Search results

The purpose of this study is to investigate reporting incentives for accounting conservatism in the context of asset and equity tunnelling and to provide empirical evidence that accounting conservatism can be reported for opportunistic reasons rather than efficiency reasons.

A cross‐sectional analysis of data from the period 2002 to 2004 is conducted.

This study provides empirical evidence that firms undertaking asset or equity tunnelling transactions report higher conservatism than firms undertaking other kinds of connected transactions. Further tests document a positive association between accounting conservatism and the private benefits gained by controlling shareholders from asset and equity tunnelling.

Contrary to the prevalent view that accounting conservatism signifies better quality accounting and benefits financial statement users, this study shows that accounting conservatism is influenced by institutional factors and the incentives of financial statement preparers. Researchers should exercise caution in interpreting higher accounting conservatism as an indication of better accounting information quality, especially in cross‐country research involving different institutions.

In order to accurately forecast nonlinear and complex characteristics of solar power generation in China, a novel discrete grey model with time-delayed power term (abbreviated as TDDGM(1,1,tα) is proposed in this paper.

Firstly, the time response function is deduced by using mathematical induction, which overcomes the defects of the traditional grey model. Then, the genetic algorithm is employed to determine the optimal nonlinear parameter to improve the flexibility and adaptability of the model. Finally, two real cases of installed solar capacity forecasting are given to verify the proposed model, showing its remarkable superiority over seven existing grey models.

Given the reliability and superiority of the model, the model TDDGM(1,1,tα) is applied to forecast the development trend of China's solar power generation in the coming years. The results show that the proposed model has higher prediction accuracy than the comparison models.

This paper provides a scientific and efficient method for forecasting solar power generation in China with nonlinear and complex characteristics. The forecast results can provide data support for government departments to formulate solar industry development policies.

The main contribution of this paper is to propose a novel discrete grey model with time-delayed power term, which can handle nonlinear and complex time series more effectively. In addition, the genetic algorithm is employed to search for optimal parameters, which improves the prediction accuracy of the model.

This study empirically investigates the impacts of technological innovation and operational efficiency on environmental performance and the moderating effects of environmental orientation.

We develop a conceptual framework based on the Porter Hypothesis. We collect a sample of 850 listed firms in China between 2010 and 2019. The fixed effect model was used to analyse the data.

The empirical findings reveal that technological innovation indirectly enhances environmental performance through operational efficiency and partially mediates this impact. We also find that environmental orientation strengthens the positive impacts of technological innovation and operational efficiency on environmental performance.

This study contributes to the literature by revealing that technological innovation is positively associated with operational efficiency and environmental performance, which suggests that technological innovation can simultaneously enhance business and environmental performance. Hence, this study provides empirical support for the Porter Hypothesis. The results also extend the Porter Hypothesis by revealing how technological innovation affects environmental performance and under what conditions technological innovation has a greater impact on environmental performance.

The suppliers of experimental resources required in megaprojects are driven by short-term interests, presuming that participation in the digital platform would only increase their inputs and fail to rapidly expand their revenue, resulting in their insufficient motivation to participate. This paper aims to design effective incentives for these suppliers exhibiting the aforementioned behaviour to drive them to participate and actively share their resources on the platform.

This paper develops incentives for applying the digital platform for experimental resource sharing by using a reverse induction approach to model and solve an incomplete information game. It compares the traditional experiment management mode and the new mode of applying the digital platform, taking the degree of sharing experimental resources on the platform as the variable and constructing three incentive models. By analysing these different degrees of sharing and the different experimental and informatisation capabilities of the suppliers, it could obtain the optimal incentive scheme for changes in sharing behaviour.

The results show that the designed incentives could increase the participation of suppliers in the platform and the number of their shared resources and make the benefits of both the supplier and the demand side reach the optimal state of a win-win situation. However, a higher degree of sharing by suppliers does not yield better results. In addition, the incentive coefficients for this degree should be set based on the suppliers’ different experimental and informatisation capabilities and the ratio of input cost-sharing, so as to avoid blind inputs from both supply and demand.

This study fills the research gap regarding incentives of the digital platform of experimental resource-sharing for megaprojects; it contributes to the body of knowledge by providing a quantitative perspective of understanding the experimental resource-sharing behaviour that motivates the usage of the digital platform. Furthermore, it reveals the incentive mechanism for application in different scenarios, and quantitative analysis is conducted to provide practical insights into promoting the new experiment management mode in megaprojects for more effective incentivisation.

As the complexity and uncertainty of megaprojects make it difficult for traditional management models to address the difficulties, this paper aims to design a performance incentive contract through IT applications, thereby promoting the formation of an information-based governance mechanism for megaprojects and facilitating the transformation and upgrading of the construction management model of megaprojects to informatisation.

This paper introduced IT applications into the performance assessment and used the proportion of IT applications replacing traditional manual management as a variable. It analysed different replacement ratios to obtain the optimal solution for the change of contractors behaviours and promote the optimal performance incentive for the informatisation in megaprojects.

The results show that under the condition of the optimal replacement ratio, achieving the optimal state of a mutual win-win situation is possible for the benefit of both sides. The counter-intuitive finding is that the greater the replacement ratio is not, the better, but those other constraints are also taken into account.

This study enriched the research of the performance configuration incentive from a practical perspective. It extended the research framework of IT incentive mechanisms in the governance of megaprojects from a management theory perspective. It clarified the role of IT applications in incentive mechanisms and the design process of optimal incentive contracts under different performance incentive states. The incentives made the contractors work harder to meet the owner's requirements, and it could improve the efficiency of megaprojects, thus better achieving megaproject objectives.

To have a better understanding of the heat transfer mechanisms in a sleeping bag and to investigate the factors influencing thermal resistance of a down sleeping bag.

The mechanism of heat transfer in a sleeping bag was discussed in this paper. The thermal resistances of 24 samples were investigated. Besides, the relation between fill weight and thermal resistance, and that between the air permeability of fabric and thermal resistance, as well as that between down filling rate and thermal resistance were analyzed.

The results showed that thermal resistances of samples varied from 0.35 to 0.8 m² K/W. The fill weight was the most important factor of thermal resistance of sleeping bag and the relation between fill weight and thermal resistance matched well with cubic function. A multiple regression formula was proposed, which with thermal resistance as a dependent variable and with air permeability of fabric, down filling rate, fill weight as independent variables.

Thermal properties of a sleeping bag were analyzed through simplified basic unit under simplified environment conditions, which was necessary for building the first stage of systematic study of thermal performance of a sleeping bag.

The purpose of this paper is to examine the impact of two typical relationship management approaches (trust relationship with suppliers and reciprocity) on manufacturer resilience in the context of the COVID-19 crisis. Moreover, this paper aims to deepen the understanding of environmental uncertainty's moderating effect on the association between the trust relationship with suppliers (TRS) and reciprocity.

Structural equation modeling has been used to test the hypotheses on 361 Chinese manufacturing firms' managers and independent directors during the COVID-19 crisis.

The results reveal that reciprocity positively enhances three dimensions of manufacturer resilience, namely, preparedness, responsiveness and recovery capability. Reciprocity positively mediates the relationships between TRS and preparedness, responsiveness and recovery capability. Moreover, environmental uncertainty moderates the association between TRS and reciprocity.

This study highlights the critical role of reciprocity, the relational governance approach, in enhancing manufacturer resilience in practice. This paper suggests that during emergencies such as the COVID-19 pandemic, managers should adopt trust and reciprocity in supplier relationship governance to strengthen the resilience of manufacturing companies and adapt effective strategies according to the environment.

This study is unique in developing new scales of manufacturer resilience through interviews and surveys with Chinese manufacturers and theoretical research. Based on the social capital theory and social exchange theory, this study shed light on the role of trust and reciprocity. It also bridges relational governance theory with the literature on manufacturing firm resilience literature to help manufacturers better understand the transdisciplinary links between relationship management and resilient operations in emergencies.

The purpose of this paper is to explore the endogenous relationship between production specialisation and market commercialisation with an empirical study of farmers in Northwest China.

The three-stage least squares were used to address simultaneity and over-identification problems in comparison with two-stage least squares (2SLS). The Durbin-Wu-Hausman test was employed to identify the endogeneity of the commercialisation and specialisation variables. The validity, relevance, and strength of the instruments were tested using the Stock-Yogo weak instrument diagnostics test.

A two-way interrelationship between specialisation and commercialisation were confirmed, and suggest that farmers’ decisions on farm commercialisation and production specialisation are actually separate and interacting.

By demonstrating that a virtuous cycle exists between agricultural commercialisation and on-farm specialisation, policies can be formulated to complement these two effects that may help increase small holders’ income. Farmers’ market participation can be indirectly improved by combining market improvement and risk management tools to encourage production specialisation.

The insights of this study cast further light onto the farm market participation theory by emphasising that higher asset endowments enable small farmers to specialise in production with comparative advantage.