Search results

To accelerate the development of low-carbon industry in Zhaoqing City, transform the mode of economic growth, and promote industrial transformation and upgrading, the SWOT analysis method was applied. From the four aspects of strengths, weaknesses, opportunities and threats, the feasibility of developing a low-carbon economy in Zhaoqing was systematically analyzed. From the adjustment of industrial structure, the optimization of energy structure, the promotion of low-carbon tourism, the development of circular economy, and the enhancement of carbon sink capacity, the development path of low-carbon economy was explored. Based on the above analysis, a low carbon development plan was prepared. From the implementation of low-carbon development strategy, the choice of low-carbon economy pilot, and the low-carbon economic security system, the implementation steps of Zhaoqing's low-carbon economy were discussed in detail. The results showed that the low-carbon economy concept provided some ideas for Zhaoqing's economic development. Therefore, Zhaoqing is still in its infancy. The city's transportation system is not perfect. To develop a low-carbon economy, governments, enterprises, and individuals need to participate actively.

The purpose of this paper is to study the variance risk premium in corn and soybean markets, where the variance risk premium is defined as the difference between the historical realized variance and the corresponding risk-neutral expected variance.

The authors compute variance risk premiums using historical derivatives data. The authors use regression analysis and time series econometrics methods, including EGARCH and the Kalman filter, to analyze variance risk premiums.

There are moderate commonalities in variance within the agricultural sector, but fairly weak commonalities between the agricultural and the equity sectors. Corn and soybean variance risk premia in dollar terms are time-varying and correlated with the risk-neutral expected variance. In contrast, agricultural commodity variance risk premia in log return terms are more likely to be constant and less correlated with the log risk-neutral expected variance. Variance and price (return) risk premia in agricultural markets are weakly correlated, and the correlation depends on the sign of the returns in the underlying commodity.

Commodity variance (i.e. volatility) risk cannot be hedged using futures markets. The results have practical implications for US crop insurance programs because the implied volatilities from the relevant options markets are used to estimate the price volatility factors used to generate premia for revenue insurance products such as “Revenue Protection” and “Revenue Protection with Harvest Price Exclusion.” The variance risk premia found implies that revenue insurance premia are overpriced.

The empirical results suggest that the implied volatilities in corn and soybean futures market overestimate true expected volatility by approximately 15 percent. This has implications for derivative products, such as revenue insurance, that use these implied volatilities to calculate fair premia.

Mixed fermentation with Saccharomyces cerevisiae and non-Saccharomyces yeasts has become an oenlogical tool to improve wines’ organoleptic properties. However, the maximum utilization of this method is dependent upon understanding the influence of mixed cultures on the physiology of S.cerevisiae and non-Saccharomyces yeasts.

In this study, the supernatants from 48 h mixed-culture fermentation were added to the pure cultures of Issatchenkia orientalis and Saccharomyces, respectively. And the authors used RNA sequencing to determine the transcriptome change of I.orientalis and S.cerevisiae in a mixed culture.

The results showed that multiple genes associated with cell growth and death were differentially expressed. Genes related to biosynthesis of amino acids were enriched among those upregulated in the mixed-fermentation supernatant. Meanwhile, the differential expression level of genes encoding enzymes essential for formation of aroma compounds was found in the single and in the mixed fermentation. The high expression level of molecular chaperones Hsp70, Hsp90 and Hsp110 suggests that metabolites of mixed-culture fermentation may lead to aggregation of misfolded proteins. Moreover, upregulation of ethanol dehydrogenase I ADH1 in the mixed-culture fermentations was highlighted.

This is the first time that RNA-seq was used to analyze changes in the transcriptome of mixed cultures. According to the results the authors’ manuscript provided, an integrated view into the adaptive responses of S.cerevisiae and non-Saccharomyces yeasts to the mixed-culture fermentation is benefit for the potential application of S.cerevisiae and non-Saccharomyces yeasts in fruit wine brewing.

Digital innovation has become an important driving force for organizational development. It is an important factor to improve the cooperative behavior of project performance, but the related research ignores the influence of digital innovation of construction projects on the cooperative behavior of all participants. Therefore, this study discusses the comprehensive influence of digital innovation on cooperative behavior in construction projects and provides references for formulating reasonable digital innovation strategies.

This study constructs a theoretical model according to the logical thread of “digital innovation → capital → cooperative behavior,” and discusses how construction project participants can improve their cooperative performance through digital innovation. And bring the institutional environment into the research framework as a regulating variable. Subsequently, this study uses the survey data of 276 construction employees from China to verify and analyze the theoretical model by structural equation model (SEM) and explains the action path and boundary conditions of “digital innovation-cooperation behavior.”

(1) Digital innovation has a negative impact on the cooperative behavior of all participants in the construction project; (2) As a complete intermediary variable, human capital helps to amplify the positive impact of digital innovation on cooperative behavior and (3) The institutional environment plays a positive regulatory role between digital innovation and human capital. The discussion of the results can guide the construction project organization and management personnel to formulate reasonable digital innovation strategies.

This study investigates the influence mechanism and boundary conditions of digital innovation on the cooperative behavior among the participants in construction projects through empirical research. These research results enrich the related literature of digital innovation in theory, expand the research scope of project cooperation and fill the gap in studying how digital innovation affects cooperation behavior from the perspective of construction projects. And by discussing the role of digital innovation, scholars can deepen their understanding of the antecedents of human capital. In addition, by examining the regulatory role of the institutional environment, the boundary conditions of digital innovation are discussed.

Previous studies have produced inconsistent findings regarding the effects of resource constraints on corporate illegal behavior. This study aims to explore how entrepreneurial firms can overcome the difficulties generated by resource constraints.

Drawing on insights from general strain theory and focusing on listed entrepreneurial firms, this study proposes that failure to obtain enough resources through listing generates strain in the managers of listed entrepreneurial firms, driving them to resort to corporate financial fraud as a solution. Nevertheless, such relationships between resource constraints and the likelihood of corporate financial fraud can be weakened by innovation capability, because innovation capability can generate more confidence in their managers and relieve their strains, thereby dissuading them from engaging in corporate financial fraud.

According to our empirical results, both financial and human resource constraints are positively related to the likelihood of corporate financial fraud in listed entrepreneurial firms, but such effects can be mitigated by innovation capability.

This study provides practical implications for both regulators and managers by indicating that although entrepreneurial firms with resource constraints are more likely to commit financial fraud, innovation capability could be a strategic approach to enhance managers’ confidence and relieve the strain.

Our study contributes to the literature by enriching our understanding of the consequences of resource constraints in entrepreneurial firms and highlighting the strategic importance of innovation capability in mitigating such effects.

Effectuation, which articulates the process of entrepreneurial action based on nonpredictive control logic, is receiving extensive scholarly attention. What drives the effectual entrepreneurship is featured with high complexity. However, existing studies ignored the complex driving forces underlying entrepreneurial decision-making. Building on a configurational perspective, the purpose of this study was to examine the combinative effects of environmental uncertainty and entrepreneurs’ means on effectual entrepreneurship.

Drawing on 54 entrepreneurs who are launching new ventures in China, this study adopts a fuzzy-set Qualitative Comparative Analysis (fsQCA) to investigate two sets of antecedent conditions and how they form different combinations for a highly effectual entrepreneurship.

Our findings disclose four highly effectual entrepreneurship paths involving novice–specialist effectual entrepreneurship in a highly uncertain environment, socialite–specialist effectual entrepreneurship in a highly uncertain environment, pure-specialist effectual entrepreneurship and resourceful effectual entrepreneurship, and one path of barefoot noneffectual entrepreneurship in a highly uncertain environment, which reveals the complex nature of environmental uncertainty and entrepreneurs’ means in driving entrepreneurs to adopt effectuation.

Our study makes the following contributions. First, by taking a configurational perspective, we are able to obtain an elaborate view of the combined effects of environmental uncertainty and entrepreneurs’ means on effectual entrepreneurship. Second, we expand prior thinking on the relationship between environmental uncertainty and effectuation. Third, our study offers a more delicate understanding of entrepreneurs’ means in driving effectuation by splitting means into three separate factors.

This paper aims to deal with the coordination problem of the supply chain through cost sharing of corporate social responsibility (CSR) and government subsidy.

With respect to the coordination problem of the supply chain with CSR, this paper constructs a three-stage game model consisting of a dominant retailer, n suppliers and government. From the perspective of cost sharing and government subsidies, this paper discussed the decentralized and centralized decision-making, respectively. On this basis, this paper designed a coordination mechanism considering both cost sharing and government subsidies and explore the impact of cost sharing rate and government subsidy rate on CSR efforts, members’ profits and social welfare.

CSR can improve the profits of supply chain members and the overall performance of the supply chain. Then the profits of supply chain nodal enterprises will be affected by the fulfillment level of CSR of their partners. Furthermore, excessive CSR will erode the supply chain profits and cause resource waste. High CSR costs often make retailers low CSR effort level, while a high CSR cost sharing rate can reduce the profits of suppliers and the supply chain. In addition, excessive government subsidies will lead to the decline of social welfare. Excessive government subsidies will cause the dependence of enterprises and affect their operating efficiency.

The proposed coordination mechanism can effectively do with the coordination problem of the supply chain.

The proposed coordination mechanism considering cost sharing and government subsidies simultaneously can effectively deal with conflict problems and guarantee the supply chain members and the supply chain to maximize their profits and social welfare.

Recounts that in‐depth structured interviews were held with 17 masters students (studying Business Management or Marketing Management), including students from China, Taiwan, Hong Kong and Malaysia. Additionally, three interviews were carried out in Taiwan with managers which provided a limited amount of extra evidence.

The purpose of this paper is to solve new pricing issues faced by low-carbon companies in the Yellow River Basin, which is caused by the change of key pricing factors in the mixed appliance background of Big Data and blockchain, such as product quality and carbon-emission reduction CER level (hereafter, CER level).

We choose a low-carbon supply chain with a low-carbon manufacturer and a retailer as our research object. Then, we propose that using the ineffective effect of the CER level and the quality and safety level to reflect the relationships among the CER level, the quality and safety level and the market demand is more suitable in the new environment. Based on these, we revise the demand equation. Afterwards, by using Stackelberg game, four cost-sharing situations and their pricing rules are analyzed.

Results indicated that in the four cost-sharing situations, the change trends and the magnitudes of the best retail prices were not affected by the changes of the inputs of the demand information and the traceability services costs (hereafter, DITS costs), the proportion about retailer's DITS costs undertaken by the manufacturer, the ineffective effect coefficient of the CER level and the quality and safety level and the cost optimization coefficient. However, the cost-sharing situations could affect the change magnitudes of the best revenues.

This paper has two main contributions. First, this paper proposes a demand function that is more suitable for the mixed appliance background of Big Data and blockchain. Secondly, this paper improves the cost-sharing model and finds that demand information sharing and traceability service sharing have different impacts on key pricing factors of low-carbon product. In addition, this research provides a theoretical reference for low-carbon supply chain members to formulate pricing strategies in the new background.

Based on the theory of habitual domain, the purpose of this paper is to explore inter‐firm networks' mechanisms for coping with environmental change and for assisting firms to adapt to their collaborative networks. Business globalization is driving more and more individual firms to form inter‐firm collaborative networks. These networks need to develop new types of strategic capability in order not only to adopt a robust business process that will achieve high efficiency, but also to develop a network system for responding to external environmental changes.

With insights gained from the case study, the paper develops an analytical framework for deconstructing the network behavioral changes based on the network habitual domain concept and discusses the dual roles of the network‐based habitual domain in network behavioral changes.

This paper demonstrates how a Chinese telecommunications service company and its inter‐firm network became the market leader in one of the provincial capital cities in China within six years.

From an endogenous perspective, this paper contributes some useful concepts that may assist both academia and managers to identify network‐based habitual domains, improve the domains continuously, enhance their response capabilities, and formulate appropriate strategies according to the competition's requirements.