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Article
Publication date: 7 September 2020

Tianning Ma, Shuo Li and Xu Feng

This paper studies whether individual stocks provide higher returns than government bond in the Chinese market.

275

Abstract

Purpose

This paper studies whether individual stocks provide higher returns than government bond in the Chinese market.

Design/methodology/approach

The authors compare individual stock returns and government bond returns in the Chinese market.

Findings

The authors find that more than half of individual stocks underperform government bonds over the same period in China, which highlights the important role of positive skewness in the distribution of individual stock returns. The high return of a few stocks is the reason why the stock market return is higher than that of government bond in China.

Originality/value

The results of this paper emphasize that portfolio diversification plays an important role in the Chinese market.

Details

China Finance Review International, vol. 11 no. 2
Type: Research Article
ISSN: 2044-1398

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Article
Publication date: 27 September 2021

Michele Ciotti, Giampaolo Campana and Mattia Mele

This paper aims to present a survey concerning the accuracy of thermoplastic polymeric parts fabricated by additive manufacturing (AM). Based on the scientific literature, the aim…

406

Abstract

Purpose

This paper aims to present a survey concerning the accuracy of thermoplastic polymeric parts fabricated by additive manufacturing (AM). Based on the scientific literature, the aim is to provide an updated map of trends and gaps in this relevant research field. Several technologies and investigation methods are examined, thus giving an overview and analysis of the growing body of research.

Design/methodology/approach

Permutations of keywords, which concern materials, technologies and the accuracy of thermoplastic polymeric parts fabricated by AM, are used for a systematic search in peer-review databases. The selected articles are screened and ranked to identify those that are more relevant. A bibliometric analysis is performed based on investigated materials and applied technologies of published papers. Finally, each paper is categorised and discussed by considering the implemented research methods.

Findings

The interest in the accuracy of additively manufactured thermoplastics is increasing. The principal sources of inaccuracies are those shrinkages occurring during part solidification. The analysis of the research methods shows a predominance of empirical approaches. Due to the experimental context, those achievements have consequently limited applicability. Analytical and numerical models, which generally require huge computational costs when applied to complex products, are also numerous and are investigated in detail. Several articles deal with artificial intelligence tools and are gaining more and more attention.

Originality/value

The cross-technology survey on the accuracy issue highlights the common critical aspects of thermoplastics transformed by AM. An updated map of the recent research literature is achieved. The analysis shows the advantages and limitations of different research methods in this field, providing an overview of research trends and gaps.

Details

Rapid Prototyping Journal, vol. 28 no. 2
Type: Research Article
ISSN: 1355-2546

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Article
Publication date: 2 September 2020

I. Wayan Widnyana, I. Gusti Bagus Wiksuana, Luh Gede Sri Artini and Ida Bagus Panji Sedana

This study aims to analyze and explain the effect of financial architecture (with three dimensions: ownership structure, capital structure and corporate governance) and intangible…

2757

Abstract

Purpose

This study aims to analyze and explain the effect of financial architecture (with three dimensions: ownership structure, capital structure and corporate governance) and intangible assets on performance financial and corporate value in the Indonesian capital market.

Design/methodology/approach

This research was conducted on nonfinancial sector companies that were registered in the Indonesian capital market, namely Indonesia Stock Exchange (IDX) in 2015. This study used quantitative data and used secondary data sources, meaning that data were obtained, collected and processed from other parties. In this study, the hypothesis testing of the effect of financial architecture (included the dimensions of ownership structure, capital structure and corporate governance) and intangible assets on financial performance and corporate value using path analysis was performed.

Findings

The results of this study have provided findings that follow the research model that has been built (1) This research has been able to provide a theoretical model of the influence of financial architecture (with dimensions of ownership structure, capital structure and corporate governance), intangible assets, board processes on financial performance and company value in the Indonesian capital market. (2) To develop a theoretical model about the effect of corporate governance on financial performance in accordance with the two-tier system adopted by Indonesia. (3) An empirical study of the concept of financial architecture put forward by Myers (1999).

Originality/value

This research update lies in the research variable, which determines one value of the financial architecture variable comprehensively, combines the financial architecture variable and intangible assets to then be tested for its effect on company value and the use of the financial process variable as a board process as an intervening variable.

Details

International Journal of Productivity and Performance Management, vol. 70 no. 7
Type: Research Article
ISSN: 1741-0401

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Article
Publication date: 5 February 2018

Li Liu, Wen Qu and Janto Haman

The purpose of this paper is to examine the association between firm performance and product market competition (PMC), and then examine the mitigation effect of corporate…

3562

Abstract

Purpose

The purpose of this paper is to examine the association between firm performance and product market competition (PMC), and then examine the mitigation effect of corporate governance and/or state-ownership (SOEs) in the association between PMC and firm performance using Chinese listed firms.

Design/methodology/approach

The authors consider three determinants of the PMC that affect the nature of competition, and use market concentration, product substitutability and market size as proxies for PMC. The authors construct a corporate governance index which measures the extent of board independence, monitoring strength of supervisory board over board of directors, and monitoring strength of board of directors over CEO. The authors use Tobin’s Q as a proxy for firm performance. The authors use a sample of 20,706 firm-year observations listed on the Chinese stock market between 2001 and 2016 to empirically investigate the research questions proposed in the paper.

Findings

The authors find that higher PMC is associated with lower firm performance. The authors find that good corporate governance practices moderate the negative effect of higher PMC on firm performance. The association between higher PMC and lower performance is weaker for firms controlled by SOEs compared to non-SOEs. Further, the moderation effect of SOEs on the association between higher PMC and lower performance is more pronounced for firms with good corporate governance practices compared to firms with weak corporate governance practices.

Originality/value

Extant studies investigating the relationship between PMC and corporate governance suggest an either complementary or substitution relationship in developed economies. Our study highlights the interactive role played by SOEs and good corporate governance practices in firm performance in highly competitive product markets in an emerging economy. The findings provide insightful information to regulators of other emerging countries that SOEs with good corporate governance practices can play an important role in the economy by mitigating the negative effect of higher PMC on firm performance.

Details

Asian Review of Accounting, vol. 26 no. 1
Type: Research Article
ISSN: 1321-7348

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Article
Publication date: 25 July 2024

Ujjal Mukherjee and Saritha S.R.

The literature on unethical pro-organizational behavior (UPOB) has experienced significant growth in the past decade. However, there is limited research on the effects of…

391

Abstract

Purpose

The literature on unethical pro-organizational behavior (UPOB) has experienced significant growth in the past decade. However, there is limited research on the effects of organizational, team and malleable individual factors on UPOB. It is also necessary to explore its adverse effects for theoretical advancement and to uncover unexplored opportunities. This study aims to systematically examine the existing body of literature on UPOB, providing thorough theoretical, contextual and methodological insights.

Design/methodology/approach

Using the preferred reporting items for systematic reviews and meta-analysis technique, the authors identified 43 articles on UPOB from journals included in the ABDC-2019 list. The authors conducted an analysis of the identified articles and categorized them using a modified version of Paul and Rosado-Serrano’s (2019) TCCM framework.

Findings

Existing literature primarily focuses on attitudinal and contextual antecedents of UPOB, neglecting individual differences and their consequences. The review suggests that certain desired employee attitudes may also lead to UPOB. In addition, the study highlights underutilization of established behavioral theories, emphasizing the need for a more inclusive theoretical framework. The exploration identifies research gaps, including in multidisciplinary and transdisciplinary studies, aiming to broaden the research scope in this field.

Research limitations/implications

The study highlights the need for a more comprehensive theoretical framework to understand UPOB.

Practical implications

It cautions organizations fostering positive employee attitudes, such as job satisfaction, workplace spirituality and organizational commitment, as these may inadvertently promote UPOB.

Social implications

Socially, the paper highlights how engaging in UPOB affects the lives of involved employees.

Originality/value

This paper’s originality arises from its methodical review and categorization of prior research on UPOB using a distinctive, multidisciplinary research framework.

Details

International Journal of Ethics and Systems, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2514-9369

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Article
Publication date: 6 August 2019

Jin-Jin Mao, Shou-Fu Tian, Xing-Jie Yan and Tian-Tian Zhang

The purpose of this study is to examine the lump solutions of the (3 + 1)-dimensional nonlinear evolution equations by considering a (3 + 1)-dimensional generalized…

284

Abstract

Purpose

The purpose of this study is to examine the lump solutions of the (3 + 1)-dimensional nonlinear evolution equations by considering a (3 + 1)-dimensional generalized Kadomtsev–Petviashvili (gKP) equation and a (3 + 1)-dimensional variable-coefficient generalized B-type Kadomtsev–Petviashvili (vcgBKP) equation as examples.

Design/methodology/approach

Based on Hirota’s bilinear theory, a direct method is used to examine the lump solutions of these two equations.

Findings

The complete non-elastic interaction solutions between a lump and a stripe are also discussed for the equations, which show that the lump solitons are swallowed by the stripe solitons.

Originality/value

The dynamics of these solutions are analyzed to enrich the diversity of the dynamics of high-dimensional KP-type nonlinear wave equations.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 9
Type: Research Article
ISSN: 0961-5539

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Article
Publication date: 27 July 2021

Liqun Xiang, Yongtao Tan, Geoffrey Shen and Xin Jin

The applications of multi-agent systems (MASs) are considered to be among the most promising paradigms for detailed investigations and reliable problem-solving methods, and MAS…

1097

Abstract

Purpose

The applications of multi-agent systems (MASs) are considered to be among the most promising paradigms for detailed investigations and reliable problem-solving methods, and MAS applications make it possible for researchers and practitioners to better understand complex systems. Although a number of prior studies have been conducted to address complex issues that arise from construction projects, few studies have summarised the applications and discussed the capacity of MASs from the perspective of construction management. To fill the gap, this paper provides a comprehensive literature review of MAS applications from the perspective of construction management.

Design/methodology/approach

Web of Science and Scopus are the most commonly used international databases in conducting the literature reviews. A total of 86 relevant papers published in SCI-Expanded, SSCI and Ei Compendex journals related to the application of MASs from the perspective of construction management are selected to be analysed and discussed in this paper.

Findings

Based on the 86 collected publications, the utilisations of MASs to support the management of the supply chain and the improvement of project performance are identified from the perspective of construction management, the characteristics and barriers of current MAS applications are analysed, a framework for developing agent-based models to address complex problems is proposed, and future research directions of MAS applications are discussed.

Originality/value

This review can serve as a useful reference for scholars to enhance their understanding of the current research and guide future research on MASs. The proposed framework can help build agent-based models to address complex problems in construction management.

Details

Engineering, Construction and Architectural Management, vol. 29 no. 9
Type: Research Article
ISSN: 0969-9988

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Article
Publication date: 7 March 2023

Tian Huang, Guisheng Gan, Cong Liu, Peng Ma, Yongchong Ma, Zheng Tang, Dayong Cheng, Xin Liu and Kun Tian

This paper aims to investigate the effects of different ultrasonic-assisted loading degrees on the microstructure, mechanical properties and the fracture morphology of…

90

Abstract

Purpose

This paper aims to investigate the effects of different ultrasonic-assisted loading degrees on the microstructure, mechanical properties and the fracture morphology of Cu/Zn+15%SAC0307+15%Cu/Al solder joints.

Design/methodology/approach

A new method in which 45 μm Zn particles were mixed with 15% 500 nm Cu particles and 15% 500 nm SAC0307 particles as solders (SACZ) and five different ultrasonic loading degrees were applied for realizing the soldering between Cu and Al at 240 °C and 8 MPa. Then, SEM was used to observe and analyze the soldering seam, interface microstructure and fracture morphology; the structural composition was determined by EDS; the phase of the soldering seam was characterized by XRD; and a PTR-1102 bonding tester was adopted to test the average shear strength.

Findings

The results manifest that Al–Zn solid solution is formed on the Al side of the Cu/SACZ/Al joints, while the interface IMC (Cu5Zn8) is formed on the Cu side of the Cu/SACZ/Al joints. When single ultrasonic was used in soldering, the interface IMC (Cu5Zn8) gradually thickens with the increase of ultrasonic degree. It is observed that the proportion of Zn or ZnO areas in solders decreases, and the proportion of Cu–Zn compound areas increases with the variation of ultrasonic degree. The maximum shear strength of joint reaches 46.01 MPa when the dual ultrasonic degree is 60°. The fracture position of the joint gradually shifts from the Al side interface to the solders and then to the Cu side interface.

Originality/value

The mechanism of ultrasonic action on micro-nanoparticles is further studied. By using different ultrasonic loading degrees to realize Cu/Al soldering, it is believed that the understandings gained in this study may offer some new insights for the development of low-temperature soldering methodology for heterogeneous materials.

Details

Microelectronics International, vol. 40 no. 2
Type: Research Article
ISSN: 1356-5362

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Article
Publication date: 1 February 1999

Brian H. Kleiner

Devotes the entire journal issue to managing human behaviour in US industries, with examples drawn from the airline industry, trading industry, publishing industry, metal products…

18300

Abstract

Devotes the entire journal issue to managing human behaviour in US industries, with examples drawn from the airline industry, trading industry, publishing industry, metal products industry, motor vehicle and parts industry, information technology industry, food industry, the airline industry in a turbulent environment, the automotive sales industry, and specialist retailing industry. Outlines the main features of each industry and the environment in which it is operating. Provides examples, insights and quotes from Chief Executive Officers, managers and employees on their organization’s recipe for success. Mentions the effect technology has had in some industries. Talks about skilled and semi‐skilled workers, worker empowerment and the formation of teams. Addresses also the issue of change and the training that is required to deal with it in different industry sectors. Discusses remuneration packages and incentives offered to motivate employees. Notes the importance of customers in the face of increased competition. Extracts from each industry sector the various human resource practices that companies employ to manage their employees effectively ‐ revealing that there is a wide diversity in approach and what is right for one industry sector would not work in another. Offers some advice for managers, but, overall, fails to summarize what constitutes effective means of managing human behaviour.

Details

Management Research News, vol. 22 no. 2/3
Type: Research Article
ISSN: 0140-9174

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Article
Publication date: 1 March 1997

Yue Ma

Since the early 1980s, with the implementation of the policy of economic modernization, China has experienced a significant increase in crime. In order to meet the challenge of…

1466

Abstract

Since the early 1980s, with the implementation of the policy of economic modernization, China has experienced a significant increase in crime. In order to meet the challenge of the rising crime rate under the new social and economic conditions, China has implemented a series of police reforms. Based on the newly promulgated Police Law and other relevant laws and regulations, discusses the organization, functions, powers and accountability issues of the contemporary Chinese police system.

Details

Policing: An International Journal of Police Strategies & Management, vol. 20 no. 1
Type: Research Article
ISSN: 1363-951X

Keywords

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