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1 – 5 of 5Minhua Yang, Vikash Ramiah, Vijay Pereira, Yama Temouri and Abhishek Behl
This paper documents and links firm- and country-level outcomes to the United Nations Sustainable Development Goals (UNSDGs) by portraying how the Chinese economy has fared during…
Abstract
Purpose
This paper documents and links firm- and country-level outcomes to the United Nations Sustainable Development Goals (UNSDGs) by portraying how the Chinese economy has fared during the COVID-19 crisis. It does so by shedding light on the factors that determine the effectiveness of health policies implemented in China.
Design/methodology/approach
Unlike the prior literature, in which lagging performance measures are used, the authors use leading indicators with event study methodology to develop effectiveness scores and identify the determinants of effectiveness, including financial variables, firm infection, geographical location of the spread, travel bans, lockdown periods, policies of home quarantine, health innovations and other innovative measures undertaken by the Chinese authorities.
Findings
The detailed disaggregated results show many dimensions where abnormal returns are indeed associated with various health policies and that the effectiveness, influenced by firm size, profitability, firm infection and location. The results remain robust when the authors control for various event windows and models and provide evidence of a strong UNSDG link, which the authors draw up a list.
Research limitations/implications
Apart from the quantitative analysis approach, future studies can complement and add further insights by utilizing qualitative research approaches.
Practical implications
The results offers robust evidence for policy-makers and firm managers on how a crisis of such proportions and subsequent health policies is affecting different firms and why.
Social implications
The study shows how COVID-19 health policies open a new dimension in terms of energy demand reduction and lower emissions, factors linking to the UNSDGs.
Originality/value
The study is the first to show detailed disaggregated results across many dimensions where abnormal returns are indeed associated with various health policies and that the effectiveness, influenced by firm size, profitability, firm infection and location.
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Minhua Yang, Xin-guang Lv, Xiao-jie Liu and Jia-qing Zhang
This paper aims to present a method of color three-dimensional (3D) printing based on color adherence.
Abstract
Purpose
This paper aims to present a method of color three-dimensional (3D) printing based on color adherence.
Design/methodology/approach
First, experiments of the color effects of 3D printings using different carriers and different printing methods were performed. Second, the color of a specific point could be calculated through a theory of dimension-reducing, and the color distribution of 3D model was transformed from 3D to 1D color line corresponding with 3D print sequence. At last, the color lines, which were printed on a PE film by silk-screen printing, was carried by a filament and then printed through a fused deposition modeling 3D printer.
Findings
The printing ink and PE film are suitable as the pigment and carrier under this investigation, respectively. Based on an idea of reducing dimension, the method of 3D color printing through adhering color to a filament is realized. The color saturation of the sample was relatively high through the method.
Research limitations/implications
It is hard to avoid that there may be some residual color in the nozzle through this method, and the purity of following color will be affected. As a result, continuous improvements should be made to perfect the method.
Practical implications
An approach of 3D color printing is described in detail, and what kind of model is more applicable is discussed particularly.
Originality/value
This approach is implemented to print color 3D objects with just one nozzle by means of color adherence. That is, printing the 3D objects using the filament is carried out with 1D color line, which is printed by a traditional printing method.
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Minhua Wu and Stern Neill
In China, with the rapid dissemination of mobile communications technology along with congested traffic and increasingly expensive transportation costs, consumers are turning to…
Abstract
Purpose
In China, with the rapid dissemination of mobile communications technology along with congested traffic and increasingly expensive transportation costs, consumers are turning to smartphone-enabled, ride-sharing services. Sharing economy requires trust in strangers. Based on trust transfer theory and a dyadic conceptualization of trust from cognitive to affective, the purpose of this study is to examine trust building through the use of Didi, a third-party, ride-sharing platform that mediates exchanges among strangers.
Design/methodology/approach
Structural equation modeling (SEM) results based on 242 observations indicate that the platform functions as an important enabler of trust, which influences a consumer's behavioral intention.
Findings
Specifically, Didi's reputation and security assurance have a positive influence on passengers' cognitive trust in drivers. There is also evidence that the interaction as mediated by the app between passengers and drivers helps the formation of affective trust, while the results do not support a relationship between cognitive and affective trust.
Originality/value
The research findings address trust transference between participants in the sharing economy and its effects, which have significant theoretical and practical implications and offer opportunities for future research in other sectors of the sharing economy.
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Stern Neill, Minhua Wu and Terry W. Noel
This study aims to consider the effect of managerial capital (psychological, intellectual and social) on business strategy and growth. Per upper echelon theory, managerial capital…
Abstract
Purpose
This study aims to consider the effect of managerial capital (psychological, intellectual and social) on business strategy and growth. Per upper echelon theory, managerial capital enables high-level managers to drive firm performance in uniquely personal ways. The authors test the effects of managerial capital on a manager’s dominant regulatory focus (promotion and prevention balance) and whether having an explorative strategy mediates the relationship between dominant regulatory focus and the percentage of business unit growth expected from new lines of business.
Design/methodology/approach
Survey data from a sample of 211 Chinese executives were used to assess measurement and test hypotheses by means of structural equation modeling.
Findings
Results indicate that the direction of business strategy is influenced by the balance between promotion and prevention focus, which is shaped by managers’ risk propensity, product-market familiarity and bonding tie diversity. Explorative strategy, in turn, mediates the relationship between dominant regulatory focus and expectations of innovative growth.
Originality/value
Examining the effects of managerial capital on innovative firm strategy reveals the role of psychosocial traits of decision-makers.
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Jun Wu, Yingli Pan and Qi Zhu
– The purpose of this paper is to identify the determinants for currency internationalization and forecast the potential of RMB as an international reserve currency.
Abstract
Purpose
The purpose of this paper is to identify the determinants for currency internationalization and forecast the potential of RMB as an international reserve currency.
Design/methodology/approach
This paper performs linear or non-linear regressions of the shares of eight major international reserve currencies as the reserve assets in global central banks on the macro economic and financial variables of their corresponding countries to identify the determinants for their international positions, and conducts an “counter-factual simulation” for the potential of RMB as an international reserve currency.
Findings
This paper finds that the economic size and the “network externalities” are the most important determinants for the international status of a reserve currency; that exchange rate volatility has negative impacts; the conditions for the RMB internationalization are basically available. The simulation for the potential of RMB as an international reserve currency reveals that the international role of RMB could surpass that of the Japanese Yen and the British Pound, and get close to Euro in the coming 15 years. Based on the empirical evidence, this paper suggests a promoting strategy for RMB internationalization.
Research limitations/implications
This paper has not taken the influence of economic systemic and political factors on the process of RMB internationalization into account.
Practical implications
RMB internationalization promotion should follow the strategy of “stably create RMB international demand in the initial period and dramatically release the RMB overseas supply in the latter period” in the coming 15 years.
Originality/value
The conclusions and policy implications are from the results of the empirical analysis on the 45-year historical experience on the eight main international currencies.
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