Xunan Feng, Jin Xu, Ying Wang and Chunyan Tang
Using the sample between 2005 and 2011, the purpose of this paper is to investigate the effect of a new fund entry on incumbents using the overlap measure in portfolio holdings.
Abstract
Purpose
Using the sample between 2005 and 2011, the purpose of this paper is to investigate the effect of a new fund entry on incumbents using the overlap measure in portfolio holdings.
Design/methodology/approach
Empirical methodology is used in this study.
Findings
The authors find that incumbents that have a higher overlap with the entrants underperform subsequently. Based on the characteristic-based approach of Daniel et al. (1997), the authors find that the characteristic selectivity component is negatively correlated with the overlap measure, and thereby the decline in performance is driven by the stock-picking ability. The authors also discuss the unobserved actions of incumbents using the approach proposed by Kacperczyk et al. (2008) and find that incumbent unobserved actions do not benefit mutual fund investors in China. Finally the authors find that investors respond to the supply-side competition between entrants and incumbents quickly. These findings help us understand the mutual fund completion in China.
Originality/value
The findings in this study can help scholars, industry experts and regulatory authorities to understand the effect of competition in Chinese mutual fund industry.
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Yingwei Liu, Tao Wang, Ling Zhou and Chunyan Nie
The essence of “Chinese element” has been pinpointed as the representation of national cultural archetype resource of China, which reflects to the overall power enhancement of…
Abstract
Purpose
The essence of “Chinese element” has been pinpointed as the representation of national cultural archetype resource of China, which reflects to the overall power enhancement of China. Applying the Chinese national cultural archetype resource, which will be used for promoting the Chinese Brand internationalization, aims for the consumers' approval with the hope of integrating and spreading the unique cultural advantage of Chinese brand. The recognizing of Chinese brand's cultural archetype in this paper has constituted the basis of Chinese brand's cultural archetype strategy.
Design/methodology/approach
Based on the Grounded Theory, this paper has collected and analyzed the value symbols, character images and theme stories of Chinese narrative advertisements and constructed the cultural archetype framework of Chinese brands. This paper makes a comprehensive application of Charmaz's constructivist analysis and the main axis analysis and inspection method advocated by Strauss, with the aim of building a more objective and systematic theoretical framework for the Chinese brand cultural archetype.
Findings
In this framework, it revealed: (1) Chinese brand's cultural archetype can be divided into 12 concrete archetypes according to individual's relationship with self, the other, community and nature; (2) Consumers' different ways of self-categorization are attributed as the essential difference among various archetypes. This paper also compared and analyzed the differences between Chinese and Western cultural archetypes from three perspectives, formation of social structure, pedigree of myth and character's feature.
Originality/value
This paper has certain innovative significance to the theoretical construction of the archetype of Chinese brand culture. First, based on the cultural perspective, this paper applied the cultural psychological connotation of archetype to the brand research across culture, which is more conducive to the researchers' investigation of the cultural psychology of consumers in the cross-cultural context? Second, based on the identification and comparative study of Chinese brand culture archetype, it provides a new expansion and supplement for the research on brand internationalization and globalization in emerging countries.
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Xu Wang, Chunyan Dai, Yazhao Wang and Linhao Bao
This paper aims to conduct an in-depth analysis of the shortcomings of apps’ privacy policies and to propose improvement and optimization strategies, which are of great…
Abstract
Purpose
This paper aims to conduct an in-depth analysis of the shortcomings of apps’ privacy policies and to propose improvement and optimization strategies, which are of great significance for establishing a transparent and responsible privacy protection framework that ensures compliant collection and use of users’ information and effective protection of their privacy.
Design/methodology/approach
This paper obtained privacy policy texts for 100 shopping apps through Web crawlers and manual downloads. Based on the perspective of perceived usefulness, thematic analysis is conducted through the latent Dirichlet allocation topic model and comparison with existing policies. Based on the perspective of perceived ease of use, readability analysis is conducted through content analysis and formula calculation.
Findings
The apps privacy policies can be divided into seven themes. The authors benchmark these seven topics with the Personal Information Protection Law of the People’s Republic of China, the E-Commerce Law of the People’s Republic of China and the General Data Protection Regulation. It is found that there are omissions in the information collection and use and juvenile protection of the existing apps. Through the indicators’ readability analysis and calculation, it is found that the existing apps privacy policies have good performance in the readability indicators such as naming method, frame directory and so on. However, text personalization and text readability need to be improved and optimized.
Originality/value
At the theoretical level, this paper constructs a model from the dual perception perspectives of perceived usefulness and perceived ease of use and analyses the apps’ privacy policy texts at a fine-grained level. At the practical level, based on large-scale apps’ privacy policy text data, this paper conducts multi-dimensional research from theme analysis, authoritative law benchmarking analysis, content analysis and text readability calculation and analysis. At the same time, this paper identifies the current problems of apps’ privacy policies and puts forward countermeasure suggestions for their content improvement and optimization.
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Xu Wang, Chunyan Dai and Linhao Bao
The purpose of this paper is to conduct a thorough study of the current research status and trends of Artificial Intelligence-Generated Content (AIGC), which is thriving and…
Abstract
Purpose
The purpose of this paper is to conduct a thorough study of the current research status and trends of Artificial Intelligence-Generated Content (AIGC), which is thriving and exerting significant influences on society, the economy and technology. This study will encompass both the ample opportunities and the array of emerging risks and challenges associated with AIGC. Furthermore, this paper seeks to propose practical optimization strategies to facilitate its continued development.
Design/methodology/approach
A total of 12,702 documents in Scopus, CNKI and Altmetric.com databases are analyzed in this paper. The visualization tools of CiteSpace and Netdraw are used to systematically analyze AIGC from macro, meso and micro perspectives based on bibliometric indicators. The analysis is combined with altmetrics indicators to identify hotspots in AIGC-related research and predict future development trends. Finally, substantive optimization suggestions for the development of AIGC are put forward.
Findings
Research has found that firstly, both domestic and international research in the field of AIGC is actively catching up with the pace of the era. Institutions and authors recognize the indispensability of collaboration, leading to the emergence of interdisciplinary cooperation trends. Secondly, at the thematic research level, both domestic and international studies cover the overall trends of AIGC, including technology, applications, challenges and coping strategies. However, international scholars tend to focus more on technological breakthroughs, while domestic researchers emphasize the formulation of national laws and regulations. Finally, through the analysis of hotspots and trends, it is predicted that future research will focus more on addressing the legal issues regarding the originality of AIGC, enhancing its interactivity, optimizing its applications, emphasizing ethical considerations and efficiently addressing major social issues such as pandemics using AIGC technology. Corresponding optimization strategies are proposed to ensure the development of AIGC is consistent with global consensus and values, creating a beneficial environment for its sustainable development.
Originality/value
Firstly, this paper integrates data from three databases and uses multiple software tools to conduct a comparative analysis of the research trends in AIGC from both domestic and international perspectives. Secondly, this paper not only analyzes the academic influence of AIGC-related research through bibliometric indicators but also combines altmetrics indicators to explore the public’s attitude toward AIGC. This method systematically reveals the overall development trends, leading institutions and researchers, thematic research areas, hotspot evolution and future development trends of AIGC-related research, providing theoretical references for subsequent scholars in AIGC research. Additionally, this paper helps governments, institutions and organizations to precisely and wisely formulate policies and investments, as well as to effectively comprehend the development trends of AIGC and promote the advancement of AIGC technology and applications.
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Shiyang Hu, Chunyan Wei, Rui Xue, Liang Yin and Bo Zhu
This paper examines the effect of board reforms on managerial risk-taking incentive provision in state-owned enterprises (SOEs) whose managers are undue risk-averse.
Abstract
Purpose
This paper examines the effect of board reforms on managerial risk-taking incentive provision in state-owned enterprises (SOEs) whose managers are undue risk-averse.
Design/methodology/approach
We use the staggered implementation of board reforms in Chinese central government-controlled state-owned enterprises (CSOEs) as an exogenous shock to board governance. We collect data on board reforms for a set of pilot CSOEs during the period 2005 to 2020 from the State-owned Assets Supervision and Administration Commission (SASAC) website by hand. We use a generalized difference-in-difference (DID) design to test the effect of staggered board reform adoption on managerial risk-taking incentive provision.
Findings
We find a positive relationship between board reforms and risk-taking inventive provision, i.e. pay-performance sensitivity, promotion-performance sensitivity and performance target difficulty. The documented relationship is stronger when the value of risk-taking is higher. We also find that board reforms lead to greater risky but value-enhancing investments and that managerial risk-taking incentive provision acts as an important channel through which board reforms improve value-enhancing risk-taking.
Originality/value
Our findings suggest that board reforms that improve board governance are effective in addressing risk-related agency conflicts in emerging markets. The findings also highlight the importance of managerial risk-taking incentive provision in inducing risky but value-enhancing investments.
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Chunyan Yu and Li Zou
This chapter investigates the effects of economic development, FDI, trade barriers, product characteristics, and air transport network connectivity on both air trade and air cargo…
Abstract
This chapter investigates the effects of economic development, FDI, trade barriers, product characteristics, and air transport network connectivity on both air trade and air cargo demand. The analysis applies gravity model and estimates the air trade and air cargo demand models using seemingly unrelated regressions based on data for the air cargo markets between the United States and its top 61 trading partner countries during the 2004–2019 period. By developing and incorporating “investment distance” as a determining factor in the estimation of air trade, our study fills the gap in literature and sheds light on the importance of air cargo transport in enabling and facilitating the rapid growth of global value chains in recent decades. The results suggest that higher level of FDI between the US and its trading partner countries helps stimulate air trade. Moreover, we also develop several network centrality metrics and examine their relationship with regional air connectivity, which in turn has a positive impact on air cargo traffic. Further analysis using Granger causality tests provides strong evidence supporting the importance of air cargo services as an engine for economic growth and international trade in a dynamic global economic landscape.
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There is coupling between the branches of mobile parallel robots, similar to traditional parallel mechanisms, but there is currently relatively little research on the coupling…
Abstract
Purpose
There is coupling between the branches of mobile parallel robots, similar to traditional parallel mechanisms, but there is currently relatively little research on the coupling problem between the branches of mobile parallel robots.
Design/methodology/approach
This study optimizes the coupling analysis method of traditional parallel mechanisms, treats the mobile parallel mechanism as a whole, takes the motion of the active pair as input and the overall motion of the mobile parallel mechanism as output and analyzes the input–output characteristics of the mobile parallel mechanism. Moreover, this study applies this theory to a mobile parallel mechanism, designs control logic and finally conducts simulation and physical verification.
Findings
This study proposes a coupling analysis method suitable for parallel mobile robots and designs the control logic of their active pair based on the results of their coupling analysis. This study designs a multimode variable coupling parallel mobile robot, which can change the coupling of the mechanism by changing its own branch chain structure, so that it can switch between different coupling configurations to meet the different needs brought by different terrains.
Originality/value
The work presented in this paper propose a method for analyzing the coupling of mobile parallel robots and simplify their control logic by applying coupling theory to the design of mobile parallel robots. This study conducts simulation and physical experiments, thereby filling the gap in the coupling analysis of parallel mobile robots and laying the foundation for the research of uncoupled parallel mobile robots.
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Chunyan Nie and Tao Wang
The purpose of this paper is to examine the effect of the interpretation strategy of cultural mixing on consumers’ evaluations of global brands that incorporate local cultural…
Abstract
Purpose
The purpose of this paper is to examine the effect of the interpretation strategy of cultural mixing on consumers’ evaluations of global brands that incorporate local cultural elements. Specifically, this paper examines whether a property interpretation and a relational interpretation have different influences on consumers’ evaluations of global brands that incorporate local cultural elements.
Design/methodology/approach
Two experiments were conducted as part of this research. Experiment 1 adopted a two (interpretation strategy: property interpretation vs relational interpretation) single-factor between-subjects design. Experiment 2 adopted a 2 (interpretation strategy: property interpretation vs relational interpretation) × 2 (polyculturalist beliefs: high vs low) between-subjects design. The data were analyzed using ANOVA and PROCESS 213.
Findings
A property interpretation (emphasizing that some features of a global brand transfer to local cultural elements) leads to a less favorable evaluation of global brands that incorporate local cultural elements than a relational interpretation (emphasizing a relation between global brands and local cultural elements). This effect is fully mediated by perceived cultural intrusion, and it exists only when consumers have a low level of polyculturalist beliefs.
Originality/value
This paper reveals that the phenomenon of cultural mixing occurs when global brands incorporate local cultural elements. In addition, the way that consumers perceive the relationship between global brands and local cultural elements will determine their reactions to global brands that incorporate local cultural elements.
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May El Barachi, Roch H. Glitho and Rachida Dssouli
Applications offered to end‐users as value‐added services play a vital role in the success of Internet telephony service providers. Today’s standard frameworks for developing them…
Abstract
Applications offered to end‐users as value‐added services play a vital role in the success of Internet telephony service providers. Today’s standard frameworks for developing them have several shortcomings that motivate the need for novel frameworks. Web services are an emerging paradigm for program‐to‐program interactions over the Internet. This paradigm is a prime candidate for application development in Internet Telephony because it may aid in addressing the drawbacks of today’s standard frameworks. This paper presents a case study that gives insights in the suitability of Web services as a standard framework for the development of conferencing applications in Internet Telephony. The case study includes the definition and the implementation of a novel Web service for conferencing, the implementation of the conference server in a SIP environment, the development of several conferencing applications (including a game), and performance evaluation. Based on this case study, we conclude that Web services are very promising for conferencing application development in Internet Telephony, especially as the performance can be significantly improved with the emerging techniques that are briefly discussed in the paper.
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Chunyan Du, Yacheng Xiao and Weiyin Lv
The purpose of this paper is to exhibit performance evaluation research science and technology (S&T) policy in strengthening economic growth of Chongqing. Chongqing is the only…
Abstract
Purpose
The purpose of this paper is to exhibit performance evaluation research science and technology (S&T) policy in strengthening economic growth of Chongqing. Chongqing is the only one municipality in western China, and its S&T development absolutely will affect other fields to carry on in the whole nation. This research will offer a framework of S&T policy performance evaluation for the strategic management of S&T policy in Chongqing.
Design/methodology/approach
This paper uses data envelopment analysis (DEA) and grey relational analysis (GRA) to measure up S&T policy performance evaluation in Chongqing based on data from 2007 to 2012.
Findings
The key finding is that only S&T policy DEA value in 2008 is invalid, and four input factors and six output factors strongly relate to S&T efficiency.
Practical implications
Policy makers should focus on S&T policy performance and evaluate it with the scientific method to stimulate S&T's healthy development.
Originality/value
The paper gives an insight into the perspectives of input–output of S&T efficiency in Chongqing and forms an evaluation system which will benefit policy formulation and implement in the future.