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Article
Publication date: 27 May 2014

Haowen Chen, Heng Liu and Han Cheung

This study aims to investigate the relationships between radical innovation, market forces and political/business relationships in China by combining social capital theory and…

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Abstract

Purpose

This study aims to investigate the relationships between radical innovation, market forces and political/business relationships in China by combining social capital theory and contingent theory. The paper focuses on how two types of managerial ties (i.e. business and political ties) impact firms’ capacity for radical innovation. It also examines the different moderating effects of market forces (i.e. demand uncertainty, technological turbulence and competitive intensity) on the linkage of managerial ties with radical innovation in the Chinese transitional context.

Design/methodology/approach

A systematic literature review on managerial ties, radical innovation and market forces in emerging markets provides the theoretical foundation of our conceptual model and hypothesis. Using a survey sample of 119 Chinese firms, the authors conduct a regression analysis on the theoretical model and hypotheses.

Findings

The results show that business ties have an inverted U-shape effect on radical innovation, while political ties have a positive impact on radical innovation. Furthermore, the market forces in transitional economies (i.e. demand uncertainty, technological turbulence and competitive intensity) have different moderating effects on the relationships between two types of managerial ties and Chinese firms’ radical innovation.

Research limitations/implications

This study adopts its data set from the Chinese context. It would be necessary to replicate this research in other transitional economies because of specific differences between China and other transitional economies.

Practical implications

Findings from our study indicate that firms which wish to succeed in radical innovation may need to adapt their tie-based strategies according to different market settings.

Originality/value

The paper is original in its comparative investigation of the effect of business ties and political ties on radical innovation in contingent transitional market environments using a combination of social capital and contingent theories.

Details

Chinese Management Studies, vol. 8 no. 2
Type: Research Article
ISSN: 1750-614X

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Article
Publication date: 19 March 2021

Changwu Liu, Haowen Wang and Chen Jiang

The paper aims at developing a novel algorithm to estimate high-order derivatives of rotorcraft angular rates to break the contradiction between bandwidth and filtering…

136

Abstract

Purpose

The paper aims at developing a novel algorithm to estimate high-order derivatives of rotorcraft angular rates to break the contradiction between bandwidth and filtering performance because high-order derivatives of angular rates are crucial to rotorcraft control. Traditional causal estimation algorithms such as digital differential filtering or various tracking differentiators cannot balance phase-lead angle loss and high-frequency attenuation performance of the estimated differentials under the circumstance of strong vibration from the rotor system and the rather low update rate of angular rates.

Design/methodology/approach

The algorithm, capable of estimating angular rate derivatives to maximal second order, fuses multiple attitude signal sources through a first-proposed randomized angular motion maneuvering model independent of platform dynamics with observations generated by cascaded tracking differentiators.

Findings

The maneuvering flight test on 5-kg-level helicopter and the ferry flight test on 230-kg-level helicopter prove such algorithm is feasible to generate higher signal to noise ratio derivative estimation of angular rates than traditional differentiators in regular flight states with enough bandwidth for flight control.

Research limitations/implications

The decrease of update rate of input attitude signals will weaken the bandwidth performance of the algorithm and higher sampling rate setting is recommended.

Practical implications

Rotorcraft flight control researchers and engineers would benefit from the estimation method when implementing flight control laws requiring angular rate derivatives.

Originality/value

A purely kinematic randomized angular motion model for flight vehicle is first established, combining rigid-body Euler kinematics. Such fusion algorithm with observations generated by cascaded tracking differentiators to estimate angular rate derivatives is first proposed, realized and flight tested.

Details

Aircraft Engineering and Aerospace Technology, vol. 93 no. 2
Type: Research Article
ISSN: 1748-8842

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Article
Publication date: 24 March 2022

Zelin Tong, Fang Ma, Haowen Xiao, Perry Haan and Wenting Feng

The purpose of this research is to explore how experienced scarcity affects home country consumers' attitudes toward the firm engaging in cross-border philanthropy by analyzing…

487

Abstract

Purpose

The purpose of this research is to explore how experienced scarcity affects home country consumers' attitudes toward the firm engaging in cross-border philanthropy by analyzing perceived distributive justice as a mediating variable. This research also investigates the moderating factor of this effect to identify practical strategies for managers.

Design/methodology/approach

This research conducted one survey (Study 1) and three experiments (Studies 2–4) by manipulating scarcity to provide robust evidence for the influence of experienced scarcity on consumer perception of the company conducting cross-border philanthropy.

Findings

This paper provides empirical insights about the significant negative effect of experienced scarcity on consumer attitudes toward the firm engaging in cross-border philanthropy. It proposes that home country consumers with high versus low experienced scarcity show lower perceived distributive justice for cross-border philanthropy, which generates less favorable attitudes toward the firm. To alleviate the negative impact of experienced scarcity on consumers' perceptions of corporate reputation, providing donation amount comparisons between home and foreign countries has a significant moderating effect.

Practical implications

This paper provides several suggestions for marketers seeking cross-border philanthropy to improve consumers' attitudes toward the firm.

Originality/value

This paper enriches the literature on corporate social responsibility in the domain of cross-border philanthropy and explains contradictory findings on consumers' attitudes toward corporate cross-border philanthropy. Moreover, this study makes meaningful contributions to the scarcity and justice literature.

Details

International Marketing Review, vol. 39 no. 4
Type: Research Article
ISSN: 0265-1335

Keywords

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Article
Publication date: 18 October 2024

Haowen Jia

This study aims to examine the influence of broadband internet on Chinese households’ tourism decisions and spending patterns. It reveals the transformative potential of digital…

65

Abstract

Purpose

This study aims to examine the influence of broadband internet on Chinese households’ tourism decisions and spending patterns. It reveals the transformative potential of digital connectivity in enhancing tourism activity.

Design/methodology/approach

Using a rigorous double/debiased machine learning-based difference-in-difference (DMLDiD) method and extensive panel data, this research quantitatively analyzes the impact of broadband on household tourism engagement and financial allocations. It incorporates comprehensive robustness checks, including placebo tests and algorithm variations, to ensure the validity of the findings.

Findings

Within households with broadband access, the results indicate a significant increase of 3.54% and 31.24% in tourism participation and tourism-related expenditures, respectively. This study attributes these outcomes to enhanced household incomes, facilitated online transactions and alleviated credit constraints, highlighting notable disparities in impact across urban versus rural settings and among distinct demographic categories. Additionally, the moderating effects of marital status and household size reveal that married households and a greater number of members tend to leverage broadband access more effectively for making tourism-related decisions and expenditures.

Originality/value

By pioneering the application of the DMLDiD approach to examine household financial behaviors toward tourism, this study contributes novel insights to the economic discourse on the role of digital infrastructure in tourism development. It offers empirical evidence and strategic implications for policymakers and industry professionals who seek to leverage digital connectivity to enhance tourism.

研究目的

本研究探讨了宽带互联网对中国家庭旅游决策及消费模式的影响, 旨在揭示数字连接在促进旅游活动方面的转型潜力。

研究方法

本研究采用严格的基于双重/去偏机器学习的差分中差分(DMLDiD)方法, 并利用广泛的面板数据, 定量分析了宽带对家庭旅游参与及资金分配的影响。研究还进行了全面的稳健性检验, 包括安慰剂测试和算法变异, 以确保结果的有效性。

研究发现

在拥有宽带接入的家庭中, 结果显示旅游参与率和旅游相关支出分别显著增加了3.54%和31.24%。本研究将这些结果归因于家庭收入的增加、在线交易的便利性以及信贷约束的缓解, 且在城乡和不同人口类别之间的影响存在显著差异。此外, 婚姻状况和家庭规模的调节效应表明, 已婚家庭和成员较多的家庭在利用宽带做出旅游相关决策和支出时更为有效。

研究创新

本研究首次应用DMLDiD方法探讨家庭在旅游方面的财务行为, 为数字基础设施在旅游发展中的作用提供了新颖的见解。研究为政策制定者和行业专业人士提供了实证依据和战略启示, 帮助他们利用数字连接促进旅游业发展。

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Article
Publication date: 6 January 2023

Haowen Luo, Steven A. Hanke and Hui Hanke

This paper aims to examine the customer-based and supplier-based trade credit gaps for USA firms from 1970 to 2020.

133

Abstract

Purpose

This paper aims to examine the customer-based and supplier-based trade credit gaps for USA firms from 1970 to 2020.

Design/methodology/approach

The authors' study examines USA companies from 1970 to 2020. The authors begin with an analysis of the trends in aggregate working capital, the capital's components and the trade credit gaps. Various regression models are used to estimate the impacts of identified firm characteristics and unidentified sources on customer-based and supplier-based trade credit gaps over time. The authors then decompose the impacts of firm characteristics to further understand whether changing firm characteristics and/or changing sensitivity to firm characteristics drive the variation in trade credit gaps.

Findings

There is a gradual reduction in the customer-based trade credit gap and a substantial expansion in the supplier-based trade credit gap. Though identified firm characteristics have dominant impacts on observed trade credit gaps, there is evidence of the effects of time and unobservable factors. The main source of changes in customer-based and supplier-based trade credit gaps lies in changes in sensitivity to firm characteristics. In addition, the authors find that firm age is the factor with the largest average effect on both trade credit gaps when examining the full sample period. However, different firm characteristics appear to be the key driver of variations in trade credit gaps over time and across the two types of trade credit gaps. The authors also find that financial distress has the least impact on both customer-based and supplier-based trade gaps. There are variations in the firm characteristics with the largest impacts when evaluating decade-long evaluation periods.

Originality/value

To the authors' knowledge, this is the first paper to examine the customer-based and supplier-based trade credit gaps. The connection between trade credit and the trade credit's corresponding inventory (INV) component extends prior literature on the joint management of trade credit and INV. The authors analyze both identified firm characteristics and unidentified sources in the search for explanations of the trade credit gaps. Furthermore, the authors' study explores the channels through which firm characteristics affect different types of trade credit gaps. The authors' findings help identify relevant and irrelevant risk factors of corporate working capital policy.

Details

Managerial Finance, vol. 49 no. 8
Type: Research Article
ISSN: 0307-4358

Keywords

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Article
Publication date: 8 February 2022

Haowen Fan and Yulin Zhang

This work aims to examine the quality disclosure strategy of sharing economy platforms with network externality, considering consumer risk aversion.

512

Abstract

Purpose

This work aims to examine the quality disclosure strategy of sharing economy platforms with network externality, considering consumer risk aversion.

Design/methodology/approach

The game theory, sensitive analysis and numerical study are used herein. The equilibria are derived from the game theory. The quality disclosure strategy is analyzed by profit comparison. To further understand the characteristics of the optimal disclosure strategy, sensitive analysis and numerical studies are conducted to detail the analytical results.

Findings

Regardless of market structure, the quality disclosure decision problem is a trade-off between information effect and cost effect. Consumer risk aversion is a factor that can incentivize low-quality platforms to disclose quality. Both consumer risk aversion and network externality influence the quality disclosure strategy through information effect. Interestingly, for different competition intensities, consumer risk aversion and network externality could lead to positive or negative information effects of removing uncertainty. The authors show that under certain conditions, consumer risk aversion and network externality could induce more quality concealment.

Research limitations/implications

The quality is set exogenous herein, and the integrated process of quality investment and information disclosure is an interesting direction for future research.

Practical implications

This work provides managerial insights for sharing economy platforms regarding how to wisely consider consumer risk aversion and network externality when sharing quality information.

Originality/value

This work identifies two effects that determine quality disclosure strategy and specifies the role of each factor on quality disclosure.

Details

Kybernetes, vol. 52 no. 5
Type: Research Article
ISSN: 0368-492X

Keywords

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