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1 – 10 of over 2000
Article
Publication date: 20 June 2022

Ni-Yun Chen

This study examines whether insider share ownership and personal share collateral affect corporate payout decisions.

Abstract

Purpose

This study examines whether insider share ownership and personal share collateral affect corporate payout decisions.

Design/methodology/approach

This study estimates logit, Tobit and ordinary least squares regression models to explore how insider ownership is related to share repurchase probability, completion rates and the long-term performance following the repurchase announcements and how insider share collateral affects the above associations.

Findings

The results show that insider share ownership is negatively associated with the probability of announcing share repurchases and repurchase completion rates and is positively associated with the firm's post-announcement performance. This study further explores the incentive of insiders with high share collateral announcing share repurchases under a threat of margin call. For firms with a high percentage of insider share collateral, the results show that insider share ownership is associated with higher repurchase probability but is associated with lower repurchase completion rates and poorer post-announcement performance.

Originality/value

This study clarifies the interrelationships between insider ownership, insider share collateral and decisions in share repurchases and subsequent performance. This study provides evidence for both the convergence of interest and the entrenchment theories.

Details

Managerial Finance, vol. 48 no. 11
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 6 August 2024

Qiushan Li, Kabilijiang Umaier, Yun Chen and Osamu Koide

Due to significant differences between urban and rural areas in terms of geographical environment, building scale, resident culture, social organization and other aspects, the…

Abstract

Purpose

Due to significant differences between urban and rural areas in terms of geographical environment, building scale, resident culture, social organization and other aspects, the post-disaster recovery and reconstruction models for both exhibit substantial variation. This study identifies critical strategic issues that must be addressed in housing reconstruction in the context of different social structures of urban–rural “integration” and urban–rural “dualization” to achieve the goal of “building back better” in the future.

Design/methodology/approach

By taking the experience of the 5.12 Wenchuan earthquake and the Taiwan 9.21 earthquake as a reference, this study provides a thematic analysis and systematic summary of the entire process of post-disaster housing reconstruction.

Findings

A successful housing reconstruction process should actively engage disaster-affected populations through participatory institutional design. Providing a diverse housing reconstruction model can coordinate the interests of the government, the market and affected individuals, promoting harmony of residential, productive and ecological functions. However, it can also lead to the division of existing communities.

Research limitations/implications

This research relies on existing literature, government publications, academic studies and news reports, which may carry inherent biases or omissions. Future research can benefit from conducting more extensive and long-term post-reconstruction surveys to assess the sustained impact of recovery efforts while also considering additional data sources to ensure comprehensive and unbiased analyses.

Practical implications

With the support of post-disaster reconstruction policies, diverse changes in land use can lead to urban and rural spatial pattern reform and sustainable regional development, providing a reference for formulating optimal strategies.

Social implications

This study carries significant societal implications by addressing critical strategic issues in housing reconstruction within varying urban–rural social structures. It highlights the importance of engaging affected populations through participatory design and harmonizing government, market and individual interests. The research introduces strategies for activating rural construction land quotas and creating new funding sources, promoting sustainable regional development. Its findings contribute to post-disaster reconstruction models, offering valuable insights for policymakers and stakeholders, ultimately leading to more effective and inclusive recovery efforts and benefiting disaster-prone areas worldwide.

Originality/value

This research primarily investigates the market circulation patterns of urban and rural land under different social structures, delves into the strategies for sources of housing reconstruction funding, along with an assessment of their effectiveness.

Details

Disaster Prevention and Management: An International Journal, vol. 33 no. 4
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 24 February 2021

Wu Zhao, Anqi Wang, Yun Chen and Wei Liu

Entrepreneurial ecosystem is a frontier issue in the field of enterprise strategy and entrepreneurship. As suggested by bottom of the pyramid (BOP) theory, entrepreneurs from base…

1421

Abstract

Purpose

Entrepreneurial ecosystem is a frontier issue in the field of enterprise strategy and entrepreneurship. As suggested by bottom of the pyramid (BOP) theory, entrepreneurs from base of the pyramid can gain the benefits of economic growth by obtaining equal entrepreneurial opportunities with appropriate support and motivation. However, theoretical framework to understand the ecosystem and help the people from the BOP to benefit from ecosystem is under-researched. Based on the investigation of the Taobao ecosystem case study, this paper developed a multi-layer framework to fill in the research gap.

Design/methodology/approach

This research adopts case study methodology for several reasons. First, case study methodology fits the explorative nature of this research to understand “what” and “how” a phenomenon happened (Yin, 2017). Second, case study research design can specify gaps or holes in existing theory with the ultimate goal of advancing theoretical explanations (Ridder, 2016). And third, it can provide researchers with contextual richness (Davison and Martinsons, 2016; Spigel, 2017).

Findings

Based on the literature review of the entrepreneurial ecosystem and the theory of the BOP, the initial framework of the inclusive entrepreneurial ecosystem is proposed. And then, based on the investigation of the Taobao village which is the typical inclusive entrepreneurial ecosystem, this paper explored how the inclusive entrepreneurial ecosystem emerges, develops and realises the co-creation between multiple actors. The emergence of Taobao village entrepreneurial ecosystem is because of the fact that ICT empowers BOP entrepreneurs. The development of entrepreneurial ecosystem presents a point-line-plane diffusion path, and co-creation to enhance inclusive entrepreneurship is realised by interaction and cooperation within social networks and integration of resources. Then, the framework of inclusive entrepreneurial ecosystem is further modified.

Research limitations/implications

The complexity of entrepreneurial ecosystem facing BOP poses a major challenge to its actual operation. Therefore, it is necessary to study the driving factors of inclusive entrepreneurial ecosystems. In particular, ecosystem is a purposeful collaborative network of dynamic interactive systems, which has a set of changing dependencies in a given context. Research is still limited on socioeconomic actors’ interaction with each other in each stage to promote the evolution of entrepreneurial ecosystem. The extent to which they are intentionally designed or organically produced is still unclear, which is recommended for future study in this field.

Practical implications

It provides theoretical understanding on how to successfully form sustainable entrepreneurial ecosystem by integrating BOP entrepreneurs in value chain. The successful experience of Taobao village can provide contributions and implications for the management in practice. On the one hand, this can provide theoretical guidance for other countries and regions to build inclusive entrepreneurship ecosystems and help them to check and fill the gaps and build inclusive entrepreneurship ecosystems based on their local characteristics. On the other hand, this study provides theoretical guidance for solving the problem of poverty at the BOP, transforming the poor from the objects of help to successful entrepreneurs and thus realising regional sustainable development.

Originality/value

The significance of this study is to provide theoretical understanding on how to successfully form entrepreneurial ecosystem by practical investigation of entrepreneurial “habitat” at the BOP.

Details

Chinese Management Studies, vol. 15 no. 3
Type: Research Article
ISSN: 1750-614X

Keywords

Article
Publication date: 27 November 2023

Fuqiang Zhao, Hanqiu Zhu, Yun Chen and Longdong Wang

Drawing on the work as calling theory, the purpose of this study is to explore how and when career calling promotes taking charge by focusing on the mediating effects of work…

Abstract

Purpose

Drawing on the work as calling theory, the purpose of this study is to explore how and when career calling promotes taking charge by focusing on the mediating effects of work meaningfulness and felt obligation and the moderating role of family-friendly human resource practice (FF-HRP).

Design/methodology/approach

The authors collected data from 293 supervisor–employee dyads at three time points in southeastern China. Path analysis and bootstrap method were used for hypothesis testing.

Findings

Employees' perceived career calling positively affected taking charge through work meaningfulness and felt obligation. The positive effects of career calling on work meaningfulness and felt obligation as well as the indirect effect of career calling on taking charge are stronger when employees perceive high levels of FF-HRP.

Practical implications

Organizational interventions should be designed to enhance employees' sense of calling, and the organization should inspire employees to take charge by awakening their perception of work meaningfulness and obligation. Moreover, FF-HRP should be implemented as a form of organizational support.

Originality/value

This research identifies work meaningfulness and felt obligation as mediators that link career calling to taking charge and reveals the role of FF-HRP in amplifying the positive impact of career calling.

Details

Journal of Managerial Psychology, vol. 39 no. 1
Type: Research Article
ISSN: 0268-3946

Keywords

Article
Publication date: 2 August 2024

Yun Victoria Chen, Xin Jin, Sarah Gardiner and IpKin Anthony Wong

This study aims to explore the role of social media visual posts (known as foodstagramming) on restaurant visit intention. Drawing on the heuristic–systematic model and normative…

Abstract

Purpose

This study aims to explore the role of social media visual posts (known as foodstagramming) on restaurant visit intention. Drawing on the heuristic–systematic model and normative focus theory, this research introduces a framework that assesses the effects of key foodstagramming attributes – vicarious expression, aesthetic appeal and post popularity – and the mediating roles of goal relevance and mimicking desire, in the process.

Design/methodology/approach

Structural equation modelling was performed to test the proposed model using a sample of tourists (n = 377) and residents (n = 341). Multi-group analysis was performed to compare the differences between these groups.

Findings

Results reveal that mimicking desire and goal relevance influence restaurant visit intention; however, mimicking desire has a stronger influence than goal relevance. Little difference was found between the tourist and the resident groups in the proposed relationships, except that vicarious expression positively influences mimicking desire in the tourist group but not in the resident group.

Practical implications

This study guides restauranteurs and social media influencers (foodstagrammers). It shows that consumers value the textual content and aesthetic appeal of photos over the popularity of a post. It also indicates that vicarious expression is more important for tourists than for residents.

Originality/value

This research advances social media marketing literature by proposing a new information processing framework. To the best of the authors’ knowledge, this study is one of the first studies to explore the impact of visual post attributes on individual decision-making behaviours through socially acceptable norms.

Details

International Journal of Contemporary Hospitality Management, vol. 36 no. 12
Type: Research Article
ISSN: 0959-6119

Keywords

Article
Publication date: 11 August 2020

Chen-Yu Lin, Yun-Siou Chen and Yan-Shouh Chen

The purpose of this paper is to explore censorship on popular music in Taiwan and how the practices have influenced the consumption and production of music in the post-martial law…

Abstract

Purpose

The purpose of this paper is to explore censorship on popular music in Taiwan and how the practices have influenced the consumption and production of music in the post-martial law period.

Design/methodology/approach

Through adopting grounded theory with snowball sampling and ethnographic methods, this paper will interview music audiences and musicians as well as analyze recent censorship cases to develop a more comprehensive understanding of the topic.

Findings

Institutional and corporate self-censorship has a noteworthy influence on popular music in post-marital law Taiwan. Cross-strait relations still are a key tension that triggers censorship but the form has been shifting.

Originality/value

This study draws on both the complexity of censorship by case studies and the audience's perception of music in everyday life.

Details

Asian Education and Development Studies, vol. 10 no. 4
Type: Research Article
ISSN: 2046-3162

Keywords

Article
Publication date: 10 April 2009

Li Zhijun, Wang Weiwei and Chen Mian‐yun

The purpose of this paper is to present a method to accurately forecast the tendency of the gross amount of energy sources consumption of the country and construct a new kind of…

Abstract

Purpose

The purpose of this paper is to present a method to accurately forecast the tendency of the gross amount of energy sources consumption of the country and construct a new kind of algorithm for forecasting that synthesizes the advantages of the grey model, Markov chains, and least square method.

Design/methodology/approach

With the application of this new algorithm, this paper have forecasted the trend of the gross amount of energy sources consumption of the country and come to the conclusions that the new algorithm is more precise than the grey model. It is proved that the improved grey‐Markov chain algorithm is effective and can be used by authorities to make decision.

Findings

It was found that combining the grey model, Markov chains, and least square method, can be a new algorithm for forecasting the trendency of the gross amount of energy sources consumption.

Research limitations/implications

The new algorithm is only suitable for the short‐term forecast.

Originality/value

The grey forecasting method reflects the overall tendency of primitive data sequence of the gross amount of energy source, and the Markov chain forecasting method reflects the effect of the random fluctuation. The least square method reflects the tendency of increase. The new algorithm is more precise than the grey model.

Details

Kybernetes, vol. 38 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 20 March 2017

Jian Gao, Hao Wen, Zhiyuan Lin, Haidong Wu, Si Li, Xin Chen, Yun Chen and Yunbo He

Remanufacturing of worn blades with various defects normally requires processes such as scanning, regenerating a geometrical reference model, additive manufacturing (AM) through…

449

Abstract

Purpose

Remanufacturing of worn blades with various defects normally requires processes such as scanning, regenerating a geometrical reference model, additive manufacturing (AM) through laser cladding, adaptive machining and polishing and quality inspection. Unlike the manufacturing process of a new part, the most difficult problem for remanufacturing such a complex surface part is that the reference model adaptive to the worn part is no longer available or useful. The worn parts may suffer from geometrical deformation, distortion and other defects because of the effects of harsh operating conditions, thereby making their original computer aided design (CAD) models inadequate for the repair process. This paper aims to regenerate the geometric models for the worn parts, which is a key issue for implementing AM to build up the parts and adaptive machining to reform the parts. Unlike straight blades with similar cross sections, the tip geometry of the worn tip of a twist blade needs to be regenerated by a different method.

Design/methodology/approach

This paper proposes a surface extension algorithm for the reconstruction of a twist blade tip through the extremum parameterization of a B-spline basis function. Based on the cross sections of the scanned worn blade model, the given control points and knot vectors are firstly reconstructed into a B-spline curve D. After the extremum of each control point is calculated by extremum parameterization of a B-spline basis function, the unknown control points are calculated by substituting the extremum into the curve D. Once all control points are determined, the B-spline surface of the worn blade tip can be regenerated. Finally, the extension algorithm is implemented and validated with several examples.

Findings

The proposed algorithm was implemented and verified through the exampled blades. Through the extension algorithm, the tip geometry of the worn tip of a twist blade can be regenerated. This method solved a key problem for the repair of a twist blade tip. It provides an appropriate reference model for repairing worn blade tips through AM to build up the blade tip and adaptive machining/polishing processes to reform the blade geometry.

Research limitations/implications

The extension errors for different repair models are compared and analyzed. The authors found that there are several factors affecting the accuracy of the regenerated model. When the cross-section interval and the extension length are set properly, the restoration accuracy for the blade tip can be improved, which is acceptable for the repairing.

Practical implications

The lack of a reference geometric model for worn blades is a significant problem when implementing blade repair through AM and adaptive machining processes. Because the geometric reference model is unavailable for the repair process, reconstruction of the geometry of a worn blade tip is the first crucial step. The authors proposed a surface extension algorithm for the reconstruction of a twist blade tip. Through the implementation of the proposed algorithm, the blade tip model can be regenerated.

Social implications

Remanufacturing of worn blades with various defects is highly demeaned for the aerospace enterprises considering sustainable development. Unlike straight blades, repair of twist blades encountered a very difficult problem because the geometric reference model is unavailable for the repair processes. This paper proposed a different method to generate the reference model for the repair of a twist blade tip. With this model, repair of twist blades can be implemented through AM to build up the blade tip and adaptive machining to subtract the extra material.

Originality/value

The authors proposed a surface extension algorithm to reconstruct the geometric model for repair of twist blades.

Article
Publication date: 26 December 2023

Yun-Chen Morgan, Lillian Fok and Susan Zee

This study examines the direct and indirect effects of organizational environmental orientation (EO)/culture, quality management practices (QMP) and sustainability experience (SE…

Abstract

Purpose

This study examines the direct and indirect effects of organizational environmental orientation (EO)/culture, quality management practices (QMP) and sustainability experience (SE) on the relationship between organizational green practices (GP) and the triple bottom line (TBL) of sustainability performance (SuP).

Design/methodology/approach

To test the seven hypotheses, a structured questionnaire was used to collect data. The responses of 365 managers from various USA businesses in the service industries were analyzed using IBM SPSS and structural equation modeling (SEM)-AMOS.

Findings

The empirical results indicate that positive SuP in the economic, environmental and social dimensions and organizational GP can be improved by a strong culture of EO, effective QMP and substantial SE.

Practical implications

This research fills the gap in existing research between important organizational and environmental priorities and SuP. Consequently, the study provides managers with important strategic guidance: for environmental practices to achieve profitability and sustainability success, companies must promote an environmental-mindful culture and strategically invest in integrated QM systems.

Originality/value

This research is one of the first that explores how organizational environmental culture and QMP affect directly and indirectly the relationship between GP and SuP. These results provide empirical evidence to support the claim that environmental culture and QMP have significant direct and indirect effects on the relationship between GP and SuP dimensions.

Details

International Journal of Productivity and Performance Management, vol. 73 no. 8
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 18 February 2020

GuoQiong Ivanka Huang, Yun Victoria Chen and IpKin Anthony Wong

The purpose of this paper is to synthesize a dyadic theoretical model which takes social-oriented and individual-initiative drivers into account and illustrates a mechanism…

2078

Abstract

Purpose

The purpose of this paper is to synthesize a dyadic theoretical model which takes social-oriented and individual-initiative drivers into account and illustrates a mechanism between social commerce intention and its antecedents in the hospitality industry. To understand tourist social commerce behaviors, the current study puts forward a comprehensive model and investigates the impact among social support, social capital, participant involvement and social identification on tourist propensity to engage in social commerce with behaviors such as to like, share, post reviews and make purchases.

Design/methodology/approach

The current research draws on social exchange theory and social penetration theory to study how social-oriented drivers (i.e., social support and social capital) and individual-initiated drivers (i.e., participant involvement and social identification) could better explain tourists’ social commerce intentions. Structural equation modeling was performed based on a sample of 569 hotel guests from 61 hotels in Macau.

Findings

Results reveal that social capital mediates the relationship between social support and social commerce behavioral intention. This chain of relationship is moderated by social identification in that the more a hotel guest identifies himself/herself as an in-group member of an online community, the more likely he/she would engage in social commerce behaviors.

Practical implications

The diffusion velocity of marketing effect is manifested through customers’ social commerce intentions and behaviors, which helps managers to identify the importance in maintaining a supportive atmosphere to nurture intimate member-to-member and member-to-provider relationships.

Originality/value

The present study enriches the social penetration theory and social exchange theory by showing how both individual and social perspectives could jointly influence hotel guest propensity to post likes and comments and to reserve hotel rooms, as means to build more intimate relationships with the members within a virtual community.

Details

International Journal of Contemporary Hospitality Management, vol. 32 no. 2
Type: Research Article
ISSN: 0959-6119

Keywords

1 – 10 of over 2000