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1 – 10 of 22Given the scarcity of studies regarding religious food as a destination attraction and limited research on tourist halal food experience, this study aims to explore and compare…
Abstract
Purpose
Given the scarcity of studies regarding religious food as a destination attraction and limited research on tourist halal food experience, this study aims to explore and compare halal food experience perceived by Muslim and non-Muslim tourists in a non-Islamic destination.
Design/methodology/approach
This study was carried out in a halal food street in Yuanjia Village, China. It used a qualitative approach and interviewed 16 Muslim tourists and 20 non-Muslim tourists.
Findings
Six themes and 18 attributes of halal food experience were identified. The findings revealed that Muslim tourists saw the reassuring options and religious value of halal food as important experiences. By contrast, the experiences of abundant choices, value for money, sensory pleasure and unique charm were frequently mentioned by non-Muslim tourists. The nature of halal food, the context of China (i.e. Chinese halal food culture) and the feature of research site (i.e. food operation of Yuanjia Village) work together to create such experiences.
Originality/value
To the best of the authors’ knowledge, this is one of the first studies to explore and compare halal food experiences of Muslim and non-Muslim tourists in a non-Islamic country (China). This study suggests that halal food could be an appealing destination attraction, even in non-Islamic destinations. Thus, this study contributes to a better understanding of the halal food experiences and assists destination marketers in promoting halal food.
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Yanlin Sun, Siyu Liu and Shoudong Chen
This paper aims to identify the direct impact of fund style drift on the risk of stock price collapse and the intermediary mechanism of financial risk, so as to better protect the…
Abstract
Purpose
This paper aims to identify the direct impact of fund style drift on the risk of stock price collapse and the intermediary mechanism of financial risk, so as to better protect the interests of minority investors.
Design/methodology/approach
This paper takes all the non-financial companies on the Chinese Growth Enterprise Market from 2011 to 2020 as study object and selects securities investment funds of their top ten circulation stocks to study the relationship between fund style drift and stock price crash risk.
Findings
Fund style drift is likely to add stock price crash risk. Financial risk is positively correlated with stock price crash risk. Fund style drift affects stock price crash risk via the mediating effect of financial risk, and fund style drift and financial risk have a marked impact on the stock price crash risk of non-state enterprises, yet a non-significant impact on that of state-owned enterprises.
Originality/value
This paper links fund style drift with stock price crash risk in an exploratory manner and enriches the study perspectives of relationship between institutional investors’ behaviors and stock price crash risk, thus enjoying certain academic value. On the one hand, it furnishes a new approach to the academic frontier issue concerning financial risk and stock price crash risk, and proves that financial risk is positively correlated with stock price crash risk. On the other hand, it regards financial risk as a mediating variable of fund style drift for stock price crash risk and further explores different influencing mechanism of institutional investors’ behaviors.
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Xiaogang Cao, Hui Wen and Bowei Cao
In this paper, the authors study the production and pricing decisions of a remanufacturing supply chain composed of a supplier, an assembler and a remanufacturer, in which the…
Abstract
Purpose
In this paper, the authors study the production and pricing decisions of a remanufacturing supply chain composed of a supplier, an assembler and a remanufacturer, in which the remanufacturing of components requires patent licensing from the supplier.
Design/methodology/approach
The authors consider three different models with government subsidy for remanufacturing: (1) no government subsidies; (2) the government subsidizes the remanufacturing behavior of the supplier and (3) the government subsidizes the remanufacturing behavior of the remanufacturer and use the Stackelberg game model to solve and analyze the equilibrium wholesale prices of components and the equilibrium outputs of new and remanufactured products under three subsidy modes.
Findings
The results show that the equilibrium wholesale prices of two kinds of components decrease with the unit patent licensing fee and the unit government subsidy, and the equilibrium quantity of the remanufactured products under the three modes is obviously higher than that of the new products.
Originality/value
Finally through numerical simulation, it is found that the equilibrium profits of the supplier, the manufacturer and the supply chain increase monotonously in relation to the unit government subsidy, while the optimal profit of the assembler in relation to the unit government subsidy tends to decrease first and then increase.
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Quan Phung, Bilge Erdogan and Yasemin Nielsen
The paper aims to identify core components for managing sustainability in construction-building projects and to understand how these components support each other to achieve…
Abstract
Purpose
The paper aims to identify core components for managing sustainability in construction-building projects and to understand how these components support each other to achieve project success. It proposes a model for sustainable project management (SPM) to achieve sustainable project success (SPS).
Design/methodology/approach
The research utilised structural equation modelling to empirically test the conceptual model and the hypotheses associated to the 35 project-management related success factors and 24 performance criteria identified in literature review. Data was collected through 143 questionnaires carried out with construction professionals who have minimum two years' experience in sustainable building projects across the UK. Mediation analysis was used to identify the inter-relationships between the variables and components in the model.
Findings
The paper developed a model for SPM which consists of five components: (1) sustainability goal definition, (2) project team enhancement toward sustainability, (3) planning for sustainability, (4) sustainability assessment and (5) stakeholder management. Stakeholder management and sustainability goal definition were found to have a significant and direct impact to the achievement of SPS. The other three were found to generate an indirect but important impact on the SPS. The results showed that attention should be paid to all five components to fully support the development of sustainability in projects.
Research limitations/implications
Regarding the research approach, the generalisation of this research's findings is limited to the construction industry in the UK and similar developed countries.
Originality/value
This paper provides a further understanding of the inter-related effects of SPM and their impact on SPS.
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João Maranha, Paulo Jorge Nascimento, Tomaz Alexandre Calcerano, Cristóvão Silva, Stefanie Mueller and Samuel Moniz
This study provides an up-to-date review of additive manufacturing (AM) technologies and guidance for selecting the most appropriate ones for specific applications, taking into…
Abstract
Purpose
This study provides an up-to-date review of additive manufacturing (AM) technologies and guidance for selecting the most appropriate ones for specific applications, taking into account the main features, strengths, and limitations of the existing options.
Design/methodology/approach
A literature review on AM technologies was conducted to assess the current state-of-the-art. This was followed by a closer examination of different AM machines to gain a deeper insight into their main features and operational characteristics. The conclusions and data gathered were used to formulate a classification and decision-support framework.
Findings
The findings indicate the building blocks of the selection process for AM technologies. Furthermore, this work shows the suitability of the existing AM technologies for specific cases and points to opportunities for technological and decision-support improvements. Lastly, more standardization in AM would be beneficial for future research.
Practical implications
The proposed framework offers valuable support for decision-makers to select the most suitable AM technologies, as demonstrated through practical examples of its utilization. In addition, it can help researchers identify the limitations of AM by pinpointing applications where existing technologies fail to meet the requirements.
Originality/value
The study offers a novel classification and decision-support framework for selecting AM technologies, incorporating machine characteristics, process features, physical properties of printed parts, and costs as key features to evaluate the potential of AM. Additionally, it provides a deeper understanding of these features as well as the potential opportunities for AM and its impact on various industries.
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Davoud Mahmoudinia and Seyed Mohammad Mostolizadeh
The purpose of this study was to investigate the dynamic interactive link between housing prices, stock market price and effective exchange rate in the Iranian economy for a…
Abstract
Purpose
The purpose of this study was to investigate the dynamic interactive link between housing prices, stock market price and effective exchange rate in the Iranian economy for a monthly period from April, 2004, to March, 2019. In addition, for a more accurate analysis, three control and determinates variables including real interest rate, real GDP and FDI have been added to the base model.
Design/methodology/approach
For this purpose, we will consider this issue by developing the study of Lean & Smyth (2014), Ali & Zaman (2017) and Coskun et al (2017) in the framework of ADRL and NARDL models. Also, this study analyzed the asymmetric/non-linear impact of stock market indexes and effective exchange rate on Iran’s housing inflation. Asymmetries imply to both positive and negative changes in the variables.
Findings
The results obtained from the ADRL and NARDL models suggest that the existence of cointegration relationship between housing market price and its determinants. From linear model, we found that the exchange rate and stock market price have a positive effect on the real estate inflation in the short run; this relationship is also confirmed in the long run. Other empirical results indicate that the GDP stimulates housing price in both long and short run cases, while FDI and real interest rate have an opposite effect. In addition, the results provided by the asymmetric model lead to the rejection of the null hypothesis of no co-integration between the variables. In addition, we found that the effect of stock price in the short and long term are asymmetric and there also is an asymmetric long-run effect of real exchange rate on the real estate price.
Originality/value
Finally, to analyze the sensitivity, we entered two explanatory variables of inflation and money supply to the baseline equation. The finding represented that in both linear and nonlinear framework, a positive correlation between these two variables with housing prices have been proved.
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Shangkun Liang, Rong Fu and Yanfeng Jiang
Independent directors are important corporate decision participants and makers. Based on the Chinese cultural background, this paper interprets the listing order of independent…
Abstract
Purpose
Independent directors are important corporate decision participants and makers. Based on the Chinese cultural background, this paper interprets the listing order of independent directors as independent directors’ status, exploring their influence on the corporate research and development (R&D) behavior.
Design/methodology/approach
This paper studies A-share listed firms in China from 2008 to 2018 as the sample. The main method is ordinary least square (OLS) regression. We also use other methods to deal with endogenous problems, such as the firm fixed effect method, change model method, two-stage instrumental variable method, and Heckman two-stage method.
Findings
(1) Higher independent directors’ status attribute to more effective exertion of supervision and consultation function, and positively enhance the corporate R&D investment. The increase of the independent director’ status by one standard deviation will increase the R&D investment by 4.6%. (2) The above effect is more influential in firms with stronger traditional culture atmosphere, higher information opacity and higher performance volatility. (3) High-status independent directors promote R&D investment by improving the scientificity of R&D evaluation and reducing information asymmetry. (4) The enhancing effect of independent director’ status on R&D investment is positively associated with the firm’s patent output and market value.
Originality/value
This paper contributes to understanding the relationship between the independent directors’ status and their duty execution from an embedded cultural background perspective. The findings of the study enlighten the improvement of corporate governance efficiency and the healthy development of the capital market.
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