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Article
Publication date: 1 June 2005

Li‐teh Sun

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the…

Abstract

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the American preemptive invasion and occupation of Afghanistan and Iraq and the subsequent prisoner abuse, such an existence seems to be farther and farther away from reality. The purpose of this work is to stop this dangerous trend by promoting justice, love, and peace through a change of the paradigm that is inconsistent with justice, love, and peace. The strong paradigm that created the strong nation like the U.S. and the strong man like George W. Bush have been the culprit, rather than the contributor, of the above three universal ideals. Thus, rather than justice, love, and peace, the strong paradigm resulted in in justice, hatred, and violence. In order to remove these three and related evils, what the world needs in the beginning of the third millenium is the weak paradigm. Through the acceptance of the latter paradigm, the golden mean or middle paradigm can be formulated, which is a synergy of the weak and the strong paradigm. In order to understand properly the meaning of these paradigms, however, some digression appears necessary.

Details

International Journal of Sociology and Social Policy, vol. 25 no. 6/7
Type: Research Article
ISSN: 0144-333X

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Book part
Publication date: 15 April 2020

Badi H. Baltagi, Georges Bresson and Jean-Michel Etienne

This chapter proposes semiparametric estimation of the relationship between growth rate of GDP per capita, growth rates of physical and human capital, labor as well as…

Abstract

This chapter proposes semiparametric estimation of the relationship between growth rate of GDP per capita, growth rates of physical and human capital, labor as well as other covariates and common trends for a panel of 23 OECD countries observed over the period 1971–2015. The observed differentiated behaviors by country reveal strong heterogeneity. This is the motivation behind using a mixed fixed- and random coefficients model to estimate this relationship. In particular, this chapter uses a semiparametric specification with random intercepts and slopes coefficients. Motivated by Lee and Wand (2016), the authors estimate a mean field variational Bayes semiparametric model with random coefficients for this panel of countries. Results reveal nonparametric specifications for the common trends. The use of this flexible methodology may enrich the empirical growth literature underlining a large diversity of responses across variables and countries.

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Article
Publication date: 23 July 2021

William Chongyang Zhou and Sunny Li Sun

Extant literature has indicated that government support is one of the main drivers of international expansion of Chinese multinational enterprises. However, research on…

Abstract

Purpose

Extant literature has indicated that government support is one of the main drivers of international expansion of Chinese multinational enterprises. However, research on the influence of governors on firm internationalization is still limited. Drawing upon the institution-based view, we theorize a novel concept of institutional enablement to illustrate the influence of a governor's pro-market ideology on Chinese firms' internationalization.

Design/methodology/approach

We analyze the relationship between a governor's pro-market ideology (consisting of a pro-market political ideology, an overseas educational background and a business background) and firm internationalization with a sample of Chinese public companies during 2014–2017.

Findings

We find a direct and positive effect of a governor's pro-market ideology on firm internationalization. We also find an indirect and positive effect of a governor's pro-market ideology through regional, inward foreign direct investment.

Originality/value

To the best of our knowledge, this paper is the first to investigate an underexplored question of the impact of governors on firm internationalization and to develop a novel concept of institutional enablement, based on discursive institutionalism.

Details

Cross Cultural & Strategic Management, vol. 28 no. 4
Type: Research Article
ISSN: 2059-5794

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Article
Publication date: 7 October 2019

Joel Harper and Li Sun

The purpose of this study is to examine the impact of asymmetric information, estimated as the geographic distance between the acquiring firm and the target firm, on…

Abstract

Purpose

The purpose of this study is to examine the impact of asymmetric information, estimated as the geographic distance between the acquiring firm and the target firm, on goodwill impairment following a merger or acquisition.

Design/methodology/approach

This study uses regression analysis to investigate the research questions of this study.

Findings

This study finds that geographic distance is positively related to the magnitude of current and cumulative goodwill impairment. The results of this study still hold even after robustness checks for other factors that affect mergers and acquisitions and sources of asymmetric information.

Originality/value

This study extends and links two distinct research streams: asymmetric information related to geographic distance studies in finance and goodwill literature in accounting. Specifically, this study extends literature on the impact of geographic distance on various firm characteristics and contributes to research regarding the determinants of goodwill impairment, a major research stream in goodwill accounting (Li and Sloan, 2016). To the best of the authors’ knowledge, this is the first study that performs a direct empirical test on the relation between geographic distance (between the acquiring firm and the target firm) and goodwill impairment.

Details

International Journal of Accounting & Information Management, vol. 27 no. 4
Type: Research Article
ISSN: 1834-7649

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Article
Publication date: 30 August 2021

Sunny Li Sun, Yanli Zhang and Zhu Zhu

The purpose of this paper is to propose a broadened and integrated red team strategy with concrete steps to help companies better deal with the disruptive forces prevalent…

Abstract

Purpose

The purpose of this paper is to propose a broadened and integrated red team strategy with concrete steps to help companies better deal with the disruptive forces prevalent in the world today and turn disruptions into growth.

Design/methodology/approach

This paper synthesizes and builds on previous research and relevant business cases accumulated through our research and executive teaching experience. The authors offer a broadened and integrated red team strategy with practical guidance for business executives

Findings

The authors provide four key steps to help companies implement the red team strategy: create a red team culture and encourage diverse perspectives; establish an independent red team to overcome organizational inertia; use the red team to embrace disruption and growth opportunities; and take a milestone approach to red team execution and resource allocation.

Research limitations/implications

More research on red team strategy is needed to delve into the underlying factors and delineate the boundary conditions for specific details in this strategy and implementation.

Practical implications

The red team strategy provides concrete steps to help companies in their efforts to adapt to and capitalize on disruptive forces.

Originality/value

The red team strategy extends the concept and application of red teams and integrates previously fragmented ideas and practices into a systematic model with simple steps, which make it easier for companies to cope with disruption.

Details

Journal of Business Strategy, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 23 March 2020

Jiasen Sun, Shuqi Xu and Guo Li

The power industry is the pillar industry of the Chinese economy, and also a major carbon emitter. The performances of both the production and operation of the power…

Abstract

Purpose

The power industry is the pillar industry of the Chinese economy, and also a major carbon emitter. The performances of both the production and operation of the power industry are crucial for a harmonious development of society. This study proposes an improved data envelopment analysis (DEA) model to analyze the sustainable performance of China's power supply chain (PSC).

Design/methodology/approach

To analyze the sustainable performance of PSC systems in China's provincial regions, this study proposes a two-stage directional distance function (DDF) model. The proposed model not only considers the leader–follower game relationship between the power-generation system and the retail system, but also considers the factors that measure the sustainability level of the PSC.

Findings

The proposed model is applied to assess the sustainable performance of the PSCs of China's provincial regions. The findings are valuable and mainly include the following aspects: First, compared with other models, this study regards the intermediate variable of the power system as a freely disposable variable; therefore, the efficiency of the proposed model is more realistic. Second, the average efficiency of China's power retailing system is generally lower than the average efficiency of its power-generation system. Third, significant regional differences affect the power-generation efficiency, while the regional differences in power retail efficiency are not significant. The power-generation performances of PSCs in East China and Northeast China are generally higher than in other regions.

Originality/value

This study introduces the convex technique into a DEA model and thus proposes an improved two-stage DDF DEA model. In response to the game-theoretic inherent in power systems, this study also introduces the leader–follower game into the two-stage model. In addition to the theoretic novelty, all PSCs can be classified with this model. Moreover, specific recommendations for each type of PSCs are proposed based on the efficiency results, thus providing vital guidance for the practice.

Details

Journal of Enterprise Information Management, vol. 34 no. 1
Type: Research Article
ISSN: 1741-0398

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Article
Publication date: 12 June 2017

Xiang Nie, Shanshan Zhao and Yanheng Li

This paper aims to take the four resin as adsorbent and coal ash alkaline solution as the material and use the single factor experimental method to study absorption…

Abstract

Purpose

This paper aims to take the four resin as adsorbent and coal ash alkaline solution as the material and use the single factor experimental method to study absorption influence factors for each resin to absorb lithium. At the same time, the authors got the special properties of some kinds of resin and compared the test results of each resin at the optimum factors.

Design/methodology/approach

Because many factors affect the test, this study uses the method of comparison and control variables. This method study on the influencing factors of ion exchange resin adsorption Li+.

Findings

In these adsorption experiments, the basic resin adsorption effect is more obvious. The optimum adsorption conditions are as follows: resin quality is 0.1 g, the volume of fly ash solution is 100 ml, magnetic stirrer speed is 140 r/min and the adsorption time is 60 min. Under these conditions, the adsorption rate of Li+ could reach 25.17 per cent aluminum.

Originality/value

Li extracted from coal ash can not only relieve the lithium resources in short supply but can also provide a new mode to the field of coal resources in recycling economy and transition economy. At the same time, the extraction of Li resources will provide an important reserve of raw materials for the future of nuclear power plant.

Details

World Journal of Engineering, vol. 14 no. 3
Type: Research Article
ISSN: 1708-5284

Keywords

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Article
Publication date: 11 October 2018

Sunny Li Sun, Jianqiang Xiao, Yanli Zhang and Xia Zhao

How do entrepreneurs use simple rules to build their business models? Based on an inductive study of three Chinese Internet and technology firms, the authors find that…

Abstract

Purpose

How do entrepreneurs use simple rules to build their business models? Based on an inductive study of three Chinese Internet and technology firms, the authors find that business models emerge from simple rules that entrepreneurs learn from their experience. Simple rules also guide entrepreneurs to actualize and exploit opportunities in the marketplace, and they can help business models evolve through market feedback, especially in internationalization. This paper aims to delve into the black box of entrepreneurial decision-making and offer a better depiction of the business model development process in uncertain and fast-changing environments and thus provide guidance for future entrepreneurs.

Design/methodology/approach

Following the case method (Eisenhardt, 1989; Yin, 2003), the authors first present a thick description of characteristics of three companies and the dynamics of their business models. They then code these descriptions into first-order measures. Finally, they aggregate these measures into abstract constructs. They constantly compare the theoretical constructs and the emerging theory with the existing literature on business models.

Findings

The authors generate three key insights from the findings: business models emerge from simple rules learned from entrepreneurs’ experience, simple rules help entrepreneurs exploit and actualize opportunities in the marketplace and simple rules help businesses expand and evolve business models through market feedback, especially in internationalization.

Originality/value

This paper falls into the intersection of strategy and entrepreneurship – an emerging new field of strategic entrepreneurship – and is concerned with how businesses create and sustain a competitive advantage while simultaneously identifying and exploiting new opportunities. The authors bring people – the individual decision-makers for businesses – back in strategy research and depict a more realistic picture of the behavior of successful entrepreneurs and their business model development process.

Details

Multinational Business Review, vol. 26 no. 4
Type: Research Article
ISSN: 1525-383X

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Article
Publication date: 5 July 2021

Akhilesh Bajaj and Li Sun

Borderline firms whose bond rating has a plus or minus specification by a rating agency face a greater potential for an upgrade or downgrade by the agency. The authors…

Abstract

Purpose

Borderline firms whose bond rating has a plus or minus specification by a rating agency face a greater potential for an upgrade or downgrade by the agency. The authors examine the level of chief executive officer (CEO) power in firms with a plus or minus bond rating. The authors test whether CEOs of these firms become more or less powerful, along with the effect of corporate governance and existing bond rating.

Design/methodology/approach

The authors use a panel sample with 16,429 observations from 1992 to 2016 from the ExecuComp database.

Findings

The authors find that CEOs of borderline-rated firms tend to be less powerful, relative to firms with a non-proximate rating. This result is largely present in firms with a plus rating. The authors also find that our primary findings are mainly driven by firms with low bond ratings (i.e. below investment grade) or by firms with weak corporate governance. Lastly, the authors document that CEO personal characteristics (i.e. CEO age, gender and tenure) impact our findings.

Research limitations/implications

First, firms in our sample are large public companies, and the external validity of our results to smaller firms that may also be private is unknown. Second, the Compustat database discontinued reporting bond rating data (i.e. S&P bond ratings) in 2017. Hence, the authors are unable to analyze the CEO power of borderline firms in years after 2016.

Practical implications

The study contributes to the larger debate on whether having powerful CEOs is beneficial to an organization or not, because prior research has examined the consequences of CEO power with mixed results. The authors document evidence to support the research stream that links CEO power to negative consequences.

Social implications

The authors find that our primary results are enhanced in firms with weak corporate governance, which is consistent with prior research that finds effective governance may mitigate CEO power and agency problems between the CEO and the Board.

Originality/value

Prior research primarily uses CEO power as a driver for performance. Our study focuses on CEO power as a dependent variable, with the bond rating change proximity as a driver of CEO power. The authors believe that this helps develop a more comprehensive understanding of CEO power.

Details

Managerial Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 30 December 2020

Adrien Bouchet, Xuehu Song and Li Sun

This study aims to examine the impact of a chief executive officer (CEO) social network centrality on corporate social responsibility (CSR) performance.

Abstract

Purpose

This study aims to examine the impact of a chief executive officer (CEO) social network centrality on corporate social responsibility (CSR) performance.

Design/methodology/approach

This study carries out a multivariate linear regression analysis on a panel data sample of 11,507 firm-year observations (representing 1,386 unique US firms) from 2004 to 2014.

Findings

This paper finds a significant negative relation between CEO network centrality and irresponsible CSR performance (measured as CSR concerns). The findings suggest that better-connected CEOs can better mitigate CSR concerns or weaknesses, leading to improved overall CSR performance of a firm.

Originality/value

This is the first study that directly examines the empirical link between CEO centrality and CSR performance.

Details

Social Responsibility Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-1117

Keywords

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