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1 – 10 of over 8000Bingzi Jin and Xiaojie Xu
The purpose of this study is to make property price forecasts for the Chinese housing market that has grown rapidly in the last 10 years, which is an important concern for both…
Abstract
Purpose
The purpose of this study is to make property price forecasts for the Chinese housing market that has grown rapidly in the last 10 years, which is an important concern for both government and investors.
Design/methodology/approach
This study examines Gaussian process regressions with different kernels and basis functions for monthly pre-owned housing price index estimates for ten major Chinese cities from March 2012 to May 2020. The authors do this by using Bayesian optimizations and cross-validation.
Findings
The ten price indices from June 2019 to May 2020 are accurately predicted out-of-sample by the established models, which have relative root mean square errors ranging from 0.0458% to 0.3035% and correlation coefficients ranging from 93.9160% to 99.9653%.
Originality/value
The results might be applied separately or in conjunction with other forecasts to develop hypotheses regarding the patterns in the pre-owned residential real estate price index and conduct further policy research.
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Xueli Song, Fengdan Wang, Rongpeng Li, Yuzhu Xiao, Xinbo Li and Qingtian Deng
In structural health monitoring, localization of multiple slight damage without baseline data is significant and difficult. The purpose of this paper is to discuss these issues.
Abstract
Purpose
In structural health monitoring, localization of multiple slight damage without baseline data is significant and difficult. The purpose of this paper is to discuss these issues.
Design/methodology/approach
Damage in the structure causes singularities of displacement modes, which in turn reveals damage. Methods based on the displacement modes may fail to accurately locate the slight damage because the slight damage in engineering structure results in a relatively small variation of the displacement modes. In comparison with the displacement modes, the strain modes are more sensitive to the slight damage because the strain is the derivative of the displacement. As a result, the slight variation in displacement data will be magnified by the derivative, leading to a significant variation of the strain modes. A novel method based on strain modes is proposed for the purpose of accurately locating the multiple slight damage.
Findings
In the two bay beam and steel fixed-fixed beams, the numerical simulations and the experimental cases, respectively, illustrate that the proposed method can achieve more accurate localization in comparison with the one based on the displacement modes.
Originality/value
The paper offers a practical approach for more accurate localization of multiple slight damage without baseline data. And the robustness to measurement noise of the proposed method is evaluated for increasing levels of artificially added white Gaussian noise until its limit is reached, defining its range of practical applicability.
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Runze Ling, Ailing Pan and Lei Xu
This study examines the impact of China’s mixed-ownership reform on the innovation of non-state-owned acquirers, with a particular focus on the impact on firms with high financing…
Abstract
Purpose
This study examines the impact of China’s mixed-ownership reform on the innovation of non-state-owned acquirers, with a particular focus on the impact on firms with high financing constraints, low-quality accounting information or less tangible assets.
Design/methodology/approach
We use a proprietary dataset of firms listed on the Shanghai and Shenzhen Stock Exchanges to investigate the impact of mixed ownership reform on non-state-owned enterprise (non-SOE) innovation. We employ regression analysis to examine the association between mixed ownership reform and firm innovation.
Findings
The study finds that non-state-owned firms can improve innovation by acquiring equity in state-owned enterprises (SOEs) under the reform. Eased financing constraints, lowered financing costs, better access to tax incentives or government subsidies, lowered agency costs, better accounting information quality and more credit loans are underlying the impact. Additionally, cross-ownership connections amongst non-SOE executives and government intervention strengthen the impact, whilst regional marketisation weakens it.
Originality/value
This study adds to the literature on the association between mixed ownership reform and firm innovation by focussing on the conditions under which this impact is stronger. It also sheds light on the policy implications for SOE reforms in emerging economies.
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Drawing primarily on examples from the United States, this chapter explains how cities often misprice street parking, and the consequences that flow from that mispricing. The…
Abstract
Purpose
Drawing primarily on examples from the United States, this chapter explains how cities often misprice street parking, and the consequences that flow from that mispricing. The chapter then discusses progress toward charging market prices for street parking. In particular I examine equity- and fairness-based objections to market prices and find that most of these objections do not withstand scrutiny
Methodology/approach
I present street parking as an example of price controls, and use a sample of American cities to show that many street parking regimes exhibit the four hallmark consequences of price ceilings: shortages, misallocation, search costs, and shadow markets.
Findings
Most parking in American cities is free or underpriced (relative to nearby off-street parking), which creates the conditions for cruising and the justification for minimum parking requirements. Contrary to perceptions, off-street parking in US downtowns is usually available – most garages have at least 20 percent vacancy. Lastly, on-street parking charges are often lower than round-trip transit fares, even though drivers are on average more affluent than transit riders.
Practical implications
The chapter demonstrates the logical inconsistency of keeping street parking free, as well as the practical problems that arise by doing so. It also addresses the common concerns that dense areas have insufficient parking, and that accurately priced street parking would burden low-income people.
Originality/value of paper
By using the price control framework, the chapter provides a novel way to think about parking pricing, one that emphasizes the distortions created by governments’ refusal to price their valuable street space. The chapter also provides new evidence about the relative prices of on- and off-street parking, and the burdens of parking charges relative to charges for transit.
Shabahat Ali, Weiwei Wu and Sadaqat Ali
Building upon the firm market orientation theories, this study aims to examine the individual and synergistic effects of the firm inside-out and outside-in marketing capability on…
Abstract
Purpose
Building upon the firm market orientation theories, this study aims to examine the individual and synergistic effects of the firm inside-out and outside-in marketing capability on its incremental and radical product innovation outcomes.
Design/methodology/approach
By collecting cross-sectional data from 203 manufacturing firms in Pakistan, confirmatory factor analysis in AMOS and hierarchical multiple regression analysis in SPSS are performed to validate the study measurement models and test the hypothesized relationships, respectively.
Findings
The findings of this study suggest both inside-out and outside-in marketing capability critical for incremental and radical product innovation. Specifically, inside-out marketing capability is found positively associated with incremental product innovation and non-linearly (inverted U-shaped) associated with radical product innovation. Conversely, outside-in marketing capability is found positively associated with radical product innovation but non-linearly (inverted U-shaped) associated with incremental product innovation. However, the results indorse that developing synergy between the inside-out and outside-in marketing capability positively impacts both incremental and radical product innovation.
Originality/value
Drawing from the firm inside-out and outside-in market orientation theories, the study extends the existing research on product innovation outcomes from the marketing capabilities perspective. Previous literature highly recognized the value of the firm market orientation and being market-driven in market-based product innovations. However, there was a lack of understanding of how the firm marketing capabilities facilitate incremental and radical product innovation. This study provides a novel understanding of the firm inside-out and outside-in marketing capability role in inducing incremental and radical product innovation which enrich and extend the current literature on firm capabilities and product innovations from a marketing perspective.
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Mohamed Abdel-Aty, Qi Shi, Anurag Pande and Rongjie Yu
Purpose – This chapter provides details of research that attempts to relate traffic operational conditions on uninterrupted flow facilities (e.g., freeways and expressways) with…
Abstract
Purpose – This chapter provides details of research that attempts to relate traffic operational conditions on uninterrupted flow facilities (e.g., freeways and expressways) with real-time crash likelihood. Unlike incident detection, the purpose of this line of work is to proactively assess crash likelihood and potentially reduce the likelihood through proactive traffic management techniques, including variable speed limit and ramp metering among others.
Methodology – The chapter distinguishes between the traditional aggregate crash frequency-based approach to safety evaluation and the approach needed for real-time crash risk estimation. Key references from the literature are summarised in terms of the reported effect of different traffic characteristics that can be derived in near real-time, including average speed, temporal variation in speed, volume and lane-occupancy, on crash occurrence.
Findings – Traffic and weather parameters are among the real-time crash-contributing factors. Among the most significant traffic parameters is speed particularly in the form of coefficient of variation of speed.
Research implications – In the traffic safety field, traditional data sources are infrastructure-based traffic detection systems. In the future, if automatic traffic detection systems could provide reliable data at the vehicle level, new variables such as headway could be introduced. Transferability of real-time crash prediction models is also of interest. Also, the potential effects of different management strategies to reduce real-time crash risk could be evaluated in a simulation environment.
Practical implications – This line of research has been at the forefront of bringing data mining and other machine-learning techniques into the traffic management arena. We expect these analysis techniques to play a more important role in real-time traffic management, not just for safety evaluation but also for congestion pricing and alternate routing.
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In any time and space and under any circumstance, we find peasants are never passive actors in their livelihoods and rural development. Instead, they always create space for…
Abstract
In any time and space and under any circumstance, we find peasants are never passive actors in their livelihoods and rural development. Instead, they always create space for manoeuvre in order to make changes. This chapter analyses the innovative actions taken by the majority of rural inhabitants in rural areas during the overwhelming modernization process, so as to affirm that peasants are the main actors of rural development. It is they who have shaped the transformation of rural societies and the history. Through the analysis, this chapter concludes that rural development is not an objective, a blueprint nor a design. It is not the to-be-developed rear field in modernization. It is not the babysitter for cities, nor a rehearsal place for bureaucrats to testify their random thoughts. Rural development is what peasants do. The path they have chosen reveals scenery so different from modernization. If we regard development as a social change, or a cross with influential meanings, we could understand rural development as peasants’ victories over their predicament. Villages accommodate not only peasants, but without peasants villages would surely vanish. In this sense, the most important part in rural development or rural change is peasants – their conditions and their feelings.
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Xin Li, Siwei Wang, Xue Lu and Fei Guo
This paper aims to explore the impact of green finance on the heterogeneity of enterprise green technology innovation and the underlying mechanism between them.
Abstract
Purpose
This paper aims to explore the impact of green finance on the heterogeneity of enterprise green technology innovation and the underlying mechanism between them.
Design/methodology/approach
Using the data of China's A-share listed enterprises from 2008 to 2020 and the fixed effect model, the authors empirically explore the relationship and mechanism between green finance and green technology innovation by constructing the green finance index while considering both the quality and quantity of innovation.
Findings
The study suggests that green finance is positively related to the quality and quantity of enterprise green technology innovation, while green finance is more effective in stimulating the quality of green technology innovation than quantity. In addition, alleviating financial mismatch and improving the quality of environmental information disclosure are core mechanisms during the process of green finance facilitating green technology innovation. Furthermore, green finance exerts a more positive effect on the quality and quantity of green technology innovation with large-size enterprises, heavily polluting industries and enterprises in the eastern region.
Originality/value
This paper enriches the literature on green finance and green technology innovation and provides practical significance for green finance implementation.
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Wu He and Shenghua Zha
The existing mashup literature paid little attention to the actual adoption and diffusion of mashups in an organizational context. As more and more organizations are engaged in…
Abstract
Purpose
The existing mashup literature paid little attention to the actual adoption and diffusion of mashups in an organizational context. As more and more organizations are engaged in mashup initiatives, more research efforts focussing on the mashup use and adoption issues from the organizational perspective are needed to ensure that organizations can receive the maximum benefits from their mashup initiatives. Two studies are conducted to increase the understanding of the use and adoption issues with social media mashups. The paper aims at discussing these issues.
Design/methodology/approach
The paper first used a text mining approach to analyze relevant posts on blogs and messages in a major online mashup forum in order to understand the current status of social media mashup as well as representative themes and issues with social media mashups in general. Subsequently, the paper reviewed a number of social media mashup sites created by higher education institutions (HEIs) in the USA.
Findings
The paper identified some representative themes and issues with social media mashups in general. The paper also identified the approaches that were used to design the interface of social media mashup sites by HEIs. Based on the two studies, this paper provides recommendations and insights to guide social media mashup development and adoption in an organizational context.
Originality value
This is the first article to discuss the use and adoption of social media mashups in organizational environments. This paper can be used as a starting point to motivate other researchers to further explore the diffusion of social media mashups in different industries. This paper also helps organizations improve their social media mashup initiatives.
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Abstract
Purpose
The Internet of Things (IoT) has attracted a lot of attention in both industrial and academic fields for recent years. Artificial intelligence (AI) has developed rapidly in recent years as well. AI naturally combines with the Internet of Things in various ways, enabling big data applications, machine learning algorithms, deep learning, knowledge discovery, neural networks and other technologies. The purpose of this paper is to provide state of the art in AI powered IoT and study smart public services in China.
Design/methodology/approach
This paper reviewed the articles published on AI powered IoT from 2009 to 2018. Case study as a research method has been chosen.
Findings
The AI powered IoT has been found in the areas of smart cities, healthcare, intelligent manufacturing and so on. First, this study summarizes recent research on AI powered IoT systematically; and second, this study identifies key research topics related to the field and real-world applications.
Originality/value
This research is of importance and significance to both industrial and academic fields researchers who need to understand the current and future development of intelligence in IoT. To the best of authors’ knowledge, this is the first study to review the literature on AI powered IoT from 2009 to 2018. This is also the first literature review on AI powered IoT with a case study of smart public service in China.
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