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1 – 10 of 582Yan He, Ruixiang Jiang, Yanchu Wang and Hongquan Zhu
We form portfolios based on return and liquidity and examine the effects of liquidity and other risk factors on asset pricing in the Chinese stock market. Our results show that…
Abstract
We form portfolios based on return and liquidity and examine the effects of liquidity and other risk factors on asset pricing in the Chinese stock market. Our results show that the past loser-and-illiquid stock portfolios tend to outperform the past winner-and-liquid stock portfolios in the 1–12 months holding period. The excess return is significantly associated with the market-wide liquidity factor even when we control the three Fama-French and momentum factors. Cross-sectionally, the liquidity beta significantly affects the excess return even with control of other risk betas and other traditional liquidity proxies.
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Alessandro Creazza, Claudia Colicchia and Pietro Evangelista
The organization of services can affect the adoption of sustainable practices within the relationship between a buyer (e.g. a shipper) and a supplier (e.g. a logistics service…
Abstract
Purpose
The organization of services can affect the adoption of sustainable practices within the relationship between a buyer (e.g. a shipper) and a supplier (e.g. a logistics service provider–LSP). The purpose of this paper is to analyse, within this relationship, the mechanisms affecting collaboration between shippers and LSPs towards adopting green logistics practices to reduce the negative environmental effects of logistics processes. The authors take the perspective of small and medium enterprises (SMEs), which represent – although less investigated than large enterprises – a relevant field of investigation given their impact on the environmental sustainability of logistics processes.
Design/methodology/approach
The authors conducted a multiple case-study investigation on a set of dyads involving shippers and LSPs. The authors explored the antecedents shaping the approach to sustainability in logistics and, adopting the absorptive capacity (AC) theory, the learning and knowledge transfer processes leading to the adoption of green practices.
Findings
Collaboration between shippers and LSPs for better sustainability in logistics seems not to work when relationships are limited to simple annual (or pluriannual) contracts, and when shippers do not show ambition to improve the level of sustainability of their logistics processes (regardless of whether they show an interest in general sustainability matters). On the other hand, successful cases show higher commitment in the dyadic relationship with respect to improving logistics sustainability, good levels of communication and a more structured process of knowledge sharing, enabled by IT integration, shared performance monitoring, and creation of inter-organizational teams.
Originality/value
While most of the existing research focuses on the perspective of shippers or LSPs, this work is original since it explores collaborative mechanisms within a buyer-supplier relationship simultaneously taking the perspective of both parties, according to the lens of the AC. It identifies directions for improving collaboration within the shipper-LSP relationship in the context of SMEs to foster the adoption of collaborative green logistics practices to impact sustainability positively.
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Kurt Hess, Abeyratna Gunasekarage and Martin Hovey
This paper aims to investigate the relationship between ownership structure and performance for a comprehensive sample of Chinese listed firms for the years 2000‐2004. In…
Abstract
Purpose
This paper aims to investigate the relationship between ownership structure and performance for a comprehensive sample of Chinese listed firms for the years 2000‐2004. In particular, the paper seeks to explore the effect of the dominance of state and private blockholders and control on firm performance. It aims to use a more differentiated approach than previous research on the subject, which has mainly focused on the effects of the pervasive state ownership on firm values. Accordingly, the main theme of the paper intends to relate to the analysis of the effects of private blockholders on firm value.
Design/methodology/approach
The paper tests the ownership‐performance relationship for the state and for sub‐samples with predominantly private shareholders. The paper uses both an ordinary least squares and a two‐stage least squares analysis, which treats ownership concentration as endogenous.
Findings
The paper finds evidence that large private blockholdings are to the benefit of firm value for the full sample. Conversely, for smaller samples of companies without or with very low shareholdings by the various state players, there is some evidence that large private block shareholdings might be to the detriment of firm value.
Originality/value
The study contributes to the literature by presenting a more comprehensive treatment of the ownership‐performance relationship of listed firms in China. The main theme of the paper relates to ownership concentration and the effects of private blockholders on the performance of firms, in addition to the endogeneity of ownership. It also contributes by utilising the alternative ownership classification system developed by the National University of Singapore.
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Use of fibre‐reinforced polymer (FRP) composite rods, in lieu of steel rebars, as the main flexural reinforcements in reinforced concrete (RC) beams have recently been suggested…
Abstract
Use of fibre‐reinforced polymer (FRP) composite rods, in lieu of steel rebars, as the main flexural reinforcements in reinforced concrete (RC) beams have recently been suggested by many researchers. However, the development of FRP RC beam design is still stagnant in the construction industry and this may be attributed to a number of reasons such as the high cost of FRP rods compared to steel rebars and the reduced member ductility due to the brittleness of FRP rods. To resolve these problems, one of the possible methods is to adopt both FRP rods and steel rebars to internally reinforce the concrete members. The effectiveness of this new reinforcing system remains problematic and continued research in this area is needed. An experimental study on the load‐deflection behaviour of concrete beams internally reinforced with glass fibre‐reinforced polymer (GFRP) rods and steel rebars was therefore conducted and some important findings are summarized in this paper.
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I.M. Mousaa, N.A. Abdelreheim, S.A. Elnaggar and Rasha M. Fathy
The purpose of this study is to prepare copper oxide nanoparticles (CuO NPs) in an easy and efficient way using a natural and environmentally friendly substance like ascorbic…
Abstract
Purpose
The purpose of this study is to prepare copper oxide nanoparticles (CuO NPs) in an easy and efficient way using a natural and environmentally friendly substance like ascorbic acid. Various concentrations of these nanoparticles were then added to solvent-free coating formulations to produce highly hydrophobic, corrosion-resistant and antimicrobial hybrid coatings. These hybrid formulations were also used to coat the spent fuel casks for their integrity.
Design/methodology/approach
The hybrid coated films were then characterized by X-ray diffraction, Fourier transform infrared spectroscopy (FT-IR), water contact angle and Scanning electron microscope (SEM). In addition, different measurements, namely, mechanical, physical, chemical, thermal, corrosion tests, open circuit potential and antimicrobial activity of these hybrid films were performed.
Findings
The results showed that the copper oxide was prepared at nanometer scales with good homogeneity and diffusion in the epoxy acrylate matrix. It also showed that some hybrid coatings have high corrosion resistance, strong hardness, excellent water resistance, remarkable antimicrobial activity and high thermal stability compared to virgin epoxy acrylates.
Originality/value
The formula containing 0.5% CuO NPs was found to provide the highest corrosion protection and antimicrobial activity for mild steel in 3.5% sodium chloride (NaCl).
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Mohammad Pourbagher, Changiz Ghobadi, Javad Nourinia and Rahim Naderali
To achieve right-hand circular polarization (RHCP), a 3-dB Wilkinson power divider with a λ/4 phase shifter is used. The crossed-dipoles are placed at almost λ/4 elevation on the…
Abstract
Purpose
To achieve right-hand circular polarization (RHCP), a 3-dB Wilkinson power divider with a λ/4 phase shifter is used. The crossed-dipoles are placed at almost λ/4 elevation on the ground plane and connected to two coaxial cables. Experiments show that the impedance bandwidth of 49.40% (913.7–1,513.1 MHz) and axial ratio bandwidth (ARBW) of 22.88% (1,145.8–1,441.8 MHz) are achieved.
Design/methodology/approach
In this study, a wideband crossed-dipole antenna with circularly polarized (CP) radiation for L-band satellite and radar applications is presented. The proposed CP antenna comprises two orthogonally placed printed dipoles, a quadrature coupler and a box-shaped ground plane.
Findings
Furthermore, by fixing the box-shaped ground plane under the radiators, 5.13 dBic RHCP peak gain at 1,300 MHz and maximum half-power beamwidth (HPBW) of 84.5° at 1,170 MHz are realized for the antenna.
Originality/value
Eight metallic walls are connected to four corners of the substrate to stabilize the radiation properties in this study. Results show that the ARBW and front-to-back ratio are improved and the maximum HPBW around 127° across the operating frequency band is achieved. The proposed CP antenna is a good candidate for Global Positioning System (GPS) L2 (1.227 GHz), GPS L5 (1.176 GHz) and air route surveillance radar system at 1,215–1,390 MHz frequency band.
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Ann Mary Varghese, R. Sai Shiva Jayanth, Remya Tressa Jacob, Abhishek Srivastava and Rudra Prakash Pradhan
The learning outcomes of this case study are to understand the business model canvas and value propositions and apply advanced business innovation tools in electric vehicle…
Abstract
Learning outcomes
The learning outcomes of this case study are to understand the business model canvas and value propositions and apply advanced business innovation tools in electric vehicle business models; evaluate the current cargo vehicle scenarios at national and global levels and draw out the possibilities and costs for a new player; extrapolate the future scenario of the cargo economy, its electrification and positioning in a business-to-business (B2B) and business-to-customer (B2C) segment, especially for a developing economy; and improve the student’s ability to get organisational buy-in and execute new business models.
Case overview/synopsis
LoadExx is a fully electrified electric cargo service focusing on logistics in Kolkata, a metropolitan city in the eastern part of the country. The service of LoadExx commenced in January 2021 in the B2B segment after overcoming its then issues of driver hesitancy and customer anxiety and financial issues to adopt electrified cargo systems. The conundrum faced by LoadExx in its commencement thus had been solved under the able guidance of its owner Amit Arora. The case study was positioned four months after the commencement of LoadExx. To gain market power and traction, Arora and his team came up with the idea of market expansion. However, the current conundrum was whether LoadExx would enter the B2C segment in its current location or expand with the same business model to other parts of the country. The expansion was to be implemented in the immediate future to retain its rarity and reduce the imitability of the business model of LoadExx. This case study details the logistics and market operations of the cargo sector, especially electric cargo, in a developing economy, especially India. A teaching note supplementing the “Cracking the conundrum of e-cargo logistics: curious case of LoadExx” case study has been provided.
Complexity academic level
This case study is designed for undergraduate and postgraduate students and senior management professionals in executive education programmes undertaking courses in logistics management and supply chain operations and related cargo logistics courses. This case study denotes integrating key processes from end-users and gaining the trust of drivers, thereby showing the perspective of the plight and conundrums of a cargo aggregator working in the B2C segment. This case study could be used to discuss concepts related to not-for-profit firms, aggregators, policymakers and think tanks.
Supplementary materials
Teaching notes are available for educators only.
Subject code
CSS 9: Operations and logistics.
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Zhou Su, Xiangwang Kong, Tao He, Dongyu Wu, Jingjing Wu and Shaohe Zhang
Material extrusion technology is considered to be an effective way to realize the accurate and integrated manufacturing of high-performance metal diamond tools with complex…
Abstract
Purpose
Material extrusion technology is considered to be an effective way to realize the accurate and integrated manufacturing of high-performance metal diamond tools with complex structures. The present work aims to report the G4 binder that can be used to create metal composite filament loading high concentrations of large diamond particles through comparative experiments.
Design/methodology/approach
The quality of filaments was evaluated by surface topography observation and porosity measurement. And the printability of filaments was further studied by the tensile test, rheological test, shear analysis and printing test.
Findings
The results show that the G4 binder exhibits the best capacity for loading diamonds among G1–G4. The L4 filament created with G4 has no defects such as pores, cracks and patterns on the surface and section, and has the lowest porosity, which is about 1/3 of the L1. Therefore, the diamond-containing composite filament based on G4 binder exhibits the best quality. On the other hand, the results of the tensile test of L5–L8 filaments reveal that as the diamond content increases from 10% to 30%, the tensile strength of the filament decreases by 29.52%, and the retention force coefficient decreases by 15.74%. This can be attributed to the formation of inefficient bonding areas of the clustered diamond particles inside the composite filament, which also leads to a weakening of the shear strength. Despite this, the results of the printing test show that the diamond-containing composite filament based on the G4 binder has reliable printability.
Originality/value
Therefore, the G4 binder is considered to solve the most critical first challenge in the development of diamond-containing filament.
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Markus Vanharanta and Phoebe Wong
The purpose of this paper is to ease the methodological application of critical realist multilevel research in business marketing. Although there has been plenty of theoretical…
Abstract
Purpose
The purpose of this paper is to ease the methodological application of critical realist multilevel research in business marketing. Although there has been plenty of theoretical contributions in this field, it is not always clear how critical realism can be best applied in business marketing settings. Accordingly, this paper addresses this gap in literature. Also, this paper addresses the calls for a multilevel conceptualization for resilience, based on the critical realist laminated systems.
Design/methodology/approach
This is a conceptual paper, which uses pre-existing literature to develop a critical realist methodological approach for the purposes of multilevel business marketing research. The contribution is based on literature by combining pre-existing ideas in a new way in the context of business marketing.
Findings
This paper makes a methodological contribution by introducing the critical realist “laminated systems” to business marketing as a multilevel research approach. Furthermore, the authors conceptualize a specific laminated model, the Laminated Interactional Model (LIM), that is designed for the purpose of business marketing research. The LIM is a methodological tool that conceptualizes business marketing based on six levels of analysis, easing the methodological application of critical realism in business marketing settings. In addition, to provide an example, the authors apply the LIM to the literature on resilience, providing a multilevel conceptualization. This is a timely contribution, as resilience has emerged as a central concept addressing interorganizational survival during the COVID-19 pandemic.
Originality/value
This paper makes three main contributions to business marketing. First, this paper provides a methodological contribution by introducing the critical realist notion of “laminated systems” to business marketing. Second, this paper conceptualizes a specific laminated model for business marketing, namely, the LIM. Third, as a response to the COVID-19 pandemic, this paper will apply critical realism and the LIM to the notion of resilience, addressing the calls for multilevel conceptualizations.
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Rahma Al-Kharousi, Naeema H Jabur, Abdelmajed Bouazza and Nabhan Al-Harrasi
– The purpose of this paper is to investigate the different factors that affect using Web 2.0 applications in Omani academic libraries (OALs).
Abstract
Purpose
The purpose of this paper is to investigate the different factors that affect using Web 2.0 applications in Omani academic libraries (OALs).
Design/methodology/approach
In all, 29 interviews with directors and library staff of five OALs were conducted for the purpose of collecting data for the current research.
Findings
The results indicated that there are nine internal factors and four external factors that affect using Web 2.0 applications in OALs. Internal factors include the low motivation of directors and library staff regarding using of Web 2.0 applications, lack of training and constant changes in the management structure. Meanwhile, the external factors are related to lack of policy and regulations and weakness and low speed of the internet.
Practical implications
Most academic libraries in Oman have not yet adopted Web 2.0 applications to enhance their services. Therefore, this study intends to open insight into the state of Web 2.0 adoption in academic libraries and will help library managers to understand factors facing the use of Web 2.0 applications in their libraries, and this could signal a basis for policy shift in the internet infrastructure especially in the institutions of the higher education.
Originality/value
This research is the first study in the field of Web 2.0 applications in OALs that investigates the factors affecting the use of Web 2.0 applications in academic libraries in general and in OALs specifically.
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