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1 – 10 of 464Kejing Chen, Xiaolin Li, Qingqing Wan, Jing Ye and Mo Yang
Based on the textual-analyzed data covering 2148 IPO firms in China’s stock market during the 2007–2018 period, the authors’ purpose is to examine the influence of anti-takeover…
Abstract
Purpose
Based on the textual-analyzed data covering 2148 IPO firms in China’s stock market during the 2007–2018 period, the authors’ purpose is to examine the influence of anti-takeover provision (ATP) adoption on initial public offerings (IPO) underpricing and identify the reducing effect of the former.
Design/methodology/approach
The authors examine the sample consisting of Chinese A-share listed IPO firms between 2007 and 2018 from China Stock Market Accounting Research and Chinese Research Data Services, with ATP data collected from the IPO firm chapters. Specifically, the authors use text analysis to identify whether there are ATPs in the IPO firm chapters, as well as the number of ATPs. H1: IPO underpricing is less severe for firms adopting ATPs. H2: The effect of ATP adoption on IPO underpricing is more salient for firms in worse information environments.
Findings
The authors examine the influence of ATP adoption on IPO underpricing and identify the reducing effect of the former. This effect can be explained by the fact that adopting ATPs in IPO firm chapters can reduce information asymmetry to a large extent by helping external investors obtain more private information, which alleviates IPO underpricing. The authors also find that the reducing effect is more significant in the worsened information environment. Furthermore, the authors explore the influence of adopting ATPs on other IPO characteristics and find positive effects on IPO over-subscription, funds raised and trading activity and negative effects on listing fees.
Originality/value
This study mainly contributes to the literature from the following two aspects. First, the study enriches the literature about the influencing factors of IPO underpricing. Second, the study also enriches the literature about the economic consequences of ATP adoption. This study also has important policy implications. With the coming of the era of decentralized ownership in China’s capital market, ATP adoption has become more important and attracted more attention. Also, investors focus more on pricing efficiency. The findings in this paper provide a more comprehensive understanding of the relationship between ATP adoption and IPO underpricing.
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Fang Xie, Xufan Zhang, Jing Ye, Lulu Zhou, Wenjian Zhang and Feng Tian
Based on the resource conservation theory, this research paper aims to evaluate the positive impact of customer orientation on frontline employees' emotional exhaustion and the…
Abstract
Purpose
Based on the resource conservation theory, this research paper aims to evaluate the positive impact of customer orientation on frontline employees' emotional exhaustion and the moderating effects of customer incivility and supervisor monitoring.
Design/methodology/approach
Two-wave data from 484 frontline employees in power supply business halls were analyzed. This study used AMOS 23.0, SPSS22.0 and PROCESS macro for data statistics and analysis.
Findings
Our empirical research demonstrates that customer orientation has a significant positive impact on frontline employees' emotional exhaustion. At the same time, supervisor monitoring moderates the relationship between customer orientation and emotional exhaustion. The higher the interactional or observational monitoring, the stronger customer orientation's effect on frontline employees' emotional exhaustion. Moreover, a three-way interaction model exists between customer orientation, customer incivility and supervisor monitoring.
Practical implications
This study yields practical implications for helping the frontline employees of service-oriented organizations alleviate multiple interpersonal workplace pressures.
Originality/value
Based on resource conservation theory, this paper used a novel approach to focus on customer orientation, customer incivility and supervisor monitoring as interpersonal stressors.
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Jing Ye and Yaoguo Dang
Nowadays, evaluation objects are becoming more and more complicated. The interval grey numbers can be used to more accurately express the evaluation objects. However, the…
Abstract
Purpose
Nowadays, evaluation objects are becoming more and more complicated. The interval grey numbers can be used to more accurately express the evaluation objects. However, the information distribution of interval grey numbers is not balanced. The purpose of this paper is to introduce the central-point triangular whitenization weight function to solve the clustering process of this kind of numbers.
Design/methodology/approach
A new expression of the central-point triangular whitenization weight function is presented in this paper, in terms of the grey cluster problem based on interval grey numbers. By establishing the integral mean value function on the set of interval grey numbers, the application range of grey clustering model is extended to the interval grey number category, and, in this way, the grey fixed weight cluster model based on interval grey numbers is obtained.
Findings
The model is verified by a case which reveals a high distinguishability, validity and practicability.
Practical implications
This model can be used in many fields, such as agriculture, economy, geology and medical science, and provides a feasible method for evaluation schemes in performance evaluation, scheme selection, risk evaluation and so on.
Originality/value
The central-point triangular whitenization weight function is introduced. The method reflects the thought “make full use of the information” in grey system theory and further enriches the system of grey clustering theory as well as expands the application scope of the grey clustering method.
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Jing Ye, Xufan Zhang, Lulu Zhou, Decai Wang and Feng Tian
The purpose of this paper is to explore the psychological mechanism linking green human resource management (GHRM) to the in-role and extra-role green behavior of new employees.
Abstract
Purpose
The purpose of this paper is to explore the psychological mechanism linking green human resource management (GHRM) to the in-role and extra-role green behavior of new employees.
Design/methodology/approach
Based on the AMO framework, the authors used three-wave survey data from 399 newcomers and 103 superiors in China. This study uses the bootstrapping approach with Mplus 7.0.
Findings
The analysis shows the direct effect of GHRM on the in-role and extra-role green behavior of new employees as well as the mediating effects between perceived insider status and perceived external prestige.
Originality/value
This study expands research on GHRM to the in-role and extra-role green behavior of new employees. This paper also enhances the understanding of green behaviors inside and outside the roles of new employees and provides scientific implications for the green development of organizations.
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Jing Ye, Bingjun Li and Fang Liu
This paper aims to find an effective and standardized function transformation method to apply in both high-growth original data sequences and low-growth original data sequences…
Abstract
Purpose
This paper aims to find an effective and standardized function transformation method to apply in both high-growth original data sequences and low-growth original data sequences, which can improve the accuracy of model prediction in GM(1, 1) forecast.
Design/methodology/approach
In GM(1, 1) forecast, many original data sequences need to meet the quasi-exponential characteristic by methods of function transformation. However, many methods of function transformation have complex transformation processes or narrow application range. On the basis of the research results of Ye and Li, the paper presents a standardized approach based on to original data sequences and designs four situations of the standardized approach. By using high-growth and low-growth original data sequences as the objects, respectively, the paper verifies the effectiveness of the proposed method and compares the forecasting effects of GM(1, 1) based on function transformation with the original GM(1, 1).
Findings
Most of the results show that function transformations can improve the accuracy of the conventional GM(1, 1) forecast, and transform is a powerful tool to effectively process original data sequence of GM(1, 1) modeling.
Practical implications
GM(1, 1) forecast have been widely used in many fields such as agriculture, economy, meteorology, and geology. The proposed method in this paper can effectively apply to prediction of high-growth original data sequences and low-growth original data sequences, to some extent, enrich and deepen application of GM(1, 1) forecast.
Originality/value
The paper succeeds in providing a standardized approach based on and designs four intensity levels for different data sequences based on the standardized approach.
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Ying Ye and Kwok Hung Lau
The purpose of this paper is to put forward a demand chain management (DCM) framework underpinned by the alignment theory and applies it to investigate the fashion apparel (FA…
Abstract
Purpose
The purpose of this paper is to put forward a demand chain management (DCM) framework underpinned by the alignment theory and applies it to investigate the fashion apparel (FA) industry in China under the impacts of the latest economic transition.
Design/methodology/approach
An exploratory multiple case study methodology involving five Chinese FA firms, each with a different business model and ownership type, was employed. Semi-structured interviews, onsite observations and review of company documents were conducted to collect information for analysis.
Findings
Using a conceptual DCM framework as a guide for analysis, the study finds that companies with a higher level of alignment with the external market situation and among the three internal DCM dimensions, namely, market management, supply chain management (SCM), and organization management, appear to perform better under the rapidly changing economic conditions in China.
Research limitations/implications
This study contributes to knowledge by reviewing thoroughly the literature on SCM evolution and develops a DCM framework based on alignment theory that represents the state of the art in this area. By extending the administration-integration-production-development (A-I-P-D) logic set adopted in the alignment theory, this study has also equipped the proposed framework with an empirical tool to measure alignment.
Practical implications
By applying the framework to examine the Chinese apparel industry under the impacts of the latest economic transition, this study provides practitioners in the industry with a framework to help formulate strategies and a tool to measure alignment. The findings of the case study also offer insights to the industry to thrive in the rapidly changing businesses environment with dynamic uncertainties.
Originality/value
This study extends the application of the A-I-P-D logic set under the alignment theory to the SCM field. This endeavor successfully transforms the proposed DCM framework from a theoretical concept to a practical tool to help evaluate empirically the alignment and strategic fit of a firm and potential relationship with firm performance. As the Chinese FA market has increasingly evolved under the impact of the globalization, the findings of this study not only assist the local FA companies in coping with the dynamic uncertainties but also shed light on the future developments of the global FA industry. Besides, the alignment measurement tool embedded in the proposed DCM framework can help enhance the chances of business success during implementation.
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A large number of earthquake damages showed that infill walls have obvious influence on the seismic damage performance of RC frame structures. The purpose of this paper is to…
Abstract
Purpose
A large number of earthquake damages showed that infill walls have obvious influence on the seismic damage performance of RC frame structures. The purpose of this paper is to study the effect of infill walls on the cumulative plastic deformation energy of RC frame structures, for which four RC frame structures are build and the time-history response analysis under unidirectional seismic action is presented.
Design/methodology/approach
The time-history response analysis under unidirectional seismic action is presented. Then the effect of periodic reduction coefficient on the cumulative plastic deformation energy of the structures, the beams and the columns is investigated.
Findings
Finally, the quantitative calculation formulas are provided. The results show that the periodic reduction coefficient has an obvious effect on the distribution of the accumulated plastic deformation energy, and the influence rules are presented here.
Originality/value
The effect of infill walls on the cumulative plastic deformation energy of RC frame structures is quantitatively analyzed here.
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Mumtaz Ali Memon, Hiram Ting, Christian Ringle, Jun-Hwa Cheah and Nuttawuth Muenjohn
Min Li, Wenyuan Huang, Chunyang Zhang and Zhengxi Yang
The purpose of this paper is to draw on triadic reciprocal determinism and social exchange theory to examine how “induced-type” and “compulsory-type” union participation influence…
Abstract
Purpose
The purpose of this paper is to draw on triadic reciprocal determinism and social exchange theory to examine how “induced-type” and “compulsory-type” union participation influence union commitment and job involvement, and how union participation in the west differs from that in China. It also examines whether the role of both organizational justice and employee participation climate (EPC) functions in the Chinese context.
Design/methodology/approach
Cross-sectional data are collected from 694 employees in 46 non-publicly owned enterprises, both Chinese and foreign, in the Pearl River Delta region of China. A multi-level moderated mediation test is used to examine the model of this research.
Findings
Union participation is positively related to organizational justice, union commitment and job involvement. In addition, organizational justice acts as the mediator among union participation, union commitment and job involvement. Specifically, the mediating role of organizational justice between union participation and union commitment, and between union participation and job involvement, is stronger in high-EPC contexts than low-EPC contexts.
Originality/value
Instead of examining the impacts of attitudes on union participation, as per most studies in the western context, this research examines the impacts of union participation in the Chinese context on attitudes, including union commitment and job involvement. It also reveals the role of both organizational justice and EPC in the process through which union participation influences union commitment and job involvement.
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