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Article
Publication date: 11 February 2021

Mingyang Liu, Huifen Zhu, Guangjun Gao, Chen Jiang and G.R Liu

The purpose of this paper is to investigate a novel stabilization scheme to handle convection and pressure oscillation in the process of solving incompressible laminar…

Abstract

Purpose

The purpose of this paper is to investigate a novel stabilization scheme to handle convection and pressure oscillation in the process of solving incompressible laminar flows by finite element method (FEM).

Design/methodology/approach

The semi-implicit stabilization scheme, characteristic-based polynomial pressure projection (CBP3) consists of the Characteristic-Galerkin method and polynomial pressure projection. Theoretically, the proposed scheme works for any type of element using equal-order approximation for velocity and pressure. In this work, linear 3-node triangular and 4-node tetrahedral elements are the focus, which are the simplest but most difficult elements for pressure stabilizations.

Findings

The present paper proposes a new scheme, which can stabilize FEM solution for flows of both low and relatively high Reynolds numbers. And the influence of stabilization parameters of the CBP3 scheme has also been investigated.

Research limitations/implications

The research in this work is limited to the laminar incompressible flow.

Practical implications

The verification and validation of the CBP3 scheme are conducted by several 2 D and 3 D numerical examples. The scheme could be used to deal with more practical fluid problems.

Social implications

The application of scheme to study complex hemodynamics of patient-specific abdominal aortic aneurysm is also presented, which demonstrates its potential to solve bio-flows.

Originality/value

The paper simulated 2 D and 3 D numerical examples with superior results compared to existing results and experiments. The novel CBP3 scheme is verified to be very effective in handling convection and pressure oscillation.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 31 no. 5
Type: Research Article
ISSN: 0961-5539

Keywords

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Article
Publication date: 14 May 2018

Yuanyuan Lai, Huifen Sun and Jifan Ren

Based on previous literature on big data analytics (BDA) and supply chain (SC) management, the purpose of this paper is to address the factors determining firms’ intention…

Abstract

Purpose

Based on previous literature on big data analytics (BDA) and supply chain (SC) management, the purpose of this paper is to address the factors determining firms’ intention to adopt BDA in their daily operations. Specifically, this study classifies potential factors into four categories: technological, organizational, environmental factors, and SC characteristics.

Design/methodology/approach

Drawing on the innovation diffusion theory, a model consisted of direct technological and organizational factors as well as moderators was proposed. Subsequently, survey data was collected from 210 organizations. Then we used SPSS and SmartPLS to analyze the collected data.

Findings

The empirical results revealed that perceived benefits and top management support can significantly influence the adoption intention. And environmental factors, such as competitors’ adoption, government policy, and SC connectivity, can significantly moderate the direct relationships between driving factors and the adoption intention.

Research limitations/implications

Given the fact that big data (BD) usage in logistics and SC management is still in the start-up stage, the interpretations toward BDA might vary from different perspectives, thus causing some ambiguity in understanding the meaning and potential BD has. In addition, we collected data through questionnaires completed by IT managers, whose viewpoint may not fully represent that of an organization.

Practical implications

This paper tests the organizational adoption intention of BDA and extends the literature streams of BD and SC management simultaneously.

Social implications

This research helps top managers assess the benefits of BDA as well as how to adjust their business strategy along the changes of environment and SC maturity.

Originality/value

This paper contributes to the literature of organizational adoption intention of BDA and extends the literature streams of BD and SC management simultaneously.

Details

The International Journal of Logistics Management, vol. 29 no. 2
Type: Research Article
ISSN: 0957-4093

Keywords

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Article
Publication date: 9 January 2020

Xiaolong Li, Lin Tian, Liang Han and Helen (Huifen) Cai

The purpose of this paper is to use samples from Chinese-listed companies to investigate the effects of interest rate deregulation and earnings transparency on company’s…

Abstract

Purpose

The purpose of this paper is to use samples from Chinese-listed companies to investigate the effects of interest rate deregulation and earnings transparency on company’s capital structure in China over the period of 2003–2015. In particular, the authors study the link between state-owned enterprises (SOEs), economic growth targets and marketization in China’s unique institutional context.

Design/methodology/approach

Based on the methodology of quantitative analysis, the authors use baseline and cluster analysis for all samples with full set of controls, for robustness tests of alternative proxy of interest rate control by using a cluster analysis at the firm level, regarding endogeneity tests conducted fixed effect model with adding instrument variables (IV), two-period factors regression method via IV and system generalized method of moments for dynamic analysis.

Findings

The results show that earnings transparency increases firm leverage and the additional tests suggest that such an effect takes place via a mechanism by reducing the cost of debt finance. However, information transparency could moderate the effects of interest rate deregulation on corporate capital structure. In addition, it finds that SOEs are less sensitive toward the changes of interest rates in China because lending to SOEs is policy-oriented and lacks of market evaluation of business risk. Government control is conducive to enhancing the transparency of the whole industry; however, market-oriented reform is conducive to enhancing the transparency of the company’s own information.

Research limitations/implications

The paper makes contribution to the relationship between earnings disclosure quality and capital structure in the Chinese unique institutional context, such as taking the progressive interest rate reform, SOES, different economic growth target and different marketization level in each province of China. The authors suggest that investors will pay more attention to the company’s own unique information transparency in the provinces with a high degree of marketization. As a potential direction for future research, the authors will investigate how the earnings transparency has impact on capital structure, and how such impact would depend on the transparency of specific business, the cap of foreign shareholding and the convenience of investment.

Practical implications

This research would be the target of banking market reform in order to bring a fair financing environment for all businesses in China. It implies that current experiment of interest rate liberalization in China is not as efficient as it could be in allocating funds across all businesses. State banks, SOEs and local governments are still the biggest players on both the demand and supply sides of the Chinese credit markets.

Social implications

The social implication of this paper lies in the fact that first, it provides additional evidence on the effect of market-oriented reforms through how the information transparency interacts with the financial decisions making of corporations. Second, it offers policy implication to banking market deregulation in China.

Originality/value

The paper makes contribution to the relationship between earnings disclosure quality and capital structure in the Chinese unique institutional context. This research tests the existing literature, such as Francis et al. (2004) and Zhang and Lu (2007), and suggests that informationally transparent firms have a higher debt ratio and lower effective interest costs on bank loans. In addition, this paper further explores the role played by interest rate deregulation in corporate finance, and in turn market fund allocation. This paper sheds new light on information transparency and explores the relationship between earnings disclosure quality and debt financing behaviors of Chinese publicly listed companies over the period of 2003–2015.

Details

International Journal of Emerging Markets, vol. 15 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

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