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Many firms have attempted to adopt e‐commerce to upgrade their formidable competitive capabilities and thereby build their own competitive advantages. However, some firms have achieved great performance, whereas others have failed in competitive outcomes. How can the differences in firms' e‐commerce adoption be explained? This question remains largely unanswered. The purpose of this paper is to help fill this literature gap by developing a framework that incorporates factors determining firms' adoption of e‐commerce.

Through literature review, this paper summarizes ten factors which determine firms' adoption of e‐commerce.

The paper summarizes ten factors which determine firms' adoption of e‐commerce and four significant factors are especially highlighted, including managerial attitudes, corporate strategies, external pressures and firms' technology strengths.

The framework developed by this article provides a conceptual basis for further quantitative analysis. It can also guide firms' implementation of e‐commerce strategy. Moreover, this paper should be of great value to the policy makers who encourage firms to build up their competitiveness through e‐commerce adoption.

A significant number of Chinese companies are listed overseas. The authors aim to examine whether overseas locations affect their financing decision, specifically their capital structure choice.

Most of the Chinese overseas listed companies are listed in the USA and Hong Kong. As the institutional quality of the USA is better than Hong Kong, the authors, therefore, choose to build the hypotheses from the “law and finance” literature. Specifically, the authors argue that the better institutional environment of the USA can mitigate the information asymmetry problem and the agency problem of financing via equity. Consequently, firms listed in the USA will rely more on equity and have lower leverage ratio. The difference in leverage ratio of US listed and Hong Kong listed companies should be larger when the marginal benefit of better information environment is larger.

Referring to various data sources, the authors construct a comprehensive list of overseas listed companies in the USA and Hong Kong. The authors collect the accounting and stock performance information from Datastream/Worldscope and the equity offering data from Global New Issue database. The empirical findings provide strong support of the hypotheses: the leverage is 15 percent lower for US listed companies than the Hong Kong listed companies; the results are stronger when the firms face more severe information asymmetry problem; the stock price reacts less negatively for seasoned equity offering in the USA than in Hong Kong.

Most of the Chinese companies decided to be listed overseas because they cannot be listed in the Mainland Chinese stock exchanges. One of the most important motivation is to access to external capital to support firm growth. As the main channel of external financing in the overseas markets is equity since debt is still mainly domestically based, one implication of this paper is that Chinese companies can gain better access to external capital in the USA than in Hong Kong and relax their financial constraint.

There are a considerable number of Chinese companies listed in the overseas markets. Many successful and famous companies are among them. However, almost no research has been done based on them. This paper documents some very important phenomenon of this market. The authors wish that more studies will be conducted. In addition, the study also complements the existing studies on how institutional environment affects corporate financial behavior.

WeChat official account (WCOA) is an emerging and important platform for academic library services, which greatly accelerates the development of this field. This article aims to identify key evaluation indicators for users' satisfaction of the Academic Library WeChat Official Account (ALWCOA) as a reference for future improvements.

Based on the updated DeLone and McLean (D&M)’s model and Delphi method, an evaluation system of ALWCOA satisfaction was constructed. Then 212 university students were recruited to fill out a questionnaire on evaluation indicators. The grey relational analysis (GRA) and Pareto's principle were employed to analyze the questionnaire and select key evaluation indicators.

An ALWCOA service satisfaction evaluation system with three evaluation dimensions and 15 evaluation indicators was constructed, and three key evaluation indicators were identified, including service responsiveness, information timeliness and system security.

This article provides a strategy for assessing ALWCOA service satisfaction, as well as insights for improving of ALWCOA service. Specifically, academic libraries should pay more attention to improving service responsiveness, information timeliness and system security.

This article innovatively applied the updated D&M model in academic library service. Additionally, it facilitates the development of research fields, such as academic library services, microservices and user service evaluation, and provides a case study to better understand the WCOA.

This paper presents a comprehensive study using bibliometric and social network analysis (SNA) to depict the academic community, research hotspots and the correlation between research performance and social network measurements within Library Hi Tech.

Publications from Library Hi Tech between 2010 and 2022 are reviewed and analysed through coauthorship analysis, co-occurrence analysis, SNA and the Spearman rank correlation test.

The annual number of publications in Library Hi Tech increased from 2016 to 2022, indicating that this research has gradually gained global attention. The USA and China are the most significant contributors to the relevant publications. Scholars in this field mainly engage in small-scale cooperation. Academic libraries, digital libraries, libraries, information technology and COVID-19 were hot topics during the study period. In light of the COVID-19 pandemic, there was a marked increase in research on healthcare. Academic interest in the internet of Things and social media has proliferated recently and may soon attract more attention. Spearman rank correlation analysis shows that research performance (i.e. publication count and citation count) is significantly and positively correlated with social network measurements (i.e. degree centrality, betweenness centrality, closeness centrality and eigenvector centrality) in studies of Library Hi Tech.

This paper reveals a systematic picture of the research landscape of Library Hi Tech and provides a potential guide for future research. The relationship between scientific research performance and social network measurements can be objectively identified based on statistical knowledge.

The purpose of this paper is to present a novel swarm intelligence optimizer — pigeon-inspired optimization (PIO) — and describe how this algorithm was applied to solve air robot path planning problems.

The formulation of threat resources and objective function in air robot path planning is given. The mathematical model and detailed implementation process of PIO is presented. Comparative experiments with standard differential evolution (DE) algorithm are also conducted.

The feasibility, effectiveness and robustness of the proposed PIO algorithm are shown by a series of comparative experiments with standard DE algorithm. The computational results also show that the proposed PIO algorithm can effectively improve the convergence speed, and the superiority of global search is also verified in various cases.

In this paper, the authors first presented a PIO algorithm. In this newly presented algorithm, map and compass operator model is presented based on magnetic field and sun, while landmark operator model is designed based on landmarks. The authors also applied this newly proposed PIO algorithm for solving air robot path planning problems.

Taking a 2,000 r/min 10 kW permanent magnet motor as an example, the purpose of this paper is to study the influence of driving modes on the performance of permanent magnet motor at limit conditions, and researched the variation mechanism of motor performance influenced by different driving modes.

A two-dimensional electromagnetic field model of the permanent magnet motor was established, and a rectangular-wave driving circuit was built. By using the finite element method, the electromagnetic field, current, harmonic content and eddy current loss were calculated when the motor operated at rated load and limit load. On the basis of the motor loss calculation, the temperature field of the motor operating at rated condition and limit condition was researched, and the factors that influence motor limit overload capacity were analyzed. By analyzing the motor loss variation at different load conditions, the change mechanism of the motor temperature field was determined further. Combined with the related experiments, the correctness of the above analysis was verified.

Permanent magnet synchronous motor (PMSM) driven by sine wave is better compared with brushless direct current motor (BLDCM) driven by rectangular wave in reducing the magnetic field harmonics, motor losses and optimizing the temperature distribution in the motor. The method driven by sine wave could improve the motor output performance including the motor efficiency and the motor overload capacity. The winding temperature is the most important factor that limits the output capability of PMSM operating for a long time. However, because of the large rotor eddy current losses, the permanent magnet temperature is the most important factor that limits the output capability of BLDCM operating for a long time.

The influence of driving modes on the motor magnetic field, losses and temperature distribution, efficiency and overload capacity was determined, and the influence mechanism was also analyzed. Combined with the analysis of the electromagnetic and temperature fields, the advantages of different driving modes were presented. This study could provide an important basis for the design of permanent magnet motors with different driving modes, and it also provides reference for the application of permanent magnet motor.

This paper presents the influence of driving modes on permanent magnet motors. The limit output capacity of the motor with different driving modes was studied, and the key factors limiting the motor output capability were obtained.

The purpose of this study is to calculate the normal force of a two degree of freedom direct drive induction motor considering coupling effects based on an analytical model. Compared with the traditional single degree of freedom motor, normal force characteristics of two-degree-of-freedom direct drive induction motor (2DOFDDIM) is affected by coupling effect when the machine is in a helical motion. To theoretically explain the influence mechanism of coupling effect, this paper conducts a quantitative analysis of the influence of coupling effect on normal force based on the established analytical model of normal force considering coupling effect.

Firstly, the normal forces generated by 2DOFDDIM in linear motion, rotary motion and helical motion are investigated and compared to prove the effect of the coupling effect on the normal force. During this study, several coupling factors are established to modify the calculation equations of the normal force. Then, based on the multilayer theoretical method and Maxwell stress method, a novel normal force calculation model of 2DOFDDIM is established taking the coupling effect into account, which can easily calculate the normal force of 2DOFDDIM under different motions conditions. Finally, the calculation results are verified by the results of 3D finite element model, which proves the correctness of the established calculating model.

The coupling effect produced by the helical motion of 2DOFDDIM affects the normal force.

In this paper, the analytical model of the normal force of 2DOFDDIM considering the coupling effect is established, which provides a fast calculation for the design of the motor.

This paper aims to extend the Fama and French (FF) three‐factor model in studying time‐varying risk premiums of Sector Select Exchange Traded Funds (ETFs) under a Markov regime‐switching framework.

First, the original FF model is augmented to include three additional macro factors – market volatility, yield spread, and credit spread. Then, the FF model is extended to a model with a Markov regime switching mechanism for bull, bear, and transition market regimes.

It is found that all market regimes are persistent, with the bull market regime being the most persistent, and the bear market regime being the least persistent. Both the risk premiums of the Sector Select ETFs and their sensitivities to the risk factors are highly regime dependent.

The regime‐switching model has a superior performance in capturing the risk sensitivities of the Sector Select ETFs, that would otherwise be missed by both the FF and the augmented FF models.

This is the first research on Sector Select ETFs with Markov regime switching.

The impact of the loop current (LC) on the motor magnetic field in the analysis of the inter-turn short circuit (ITSC) fault is always ignored. This paper made a comparative study on the electromagnetic field of permanent magnet synchronous motors (PMSM). The purpose of this study is to explore the necessary of the LC existing in the fault analysis and the electromagnetic characteristics of the PMSM with the ITSC fault when taking into account the LC.

Based on the finite element method (FEM), the fault model was established, and the magnetic density of the fault condition was analyzed. The induced electromotive force (EMF) and the LC of the short circuit ring were studied. The three-phase induced EMF and the unbalance of the three-phase current under the fault condition were studied. Finally, a prototype test platform was built to obtain the data of the fault.

The influence of the fault on the magnetic density was obtained. The current phase lag when the ITSC fault occurs causes the magnetic enhancement of the armature reaction. The mechanism that LC hinders the flux change was revealed. The influence of the fault on the three-phase-induced EMF symmetry, the three-phase current balance and the loss was obtained.

The value of the LC in the short circuit ring and the influence of it on the motor electromagnetic field were obtained. On the basis of the electromagnetic field calculation model, the sensitivity of the LC to the magnetic density, induced EMF, current and loss were analyzed.

The review examines the existing literature on blockchain-based small and medium enterprise (SME) finance and highlights its trend, themes, opportunities and challenges. Based on these factors, the authors create a framework for the existing literature on blockchain-based SME financing and lay down future research paths.

The review follows a systematic approach. It includes 53 articles encompassing multiple dimensions of blockchain-based SME finance, including peer-to-peer lending platforms, supply chain finance (SCF), decentralized lending protocols and tokenization of assets. The review critically evaluates these approaches' theoretical underpinnings, empirical evidence and practical implementations.

The review demonstrates that blockchain-based SME finance holds significant promise in addressing the credit gap by leveraging blockchain technology's decentralized and transparent nature. Benefits identified include reduced information asymmetry, improved access to financing, enhanced credit assessment processes and increased financial inclusion. However, the literature acknowledges several challenges and limitations, such as regulatory uncertainties, scalability issues, operational complexities and potential security risks.

The article contributes to the growing knowledge of blockchain-based SME finance by synthesizing and evaluating the existing literature. It also provides a framework for the existing literature in the area and future research paths. The study offers insights for researchers, policymakers and practitioners seeking to understand the potential of blockchain technology in filling the SME credit gap and fostering economic development through improved access to finance for SMEs.