Abstract
Purpose
Previous studies have rarely integrated the financing modes of a capital-constrained manufacturer with the choices of online sales strategies. To address this gap, the authors study how a manufacturer selects optimal financing modes under different sales strategies in three dual-channel supply chains.
Design/methodology/approach
This paper considers three sales strategies, namely, combining a traditional retailer channel with one of the direct selling, reselling and agency selling channels, and two common financing modes, namely, bank financing and retailer financing. The authors obtain equilibrium outcomes of the manufacturer and traditional retailer and then provide the conditions for them to select optimal financing modes under three sales strategies.
Findings
The results indicate that the manufacturer’s financing decisions rely on the initial capital and interest rates, and the manufacturer selects retailer financing only if the initial capital is relatively larger. In terms of financing mode options, the retailer financing mode is more beneficial for the manufacturer under the three sales strategies. From the perspective of sales strategies, the direct selling model is more beneficial. In addition, the higher the consumer acceptance of the online channel, the more profits the manufacturer obtains.
Practical implications
This paper provides suggestions on how the capital-constrained manufacturer chooses financing modes and sales strategies.
Originality/value
This paper integrates the financing mode and different sales strategies to investigate the manufacturer’s optimal operational decisions. These sales strategies allow us to investigate the manufacturer’s optimal financing modes in the presence of both different financing modes and sales strategies.
Details
Keywords
Shuang Huang, Haitao Zhang and Tengjiang Yu
This study aims to investigate the micro mechanism of macro rheological characteristics for composite modified asphalt.Grey relational analysis (GRA) was used to analyze the…
Abstract
Purpose
This study aims to investigate the micro mechanism of macro rheological characteristics for composite modified asphalt.Grey relational analysis (GRA) was used to analyze the correlation between macro rheological indexes and micro infrared spectroscopy indexes.
Design/methodology/approach
First, a dynamic shear rheometer and a bending beam rheometer were used to obtain the evaluation indexes of high- and low-temperature rheological characteristics for asphalt (virgin, SBS/styrene butadiene rubber [SBR], SBS/rubber and SBR/rubber) respectively, and its variation rules were analyzed. Subsequently, the infrared spectroscopy test was used to obtain the micro rheological characteristics of asphalt, which were qualitatively and quantitatively analyzed, and its variation rules were analyzed. Finally, with the help of GRA, the macro-micro evaluation indexes were correlated, and the improvement efficiency of composite modifiers on asphalt was explored from rheological characteristics.
Findings
It was found that the deformation resistance and aging resistance of SBS/rubber composite modified asphalt are relatively good, and the modification effect of composite modifier and virgin asphalt is realized through physical combination, and the rheological characteristics change with the accumulation of functional groups. The correlation between macro rutting factor and micro functional group index is high, and the relationship between macro Burgers model parameters and micro functional group index is also close.
Originality/value
Results reveal the basic principle of inherent-improved synergistic effect for composite modifiers on asphalt and provide a theoretical basis for improving the composite modified asphalt.
Details
Keywords
Junfeng Dong, Qiman Zhang, Haoyuan Teng, Li Jiang and Wenxing Lu
This paper aims to investigate the vertical cooperative relationship between the core enterprise and the manufacturer within the platform ecosystem, specifically analyzing the…
Abstract
Purpose
This paper aims to investigate the vertical cooperative relationship between the core enterprise and the manufacturer within the platform ecosystem, specifically analyzing the optimal decision-making processes of both parties under the original equipment manufacturer (OEM) and original brand manufacturer (OBM) modes.
Design/methodology/approach
This paper uses game theory to analyze the problem, considering factors such as brand value difference, cross-selling and platform empowerment. It constructs the game models for both OEM and OBM modes and discusses the selection strategies for the cooperation mode.
Findings
The results indicate that the choice of cooperation mode by the manufacturer and the core enterprise depends on the relative size of their brand values. In cases of inconsistent choices, cooperation can be improved by designing a transfer payment contract. When the brand value is constant, the product price is comprehensively affected by cross-selling revenue, price elasticity coefficient, cost coefficient of sales effort and cost coefficient of platform empowerment. The enterprise reduces the price only when the potential revenue brought by increasing product sales exceeds the marginal profit brought by increasing product pricing; otherwise, it raises the sales price.
Originality/value
The platform ecosystem is emerging as a future direction for business mode development. However, there is a paucity of research on the cooperation modes between manufacturers and core enterprises within the platform ecosystem.
Details
Keywords
Ai Su, Xiaotong Cai, Xue-Song Liu, Xiang-Nan Tao, Lei Chen and Rui Wang
The development of an effective corporate vision is a necessary issue for corporate performance, and it is a key issue for corporate sustainable development as well. The…
Abstract
Purpose
The development of an effective corporate vision is a necessary issue for corporate performance, and it is a key issue for corporate sustainable development as well. The recognition of questions like “what is the role of corporate vision in corporate performance” is directly related to the attitude and practice of entrepreneurs and managers toward the development of corporate vision as well as the effectiveness of the corporate vision itself. To better answer the questions concerning the role of corporate vision development and effectively guide the practice of corporations, the authors study the pathways and mechanisms by which corporate visions operate to assist businesses in achieving high performance.
Design/methodology/approach
The article completes the construction of indicators to measure each dimension of the corporate vision in line with social cognitive theory and analyzes the relationship between corporate vision and corporate performance by combining qualitative comparative analysis (QCA) and necessary condition analysis (NCA) research methods. The article provides insights into the logic of constructing and adjusting corporate visions from a process perspective.
Findings
The mechanisms by which corporate visions can be articulated, accepted and transformed within the organization are also the means by which corporate visions can improve corporate performance. In a dynamic environment, the corporate vision setting and acceptance process integrates the requirements of various stakeholders, leading to the adjustment and acceptance of the corporate vision. As a result, the vision has continuous validity in a changing environment. Both start-ups and non-start-ups can benefit from the guidance provided by a strong corporate vision in overcoming a variety of issues and obstacles to produce strong business performance.
Originality/value
This is the first study that shows the relationship between corporate vision and corporate performance from a process perspective. The authors are interested in understanding which characteristics for building a corporate vision are more accepted by organizational members and, in turn, create high corporate performance. The authors also explore the conditions for corporate vision acceptance. This research has positive implications for shedding some light on the mechanisms by which corporate visions improve corporate performance.
Details
Keywords
Hsien Chun Chen, Chin Tung Stewart Ng, I-Heng Chen, Yi-Ting Chen, Michal Polacek and Ying-Lun Liang
The study explores the mechanism between employee demand–ability fit and promotability ratings. Moreover, we examine whether political skill moderates the relationship above.
Abstract
Purpose
The study explores the mechanism between employee demand–ability fit and promotability ratings. Moreover, we examine whether political skill moderates the relationship above.
Design/methodology/approach
The present study received 260 effective supervisor-rated questionnaires from various industries in Taiwan.
Findings
The results reveal that employee demand–ability fit positively relates to promotability ratings, and task performance mediates the above relationship. In addition, political skill positively moderates the relationship between employee demand–ability fit and task performance.
Originality/value
We used the supervisor rating for our variables to test the hypotheses.
Details
Keywords
This research proposes that leader expectations for green creativity promote employee green creativity, as they guide leaders to provide green intellectual stimulation to…
Abstract
Purpose
This research proposes that leader expectations for green creativity promote employee green creativity, as they guide leaders to provide green intellectual stimulation to employees. This relationship exists only when organizations provide sufficient green intellectual capital.
Design/methodology/approach
We obtained survey data from 241 employees and their leaders over three waves and conducted regression analyses.
Findings
Leader expectations for green creativity evoke leader green intellectual stimulation, which increases employee green creativity. Green intellectual capital strengthens the link between leader green intellectual stimulation and employee green creativity as well as the indirect linkage between leader expectations for green creativity and employee green creativity through leader green intellectual stimulation.
Practical implications
This research provides valuable insights into key strategies that organizations and leaders can use to promote employee green creativity, such as expressing expectations, facilitating intellectual stimulation, and providing intellectual capital.
Originality/value
This research advances the literature on leadership and employee green creativity by integrating Pygmalion theory and green intellectual capital theory.
Details
Keywords
Peng Wang, Luyu Liu, Fanghao Nan and RenQuan Dong
Assisted training using upper limb rehabilitation robots is beneficial for flaccid paralysis patients in recovering their functional abilities. In the assisted training mode, the…
Abstract
Purpose
Assisted training using upper limb rehabilitation robots is beneficial for flaccid paralysis patients in recovering their functional abilities. In the assisted training mode, the patient’s motor ability is limited by factors such as limb muscle tension, and it is prone for the rehabilitation robot to deviate from the prescribed training trajectory. A sliding mode control method based on a fixed time observer is proposed to address the problem of delayed trajectory tracking response of upper limb rehabilitation robots caused by external disturbances such as patient limbs.
Design/methodology/approach
First, aiming at the problem of estimating and compensating for external disturbances in the upper limb rehabilitation robot system, a fixed time observer was designed based on the robot’s dynamic model. Second, the composite sliding mode reaching law combining the smooth function and the power-exponential function is proposed to shorten the convergence time of system states in the startup phase, thereby reducing chattering in the control process and realizing the real-time tracking of the training trajectory by the control system.
Findings
The proposed method provides a solution for the trajectory tracking speed of upper limb rehabilitation robot controllers. In the circular trajectory tracking control, compared to the sliding-mode control method combined with the variable-exponential composite reaching law based on the fixed-time observer, the method in this paper reduces the time for the system state to reach the sliding surface by 0.89 s and improves the response speed by 0.66%.
Originality/value
The composite sliding mode approach law based on smooth function and power exponent function can reduce the time it takes for the system state to reach and remain on the sliding surface and improve the trajectory tracking speed of upper limb rehabilitation robots. This controller improves the accuracy of trajectory control and ensures the robustness of auxiliary rehabilitation training.
Details
Keywords
Sheng Liu, Xiao Lin and Xiuying Chen
This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides…
Abstract
Purpose
This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides implications for the coordination and optimization of subsequent stock market liberalization and green transformation policies in pursuit of carbon peaking and carbon neutrality goals.
Design/methodology/approach
With the data of Chinese listed enterprises, this paper takes the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect in China as a quasi-natural experiment and applies the multi-period difference-in-difference (DID) model to identify the impact of stock market liberalization on the corporates’ environmental violations.
Findings
The findings reveal that the stock market liberalization significantly restrains the corporates’ environmental violations. These findings are robust to a series of sensitivity tests, including excluding two-way effects, adjusting the year of policy implementation, replacing the core variables, introducing the regional fixed effects and excluding the interference effect of other relevant policies during the sample period. Furthermore, the stock market liberalization is beneficial for upgrading information disclosure quality, improving internal governance capability, strengthening environmental protection incentives, and thus restrains corporates’ environmental violations. Meanwhile, heterogeneity tests show that the inhibitory effects are more significant in those grouped samples which is large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden.
Originality/value
We make two marginal contributions to the current literature. First, this paper enriches the literature on the factors influencing corporate environmental violations by focusing on how the macro-level financial policy influences the micro-level corporate environmental violations. One the one hand, prior studies mainly focused on the consequences of corporate environmental violations; however, there is still a puzzle that the effect of stock market liberalization cannot be fully justified to influence corporate environmental violations. The findings help explain this puzzle by examining that stock market liberalization can restrain corporate environmental violations. Moreover, prior studies mainly focused on corporate share price (Yunsen Chen et al., 2022), market liquidity (Han Kim and Singal, 2000), information disclosure (Liang, Lin, and Chin 2012), corporate governance (Bae and Goyal, 2010) and corporate violations (Lingyun Xiong et al., 2021), but not on corporate environmental violations. We assume that the suppression effect of stock market liberalization on corporate environmental violations can help reduce corporate environmental violations, improve corporates’ awareness of environmental compliance. Second, this paper contributes to a better understanding of the literature on stock market liberalization by investigating the restraining effect of Stock Connect on corporate environmental violations from the perspective of information channel, corporate governance channel and motivation channel, which is of practical significance. Moreover, we investigate the differences in the inhibitory effects of stock market liberalization on different enterprises' environmental violations, from firm size, property rights, enterprise assessment results, tax burden to geographical location, which is conducive to the construction of a green financial system and the promotion of sustainable economic development. Our results show that firms which are large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden tend to compliance with environmental laws. These findings emphasize the importance and benefits of Stock Connect.
Details
Keywords
Valentina Furlan, Federico Insero and Hermes Giberti
This study aims to investigate and compare three nonplanar (NP) slicing algorithms. The algorithms aim to control the layer thickness variation (LTV), which is a common issue in…
Abstract
Purpose
This study aims to investigate and compare three nonplanar (NP) slicing algorithms. The algorithms aim to control the layer thickness variation (LTV), which is a common issue in supportless fabrication of free-form parts. The comparison underlines the differences between theoretical and real scenarios, resulting in guidelines for toolpath generation of complex objects.
Design/methodology/approach
The algorithm comparison uses a representative complex geometry, i.e. the quarter of torus. It presents an increasing overhang and constant curvature. It is represented using a parametric definition in the first two algorithms and by triangular meshes as the real scenario. The algorithms work on the contouring stage, whereas a B-spline approach is used to build the inner side of layers. Constant layer thickness (LT) is imposed, and an adaptive approach is adopted to avoid over-extrusion. Three algorithms are validated with a robotized fused deposition modeling system. LTs are measured on cross-sectioned samples and compared with the theoretical cases.
Findings
The results show that two algorithms can provide an LTV of about 0% on the contour. Nevertheless, the theoretical results on the inner side are divergent from the previous evidence, moving on to higher LTV (approximately 90%). The need for an adaptive approach is demonstrated, resulting in an LTV reduction (approximately 30%). Printed parts present the same trends of theoretical results confirming the algorithms’ capabilities.
Originality/value
The work shows, for the first time, a comparison between NP slicing techniques. The LTV problem in hollow and filled components is analyzed through theoretical and experimental evidence. The results are promising for supportless fabrication of free-form parts.
Details
Keywords
José Miguel Holgado-Herrero, F. Javier Rondan-Cataluña, Carmen Barroso-Castro and José Luís Galán-González
The purpose of this study is to explore brand customer erosion at both the category and brand levels while considering consumer socio-demographic characteristics and weight of…
Abstract
Purpose
The purpose of this study is to explore brand customer erosion at both the category and brand levels while considering consumer socio-demographic characteristics and weight of purchase factors.
Design/methodology/approach
Data from 3,563 buyers encompassing 20,601 purchases were collected from a prominent household data panel.
Findings
Brand customer erosion varies depending on socio-demographic factors (householder age, family size, life cycle and social class) and weight of purchase; variations are evident depending on the specific brand.
Originality/value
The paper makes a substantial contribution to the established fields of marketing and consumer behavior literature by opening a new line of research. It does so by demonstrating, the impact of socio-demographic factors on customer erosion. Simultaneously, it presents results that contradict the limited existing research on the influence of weight of purchase on brand customer erosion.