Zongming Tang, Ian (Yi) Liu, Yong Lu and Dan Yang
In 2005, China carried out a major reform that allows the previously untradeable shares controlled by large shareholders to become tradable in the secondary market. This reform…
Abstract
Purpose
In 2005, China carried out a major reform that allows the previously untradeable shares controlled by large shareholders to become tradable in the secondary market. This reform and subsequent dramatic change of behavior of controlling shareholders, offer researchers a unique opportunity to study the behavior of controlling shareholders and its implication for corporate governance. Asset injection, by which controlling shareholders sell their high quality assets to the listed companies they controlled, became instantly popular after the reform. The purpose of this paper is to provide strong evidence that such asset injection improves both the Tobin's Q and the composite financial performance score of the injected firm.
Design/methodology/approach
Due to the availability of sample data, this paper focuses on two major types of assets injection: the listed companies purchase the large shareholders' physical assets or equity assets (their shares of other companies) in cash; and the listed companies purchase the large shareholders' physical assets or equity assets through private stock offering, often increasing the share proportion of large shareholders.
Findings
The research findings suggest that this full listing reform aligned the interest of controlling shareholders with the company and that controlling shareholders change their behavior from tunneling to propping.
Originality/value
The contributions of this paper are threefold: First, the paper provides strong evidence of large shareholders' propping behavior. Second, the authors use long‐term corporate financial performance measures to study the impact of asset injection. Third, the authors investigate what types of injections will have a bigger impact on financial performance of the injected firms.
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Yi-Ying Chang, Feng-Yi Chiang, Qilin Hu, Ian Hodgkinson, Paul Hughes and Che-Yuan Chang
Participative leadership's influence on employee task performance has garnered significant attention in a rapidly evolving organizational landscape. This study explores the…
Abstract
Purpose
Participative leadership's influence on employee task performance has garnered significant attention in a rapidly evolving organizational landscape. This study explores the multilevel dynamics of participative leadership congruence between unit managers and direct supervisors and its effects on employee task performance.
Design/methodology/approach
Drawing on two longitudinal studies based on the firms randomly selected from the Taiwan Economic Journal (TEJ) database, the research observes the mediating role of Person-Unit fit and the moderating influence of Unit-Member Exchange in the participative leadership-performance relationship.
Findings
The findings reveal how participative leadership congruence enhances person-unit fit, which in turn benefits employee task performance. Unit-member exchange plays a critical role in augmenting the participative leadership congruence? Person-unit fit? Employee task performance relationship.
Originality/value
The study extends leadership literature by highlighting the significance of leadership alignment across levels and the interplay between psychological and social factors in improving employee performance.
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Abbas J. Ali, Monle Lee, Yi‐Ching Hsieh and Krish Krishnan
Individualism collectivism measures, along with decision styles, are examined in Taiwan. About 600 questionnaires were distributed directly to employees with managerial positions…
Abstract
Individualism collectivism measures, along with decision styles, are examined in Taiwan. About 600 questionnaires were distributed directly to employees with managerial positions in private, public, and mixed enter prises in the capital, Taipei. In general, Taiwanese were found to be more collectivist than individualistic. Participants displayed a strong preference for consultative and participative styles and determined that these two styles were the most effective in practice. Further more, participants indicated that their immediate supervisors were mostly consultative and autocratic.
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Yi-Ying Chang, Ian Hodgkinson, Paul Hughes and Che-Yuan Chang
The purpose of this paper is to examine the role of intermediate knowledge mechanisms on the participative leadership–employee exploratory innovation relationship using a distal…
Abstract
Purpose
The purpose of this paper is to examine the role of intermediate knowledge mechanisms on the participative leadership–employee exploratory innovation relationship using a distal mediation model.
Design/methodology/approach
Deploying a time-lagged questionnaire method implemented over four business quarters, data are generated from 1,600 responses in R&D units of Taiwanese technology firms.
Findings
The structural equation modeling results reveal that participative leadership is positively related to employee exploratory innovation; coworker knowledge and absorptive capacity partially mediate the relationship between participative leadership and employee exploratory innovation independently; and coworker knowledge sharing in combination with absorptive capacity partially mediates this relationship.
Originality/value
The findings contribute new knowledge on the relationship between participative leadership and employee exploratory innovation by uncovering intermediate knowledge mechanisms that augment this relationship.
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Yong Han, Ian Brooks, Nada K. Kakabadse, Zhenglong Peng and Yi Zhu
This paper explores the “Western” concept of psychological capital in the People's Republic of China (PRC) and highlights critical areas of divergence and notable dimensions of…
Abstract
Purpose
This paper explores the “Western” concept of psychological capital in the People's Republic of China (PRC) and highlights critical areas of divergence and notable dimensions of similarity.
Design/methodology/approach
This is an empirical study conducted in a wide range of Chinese organisational forms, employing an inductive approach based on critical incident technique.
Findings
This research showed that the concept of psychological capital appears to have a degree of applicability and salience in China. A series of dimensions common in Western organisations were found in our research, including Optimism, Creativity, Resiliency, Self‐confidence, Forgiveness and Gratitude, Courage and Ambition (Hope). These were found to be common types of psychological capital both in China and in the West. However, the dimensions of Courtesy and Humility (Qian‐gong‐you‐li in Chinese), Self‐possession and Sincerity fell into the “different” category.
Originality/value
This paper is a first attempt to examine psychological capital in a range of organisational forms and industrial sectors in China using a grounded theory approach. It not only reports various dimensions of Chinese psychological capital, some unique to this research, but also compares and contrasts these dimensions between China and the West, highlighting further research opportunities.
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Xiangjie Tang, Lawrence Hoc Nang Fong and Amy Siu-Ian So
This study aims to conceptualize the potential stimuli and consequences of perceived yuanfen in the accommodation service encounter by interpreting how Chinese customers perceive…
Abstract
Purpose
This study aims to conceptualize the potential stimuli and consequences of perceived yuanfen in the accommodation service encounter by interpreting how Chinese customers perceive yuanfen during their stay in accommodations.
Design/methodology/approach
Online accommodation reviews containing yuanfen perception were interpreted using a grounded theory approach. Group interviews were conducted to verify the interpretations.
Findings
Positive outcome-generated emotional accommodation experiences (e.g. happiness) can elicit perceived yuanfen, which then evokes customers’ feelings of gratitude, emotional attachment to an accommodation and memorable accommodation experiences. Also, perceived yuanfen facilitates customers’ tolerance of service failures and promotes customers’ intention to stay longer at, recommend and revisit the accommodation.
Research limitations/implications
This study contributes to the literature on accommodation experiences, loyalty, word-of-mouth and service recovery. Future research can explore the interventions that trigger Chinese customers’ perceived yuanfen during accommodation.
Practical implications
This study informs practitioners of the importance of perceived yuanfen in enhancing accommodation experiences and service recovery. Moreover, the conceptualized characteristics and stimuli of perceived yuanfen offer possible guidelines for practitioners on how to stimulate customers’ yuanfen perception.
Originality/value
This study fills the gap of how perceived yuanfen functions in the service encounters in accommodations.
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Ellen Efron Pimentel and Jinyun Liu
In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most…
Abstract
In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most research on coresidence pictures families cross‐sectionally, but nuclear households are a natural part of extended coresidence systems that prefer stem family arrangements. We study histories of coresidence to determine what predicts ever having coresided with the husband’s parents, comparing the predictive power of modernization theory to the impact of demographic change, the availability of household members, and the resources and needs of each generation. While married children’s needs for childcare do not propel them into coresidence, they strongly predict the likelihood of staying coresident.
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Analyses the evolution of China’s telephone and cable systems, in terms of the public interest, discussing current bureaucratic conflicts and policy debates over convergence, and…
Abstract
Analyses the evolution of China’s telephone and cable systems, in terms of the public interest, discussing current bureaucratic conflicts and policy debates over convergence, and construction of an independent broadband cable network. Looks in depth at China’s problems and the different problems for its citizens with regard to poverty levels and access to the Web.
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Kinship and family have been an interest and focus of multidisciplinary research for decades. Sociologists, demographers, anthropologists, historians, and economists have defined…
Abstract
Kinship and family have been an interest and focus of multidisciplinary research for decades. Sociologists, demographers, anthropologists, historians, and economists have defined and redefined family from many perspectives. There are many forms of family. The predominant family form in western society today is the nuclear family, comprised of a married couple and their children. Beyond the nuclear family, and more prevalent in many parts of the world, there are several forms of the extended family, including the stem family, consisting of one adult child with his spouse and his parents, the multigenerational family, where several generations of family members reside together; and the joint family, where married siblings co‐reside.