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1 – 10 of 453With the development of the Chinese economy and its gradually opened market, there are more and more chances for foreign business entities who want to expand their businesses in…
Abstract
Purpose
With the development of the Chinese economy and its gradually opened market, there are more and more chances for foreign business entities who want to expand their businesses in China. The insurance market is one the most attractive. However, getting the authorization for their insurance business is one problem they encounter. The purpose of this paper is to provide some different views about Chinese insurance license regulations for those who want to start their business in China.
Design/methodology/approach
Different from the office papers or Regulations of China, this paper is based on research interviews carried out in China (mainly in Beijing and Shanghai). The empirical methodology reveals the actual ideas and attitudes about Chinese insurance license regulations. Except that, the comparative about some issues have been carried on between Chinese insurance companies and foreign insurance companies.
Findings
The research interview reveals that it is not difficult for foreign insurers to meet the requirements of clauses of regulations. However, the attitude of Chinese insurance regulators and the culture background, and even the political opinions of the official leaders, have played a very important role in the decision of the regulatory body.
Research limitations/implications
Owing to the limitation of funds and time for this interview research, the interviews were carried out mainly in Beijing, Shanghai and Shenzheng. Even most of head offices of insurance companies located in these cities, however, it cannot be said these views represented the 100 percent true opinions.
Originality/value
These findings cannot be said in public, while everyone can understand it. That is the value of this paper.
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Chao Feng, Jinjun Yu, Yajing Fan and Hui Chen
Integrating transaction costs economics and task-technology fit theory, this study distinguishes two categories of social media–enabled interactions, namely task-related…
Abstract
Purpose
Integrating transaction costs economics and task-technology fit theory, this study distinguishes two categories of social media–enabled interactions, namely task-related interactions and tie-related interactions, and explores the match between these two and firms' use of contracts in achieving safeguarding and coordinating purposes in interfirm governance.
Design/methodology/approach
Two studies were conducted to test the hypotheses. In Study 1, this study collaborated with a professional market research firm and collected responses from Chinese manufacturing firms in a survey. In Study 2, this study designed a scenario-based experiment and collected 239 participants from the Credamo platform.
Findings
This study categorized social media–enabled interactions into task-related interactions and tie-related interactions and conducted two studies to reveal that the safeguarding purpose of contract specificity is amplified by tie-related interactions, whereas the coordinating purpose of contract specificity is strengthened by task-related interactions.
Research limitations/implications
This study assumes that firms permit and encourage the use of social media. However, some firms might prohibit the use of social media due to risk issues, or their partners may be prohibited from using social media.
Practical implications
Given that social media–enabled interactions have joint effects with contracts in achieving safeguarding and coordinating purposes, a firm's employees should match their goals with an appropriate type of social media–enabled interactions.
Originality/value
This study enriches the interfirm governance literature by uncovering the roles of these two types of interactions in matching contract specificity to achieve safeguarding and coordinating purposes, which provides actionable insights for managers in governing interfirm relationships.
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Chao Fan, Feng Jiang, Mingzhe Yu and Xiaobo Tao
Brand storytelling is an effective marketing tool. However, when choosing whether to tell more or tell less, it remains unclear which of these two narrative styles is most…
Abstract
Purpose
Brand storytelling is an effective marketing tool. However, when choosing whether to tell more or tell less, it remains unclear which of these two narrative styles is most effective. This study aims to examine whether blank-leaving(less) leads to favourable brand attitudes and compares its effects on consumers’ story immersion, to non-blank-leaving(more).
Design/methodology/approach
Two experiments were conducted to test the hypotheses. In Study 1, a single-factorial design was used with 252 participants assigned at random to one of two narrative conditions: blank-leaving or non-blank-leaving. Study 2 replicated Study 1 and investigated the moderating role of implicit mindsets.
Findings
The results show that a blank-leaving narrative style increases favourable brand attitudes. Consumers present deeper immersion in the brand story that uses blank-leaving, as compared to non-blank-leaving, leading to a more favourable brand attitude. Furthermore, this effect is stronger for individuals with growth mindsets.
Practical implications
Telling the brand story using a blank-leaving narrative style is more effective in catching consumers’ attention than non-blank-leaving. In particular, a blank-leaving narrative is a good approach for targeting consumers who have a growth mindset.
Originality/value
To the best of the authors’ knowledge, this research is the first to investigate and compare the effects of blank-leaving and non-blank-leaving narrative styles on brand attitudes in the context of storytelling marketing.
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Yan Li, Lian Luo, Chao Liang and Feng Ma
The purpose of this paper is to explore whether the out-of-sample model bias plays an important role in predicting volatility.
Abstract
Purpose
The purpose of this paper is to explore whether the out-of-sample model bias plays an important role in predicting volatility.
Design/methodology/approach
Under the heterogeneous autoregressive realized volatility (HAR-RV) framework, we analyze the predictive power of out-of-sample model bias for the realized volatility (RV) of the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX) indices from in-sample and out-of-sample perspectives respectively.
Findings
The in-sample results reveal that the prediction model including the model bias can obtain bigger R2, and the out-of-sample empirical results based on several evaluation methods suggest that the prediction model incorporating model bias can improve forecast accuracy for the RV of the DJI and the SPX indices. That is, model bias can enhance the predictability of original HAR family models.
Originality/value
The author introduce out-of-sample model bias into HAR family models to enhance model capability in predicting realized volatility.
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Chengxin Lin, Jieyi Chen, Chao Feng and Xiaojuan Li
Prefabricated building has emerged as a hallmark of modern construction industrialization and a pivotal driver of industrial upgrading. In this new building type, the supply of…
Abstract
Purpose
Prefabricated building has emerged as a hallmark of modern construction industrialization and a pivotal driver of industrial upgrading. In this new building type, the supply of high-quality prefabricated components plays a crucial role in ensuring project quality, cost-effectiveness and on-time completion. Consequently, selecting the optimum suppliers for these components is vital. This study provides valuable insights for construction enterprises, guiding them in the optimal selection of prefabricated component suppliers and thereby contributing to the sustainable development of the construction industry.
Design/methodology/approach
The entropy weight method is used to integrate and rank 19 commonly used evaluation indices, forming a supplier evaluation system from the enterprises perspective. Subsequently, the VIKOR multi-attribute decision model, combined with a comprehensive evaluation method based on cloud modeling, is applied to identify the most suitable suppliers through case study.
Findings
The findings emphasized that product quality, particularly the component compliance rate, is paramount in supplier selection. Additionally, companies should prioritize cost management and fundamental supplier capabilities, such as transportation efficiency and operational flexibility, while fostering strong partnerships with high-quality suppliers. Furthermore, all stakeholders need to enhance the supply chain’s responsiveness and adaptability, ensuring these improvements are achieved without strict cost controls.
Originality/value
This study minimizes the influence of subjective biases from decision-makers’ by integrating quantitative and qualitative analysis methods, thereby enhancing the comprehensiveness and accuracy of evaluations. By effectively addressing the fuzziness and uncertainty inherent in evaluation data, it establishes a robust system for selecting prefabricated building suppliers. This approach offers reliable and practical decision support, providing theoretical backing for enterprises in choosing prefabricated component suppliers and promoting the sustainable development of the prefabricated construction industry.
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This study examines the impact of climate legislation on green agricultural production and tests the heterogeneous impact of different types of climate legislation on agricultural…
Abstract
Purpose
This study examines the impact of climate legislation on green agricultural production and tests the heterogeneous impact of different types of climate legislation on agricultural green production.
Design/methodology/approach
In this study, the super-slacks-based measure (super-SBM) model is used to calculate agricultural green total factor productivity (AGTFP). The impact of climate legislation (including legislative acts and executive orders) on AGTFP is examined through regression analysis. The transmission mechanism of climate legislation affecting agricultural green production is further investigated.
Findings
This study shows that climate legislation has a positive long-term effect on AGTFP. It stimulates innovation in agricultural green technology but has a negative impact on resource allocation efficiency. Executive orders have a more significant effect on AGTFP than climate legislative acts. The effectiveness of climate legislation is more significant in countries with stronger legislation. Moreover, climate legislation reduces AGTFP in low-income countries while enhancing AGTFP in high-income countries. This effect is most prominent in upper-middle-income countries.
Originality/value
This study examines the different effects of various types of climate legislation, considering the level of economic development and the strength of the legal system on AGTFP. The findings can offer a global perspective and insights for China’s policymaking.
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Monojit Das, V.N.A. Naikan and Subhash Chandra Panja
The aim of this paper is to review the literature on the prediction of cutting tool life. Tool life is typically estimated by predicting the time to reach the threshold flank wear…
Abstract
Purpose
The aim of this paper is to review the literature on the prediction of cutting tool life. Tool life is typically estimated by predicting the time to reach the threshold flank wear width. The cutting tool is a crucial component in any machining process, and its failure affects the manufacturing process adversely. The prediction of cutting tool life by considering several factors that affect tool life is crucial to managing quality, cost, availability and waste in machining processes.
Design/methodology/approach
This study has undertaken the critical analysis and summarisation of various techniques used in the literature for predicting the life or remaining useful life (RUL) of the cutting tool through monitoring the tool wear, primarily flank wear. The experimental setups that comprise diversified machining processes, including turning, milling, drilling, boring and slotting, are covered in this review.
Findings
Cutting tool life is a stochastic variable. Tool failure depends on various factors, including the type and material of the cutting tool, work material, cutting conditions and machine tool. Thus, the life of the cutting tool for a particular experimental setup must be modelled by considering the cutting parameters.
Originality/value
This submission discusses tool life prediction comprehensively, from monitoring tool wear, primarily flank wear, to modelling tool life, and this type of comprehensive review on cutting tool life prediction has not been reported in the literature till now. The future suggestions provided in this review are expected to provide avenues to solve the unexplored challenges in this field.
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Ching-Cheng Chao, Fang-Yuan Chen, Ching-Chiao Yang and Chien-Yu Chen
The e-freight program launched by the International Air Transport Association (IATA) has gradually become a standard specification for international air freight operations. This…
Abstract
The e-freight program launched by the International Air Transport Association (IATA) has gradually become a standard specification for international air freight operations. This study examined critical factors affecting air freight forwarders’ decision to adopt the IATA e-freight using a technology-organization-environment model with air freight forwarders in Taiwan as the base. Our findings show that ‘information technology (IT) competence’, ‘trading partner pressure’, ‘government policy’ and ‘competitive pressure’ all have significant positive effects on air freight forwarders’ decision to adopt the e-freight and the top three factors among these are ‘government funding’, ‘government’s active promotion’ and ‘government’s requirement of electronic air waybill (e-AWB)’. Finally, this study proposes strategies that can encourage air freight forwarders to decide on e-freight adoption for the information of relevant oK regyawniozradtison International Air Transport Association (IATA); IATA e-freight; Technology organization environment model; Air freight forwarder
Chao Li, Shuihua Han, Sameer Kumar and Wei-Xi Feng
The purpose of this paper is to define the conceptualization and measurement of informatization according to a capability perspective reflected in three aspects: IT managerial…
Abstract
Purpose
The purpose of this paper is to define the conceptualization and measurement of informatization according to a capability perspective reflected in three aspects: IT managerial capability, IT-enabled capability and IT infrastructure capability.
Design/methodology/approach
Manufacturing enterprises in China’s Northeast and Pearl River Delta regions in China were selected to empirically examine, using structural equation modeling, the association between a firm’s senior executive support informatization and radical innovation performance.
Findings
Results show a significant positive relationship between senior executive support and IT-enabled capability. However, there are no significant positive influences uncovered between senior executive support and IT managerial capability and IT infrastructure capability. The authors find significant positive effects of IT managerial capability, IT-enabled capability and IT infrastructure capability on radical innovation performance. Lastly, the joint effect of senior executive support and external institutional environment has no significant influence on informatization.
Originality/value
This study offers improved understanding for enterprises and academia about the effect of senior executive support informatization on radical innovation performance. It also suggests taking effective measures to highlight the management level and enterprises’ radical innovation performance.
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The purpose of this paper is to provide the historical background of genealogical records and analyze the value of Chinese genealogical research through the study of names and…
Abstract
Purpose
The purpose of this paper is to provide the historical background of genealogical records and analyze the value of Chinese genealogical research through the study of names and genealogical resources.
Design/methodology/approach
The paper examines the historical evolution and value of Chinese genealogical records, with the focus on researching the Islamic Chinese names used by the people living in Guilin. The highlight of this paper includes the analysis and evolution of the Islamic Chinese names commonly adopted by the local people in Guilin. It concludes with the recommendations on emphasizing and making the best use of genealogical records to enhance the research value of Chinese overseas studies.
Findings
The paper covers the history of Islam and describes how the religion was introduced into China, as well as Muslims' ethnicity and identity. It also places focus on the importance of building a research collection in Asian history and Chinese genealogy.
Research limitations/implications
This research study has a strong subject focus on Chinese genealogy, Asian history, and Islamic Chinese surnames. It is a narrow field that few researchers have delved into.
Practical implications
The results of this study will assist students, researchers, and the general public in tracing the origin of their surnames and developing their interest in the social and historical value of Chinese local history and genealogies.
Social implications
The study of Chinese surnames is, by itself, a particular field for researching the social and political implications of contemporary Chinese society during the time the family members lived.
Originality/value
Very little research has been done in the area of Chinese local history and genealogy. The paper would be of value to researchers such as historians, sociologists, ethnologists and archaeologists, as well as students and anyone interested in researching a surname origin, its history and evolution.
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