Search results
1 – 10 of 261
Propose a more comprehensive explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade (2005–2015).
Abstract
Purpose
Propose a more comprehensive explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade (2005–2015).
Approach
Case study on China’s exchange rate policies in three respective stages since 2005 and then a comparative study on these three stages.
Findings
Put forward a two-pronged explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade and arrive at three specific conclusions. First, external pressure is only one factor among many influencing the formation of China’s national interests (Guojia Liyi in Chinese) and the decision-making process on exchange rate policy. Second, national interest is the fundamental driving force and substratum for making China’s exchange rate policy. Third, in the short term, the specific exchange rate policies in different periods were not always in accordance to the national interests (or Guojia Liyi), due to the influences of some factors on the decision-making environment.
Value
The comprehensive view is conducive to better explaining the formation and fluctuations of China’s exchange rate policy and consequently contributes to understanding and even predicting future policies.
Details
Keywords
Xinhua Zhou, Guicheng Shi, Matthew Tingchi Liu and Huimei Bu
This paper aims to investigate the roles of renqing (reciprocal favor) and ganqing (positive affect) as consequences of relationship marketing investments (three dimensions…
Abstract
Purpose
This paper aims to investigate the roles of renqing (reciprocal favor) and ganqing (positive affect) as consequences of relationship marketing investments (three dimensions: financial, social and structural) and antecedents of customer loyalty.
Design/methodology/approach
A quantitative survey methodology using self-administered questionnaires has been adopted to collect data of 218 procurement staffs from the database of China Purchasing Managers’ Club. Hypotheses tests were conducted using structural equation modeling.
Findings
The results reveal that financial and social relationship marketing investments, but not structural relationship marketing investments, are crucial in evoking renqing and ganqing. The results also provide strong evidence of the relationship between renqing and ganqing, which in turn are necessary determinants of customer loyalty.
Originality/value
This research is among the first to examine and confirm renqing and ganqing as a mediating mechanism through which financial and social relationship marketing investments influence attitudinal loyalty, and also through attitudinal loyalty ultimately affects behavioral loyalty. Findings imply the need for Chinese firms in general, and business-to-business context in particular, to strategically lever on the key antecedents of customer loyalty including relationship marketing investments, renqing and ganqing, in pursuit of a more competitive advantage and long-term profit.
Details
Keywords
This paper aims to elucidate the systemic processes underlying the enhanced information-control measures taken by the Chinese Communist Party (CCP) under the leadership of…
Abstract
Purpose
This paper aims to elucidate the systemic processes underlying the enhanced information-control measures taken by the Chinese Communist Party (CCP) under the leadership of President Xi Jinping. The tightening of state information control has stimulated increasingly sophisticated methods of disseminating information on the part of professional and citizen journalists. Drawing on social systems theory as articulated by Niklas Luhmann and others, the authors frame the CCP’s enhanced information-control efforts as a response to the increasing systemic complexity of Chinese journalism, which is part of a self-reproducing, self-regulating (autopoietic) global journalism system. The authors use both subtle and overt protests over Chinese censorship as evidence for the journalism system’s increasing complexity and autonomy. The authors observe that levels of complexity ratchet up as the CCP and Chinese journalism counter each other’s moves. Finally, the authors suggest that the increasing complexity of the CCP’s information-control apparatus may be unsustainable.
Design/methodology/approach
The authors ground their argument in Luhmannian social systems theory.
Findings
The CCP's effort to control journalism leads to increased internal complexity in the form of huge bureaucracies that themselves must be overseen in an almost endless proliferation of surveillance.
Research limitations/implications
This paper contributes to theoretical work in post-humanism.
Originality/value
To the authors’ knowledge, no studies have examined the tension between CCP censors and Chinese journalism from a Luhmannian systems theory perspective.
Details
Keywords
Xinhua Guan, Zhenxing Nie, Catheryn Khoo, Wentao Zhou and Yaoqi Li
This study aims to explore the connection between travel content consumption in social networks and social comparison, envy as well as travel intention. It analyzes whether…
Abstract
Purpose
This study aims to explore the connection between travel content consumption in social networks and social comparison, envy as well as travel intention. It analyzes whether tourists’ travel intention is affected by travel content consumption in social networks, and more importantly, whether social comparison and envy play a mediating role in this process.
Design/methodology/approach
Data was collected through intercept in four popular tourist spots in Guangzhou and Zhuhai in South China. A self-administered questionnaire was used. A total of 400 participants were recruited, and 291 valid questionnaires were obtained. Bias-corrected nonparametric percentile bootstrap mediation variable test method was used to test hypotheses.
Findings
The study yielded three results. First, travel content consumption in the social networks positively influences travel intention. Second, travel content consumption in social networks indirectly affects travel intention through social comparison and envy. Third, the control variables, such as gender, age, education and income, mainly affect envy.
Originality/value
This study constructs a theoretical framework of stimulus–cognitive appraisal–emotion–behavioral responses. To the best of the authors’ knowledge, it is the first study to reveal that the internal psychological mechanism of travel content consumption affects travel intention. It also discloses that envy of seemingly negative emotions can encourage positive behaviors in certain situations.
Details
Keywords
- Social networks
- Content consumption
- Social comparison
- Envy
- Travel intention
- Cognitive appraisal theory of emotion
- Redes sociales
- consumo de contenido
- comparación social
- envidia
- intención de viaje
- teoría de evaluación cognitiva emocional
- 社交网络
- 内容消费
- 社会比较
- 嫉妒
- 旅游意向
- 情感认知评价理论
- Redes sociales
- Consumo de contenido
- Comparación social
- Envidia
- Intención de viaje
- Teoría de evaluación cognitiva emocional
Jiamin Peng, Xiaoyun Yang, Xinhua Guan, Lian Zhou and Tzung-Cheng Huan
Integrating conservation of resources (COR) and complexity theories, this study aims to develop and assess a research model of the relationship between job dissatisfaction and…
Abstract
Purpose
Integrating conservation of resources (COR) and complexity theories, this study aims to develop and assess a research model of the relationship between job dissatisfaction and brand sabotage behavior (BSB) based on the moderating mechanism of psychological resources (i.e. brand-based role identity and relational energy). The interdependence between these influencing factors is analyzed from the perspective of social science holism.
Design/methodology/approach
A total of 381 valid questionnaires were collected from frontliners serving in full-service restaurants in Guangzhou, China. Regression analysis was used to test the research hypotheses and combined with fuzzy-set qualitative comparative analysis to identify the complex triggering mechanism of BSB.
Findings
Job dissatisfaction is positively related to BSB, brand-based role identity internalization and relational energy weaken this effect, whereas brand-based role identity compliance strengthens it. Qualitative comparative analysis shows that a single condition does not constitute a necessary condition for BSB. The interdependence of job dissatisfaction and employee psychological resources forms multiple asymmetric paths that trigger high and low BSB.
Practical implications
The findings can be used by catering organizations as guidelines for conducting training for brand internalization, formulating strategies to avoid BSB among employees and strengthening brand building.
Originality/value
This study is the first to integrate COR and complexity theories to comprehensively analyze how BSB is formed among dissatisfied employees. The authors advance theory by distinguishing the role of brand psychological resources (i.e. brand-based role identity) and psychological resources obtained from the environment (i.e. relational energy) in stimulating or buffering dissatisfied employees to engage in BSB.
Details
Keywords
Teng Teng, Huifang Li, Ji Wu, Yang Zhou and Liangqing Zhang
In the sharing economy (SE), consumer misbehaviour is an operational challenge for platforms due to its negative outcomes. The psychological mechanism behind consumer misbehaviour…
Abstract
Purpose
In the sharing economy (SE), consumer misbehaviour is an operational challenge for platforms due to its negative outcomes. The psychological mechanism behind consumer misbehaviour remains unclear. As such, this research aims to investigate how consumers' sharing motivations affect their misbehaviours in the SE.
Design/methodology/approach
Drawing on motivated cognition theory, the authors establish a research model explaining the effects of consumers' sharing motivations on their cost–benefit analysis of misbehaviour and misbehaviour intention. A scenario-based online experiment is used to test the research hypotheses.
Findings
The results indicate that consumers' extrinsic and intrinsic motivations to share have different impacts on their perceived benefits and costs of potential misbehaviour, thereby influencing their misbehaviour intention.
Originality/value
This study reveals consumers' psychological mechanism underlying their misbehaviours in the SE and provides operational implications for platforms to help them effectively reduce consumer misbehaviours through preventive measures.
Details
Keywords
Looks at an attempt by a Hong Kong legislator to find out the Chinese Government’s information on her prior to their privacy law. Concludes the unwillingness of governments and…
Abstract
Looks at an attempt by a Hong Kong legislator to find out the Chinese Government’s information on her prior to their privacy law. Concludes the unwillingness of governments and courts to enforce basic privacy principles of international law and own national legislation, does not bode well for data privacy acts, with regard to the cots of human privacy and security.
Details
Keywords
Due to climate change and an increasing concentration of the world’s population in vulnerable areas, how to manage catastrophe risk efficiently and cover disaster losses fairly is…
Abstract
Purpose
Due to climate change and an increasing concentration of the world’s population in vulnerable areas, how to manage catastrophe risk efficiently and cover disaster losses fairly is still a universal dilemma.
Methodology
This paper applies a law and economic approach.
Findings
China’s mechanism for managing catastrophic disaster risk is in many ways unique. It emphasizes government responsibilities and works well in many respects, especially in disaster emergency relief. Nonetheless, China’s mechanism which has the vestige of a centrally planned economy needs reform.
Practical Implications
I propose a catastrophe insurance market-enhancing framework which marries the merits of both the market and government to manage catastrophe risks. There are three pillars of the framework: (i) sustaining a strong and capable government; (ii) government enhancement of the market, neither supplanting nor retarding it; (iii) legalizing the relationship between government and market to prevent government from undermining well-functioning market operations. A catastrophe insurance market-enhancing framework may provide insights for developing catastrophe insurance in China and other transitional nations.
Originality
First, this paper analyzes China’s mechanism for managing catastrophic disaster risks and China’s approach which emphasizes government responsibilities will shed light on solving how to manage catastrophe risk efficiently and cover disaster losses fairly. Second, this paper starts a broader discussion about government stimulation of developing catastrophe insurance and this framework can stimulate attention to solve the universal dilemma.
Details