Liping Li, Chuan Chen, Igor Martek and Guanghua Li
Given their interrelationship, international market selection (IMS) and entry mode selection (EMS) must be considered jointly if an optimal entry strategy is to be realized…
Abstract
Purpose
Given their interrelationship, international market selection (IMS) and entry mode selection (EMS) must be considered jointly if an optimal entry strategy is to be realized. However, researchers in the field of international construction have the tendency to consider IMS and EMS independently or sequentially. Therefore, this paper aims to explore a holistic framework that can accommodate IMS and EMS concurrently and test it using empirical data.
Design/methodology/approach
his study includes theoretical and empirical research. In theoretical part, an integrated decision model of IMS and EMS is proposed adopting literature review and theoretical derivation, then hypotheses are developed for the impact of decision-making factors. In the latter part, the IMS and EMS of 54 Chinese contractors in 67 countries were investigated, empirical data are collected according to hypotheses, an ordinal logistic regression model is established for statistics analysis. Finally, findings are drawn by comparing literature-based hypotheses with data-based analysis results.
Findings
Results show that empirical data fit theoretical model well. Findings are: IMS and EMS can be integrated into a holistic decision-making framework when be properly sequenced. When IMS and EMS are determined simultaneously, the decision can benefit from a sharing of common information. And the roles of at least 13 common factors are empirically demonstrated in this study.
Research limitations/implications
The integrated decision sequence proposed in this study is applicable for a specific market, and cannot compare multiple alternative markets directly. The decision-making factors identified in this paper do not cover the enterprise strategic objectives and some other factors. Empirical data and some theoretical assumptions are based on the international market entry strategy of Chinese contractors. Therefore, the conclusions may not be completely applicable to global contractors though have certain reference value.
Originality/value
Based on the idea of holistic decision-making of IMS and EMS, this study proposes an international market entry strategy (IMES) sequence and an explicit model for determinants, then tests them with empirical data. This paper provides a new idea to manage IMS and EMS concurrently, which can improve the efficiency of IMES decision-making and avoid missing optimal alternatives. This study paves the way for a practical model and provides reference for contractors' international market entry strategy.
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Guanghua Li, Chuan Chen, Guomin Zhang and Igor Martek
Factors affecting bid/no-bid decisions of international projects are more complex than those of domestic projects. The purpose of this paper is to identify and rank decision…
Abstract
Purpose
Factors affecting bid/no-bid decisions of international projects are more complex than those of domestic projects. The purpose of this paper is to identify and rank decision factors considered by variously sized Chinese international contractors (CICs) and categorize those groups of factors important to experienced practitioners.
Design/methodology/approach
The analysis of factors identified by a literature review is conducted based on data derived from questionnaire results received from 119 CIC project and bidding managers. The relative importance of factors is measured by mean value and standard deviation. The discrepancy in rank and importance value perceived by variously sized CICs are explored by ranking disparity analysis, non-parametric test and Spearman’s rank correlation coefficient test. Finally, factor analysis is used to categorize the underlying groups of factors considered by CICs.
Findings
In sum, 41 factors are identified through the literature review as having an impact on the bid decision. Significant disparities in ranking and importance are found in several factors, which partially affect the consistency of the ranking of factors perceived between large and small-medium CICs. Ultimately, nine major factors are identified as impacting the bidding decision, with “contractor’s capability” and “country risk of the host country,” being the most important.
Research limitations/implications
The weight of a factor considered in a decision varies across contractors as a function of contractor size. Whether using models or subjective judgment in making decisions, it is beneficial to fully understand the main groups of factors influencing the decision. Vulnerability to country risk emerges as the first criterion accessed in the bid decision.
Originality/value
A comprehensive set of factors is established for CICs, including both general factors common to domestic projects, and international factors unique to international projects. All factors are grouped by inferential analysis from the perspective of contractors, which reveals the underlying mechanism of the bid decision-making process. While the data were collected from CICs, the methodology in exploring factors, along with implications, is determined to be applicable internationally.
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The paper aims to explore how the undue state control leads to the weak stock market in China. It analyzes how the undue state control is exerted in some key areas in the Chinese…
Abstract
Purpose
The paper aims to explore how the undue state control leads to the weak stock market in China. It analyzes how the undue state control is exerted in some key areas in the Chinese stock market. This paper intends to expand the existing literature in the relationships among law, politics, and economy.
Design/methodology/approach
This paper mainly adopts the exploratory method to analyze the undue state influences. Under some circumstances, comparative study and historical explanation are also adopted.
Findings
The paper suggests that to create a strong stock market and facilitate the development of the listed companies and the whole economy, the state should first release its control on the stock market.
Research limitations/implications
Various fields are contained in a stock market, in most of which the undue state control can be observed. In this paper, only some key ones are explored. Further research on other fields and if possible more first‐hand data are necessary.
Practical implications
This paper not only offers an answer to concerns on the various misconducts in the inefficient Chinese stock market and helps to realize the possible ways out of such dilemma, but also it offers implications for other emerging economies.
Originality/value
The on‐going debate on the role of common‐law versus civil‐law system in the capital market may have ignored the state involvement. This paper indicates that it is the undue state control rather than the legal system that leads to the weak stock market in China.
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Wanxing Jiang, Ji Li, Haifeng Yan, Hao Li and Mengyuan Chen
The purpose of this paper is to investigate whether, when and how customer orientation may contribute to success in introduction of new products (SINP).
Abstract
Purpose
The purpose of this paper is to investigate whether, when and how customer orientation may contribute to success in introduction of new products (SINP).
Design/methodology/approach
With a multi-phase and multi-source data collection approach, this study tested the proposed theoretical model by applying multiple regression with SPSS Process Macro.
Findings
Customer orientation positively influences cross-functional integration (CFI), which in turn facilitates SINP; a firm’s new product introduction (NPI) strategy moderates customer orientation–CFI link.
Originality/value
This study empirically tests whether, why and when customer orientation may contribute to SINP. By suggesting the important role of customer orientation in improving SINP, the mediating effect of CFI and the moderating effect of NPI strategy, the current study should enrich the extant literature on customer orientation, CFI and NPI.
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Jingrong Li, Zhijia Xu, Qinghui Wang, Guanghua Hu and Yingjun Wang
The three-dimensional porous scaffold is an important concept in tissue engineering and helps to restore or regenerate a damaged tissue. Additive manufacturing (AM) technology…
Abstract
Purpose
The three-dimensional porous scaffold is an important concept in tissue engineering and helps to restore or regenerate a damaged tissue. Additive manufacturing (AM) technology makes the production of custom-designed scaffolds possible. However, modeling scaffolds with intricate architecture and customized pore size and spatial distribution presents a challenge. This paper aims to achieve coupling control of pore size and spatial distribution in bone scaffolds for AM.
Design/methodology/approach
First, the proposed method assumes that pore size and spatial distribution have already been transformed from the requirements of scaffolds as inputs. Second, the structural characteristics of scaffolds are explicitly correlated with an all-hexahedron meshing method for scaffold design so that the average pore size could be controlled. Third, the highly coupled internal mesh vertices are adjusted based on a random strategy so that the pore size and spatial distribution conform to their respective desired values. Fourth, after the adjustment, the unit pore cell based on a triply periodic minimal surface was mapped into the hexahedrons through a shape function, thereby ensuring the interconnectivity of the porous scaffold.
Findings
The case studies of three bone scaffolds demonstrate that the proposed approach is feasible and effective to simultaneously control pore size and spatial distribution in porous scaffolds.
Practical implications
The proposed method may make it more flexible to design scaffolds with controllable internal pore architecture for AM.
Originality/value
In the control approach, the highly coupled mesh vertices are adjusted through a random strategy, which can determine the moving direction and range of a vertex dynamically and biasedly, thus ensuring the feasibility and efficiency of the proposed method.
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Shudong Zhou, Wenkui Zhou, Guanghua Lin, Jing Chen, Tong Jiang and Man Li
The purpose of this paper is to examine the impacts of future climate change and the corresponding adaptation activities on grain production and its regional distribution in China.
Abstract
Purpose
The purpose of this paper is to examine the impacts of future climate change and the corresponding adaptation activities on grain production and its regional distribution in China.
Design/methodology/approach
This paper applied the Chinese Agricultural Policy Analysis model, in combination with the findings from agronomic literature with highly detailed agricultural census data, to conduct equilibrium analysis under alternative impact (seasonal drought and climate warming) scenarios and adaptation scenarios (promoting water-saving irrigation, introducing new varieties, and the integrated) associated with climate change.
Findings
Simulation results indicate that climate change-induced seasonal drought and the resulting yield reduction will incur substantial losses to China’s grain production (by ~8 percent at a national scale). The application of water saving techniques can be an effective solution to seasonal drought. Introducing new varieties will increase the combination of promoting water-saving irrigation and new variety adoption will increase combination of promoting water-saving irrigation and new variety adoption constitute an effective approach to offsetting the negative effects of climate change on grain production.
Research limitations/implications
Simulation results indicate that climate change-induced seasonal drought and the resulting sown area reduction will incur substantial losses to China’s grain production by approximately 8 percent, despite farmers’ adaptation activities of switching from water use-intensive crops to drought-tolerant crops to mitigate this negative effect. The application of water saving techniques is an effective solution to seasonal drought; it can lead to a nationwide increase in the sown area by 3.48 percent and in the grain production by 4.15 percent. Introducing new varieties will increase grain outputs and change the spatial distribution of crop production across the country. The combination of promoting water-saving irrigation and new variety adoption will increase the national grain production by 19.6 percent, and thus constitute an effective approach to offsetting the negative effects of climate change on grain production.
Originality/value
Results from this study provide practical implications formulate strategies in response to climate change. Central government should reinforce the policies such as new varieties promotion and improve the subsidy method to guide the introduction of new varieties.
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Lunyan Wang, Mengyu Tao, Xiaowei An, Guanghua Dong, Yehui Huang and Haoyu Wang
The operation of water environment treatment Public-Private Partnership projects (WETP-PPP) is crucial to the project effectiveness. However, there are often problems in projects…
Abstract
Purpose
The operation of water environment treatment Public-Private Partnership projects (WETP-PPP) is crucial to the project effectiveness. However, there are often problems in projects that attach importance to construction and neglect operation management, which seriously affect the project operation effect. To ensure the good operation effect of the WETP-PPP, an evolutionary game model of the regulation strategy during the operation period of WETP-PPP is constructed.
Design/methodology/approach
An evolutionary game model of regulation is established which considers the government, the project company and the public in water environment treatment Public-Private Partnership projects (WETP-PPP). Five scenarios of equilibriums and the game's evolutionary stable strategies are analyzed, and the corresponding stability conditions are then obtained. Finally, through the simulation, the influence of different factors on the choice of the three-party strategy is analyzed.
Findings
First, the key factors that affect the evolution game are the regulation costs and performance rewards of the government, the project company's operation costs and penalties for opportunism and the public supervision costs and rewards. Second, in order to ensure the operation effect, the government needs the performance incentive from the superior government. Third, the public's supervision enthusiasm needs to be mobilized by the government. Last, the penalty strength of speculative operation should be strong enough to play a deterrent role.
Research limitations/implications
The theoretical research in this paper has some limitations. Initially, due to the large number of participants in WETP-PPP, in addition to the government department, the project company and the public studied in this paper, it also involves the consulting industry and financial institutions. In the future, more participants can be added to form four-party interest relationships and conduct four-party evolutionary game research. Second, the operation environment of WETP-PPP is complex and changeable, and various influencing factors are intertwined, the number of parameters involved in this paper is limited, and further detailed research is needed in the future.
Practical implications
Based on the evolutionary game theory, this article discusses the evolution law of the tripartite game behavior of the government department, the project company and the public, which is helpful to clarify the strategy evolution path of the tripartite in the WETP-PPP, and the generation condition and evolution mechanism of the equilibrium strategy of the tripartite game. The key parameters affecting the tripartite strategy selection are analyzed through simulation, which can provide reference for the government department to formulate relevant measures. At the same time, it broadens the application field of evolutionary games and supplements the research on the management mechanism of WETP-PPP during the operation period.
Social implications
Based on the evolutionary game theory, this paper introduces the supervision behavior of the public, which can provide a new perspective for researchers to conduct relevant research. Secondly, for the regulation during the operation of WETP-PPP, this paper can provide reference for the government department to establish a scientific public supervision system, improve the government supervision mechanism and other relevant measures, which can help promote the public supervision willingness, improve the regulation efficiency of the government and guide the project company to reduce speculation, so as to ensure the effect of water environment management.
Originality/value
This paper focuses on the regulation of WETP-PPP during the operation period to research interactions among the government, the project company and the public. Based on the analysis of the evolutionary game, some suggestions are put forward, such as perfecting the government regulation mechanism, optimizing the reward and punishment system for the project company and broadening the channels of public supervision. The research results of this paper can provide support for the government's regulation of WETP-PPP and ensure the project operation effect.
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Huimin Li, Limin Su, Jian Zuo, Xiaowei An, Guanghua Dong, Lunyan Wang and Chengyi Zhang
Unbalanced bidding can seriously imposed the government from obtaining the best value for the taxpayers' money in public procurement since it increases the owner's cost and…
Abstract
Purpose
Unbalanced bidding can seriously imposed the government from obtaining the best value for the taxpayers' money in public procurement since it increases the owner's cost and decreases the fairness of the competitive bidding process. How to detect an unbalanced bid is a challenging task faced by theoretical researchers and practical actors. This study aims to develop an identification method of unbalanced bidding in the construction industry.
Design/methodology/approach
The identification of unbalanced bidding is considered as a multi-criteria decision-making (MCDM) problem. A data-driven unit price database from the historical bidding document is built to present the reference unit prices as benchmarks. According to the proposed extended TOPSIS method, the data-driven unit price is chosen as the positive ideal solution, and the unit price that has the furthest absolute distance measure as the negative ideal solution. The concept of relative distance is introduced to measure the distances between positive and negative ideal solutions and each bidding unit price. The unbalanced bidding degree is ranked by means of relative distance.
Findings
The proposed model can be used for the quantitative evaluation of unbalanced bidding from a decision-making perspective. The identification process is developed according to the decision-making process. The finding shows that the model will support owners to efficiently and effectively identify unbalanced bidding in the bid evaluation stage.
Originality/value
The data-driven reference unit prices improve the accuracy of the benchmark to evaluate the unbalanced bidding. The extended TOPSIS model is applied to identify unbalanced bidding; the owners can undertake objective decision-making to identify and prevent unbalanced bidding at the stage of procurement.
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Lucy Sojung Lee and Weiguo Zhong
This paper aims to investigate the importance and prevalence of Guanxi in business interactions in network-based societies such as China, few studies have the phenomenon from a…
Abstract
Purpose
This paper aims to investigate the importance and prevalence of Guanxi in business interactions in network-based societies such as China, few studies have the phenomenon from a dyadic view. In a business dyad, one partner may not value Guanxi and take it as a template for actions as the other does.
Design/methodology/approach
The authors propose that such collective and asymmetric Guanxi orientation influence both the creation and distribution of relational rent in a Guanxi dyad. Furthermore, relationship-specific investments (RSIs) moderate the relationship between dyadic Guanxi orientation and relational rent creation and distribution.
Findings
Based on a matched sample of supplier-buyer dyads in China, the authors find that joint Guanxi orientation is positively related to joint pie creation, whereas Guanxi orientation imbalance has a positive effect on the pie distribution imbalance.
Originality/value
These results contribute to the literature by revealing how dyadic Guanxi dynamics and practices affect dyadic performance and providing managers with meaningful implications for dyadic Guanxi management.
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Shanghao Song, Xiaoxuan Chen, Xinfeng Xu, Wendi Jiang, Wenzhou Wang and Yunsheng Shi
Based on upper echelons theory, this paper aims to explore the mixed impacts of chief executive officer (CEO) Machiavellianism on new venture performance. At the same time, this…
Abstract
Purpose
Based on upper echelons theory, this paper aims to explore the mixed impacts of chief executive officer (CEO) Machiavellianism on new venture performance. At the same time, this paper tests the mediating and suppression effect of top management team (TMT) collective organizational engagement, and the moderating effect of entrepreneurial orientation.
Design/methodology/approach
The authors conducted a three-wave survey of a sample of 1,550 enterprises established within three years, finally retained the full sample of 216 companies (216 CEOs, 733 vice presidents) with complete responses in all surveys. By using SPSS 26.0 and Amos 26.0 software to conduct data analysis, the authors empirically tested the hypothesized relationships.
Findings
Regression results show that CEO Machiavellianism negatively affects new venture performance through TMT collective organizational engagement, whereas there is a direct positive relationship between CEO Machiavellianism and new venture performance when TMT collective organizational engagement is controlled for. In addition, entrepreneurial orientation plays a boundary role in this mechanism, which can weaken the negative effect of CEO Machiavellianism on TMT collective organizational engagement.
Originality/value
By expanding the application contexts of the upper echelons theory, this paper enriches the research on Machiavellianism in the organizational research and further clarified the simultaneous positive and negative effects of CEO Machiavellianism on new venture performance.