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Article
Publication date: 19 September 2018

Ya-long Wei, Dan Long, Yao-kuang Li and Xu-sheng Cheng

The purpose of this paper is to build a research model to examine the effects of business planning on the new venture emergence, as well as to examine the moderating effects of…

1917

Abstract

Purpose

The purpose of this paper is to build a research model to examine the effects of business planning on the new venture emergence, as well as to examine the moderating effects of innovativeness of products.

Design/methodology/approach

Four hypotheses are put forward and examined by hierarchical binary logistic regression. The data of this paper are based on the first two waves of data from Chinese Panel Study of Entrepreneurial Dynamics project.

Findings

Results show that engaging in business planning has a positive effect on the new venture emergence, and the timing of business planning does not affect the new venture emergence significantly. This study also finds that the innovativeness of products has a positive moderating effect on the relationship between the timing of business planning and the new venture emergence.

Research limitations/implications

This study has some limitations. The innovativeness of products is measured by a single indicator, which may not completely reflect the meaning of the attribute. Moreover, this study explores new ventures only in the nascent stage.

Practical implications

The study is useful for entrepreneurs to realize the importance of business planning. First, engaging in business planning in early start-up stage is a very valuable activity, because business planning can help new ventures reduce the loss caused by trial and error learning. Second, engaging in business planning is more likely to ensure high innovative products quickly be accepted by the market. Because in the process of new venture emergence, the legitimacy signal to stakeholders can be transmitted and new products can be promoted to get support and recognition from stakeholder through the business plan.

Originality/value

This paper focuses on the early stage of new venture life cycle and the contextual factors to explore the influence of business planning on the new venture emergence under the logic of legitimacy. This paper could enrich business planning research from the perspective of legitimacy theory by inspiring scholars to focus on the differences between new ventures and mature enterprises and to offer proposals of legitimation strategies suitable for new ventures. Meanwhile, this study contributes to the understanding of the contextual factors of business planning. And it discusses the impact of the attribute in business planning on the new venture emergence, which helps scholars to get a deep thought about the value of business planning in entrepreneurial process.

Details

Chinese Management Studies, vol. 12 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

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Article
Publication date: 10 January 2023

Sheng Xu, Linfeng Zhou and Patrick X.W. Zou

The quality liability of prefabricated components (PCs) is a major issue among key stakeholders. The blockchain-based quality tracking systems are supposed to support a more…

550

Abstract

Purpose

The quality liability of prefabricated components (PCs) is a major issue among key stakeholders. The blockchain-based quality tracking systems are supposed to support a more transparent and trusting quality control process. However, many factors affect the stakeholders' willingness toward the adoption of such quality tracking systems. The purpose of this research is to investigate the key factors that influence the stakeholders' adoption decisions toward the application of the quality tracking system in PCs and develop coping strategies.

Design/methodology/approach

An evolutionary game model is established that includes the manufacturer, constructor and developer. Four scenarios of equilibriums and the game's evolutionary stable strategies are analyzed, and the corresponding stability conditions are then obtained. Based on the tripartite game model, two representative projects are used as case studies to simulate how different factors affect the stakeholders' decisions.

Findings

First, trade-offs between cost and benefits were the most prominent factor in the adoption decision-making. Second, the advancement of technologies would compensate for their immaturity. Third, subsidy and penalty provision of the developer and high-level trust both incentivize the stakeholders to adopt the quality tracking systems.

Originality/value

This research investigates the influence of technology, environment and participant related factors on the adoption decisions of the quality tracking system for PCs and discovered that technology maturity and advancement played an essential role. It is expected that the research findings would be of value to policy makers and project management personnel for better quality control of prefabricated construction.

Details

Engineering, Construction and Architectural Management, vol. 31 no. 6
Type: Research Article
ISSN: 0969-9988

Keywords

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Article
Publication date: 30 December 2020

Sheng Xu, Qingde Yue and Binbin Lu

The implementation of the innovation-driven development strategy is of practical significance for improving the quality and efficiency of economic growth and accelerating the…

339

Abstract

Purpose

The implementation of the innovation-driven development strategy is of practical significance for improving the quality and efficiency of economic growth and accelerating the transformation of economic development mode. The purpose of this paper is to study the impact of innovation-driven strategies on marine industry agglomeration and industrial transformation.

Design/methodology/approach

In traditional grey correlation analysis, when the positive and negative areas cancel each other out during the integration process, the calculation result of the correlation degree is often inconsistent with the qualitative analysis. For this reason, from the perspective of curve similarity, this paper constructs two response curves through the relative change area of the two curves and the relative area change ratio of similar degree, thus constructing an improved grey relational model.

Findings

The authors find that the innovation investment has a better correlation with marine industrial agglomeration. It also found that Guangdong Province has the highest degree of correlation between innovation indicators and marine industrial agglomeration. Much beyond the authors’ expectation, in the areas where marine industrial agglomeration is high, the synergistic effect is not obvious by using the location entropy method.

Originality/value

The improved grey correlation analysis method can effectively overcome the phenomenon that the positive and negative areas cancel each other in the integration process of the original algorithm, and it can also effectively measure the negative correlation between variables. This paper explores the impact of innovation drive on the agglomeration of marine industries, which is of great significance to the sustainable development of marine economy.

Details

Grey Systems: Theory and Application, vol. 12 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Available. Open Access. Open Access
Article
Publication date: 4 July 2022

Sheng Xu and Ke Gao

With the Chinese marine economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation…

2231

Abstract

Purpose

With the Chinese marine economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation, environmental protection, and sustainable development to solve.

Design/methodology/approach

In this paper, the entropy method is used to measure the development level of green finance, the DEA-ML index is used to measure the green total factor productivity which is used to indicate the high-quality development level of the marine economy in 11 coastal provinces (cities), then the grey correlation degree between them whose result shows that there is a certain correlation between the two variables is calculated. The fixed-effect model was used to analyze the relationship between them.

Findings

The results show that the development level of green finance can promote the high-quality development of the marine economy, but there are still some problems in the process of green finance supporting the marine economy.

Originality/value

This paper seeks new growth drivers, green finance, for the high-quality development of the marine economy, which few scholars have studied.

Details

Marine Economics and Management, vol. 5 no. 2
Type: Research Article
ISSN: 2516-158X

Keywords

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