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Article
Publication date: 6 June 2024

Mehmet Sinan Goktan and Erdem Ucar

The purpose of this study is to investigate how proximity to metropolitan areas and local creative talent impact a company’s access to venture capital (VC). We analyze the…

Abstract

Purpose

The purpose of this study is to investigate how proximity to metropolitan areas and local creative talent impact a company’s access to venture capital (VC). We analyze the interplay between these factors and test our hypotheses using USA county data.

Design/methodology/approach

This empirical study uses multivariate regression analyses to analyze VC investment distribution across the USA at the county level between the years 1990–2011.

Findings

Our findings suggest that an increase in the local creative workforce correlates with higher levels of VC funding, regardless of metro location, but has a more significant impact in metro areas, indicating the complementary nature of these factors. Furthermore, the tech industry benefits more from the local creative workforce and is less sensitive to geographic location. Our results suggest that non-metro locations with a rich local creative culture can be as effective in attracting VC as metro locations with a mediocre local creative culture. This study contributes to our understanding of the optimal geographic location for companies seeking VC.

Research limitations/implications

One of the limitations of our research is the research timeline. Since “creative class” was not measured by the U.S. Department of Agriculture (USDA) after 2011, we cannot analyze the recent effects of creative class on VC. However, given the fact that technology-related industries increasingly dominated the VC industry in recent years, our results on tech-related industries can shed light on the future expectations of the creative class in the VC industry moving forward.

Practical implications

Some companies might find it advantageous to locate outside metro areas where the creative workforce is more abundant and accessible. Our results support this trend by demonstrating that companies must consider the tradeoff between these two factors and recognize that locating in metro areas may not always be the optimal choice for every company. A tradeoff may exist between location and the cost of accessing creative talent.

Social implications

Our results suggest that non-metro locations with a rich local creative culture can be as effective in attracting VC as metro locations with a mediocre local creative culture.

Originality/value

The existing literature emphasizes the importance of studying various factors that can help distribute VC and entrepreneurial activities across the country instead of just being concentrated in specific areas like metro regions. Although previous studies have examined broader institutional and country-level factors, local creative culture has not been considered in the context of its impact on the geographical distribution of VC. Our research highlights creative culture as a new local factor that affects VC distribution among USA counties.

Details

Managerial Finance, vol. 50 no. 9
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 29 December 2023

Dara Sruthilaya, Aneetha Vilventhan and P.R.C. Gopal

The purpose of this paper is to identify and analyze the interdependence of project complexity factors (PCFs) in metro rail projects using the Decision-Making Trial and Evaluation…

Abstract

Purpose

The purpose of this paper is to identify and analyze the interdependence of project complexity factors (PCFs) in metro rail projects using the Decision-Making Trial and Evaluation Laboratory (DEMATEL). The study provides qualitative and quantitative analysis of project complexities factors and their relationships. The results of the study facilitate effective project planning, proactive risk management and informed decision-making by stakeholders.

Design/methodology/approach

This study employs a case-based method for identifying PCFs and a DEMATEL method for analyzing the interdependence of complexity factors in metro rail projects. Initially, PCFs were identified through an extensive literature review. To validate and refine these factors, semi-structured interviews were conducted with thirty experienced professionals, each having 5–20 years of experience in roles such as project management, engineering, and planning. Further, elevated and underground metro rail projects were purposefully selected as cases, for identifying the similarities and differences in PCFs. A questionnaire survey was conducted with various technical experts in metro rail projects. These experts rated the impact of PCFs on a five-point Likert scale, for the evaluation of the interdependence of PCFs. The DEMATEL technique was used to analyze the interdependencies of the PCFs.

Findings

Metro rail projects are influenced by project complexity, which significantly impacts their performance. The analysis reveals that “design problems with existing structures,” “change in design or construction” and “land acquisition” are the key factors contributing to project complexity.

Originality/value

The study of project complexity in metro rail projects is limited because most of the studies have studies on examining complexity in mega projects. The existing literature lacks adequate attention in identifying project complexity and its effects on metro rail project performance. This research aims to bridge this gap by examining project complexity and interdependencies in metro rail projects.

Details

Built Environment Project and Asset Management, vol. 14 no. 2
Type: Research Article
ISSN: 2044-124X

Keywords

Article
Publication date: 27 July 2023

Ying Lu, Yunxuan Deng and Shuqi Sun

Metro stations have become a crucial aspect of urban rail transportation, integrating facilities, equipment and pedestrians. Impractical physical layout designs and pedestrian…

Abstract

Purpose

Metro stations have become a crucial aspect of urban rail transportation, integrating facilities, equipment and pedestrians. Impractical physical layout designs and pedestrian psychology impact the effectiveness of an evacuation during a metro fire. Prior research on emergency evacuation has overlooked the complexity of metro stations and failed to adequately consider the physical heterogeneity of stations and pedestrian psychology. Therefore, this study aims to develop a comprehensive evacuation optimization strategy for metro stations by applying the concept of design for safety (DFS) to an emergency evacuation. This approach offers novel insights into the management of complex systems in metro stations during emergencies.

Design/methodology/approach

Physical and social factors affecting evacuations are identified. Moreover, the social force model (SFM) is modified by combining the fire dynamics model (FDM) and considering pedestrians' impatience and panic psychology. Based on the Nanjing South Metro Station, a multiagent-based simulation (MABS) model is developed. Finally, based on DFS, optimization strategies for metro stations are suggested.

Findings

The most effective evacuation occurs when the width of the stairs is 3 meters and the transfer corridor is 14 meters. Additionally, a luggage disposal area should be set up. The exit strategy of the fewest evacuees is better than the nearest-exit strategy, and the staff in the metro station should guide pedestrians correctly.

Originality/value

Previous studies rarely consider metro stations as sociotechnical systems or apply DFS to proactively reduce evacuation risks. This study provides a new perspective on the evacuation framework of metro stations, which can guide the designers and managers of metro stations.

Details

Engineering, Construction and Architectural Management, vol. 31 no. 9
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 28 July 2023

Vivek Agnihotri and Saikat Kumar Paul

This paper aims to understand the spatiotemporal influence of metro rail connectivity on housing prices in surrounding areas. The study assesses the average annual price shift for…

Abstract

Purpose

This paper aims to understand the spatiotemporal influence of metro rail connectivity on housing prices in surrounding areas. The study assesses the average annual price shift for apartments around metro stations in Delhi during the previous decade, specifically from 2010 to 2019. The authors examine the spatiotemporal extents to which housing prices are determined by the prominence of metro stations and spatial development around metro stations.

Design/methodology/approach

The authors perform the cross-tabulation analysis to calculate chi-square values to test the hypotheses concerning the responsiveness of the housing market in Delhi to the number of locational variables in the areas connected with the mass public transportation system.

Findings

The empirical findings verify the existence of a housing market overvaluation in Delhi around metro stations until 2013, which was eventually re-adjusted after 2014. The key findings of the study suggest the role of location variables concerning metro rails in the shooting up of the housing prices in the city. In addition, the research establishes the association of annual housing price shifts to the metro rails in the short-term, mid-term and long-term in conjunction with the distance from the metro station.

Originality/value

In the market, the prices are often overvalued by real estate agents due to better connectivity to the metro stations. The overvaluation eventually causes massive downfalls in housing markets and rollouts as a risk for the investors. However, the effect of mass transportation on housing prices is mixed in nature, limited to a certain extent only and not as influential as frequently portrayed by the market forces. This effect loses colour with time.

Details

International Journal of Housing Markets and Analysis, vol. 17 no. 1
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 13 January 2023

Yongliang Deng, Zedong Liu, Liangliang Song, Guodong Ni and Na Xu

The purpose of this study is to identify the causative factors of metro construction safety accidents, analyze the correlation between accidents and causative factors and assist…

Abstract

Purpose

The purpose of this study is to identify the causative factors of metro construction safety accidents, analyze the correlation between accidents and causative factors and assist in developing safety management strategies for improving safety performance in the context of the Chinese construction industry.

Design/methodology/approach

To achieve these objectives, 13 types and 48 causations were determined based on 274 construction safety accidents in China. Then, 204 cause-and-effect relationships among accidents and causations were identified based on data mining. Next, network theory was employed to develop and analyze the metro construction accident causation network (MCACN).

Findings

The topological characteristics of MCACN were obtained, it is both a small-world network and a scale-free network. Controlling critical causative factors can effectively control the occurrence of metro construction accidents. Degree centrality strategy is better than closeness centrality strategy and betweenness centrality strategy.

Research limitations/implications

In practice, it is very difficult to quantitatively identify and determine the importance of different accidents and causative factors. The weights of nodes and edges are failed to be assigned when constructing MCACN.

Practical implications

This study provides a theoretical basis and feasible management reference for construction enterprises in China to control construction risks and reduce safety accidents. More safety resources should be allocated to control critical risks. It is recommended that safety managers implement degree centrality strategy when making safety-related decisions.

Originality/value

This paper establishes the MCACN model based on data mining and network theory, identifies the properties and clarifies the mechanism of metro construction accidents and causations.

Details

Engineering, Construction and Architectural Management, vol. 31 no. 9
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 10 December 2018

Utkal Khandelwal, Seemant Kumar Yadav, Vikas Tripathi and Vivek Agrawal

With the tremendous increase in the number of netizens, online consumer behavior has become an important issue nowadays. One of the important issues of online consumer behavior is…

1498

Abstract

Purpose

With the tremendous increase in the number of netizens, online consumer behavior has become an important issue nowadays. One of the important issues of online consumer behavior is e-consumer conformity. This paper aims to explore prominent factors of e-consumer conformity and its impact on consumer attitude, which helps marketers to understand this new business arena and involve this relationship to enhance their business.

Design/methodology/approach

For the purpose, convenience sampling was used with sample size of 510. Offline as well as online mode of survey was applied. The resultant hypotheses (based on the developed model depicting normative and informational consumer conformity effect on attitude) were examined by structured equation modeling.

Findings

The present study presents the different dimensions of e-consumer conformity and its difference in metro and non-metro cities on which marketers have to frame their strategies. The study revealed that the customer attitude is largely affected by others expectations (conformance with others expectations, NCC) rather others knowledge and expertise (ICC). Additionally, the comparison of virtual conformity behavior of metro and non-metro customers was made, and it was found that conformity behavior does not significantly differ in these two contexts.

Practical implications

Business saturation in metro cities, infrastructural growth and technological advancement in non-metro cities, companies are moving toward non-metro cities. Due to contextual differences existing between metro and non-metro market, it is difficult to trace the changes in the marketing policies and device the appropriate strategy accordingly for the marketers. In lieu of this, the present study presents the different dimensions of e-consumer conformity and its degree of difference in metro and non-metro cities on which marketers have to frame their strategies.

Originality/value

Good number of research has been conducted on consumer conformity in India; however, there is a scarcity of literature in virtual consumer conformity in India. This research is not only establishing the relationship between virtual consumer conformity and consumer attitude but also establishing the difference of virtual consumer conformity in metro and non-metro cities in India.

Details

Journal of Asia Business Studies, vol. 12 no. 4
Type: Research Article
ISSN: 1558-7894

Keywords

Article
Publication date: 22 August 2010

Julie Schnobrich‐Davis and William Terrill

The purpose of this paper is to examine an interagency collaboration (The Metropolitan Law Enforcement Council – Metro‐LEC), consisting of 42 law enforcement agencies that provide…

2500

Abstract

Purpose

The purpose of this paper is to examine an interagency collaboration (The Metropolitan Law Enforcement Council – Metro‐LEC), consisting of 42 law enforcement agencies that provide mutual aid and assistance to member agencies in times of need.

Design/methodology/approach

In total, four sources of data (personnel interviews, written survey, organizational documents and participant observation) were used as part of a case study method, to assess the administrative and operational functioning of the Metro‐LEC.

Findings

In sum, the findings conclude that the organization is meeting the needs of the member agencies, with few unmanageable impediments.

Research limitations/implications

Since the current study relies on a case study from a single collaborative agency, the findings come with caution, in terms of generalizability.

Originality/value

This psprt contributes to the literature on police interagency collaboration and is the first known study on a Law Enforcement Council (LEC).

Details

Policing: An International Journal of Police Strategies & Management, vol. 33 no. 3
Type: Research Article
ISSN: 1363-951X

Keywords

Article
Publication date: 6 June 2019

Yanlan Mei, Ping Gui, Xianfeng Luo, Benbu Liang, Liuliu Fu and Xianrong Zheng

The purpose of this paper is to take advantage of Internet of Things (IoT) for intelligent route programming of crowd emergency evacuation in metro station. It is a novel approach…

Abstract

Purpose

The purpose of this paper is to take advantage of Internet of Things (IoT) for intelligent route programming of crowd emergency evacuation in metro station. It is a novel approach to ensure the crowd safety and reduce the casualties in the emergency context. An evacuation route programming model is constructed to select a suitable evacuation route and support the emergency decision maker of metro station.

Design/methodology/approach

The IoT technology is employed to collect and screen information, and to construct an expert decision model to support the metro station manager to make decision. As a feasible way to solve the multiple criteria decision-making problem, an improved multi-attributive border approximation area comparison (MABAC) approach is introduced.

Findings

The case study indicates that the model provides valuable suggestions for evacuation route programming and offers practical support for the design of an evacuation route guidance system. Moreover, IoT plays an important role in the process of intelligent route programming of crowd emergency evacuation in metro station. A library has similar structure and crowd characteristics of a metro station, thus the intelligent route programming approach can be applied to the library crowd evacuation.

Originality/value

The highlights of this paper are listed as followings: the accuracy and accessibility of the metro station’s real-time information are improved by integrating IoT technology with the intelligent route programming of crowd emergency evacuation. An improved MABAC approach is introduced to the expert support model. It promotes the applicability and reliability of decision making for emergency evacuation route selection in metro station. It is a novel way to combine the decision-making methods with practice.

Article
Publication date: 29 November 2019

Koorosh Gharehbaghi, Kerry McManus, Neville Hurst, Kathryn Robson and Matt Myers

The purpose of this paper is to initially evaluate the most current and important complications of sustainable mega rail transportation projects. This purpose is assisted by…

1691

Abstract

Purpose

The purpose of this paper is to initially evaluate the most current and important complications of sustainable mega rail transportation projects. This purpose is assisted by thoroughly reviewing the foremost uncertainties and challenging issues of STI. Once these factors are established, they will be the base of STI indicators. Finally, to consolidate such alignment, the Sydney Metro and Melbourne Metro are then compared and analyzed. The analysis would then create a platform to measure sustainability and relevant complexities in mega rail transportation projects.

Design/methodology/approach

To further consolidate such hypothesis, this research investigated two mega rail transportation projects in Australia. Both Sydney Metro and Melbourne Metro Rail were selected as the basis of case study, as both possess similar sustainability aspects.

Findings

As an outcome this research found that, complexities in both of these projects were based on future challenges and opportunities including imperfect equalization or not balancing all the four sustainability indicators; and where and how to emphasize the overlapping of these four indicators. In summary, these findings can assist the relevant planners, to better prepare and manage mega railway infrastructure and their operations.

Originality/value

While the sustainability for transportation infrastructure has been covered extensively by other authors, this paper strengthens the four specific and separate STI indicators – especially for mega rail infrastructure. Although, there are some crossover areas within these indicators, however, this research separately validates each as an independent entity. Commonly, there are three dimensions within the sustainability domain – environmental, economical and social. Nevertheless, for this research, a fourth dimension engineering which includes all the technical focus, has been separately developed. This is particularly important to effectively deal with all the complexities, particularly for mega projects, such as rail transportation infrastructure. Accordingly, separating the engineering dimension would thus reshape the triple bottom line factors to include a separate technical focus. To further evaluate this separation of the four specific areas, two mega Australian rail transportation projects are then reviewed as experiments.

Details

Journal of Engineering, Design and Technology , vol. 18 no. 5
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 17 November 2022

Zhen He, Hao Hu, Min Zhang and Fang Qin

Fully automatic operation (FAO) metro system is the trend of urban rail in modern cities. This study aims to develop a service quality scale for measuring passenger service…

Abstract

Purpose

Fully automatic operation (FAO) metro system is the trend of urban rail in modern cities. This study aims to develop a service quality scale for measuring passenger service perception in the context of FAO metro system.

Design/methodology/approach

Based on the interviews and the dimensions proposed in the previous service quality scales of the public transport sector, this study develops a multidimension service quality scale. Face-to-face interviews and surveys are conducted to obtain the riding experience and satisfaction of passengers in the metro stations of Beijing Subway Yanfang Line and Beijing Daxing International Airport Express that are FAO metro lines. Reliability, validity and nomological validity of our scale are demonstrated.

Findings

Six dimensions (i.e. tangibles, information, safety, efficiency, empathy and innovation) and 22 items are included in the scale through quantitative analysis. It is found that all of the six dimensions have a significant relationship with passenger satisfaction. Especially information and innovation are the more important dimensions of FAO metro system service quality.

Originality/value

This study contributes to the service quality literature in the public transport sector taking the FAO metro system as the object. The findings may provide a guide for the FAO metro operators to evaluate and improve their service quality.

Details

International Journal of Quality and Service Sciences, vol. 15 no. 1
Type: Research Article
ISSN: 1756-669X

Keywords

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