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Book part
Publication date: 27 November 2017

Hung-Chi Li, Syouching Lai, James A. Conover, Frederick Wu and Bin Li

Lai, Li, Conover, and Wu (2010) propose a four-factor financial distress model to explain stock returns in the U.S. and Japanese markets. We examine this model in the…

Abstract

Lai, Li, Conover, and Wu (2010) propose a four-factor financial distress model to explain stock returns in the U.S. and Japanese markets. We examine this model in the stock markets of Australia, and six Asian markets (Hong Kong, Indonesia, Korea, Malaysia, Singapore, and Thailand). We find broad empirical support for the four-factor financial distress risk asset-pricing model in those markets. The four-factor financial distress asset pricing model improves explanatory power beyond the Fama–French (1993) three-factor asset pricing model in six of the seven Asian-Pacific markets (12 of 14 portfolio groupings), while the Carhart (1997) momentum-based asset pricing model only improves explanatory power beyond the Fama–French model in three of the seven markets (4 of 14 portfolio groupings).

Details

Growing Presence of Real Options in Global Financial Markets
Type: Book
ISBN: 978-1-78714-838-3

Keywords

Article
Publication date: 14 September 2021

Chi Hung Leung and Yan Mu

The rates of emotional distress have risen in many countries during the COVID-19 pandemic. This study assessed the emotional distress of adolescents and young adults in…

Abstract

Purpose

The rates of emotional distress have risen in many countries during the COVID-19 pandemic. This study assessed the emotional distress of adolescents and young adults in Hong Kong and mainland China in the first year of the pandemic and tested whether spirituality was a protective factor against this emotional distress.

Design/methodology/approach

Cross-sectional data were collected in two samples of students aged 17–25 in Hong Kong (N = 503) and 13–20 in mainland China (N = 649). Participants completed the Spiritual Health and Life Orientation Measure (SHALOM) to evaluate their spiritual health (personal-communal, environmental and transcendental domains) and the short form of the Depression, Anxiety and Stress Scale-21 (DASS-21) to assess their emotional distress.

Findings

Based on the DASS-21 scores, there was a high rate of adolescents and young adults categorized as showing extremely severe symptoms of depression, anxiety and stress in both Hong Kong and mainland China. Structural equation modeling showed that in both the Hong Kong and mainland China samples the personal and communal and environmental domains of spiritual health were significantly and negatively correlated with all three forms of emotional distress. However, transcendental spiritual health was uncorrelated with psychological distress in Hong Kong and positively correlated with psychological distress in mainland China.

Research limitations/implications

The high rate of severe emotional distress in this sample of adolescents and young adults under COVID-19, and the fact that not all aspects of spiritual health protected again psychological distress are cause for concern, with implications for government, education systems and students.

Originality/value

Healthy spirituality can be found among youths who are upbeat, self-confident, optimistic and constructive and have also been shown to have a higher quality of life in the form of mental, physical and psychological health. The present study is the first study to examine the spiritual and mental health of high school and university students under the impact of COVID-19 in mainland China and in Hong Kong.

Details

Asian Education and Development Studies, vol. 11 no. 2
Type: Research Article
ISSN: 2046-3162

Keywords

Article
Publication date: 24 June 2020

Chi-Hung Chung, Dickson K.W. Chiu, Kevin K.W. Ho and Cheuk Hang Au

This study aims to explore how social media help promote environmental education and pro-environmental behaviours by analysing how young adults access social media and…

2176

Abstract

Purpose

This study aims to explore how social media help promote environmental education and pro-environmental behaviours by analysing how young adults access social media and traditional media to obtain environmental information differently, how environmental ideas are disseminated through social media and how people perceive and realise environmentalism.

Design/methodology/approach

This is a qualitative study based on a semi-structured interview with student participants. The questions used in the interview were developed by on the integrated waste reduction model by Nishio and Takeuchi (2005) and the enhanced model proposed by Ho et al. (2019).

Findings

The results indicate that young adults agree and accept that living environmentally friendly lifestyles is an important goal. Although they acquire environmental information from social media, they seldom share or interact with those social media posts. This behaviour implies that they are information receivers when dealing with such contents.

Originality/value

The finding of this study provides insight for stakeholders on how to promote related knowledge and encourage people to be “greener” more often and construct a friendlier atmosphere for fostering more in-depth environmental discussions on social media.

Details

Information Discovery and Delivery, vol. 48 no. 4
Type: Research Article
ISSN: 2398-6247

Keywords

Article
Publication date: 2 September 2019

Xiaosen Huo, Ann Tit Wan Yu, Wu Zezhou and Wadu Mesthrige Jayantha

The purpose of this paper is to present site planning and design (SPD) relevant variables and items in practice for practitioners to better understand and implement SPD in…

Abstract

Purpose

The purpose of this paper is to present site planning and design (SPD) relevant variables and items in practice for practitioners to better understand and implement SPD in green building projects.

Design/methodology/approach

The research methods include questionnaire survey and case studies in the context of China. A questionnaire survey was adopted to identify the importance of 13 variables and the corresponding 38 items in SPD of green residential buildings. Three green residential projects including one in Hong Kong and two in Mainland China were selected to investigate the SPD considerations in practice and to discuss the necessary improvement.

Findings

The results show that 12 out of the 13 variables of SPD in green buildings are involved in the three case projects to some extent, thereby underscore the importance of these variables. The potential improvement in real-life SPD of green buildings is also discussed such as adopting design-build and integrated project delivery methods and preserving and protecting cultural characteristics on site.

Originality/value

The research findings may serve as a reference for practitioners to better conduct SPD in green building projects.

Details

Engineering, Construction and Architectural Management, vol. 27 no. 2
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 10 February 2012

G. Kannabiran and P. Dharmalingam

The auto ancillary industry in India has witnessed huge capacity expansion and modernization due to entry of foreign automobile manufacturers in the post liberalization…

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Abstract

Purpose

The auto ancillary industry in India has witnessed huge capacity expansion and modernization due to entry of foreign automobile manufacturers in the post liberalization era. In spite of potential benefits, the adoption of advanced IT among small to medium‐sized enterprises (SMEs) is low in India. There are several technological, economical and organizational factors that enable or inhibit the adoption of advanced IT. The primary objective of this research is to identify and evaluate the key factors that are enabling or inhibiting adoption of advanced IT in the Indian auto ancillary SMEs.

Design/methodology/approach

In order to identify and evaluate the enablers and inhibitors, a detailed survey was carried out among registered Indian auto ancillary SMEs during 2010. Out of 584 registered SMEs, 110 owners/top managers of the SMEs responded to the survey. The data collected through the survey were analyzed using confirmatory factor analysis and multivariate regression to evaluate the influence of enablers and inhibitors of advanced IT adoption by the auto ancillary SMEs.

Findings

The survey findings show that the level of advanced IT adoption in auto ancillaries is low with only 17 per cent of SMEs having adopted technologies. This study reveals that “perceived benefits” and “perceived competitive pressure” enable advanced IT adoption among auto ancillary SMEs in India. However, “lack of financial capacity”, “small scale operation and “lack of in‐house IT manpower” inhibit the adoption. It is also found that enablers such as “changes in business environment”, “IT experience of CEO/owner” and “increased information linkage with OEM/customer” do not have any influence on the adoption. Similarly in the case of inhibitors, “lack of IT Infrastructure” and “lack of information security” do not have significant association with IT adoption. Despite the positive external IT environment and recognition of benefits, advanced IT adoption by SMEs in the auto ancillaries is limited by lack of financial capabilities and in‐house IT human resources.

Originality/value

This is one of the early papers that brings out the enablers and inhibitors of advanced IT adoption by auto ancillaries in India. Further, these factors are systematically analyzed to assess the relative importance with reference to the SMEs. The findings contribute to theory of IT adoption among SMEs, but more importantly to the SMEs in the auto ancillary, and policy makers and IT service providers who are likely to facilitate increased adoption.

Details

Journal of Enterprise Information Management, vol. 25 no. 2
Type: Research Article
ISSN: 1741-0398

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