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1 – 10 of 56Yixi Ning, Ke Zhong and Lihong Chen
This study aims to examine the effect of CEO compensation risk, as measured by the proportion of equity-based pay (option and stock awards) relative to total compensation and pay…
Abstract
Purpose
This study aims to examine the effect of CEO compensation risk, as measured by the proportion of equity-based pay (option and stock awards) relative to total compensation and pay sensitivity to stock volatility, on CEO pay for luck asymmetry. This paper also empirically examines CEO compensation risk as a mediating variable between the regulatory changes and CEO pay for luck asymmetry.
Design/methodology/approach
This paper test the proposed two hypothesis that CEO compensation risk is positively associated with the degree of CEO pay for luck asymmetry; and the pay related regulations implemented around 2006 could mitigate the degree of CEO pay for luck asymmetry using the fixed-effects regression models.
Findings
Consistent with the managerial talent retention hypothesis, this paper finds that CEO compensation risk, as measured by the equity-based pay as a proportion of CEO total compensation and CEO pay sensitivity to stock volatility, is positively associated with the degree of CEO pay for luck asymmetry. In addition, this paper find that CEO pay for luck asymmetry is significantly reduced by the major regulatory changes on executive compensation implemented around 2006.
Research limitations/implications
This study is among the very few studies exploring the impact of CEO compensation risk on pay for luck asymmetry in the literature. While the major purpose of the widely used stock options is to align executive interests and shareholder values, it also tends to increase the risk level of CEO compensation. So, a well-designed CEO pay package should protect risk-averse CEOs from bad luck for the retention purpose, which is also beneficial to shareholder wealth maximization. Therefore, future research on executive compensation needs to examine the issue from various perspectives.
Practical implications
For board of directors who is responsible for the compensation of CEOs, it is necessary to consider a broad range of factors when designing an optimal CEO pay package.
Social implications
The findings on the impact of regulations on CEO pay for luck asymmetry suggest that the executive-pay-related regulations around 2006 have indeed achieved some of their intended goals to significantly lower pay for nonperformance asymmetry, whereby CEO pay sensitivity to stock volatility has been identified as a major mediating variable.
Originality/value
This study contributes to the literature on executive pay for luck asymmetry in several perspectives. First, this paper finds that CEO compensation risk has a positive impact on the degree of CEO pay for luck asymmetry. Second, this paper finds that the CEO pay for luck asymmetry has been mitigated after 2006 when various regulatory changes on executive compensation began to be implemented in the USA. To the best of the authors’ knowledge, this study is among the very few studies investigating these issues in the literature.
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Lihong Gao, Jiang Chen, Jun Zheng and Haiyan Zhang
The purpose of the study reported in this paper is to synthesis curcumin, which was reported to possess broad pharmacological effects and excellent dyeing properties, via…
Abstract
Purpose
The purpose of the study reported in this paper is to synthesis curcumin, which was reported to possess broad pharmacological effects and excellent dyeing properties, via Claisen-Schmidt condensation reaction catalysed by an efficient and green solid base catalyst, KF/Al2O3.
Design/methodology/approach
A series of catalysts with different KF loadings and varying calcination temperatures had been prepared, characterised by Brunauer–Emmett–Taller surface area, temperature-programmed desorption with CO2 using infrared spectroscopy, X-ray powder diffraction and X-ray photoelectron spectroscopy, and tested in the Claisen–Schmidt condensation reaction. The effects of different reaction parameters such as temperature, the amount of catalyst, reactant ratio and time on the synthesis of curcumin were examined. The possibility of recycling the catalyst was also investigated in detail. Moreover, the reaction mechanism and the role of KF/Al2O3 in the synthetic process were discussed.
Findings
The study provides an efficient and green solid base catalyst, KF/Al2O3, and 64.3 per cent yield of curcumin was obtained under the optimum reaction conditions. Experimental results indicate that the third reused catalyst could retain part of the catalytic activity, and the regenerated one could be reused with reasonable catalytic activity. Besides, K3AlF6 was proposed as the active site of the catalyst for the reaction by the analysis of the characterization results of KF/Al2O3.
Originality/value
KF/Al2O3 was found to be an efficient catalyst for catalytic synthesis of curcumin and could be easily recycled several times. This information may be useful for further research and practical applications of curcumin.
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Xiongying Wu, Lihong Chen, Shuhui Pang and Xuemei Ding
The purpose of this paper is to explore a descriptive framework for a more structured and objective evaluation of the risk situation of textile and apparel, also to find the best…
Abstract
Purpose
The purpose of this paper is to explore a descriptive framework for a more structured and objective evaluation of the risk situation of textile and apparel, also to find the best set of methods or optimal scientific grounds for the safety evaluation of textile and apparel.
Design/methodology/approach
Risk analysis theory is used to analyze potential hazard of textile and apparel, weight is given to risk indicators using subjective and objective weighting method, respectively, grading standards of safe risk of textile and apparel is made. Finally a safety risk assessment model of textile and apparel based on support vector machine (SVM) is built, and empirical analysis is also made.
Findings
Quantitative and highly reliable evaluation of textile and apparel risks, relatively easy grading classification and simplicity in operating the evaluation process are the advantages that promote the application of risk assessment model based on SVM for textile and apparel, and empirical analysis showed considerably good applicability.
Practical implications
The research is useful to ensure safety textile and apparel in market, also contributing to the sustainable development of textile industries in future.
Originality/value
SVM as a risk assessment method provided safety evaluation to toxic and harmful substance and small parts in textile and apparel, which can be an effective tool to monitor textile and apparel safety.
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Liangbin Chen, Lihong Zhao, Keren Ding, Kaibo Xu and Xianzhe Tang
This study aims to optimize the preparation conditions and modify the nanofiltration (NF) membranes to prepare high-performance polysulfone/sulfonated polysulfone composite…
Abstract
Purpose
This study aims to optimize the preparation conditions and modify the nanofiltration (NF) membranes to prepare high-performance polysulfone/sulfonated polysulfone composite nanofiltration (PSF/SPSF-NF) membranes through interfacial polymerization.
Design/methodology/approach
Investigating the impacts of anhydrous piperazine (PIP) concentration, trimesoyl chloride (TMC) concentration and basement membrane type on NF membrane performance, the optimal membrane was prepared. In addition, nano-SiO2 was added to the active separation layer to modify the NF membranes.
Findings
The comprehensive performance of PSF/SPSF-NF membranes was optimized when the concentration of PIP was 0.75 Wt.% and the concentration of TMC was 0.15 Wt.%, at which time the water flux was 66.1 L·m−2·h−1 and the retention rate of Na2SO4 was 98.1%. The comprehensive performance of polysulfone/sulfonated polysulfone-SiO2 nanofiltration (PSF/SPSF-SiO2-NF) membranes was optimized when the blending ratio of nano-SiO2 to PIP was 2:3, with a pure water flux of 81.9 L·m−2·h−1 and a Na2SO4 retention rate of 95.9%. Compared to polysulfone nanofiltration (PSF-NF) membranes and PSF/SPSF-NF membranes, NF membranes with nano-SiO2 increased the flux recovery rate by 22.9% and 8.7%.
Practical implications
PSF/SPSF-SiO2-NF membrane exhibits excellent antifouling properties.
Originality/value
There is currently no literature available on the preparation of NF membranes using polysulfone/sulfonated polysulfone (PSF/SPFS) as a substrate. This provides a method for modifying NF membranes, starting with the modification of the basement membrane and then modifying the active separation layer.
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Lihong Zhou, Longqi Chen and Yingying Han
The provision of high-quality e-Government services requires efficient and collaborative sharing of data across varied types of government agencies. However, interagency…
Abstract
Purpose
The provision of high-quality e-Government services requires efficient and collaborative sharing of data across varied types of government agencies. However, interagency government data sharing (IDS) is not always spontaneous, active and unconditional. Adopting a stickiness theory, this paper reports on a research study, which explores the causes of data stickiness in IDS.
Design/methodology/approach
This study employed an inductive case study approach. Twenty-three officials from the government of City M in Hubei Province, Central China, were approached and interviewed using a semi-structured question script.
Findings
The analysis of the interview data pointed to 27 causes of data stickiness in five main themes: data sharing willingness; data sharing ability; data articulatability; data residence; and data absorptive capacity. The analysis revealed that interagency tensions and lack of preparedness of individual agencies are the main causes of data stickiness in IDS.
Originality/value
The case setting is based on China's Government, but the findings offer useful insights and indications that can be shared across international borders.
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Lihong Song, Zhaoyi Xie, Qiaoyi Chen and Ziqi Liu
This paper expects to analyze the connection between occupational stigma and job meaningfulness among Chinese takeaway riders, the mediating role of occupational identity and…
Abstract
Purpose
This paper expects to analyze the connection between occupational stigma and job meaningfulness among Chinese takeaway riders, the mediating role of occupational identity and relative deprivation, and the moderating effect of job stress based on resource conservation theory.
Design/methodology/approach
The sample was derived from 371 takeaway riders across China. PLS-SEM was mainly utilized for the data analysis.
Findings
The findings of the study indicated a significant negative correlation between occupational stigma and job meaningfulness. Furthermore, it is worth noting that relative deprivation and occupational identity served as mediators and masks, respectively, in the relationship between occupational stigma and job meaningfulness. Furthermore, job stress amplifies the association between occupational stigma and occupational identity. Additionally, job stress diminishes the connection between occupational stigma and relative deprivation.
Originality/value
This study proposes a positive correlation between occupational stigma and occupational identity in the Chinese context. It also enriches the empirical research based on resource conservation theory. Furthermore, it holds practical implications for takeaway riders in China, offering insights to bolster their job meaningfulness.
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Liangbin Chen, Lihong Zhao and Keren Ding
This paper aims to improve the permeability and antifouling of polysulfone (PSF) ultrafiltration membranes, the PSF matrix was modified by incorporating sulfonated polysulfone…
Abstract
Purpose
This paper aims to improve the permeability and antifouling of polysulfone (PSF) ultrafiltration membranes, the PSF matrix was modified by incorporating sulfonated polysulfone (SPSF).
Design/methodology/approach
Systematic investigations were conducted on the synergistic effects of a pore-forming agent, coagulation bath temperature and SPSF doping in the casting solution on blended ultrafiltration membranes. The chemical composition of the membranes was analyzed using Fourier transform infrared spectroscopy. The morphology and surface roughness of the membranes were characterized using scanning electron microscopy and atomic force microscopy. The hydrophilicity of the membrane surface was analyzed using a contact angle meter. The permeability and antifouling properties of the blended membranes were also investigated through filtration experiments.
Findings
The results indicated that the blended ultrafiltration membranes demonstrated an optimal overall performance when PVP-K30 content was 5.0 Wt.%, coagulation bath temperature was 30°C and SPSF content was 2.4 Wt.%. In comparison to a pure PSF ultrafiltration membrane, there was a significant increase in pure water flux (390.7 L·m−2·h−1) by 2.2 times, while bovine serum albumin retention slightly decreased to 93.8%. In addition, the flux recovery rate improved by 2.1 times (71.4%) compared to that of the original PSF ultrafiltration membrane.
Practical implications
The method provided a simple and practical solution for improving the antifouling and permeability of PSF ultrafiltration membranes.
Originality/value
SPSF was anticipated to serve as an excellent modification additive for the preparation of ultrafiltration membranes with superior properties.
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Mohamed Abadi, Jieling Huang, Jillian Yeow, Saeed Reza Mohandes and Lihong Zhang
The development of circular construction supply chains (CCSCs) is impeded by various barriers, but the current literature overlooks the interrelationships among these barriers and…
Abstract
Purpose
The development of circular construction supply chains (CCSCs) is impeded by various barriers, but the current literature overlooks the interrelationships among these barriers and the varying nature of associated countermeasures with the growth of circular economy (CE). This paper aims to develop new perspectives about the transition to CCSCs through the lens of supply-push (SP)/demand-pull (DP) strategies and related underpinning theories.
Design/methodology/approach
A systematic literature review including 136 journal articles was undertaken to identify barriers to CCSCs and associated countermeasures that are analysed for their relevance to SP/DP. The interplay between SP/DP approaches was discussed using the “technology acceptance” and “innovation chain” models.
Findings
(1) Thirty-five barriers were identified and organised into nine main barrier factors; (2) the predominant factors are knowledge and awareness, policy and regulations, technological capabilities, and incentives; (3) CCSCs transition is SP-configured primarily driven by actors above the project network; (4) “push” measures are devised to gradually create a “pull” environment and can be revoked when demand for circularity is created, suggesting a new “push-to-pull” perspective of CCSCs; and (5) a complex adaptative system is witnessed in relationships between barriers and countermeasures, and interactions among actors at all levels.
Practical implications
The findings offer practitioners countermeasures to barriers encountered in CE initiatives. It also informs policymakers of adjusting policies to accommodate the SP-DP movement in steering the circular transition.
Originality/value
This study uses theoretical models to interpret the dynamics in CCSCs transition and proposes a new definition of CCSCs highlighting their complex and dual transitional/transformational nature.
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Lihong Zhou, Yaqian Song and Tong Zhou
Self-service libraries (SSLs) have been regarded as an effective approach to provide convenient book services to the enormously large populations of China’s cities. These SSLs are…
Abstract
Purpose
Self-service libraries (SSLs) have been regarded as an effective approach to provide convenient book services to the enormously large populations of China’s cities. These SSLs are in fact automatic book service machines, which provide a combination of services, including reading card issuing, book lending and returning, and book reservations and collection. However, despite acclaimed success, SSL services are not well received by patrons and are underutilised. The purpose of this paper is to identify and understand the causes of the underutilisation of SSL services in Chinese cities.
Design/methodology/approach
This study adopted an inductive approach and a case study research design. The SSL services in Wuhan, the capital city of Hubei Province, were adopted as the case study, in which 20 public librarians, SSL workers and managers, and library patrons were approached and interviewed using semi-structured question scripts. The interview data were analysed using a thematic analysis approach.
Findings
The analysis pointed to 13 causes in three main themes: management problems, service limitations, and the implicit role of government. Further conceptualisation of the findings revealed that the underutilisation of SSL services has resulted from the absence of a patron-centric perspective and the negligence of patrons’ needs and requirements. Therefore, to increase the popularity and usage of SSLs, it is necessary to develop patron-centric management mechanisms through which patrons’ needs and requirements can be effectively understood and responded to.
Originality/value
This study aims to develop specific suggestions to improve the usage of SSLs. Furthermore, although this study focuses on SSL development in China, this research can provide useful suggestions and implications that can be shared across international borders.
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This paper aims to explore the impact of domestic market fragmentation on the innovation performance of enterprises and its mechanism from the perspective of market segmentation…
Abstract
Purpose
This paper aims to explore the impact of domestic market fragmentation on the innovation performance of enterprises and its mechanism from the perspective of market segmentation, a government behavior with Chinese characteristics.
Design/methodology/approach
In order to verify the theoretical hypothesis proposed in the previous article, that is, whether domestic market fragmentation can effectively improve the innovation performance of enterprises, this paper bases on the data of listed companies from 2010 to 2016, empirically testing the theoretical hypothesis by constructing a measurement model.
Findings
Domestic market fragmentation has a significant inhibitory effect on enterprise innovation performance. Domestic market fragmentation has heterogeneous effects on innovation performance of enterprises and regions. It is undeniable that domestic market fragmentation does have a certain support effect on state-owned enterprises but the support effect is achieved by distorting regional resource allocation and creating an unfair market environment.
Originality/value
Firstly, this paper explores the impact mechanism of domestic market fragmentation on corporate innovation performance from the perspective of market segmentation, a government behavior with Chinese characteristics, so as to expand and enrich the relevant research on enterprise innovation. Secondly, from the perspective of corporate innovation performance, this paper provides new evidence for the “curse effect” of domestic market fragmentation. Thirdly, this paper tries to shake the domestic market fragmentation support theory from the perspective of distortion effect brought by the “hand of support” of domestic market fragmentation.
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