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This study aims to observe and discuss an emerging disintermediation in transportation, finance and health care, and explain how these three key areas depend on intermediary institutions that are the fruit of modern corporate governance conditions that find their roots in classical sociological theory.

The authors review and incorporate a diversity of research literature to explain the likelihood for the development and continuation of disintermediation.

The authors map two sociological perspectives (Emile Durkheim’s theory of interdependence and Herbert Spencer’s theory of contracts) to two modern corporate governance theories (resource dependence theory and agency theory). The authors then discuss the challenging social situation resulting from modern corporate governance and show how these conditions create the potential for a continuum of disintermediation across the specific and crucial economic sectors of transportation, finance and health care.

The implications of this theoretical integration can help organizational leaders navigate complex social and strategic issues and prepare for the consequences that may result from the emerging disintermediation.

The purpose of this paper is to overcome the weakness of the traditional model, in which the grey action quantity is a real number and thus leads to a “unique solution” and to build the model with a trapezoidal possibility degree function.

Using the system input and output block diagram of the model, the interval grey action quantity is restored under the condition of insufficient system influencing factors, and the trapezoidal possibility degree function is formed. Based on that, a new model able to output non-unique solutions is constructed.

The model satisfies the non-unique solution principle of the grey theory under the condition of insufficient information. The model is compatible with the traditional model in structure and modelling results. The validity and practicability of the new model are verified by applying it in simulating the ecological environment water consumption in the Yangtze River basin.

In this study, the interval grey number form of grey action quantity is restored under the condition of insufficient system influencing factors, and the unique solution to the problem of the traditional model is solved. It is of great value in enriching the theoretical system of grey prediction models.

Taking power consumption as an example, the accurate prediction of the future power consumption level is related to the utilization efficiency of the power infrastructure investment. If the prediction of the power consumption level is too low, it will lead to the insufficient construction of the power infrastructure and the frequent occurrence of “power shortage” in the power industry. If the prediction is too high, it will lead to excessive investment in the power infrastructure. As a result, the overall surplus of power supply will lead to relatively low operation efficiency. Therefore, building an appropriate model for the correct interval prediction is a better way to solve such problems. The model proposed in this study is an effective one to solve such problems.

A new grey prediction model with its interval grey action quantity based on the trapezoidal possibility degree function is proposed for the first time.

The purpose of this paper is to study the impact of high‐power microwave interferences on electronic devices needs the simulation of semiconductor components. Although the semiconductor equations can be solved numerically by Newton method, the conventional Newton method exhibits significant speed degradation when the power of interference is high enough to cause device burnout. Therefore, this paper aims at speeding up the simulation of the semiconductor components under high‐power microwave interferences.

Some approximations in conventional Newton method works efficiently only when the electric field in the simulated semiconductor is relatively low. This is the reason of the formerly mentioned speed degradation problem. The proposed method speeds up the simulation by modifying these approximations to acquire enough precision in these high‐power situations.

The modified Newton method proposed in this paper shows an acceleration of 100‐150 percent compared to conventional method for typical applications. Moreover, the simulation speed becomes nearly independent of the power of the microwave interferences, which means the speed degradation phenomenon of the conventional method has almost been eliminated.

This paper proposes a modified Newton method to speed up the simulation of the semiconductor components under high‐power microwave interferences.

The purpose of this paper is to understand different institutional mechanisms for promoting effective innovation diffusion and maximizing spillovers from fruitfulness of university‐industry linkages.

The approach involved the content analysis of university documents and in‐depth interviews with university personnel. The paper investigated the types of changes which had been instituted by selected universities in regards to the management of invention disclosure and patent licensing procedures, policies for new business startups by faculty and graduates. The paper then studies how university incentive structures have been reshaped to encourage and facilitate engagement with industry.

The types of changes have been instituted by select universities enhance research commercialization capacity in regards to the management of invention disclosure and patent licensing, policies for new business startups by faculty and graduates, and provision of seed capital, training and incubator facilities, especially the relationship between technology transfer offices and university administration, as well as faculty; how university incentive structure has been reshaped to encourage and facilitate engagement with industry; how gross royalties and/or net royalty income are distributed between university and faculty.

This paper describes the important role of institutional underpinnings for building commercial linkages. It also explores what university policies and institutions shape the nature and fruitfulness of innovation diffusion in China.

In the early days of the COVID-19 pandemic, an area could only report its first positive cases if the infection had spread into the area and if the infection was subsequently detected. A standard probit model does not correctly account for these two distinct latent processes but assumes there is a single underlying process for an observed outcome. A similar issue confounds research on other binary outcomes such as corporate wrongdoing, acquisitions, hiring, and new venture establishments. The bivariate probit model enables empirical analysis of two distinct latent binary processes that jointly produce a single observed binary outcome. One common challenge of applying the bivariate probit model is that it may not converge, especially with smaller sample sizes. We use Monte Carlo simulations to give guidance on the sample characteristics needed to accurately estimate a bivariate probit model. We then demonstrate the use of the bivariate probit to model infection and detection as two distinct processes behind county-level COVID-19 reports in the United States. Finally, we discuss several organizational outcomes that strategy scholars might analyze using the bivariate probit model in future research.

The purpose of this study is to conduct research on a new kind of division microchannel heat sink (D-MCHS), which can distribute cooling water along the channel-length direction. First, the pressure drops in the D-MCHS with different division region numbers were compared. Then, the cooling performance of the D-MCHS with different division region numbers was also comparatively investigated. Finally, the temperature distribution on the bottom surface of the D-MCHS was analyzed.

First, experiments were conducted to investigate the numerical calculation method. Then, a three-dimensional steady, single-phase, laminar flow and solid-fluid conjugate heat transfer numerical model was used to research the flow and heat transfer characteristics in microchannels.

The pressure drop in the D-MCHS could be reduced by increasing the number of divided flow regions along the channel-length direction. The bottom average temperature of the D-MCHS could be simultaneously affected by the number of divided flow regions and the water flow rate. The thermal uniformity performance of the D-MCHS could be improved by increasing the number of division flow regions. The number of low-temperature and high-temperature areas on the bottom surface of the D-MCHS is corresponding to the division flow region number.

The D-MCHS exhibited a positive effect on the pressure drop decrease and thermal uniformity improvement. It not only keeps the electronic module working in a secure temperature environment but also consumes less pump power for a lower pressure drop.

Balanced leadership is attracting increasing attention from academia and practitioners. In this rapidly changing world, maintaining balance while moving ahead is becoming a challenge for organizational leaders concerned with effective leadership. The traditional concept of balancing, theoretically, has been frequently re‐visited by researchers, while new concepts of balancing are being developed by researchers and practitioners, in order to effectively guide the practice in the real institutional settings. The purpose of this paper is to examine the classic Chinese perspectives from Wu Xing, I Ching and Tao Te Ching. Some western perspectives (e.g. Waters and Leithwood) on balanced leadership are also examined, to reach a hybrid model in an effort to decipher the meanings of balancing, and to address their applicability in modern organizational lives.

This paper provides analyses of the perspectives in the Chinese classics Wu Xing, I Ching and Tao Te Ching, and presents insights on the principles for organizational leaders to apply in dealing with changes.

There is a philosophical base for balanced leadership. It is becoming imperative for leaders to practice balanced leadership in the following aspects of organizational lives: Leaders' steady dispositions; Harmonious human relations; Categorization of the magnitudes of change for improvement; and a hybrid model integrating both eastern and western concepts of balanced leadership.

This paper focuses on one domain of leadership – balancing in the interactions between the leaders and their people. It is relevant for those who have interest in, and are concerned for, the vertical, lateral relations, organizational development and improvement.

This paper reflects the researchers' deep insight into the Chinese classics, their expertise, and their empirical practices in organizational leadership. The paper will help those with similar interests in this area to better understand the implications of the Chinese perspectives.

Prior studies find that US firms with managerial incentives may manipulate the earnings gap to obscure higher performing segments to competitors or to hide underperforming segments from external monitors. The purpose of this study is to complement extant research by examining the association between managerial incentives and segment earnings reporting of cross-listed firms in the USA and the impact of country-level characteristics on this association.

The dependent variable is the earnings gap between firm-level earnings and sum of segment-level earnings. Managerial incentives are proxied by proprietary cost and agency cost. Proprietary cost is measured by the Herfindahl index. Agency cost is measured by inefficient resource transfer activities across segments. Foreign firms in this study are companies listed on major US Stock Exchanges with headquarters outside the USA. Comparable US firms are selected using the Propensity Score Matching procedure as a control group.

The authors find that 1) proprietary cost motive is not the determinant of earnings gap reporting for cross-listed firms; 2) cross-listed firms motivated by agency costs are more likely to manipulate segment earnings reporting than US firms; and 3) among cross-listed firms motivated by agency costs, firms in weak rule of law countries demonstrate more manipulation in segment earnings than firms in strong rule of law countries.

Extant research with regard to segment reporting exclusively focuses on US firms, and little is known about the practice of segment reporting by cross-listed firms originating from different legal regimes. This study fills the gap in the literature by comparing cross-listed firms to US firms in the reporting of segment earnings. The results of this study have implications for regulators and investors who are interested in evaluating the extent of cross-listed firms’ financial reporting quality.

Although tax-motivated income shifting has been widely explored, no studies have as yet analyzed the association between ownership structure and management decisions about income shifting. The ownership structure of multinational groups is characterized by different levels of minority interests, and our aim is to establish whether income shifting is explained by the aim of expropriation of minorities, as well as taxation avoidance.

We collect data on a sample of European parent companies located in five countries and their foreign subsidiaries, and run a multivariate regression based on the Huizinga and Laeven (2008) model.

Our results support the idea of minority expropriation, finding evidence of ownership-motivated income shifting. We also find that the level of minority protection affects ownership-motivated income shifting, and that, when both are present, expropriation is statistically significant.

Although the study looks at a wide range of subsidiaries, a limitation may be that it examines only firms having parent companies in five European countries. Further research would overcome this limitation and extend the literature and take into account other income-shifting contextual variables. Our results may lead regulators to pay more attention to the protection of minority interests.

This research offers insights to companies and investors, and should help them to make better-informed decisions and evaluate the best contexts for investments.

This study enriches the literature on income shifting by revealing that it can be caused by factors other than the desire to avoid taxation. It suggests that ownership structure is crucial.