Zhigang Cai, Pengzhu Zhang and Xiao Han
The paper is to explore crowdfunding success determinants from the reward menu design aspect, distinguishing from extant studies focusing on characteristics of project creators or…
Abstract
Purpose
The paper is to explore crowdfunding success determinants from the reward menu design aspect, distinguishing from extant studies focusing on characteristics of project creators or crowdfunding projects and funding dynamics. Both the number of reward options and price differentiation of rewards are considered.
Design/methodology/approach
The authors use the quadratic model to identify a curvilinear relationship between the number of reward options and crowdfunding success, by running regressions on data collected from one of the most influential reward-based crowdfunding platforms in China. In addition, they explore the moderating effect of price differentiation on the curvilinear relationship.
Findings
The authors find an inverted U-shape relationship between the number of reward options and the optimal number of options is around 10. In addition, they find that the curvilinear relationship is moderated by reward price differentiation.
Practical implications
This paper has managerial implications for crowdfunding project creators and platform managers. To achieve better crowdfunding outcomes, a proper number of reward options with diversified reward prices should be provided.
Originality/value
The paper contributes to the literatures in antecedents of crowdfunding success from reward menu design aspect based on theories in investment and purchasing decision making. It is different from existing studies focusing on the characteristics of project creators and crowdfunding projects or funding dynamics. It also parallels retirement contribution plan design studies by exploring the reward menu design in the crowdfunding context.
Details
Keywords
Yuefeng Cen, Minglu Wang, Gang Cen, Yongping Cai, Cheng Zhao and Zhigang Cheng
The stock indexes are an important issue for investors, and in this paper good trading strategies will be aimed to be adopted according to the accurate prediction of the stock…
Abstract
Purpose
The stock indexes are an important issue for investors, and in this paper good trading strategies will be aimed to be adopted according to the accurate prediction of the stock indexes to chase high returns.
Design/methodology/approach
To avoid the problem of insufficient financial data for daily stock indexes prediction during modeling, a data augmentation method based on time scale transformation (DATT) was introduced. After that, a new deep learning model which combined DATT and NGRU (DATT-nested gated recurrent units (NGRU)) was proposed for stock indexes prediction. The proposed models and their competitive models were used to test the stock indexes prediction and simulated trading in five stock markets of China and the United States.
Findings
The experimental results demonstrated that both NGRU and DATT-NGRU outperformed the other recurrent neural network (RNN) models in the daily stock indexes prediction.
Originality/value
A novel RNN with NGRU and data augmentation is proposed. It uses the nested structure to increase the depth of the deep learning model.
Details
Keywords
Zhigang Shou, Yu Gong and Qiyuan Zhang
Interorganizational dependence is considered as a liability for each firm and needs to be managed properly. Rather than exploring the opportunistic outcome of dependence, the…
Abstract
Purpose
Interorganizational dependence is considered as a liability for each firm and needs to be managed properly. Rather than exploring the opportunistic outcome of dependence, the authors focus on the moderating role of supply chain boundary spanners' guanxi. This study tends to uncover the way and the conditions under which boundary spanners' guanxi influences dependence-opportunism relationships.
Design/methodology/approach
Using a survey of 380 buyer–supplier exchanges in China, this study first examines the relationship between dependence and opportunism, then assesses the contingent role of boundary spanners' guanxi and further tests how unfairness perception and legal inefficiency alter the role of guanxi in managing dependence.
Findings
This study finds that buyer dependence increases supplier opportunism while supplier dependence lowers supplier opportunism. Boundary spanners' guanxi weakens the opportunism-facilitating impact of buyer dependence and mitigates the opportunism-restricting effect of supplier dependence. However, unfairness perception would attenuate the value of guanxi in restricting depended sides' opportunism but strengthen the value of guanxi in motivating depending sides' opportunism; legal inefficiency would amplify the value of guanxi in facilitating depending suppliers' opportunism.
Originality/value
First, the study enriches supply chain dependence studies by incorporating interpersonal guanxi into the investigation of dependence-opportunism relationships. Second, the study adds to the supply chain management literature by uncovering a contrasting role of guanxi in influencing the dependence-opportunism relationship. Third, the study incorporates an agency view to uncover two boundary conditions under which guanxi is mobilized for personal interest seeking or for organizational purposes.
Details
Keywords
Xingwang Li, Jingwei Zhang, Zhigang Li, Feng Gao and Cheng Yu
This study aims to let researchers sort out the past, look to the future and boost further management research.
Abstract
Purpose
This study aims to let researchers sort out the past, look to the future and boost further management research.
Design/methodology/approach
This paper takes the exploration of the application of AR in the field of management research as the starting point. Through the combing and induction of AR literature to accurately grasp the essential characteristics of AR, this paper analyzes the application prospects and possible difficulties of AR in the field of management research in China, puts forward specific suggestions and explores the specific path of the transformation of management academic research to practice from the perspective of research methods.
Findings
In research methods, empirical research and case studies have become the mainstream research methods, but there is a passive research limitation of “study what happens.” Action research is different from the standpoint of empirical research that is independent of the research object. It no longer simply treats managers as the “object of information acquisition,” but as the subject of participating in the research. Management should be oriented towards the transformation of practice, and action research (AR) that can organically integrate researchers and practitioners is just a “bridge” to break the gap between academia and business circles to establish a cooperative relationship.
Originality/value
This paper takes the exploration of the application of AR in the field of management research as the starting point. Through the combing and induction of AR literature to accurately grasp the essential characteristics of AR, this paper analyzes the application prospects and possible difficulties of AR in the field of management research in China, puts forward specific suggestions and explores the specific path of the transformation of management academic research to practice from the perspective of research methods.
Details
Keywords
Xin Qi, Xinlei Lv, Zhigang Li, Chunbaixue Yang, Haoran Li and Angelika Ploeger
Understanding young adults’ organic food purchasing behavior in the fresh food e-commerce platforms (FFEP) is crucial for expanding the global environmental product market. The…
Abstract
Purpose
Understanding young adults’ organic food purchasing behavior in the fresh food e-commerce platforms (FFEP) is crucial for expanding the global environmental product market. The study aims to investigate how specific characteristics of platforms and organic food information impact young adults’ perceived value, leading to their subsequent purchase intention.
Design/methodology/approach
Around 535 valid responses were collected through an online survey and then analyzed applying a two-stage structural equation model (SEM) and artificial neural network (ANN) approach.
Findings
Results of this research show that platform characteristics (including system quality and evaluation system) and product information characteristics (including organic label, ingredient information and traceability information) significantly affect young adults’ perceived utilitarian and hedonic value. The platform’s service quality has a strong effect on their perceptions of hedonic value, while the delivery system strongly influences their utilitarian value. Moreover, the perceived value, as a crucial mediator, plays a significant role in moderating the influence of platform and product information characteristics on the purchase intentions of young consumers regarding organic food.
Originality/value
Previous research has overlooked the credence attributes of organic food and particularities of online purchasing, focusing instead on general platform and product characteristics. This study addresses this gap by proposing a more appropriate model that integrates the characteristics of both the platform and product information. This offers theoretical and managerial implications for effectively stimulating organic food consumption among young adults in online environments.
Details
Keywords
Zhigang Chen, Ying Zhang and Li Zhou
Finance is crucial to boosting agricultural development in developing countries. This paper aims to investigate the effects of rural formal and informal financial access on…
Abstract
Purpose
Finance is crucial to boosting agricultural development in developing countries. This paper aims to investigate the effects of rural formal and informal financial access on agricultural technical efficiency (TE) in China.
Design/methodology/approach
Based on the survey data of demonstrative family farms in Langxi county, Anhui province and Wuhan city, Hubei province in central China in 2017, this research assesses agricultural TE by using a three-stage DEA model. It adopts the tobit model to evaluate the effects of formal and informal financial access on TE, and to explore the heterogeneous effects by types, management states and scales. It uses the OLS regression and PSM method to check the robustness, and applies the IV-Tobit method to solve the endogeneity. The authors apply the mediation effect model to explore the channels through which financial access impacts TE.
Findings
Family farms' average TE reaches 13.9%, which shows much room for improvement under the given technical conditions and constant inputs. The research confirms the advantage of formal financial access in raising TE relative to informal financial access. The heterogeneous analysis documents more prominent effects of formal financial access on enhancing TE of aquaculture, hybrid, demonstration and large farms. The mediating effect model reveals that the enhancing TE effect of formal financial access derives from improved machinery investment and family labor division rather than land circulation.
Originality/value
The research clarifies finance into formal and informal finance. The results have considerable policy implications for rural financial policies in China.
Details
Keywords
Lingyun Huang, Jiankun Liu and Zhigang Huang
The operational framework of external financing in the correlation between the gender of entrepreneurs and firm performance remains to be resolved. This study aims to investigate…
Abstract
Purpose
The operational framework of external financing in the correlation between the gender of entrepreneurs and firm performance remains to be resolved. This study aims to investigate the mediating effect of external financing on gender-based disparities in private firm performance and to explore its heterogeneity within the Chinese context.
Design/methodology/approach
Based on national data from the 10th to 13th Chinese Private Enterprise Survey, this study used a bootstrap-based mediation effect model to analyze the role of external financing as a mediator in the relationship between entrepreneur gender and firm performance.
Findings
This study found that external financing is a constructive mediator between entrepreneur gender and firm performance. Heterogeneity analysis revealed that external financing plays a complementary mediation role in the impact of entrepreneur gender on performance in West China. In the tertiary industry, external financing acts as the sole mediator for the impact of gender on firm performance. Notably, this mediating effect is present in non-startups but not in startups.
Practical implications
The findings suggest that external financing can improve the firm performance of female entrepreneurs. Governments and policymakers should strengthen financial support for female entrepreneurs in West China, tertiary industry and non-startup enterprises.
Originality/value
This paper contributes to the literature on gender and corporate governance by shedding light on the mediating role of external financing in the relationship between the gender of business owners and firm performance.
Details
Keywords
Zhiguang Cheng, Behzad Forghani, Zhenbin Du, Lanrong Liu, Yongjian Li, Xiaojun Zhao, Tao Liu, Linfeng Cai, Weiming Zhang, Meilin Lu, Yakun Tian and Yating Li
This paper aims to propose and establish a set of new benchmark models to investigate and confidently validate the modeling and prediction of total stray-field loss inside…
Abstract
Purpose
This paper aims to propose and establish a set of new benchmark models to investigate and confidently validate the modeling and prediction of total stray-field loss inside magnetic and non-magnetic components under harmonics-direct current (HDC) hybrid excitations. As a new member-set (P21e) of the testing electromagnetic analysis methods Problem 21 Family, the focus is on efficient analysis methods and accurate material property modeling under complex excitations.
Design/methodology/approach
This P21e-based benchmarking covers the design of new benchmark models with magnetic flux compensation, the establishment of a new benchmark measurement system with HDC hybrid excitation, the formulation of the testing program (such as defined Cases I–V) and the measurement and prediction of material properties under HDC hybrid excitations, to test electromagnetic analysis methods and finite element (FE) computation models and investigate the electromagnetic behavior of typical magnetic and electromagnetic shields in electrical equipment.
Findings
The updated Problem 21 Family (V.2021) can now be used to investigate and validate the total power loss and the different shielding performance of magnetic and electromagnetic shields under various HDC hybrid excitations, including the different spatial distributions of the same excitation parameters. The new member-set (P21e) with magnetic flux compensation can experimentally determine the total power loss inside the load-component, which helps to validate the numerical modeling and simulation with confidence. The additional iron loss inside the laminated sheets caused by the magnetic flux normal to the laminations must be correctly modeled and predicted during the design and analysis. It is also observed that the magnetic properties (B27R090) measured in the rolling and transverse directions with different direct current (DC) biasing magnetic field are quite different from each other.
Research limitations/implications
The future benchmarking target is to study the effects of stronger HDC hybrid excitations on the internal loss behavior and the microstructure of magnetic load components.
Originality/value
This paper proposes a new extension of Problem 21 Family (1993–2021) with the upgraded excitation, involving multi-harmonics and DC bias. The alternating current (AC) and DC excitation can be applied at the two sides of the model’s load-component to avoid the adverse impact on the AC and DC power supply and investigate the effect of different AC and DC hybrid patterns on the total loss inside the load-component. The overall effectiveness of numerical modeling and simulation is highlighted and achieved via combining the efficient electromagnetic analysis methods and solvers, the reliable material property modeling and prediction under complex excitations and the precise FE computation model using partition processing. The outcome of this project will be beneficial to large-scale and high-performance numerical modeling.
Details
Keywords
- New member-set
- TEAM Problem 21 Family
- Overall effectiveness
- Harmonics-DC hybrid excitation
- Magnetic flux compensation
- Load-component
- Shielding
- Stray-field loss
- Additional loss
- Material property under complex excitations
- Electromagnetic fields
- Numerical analysis
- Power losses
- Transient analysis
- Material modeling
- Computational electromagnetics
Abstract
Details
Keywords
Jiacheng Zhou, Jinglin Shi, Dongfan Yin, Lei Xu, Fuwen Zhang, Zhigang Wang, Qiang Hu and Huijun He
This study aims to investigate the impact of indium (In) content on the thermal properties, microstructure and mechanical properties of Sn-3Ag-3Sb-xIn (x = 0, 1, 2, 3, 4, 5 Wt.%…
Abstract
Purpose
This study aims to investigate the impact of indium (In) content on the thermal properties, microstructure and mechanical properties of Sn-3Ag-3Sb-xIn (x = 0, 1, 2, 3, 4, 5 Wt.%) solders to enhance the performance of tin-based solder under demanding conditions and to meet the urgent need for high-reliability microelectronic interconnection materials in emerging sectors such as automotive intelligent technology, 5G communication technology and high-performance computing.
Design/methodology/approach
In this study, Sn-3Ag-3Sb-xIn solder alloys were prepared. The thermal properties of the solder alloys were characterised by differential scanning calorimetry. Subsequently, optical microscopy, scanning electron microscopy, X-ray diffraction and an electron probe X-ray microanalyser were used to analyse the influence of the In content on the microstructure of the solder. The mechanical properties of solder alloys were determined through tensile testing.
Findings
As the In content increased, the melting temperature of the Sn-3Ag-3Sb-xIn solder decreased, accompanied by less nucleation undercooling and an expanded melting range. The incorporation of In led to an enhancement in the yield and tensile strengths of the Sn-3Ag-3Sb-xIn solder alloys, but with a concomitant decrease in plasticity. In comparison to commercial Sn-3.0Ag-0.5Cu solder alloys, the yield strength and tensile strength of the Sn-3Ag-3Sb-3In alloy increased by 8.64 and 21.69 MPa, respectively, while the elongation decreased by 11.48%.
Originality/value
Sn-3Ag-3Sb-3In solder alloy was the most appropriate and expected comprehensive properties. The enhancements will provide substantial assistance and precise data references for the interconnection requirements in high-strength interconnection fields, such as automotive intelligent technology, 5G communication technology and high-performance computing.