Tong Feng, Shuanghui Hao, Minghui Hao and Jianli Wang
As a type of angular displacement sensor, the Hall-effect magnetic encoder incorporates many advantages. While compared with the photoelectric encoder, the magnetic encoder…
Abstract
Purpose
As a type of angular displacement sensor, the Hall-effect magnetic encoder incorporates many advantages. While compared with the photoelectric encoder, the magnetic encoder nevertheless has lower precision and lower resolution. So, the purpose of this essay is to find a way to increase the precision and resolution of the magnetic encoder.
Design/methodology/approach
By combining a single-pole magnetic encoder and a multi-pole AlNiCo magnet, the precision and resolution of this combined magnetic encoder are increased without increasing its volume or complicating its structure. A special algorithm system is developed to ensure faithful encoding and decoding.
Findings
Tests show that the combined magnetic encoder, with a diameter of 67.12 mm (including shaft) and thickness of 6.9 mm, has a precision of ±6′, compared with a 15-bit photoelectric encoder and a static resolution of ±0.6′.
Originality/value
This new kind of magnetic encoder could be used in specialized fields which need high-precision servo-control systems that are small, have ultra-low-speed and high-speed ratios and are non-oil-polluting or shock-resistant.
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Aysun Ficici, Bo Fan, C. Bülent Aybar and Lingling Wang
This paper attempts to explore the interrelationships between the split-share structure reform and privatization processes in light of the interplay between the listing…
Abstract
Purpose
This paper attempts to explore the interrelationships between the split-share structure reform and privatization processes in light of the interplay between the listing announcements of the non-traditional shares of the Chinese firms within the steel industry and market reaction to these listed shares, as well as to analyze the value gained by the firms due to the privatization processes.
Methodology/approach
The paper examines market reaction to the listing announcements of non-traditional shares as traditional shares by employing event-study methodology. To determine the success of privatization process and value creation to the firm, the paper utilizes multivariate analysis.
Findings
The exogenous factors emphasized in a topographical order, explicitly profitability, efficiency, and leverage, are related to the privatization processes and split-share structure reform that impact the market. The study supports that market reacts positively to the listing announcements of non-traditional shares. Being listed improves value to the firm.
Research limitations/implications
The limitation of this study is the lack of data on country, industry, and firm factors; and this study merely relates to one specific industry and one country.
Originality/value
The paper fills a gap in the literature by articulating the impact of privatization and split-share structure reform on both market reaction and firm value. It focuses on the impact of a dynamic process rather than the impact of a static constituent on market reaction and firm value, as the previous studies have been concentrating on. The research shows that there is an accelerated privatization process of state-owned firms in Chinese steel industry and their integration in capital markets.
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Feng Shui (pronounced “fung shui”) means literally wind and water and is atype of geomancy or divination from nature. It originated in China, andrelates to nature and the position…
Abstract
Feng Shui (pronounced “fung shui”) means literally wind and water and is a type of geomancy or divination from nature. It originated in China, and relates to nature and the position of man and of buildings within it. Many hotels and restaurants in the Asia‐Pacific region have been specifically designed using feng shui principles, and recently Hilton International hotels used this as the focus of their advertising campaign. Discusses the origins of feng shui, and its impact on the location, design, layout, fixture and fittings and marketing of hotels and restaurants.
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The purpose of this paper is to provide the historical background of genealogical records and analyze the value of Chinese genealogical research through the study of names and…
Abstract
Purpose
The purpose of this paper is to provide the historical background of genealogical records and analyze the value of Chinese genealogical research through the study of names and genealogical resources.
Design/methodology/approach
The paper examines the historical evolution and value of Chinese genealogical records, with the focus on researching the Islamic Chinese names used by the people living in Guilin. The highlight of this paper includes the analysis and evolution of the Islamic Chinese names commonly adopted by the local people in Guilin. It concludes with the recommendations on emphasizing and making the best use of genealogical records to enhance the research value of Chinese overseas studies.
Findings
The paper covers the history of Islam and describes how the religion was introduced into China, as well as Muslims' ethnicity and identity. It also places focus on the importance of building a research collection in Asian history and Chinese genealogy.
Research limitations/implications
This research study has a strong subject focus on Chinese genealogy, Asian history, and Islamic Chinese surnames. It is a narrow field that few researchers have delved into.
Practical implications
The results of this study will assist students, researchers, and the general public in tracing the origin of their surnames and developing their interest in the social and historical value of Chinese local history and genealogies.
Social implications
The study of Chinese surnames is, by itself, a particular field for researching the social and political implications of contemporary Chinese society during the time the family members lived.
Originality/value
Very little research has been done in the area of Chinese local history and genealogy. The paper would be of value to researchers such as historians, sociologists, ethnologists and archaeologists, as well as students and anyone interested in researching a surname origin, its history and evolution.
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Hongxiu Li, Yong Liu, Chee-Wee Tan and Feng Hu
Building on the three-factor theory, this study aims to unravel how the role of hotel attributes such as basic, excitement and performance factors could differ in accordance with…
Abstract
Purpose
Building on the three-factor theory, this study aims to unravel how the role of hotel attributes such as basic, excitement and performance factors could differ in accordance with different hotel star ratings and distinct customer segments.
Design/methodology/approach
This study explores the asymmetric effects of hotel attributes on customer satisfaction by extracting 412,784 consumer-generated reviews from TripAdvisor across different cities in China.
Findings
By taking into account the origins of customers and hotel star ratings, the study uncovers that guests’ expectations of hotel performance differ with respect to their origins (domestic and international guests) and the star ratings of the hotels being reviewed, thereby moderating the asymmetric impact of hotel attributes on customer satisfaction.
Research limitations/implications
The study compares and contrasts the determinants of customer satisfaction for domestic and international guests in the context of Chinese hotels. Care should still be exercised when generalizing the insights gleaned from this study to other contexts.
Practical implications
The findings from this study translate into actionable guidelines for hotel operators to make informed decisions regarding service improvement.
Originality/value
The study extends previous work by offering a deeper understanding of the asymmetric impact of hotel attributes on customer satisfaction. Specifically, this study provides a deep understanding of the different hotel attributes such as basic, performance and excitement factors in explaining customer satisfaction among different hotel customer segments. Findings from this study can not only inform hotel operators on the significance of various hotel attributes in determining customer satisfaction but also guide the formulation of business strategies to retain customers by inducing delight and not frustration.
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Abstract
Purpose
In recent decades, related party transactions have been assailed by scholars and regulation authorities since related parties of a listed company may “tunnel” its resources, damaging the interests of other stakeholders. One kind of “tunneling” is capital impropriation, which is common but harmful in an emerging market where investor protection is weak. In contrast, a listed company may also impropriate capitals from its controlling business group or related parties reported as accrued liabilities in the financial statement of the listed company, which can be regarded as the “supporting hand” from related parties. Thus, the capital impropriation may be bidirectional. In fact, the capital impropriation is a financing behavior with low cost, and it can provide necessary working capital for some firms and reduce that for the other. Since the working capital is an important part of the firm's stock of capital, which can relax firms' short‐run financing constraints, it may significantly influence firms' capital investment behaviors. Therefore, how does the bilateral capital impropriation influences the capital investment of listed firms?
Design/methodology/approach
Using the data of Chinese listed firms in 2005 and 2006, this paper empirically investigates the effect of bidirectional capital impropriation on listed firms' capital investment efficiency.
Findings
Receivable items like accounting receivable or other accruals that related parties owe to the listed firms will reduce the capital expenditure of listed companies and reduce the sensitivity of investment‐cash flow relation. Actually, capital impropriation by listed firms may stimulate their capital investments and increase the sensitivity of investment‐cash since listed firms obtain capitals for future investments at a lower cost. In all, the bidirectional capital impropriation significantly affects the capital investment and sensitivity of investment‐cash flow of listed firms, and different direction of capital impropriation will lead to different investment efficiency. It should also be noted that capital impropriation is not necessarily something negative since it may sometimes reduce the overinvestment.
Originality/value
The paper provides more evidence to the capital investment of listed companies and identifies the factors influencing its efficiency from the perspective of bidirectional capital impropriation.
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Institutional actors are critical allies for grassroots movements, but few studies have examined their effects and variations within the non-democratic context. This chapter…
Abstract
Institutional actors are critical allies for grassroots movements, but few studies have examined their effects and variations within the non-democratic context. This chapter argues that while institutional allies are heavily constrained and unlikely to give open endorsement to grassroot activists, some institutional activists indirectly facilitate movement mobilization and favorable outcomes in the process of advancing their own political agendas. Drawing upon in-depth interviews conducted in 2008 and 2012, I illustrate this argument by examining the Anti-PX Movement – a landmark grassroots environmental movement against a chemical plant – in Xiamen, China. I find that the environmental institutional actors were constrained and divided, yet some still fostered opportunities for movement mobilization and in turn exploited the opportunity created by the protesters to pursue their policy interests, thus facilitating positive movement outcomes. As long as the claims are not politically subversive to the authoritarian rule, this type of tacit and tactical interaction between institutional activists within the state and grassroot activists on the street is conducive to promoting progressive policy changes.
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Noraini binti Omar, Norman Mohd-Saleh, Mohd Fairuz Md Salleh and Kamran Ahmed
The purpose of this paper is to examine the effect of ownership structure on the goodwill impairment policy of Malaysian listed firms. In particular, the authors test whether the…
Abstract
Purpose
The purpose of this paper is to examine the effect of ownership structure on the goodwill impairment policy of Malaysian listed firms. In particular, the authors test whether the direction and magnitude of goodwill impairment are related to whether firms are government or family controlled firms. Given the highly concentrated ownership of firms in Malaysia, the authors suggest that the “entrenchment effect” will take precedence over the “alignment effect”, which will be reflected in the accounting policy on goodwill valuation and impairment.
Design/methodology/approach
This study utilizes logistic and Tobit regressions to test the prediction, controlling for a range of factors that might affect the goodwill impairment decision. The data were manually collected through 579 firm-year observations from the financial reports of companies listed on the Bursa Malaysia web site for the period 2003-2009.
Findings
The authors find that family controlled firms are more likely to record goodwill impairment than non-family controlled firms. The results are, however, not significant in government-controlled firms. Similar evidence in prior studies finds that Malaysian firms are more likely to recognize and record higher goodwill impairment loss in their first year of adoption than in the subsequent years. Interestingly, in contrast to prior studies, longer chief executive officer (CEO) tenure is found to be positively associated with the likelihood to recognize and record higher impairment of goodwill.
Originality/value
This paper is one of few studies that examine the role of ownership structure on goodwill accounting policy choice where ownership structure is highly concentrated and government owned firms play a significant role in the economy. The paper also examines goodwill policy choice before, during the transition and subsequent to the adoption of the goodwill standard in Malaysia, which has not been addressed before.
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This chapter delves into how smart city innovations positively affect workforce efficiency, residents’ quality of life (QoL), and the delivery of services, particularly within the…
Abstract
This chapter delves into how smart city innovations positively affect workforce efficiency, residents’ quality of life (QoL), and the delivery of services, particularly within the dynamic context of smart cities: innovation, development, transformation, and prosperity. It discusses the role of technologies like cyber-physical systems, the Internet of Things, and intelligent transport systems in creating efficient, sustainable urban spaces that benefit the workforce and the broader community. The chapter highlights strategies for improving urban environments, ensuring workforce well-being, and fostering sustainable growth by examining the interplay between these technologies and urban living. The narrative emphasizes the necessity of ongoing innovation, policy support, and workforce adaptation, underscoring the importance of tailoring smart city initiatives to regional needs for maximal impact on employee performance, QoL, and service delivery. Additionally, it introduces a comprehensive framework designed to guide the development of next-generation smart cities. This framework integrates advanced technologies for optimized urban management and service provision, directly linking to enhanced employee performance through improved urban infrastructure and services. The strategic application of this framework aims to elevate economic prosperity and societal well-being, ensuring workforce efficiency is central to the urban development agenda. The enhanced employee performance, catalyzed by smart city innovations, is pivotal in driving economic vibrancy, social inclusivity, and environmental sustainability, shaping the future of urban development. This analysis will offer valuable insights for smart cities research and development in the Gulf Region, suggesting pathways for implementing these concepts to address the region’s urbanization and development challenges.
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Nguyen Thi Mai Anh, Lei Hui, Vu Dinh Khoa and Sultan Mehmood
The purpose of this paper is to investigate the relationship between relational capital and supply chain collaboration (SCC) and how this relationship relates to innovation. The…
Abstract
Purpose
The purpose of this paper is to investigate the relationship between relational capital and supply chain collaboration (SCC) and how this relationship relates to innovation. The authors propose a theoretical framework to illustrate the effect of relational capital on three dimensions of collaboration and radical and incremental innovation.
Design/methodology/approach
The paper has a quantitative approach. The authors conducted the survey to collect the data from 225 suppliers in the Hunan province of China. The proposed model is tested with exploratory factor analysis, confirmatory factor analysis and structural equation modelling.
Findings
The findings show that relational capital can facilitate information sharing and benefit/risk sharing when firms work together to achieve innovation. Furthermore, the results indicate that relational capital leads to radical innovation through facilitating information sharing among firms and helps in generating incremental innovation by encouraging firms to share risks and benefits with their partners.
Practical implications
The findings of this study give some suggestions for managers of the firms in terms of building their collaborative strategies. Managers should exploit relational capital to build successful and long-term collaboration. Also, through relational capital, managers can share information to create radical innovation or pool risks and share benefits with their customers to achieve incremental innovation.
Originality/value
This study provides a nuanced understanding of the relationship between relational capital, different dimensions of SCC and innovation in the context of a developing economy. Moreover, the findings provide a clearer understanding of the collaborative mechanism of relational capital and collaboration to achieve radical and incremental innovation.