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1 – 10 of 205This paper investigates whether a J-curve can be detected in the time series data on China’s bilateral trade with the G-7 countries. It utilizes cointegration and causality tests…
Abstract
This paper investigates whether a J-curve can be detected in the time series data on China’s bilateral trade with the G-7 countries. It utilizes cointegration and causality tests to ascertain both the long-run relatedness, and the short-run dynamics, between the real exchange rate, national income, and the trade balance. There is some evidence that a real depreciation eventually improves the trade balance with some countries. But there is no indication of a negative short-run response which characterizes the J-curve.
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This paper summarizes the severity of global warming, collaboration and endeavor within international government and the trend of international development for “energy-saving and…
Abstract
This paper summarizes the severity of global warming, collaboration and endeavor within international government and the trend of international development for “energy-saving and emission reduction.” The Chinese government is enduring high pressure under the environment of “global warming” and “energy-saving and emission reduction” and it has made a policy for “energy-saving and emission reduction.” Based on this, we analyzed the possibility and feasibility for our logistics to “energy-saving and emission reduction,” then propose some solutions for our logistics industry to development and “energy-saving and emission reduction.”
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Peck-Ching Sia, Chin-Hong Puah, Choi-Meng Leong, Kwang-Jing Yii and Maggie May-Jean Tang
This paper examines the asymmetric effects of inflation and interest rate on stock prices in Indonesia.
Abstract
Purpose
This paper examines the asymmetric effects of inflation and interest rate on stock prices in Indonesia.
Design/methodology/approach
Variables such as interest rate, inflation rate, gross domestic product (GDP), and exchange rate were tested using the time-series data fitted to the Nonlinear Autoregressive Distributed Lag (NARDL) model. The asymmetric effects of interest rate and inflation rate were estimated in two separate models, with data covering the period from 1997:Q1 to 2023:Q3.
Findings
The results indicated that interest rate exhibit asymmetric effects on stock prices in both the short and long run. Conversely, no asymmetric effect was identified for the inflation rate model. The NARDL result of the asymmetry interest rate model revealed that both positive and negative changes in interest rate have a negative impact on stock prices in Indonesia. Notably, stock prices were positively and significantly influenced by both economic growth and exchange rate. The results suggested that policymakers should respond more proactively by adjusting interest rate in line with stock price movements.
Originality/value
This study diverges from previous studies by employing a general equilibrium theoretic model to link output with stock returns and extending it to include macroeconomic variables relevant to stock price determination. This study uniquely examined the asymmetric effects of monetary policy variables in Indonesia, particularly by comparing the asymmetric effects of inflation and interest rate.
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This paper aims to address the rural and gender gaps in the immigrant entrepreneurship literature by exploring the start-up stories of 18 female immigrants who currently run a…
Abstract
Purpose
This paper aims to address the rural and gender gaps in the immigrant entrepreneurship literature by exploring the start-up stories of 18 female immigrants who currently run a business in northernmost Norway.
Design/methodology/approach
The paper is based on a qualitative fieldwork including business visits and in-depth interviews. The transcripts from the interviews were analysed using a constructivist grounded theory (CGT) approach.
Findings
Four modes of entry to entrepreneurship were identified: entrepreneurship as a way out of unemployment; entrepreneurship as a means to avoid underemployment, entrepreneurship as a means to live in a region of perceived attraction; and entrepreneurship as a preferred choice for women in satisfactory wage labour. In addition, the paper reveals the importance of family support and of spatial embeddedness among immigrant entrepreneurs living in a rural context.
Practical implications
This study notes that the modes of entry to rural immigrant entrepreneurship are diverse, but that they are often partly related to the pursuit of an initial feeling of belonging in the new region of settlement. Hence, developing the knowledge of how to not only attract but also retain and increase the feeling of local belonging of immigrants may be important for many rural regions in the Western world. This is because rural immigrants not only represent a much needed in-flow of younger people in a typically decreasing and ageing population but also entail cultural variation and job creation, thus contributing to place development.
Social implications
The paper argues for the importance of considering immigrant entrepreneurs as significant actors of rural development.
Originality/value
While immigrant entrepreneurship has emerged as an important field of study, it has been criticised for focusing predominantly on men and for neglecting contextual variations in the analysis. The rural context especially has been largely omitted. By focusing on female immigrants having established a business in a rural context, the paper adds to the literature, firstly, by highlighting the experiences of female immigrant entrepreneurs. Secondly, it reveals that rural immigrant entrepreneurship cannot be conceived in terms of “ethnic resources” or “enclave economy” that are often central explanatory dimensions in megacity studies. Thirdly, it argues for the importance of considering both the spatial as well as the family contexts in the author’s theoretical conceptualizations of the (immigrant) entrepreneurial start-up phase.
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Chikazhe Lovemore, Desderio Chavunduka, Shakemore Chinofunga, Rumbidzai Patience Marere, Oniwel Chifamba and Martha Kaviya
The major objective of the study is to investigate the effect of selected customer retention strategies (fair pricing, online marketing and frequent communication) on perceived…
Abstract
Purpose
The major objective of the study is to investigate the effect of selected customer retention strategies (fair pricing, online marketing and frequent communication) on perceived service quality and organisational performance within the retail sector in Zimbabwe. Also, the study sought to understand the moderating role of ICT on the effect of customer retention strategies on perceived service quality and organisational performance.
Design/methodology/approach
A cross-sectional survey of 280 employees within Zimbabwe's retail sector was adopted and respondents were selected using simple random sampling method. A structured questionnaire with Likert type questions was used to gather data.
Findings
The study findings indicate that the performance of organisations within the retail sector is influenced by superior service quality, selected customer retention strategies and also moderated by the use of ICT.
Originality/value
The study contributes to the business management body of knowledge by assessing the effect of selected customer retention strategies (fair pricing, online marketing and frequent communication) on perceived service quality and organisational performance within the retail industry of an emerging economy. The study is also unique in that it used ICT to moderate the effect of selected customer retention strategies on perceived service quality and organisational performance.
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Wenjun Jing, Xuan Liu, Linlin Wang and Yi He
Aiming at the lack of explanatory power of traditional industrial organization theory in cross-border competition, by introducing the idea of ecological niche, the authors aim to…
Abstract
Purpose
Aiming at the lack of explanatory power of traditional industrial organization theory in cross-border competition, by introducing the idea of ecological niche, the authors aim to explore the competitive situation of platform-based enterprises when they operate in multiple fields.
Design/methodology/approach
With the help of ecological niche theory, construct the niche width and niche overlap index of typical enterprises in the platform economy, and find out the advantages and the intensity of competition through comparative analysis.
Findings
In an environment of cross-border competition, large enterprises have significant competitive advantages, and the fierce competition is concentrated among medium-sized enterprises.
Originality/value
The conclusions of this paper not only provide new insights for explaining the phenomenon of cross-border competition in the platform economy, but also provide theoretical reference for the anti-trust enforcement practice in the platform economy.
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Pengyue Guo, Tianyun Shi, Zhen Ma and Jing Wang
The paper aims to solve the problem of personnel intrusion identification within the limits of high-speed railways. It adopts the fusion method of millimeter wave radar and camera…
Abstract
Purpose
The paper aims to solve the problem of personnel intrusion identification within the limits of high-speed railways. It adopts the fusion method of millimeter wave radar and camera to improve the accuracy of object recognition in dark and harsh weather conditions.
Design/methodology/approach
This paper adopts the fusion strategy of radar and camera linkage to achieve focus amplification of long-distance targets and solves the problem of low illumination by laser light filling of the focus point. In order to improve the recognition effect, this paper adopts the YOLOv8 algorithm for multi-scale target recognition. In addition, for the image distortion caused by bad weather, this paper proposes a linkage and tracking fusion strategy to output the correct alarm results.
Findings
Simulated intrusion tests show that the proposed method can effectively detect human intrusion within 0–200 m during the day and night in sunny weather and can achieve more than 80% recognition accuracy for extreme severe weather conditions.
Originality/value
(1) The authors propose a personnel intrusion monitoring scheme based on the fusion of millimeter wave radar and camera, achieving all-weather intrusion monitoring; (2) The authors propose a new multi-level fusion algorithm based on linkage and tracking to achieve intrusion target monitoring under adverse weather conditions; (3) The authors have conducted a large number of innovative simulation experiments to verify the effectiveness of the method proposed in this article.
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Zhuo (June) Cheng and Jing (Bob) Fang
This study examines the effect of stock liquidity on the magnitude of the accrual anomaly.
Abstract
Purpose
This study examines the effect of stock liquidity on the magnitude of the accrual anomaly.
Design/methodology/approach
This paper examines the relation—both time-series and cross-sectional—between stock liquidity and the magnitude of the accrual anomaly and use the 2001 minimum tick size decimalization as a quasi-experiment to establish causality.
Findings
There is both cross-sectional and time-series evidence that stock liquidity is negatively related to the magnitude of the accrual anomaly. Moreover, the extent to which investors overestimate the persistence of accruals decreases with stock liquidity. Results from a difference-in-differences analysis conducted using the 2001 minimum tick size decimalization as a quasi-experiment suggest that the effect of stock liquidity on the accrual anomaly is causal. The findings of this study are consistent with the enhancing effect of stock liquidity on pricing efficiency.
Originality/value
The study's findings are well aligned with the mispricing-based explanation for the accrual anomaly, suggesting that the improvement in market-wide stock liquidity drives the contemporaneous decline in the magnitude of the accrual anomaly, at least to a great extent.
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Haiyan Jiang, Jing Jia and Yuanyuan Hu
This study aims to investigate whether firms purchase directors' and officers' liability (D&O) insurance when the country-level economic policy uncertainty (EPU) is high.
Abstract
Purpose
This study aims to investigate whether firms purchase directors' and officers' liability (D&O) insurance when the country-level economic policy uncertainty (EPU) is high.
Design/methodology/approach
This study uses D&O insurance data from Chinese listed firms between 2003 and 2019 to conduct regression analyses to examine the association between D&O insurance and EPU.
Findings
The results show that government EPU, despite being an exogenous factor, increases the likelihood of firms' purchasing D&O insurance, and this effect is more pronounced when firms are exposed to great share price crash risk and high litigation risk, suggesting that firms intend to purchase D&O insurance possibly due to the accentuated stock price crash risk and litigation risk associated with EPU. In addition, the results indicate that the effect of EPU on the D&O insurance purchase decision is moderated by the provincial capital market development and internal control quality.
Practical implications
The study highlights the role of uncertain economic policies in shareholder approval of D&O insurance purchases.
Originality/value
The study enriches the literature on the determinants of D&O insurance purchases by documenting novel evidence that country-level EPU is a key institutional factor shaping firms' decisions to purchase D&O insurance.
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Jing Bill Xu, Pimtong Tavitiyaman, Xinyan Zhang and Mingfang Zhu
This paper aims to explore students’ work-integrated learning experience. Particularly, students’ application of knowledge and improvement of multiple skills in work-integrated…
Abstract
Purpose
This paper aims to explore students’ work-integrated learning experience. Particularly, students’ application of knowledge and improvement of multiple skills in work-integrated learning, their influence on positive industry image change due to the COVID-19 pandemic, and students’ desired career prospect were explored.
Design/methodology/approach
A questionnaire survey with valid responses from 168 undergraduate students in hospitality and tourism management was conducted in four colleges/universities in Guangdong, China in 2021. PLS-SEM method was used to analyze the data.
Findings
It was found that students’ multiple skills had improved through application of knowledge in work-integrated learning. Skill improvement helped form positive industry image change and shape future career prospect. However, such positive industry image change did not impact students’ career prospect directly.
Originality/value
Today, work-integrated learning has become one of the most valuable opportunities for students in hospitality and tourism management to gain industry experience. However, recent literature has largely examined the negative impacts of COVID-19, whereas few studies have examined the positive aspects of work-integrated learning.
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