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Article
Publication date: 8 May 2018

Fei Liu, Chao Bian and Christopher Gan

This paper aims to examine whether government intervention acts as a substitution mechanism for laws and institutions in affecting firms’ long-term debt financing decision…

Abstract

Purpose

This paper aims to examine whether government intervention acts as a substitution mechanism for laws and institutions in affecting firms’ long-term debt financing decision and the moderating effect of firm ownership on the relationship between law and finance in Chinese capital market.

Design/methodology/approach

This study uses ordinary least squares with standard errors clustered at the firm level in the regressions. To address the potential endogeneity problem, the authors also use the system generalized method of moments in their estimation.

Findings

The results show that both long-term bank debt and long-term bank debt maturity structure ratios are positively related to government intervention. The results also reveal that with improvement in the legal environment, public non-state-owned firms have more access to long-term bank debt in the regions where the level of government intervention is low.

Research limitations/implications

Government intervention appears to replace laws and institutions in influencing the allocation of financial resources in China.

Originality/value

The finding suggests the necessity of increasing the protection of both creditors and investors, and shows the importance of a free and independent judiciary system in allocating funds to private firms. The results also imply that the non-state-owned Chinese firms also benefit from the improved laws and institutions.

Details

Journal of Asia Business Studies, vol. 12 no. 2
Type: Research Article
ISSN: 1558-7894

Keywords

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Article
Publication date: 10 April 2017

Fei Liu, Bo Xiao, Eric T.K. Lim and Chee-Wee Tan

By delineating electronic word-of-mouth (e-WOM) into numerical rating and opinionated review, the purpose of this paper is to advance a research model that articulates how…

Abstract

Purpose

By delineating electronic word-of-mouth (e-WOM) into numerical rating and opinionated review, the purpose of this paper is to advance a research model that articulates how the provision of e-WOM can aid in alleviating consumers’ distrust of online service providers, a key determinant in the former’s adoption of the latter. The authors also endeavor to uncover the role gender plays in moderating the aforementioned relationship between e-WOM and distrust.

Design/methodology/approach

The research model was validated via a field survey administered on 115 college students and faculty members, who had been exposed to a custom-developed online restaurant review website. SmartPLS 2.0.M3 was employed to verify both the measurement and structural properties of the research model.

Findings

Distrust reduces male consumers’ perceptions of usefulness and ease of use toward an online service provider while increasing their adoption intention. For their female counterparts, distrust reduces both perceived ease of use and adoption intention for an online service provider. Additionally, for male consumers, only opinionated review aids in alleviating distrust. Conversely, both numerical rating and opinionated review aid in alleviating the distrust of female consumers. Moreover, in contrast to their female counterparts, male consumers are less susceptible to the influence of cognitive dissonance between numerical rating and opinionated review.

Research limitations/implications

This study integrates distrust with the technology acceptance model (TAM) in an attempt to gain a deeper appreciation of technology acceptance behavior. Furthermore, this study builds on the confirmation bias theory to delineate e-WOM into numerical rating and opinionated review in order to better explicate variations in how males and females react to these two distinct forms of e-WOM. Consistent with the cognitive dissonance theory, the distinction between numerical rating and opinionated review enables further exploration of the impact of cognitive dissonance between these two forms of e-WOM on male and female consumers’ distrust of online service providers. Finally, this study unveils contrasting conflict resolution strategies adopted by male and female consumers to cope with cognitive dissonance in e-WOM.

Practical implications

Findings from this study yield prescriptions for practitioners in terms of how e-WOM can be harnessed to alleviate consumers’ distrust of online service provider. Whereas it is crucial for online service providers to draw on opinionated review to reduce distrust for male consumers, numerical rating should be emphasized for female consumers. This study also sensitizes practitioners to the drawback of providing both numerical rating and opinionated review at the same time due to the potential for cognitive dissonance.

Originality/value

This study is the first to: position distrust within the well-accepted TAM in order to enrich the understanding of technology acceptance behavior; testify to the importance of delineating between numerical rating and opinionated review due to the possibility of cognitive dissonance between these two distinct forms of e-WOM, as well as; uncover contrasting conflict resolution strategies adopted by male and female consumers to cope with cognitive dissonance in accordance with the confirmation bias theory.

Details

Industrial Management & Data Systems, vol. 117 no. 3
Type: Research Article
ISSN: 0263-5577

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Article
Publication date: 7 August 2017

Fei Liu, Bo Xiao, Eric T.K. Lim and Chee-Wee Tan

The purpose of this paper is to advance product appeal and website appeal as focal psychological mechanisms that can be invoked by business-to-consumer e-commerce sites to…

Abstract

Purpose

The purpose of this paper is to advance product appeal and website appeal as focal psychological mechanisms that can be invoked by business-to-consumer e-commerce sites to mitigate problems of information asymmetry via signaling to bolster consumers’ purchase intention under the influence of trust.

Design/methodology/approach

Survey approach was employed to validate the research model.

Findings

Website appeal partially mediates the positive effect of product appeal on consumers’ purchase intention. Trust in e-commerce sites not only increases purchase intention directly, but it also reinforces the positive relationship between website appeal and purchase intention while attenuating the positive relationship between product appeal and purchase intention. Service content quality, search delivery quality, and enjoyment are confirmed as positive antecedents of website appeal whereas diagnosticity and justifiability are established as positive antecedents of product appeal.

Research limitations/implications

This study not only delineates product and website appeal as complementary drivers of consumer purchase on e-commerce sites, but it also derives five signals that aid in bolstering both product and website appeal. Trust is revealed to exert a moderating influence on the impact of product and website appeal on purchase intention.

Practical implications

Practitioners should prioritize their resource allocation to enhance qualities most pertinent to product and website appeal. E-commerce sites should offer product-oriented functionalities to facilitate product diagnosticity and reassure consumers of their purchase decisions.

Originality/value

This study distinguishes between product and website appeal as well as between their respective antecedents. It also uncovers how trust can alter the effects of both website and product appeal on consumers’ purchase intention.

Details

Internet Research, vol. 27 no. 4
Type: Research Article
ISSN: 1066-2243

Keywords

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Article
Publication date: 2 January 2018

Zhonghua Li, Ibrahim Kucukkoc, David Z. Zhang and Fei Liu

Surface roughness is an important evaluation index for industrial components, and it strongly depends on the processing parameters for selective laser molten Ti6Al4V…

Abstract

Purpose

Surface roughness is an important evaluation index for industrial components, and it strongly depends on the processing parameters for selective laser molten Ti6Al4V parts. This paper aims to obtain an optimum selective laser melting (SLM) parameter set to improve the surface roughness of Ti6Al4V samples.

Design/methodology/approach

A response surface methodology (RSM)-based approach is proposed to improve the surface quality of selective laser molten Ti6Al4V parts and understand the relationship between the SLM process parameters and the surface roughness. The main SLM parameters (i.e. laser power, scan speed and hatch spacing) are optimized, and Ti6Al4V parts are manufactured by the SLM technology with no post processes.

Findings

Optimum process parameters were obtained using the RSM method to minimise the roughness of the top and vertical side surfaces. Obtained parameter sets were evaluated based on their productivity and surface quality performance. The validation tests have been performed, and the results verified the effectivity of the proposed technique. It was also shown that the top and vertical sides must be handled together to obtain better top surface quality.

Practical implications

The obtained optimum SLM parameter set can be used in the manufacturing of Ti6Al4V components with high surface roughness requirement.

Originality/value

RSM is used to analyse and determine the optimal combination of SLM parameters with the aim of improving the surface roughness quality of Ti6Al4V components, for the first time in the literature. Also, this is the first study which aims to simultaneously optimise the surface quality of top and vertical sides of titanium alloys.

Details

Rapid Prototyping Journal, vol. 24 no. 1
Type: Research Article
ISSN: 1355-2546

Keywords

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Article
Publication date: 7 September 2021

Ming Huang, Zhiqiang Zhang, Peizi Wei, Fei Liu and Youliang Ding

In order to make sure of the safety of a long-span suspension bridge under earthquake action, this paper aims to study the traveling wave effect of the bridge under…

Abstract

Purpose

In order to make sure of the safety of a long-span suspension bridge under earthquake action, this paper aims to study the traveling wave effect of the bridge under multi-support excitation and optimize the semi-active control schemes based on magneto-rheological (MR) dampers considering reference index as well as economical efficiency.

Design/methodology/approach

The finite element model of the long-span suspension bridge is established in MATLAB and ANSYS software, which includes different input currents and semi-active control conditions. Six apparent wave velocities are used to conduct non-linear time history analysis in order to consider the seismic response influence in primary members under traveling wave effect. The parameters α and β, which are key parameters of classical linear optimal control algorithm, are optimized and analyzed taking into account five different combinations to obtain the optimal control scheme.

Findings

When the apparent wave velocity is relatively small, the influence on the structural response is oscillatory. Along with the increase of the apparent wave velocity, the structural response is gradually approaching the response under uniform excitation. Semi-active control strategy based on MR dampers not only restrains the top displacement of main towers and relative displacement between towers and girders, but also affects the control effect of internal forces. For classical linear optimal control algorithm, the values of two parameters (α and β) are 100 and 8 × 10–6 considering the optimal control effect and economical efficiency.

Originality/value

The emphasis of this study is the traveling wave effect of the triple-tower suspension bridge under multi-support excitation. Meanwhile, the optimized parameters of semi-active control schemes using MR dampers have been obtained, providing relevant references in improving the seismic performance of three-tower suspension bridge.

Details

International Journal of Structural Integrity, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-9864

Keywords

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Article
Publication date: 19 December 2019

Yonggui Wang and Fei Liu

Based on the business-to-business context in the service industry, this study aims to address two balancing problems that a supplier firm may face in an integrated…

Abstract

Purpose

Based on the business-to-business context in the service industry, this study aims to address two balancing problems that a supplier firm may face in an integrated framework: the trade-off between the two-dimensional market orientations (MO) (i.e. proactive and responsive MO) and the trade-off between two categories of governance mechanisms (i.e. contractual governance [CG] and relational governance [RG]). In doing so, the contingent effects of the governance mechanisms on the relationships between two-dimensional MO and service innovation capability (SIC) are empirically examined and tested.

Design/methodology/approach

A dyadic questionnaire survey of 168 services outsourcing firms’ project managers and strategy managers was used to collect data, which was then used to test the hypotheses by conducting hierarchical regression analysis.

Findings

It was observed that CG weakens the positive relationship between proactive MO (PMO) and SIC, while the positive impact of responsive MO (RMO) on SIC is strengthened. By contrast, RG plays an inverted U-shaped moderating role in the positive relationship between PMO and SIC. Nevertheless, the hypothesis that RG has an inverted U-shaped moderating effect on the effectiveness of RMO is not supported.

Originality/value

Drawing on transaction cost economics and relational exchange theory, this study contributes to the existing literature on MO by revealing how CG and RG differentially shape the value of PMO and RMO.

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Article
Publication date: 26 July 2019

Yasin Ozgurluk, Kadir Mert Doleker and Abdullah Cahit Karaoglanli

Thermal barrier coatings (TBCs), which are used in high temperature applications of gas turbines, are damaged due to fuels and airborne minerals under working conditions…

Abstract

Purpose

Thermal barrier coatings (TBCs), which are used in high temperature applications of gas turbines, are damaged due to fuels and airborne minerals under working conditions. Stable zirconia coatings, which are usually used as topcoat materials in TBCs, are damaged by interacting at high temperatures with elements such as vanadium and sulfur from low quality fuels. The purpose of this paper is to see the failure mechanism of TBC systems after hot corrosion damages.

Design/methodology/approach

CoNiCrAlY metallic bond coatings of TBC samples were produced by cold gas dynamic spray method which is a new trend production method and stabilized zirconia ceramic top coating was produced by atmospheric plasma spray method. In total, 50% by weight of V2O5 and 50% Na2SO4 salt mixtures were placed on TBC samples and subjected to hot corrosion test at 1000°C.

Findings

Hot corrosion behaviors of TBC samples were examined by scanning electron microscopy, elemental mapping analysis, energy dispersive X-ray spectrometry analysis and X-ray diffraction analysis. TBC samples were damaged at the end of 12-h cycles.

Originality/value

The paper provides to understand the mechanism of hot corrosion of TBCs with cold sprayed metallic bond coat.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 5
Type: Research Article
ISSN: 0003-5599

Keywords

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Article
Publication date: 18 November 2020

Conghua Wen, Fei Jia and Jianli Hao

Using intraday data, the authors explore the forecast ability of one high frequency order flow imbalance measure (OI) based on the volume-synchronized probability of…

Abstract

Purpose

Using intraday data, the authors explore the forecast ability of one high frequency order flow imbalance measure (OI) based on the volume-synchronized probability of informed trading metric (VPIN) for predicting the realized volatility of the index futures on the China Securities Index 300 (CSI 300).

Design/methodology/approach

The authors employ the heterogeneous autoregressive model for realized volatility (HAR-RV) and compare the forecast ability of models with and without the predictive variable, OI.

Findings

The empirical results demonstrate that the augmented HAR model incorporating OI (HARX-RV) can generate more precise forecasts, which implies that the order imbalance measure contains substantial information for describing the volatility dynamics.

Originality/value

The study sheds light on the relation between high frequency trading behavior and volatility forecasting in China's index futures market and reveals the underlying market mechanisms of liquidity-induced volatility.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

Keywords

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Article
Publication date: 23 July 2010

Congbo Li, Fei Liu and Qiulian Wang

The purpose of this paper is to explore the model for planning and implementing the green manufacturing (GM) strategy for Chinese enterprises under the background of…

Abstract

Purpose

The purpose of this paper is to explore the model for planning and implementing the green manufacturing (GM) strategy for Chinese enterprises under the background of “Energy Conservation and Pollution Emissions Reduction”.

Design/methodology/approach

Based on an in‐depth case study of a machine tool manufacturer in Chongqing, China, the paper tries to investigate the planning and implementing of a GM strategy from the perspective of the product life cycle.

Findings

The GM strategy in large developing countries needs to be enacted for a long‐term and with a continuous improvement paradigm. Planning and implementing the strategy requires an integrated model at the whole system level. A theoretical model of a five‐layer structure for planning and implementing the GM strategy under the developing context is proposed.

Research limitations/implications

The planning and implementing of the GM strategy may vary among different sectors, therefore more empirical research is needed to enhance the robustness of the findings.

Practical implications

The paper is illustrative for planning and implementing a GM strategy which shows significant benefits associated with the implementation process.

Originality/value

The paper proposes a model for planning and implementing a GM strategy under the developing context, which could provide an overview of the issues related to the GM strategy, and help enterprises maintain a balance between economic benefits and sustainable development benefits.

Details

Journal of Science and Technology Policy in China, vol. 1 no. 2
Type: Research Article
ISSN: 1758-552X

Keywords

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Article
Publication date: 1 August 2016

Jianming Zhou, Shuo Liu, Xinsheng Zhang and Ming Chen

The purpose of this paper is to investigate the impact of native Chinese R&D team directors’ differential leadership on team performance, so as to understand whether and…

Abstract

Purpose

The purpose of this paper is to investigate the impact of native Chinese R&D team directors’ differential leadership on team performance, so as to understand whether and how the directors’ differential leadership impacts team conflict, whether and how team conflict impacts new product development performance of the R&D team and whether team conflict plays full mediation on the relationship between directors’ differential leadership and new product development performance.

Design/methodology/approach

A literature review on differential leadership and team conflict provided the model and hypothesis. Two-wave data collected from 103 directors and 344 subordinates from 103 R&D teams of high-tech enterprises from China’s Pearl River Delta Area were used as empirical study samples. Hierarchical multiple regression analysis was conducted to test the model and hypothesis.

Findings

First, the team director’s differential leadership would cause significant team relationship conflict and team task conflict in the R&D team. Second, team relationship conflict and team task conflict would produce significantly bad new product development performance in the R&D team. Third, team relationship conflict would significantly mediate the relationship between the team director’s differential leadership and the team’s new product development performance.

Research limitations/implications

To yield broader conclusions and to show to that the results can be replicated in other areas or in other types of organizations, further empirical research should expand the sampling by choosing high-tech enterprises from Beijing and Shanghai that have strong innovative abilities. Moreover, to extend the differential leadership theory, few more related variables of consequences, such as team communication, team cooperation and team knowledge share, should be included in future studies.

Practical implications

In general, the native Chinese R&D department director needs to try their best to avoid the use of differential leadership style. In addition, reasonable incentive measures, promotion mechanisms and fair team work culture are needed so as to reduce the negative impact from the director’s differential leadership.

Originality/value

The paper is original in its investigation on how Chinese indigenous organizational factor – differential leadership – influences the R&D team’s conflict and new product development performance, and provides theoretical contribution and managerial implications for the R&D team management.

Details

Chinese Management Studies, vol. 10 no. 3
Type: Research Article
ISSN: 1750-614X

Keywords

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