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1 – 6 of 6Xiaoyue Chen, Bin Li, Tarlok Singh and Andrew C. Worthington
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure…
Abstract
Purpose
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure to Chinese economic policy uncertainty at the individual stock level in large Asian markets.
Design/methodology/approach
We estimate the monthly uncertainty exposure (beta) for each stock and then employ the portfolio-level sorting analysis to investigate the relationship between the China’s uncertainty exposure and the future returns of major Asian markets over multiple trading horizons. The raw returns of the high-minus-low portfolios are then adjusted using conventional asset pricing models to investigate whether the relationship is explained by common risk factors. Finally, we check the robustness of the portfolio-level results through firm-level Fama and MacBeth (1973) regressions.
Findings
Applying portfolio-level sorting analysis, we reveal that exposure to Chinese uncertainty is negatively related to the future returns of large stocks over multiple trading horizons in Japan, Hong Kong and India. We discover this is unexplained by common risk factors, including market, size, value, profitability, investment and momentum, and is robust to the specification of stock-level Fama and MacBeth (1973) regressions.
Research limitations/implications
Our analysis demonstrates the spillover effects of Chinese economic policy uncertainty across the region, provides evidence of China's emerging economic leadership, and offers trading strategies for managing uncertainty risks.
Originality/value
The findings of the study significantly improve our understanding of stock return predictability in Asian markets. Unlike previous studies, our results challenge the leading role of the US by providing a new intra-regional return predictor, namely, China’s uncertainty exposure. These results also evidence the continuing integration of the Asian economy and financial markets. However, contrary findings for some Asian markets point toward certain market-specific features. Compared with market-level research, our analysis provides deeper insights into the performance of individual stocks and is of particular importance to investors and other market participants.
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Jiaqi Fang, Kun Ma, Yanfang Qiu, Ke Ji, Zhenxiang Chen and Bo Yang
The discrepancy between the content of an article and its title is a key characteristic of fake news. Current methods for detecting fake news often ignore the significant…
Abstract
Purpose
The discrepancy between the content of an article and its title is a key characteristic of fake news. Current methods for detecting fake news often ignore the significant difference in length between the content and its title. In addition, relying solely on textual discrepancies between the title and content to distinguish between real and fake news has proven ineffective. The purpose of this paper is to develop a new approach called semantic enhancement network with content–title discrepancy (SEN–CTD), which enhances the accuracy of fake news detection.
Design/methodology/approach
The SEN–CTD framework is composed of two primary modules: the SEN and the content–title comparison network (CTCN). The SEN is designed to enrich the representation of news titles by integrating external information and position information to capture the context. Meanwhile, the CTCN focuses on assessing the consistency between the content of news articles and their corresponding titles examining both emotional tones and semantic attributes.
Findings
The SEN–CTD model performs well on the GossipCop, PolitiFact and RealNews data sets, achieving accuracies of 80.28%, 86.88% and 84.96%, respectively. These results highlight its effectiveness in accurately detecting fake news across different types of content.
Originality/value
The SEN is specifically designed to improve the representation of extremely short texts, enhancing the depth and accuracy of analyses for brief content. The CTCN is tailored to examine the consistency between news titles and their corresponding content, ensuring a thorough comparative evaluation of both emotional and semantic discrepancies.
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This study aims to present the concept of aircraft turbofan engine health status prediction with artificial neural network (ANN) pattern recognition but augmented with automated…
Abstract
Purpose
This study aims to present the concept of aircraft turbofan engine health status prediction with artificial neural network (ANN) pattern recognition but augmented with automated features engineering (AFE).
Design/methodology/approach
The main concept of engine health status prediction was based on three case studies and a validation process. The first two were performed on the engine health status parameters, namely, performance margin and specific fuel consumption margin. The third one was generated and created for the engine performance and safety data, specifically created for the final test. The final validation of the neural network pattern recognition was the validation of the proposed neural network architecture in comparison to the machine learning classification algorithms. All studies were conducted for ANN, which was a two-layer feedforward network architecture with pattern recognition. All case studies and tests were performed for both simple pattern recognition network and network augmented with automated feature engineering (AFE).
Findings
The greatest achievement of this elaboration is the presentation of how on the basis of the real-life engine operational data, the entire process of engine status prediction might be conducted with the application of the neural network pattern recognition process augmented with AFE.
Practical implications
This research could be implemented into the engine maintenance strategy and planning. Engine health status prediction based on ANN augmented with AFE is an extremely strong tool in aircraft accident and incident prevention.
Originality/value
Although turbofan engine health status prediction with ANN is not a novel approach, what is absolutely worth emphasizing is the fact that contrary to other publications this research was based on genuine, real engine performance operational data as well as AFE methodology, which makes the entire research very reliable. This is also the reason the prediction results reflect the effect of the real engine wear and deterioration process.
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Abstract
Purpose
Digital innovation requires organizations to reconfigure their information technology infrastructure (ITI) to cultivate creativity and implement fast experimentation. This research inquiries into ITI generativity, an emerging concept demoting a critical ITI capability for organizational digital innovation. More specifically, it conceptualizes ITI generativity across two dimensions—namely, systems and applications infrastructure (SAI) generativity and data analytics infrastructure (DAI) generativity—and examines their respective social and technical antecedents and their impact on digital innovation.
Design/methodology/approach
This research formulates a theoretical model to investigate the social and technical antecedents along with innovation outcomes of ITI generativity. To test this model and its associated hypotheses, a survey was administered to IT professionals possessing knowledge of their organization's IT architecture and digital innovation performance. The dataset, comprising responses from 140 organizations, was analyzed using the partial least squares technique.
Findings
Results reveal that both dimensions of ITI generativity contribute to digital innovation performance, with the effect of DAI generativity being more pronounced. In addition, SAI and DAI generativities are driven by social and technical factors within an organization. More specifically, SAI generativity is positively associated with the usage of a digital application services platform and IT human resources, whereas DAI generativity is positively linked to the usage of a data analytics services platform, data analytics services usability and data analytics human resources.
Originality/value
This research contributes to the literature on digital innovation by introducing ITI generativity as a crucial ITI capability and deciphering its role in digital innovation. It also offers useful insights and guidance for practitioners on how to build ITIs to achieve better digital innovation performance.
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Deepak Jaiswal, Rishi Kant and Babeeta Mehta
Transportation-related pollution is expected to decrease when using battery electric cars. This will not only address energy and environmental issues but also promote reform and…
Abstract
Purpose
Transportation-related pollution is expected to decrease when using battery electric cars. This will not only address energy and environmental issues but also promote reform and transformation in the zero-emission automotive industry. To craft policy interventions and promotional initiatives, manufacturers need to comprehend the techno-psychological perspectives of automotive users on the adoption of electric cars. Therefore, this study aims to test a “perception-attitude-intention” linking framework built upon the “Unified Theory of Technology Acceptance and Use” (UTAUT) and analyze the behavioral intentions of existing automobile users to embrace battery electric cars.
Design/methodology/approach
The conceptual model tests the underlying direct paths, the mediation of attitudes and the moderating gender effects in predicting users’ attitudes and behavioral intentions to adopt battery electric cars using a techno-psychological approach from UTAUT. “Structural equation modeling” is used to analyze the model using the 361 valid online responses received from conventional car owners.
Findings
The results show that behavioral intentions are directly predicted by UTAUT measures with attitudes and indirectly through its mediation and gender moderation. The results support the “Perceptions-Attitudes-Intentions” linkage model that explains the phenomenon of electric car adoption. However, the mediating and moderating paths between facilitating conditions and intentions do not support the model. In addition, the research corroborates that men have a stronger effect than women on behavioral intentions to prefer battery electric cars.
Research limitations/implications
This work may assist manufacturers and regulators in developing marketing policies to encourage consumers’ adoption of battery electric cars and potentially improve their favorable perception of these vehicles.
Originality/value
This study contributes to the comprehension of how UTAUT constructs shape consumers’ attitudes and behavioral intentions regarding the adoption of battery cars equipped with emission-free technology. This study validates the grounded framework “perception-attitude-intention” linkage model, which also describes gender-wise differences toward electric car adoption in the backdrop of Indian sustainable transportation.
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Yu Zhang, Qian Du, Yali Huang, Yanying Mao and Liudan Jiao
The investigation of pro-environmental behaviors (PEB) among college students is essential for future sustainability endeavors. Existing research seldomly concentrated on college…
Abstract
Purpose
The investigation of pro-environmental behaviors (PEB) among college students is essential for future sustainability endeavors. Existing research seldomly concentrated on college students and their PEB. This study aims to address the gap in understanding PEB among college students.
Design/methodology/approach
This study constructed an integrated model combining the theory of planned behavior (TPB) and the value-belief-norm (VBN) theory, with the novel addition of environmental risk perception. Through an empirical study involving 844 college students, this research analyzed the data with the structural model.
Findings
The authors identified that environmental values, attitudes, perceived behavioral control, subjective norms and risk perception play crucial roles in shaping PEB. This study also revealed age-related differences, highlighting that older students might be less influenced by attitudes and subjective norms due to more established habits. Findings underscore the importance of fostering PEB through environmental education, promotion of low-carbon lifestyle choices and incentives. This investigation not only enriches the theoretical framework for PEB but also offers practical insights for policymakers and educators to enhance sustainable practices among the youth.
Research limitations/implications
Though the authors offer valuable findings, this research has two key limitations: the use of observational data for hypothesis testing, which weakens causal inference, and the collection of data through questionnaires, which may be biased by social desirability. Respondents of self-report tend to behave in the socially desired ways. Consequently, they usually exaggerate their pro-environmental intention or PEB. To comprehend the influencing aspects more thoroughly, future research should consider incorporating experimental methods and objective data, such as digitalized data.
Practical implications
The findings provide valuable evidence for guiding college students’ PEB, including strengthening environmental education, promoting of low-carbon fashion and providing incentives for PEBs.
Originality/value
First, the authors examine the internal factors influencing PEB among Chinese university students within the “dual-carbon” initiative framework. Second, this research pioneers the use of structural equation modeling to merge TPB and VBN theories, offering a predictive model for university students’ PEB. Third, the authors introduce “environmental risk perception” as a novel variable derived from both TPB and VBN, enhancing the model’s explanatory power.
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