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Article
Publication date: 24 June 2020

Young Joon Park, Fan Zhang and Yeujun Yoon

This study aims to examine the “external effect” of a migrated star player on their domestic sport industries. By exploring the new aspect of star power, this study…

Abstract

Purpose

This study aims to examine the “external effect” of a migrated star player on their domestic sport industries. By exploring the new aspect of star power, this study provides important insight and critical implication to many relevant stakeholders in the professional sports league. Particularly, this is critical under the recent circumstance where the globalization of sports products becomes the central strategic issue of the world-class leagues.

Design/methodology/approach

In this paper, the external effect of star players migrated from three Asian leagues (Japan, Korea and Taiwan) to Major League Baseball in the USA, the world-class baseball league, on their domestic league attendance demand was empirically investigated. For the analysis, comprehensive historical data from various reliable sources from each league were collected.

Findings

The findings of the paper strongly support the external effect of migrated stars significantly existing in all the three leagues. The effect is consistent across various measurements of migrated star players. More interestingly, the effect was found to be mixed across different leagues; for example, migrated star players increases in domestic league attendance in Japan, while it decreases in Korea and Taiwan. This indicates that the external effect of migrated star players depends on the characteristics of the domestic leagues. In addition, it was found that the external effect was substantial enough to compare to the effect of major demand drivers such as team winning, competitive balance and star power. For managerial implications, this study also provides revenue projections induced by the impact of migrated star players.

Originality/value

This study opens a new chapter related to star power topic and immediately calls for future studies regarding this external effect, particularly, theoretical and behavioral approaches.

Details

International Journal of Sports Marketing and Sponsorship, vol. 22 no. 2
Type: Research Article
ISSN: 1464-6668

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Article
Publication date: 8 May 2018

Shenggen Fan, Emily EunYoung Cho and Christopher Rue

The purpose of this paper is to review China’s past returns in a period over the last 40 years to public agricultural and rural investments to highlight the importance for…

Abstract

Purpose

The purpose of this paper is to review China’s past returns in a period over the last 40 years to public agricultural and rural investments to highlight the importance for future strategic investments in China’s agri-food system and in rural areas.

Design/methodology/approach

The paper synthesizes research findings from previous studies and reviews more recent trends. Based on the main findings, the authors provide forward-looking guidance for China’s investments agriculture and rural areas in the context of emerging global and domestic trends in agriculture, food security, and nutrition.

Findings

Public investments in the agricultural research and development (R&D), rural education, and rural infrastructure have been shown to have significant positive returns to agricultural growth as well as to reductions in poverty and regional inequality. Returns to overall agricultural GDP were highest for agricultural R&D, followed by education, roads, and telephones. Investment in education had the greatest returns to poverty reduction, as well as to nonfarm GDP and overall rural GDP. Investment in agricultural R&D had the second greatest returns in term of poverty reduction, and was also a close second in returns to nonfarm GDP and overall rural GDP following education. The rural infrastructure spending also saw significant returns to poverty reduction, largely through growth in agricultural and nonagricultural sectors. Investments in agriculture and rural areas will continue to be important, as China and the world face emerging challenges amidst a changing global landscape, particularly regarding climate change, rapid urbanization, nutritional imbalances, and food safety concerns. In addressing these emerging challenges, continued support for agricultural R&D and innovations can play a key role.

Originality/value

The paper highlights research findings on key investment areas that will be increasingly important for China’s agri-food system, and provides guidance in the context of emerging trends impacting food security and nutrition.

Details

China Agricultural Economic Review, vol. 10 no. 2
Type: Research Article
ISSN: 1756-137X

Keywords

Book part
Publication date: 16 December 2009

Zongwu Cai and Yongmiao Hong

This paper gives a selective review on some recent developments of nonparametric methods in both continuous and discrete time finance, particularly in the areas of…

Abstract

This paper gives a selective review on some recent developments of nonparametric methods in both continuous and discrete time finance, particularly in the areas of nonparametric estimation and testing of diffusion processes, nonparametric testing of parametric diffusion models, nonparametric pricing of derivatives, nonparametric estimation and hypothesis testing for nonlinear pricing kernel, and nonparametric predictability of asset returns. For each financial context, the paper discusses the suitable statistical concepts, models, and modeling procedures, as well as some of their applications to financial data. Their relative strengths and weaknesses are discussed. Much theoretical and empirical research is needed in this area, and more importantly, the paper points to several aspects that deserve further investigation.

Details

Nonparametric Econometric Methods
Type: Book
ISBN: 978-1-84950-624-3

Book part
Publication date: 7 January 2015

This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards…

Abstract

This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it examines international influences, including supranational organizations; foreign investors and international accounting firms; domestic institutional influences, including the political system, economic system, legal system, and cultural system; and accounting infrastructure. China’s convergence is driven by desired efficiency of the corporate sector and legitimacy of participating in the global market. Influenced heavily by international forces in the context of globalization, corporate governance and accounting practices are increasingly becoming in line with internationally acceptable standards and codes. While convergence assists China in obtaining legitimacy, improving efficiency is likely to be adversely affected given that corporate governance and accounting in China operate in an environment that differs considerably from those of Anglo-American countries. An examination of the corporate governance and accounting environment in China suggests heavy government involvement within underdeveloped institutions. While the Chinese government has made impressive progress in developing the corporate governance and accounting environment for the market economy, China’s unique institutional setting is likely to affect how the imported concepts are interpreted and implemented.

Details

Adoption of Anglo-American Models of Corporate Governance and Financial Reporting in China
Type: Book
ISBN: 978-1-78350-898-3

Keywords

Book part
Publication date: 7 January 2015

Abstract

Details

Adoption of Anglo-American Models of Corporate Governance and Financial Reporting in China
Type: Book
ISBN: 978-1-78350-898-3

Article
Publication date: 18 October 2021

Fan Zhang, Peng Yin, Yuyang Liu and Jianmei Wang

The purpose of this paper is to study the influence of pivot stiffness on the dynamic characteristics of tilting-pad journal bearings (TPJBs) and the stability of the…

Abstract

Purpose

The purpose of this paper is to study the influence of pivot stiffness on the dynamic characteristics of tilting-pad journal bearings (TPJBs) and the stability of the bearing-rotor system.

Design/methodology/approach

A theoretical numerical model is established, and the influences of pivot stiffness on TPJBs and a bearing-rotor system are analyzed. Then, two kinds of pivot structures with different stiffness are designed and the vibration characteristics are tested on the vertical rotor bearing test bench.

Findings

The pivot stiffness has an obvious effect on the dynamic characteristics of the TPJBs and the stability of the bearing-rotor system. As a result of appropriate pivot stiffness, the critical speed and the vibration amplification factor can be reduced, the logarithmic decay rate and the stability of the rotor system can be effectively increased. While the journal whirl orbit is smoother and the rubbing is obviously reduced when the bearings have flexible pivots.

Originality/value

The influence of pivot stiffness on TPJBs and a vertical rotor-bearing system is studied by theoretical and experimental methods.

Details

Industrial Lubrication and Tribology, vol. 73 no. 10
Type: Research Article
ISSN: 0036-8792

Keywords

Book part
Publication date: 23 September 2015

Michael O’Regan and Jaeyeon Choe

As its market and society open up, China has transformed itself from a closed agrarian socialist economy to an urban state and an economic force. This has released…

Abstract

As its market and society open up, China has transformed itself from a closed agrarian socialist economy to an urban state and an economic force. This has released accumulated tourism demand, led to the development of a diversified industry, and the spread of university and vocational courses in this field. However, the industry faces challenges to recruit and retain staff, with tourism education in higher education blamed for the shortfall in numbers and quality of candidates with suitable purpose, knowledge, and passion to serve. This chapter provides a background to the development of and problems facing tourism education in China, and suggests how to support student engagement and hence the future workforce.

Details

Tourism Education: Global Issues and Trends
Type: Book
ISBN: 978-1-78350-997-3

Keywords

Article
Publication date: 5 September 2016

Anan Zhang, Shi Chen, Fan Zhang, Xuliang Zhang, Hongwei Li and Xue Gong

It is very indispensable for the various control centers of multi-transmission system owners (TSOs) grids to coordinate their reactive power optimization (RPO) efforts…

Abstract

Purpose

It is very indispensable for the various control centers of multi-transmission system owners (TSOs) grids to coordinate their reactive power optimization (RPO) efforts. However, such coordinated equilibrium point is comparatively hard to achieve unless one TSO control center could obtain all grids’ information in detail, which may lead to confidential issue and heavy communicating load. The purpose of this paper is to propose a solution to optimizing the reactive power control efforts among multi-TSOs grids with a mathematic interconnection model and reasonable communication cost.

Design/methodology/approach

Based on the interconnected power network equation, the stability-related optimum reactive power injection and the power-loss-related optimum reactive power injection were derived, respectively. Furthermore, according to the decomposition-and-coordination-based computing methodology, a coordinated RPO model for interconnected TSOs was designed, taking into consideration both the static voltage stability and economy.

Findings

The extreme values for the indicator L of power grid voltage stability and active power loss function were found and proved to be minimums. According to these extreme values, an expression for the reactive power injection at interconnected nodes between TSOs grids was obtained, and a coordinated strategy of RPO was established, which could take the static voltage stability and economy into consideration without confidential concern.

Originality/value

The existence of minimum values for indicator L of voltage stability and power loss was demonstrated, respectively. And the method presented in this paper can ensure the safety of information among different TSO grids, i.e. avoiding confidential issues. In particular, the coordinated control method can be implemented on the local power grid without knowing all of the parameters of its interconnection.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 35 no. 5
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 3 July 2017

Anan Zhang, Fan Zhang, Zhi Li, Qian Li, Xuliang Zhang and Jing Wang

With the growing scale of power grids, integrated power grids often contain multiple areas. When the control centre of each regional grid conducts an assessment of local…

Abstract

Purpose

With the growing scale of power grids, integrated power grids often contain multiple areas. When the control centre of each regional grid conducts an assessment of local voltage stability, the calculation is always based on the local regional power grid model. However, less consideration is given to a detailed model of the entire network, which may lead to a large calculation error. Under the premise of ensuring the data and information security of Supervisory Control and Data Acquisition between different regional power grid operation control centres, the purpose of this paper is to reduce calculation error simply by using the data of a local power network.

Design/methodology/approach

According to the calculation methodology of “decomposition and coordination” and the power balance equation of an interconnected power grid, an improved radial equivalent independent (REI) equivalent method, which can reflect the dynamic characteristics of interconnected power grids to a certain extent, is proposed in this paper. A mathematical model of multi-area-grid L indicator synergic computing is derived as well.

Findings

With the calculation of Institute of Electrical and Electronics Engineers (IEEE) standard grids and an actual grid model, it is proven that the method proposed in this paper can significantly improve the accuracy of the regional power grid L indicator calculation and achieve the synergic computing of a multi-area power system L indicator, without an increase in data interaction among the regional power grids.

Originality/value

The indicator of voltage stability among multi-area was obtained by using the improved REI equivalent method with the change of the load participation factor. Particularly, the coordinated calculation method can be implemented on a local power grid without knowledge of all the parameters of its interconnection, which can avoid possible leakage of confidential data and information of the system owners.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 36 no. 4
Type: Research Article
ISSN: 0332-1649

Keywords

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