Wenbo Qin, Antonio Sánchez Soliño and Vicente Alcaraz Carrillo de Albornoz
Though China is taking many steps to offer affordable houses to the public, the gap between the demand and supply for such affordable houses is still huge. Rapidly growing demand…
Abstract
Though China is taking many steps to offer affordable houses to the public, the gap between the demand and supply for such affordable houses is still huge. Rapidly growing demand for affordable housing has encouraged large Chinese cities, faced with housing imbalance, to invest in developing affordable properties. As a result, the Chinese central government has started to encourage local governments to use Public-Private Partnerships (PPPs) and private capital to supplement the funding deficit. There is also an on-going debate regarding the need to establish prerequisites for institutions to meet in order to achieve effective PPPs. In this paper, we examine what the current institutional environment is in China and how China is meeting these prerequisites for effective PPPs. We also examine the main programs on affordable housing and propose a potential field for using PPPs. We draw the conclusion that PPPs are more favorable for renting-oriented type projects than owning-oriented projects. In this context, the advantages of the PPP model for China's renting-oriented affordable housing programs are would be the provision of private financing, the enhancing efficiency by involving private sector experts and the statement of bundling constructions and maintenance and operation work in the contract, which motivates the private sector to build properties up to standard for its cost efficiency from the whole project perspective.
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Wenbo Li, Bin Dan, Xumei Zhang, Yi Liu and Ronghua Sui
With the rapid development of the sharing economy in manufacturing industries, manufacturers and the equipment suppliers frequently share capacity through the third-party…
Abstract
Purpose
With the rapid development of the sharing economy in manufacturing industries, manufacturers and the equipment suppliers frequently share capacity through the third-party platform. This paper aims to study influences of manufacturers sharing capacity on the supplier and to analyze whether the supplier shares capacity as well as its influences.
Design/methodology/approach
This paper deals with conditions that the supplier and manufacturers share capacity through the third-party platform, and the third-party platform competes with the supplier in equipment sales. Considering the heterogeneity of the manufacturer's earning of unit capacity usage and the production efficiency of manufacturer's usage strategies, this paper constructs capacity sharing game models. Then, model equilibrium results under different sharing scenarios are compared.
Findings
The results show that when the production or maintenance cost is high, manufacturers sharing capacity simultaneously benefits the supplier, the third-party platform and manufacturers with high earnings of unit capacity usage. When both the rental efficiency and the production cost are low, or both the rental efficiency and the production cost are high, the supplier simultaneously sells equipment and shares capacity. The supplier only sells equipment in other cases. When both the rental efficiency and the production cost are low, the supplier’s sharing capacity realizes the win-win-win situation for the supplier, the third-party platform and manufacturers with moderate earnings of unit capacity usage.
Originality/value
This paper innovatively examines supplier's selling and sharing decisions considering manufacturers sharing capacity. It extends the research on capacity sharing and is important to supplier's operational decisions.
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This rejoinder aims to critique some of the perspectives in Chen’s (2018) study on hospitality and host–guest paradigm in China.
Abstract
Purpose
This rejoinder aims to critique some of the perspectives in Chen’s (2018) study on hospitality and host–guest paradigm in China.
Design/methodology/approach
In this preliminary probe into Chen’s study, critical analysis is performed on Chen’s approaches, whereas document analysis is applied to the relevant ancient Chinese writings. Translations are the author’s own unless indicated otherwise.
Findings
Chen’s views are problematic and supported by patchy evidence. “Hierarchy principle” and “host-centric foundation” do not hold up. In a series of asymmetrical comparisons, Chen goes a bit too far in arguing for uniqueness.
Originality/value
This rejoinder presents valid critiques of Chen’s study, thus directing future research in the right direction. It is of some significance to clarify Chen’s misrepresentations and offer a truer and fuller account of Chinese hospitality, given the difficulty for international scholars to validate Chen’s views because of language barrier and cultural unfamiliarity.
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Wenbo Ma, Kai Li, Wei-Fong Pan and Xinjie Wang
The purpose of this paper is to construct an index for systemic risk in China.
Abstract
Purpose
The purpose of this paper is to construct an index for systemic risk in China.
Design/methodology/approach
This paper develops a systemic risk index for China (SRIC) using textual information from 26 leading newspapers in China. Our index measures the systematic risk from 21 topics relating to China’s economy and provides narratives of the sources of systemic risk.
Findings
SRIC effectively predicts changes in GDP, aggregate financing to the real economy and the purchasing managers’ index. Moreover, SRIC explains several other commonly used macroeconomic indicators. Our risk measure provides a helpful monitoring tool for policymakers to manage systemic risk.
Originality/value
The paper construct an index of systemic risk based on the information extracted from newspaper articles. This approach is new to the literature.
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Xin Zhao, Jie Li, Shunli Sun, Chongyang Han, Wenbo Zhu, Zhaokai He, Luxin Tang, Weibin Wu and Jiehao Li
Vehicle lightweight design has positive implications for reducing energy consumption and abating greenhouse gas emissions. The traditional trailer axle design mainly focuses on…
Abstract
Purpose
Vehicle lightweight design has positive implications for reducing energy consumption and abating greenhouse gas emissions. The traditional trailer axle design mainly focuses on the overall performance of the trailer axle. Only when the local performance does not meet the requirements will local performance optimization be done, such as local heat treatment to improve local strength. Such a design results in an uneven distribution of axle performance and excess performance in some local structures. The purpose of this study is to investigate the weight reduction on the premise of ensuring the structural dimensions of the outer surface of the axle remain unchanged and the reliability of the axle.
Design/methodology/approach
The axle is parameterized by computer aided design, and the optimized axle finite element model based on computer aided engineering is established and verified by taking the eight dimensions of the axle cavity structure which affect the performance as parameters. A genetic algorithm is used to optimize the axle cavity structure size and axle weight based on multiobjective optimization, and eight optimized size parameters of axle cavity structure are obtained.
Findings
The total weight of the optimized axle of TM1314 is reduced by 10.2 kg, and the weight reduction ratio reaches 10.7%. According to the optimized structural size of the axle, the specimen was trial-manufactured, and the bench tests of stiffness, strength and fatigue life were carried out according to the test requirements of the trailer axle standard (JT/T 475-2002). The test results show that the maximum deformation of the specimen is 2.46 mm, the strength safety factor of the specimen body and the steel plate spring seat are 6.71 and 6.86 and bear the alternating load more than 1.05 × 106 times, which meets the standard of the trailer axle and is better than the original design requirements of the trailer axle.
Originality/value
In this study, the multiobjective optimization model of the axle is established, the response surface is constructed by the Latin hypercube sampling design method and the optimal solution set is obtained by the multiobjective genetic algorithm. It has been verified by bench tests that it can achieve a weight reduction of 10.7% under the premise of the same structure and size of the outer surface of the axle. The lightweight method based on multiobjective optimization proposed in this paper can provide a reference for the lightweight design of other key vehicle components.
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Yang Ji, Erhua Zhou and Wenbo Guo
Anchored in the role of a social arbiter, the purpose of this study is to examine whether and how media coverage has an impact on CEO overconfidence and further explore how media…
Abstract
Purpose
Anchored in the role of a social arbiter, the purpose of this study is to examine whether and how media coverage has an impact on CEO overconfidence and further explore how media ownership and Confucianism affect the relationship in the Chinese context.
Design/methodology/approach
Using a sample of 1,492 Chinese listed companies from 2010 to 2015, the study adopts random effects models to empirically analyze the effect of media coverage on CEO overconfidence and the roles of media ownership and Confucianism.
Findings
The paper finds that media coverage is significantly and positively associated with CEO overconfidence, and the positive relationship between media coverage and CEO overconfidence becomes stronger for state-controlled media. What is more, the influence of media coverage on CEO overconfidence is attenuated for those firms located in stronger Confucianism atmosphere. A further analysis reveals that different tenors of media coverage yield asymmetric effects.
Originality/value
The paper provides a new and solid support for the argument that media praise stimulates CEO overconfidence and increases the knowledge about under what conditions CEO overconfidence varies, broadly speaking which fosters the development of upper echelons theory (UET). Meanwhile, the results extend the literature on media effect and information processing. The findings are also beneficial to improve corporate decisions and government regulation on Chinese media systems.
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Jiaxin Huang, Wenbo Li, Xiu Cheng and Ke Cui
This study aims to identify the key factors that influence household pro-environmental behaviors (HPEBs) and explore the differences caused by the same influencing factors between…
Abstract
Purpose
This study aims to identify the key factors that influence household pro-environmental behaviors (HPEBs) and explore the differences caused by the same influencing factors between household waste management behavior (HWM) and household energy-saving behavior (HES).
Design/methodology/approach
A meta-analysis was conducted on 90 articles about HPEBs published between 2009 and 2023 to find the key factors. HPEBs were further categorized into HWM and HES to investigate the difference influenced by the above factors on two behaviors. The correlation coefficient was used as the unified effect size, and the random-effect model was adopted to conduct both main effect and moderating effect tests.
Findings
The results showed that attitude, subjective norms, and perceived behavioral control all positively influenced intention and HPEBs, but their effects were stronger on intention than on HPEBs. Intention was found to be the strongest predictor of HPEBs. Subjective norms were found to have a more positive effect on HES compared to HWM, while habits had a more positive effect on HWM. Furthermore, household size was negatively correlated with HWM but positively correlated with HES.
Originality/value
The same variables have different influences on HWM and HES. These results can help develop targeted incentives to increase the adoption of HPEBs, ultimately reducing household energy consumption and greenhouse gas emissions and contributing to the mitigation of global warming.
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This paper aims to provide a theoretical guide for preserving ancient books in China.
Abstract
Purpose
This paper aims to provide a theoretical guide for preserving ancient books in China.
Design/methodology/approach
The paper reviews the history of the damage and preservation of ancient books in China, and analyzes the value attributes of ancient books: archaeological value, historical value and artistic value.
Findings
The paper proposes a preservation framework for Chinese ancient books. This framework is composed of three layers. The foundation layer is to preserve the physical entity of ancient books so that the archaeological values are preserved. The middle layer is to preserve the intellectual content of ancient books so that the values for historical research are preserved. The top layer is mainly about preserving the productions process of the artistic format of ancient books, so that not only the static artistic formats are preserved, the techniques and procedures to produce the artistic format are preserved as well.
Originality/value
The paper presents a framework that connects the value attributes of ancient books and the strategies to preserve those values, systematizes them and presents them as a whole. The framework can be used to justify government policies and help identify pitfalls in the preservation strategies for ancient books.