Wen-Yau Liang, Chun-Che Huang, Tzu-Liang (Bill) Tseng and Jia-Chi Chen
Up to 89.1% of consumers have changed their decisions due to the influence of online reviews. In order to increase the number of reviews, some websites and platforms have adopted…
Abstract
Purpose
Up to 89.1% of consumers have changed their decisions due to the influence of online reviews. In order to increase the number of reviews, some websites and platforms have adopted feedback incentives. Research shows that offering review incentives does increase the likelihood of consumers writing reviews. However, the review reward system also brings some problems. Consumers may doubt the authenticity of product reviews that are incentivized by rewards, believing that reviewers are only writing reviews for personal gain, which has a negative impact on the credibility of the reviews. To address this issue, this study proposes a mechanism for mandatory disclosure of review incentives as research demonstrates that transparent online communication of a platform’s efforts can substantially boost review helpfulness restore trust in online platforms, and even improve purchase intentions.
Design/methodology/approach
This study applies the S-O-R (Stimulus-Organism-Response) theoretical framework and utilizes a simulated situational questionnaire to investigate the impact of online reviews on consumers' emotional and behavioral responses within the context of a mandatory disclosure review reward system. The model identifies four key constructs: review quality as the Stimulus, review credibility and review usefulness as the Organism, and purchase intention as the Response. Data were collected through the questionnaire and subsequently analyzed to understand these relationships.
Findings
The results show that review quality has a significant positive impact on review credibility, review usefulness and purchase intention. Similarly, review credibility and review usefulness also have significant positive impacts on purchase intention.
Originality/value
To mitigate the potential negative effects of review reward systems, this study introduces a mandatory disclosure of the review reward and examines its impact using a simulated situational questionnaire. The study hypothesizes that mandatory disclosure of rewarded reviews enables consumers to identify these reviews, which may, in turn, enhance their purchase intentions.
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Han-Cheng Dan, Zhuo-Min Zou, Jia-Qi Chen and An-Ping Peng
The soil water retention curve (SWRC) and unsaturated hydraulic conductivity (UHC) are crucial indices to assess hydraulic properties of porous media that primarily depend on the…
Abstract
Purpose
The soil water retention curve (SWRC) and unsaturated hydraulic conductivity (UHC) are crucial indices to assess hydraulic properties of porous media that primarily depend on the particle and pore size distributions. This study aims to present a method based on the discrete element model (DEM) and the typical Arya and Paris model (AP model) to numerically predict SWRC and UHC.
Design/methodology/approach
First, the DEM (PFC3D software) is used to construct the pore and particle size distributions in porous media. The number of particles is calculated according to the AP model, which can be applied to evaluate the relationship between the suction head and the moisture of porous media. Subsequently, combining critical path analysis (CPA) and fractal theory, the air entry value is applied to calculate the critical pore radius (CPR) and the critical volume fraction (CVF) for evaluating the unsaturated hydraulic conductivity.
Findings
This method is validated against the experimental results of 11 soils from the clay loam to the sand, and then the scaling parameter in the AP model and critical volume fraction value for many types of soils are presented for reference; subsequently, the gradation effect on hydraulic property of soils is analyzed. Furthermore, the calculation for unbound graded aggregate (UGA) material as a special case and a theoretical extension are provided.
Originality/value
The presented study provides an important insight into the relationship between the heterogeneous particle and hydraulic properties by the DEM and sheds light on the directions for future study of a method to investigate the hydraulic properties of porous media.
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Chieh-Shuo Chen, Jia-Chi Cheng, Fang-Chi Lin and Chihwei Peng
The house money effect is proposed to describe that people appear to consider large or unexpected wealth gains to be distinct from the rest of their wealth, and are thus more…
Abstract
Purpose
The house money effect is proposed to describe that people appear to consider large or unexpected wealth gains to be distinct from the rest of their wealth, and are thus more willing to gamble with such gains than they ordinarily would be. On the other hand, the availability heuristic describes that people tend to have a cognitive and systematic bias due to their reliance on easily available or associational information. The purpose of this paper is to employ these behavioral perspectives in an empirical model regarding the January anomaly to explore investor behavior in Taiwanese stock market with bonus culture and well-known electronics industry.
Design/methodology/approach
This study uses the conventional and standard dummy variable regression model, as employed in prior studies, and further includes some control variables for firm, industry and macro-economic level factors. Moreover, 19 industrial indices for Taiwanese stock market over the period January 1990 to December 2014 are included in this study to examine the hypotheses, except for the 1997 Asian financial crisis and the global financial crisis period of 2007-2009 to avoid the potential effect. On the other hand, the authors also use the entire sample period of 1990-2014 for understanding whether the magnitude of January effect is different.
Findings
The empirical results indicate that Chinese bonus payments in January induce a strong January effect in the Taiwanese stock market, especially when most listed firms have positive earnings growth in the preceding year, suggesting a house money effect. Moreover, this study further provides some preliminary evidence that the higher January returns due to bonus culture are apparent only in the electronics industry when both Chinese New Year and bonus payments are in January, implying the role of availability heuristic based on the electronics stocks in investor behavior before the impending stock exchange holidays. Some robust tests show qualitative support.
Research limitations/implications
The major contribution of this study is to extend the existing research by incorporating cultural and industrial factors with behavioral finance, thus enriching the literature on the causes of seasonality for Asian stock markets.
Practical implications
This study also has behavioral implications of investments for investors in the Taiwanese stock market, especially for foreign institutional investors which pay close attention to this market.
Originality/value
This study first applies and examines the culture bonus hypothesis with regard to how employees who receive culture bonuses in January can change their attitudes toward risk and induce the January effect from the concept of mental accounting. Moreover, this study further proposes and examines the extended culture bonus hypothesis related to how the January effect due to culture bonus is different for the electronics and non-electronics industries when taking into account the stock market holidays from the concept of availability heuristic.
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Peng Bo Wang, Jia Qi Li, Tao Yang, Jie Wei Hu, Mariya Edeleva, Ludwig Cardon and Jie Zhang
This paper aims to develop an innovative 3D printer based on material extrusion to expand applied material field and shorten the production cycle. The developed 3D printer can…
Abstract
Purpose
This paper aims to develop an innovative 3D printer based on material extrusion to expand applied material field and shorten the production cycle. The developed 3D printer can fabricate products directly using various powders, including polymers and fillers. In addition, the influence of extrusion on the orientation of thermal conductive filler is also investigated.
Design/methodology/approach
To ensure the plasticizing effect and the mixing ability, the printing head is a conical twin-screw extruder, which have a smaller volume. PA12 and h-BN powders were selected for printing as matrix and filler, respectively. The properties of printing products were characterized.
Findings
The results show that the new printer can fabricate products directly using polymer powders because of the mixing ability of the twin-screw. The h-BN filler orient in the PA12 matrix and form thermal conduction paths due to the extrusion process, which make the printed samples have an anisotropic thermal conductivity.
Originality/value
The innovative 3D printer provides a method of printing products directly using powders, which can expand material field and shorten the production cycle. For composites, the extrusion process can make fillers orient in the matrix to fabricate products with anisotropic characteristics.
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Jia-Chi Cheng, Fang-Chi Lin and Tsai-Hui Tung
This study examines whether investment horizons among institutional investors affect cash dividend payout policies among firms. We use institutional ownership volatility and…
Abstract
This study examines whether investment horizons among institutional investors affect cash dividend payout policies among firms. We use institutional ownership volatility and persistence to measure institutional ownership stability. We find that cash dividend payout ratios are negatively correlated to volatility and positively correlated to persistence. The results suggest that firms with stable institutional investors encourage managers to pay cash dividends rather than invest in suboptimal projects or perquisite consumption. Furthermore, this study tests whether the impact of institutional ownership stability on cash dividend policy matters in firms with greater agency costs. This study finds that stable institutional ownership increases cash dividends for firms with severe or slight agency problems. These findings suggest that institutional ownership stability plays an important role in monitoring and hence in determining cash dividends.
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This study seeks to explore team goal orientation as a team characteristic that affects team members' self‐regulation, and conflict management approach as a self‐regulation…
Abstract
Purpose
This study seeks to explore team goal orientation as a team characteristic that affects team members' self‐regulation, and conflict management approach as a self‐regulation tactic. Its purpose is to investigate the moderating effect of team goal orientation and conflict management approach on the linkage between task conflict and relationship conflict.
Design/methodology/approach
Data were received from 529 team members in 120 R&D teams in Taiwan. The hypothesis is tested using hierarchical regressions.
Findings
The results indicate that team goal orientation and a conflict management approach moderated the relationship between task conflict and relationship conflict. The positive relationship between task conflict and relationship conflict was weaker under conditions of higher team learning orientation and lower team performance orientation. The positive association between task conflict and relationship conflict was also weaker among teams that engaged in cooperative conflict management and did not engage in the avoiding conflict management approach.
Research limitations/implications
The study is cross‐sectional in design, limiting the ability to make causal assertions about links between task conflict and relationship conflict.
Practical implications
To prevent detrimental relationship conflict triggered by task conflict, supervisors may need to use goal orientation disposition as a criterion in selecting team members. Supervisors also could frame the tasks and discussions of team members towards learning rather than performance goals, enabling team members to openly share divergent opinions and take advantage of task conflict.
Originality/value
The study facilitates understanding of how to unbundle the linkage between task conflict and relationship conflict in teams, along with making contributions to conflict theory.
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Guo-yuan Zhang, Jia-qi Dang, Wei-gang Zhao and Xiu-tian Yan
The serious friction and wear problem occurs on the mechanical seal’s faces during the start-up stage of the high-speed turbopump for a liquid rocket engine. This paper aims to…
Abstract
Purpose
The serious friction and wear problem occurs on the mechanical seal’s faces during the start-up stage of the high-speed turbopump for a liquid rocket engine. This paper aims to propose a kind of thick metal alloy coatings on the surface of the seal’s rotor so as reduce the friction and wear.
Design/methodology/approach
With the pin-disk (the graphite pin and the disk with the metal coating) tribology-tester, the tribological behaviors of four metal coatings are investigated. The special friction coefficients under the dry friction, boundary friction and different temperatures of water-lubricated conditions were obtained.
Findings
The test results show that the thick metal coating has a good performance of the wear resistance and friction reduction; and the friction coefficients of a Sn-Sb-Cu coating under the dry friction and water-lubricated conditions are 0.377 and 0.043, respectively, and the corresponding mass wear volumes are only 2.74 and 0.81 mg, respectively.
Originality/value
The thick metal coating scheme for the mechanical seal’s faces might lend itself to the harsh working conditions of the low-viscosity liquid rocket engine.
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Jia Qi, Swarn Chatterjee, Sheri Worthy, Keith Herndon and Bartosz Wojdynski
Emerging literature on fintech has shown that consumers have been slow to adopt fintech-based products and services. However, limited literature is available regarding the factors…
Abstract
Purpose
Emerging literature on fintech has shown that consumers have been slow to adopt fintech-based products and services. However, limited literature is available regarding the factors associated with consumers' adoption of these products and services. This study aims to investigate the factors that are associated with consumer adoption of fintech-based products and services.
Design/methodology/approach
Data on the usage and perception of smartphone financial apps by US residents ages 18–70 was collected in the fall of 2020. Based on the Extended Post-Acceptance Model (EPAM) framework, Structural Equation Modeling and Confirmatory Factor Analysis were applied to inspect how financial capability, perceived security and perceived usefulness affect fintech adoption.
Findings
Fintech proficiency, investment risk tolerance and perceived safety are positively associated with the frequency of fintech application use upon adoption. Consumers are more likely to feel safer if they are more financially capable and technologically proficient. Consumers with higher risk tolerance tend to believe fintech apps are safe to use. Consumers with higher fintech proficiency are more likely to recognize the usefulness of fintech services.
Originality/value
The study introduces a revised EPAM framework with antecedent factors, fintech proficiency and risk tolerance to investigate the factors associated with consumer adoption of fintech-based products and services. The key findings of this study validate the EPAM in the American context. Additionally, this research is among the first to have confirmed the direct relationship between perceived security and fintech adoption. The results have practical implications for existing fintech companies, banks and financial institutions, policymakers and financial advisory practices considering adopting fintech-based services for their clients.
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The purpose of this paper is to analyse the metaverse platform in a social context to better understand the future of this tool in tourism cities and how this can help to improve…
Abstract
Purpose
The purpose of this paper is to analyse the metaverse platform in a social context to better understand the future of this tool in tourism cities and how this can help to improve the well-being of residents in both digital and physical scenarios.
Design/methodology/approach
In this paper, the current and probable developments in the metaverse, and its use in tourism cities and companies have been investigated. Moreover, this study develops, collects and examines the main metaverse definitions by expert authors and organizations as a methodology to ensure the transparency and credibility of the metaverse analysis.
Findings
Findings suggest that the fusion of the metaverse and tourism cities must create residents’ services and experiences in the new MetaTourPolis to help interact and connect citizens with the city’s institutions and companies, as well as make tourism cities more attractive, innovative, environmentally friendly and healthier places to live. Metaverse will bring new changes for residents and tourists, in fact, this virtual platform is already changing and improving the residents’ quality of life and people with disabilities in tourism cities. For instance, the metaverse platform has been implemented in Seoul, Santa Monica and Dubai MetaTourPolis to interact with their residents, including people with disabilities, to resolve bureaucratic and administrative problems, avoiding this group and the rest of the residents travelling by bus or car to the city’s institutions. In addition, several metaverse applications based on softbot tutors or metaverse virtual social centres have been developed to improve blind and impaired people, and elderly people’ quality of life, respectively.
Originality/value
A new concept called “MetaTourPolis” has been included to stage the relationship between tourism cities and the metaverse platform, where the fusion of metaverse and the new tourism polis of the 21st century will be at the service of citizens, tourists and companies, to create more sustainable, efficient, quantitative and environmental tourism cities.