Kui Du and Yuan-May Jaw
The purpose of this paper is to investigate how to manage the pace of international expansion through acquisitions based on a case study of a Chinese conglomerate, Wanda Group.
Abstract
Purpose
The purpose of this paper is to investigate how to manage the pace of international expansion through acquisitions based on a case study of a Chinese conglomerate, Wanda Group.
Design/methodology/approach
The paper is a qualitative study based on the analyses of the series of international acquisitions made by Wanda Group in the global cinema and film studio markets from 2012 through the middle 2017. Comprehensive qualitative data have been collected from public sources, including company press releases, media reports and interviews, for each and every major acquisition made by Wanda during this period. The collected materials are then analyzed to reveal the patterns of Wanda’s serial acquisitions.
Findings
When expanding globally through acquisitions, firms need to carefully pace their different types of acquisitions; managing the speed of post-acquisition integration can be critical; and managing public relations and communications in host countries is also important.
Research limitations/implications
The research is limited to one single case, so the generalizability of its findings needs further validation. The research contributes to cross-border acquisition studies by discussing the pacing of acquisitions and their affiliated activities.
Practical implications
The research offers an example of how firms pace their series of international acquisitions, whose lessons are potentially transferrable to other global acquirers.
Originality/value
The research takes a rarely used angle by studying serial acquisitions as a whole and focuses on the pacing of them. It is one of the very few in the acquisition literature to highlight the temporal patterns among serial acquisition moves.
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Xiaodan Zhang, Zhanbo Zhao and Kui Wang
This study aims to examine the moment-to-moment (MTM) effects of in-consumption dynamic comments on consumers' responses to digital engagement and the underlying mechanisms…
Abstract
Purpose
This study aims to examine the moment-to-moment (MTM) effects of in-consumption dynamic comments on consumers' responses to digital engagement and the underlying mechanisms involved, as well as the interactive role of advertisements embedded in short-form online video.
Design/methodology/approach
This study uses data extracted from 2,081 videos posted on the prominent Chinese online live platform, Bilibili. The hypotheses are tested using regression models and natural language processing.
Findings
The results indicate that the intensity of live comments at the beginning negatively affects users' digital engagement, while a corresponding increase in live comments at the end elicits a positive effect. A linear trend and peak difference in live comments intensity positively affect digital engagement, while the variability of live comment intensity exerts a negative effect. These MTM effects were driven by sentiments of live comments. Furthermore, in-video advertisements are likely to amplify the negative beginning effect on users' digital engagement and mitigate the negative variability of live comments.
Originality/value
This study is the first to examine the direct effects of MTM comments from the online temporal sequence perspective, differentiating the process- and performance-based engagement. The mechanism and interactive role of in-video advertisements were identified. These findings contribute to literature on interactive marketing and provide valuable guidance for influencer marketing.
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Brian Waterfield, G. Kersuzan and Boguslaw Herod
The Benelux chapter has made a habit of organising meetings with a scientific and commercial accent more or less alternately. This approach has proven to be successful in the past…
Abstract
The Benelux chapter has made a habit of organising meetings with a scientific and commercial accent more or less alternately. This approach has proven to be successful in the past three years. The 1986 Autumn meeting will be another display meeting. A number of papers will be presented by suppliers of materials and equipment for the hybrid and surface mounting industry. In a 300 m2 exhibition room about 25 companies will display their products. The programme of the day leaves ample opportunity for meeting colleagues and suppliers. The meeting will be held in the ‘Jaarbeurs Vergadercentrum’ in Utrecht on 16 October from 9.30–17.00. The annual ISHM‐Benelux general membership meeting will precede the lectures.
Fatmakhanu (fatima) Pirbhai-Illich, Fran Martin and Shauneen Pete
Xiaozhong Tang and Naiming Xie
The purpose of this paper is to construct a grey clustering evaluation model based on center-point mixed possibility function and to evaluate the tourism development potential of…
Abstract
Purpose
The purpose of this paper is to construct a grey clustering evaluation model based on center-point mixed possibility function and to evaluate the tourism development potential of tea intangible cultural heritage. The research results provide a certain reference for the tourism development department and related researchers who are engaged in the tourism development of intangible cultural heritage.
Design/methodology/approach
The study uses literature research, questionnaire investigation, expert interviews and factor analysis to determine the evaluation index system of tourism development potential of tea intangible cultural heritage and applies analytic hierarchy process (AHP) to determine the weight of each criteria. Then, according to the grey clustering evaluation theory and two-stage decision model, a grey clustering evaluation model is constructed to assess the tourism development potential of tea intangible cultural heritage. Finally, a new model is employed to evaluate the tourism development potential of tea intangible cultural heritage in Huangshan city.
Findings
The results show that there is a big difference in the tourism development potential of different tea intangible cultural heritages in Huangshan City and it further illustrates the scientificity and rationality of the method proposed in this paper.
Practical implications
The model constructed in the paper can be effectively applied to the evaluation of tourism development potential of tea intangible cultural heritage scientifically and reasonably.
Originality/value
This manuscript not only constructs the evaluation index system of tourism development potential of tea intangible cultural heritage but also creatively applies the grey clustering theory to the evaluation of tourism development potential of tea intangible cultural heritage, which provides a new research idea for the evaluation of tourism development potential of tea intangible cultural heritage.
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Thomas Walker and Sherif Goubran
In recent years, sustainability considerations in the real estate sector have moved from being a niche market phenomenon to a mainstream trend. The movement has been accompanied…
Abstract
In recent years, sustainability considerations in the real estate sector have moved from being a niche market phenomenon to a mainstream trend. The movement has been accompanied by a shift in the industry’s perception of sustainable buildings. Traditional cost-saving goals are now complemented by a growing interest in the potential for sustainable buildings to tackle broader economic and social sustainability challenges as well as issues related to health and well-being. The real estate industry is increasingly expected to adapt its strategies to incorporate new and more stringent environmental and urban development requirements, to cater to shifting demographics, and to utilize new advancements in construction processes and materials. This chapter explores recent research on sustainable real estate and highlights some of the newest trends in the market. The chapter then examines how policy and technological advancements can enable real estate developers to tackle environmental, social, and economic sustainability challenges. This will be exemplified through a focus on carbon taxation and timber construction. Based on these case studies, the chapter illustrates how today’s sustainable real estate sector – marked by its move beyond a focus on cost savings – requires for building practices to be strongly rooted in global, sustainable development policies.
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Xuebing Dong, Xin Wen, Kui Wang and Chuangneng Cai
Negative media coverage has important impacts on firm financial performance, but existing studies have inconsistent views of this relationship and lack a unified theoretical…
Abstract
Purpose
Negative media coverage has important impacts on firm financial performance, but existing studies have inconsistent views of this relationship and lack a unified theoretical framework to explain how such impacts arise. This study aims to bridge this gap in the literature.
Design/methodology/approach
This study uses two sets of data encompassing publicly listed companies in Shanghai and Shenzhen stock exchanges from 2013 to 2019, which are covered by the China Stock Market and Accounting Research Database.
Findings
This study finds that the number of negative news coverages has an inverted U-shaped relationship with firm financial performance; this relationship is weakened by the proportion of shares held by institutional investors and strengthened by advertising intensity.
Practical implications
This study suggests that corporate executives should be aware of the potential value of a limited amount of negative news coverage and react with tolerance and caution when their companies encounter it.
Originality/value
This study uses two different routes provided in the elaboration likelihood model theory to fully explain the processes underlying changes in investors’ attitudes toward firms experiencing negative media coverage.
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The purpose of this study is to advance and test the idea that product exports and technology imports are complementary cross-border learning approaches for emerging market firms’…
Abstract
Purpose
The purpose of this study is to advance and test the idea that product exports and technology imports are complementary cross-border learning approaches for emerging market firms’ innovation performance. In addition, this paper also seeks to search for contextual variables that affect this complementarity.
Design/methodology/approach
This study takes systems approach to examine complementarity, combining a “productivity” and an “adoption” approach. In addition, interaction approach is also used as robustness check.
Findings
The authors show that the positive effect of export activity on firms’ growth rate is higher for firms that also engage in technology import, and vice versa. Furthermore, they show that, Ceteris paribus, firms’ adoption of one cross-border learning mechanism (e.g. entering export markets) positively influences the adoption of the other (e.g. technology import). Moreover, this complementarity is only significant for firms from province with low level of marketization.
Research limitations/implications
This inconsistency about learning-by-exporting and technology import on innovation can be resolved, at least partially, by the complementarities perspective. This paper also reveals two mechanisms of learning-by-exporting: the indirect effect of export on innovation through increasing the likelihood of adoption decision of importing technology and enhancing the positive effect of technology imports.
Practical implications
The potential of combining the two strategies should not be ignored by managers. To improve regional competitiveness, local governments should try best to improve the efficiency of customs to help firms realize the synergistic effect of learning-by- exporting and learning-by-technology-importing.
Originality/value
This study first explores the positive complementarity between the two cross-border learning mechanism in sharping EEEs 2019 innovation performance and identifies the condition to realize the synergistic effect of learning-by-exporting and learning-by-technology-importing.
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Xingquan Wang, Xiuyuan Lu, Wei Chen, Fengpeng Wang, Jun Huang, Lingli Liu, Mengchao Li and Kui Lin
This paper aims to improve the general circuit of driving and protection based on insulated gate bipolar transistor (IGBT) in dielectric barrier discharge power supply by…
Abstract
Purpose
This paper aims to improve the general circuit of driving and protection based on insulated gate bipolar transistor (IGBT) in dielectric barrier discharge power supply by designing a novel half-bridge inverter circuit with discrete components.
Design/methodology/approach
With one SG3524 chip, the structure based on discrete components is used to design the IGBT drive circuit. The driving waveform is isolated and sent out by photo-coupler 6N137. The protection circuit is realized by Hall sensor directly detecting the main circuit current, supplemented by a few components, including diodes, resistors, capacitors and triodes. It improves the reliability of the protection circuit.
Findings
In the driving circuit, the phase difference of signals from two channels are 180°. Moreover, when the duty cycle is set at 40%, it can ensure sufficient pulse width modulation response time. In the protection circuit, when over-current occurs, an intermittent output signal is automatically sent out. Furthermore, the over-current response time can be controlled independently. The peak voltage can be adjusted continuously from 0 to 30 kV with its frequency from 8 to 25 kHz and the power output up to 150 W.
Originality/value
The novel circuit of driving and protection makes not only its structure simpler and easier to be realized but also key parameters, such as frequency, the duty cycle and the driving voltage, continuously adjustable. Moreover, the power supply is suitable for other discharges such as corona discharge and jet discharge.
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Zhaopeng Wang, Yi Wang, Bowei Zhang, Zhan Zhang, Kui Xiao, Junsheng Wu, Qiong Yao, Guojia Ma and Gang Sun
The purpose of this paper is to investigate the influence of the potential of hydrogen (pH) and dissolved oxygen in artificial seawater on the passivation behavior of 316L…
Abstract
Purpose
The purpose of this paper is to investigate the influence of the potential of hydrogen (pH) and dissolved oxygen in artificial seawater on the passivation behavior of 316L stainless steel.
Design/methodology/approach
The corrosion behavior was studied by using electrochemical measurements such as electrochemical impedance spectroscopy and polarization curve. The passive films were characterized with X-ray photoelectron spectroscopy.
Findings
The polarization resistance of the passive film decreases as the pH value drops ascribed to the formation of much more point defects. The donor carrier concentration (ND) in the passive film formed in the deaerated condition is lower than that in aerated conditions. Nevertheless, this phenomenon is the opposite when the pH value is 1 due to the significant decrease of Fe oxides/hydroxides coupled with the stable content of Cr oxides/hydroxides species. In addition, the compositional variation of the passive film also leads to the changes of its semiconductor properties from N-type to bipolar type.
Originality/value
This paper shows the variation of polarization resistance, corrosion potential, passive film composition and semiconductor properties with the pH value and dissolved oxygen. The results can serve as references to the further study on crevice corrosion of 316L in seawater.