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Article
Publication date: 29 July 2014

Wei’an Li and Jian Xu

– This paper aims to examine the effectiveness of independent directors based on the perspective of strategic control.

793

Abstract

Purpose

This paper aims to examine the effectiveness of independent directors based on the perspective of strategic control.

Design/methodology/approach

This is an empirical study carried out between 2007 and 2012 based on a sample of Chinese A-share-listed companies.

Findings

The results indicate that the departure of a CEO provides conditions for the new CEO to become empowered to carry out strategic change. The behavior of a new CEO results in the phenomenon of “a new broom sweeps clean” and increases the scope of strategic change. In addition, the results indicate that the board’s independence negatively moderates the relationship between the CEO’s succession and the scope of strategic change, and that independent directors are effective in supervising risk-taking behavior on the part of the CEO which ultimately results in damaging company performance.

Practical implications

The corporate internal and external supervisory mechanisms should be improved during the process of succession of a new CEO, and the effectiveness of the supervision of board directors should also be strengthened during the implementation of the strategic process of a new CEO.

Originality/value

Previous research on the effectiveness of independent directors mostly focuses on financial control, with a single leap from independent directors to corporate performance, which neglects the strategic control of independent directors. From the micro perspective of the strategic control process as a means of discussing the independent directors’ watchdog role, this paper extends and enriches the research on “the effectiveness of independent directors”.

Details

Nankai Business Review International, vol. 5 no. 3
Type: Research Article
ISSN: 2040-8749

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Article
Publication date: 1 March 2013

Wei'An Li and Da'Ying Yan

This paper makes the first attempt to provide a new analytical framework for research on the evolution of China's corporate governance models. The purpose of this paper is to…

1833

Abstract

Purpose

This paper makes the first attempt to provide a new analytical framework for research on the evolution of China's corporate governance models. The purpose of this paper is to investigate developmental corporate governance mechanisms in China the over past decades from a synthetic and dynamic analytical viewpoint.

Design/methodology/approach

This is a conceptual paper.

Findings

The evolution of corporate governance from an administrative to an economic model in China was not a smooth process and was confronted with various unavoidable institutional and ideological obstacles. Consequently, the transition of governance models has demonstrated the following four salient characteristics: gradualism, dualism, systematization and path dependency.

Originality/value

This paper makes the first attempt to provide a new analytical framework for research on the evolution of China's corporate governance models.

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Article
Publication date: 2 March 2012

Wei'an Li, Yekun Xu, Jianbo Niu and Aichao Qiu

The literature on corporate governance has experienced an explosive growth in the past decade and presented some new trends. One purpose of this paper is to make an exploratory…

2243

Abstract

Purpose

The literature on corporate governance has experienced an explosive growth in the past decade and presented some new trends. One purpose of this paper is to make an exploratory survey of this. Since China is a typically emerging and transition economy, another purpose of this paper is to review some domestic studies with an intention to discover the evolution logic of corporate governance practices in China under a complicated and exclusive context, the third purpose is to provide future research directions.

Design/methodology/approach

This paper surveys recent literature in the field of corporate governance, intending to find out the development trends and extract the main line of literature on and practices of Chinese corporate governance.

Findings

In this paper, we find that recent literature on corporate governance provides some new insights into subtle characteristics of governance, governance effects of relational network, political connections, corporate governance evaluation and financial institutions governance. During the past decade, the literature on Chinese corporate governance has referred to some new areas during the transition process from administrative governance to economic governance. In addition to the above, we attempt to put forward an analytical framework and the proposition that Chinese corporate governance is in the transition process from administrative governance to economic governance.

Research limitations/implications

The authors propose some research topics where future studies on corporate governance may prove valuable, especially putting forward an analytical framework which can be used for discussing and analyzing corporate governance in China.

Originality/value

This paper reviews some new trends of literature on corporate governance and makes a contribution to corporate governance studies by providing fruitful directions, extracting the main line and analytical framework for China's mode during the transition process from administrative governance to economic governance.

Details

Nankai Business Review International, vol. 3 no. 1
Type: Research Article
ISSN: 2040-8749

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Article
Publication date: 1 January 2025

Yanwei Zhang, Xinhai Lu, Jinqiu Li and Chaoran Lin

Agricultural science and technology (AST) often need the form of industry-university-research cooperation in successfully completing breakthrough agricultural technology…

11

Abstract

Purpose

Agricultural science and technology (AST) often need the form of industry-university-research cooperation in successfully completing breakthrough agricultural technology innovations. Therefore, AST industry-university-research cooperation is not only the need of the AST development strategy in China but also the only way for the development of agricultural colleges and universities, agricultural scientific research institutions and agricultural enterprises. Among them, in the process of cooperative breakthrough agricultural technology innovation, the correct selection of partners is the basis for ensuring its effective operation.

Design/methodology/approach

Aiming at the time-series characteristics and information ambiguity of decision information in the dynamic selection process of AST industry-university-research partners, this research introduces the dynamic intuitionistic fuzzy multi-criteria decision-making method of time degree and orthogonal projection. On this basis, field theory is used to construct the cooperative innovation capability field model of the partners, and the threshold for the partners to enter or exit the system is designed to dynamically select and eliminate the partners.

Findings

Results show that this method fully considers the situation of cooperative innovation resources within the AST industry-university-research system and the resource complementarity of candidate partners.

Originality/value

Combined with examples from agricultural scientific research institutions, the applicability and superiority of the model are verified.

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Article
Publication date: 18 November 2024

Sudev Dutta, Sudhanshu Dogra and Sumit Sharma

The demand of species monitoring for the benefit of various sectors such as industrial, medicinal and ecological has surged rapidly in the recent past. Therefore, the purpose of…

30

Abstract

Purpose

The demand of species monitoring for the benefit of various sectors such as industrial, medicinal and ecological has surged rapidly in the recent past. Therefore, the purpose of this paper is to articulate the major developments in synthesizing conductive inks for the structurization of miniaturized as well as disposable or reusable electrochemical equipments.

Design/methodology/approach

This section is not applicable to a review paper.

Findings

Numerous times the need for the use point becomes significant for achieving accurate as well as swift quantification. As an alternate, the wearable and effectual reuseable electrochemical sensors are being practiced. The technique of fabricating devices using conductive inks encompasses novelty, as it provides flexibility in designing the electrodes. The increase in the popularity of inks development is governed by its features of simplicity, reduced cost and waste generation, high production and eco-friendly engineering procedures. Further, the electrochemistry aspects of conductive inks highlighting the importance of their compounds and binders has also been discussed emphasizing on the conductive materials.

Originality/value

This paper is an original review work. This paper will be helpful for manufacturers/researchers from smart wearable textile sector in envisaging innovative developing techniques of sensors as well as biosensors through conductive inks.

Details

Research Journal of Textile and Apparel, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1560-6074

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Article
Publication date: 1 February 2023

Lazim Abdullah, Herrini Mohd Pouzi and Noor Azzah Awang

This study aims to develop a cause-effect relationship between criteria that contribute to water security using the Intuitionistic Fuzzy-Decision-Making Trial and Evaluation…

245

Abstract

Purpose

This study aims to develop a cause-effect relationship between criteria that contribute to water security using the Intuitionistic Fuzzy-Decision-Making Trial and Evaluation Laboratory (IF-DEMATEL) method. Differently from the typical DEMATEL which utilizes crisp numbers, this modification introduces intuitionistic fuzzy numbers (IFNs) to enhance judgments in a group decision-making environment. In particular, the linguistic variables used in IF-DEMATEL are defined using the concept of three-tuple of IFNs.

Design/methodology/approach

Data with the linguistic variable “influence” were collected from a group of experts in water security via personal unstructured interviews. Seven water security criteria are considered in this study. Computational software was employed to execute the computational procedures of the IF-DEMATEL method. It is anticipated that by taking into account the hesitation degree of IFNs will reflect the scenario in real life, which could lead to precise decision-making.

Findings

The results show that “Over-Abstraction”, “Saltwater Intrusion” and “Limited Infrastructures” are the cause criteria that contribute to water security. In addition, the relationship map of influence shows that “Water Pollution” and “Rapid Urbanization” are the most vulnerable criteria as these two criteria are most easily affected by other criteria in a unidirectional relation.

Practical implications

It is anticipated that these findings will serve as useful references for water security management and policymakers.

Originality/value

The present study makes a noteworthy contribution to the modification of DEMATEL where three-tuple of intuitionistic fuzzy numbers are considered in the computations. The present study also provides additional evidence with respect to factors that contribute to water security.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 16 no. 3
Type: Research Article
ISSN: 1756-378X

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Article
Publication date: 7 August 2017

Enying Li, Fan Ye and Hu Wang

The purpose of study is to overcome the error estimation of standard deviation derived from Expected improvement (EI) criterion. Compared with other popular methods, a…

380

Abstract

Purpose

The purpose of study is to overcome the error estimation of standard deviation derived from Expected improvement (EI) criterion. Compared with other popular methods, a quantitative model assessment and analysis tool, termed high-dimensional model representation (HDMR), is suggested to be integrated with an EI-assisted sampling strategy.

Design/methodology/approach

To predict standard deviation directly, Kriging is imported. Furthermore, to compensate for the underestimation of error in the Kriging predictor, a Pareto frontier (PF)-EI (PFEI) criterion is also suggested. Compared with other surrogate-assisted optimization methods, the distinctive characteristic of HDMR is to disclose the correlations among component functions. If only low correlation terms are considered, the number of function evaluations for HDMR grows only polynomially with the number of input variables and correlative terms.

Findings

To validate the suggested method, various nonlinear and high-dimensional mathematical functions are tested. The results show the suggested method is potential for solving complicated real engineering problems.

Originality/value

In this study, the authors hope to integrate superiorities of PFEI and HDMR to improve optimization performance.

Details

Engineering Computations, vol. 34 no. 6
Type: Research Article
ISSN: 0264-4401

Keywords

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Article
Publication date: 5 June 2017

Michail Nerantzidis and Anastasios Tsamis

The purpose of this study is to review the prior empirical studies that investigate the corporate governance (CG) determinants and provide a synopsis, and explore the main factors…

1241

Abstract

Purpose

The purpose of this study is to review the prior empirical studies that investigate the corporate governance (CG) determinants and provide a synopsis, and explore the main factors that drive the level of CG disclosure in the Greek context.

Design/methodology/approach

The authors perform an extensive review of the relevant literature and identify 24 papers that use various potential factors. Afterwards, the authors construct two different GC indices to investigate these potentials, and the authors conduct multiple regression analysis to identify and explain these determinants.

Findings

The empirical analysis shows that large Greek listed firms are more likely to disclose more CG information in the CG statement. In addition, the analysis shows statistically significant association with performance-related variables (such as Tobin’s Q and liquidity) and CG-related variables (such as independent members, board meetings and women on board).

Research limitations/implications

The results of the study support theoretical arguments that Greek listed firms disclose CG information not only to fulfill task-related requirements but also to be perceived as social and legitimate.

Originality/value

To the best of the authors’ knowledge, this is the first study that provides a synopsis of the prior literature in CG determinants, while it goes one step further by using the majority of the potential factors that have been used so far. Moreover, this study uses a multi-theoretical framework to address theoretical development, an approach that generates an outline of fruitful directions for future research.

Details

Corporate Governance: The International Journal of Business in Society, vol. 17 no. 3
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 6 March 2017

Jinyu Yang, Bin Liu and Lihua Yuan

This paper comes to the point from the tax competition of local government in investment promotion and capital introduction. This paper aims to empirically examine the internal…

330

Abstract

Purpose

This paper comes to the point from the tax competition of local government in investment promotion and capital introduction. This paper aims to empirically examine the internal mechanism of enterprises obtaining land resources from local government and its resulting equity investment increase and economic consequences of overinvestment.

Design/methodology/approach

The data of China’s A-share listed companies from 2007 to 2014 were used to test the relationship between the increase in enterprise equity investment and the acquisition of land resources and overinvestment. The descriptive statistics, correlation analysis and least squares linear regression were used to solve the above question.

Findings

One of the reasons for the enterprise equity increase is to obtain scarce land resources. The enterprise acquisition for land resources leads to overinvestment. The equity investment increase from obtaining land resources will further stimulate enterprise group to overinvest.

Research limitations/implications

The authors could not get the actual data of land that subsidiaries have obtained directly. In this research, the authors get the data using consolidated statements and subsidiary statements indirectly.

Practical implications

The results make contributions to the influencing factors and economic consequence of the enterprise investment structural deviation.

Social implications

It provides reference to optimize the “interaction” relationship between government and enterprises.

Originality/value

It identified the “dual-channel” conduction mechanism between land resource acquisition and enterprise overinvestment.

Details

Nankai Business Review International, vol. 8 no. 1
Type: Research Article
ISSN: 2040-8749

Keywords

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Article
Publication date: 1 June 2015

Ron Berger

This paper aims to present the evolution of Chinese business ethics and CSR policy. China currently has business ethics and corporate social responsibility (CSR) concerns…

1472

Abstract

Purpose

This paper aims to present the evolution of Chinese business ethics and CSR policy. China currently has business ethics and corporate social responsibility (CSR) concerns primarily because its economy is in evolution. As the Chinese economy is in transition from the late 1970s from a command–Communist economy to a more hybrid system Beijing model (a system based on a capitalist market controlled through bureaucracy), much has to be understood if one wants to participate in its vast economic potential.

Design/methodology/approach

The study is based on the building of a model that depicts the evolution of business ethics in China as a base for further research.

Findings

With the rapid development of the Chinese economy, opportunities are opening up to Chinese entrepreneurs and connected officials. This has led to money worship and, in some cases, thorough unethical behavior. The uncertain and ever-changing rules of the game generate opportunity for business ethics and CSR problems. This wealth creates temptation and incentives to cut corners to get rich fast. Much research has tried to explain business ethics in China through the understanding of Guanxi (Chinese social network of reciprocal business relations common in Confucian cultures), but in my view, the evolutionary aspect of it is missing to explain the present and future situation. Whereas considerable research has dealt with the growth of Chinese industries in recent years, the key relationship between changes in its economy and shifts in Chinese business ethics has been neglected. This paper presents the evolution of Chinese business ethics and CSR policy.

Originality/value

The paper illustrates the evolution of Chinese business ethics and how one has to adapt if one wants to succeed in its ever evolving and maturing market. A model is presented that can assist in future research in the area.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 8 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

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