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Article
Publication date: 29 July 2018

Max Schreder

This paper provides a quantitative review of the literature on the repercussions of idiosyncratic information on firms’ cost of equity (CoE) capital. In total, I review the…

Abstract

This paper provides a quantitative review of the literature on the repercussions of idiosyncratic information on firms’ cost of equity (CoE) capital. In total, I review the results of 113 unique studies examining the CoE effects of information Quantity, Precision and Asymmetry. My results suggest that the association between firm-specific information and CoE is subject to moderate effects. First, the link between Quantity and CoE is moderated by disclosure types and country-level factors in that firms in comparatively weakly regulated countries tend to enjoy up to four times greater CoE benefits from more expansive disclosure—depending on the type of disclosure—than firms in strongly regulated markets. Second, a negative relationship between Precision and CoE is only significant in studies using non-accrual quality proxies for Precision and risk factor-based (RFB)/valuation model-based (VMB) proxies for CoE. Third, almost all VMB studies confirm the positive association between Asymmetry and CoE, but there is notable variation in the conclusions reached when ex post CoE measurers are used.

Details

Journal of Accounting Literature, vol. 41 no. 1
Type: Research Article
ISSN: 0737-4607

Keywords

Book part
Publication date: 7 December 2016

Abstract

Details

The World Meets Asian Tourists
Type: Book
ISBN: 978-1-78560-219-1

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Content available
Book part
Publication date: 30 June 2023

Lisa M. Given, Donald O. Case and Rebekah Willson

Abstract

Details

Looking for Information
Type: Book
ISBN: 978-1-80382-424-6

Article
Publication date: 19 July 2022

Xuejiao Zhang, Yu Yang and Jing Wang

This paper aims to develop a dynamic two-sided stable matching method based on preference information of the matching objects in uncertain environments, so as to solve the…

Abstract

Purpose

This paper aims to develop a dynamic two-sided stable matching method based on preference information of the matching objects in uncertain environments, so as to solve the matching problem of cloud manufacturing tasks and services with load balancing.

Design/methodology/approach

For dynamic two-sided matching, due to the complexity of social environment and the limitation of human cognition, hesitation and fuzziness always exist in the process of multi-criteria assessment. First, in order to obtain the accurate preference information of each matching object, uncertain linguistic variables, uncertain preference ordinal and incomplete complementary matrices are used to evaluate multi-criteria preference information. This process is undertaken by considering the probability of each possible matching pair. Second, the preference information at different times is integrated by using the time-series weight to obtain the comprehensive satisfaction degree matrices of the matching objects. Further, the load adjustment parameter is used to increase the satisfaction degree of the matching objects. Afterward, a dynamic two-sided stable matching optimization model is constructed by considering stable matching conditions. The model aims to maximize the satisfaction degree and minimizes the difference in the satisfaction degree of matching objects. The optimal stable matching results can be obtained by solving the optimization model. Finally, a numerical example and comparative analysis are presented to demonstrate the characteristics of the proposed method.

Findings

Uncertain linguistic variables, uncertain preference orders and incomplete complementary matrices are used to describe multi-criteria preference information of the matching objects in uncertain environments. A dynamic two-sided stable matching method is proposed, based on which a DTSMDM (dynamic two-sided matching decision-making) model of cloud manufacturing with load balancing can be constructed. The study proved that the authors can use the proposed method to obtain stable matching pairs and higher matching objective value through comparative analysis and the sensitivity analysis.

Originality/value

A new method for the two-sided matching decision-making problem of cloud manufacturing with load balancing is proposed in this paper, which allows the matching objects to elicit language evaluation under uncertain environment more flexibly to implement dynamic two-sided matching based on preference information at different times. This method is suitable for dealing with a variety of TSMDM (two-sided matching decision-making) problems.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 5 January 2023

Xiaogang Cao, Jing Yuan, Hui Wen and Cuiwei Zhang

Different information sharing mechanisms and online platform information sharing to different charging models are compared and analyzed.

Abstract

Purpose

Different information sharing mechanisms and online platform information sharing to different charging models are compared and analyzed.

Design/methodology/approach

This paper uses the Stackelberg game model to study the demand information sharing and pricing decisions.

Findings

The results show that: (1) the retailer's pricing strategy is the highest when both of them obtain information, while the manufacturer's pricing strategy is affected by the related attributes of different products, such as the sensitivity of consumers to product prices; (2) in the online platform sales model, the demand information data sharing owned by the online platform can bring more expected profits to the whole supply chain and the members of the supply chain, and the higher the accuracy of the information, the higher the expected profit; (3) when the cost of obtaining demand information is zero, that is, the online platform shares the information data about market demand free of charge, the retailer and manufacturer tend to obtain information; (4) for the online platform, charging a certain fee can achieve higher expected profits than free sharing.

Originality/value

Based on the single platform online sales model, this paper uses the Stackelberg game model to study the demand information sharing and pricing decision of a manufacturer and a retailer selling products through the same online platform.

Details

Kybernetes, vol. 53 no. 3
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 7 June 2021

Jincan Zhang, Min Liu, Jinchan Wang and Kun Xu

High-speed Indium Phosphide (InP) HBTs have been widely used to design high-speed analog, digital and mixed-signal integrated circuits. The purpose of this study is to propose a…

Abstract

Purpose

High-speed Indium Phosphide (InP) HBTs have been widely used to design high-speed analog, digital and mixed-signal integrated circuits. The purpose of this study is to propose a new parameter extraction procedure for determining an improved T-topology small-signal equivalent circuit of InP heterojunction bipolar transistors (HBTs).

Design/methodology/approach

The alternating current crowding effect is considered through adding the intrinsic base capacitance in the small-signal equivalent circuit. All of the circuit parameters are extracted directly without using any approximation.

Findings

The extraction technique is more easily understood and clearer than other extraction methods, as the equations are derived from the S-parameters by peeling peripheral elements from small-signal models to get reduced ones and extracting each equivalent-circuit parameter using each equation.

Originality/value

To validate the presented parameter extraction technology, an n-p-n emitter-up InP HBT was analyzed adopting the method. Excellent agreement between measured and modeled S-parameters is obtained up to 40 GHz.

Book part
Publication date: 6 June 2023

Yahua Zhang, Colin C. H. Law and Anming Zhang

The rapid expansion of low-cost carriers (LCCs) in East and Southeast Asia has brought fierce competition to full-service carriers (FSCs). Competition in the air transport market…

Abstract

The rapid expansion of low-cost carriers (LCCs) in East and Southeast Asia has brought fierce competition to full-service carriers (FSCs). Competition in the air transport market is at an all-time high, thanks to the ongoing liberalization in air transport in the last several decades. This chapter assesses the efficiency performance of major FSCs in this region. It provides indicative evidence of the close association between FSCs' efficiency, and air transport liberalization and LCCs penetration. Singapore Airlines and Asiana are identified as the star companies in this region for their ability to achieve higher efficiency and, at the same time, report positive growth in productivity.

Details

Airlines and Developing Countries
Type: Book
ISBN: 978-1-80455-861-4

Article
Publication date: 25 September 2020

Yu Bai, Lamei Huo and Yan Zhang

The purpose of this study is to investigate the unsteady stagnation-point flow and heat transfer of fractional Maxwell fluid towards a time power-law-dependent stretching plate…

Abstract

Purpose

The purpose of this study is to investigate the unsteady stagnation-point flow and heat transfer of fractional Maxwell fluid towards a time power-law-dependent stretching plate. Based on the characteristics of pressure in the boundary layer, the momentum equation with the fractional Maxwell model is firstly formulated to analyze unsteady stagnation-point flow. Furthermore, generalized Fourier’s law is considered in the energy equation and boundary condition of convective heat transfer.

Design/methodology/approach

The nonlinear fractional differential equations are solved by the newly developed finite difference scheme combined with L1-algorithm, whose convergence is verified by constructing a numerical example.

Findings

Some interesting results can be revealed. The larger fractional derivative parameter of velocity promotes the flow, while the smaller fractional derivative parameter of temperature accelerates the heat transfer. The temperature boundary layer is thicker than the velocity boundary layer, and the velocity enlarges as the stagnation parameter raises. This is because when Prandtl number < 1, the capacity of heat diffusion is greater than that of momentum diffusion. It is to be observed that all the temperature profiles first enhance a little and then reduce rapidly, which indicates the thermal retardation of Maxwell fluid.

Originality/value

The unsteady stagnation-point flow model of Maxwell fluid is extended from integral derivative to fractional derivative, which has more flexibility to describe viscoelastic fluid’s complex dynamic process and provide a theoretical basis for industrial processing.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 31 no. 4
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 9 August 2022

Bingjun Li, Shuhua Zhang, Wenyan Li and Yifan Zhang

Grey modeling technique is an important element of grey system theory, and academic articles applied to agricultural science research have been published since 1985, proving the…

Abstract

Purpose

Grey modeling technique is an important element of grey system theory, and academic articles applied to agricultural science research have been published since 1985, proving the broad applicability and effectiveness of the technique from different aspects and providing a new means to solve agricultural science problems. The analysis of the connotation and trend of the application of grey modeling technique in agricultural science research contributes to the enrichment of grey technique and the development of agricultural science in multiple dimensions.

Design/methodology/approach

Based on the relevant literature selected from China National Knowledge Infrastructure, the Web of Science, SpiScholar and other databases in the past 37 years (1985–2021), this paper firstly applied the bibliometric method to quantitatively visualize and systematically analyze the trend of publication, productive author, productive institution, and highly cited literature. Then, the literature is combed by the application of different grey modeling techniques in agricultural science research, and the literature research progress is systematically analyzed.

Findings

The results show that grey model technology has broad prospects in the field of agricultural science research. Agricultural universities and research institutes are the main research forces in the application of grey model technology in agricultural science research, and have certain inheritance. The application of grey model technology in agricultural science research has wide applicability and precise practicability.

Originality/value

By analyzing and summarizing the application trend of grey model technology in agricultural science research, the research hotspot, research frontier and valuable research directions of grey model technology in agricultural science research can be more clearly grasped.

Details

Grey Systems: Theory and Application, vol. 12 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

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