Ruonan Liu, Yuhui Yue, Dongling Miao and Baodong Cheng
This article will select 25 years of subdivided data to perform Kaplan–Meier survival analysis on the export trade relations of Chinese wooden flooring, use discrete-time cloglog…
Abstract
Purpose
This article will select 25 years of subdivided data to perform Kaplan–Meier survival analysis on the export trade relations of Chinese wooden flooring, use discrete-time cloglog models to analyze influencing factors, use logit and probit models to test the robustness, and try to systematically reveal the duration of China's wood flooring export trade and its influencing factors.
Design/methodology/approach
This study used Kaplan–Meier survival function estimation method. In the survival analysis, survival function and hazard rate function are often used to characterize the distribution of survival time.
Findings
The continuous average export time of China's wooden flooring is relatively long, about 14 years. China's wooden flooring has a negative time dependency. After the export trade exceeds the threshold value of 15 years, the failure rate of trade greatly decreases, which has a “threshold effect.” Gravity model variables have a significant impact on the duration of China's wooden floor export.
Originality/value
Studying the duration of forest products trade is of great significance for clearing deep-level trade relations and promoting sustainable development of forest products trade.
Details
Keywords
The purpose of this paper is to investigate how to determine optimal investing stopping time in a stochastic environment, such as with stochastic returns, stochastic interest rate…
Abstract
Purpose
The purpose of this paper is to investigate how to determine optimal investing stopping time in a stochastic environment, such as with stochastic returns, stochastic interest rate and stochastic expected growth rate.
Design/methodology/approach
Transformation method was used for solving optimal stopping problem by providing a way to transform path‐dependent problem into a path‐independent one. Based on option pricing theory, optimal investing stopping time was thought of as an optimal executed timing problem of American‐style option.
Findings
First, the authors transform a path‐dependent stop timing problem to a path‐independent one with transformation under very general conditions, to directly use the existing conclusion of optimal stopping time literature. Second, when dynamics of capital growth is homogeneous, the authors changed the two dimensional optimal stop timing problem into a single dimension problem based on the assumption of zero exercise costs. Third, the authors investigated the comparative dynamics about asset selling boundary on asset value, state variable and return predictability. With constant discount rate and growth rate, the optimal selling timing depends on the simple comparison between capital cost and growth rate.
Originality/value
The paper's contributions to analysis method may be as follows. The authors demonstrate how to transform a path‐dependent stopping problem into a path‐independent one under general conditions. The transform method in this article can be applied to other path‐dependent optimal stopping problems. In particular, a Riccati ordinary differential equation for the transformation is set up. In most examples commonly met in finance, the equation can be solved explicitly.
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Yilin Zhang, Dongling Cai, Fansheng Jia and Guangzhong Li
This paper aims to mainly investigate the role of trust, which is an important informal system, in executive compensation incentives.
Abstract
Purpose
This paper aims to mainly investigate the role of trust, which is an important informal system, in executive compensation incentives.
Design/methodology/approach
Using the data of Chinese A-share private enterprises from 2003 to 2014, the paper estimates the effect that trust has on executive compensation incentives.
Findings
Results indicate that trust can significantly enhance the effectiveness of executive compensation incentives. Furthermore, the better the regional trust environment in which companies are located, the more pronounced the effect is. In particular, the effect of trust on executive compensation incentives is only significant when the formal legal system is immature. As companies continue to grow and develop and the formal system becomes perfect, the role of trust weakens. The formal system, including the corporate governance mechanism and perfect legislation, then becomes the key to promoting executive compensation incentives.
Practical implications
This paper provides evidence of the significance of both informal and formal systems. It not only emphasises the important role that the informal system has played in “the mystery of China’s economic growth” but also supports the “ruling the country by law” strategy for the sustainable development of China’s economy.
Originality/value
This paper reveals the relationship between the formal and informal systems, which provides a new perspective on and empirical evidence for the determinants of executive compensation incentives, and it also finds an explanation for the rapid growth of China’s economic development.
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Heping He, Yanni Liu and Zhimin Zhou
With the rapid development of social media in the past few years, some dark aspects of usage have appeared, e.g., Weibo addiction. Therefore, the purpose of this paper is to…
Abstract
Purpose
With the rapid development of social media in the past few years, some dark aspects of usage have appeared, e.g., Weibo addiction. Therefore, the purpose of this paper is to address the question of how Weibo keeps users hooked.
Design/methodology/approach
The study utilizes the netnography method to explore the symptoms of Weibo addiction and how it is formed.
Findings
First, some Weibo users have typical symptoms of addictive behavior, such as withdrawal, loss of control and general living problems; second, narcissism plays an important role in the process of Weibo addiction and has a stronger effect on content generation than content consumption; third, some users use Weibo as a means to alleviate anxiety, but they can then become more anxious owing to addiction; and fourth, the effect of comments has two sides – on the one hand, comments are one kind of feedback to posts, satisfying posters’ social needs, while on the other hand, a storytelling system consists of one post and its comments, upon which some Weibo users become more dependent.
Research limitations/implications
This research is only a preliminary, exploratory study. Therefore, care should be taken when interpreting these findings.
Practical implications
This study should help social media service providers and users to pay attention to the risk of social media addiction. Social media service providers should take social responsibility, design more user-oriented guidelines for marketing ethics and launch more responsible marketing activities. Users should enhance self-control and better balance social media use and offline real life.
Originality/value
Netnography has not been widely used as an addictive behavior research technique. This study is further bolstered because it has also noticed the difference of addiction mechanisms between addictive micro-bloggers and their followers.
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Bruno Lot Tanko, Emmanuel A. Essah, Olakunle Elijah, Wyom Paul Zakka and Mustafa Klufallah
The Internet of Things has made the shift to the digital era possible, even though the Architecture, Engineering and Construction (AEC) sector has not embraced nor integrated it…
Abstract
Purpose
The Internet of Things has made the shift to the digital era possible, even though the Architecture, Engineering and Construction (AEC) sector has not embraced nor integrated it within the core functions compared to other sectors. The need to enhance sustainable construction with the adoption of Internet of Things in this sector cannot be overemphasized. However, the real-world applications of Internet of Things in smart buildings remain relatively unexplored in the AEC sector due to several issues related to deployment and energy-saving potentials. Given these challenges, this paper proposes to identify the present state of development and research in Internet of Things and smart buildings, identify Internet of Things clusters and applications in smart buildings.
Design/methodology/approach
Bibliometric analyses of papers from 2010 to 2023 using the Scopus database and scientometric evaluations using the VosViewer software were undertaken. The proper search keyword was identified by using the phrases “ Internet of Things” and “Smart Building”. A total of 1158 documents in all, written by 3540 different writers, representing 2285 different institutions from 97 different countries were looked at. A metasynthesis was conducted and a system of Internet of Things applications in a smart building is illustrated.
Findings
The development of IoT and Smart Buildings is done in two phases: initiation (2010–2012) and development phase (2013–2023). The IoT clusters comprised Internet of things, energy efficiency, intelligent buildings, smart buildings and automation; while the most commonly used applications were analysed and established. The study also determined the productive journals, documents, authors and countries.
Research limitations/implications
Documents published in the Scopus database from 2010 to 2023 were considered for the bibliometric analysis. Journal articles, conference papers, reviews, books and book chapters written in English language represent the inclusion criteria, while articles in press, conference reviews, letters, editorials, undefined sources and all medical and health publications were excluded.
Practical implications
The results of this study will be used by construction stakeholders and policymakers to identify key themes and applications in IoT-enabled smart buildings and to guide future research in the policymaking process of asset management.
Originality/value
The study utilised bibliometric analysis, scientometrics and metasynthesis to investigate Internet of things applications in smart buildings. The study identified Internet of things clusters and applications for smart building design and construction.