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1 – 10 of over 6000Yu Yuan, Jia Liao and Liping Zheng
This study empirically investigates the impact of directors' and officers' liability insurance on corporate environmental investment.
Abstract
Purpose
This study empirically investigates the impact of directors' and officers' liability insurance on corporate environmental investment.
Design/methodology/approach
This paper takes A-share listed firms in the most polluting industries from 2013 to 2019 as the research sample. The authors perform multiple regression analysis to examine the research question, and other approaches such as PSM and Heckman two-stage model are applied to test the robustness of the main results.
Findings
The authors find that D&O insurance insured firms significantly decrease the level of corporate environmental investment. The results keep consistent after alleviating potential endogenous concerns. Further analysis shows that the negative association between D&O insurance and environmental investment is more pronounced in firms facing greater environmental pressure and stronger market supervision, and firms located in regions with a rich legal environment.
Research limitations/implications
This research extends the literature on the antecedents of corporate environmental investment and the consequences of D&O insurance.
Practical implications
The study may deepen people's understanding of D&O insurance and inform them of its negative effects. This research sheds light on the potential factor resulting in a relatively low level of corporate environmental investment in China, which has an important policy implication for government to carry out some regulations to make a difference.
Originality/value
Against the backdrop that more importance has been attached to environmental protection globally, this paper is the first study to examine the impact of D&O insurance on corporate environmental investment in the context of the transitional and emerging market-China.
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Homin Chen, Chia-Wen Hsu, Yu-Yuan Shih and D'Arcy Caskey
Using insights from the supply chain resilience perspective and the international business literature, this study aims to investigate the determinants of firms’ decisions to…
Abstract
Purpose
Using insights from the supply chain resilience perspective and the international business literature, this study aims to investigate the determinants of firms’ decisions to reshore manufacturing under the high levels of uncertainty brought about by the ongoing US–China trade war and COVID-19 pandemic.
Design/methodology/approach
The proposed conceptual framework is tested using survey data collected from 702 Taiwanese firms with manufacturing in China. The firms were drawn from a database compiled by Taiwan’s Ministry of Economic Affairs.
Findings
The results show that two supply chain factors (tariffs and supply chain completeness) and two non-location-bound factors (labor cost and material cost) are critical determinants of the decision to reshore under uncertainty.
Originality/value
This research elucidates and empirically validates several factors that influence the reshoring decision in uncertain environments. The findings provide valuable theoretical, practical and strategic insights into how firms should manage their value chains in the post-COVID-19 era.
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This paper seeks to address emerging practices of social enterprises (SEs) in China by exploring the institutional context, organisational features and legislative framework of…
Abstract
Purpose
This paper seeks to address emerging practices of social enterprises (SEs) in China by exploring the institutional context, organisational features and legislative framework of this new phenomenon.
Design/methodology/approach
The analysis is based on data drawn from secondary sources (laws and regulations, forum transcripts and news reports) and primary evidence (in‐depth study of six SE cases).
Findings
The various kinds of SEs are highly diversified in terms of social mission, organisational nature, legal form, and operational pattern; the institutional context is underdeveloped, providing growing but still limited financial, intellectual, technical, and human resources; although it allows increasing space for diversified development dynamics of SEs, the legislative system regulating SEs is still flawed in several vital ways.
Research limitations/implications
This paper relies heavily on qualitative research methods to make a preliminary assessment of the development of China's SEs. Neither primary nor secondary data sources collected for this paper can be used to draw any general conclusion of statistical significance.
Originality/value
The paper sheds light on the overall landscape of the recent development of SEs in China, providing a descriptive and normative foundation for cross‐country comparative studies and quantitative, explanatory analysis.
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Ming-Huei Chen, Shwetha M. Krishna and Chan-Yuan Yu
Building on the conservation of resource theory, the authors posit work-life support as an essential resource for middle managers. This paper aims to explore the positive…
Abstract
Purpose
Building on the conservation of resource theory, the authors posit work-life support as an essential resource for middle managers. This paper aims to explore the positive association between work-life support, positive emotion, job satisfaction and happiness. The paper also assesses the moderating role of work pressure on work-life support and positive emotion relationship on the one hand and flextime on positive emotion and job satisfaction on the other.
Design/methodology/approach
Data collected from 512 middle managers of small and medium-sized firms including manufacturing, service and finance sectors in Taiwan were used to test the hypotheses.
Findings
The results reveal that work pressure strengthens the effect of work-life support on positive emotions, whereas time flexibility weakens the effect of positive emotion on job satisfaction. Work-life support positively influences happiness through the intervening variables of positive emotion and job satisfaction.
Practical implications
The paper highlights the importance of creating a positive work environment, as empowering middle managers with work-life support can help them handle work pressure and work-life conflict. The negative influence of flextime on positive emotion and job satisfaction highlights the need for effective handling of flextime.
Originality/value
This paper examines the work-life support and happiness of middle managers in the Chinese cultural context which has been under-explored. This paper expands the external validity of previous research results of Western samples by finding the positive influence of work pressure on work-life fit and positive emotion and negative influence of flextime on positive emotion and job satisfaction link.
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The purpose of this paper is to identify key missions in the “three nong” domain (i.e. issues related to agriculture, farmers and rural areas in China) that should be successfully…
Abstract
Purpose
The purpose of this paper is to identify key missions in the “three nong” domain (i.e. issues related to agriculture, farmers and rural areas in China) that should be successfully accomplished to successfully implement the rural revitalization strategy.
Design/methodology/approach
Specified objectives involved in the grand goal of “Completing the Building of a Moderately Prosperous Society in All Respects” and China’s current achievements in the “three nong” domain are systematically compared; weak points are discussed and priorities to address these weak points are outlined.
Findings
In this paper, four key missions are identified: first, to win the battle against poverty; second, to stabilize the bedrock of agricultural and rural development; third, to complete key missions (i.e. to build and develop thriving businesses, pleasant living environments, socialized etiquette and civility, effective governance and prosperous life) in the initial stage of rural revitalization; and finally, to establish an efficient policy framework for prioritizing agricultural and rural development and mobilize resources to support the four priorities in agricultural and rural development (i.e. priorities in personnel, resource, funding and public service allocation).
Originality/value
This paper is the first to systematically summarize and identify key missions that should be accomplished for the successful implementation of the rural revitalization strategy.
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Zhiwei Jiao, Zhongyu Zhuang, Li Hu, Ce Sun, Yuan Yu and Weimin Yang
The purpose of this study was to fabricate silicone products that had different hardnesses and moduli, thus partially addressing the limitations of homogeneous materials whose…
Abstract
Purpose
The purpose of this study was to fabricate silicone products that had different hardnesses and moduli, thus partially addressing the limitations of homogeneous materials whose deformation depends on altered structure or dimensions, and to provide new dimensions for the design of silicone soft structures.
Design/methodology/approach
A soft material three-dimensional printing platform with a dual-channel printing capability was designed and built. Using the material extrusion method, material screening was first performed using single-channel printing, followed by dual-channel-regulated printing experiments on products having different hardness and modulus values.
Findings
The proportion of additives has an effect on the accuracy of the printed product. Material screening revealed that Sylgard 527 and SE 1700 could be printed without additives. The hardness and mechanical properties of products are related to the percentage in their composition of hard and soft materials. The hardness of the products could be adjusted from 26A to 42A and the Young’s modulus from 0.875 to 2.378 Mpa.
Originality/value
Existing silicone products molded by casting or printing are mostly composed of a single material, whose uniform hardness and modulus cannot meet the demand for differentiated deformation in the structure. The existing multihardness silicone material printing method has the problems of long material mixing time and slow hardness switching and complicated multi-extrusion head switching. In this study, a simple, low-cost and responsive material extrusion-based hardness programmable preparation method for silicone materials is proposed.
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Ching-Chan Cheng, Hung-Che Wu, Ming-Chun Tsai, Yu-Yuan Chang and Cheng-Ta Chen
This study aims to extract determinants of customers' choice of dining-related services (CDS) to understand their attitudes and habits for dining-related services. Moreover, it…
Abstract
Purpose
This study aims to extract determinants of customers' choice of dining-related services (CDS) to understand their attitudes and habits for dining-related services. Moreover, it classifies restaurant customers into several clusters based on their CDS factors and further analyzes the differences in the preferences and habits for dining-related services among various clusters.
Design/methodology/approach
This study extracts the CDS factors using principal component analysis and identifies construct validity of the CDS factors through the results of confirmatory factor analysis. Then, it divides the restaurant customers in Taipei City into different clusters through cluster analysis to explore the habits and preferences for dining-related services in each cluster.
Findings
The study results show that the extracted six CDS factors, including service commitment, dietary preferences, design styles, additional value, delicate information collection, and dining environments. Dietary preferences, service commitment and additional value factor are the most important CDS factors for restaurant customers in Taipei City. This study divides 1,029 restaurant customers in Taipei City into three clusters based on the CDS factors through cluster analysis. The differences in the preferences and habits for dining services among three clusters have been discussed in the context in detail. Finally, this study develops eight service strategies and determines the order of execution of the eight service strategies for each cluster of customers.
Originality/value
The findings will help restaurant operators segment the market, target market customers, carry out service positioning and develop marketing strategies to respond to the highly competitive restaurant market and achieve sustainable restaurant operations.
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This study considers a Lagrange direct way of modal assurance criterion (MAC) values of an undamped system. The mentioned method for the sensitivity analysis of the MAC of a…
Abstract
Purpose
This study considers a Lagrange direct way of modal assurance criterion (MAC) values of an undamped system. The mentioned method for the sensitivity analysis of the MAC of a sliding machine working table is more close to the exact solution and time efficient. The paper aims to discuss these issues.
Design/methodology/approach
Using the Lagrange multipliers to compute the first and second-order sensitivity analysis of MAC values.
Findings
Because of the Lagrange multiplier without considering the number of design parameters, one only needs to perform the calculation once. Compared with the indirect way, the direct way is more effective when the number of design parameters is greater than one. This calculation procedure is simple and accurate, which can be popularized and used.
Originality/value
Engineering structure often requires only some structure design, and most of the sub-structure design variables are not related to each other. In this case, this way is better and more efficient. The direct way can be applied to the dynamic optimization design of large structures, the frequency and the mode sensitivity analysis in the process of model modification.
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Jia Liao, Liping Zheng and Yu Yuan
The purpose of this paper is to examine the impact of corporate environmental responsibility (CER) on corporate cash holdings. This paper also investigates the moderating effects…
Abstract
Purpose
The purpose of this paper is to examine the impact of corporate environmental responsibility (CER) on corporate cash holdings. This paper also investigates the moderating effects of ownership type and institutional environment between CER and corporate cash holdings.
Design/methodology/approach
This study uses the data of the most polluting listed companies on the Shanghai and Shenzhen stock exchange markets over the period 2010–2019. CER data from Hexun.com (a professional CSR evaluation system) are used to measure CER performance. Two proxies are used to measure the level of cash holdings simultaneously, where CASH1 is calculated as the ratio of cash and cash equivalents to total assets, and CASH2 is calculated as the ratio of cash and cash equivalents to net assets (total assets minus cash and cash equivalents). Finally, multiple regression analysis is applied to test the research hypotheses.
Findings
The results show that environmentally responsible companies hold substantially less cash, and the result is statistically significant and robust even after using firm fixed effects and applying alternative measures of cash holdings or alleviating potential endogeneity. In addition, the results of cross-sectional tests show that the negative relation between CER and corporate cash holdings is concentrated among non-state-owned enterprises, and firms in provinces with more developed institutions. Furthermore, the result of the analysis of the economic consequence shows CER significantly increases the value of cash holdings.
Research limitations/implications
This study focuses on China's institutional context, which limits the generalizability of the findings to other countries. However, the objective of this research can be studied in other institutional settings, so the above limitations provide a springboard for further research. Furthermore, the environmental protection investment, green technology innovation, and even pollutant discharge of companies can also be important indicators to measure the performance of firms in fulfilling their environmental responsibilities, which can be considered in future research.
Practical implications
The findings of this study may help company management in China to establish a correct view of environmental responsibility to achieve corporate value creation and corporate sustainability. And our research can also provide the policy reference value for the Chinese government to further improve environmental protection policies and systems, guide enterprises to conduct green production to realize the country's vision of an environmentally friendly society.
Originality/value
Based on the current background that countries in the world advocate the development of a green economy, this is the first study to examine the impacts of the environmental responsibility of the most polluting companies on corporate cash holdings and the value of cash holdings in the context of China, an emerging market.
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Wenqing Wu, Yuzheng Su, Chia-Huei Wu, Sang-Bing Tsai and Yu-Hsi Yuan
As social networking sites (SNSs) gain popularity, they are being widely used by entrepreneurs to obtain social capital to carry out business ventures. However not all SNS usage…
Abstract
Purpose
As social networking sites (SNSs) gain popularity, they are being widely used by entrepreneurs to obtain social capital to carry out business ventures. However not all SNS usage behaviors promote entrepreneurship. Only when individuals actively participate in SNSs relationship maintenance behaviors they can obtain resources that are conducive to promoting social entrepreneurship. The aim of this study is to explore the role of WeChat relationship maintenance behavior (WRMB) on social entrepreneurial intention (SEI) with dual narcissism as an essential antecedent that affects SNS use.
Design/methodology/approach
Based on dual narcissism theory and the theoretical framework that networking is a critical skill and activity for the success of social entrepreneurship, this study proposes a serial mediation model that explores the formation of SEI. This study collected data from a sample of 275 MBA students in China and applied multiple regression and confirmatory factor analysis techniques to test the research model.
Findings
The results reveal narcissistic admiration (NA) is positively associated with WRMB, while narcissistic rivalry (NR) is negatively associated with such behavior. And the positive impact of NA on SEI can be explained by WRMB and social capital paths, while the negative impact of NR cannot.
Originality/value
This research is the first application of dual narcissism in the field of SEI, which provides a new way to explain the antecedents of SEI under the social network. The findings provide an effective reference path for social entrepreneurship education in universities and educational institutions and enlighten the correct distinction between dual narcissism in entrepreneurial psychological consultation.
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