The purpose of this paper is to explore the dynamic influence of WTI crude oil returns on the stock returns of China’s traditional energy sectors, including oil and gas…
Abstract
Purpose
The purpose of this paper is to explore the dynamic influence of WTI crude oil returns on the stock returns of China’s traditional energy sectors, including oil and gas exploitation, coal mining and processing, petroleum processing and coking, electricity, heat production and supply and mining services.
Design/methodology/approach
Hong’s information spill-over test and the DP Granger causality test are applied to investigate the relationship between the two markets. Moreover, a rolling window is introduced into the above two tests to capture time-varying characteristics of the influence of WTI crude oil returns.
Findings
The empirical results indicate that, first, there exists significant bidirectional linear causality between WTI crude oil returns and China’s traditional energy sectoral stock returns, but the nonlinear causality appears weaker. Second, the influence of WTI crude oil returns on traditional energy sectoral stock returns has time-varying characteristics and industry heterogeneity both in the linear and nonlinear cases. Finally, the decline of WTI crude oil prices may strengthen its linear influence on the stock returns of traditional energy sectors, while the excessive rise of market values in traditional energy sectors may weaken the linear and nonlinear influence of WTI on them.
Originality/value
The general nexus between international crude oil market and China’s traditional energy stock market is explored both in the linear and nonlinear perspectives. In particular, the dynamic linear and nonlinear influence of WTI crude oil returns on China’s traditional energy sectoral stock returns and its industry heterogeneity are analysed in detail.
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Bin Yao, Richard T.R. Qiu, Daisy X.F. Fan, Anyu Liu and Dimitrios Buhalis
Due to product diversity, traditional quality signals in the hotel industry such as star ratings and brand affiliation do not work well in the accommodation booking process on the…
Abstract
Purpose
Due to product diversity, traditional quality signals in the hotel industry such as star ratings and brand affiliation do not work well in the accommodation booking process on the sharing economy platform. From a suppliers’ perspective, this study aims to apply the signaling theory to the booking of Airbnb listings and explore the influence of quality signals on the odds of an Airbnb listing being booked.
Design/methodology/approach
A binomial logistic model is used to describe the influences of different attributes on the market demand. Because of the large sample size, sequential Bayesian updating method is utilized in hospitality and tourism field for the first attempt.
Findings
Results show that, in addition to host-specific information such as “Superhost” and identity verification, attributes including price, extra charges, region competitiveness and house rules are all effective signals in Airbnb. The signaling impact is more effective for the listings without any review comments.
Originality/value
This study contributes to the literature by incorporating the signaling theory in the analysis of booking probability of Airbnb accommodation. The research findings are valuable to hosts in improving their booking rates and revenue. In addition, government and industrial management organizations can have more efficient strategy and policy planning.
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Gui Ling Sui and Bin Yao
The purpose of this paper is to propose an approach of quantitative assessment of academic value and demand of journals for a discipline.
Abstract
Purpose
The purpose of this paper is to propose an approach of quantitative assessment of academic value and demand of journals for a discipline.
Design/methodology/approach
This study defines relative citation rate (RCR) and utilization rate (UR) of journals cited by a discipline with a case of inorganic chemistry discipline in Jilin University, ranks the journals in decreasing order of RCR and UR, and analyzes the RCR and UR curves with mathematical statistics and physics.
Findings
The RCR and UR curves can be expressed as: RCR(n)=N1exp(−n/t(N1))+N2exp(−n/t(N2))=64.54exp(−n/1.98)+31.14exp(−n/23.11) and UR(n)=Y1exp(−n/t(Y1))+Y2exp(−n/t(Y2))=85.06exp(−n/108.6)+12.94exp(−n/705.8). The parameters t(N1), t(N2), t(Y1) and t(Y2) can be used to assess quantitatively academica value and demand of journal for a discipline and to determine core journals of the discipline.
Research limitations/implications
This approach is used to quantitatively assess academic value and demand of journals for a discipline.
Practical implications
This approach may provide useful information for journal management of library.
Originality/value
The present work is original.
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Abstract
Purpose
The purpose of this paper is to clarify the method of using RF impedance changes as an early indicator of degradation of solder joint. It proposes the mode of crack propagation in solder joint and outlines why RF impedance analysis can be capable of detecting small cracks. The study aims to show the potential of RF impedance analysis as a prognostic tool that can provide advanced warning of impending failures of solder joint.
Design/methodology/approach
In this paper, the mode of crack propagation in solder joint was studied to show why RF impedance analysis could be capable of detecting small cracks. A real simple impedance‐controlled test vehicle was developed to allow RF impedance and DC resistance measurements to monitor solder joint degradation. The influence of crack length on RF impedance was evaluated by high frequency structure simulator (HFSS) simulation for the first time.
Findings
The paper demonstrates that RF resistance can respond to an open state of a solder joint as well as DC resistance. Furthermore, RF impedance can monitor partial degradation of solder joints, while the DC resistance cannot do it. In addition, time‐domain reflection coefficient is found to be more useful than RF impedance in detecting solder joint degradation. The HFSS simulation results show that even very slight physical degradation of solder joints can be detected using RF impedance analysis.
Originality/value
In this paper, HFSS simulation is used for the first time to evaluate the influence of crack length on RF impedance.
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Lingyun Guo, Xiayu Hu, Jinxuan Lu and Ling Ma
Live streaming commerce, a new form of social commerce where firms integrate with broadcasters, community members and customers in live chat rooms for real-time interaction to…
Abstract
Purpose
Live streaming commerce, a new form of social commerce where firms integrate with broadcasters, community members and customers in live chat rooms for real-time interaction to help sell products, has become increasingly popular. However, factors that impact the success of live streaming commerce are not fully explored. The purpose of this study is to examine these factors by exploring the relationships among customer trust (i.e., trust in broadcasters, community members, and products) and customer engagement, and the mediating role of swift guanxi.
Design/methodology/approach
The authors surveyed 422 customers who have watched Taobao Live, one of the largest live streaming commerce sites in China, and used their questionnaires to test the research model employing partial least squares modeling.
Findings
The authors’ results indicate that trust in broadcasters has a positive effect on trust in products and community members, which positively influences trust in products. Additionally, swift guanxi has a fully mediating effect on the relationship between customers' trust in broadcasters and customer engagement.
Originality/value
First, from the theoretical perspective, this study comprehensively identifies three types of trust, explores the transfer relationships among trust in broadcasters, community members, and products based on Trust Transfer Theory. In addition, this study examines the mediating influence of swift guanxi on the relationship between customer trust and engagement. Second, from the managerial perspective, the study provides insights to help broadcasters and practitioners use live streaming to facilitate shopping.
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Syed Asif Raza and Umar Mustafa Al‐Turki
The purpose of this paper is to compare the effectiveness of two meta‐heuristics in solving the problem of scheduling maintenance operations and jobs processing on a single…
Abstract
Purpose
The purpose of this paper is to compare the effectiveness of two meta‐heuristics in solving the problem of scheduling maintenance operations and jobs processing on a single machine.
Design/methodology/approach
The two meta‐heuristic algorithms, tabu search and simulated annealing are hybridized using the properties of an optimal schedule identified in the existing literature to the problem. A lower bound is also suggested utilizing these properties.
Finding
In a numerical experimentation with large size problems, the best‐known heuristic algorithm to the problem is compared with the tabu search and simulated annealing algorithms. The study shows that the meta‐heuristic algorithms outperform the heuristic algorithm. In addition, the developed meta‐heuristics tend to be more robust against the problem‐related parameters than the existing algorithm.
Research limitations/implications
A future work may consider the possibility of machine failure along with the preventive maintenance. This relaxes the assumption that the machine cannot fail but it is rather maintained preventively. The multi‐criteria scheduling can also be considered as an avenue of future work. The problem can also be considered with stochastic parameters such that the processing times of the jobs and the maintenance related parameters are random and follow a known probability distribution function.
Practical implications
The usefulness of meta‐heuristic algorithms is demonstrated for solving a large scale NP‐hard combinatorial optimization problem. The paper also shows that the utilization of the directed search methods such as hybridization could substantially improve the performance of a meta‐heuristic.
Originality/value
This research highlights the impact of utilizing the directed search methods to cause hybridization in meta‐heuristic and the resulting improvement in their performance for large‐scale optimization.
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Customer satisfaction and loyalty have been traditionally two main goals aimed at by managers. Focusing on the mobile banking (m-banking), the importance of these concepts is even…
Abstract
Purpose
Customer satisfaction and loyalty have been traditionally two main goals aimed at by managers. Focusing on the mobile banking (m-banking), the importance of these concepts is even greater due to the increasing focus of banks on mobile phones in order to reach out to a larger set of customers. The purpose of this paper is to characterize both these concepts in the m-banking context.
Design/methodology/approach
The influence of satisfaction and trust and their antecedents in developing customer loyalty in the m-banking were measured. The proposed model was tested through PLS-SEM.
Findings
This research showed that satisfaction from m-banking based on previous interactions had a positive effect on customer loyalty. In addition, mobile interface usability and service were found to have a positive effect on customer satisfaction.
Practical implications
In order to develop customer loyalty in m-banking, banks should prioritize user friendly interface and provide services valued by m-banking customers.
Originality/value
Although the increasing competitiveness in m-banking is motivating banks to offer the same to customers, there is lack of studies that analyze the formation of satisfaction, trust and loyalty concepts in this context. This study therefore represents an initial contribution to the field of m-banking, which is gradually acquiring popularity in recent years especially in developing countries.
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Preety Awasthi and Purnima S. Sangle
The aim of the paper is to identify interactions existing among the identified factors and understanding how they impact adoption intention so that better CRM strategies for…
Abstract
Purpose
The aim of the paper is to identify interactions existing among the identified factors and understanding how they impact adoption intention so that better CRM strategies for mobile channel can be orchestrated.
Design/methodology/approach
The paper empirically explores the underlying factors by the application of confirmatory factor analysis and structural equation modeling. The study sample consists of 523 respondents with a response rate of 63.9 percent (usable response rate).
Findings
The empirical findings reveal that from the perspective of benefits, perceptions value, perceived usefulness and context were the three critical components significantly influencing adoption intention. On the apprehension side, the effects of perceived security assurance, perceived trust, perceived cost and perceived risk on perceived value as well as perceived usefulness were significant.
Research limitations/implications
The study had a few limitations such as selection of the sample from a limited number of places, and the model was cross-sectional measuring perceptions and intentions at a single point of time.
Practical implications
Based on the findings, banks should focus on increasing the value perceptions of the customers by considering the perceptions of usefulness in various service contexts. The structural assurances and risk mitigation strategies also need attention.
Originality/value
The findings provided insight into the factors that contribute to the acceptance of mobile CRM services in India from new consumers' perspective. This study demonstrated that in the case of mobile CRM, the factors related to service aspect dominate over the technical aspect.
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Qiao Sun, Shengxiu Zhang, Lijia Cao, Xiaofeng Li and Naixin Qi
The purpose of this paper is to improve the robustness of the traditional Bhattacharyya metric for the effect of histogram quantization in the histogram-based visual tracking…
Abstract
Purpose
The purpose of this paper is to improve the robustness of the traditional Bhattacharyya metric for the effect of histogram quantization in the histogram-based visual tracking. However, the traditional Bhattacharyya metric neglects the correlation of crossing-bin and is not robust for the effect of histogram quantization.
Design/methodology/approach
In this paper, the authors propose a visual tracking method via crossing-bin histogram Bhattacharyya similarity in the particle filter.
Findings
A crossing-bin matrix is introduced into the traditional Bhattacharyya similarity for measuring the reference histogram and the candidate histogram, and the basic tasks of measure such as maximum similarity of self and the triangle inequality are proven. The authors use the proposed measure in the particle filter visual tracking framework and address a model update strategy based on the crossing-bin histogram Bhattacharyya similarity to improve the robustness of visual tracking.
Originality/value
In the experiments using the famous challenging benchmark sequences, precision of the proposed method increases by 12.8 per cent comparing the traditional Bhattacharyya similarity and the cost time decreases by 38 times comparing the incremental Bhattacharyya similarity. The experimental results show that the proposed method can track the object robustly and rapidly under illumination change and occlusion.
Details
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Shan Gao, Bin Wang, Xinjie Yao and Quan Yuan
This paper aims to characterize the surface film formed on Alloys 800 and 690 in chloride and thiosulfate-containing solution at 300°C.
Abstract
Purpose
This paper aims to characterize the surface film formed on Alloys 800 and 690 in chloride and thiosulfate-containing solution at 300°C.
Design/methodology/approach
Alloy 800 and 690 were immersed in chloride and thiosulfate-containing solution at 300°C up to five days, and then the surface film was analyzed by scanning electron microscopy (SEM), X-ray photoelectron spectroscopy (XPS), transmission electron microscopy (TEM) and energy dispersive X-ray spectrometers (EDX).
Findings
Through static immersion experiments in a high-temperature and high-pressure water environment, the alloy samples covered by surface film after five days of immersion were obtained. The morphology of the surface film was characterized at both horizontal and cross-sectional scales using SEM and focused ion beam-TEM techniques. It was observed that due to the influence of the quartz lining, the surface film primarily exhibited a bilayered structure. The first layer contained a significant amount of SiO2, with a higher content of metal hydroxides compared to metal oxides. The second layer was predominantly composed of Fe, Ni and Cr, with a higher content of metal oxides compared to metal hydroxides.
Originality/value
The results showed that the materials of the lining of the autoclave could significantly influence the film composition of the tested material, which should be paid attention when analyzing the corrosion mechanism at high temperature.