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The damping accumulated discrete MGM(1, m) power model is proposed for the problem of forecasting the share of agricultural output value and the share of employment in China.
Abstract
Purpose
The damping accumulated discrete MGM(1, m) power model is proposed for the problem of forecasting the share of agricultural output value and the share of employment in China.
Design/methodology/approach
In this study, the damping accumulated discrete MGM(1, m) power model was developed based on the idea of discrete modelling by introducing a damping accumulated generating operator and power index. The new model can better identify the non-linear characteristics existing between different factors in the multivariate system and can accurately describe and forecast the trend of changes between data series and each of them.
Findings
The validity and rationality of the new model are verified through numerical experiment. It is forecasted that in 2023, the share of agricultural output value in China will be 7.14% and the share of agricultural employment will be 21.98%, with an overall decreasing trend.
Practical implications
The simultaneous decline in the share of agricultural output value and the share of employment is a common feature of countries that have achieved agricultural modernisation. Accurate forecasts of the share of agricultural output value and the share of employment can provide an important scientific basis for formulating appropriate agricultural development targets and policies in China.
Originality/value
The new model proposed in this study fully considers the importance of new information and has higher stability. The differential evolutionary algorithm was used to optimise the model parameters.
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Muhammad Umer Mujtaba, Wajih Abbassi and Rashid Mehmood
The aim of our study is to explore the nexus between the gender composition of board and firm financial performance. We use the data of 114 listed banks from 10 Asian emerging…
Abstract
The aim of our study is to explore the nexus between the gender composition of board and firm financial performance. We use the data of 114 listed banks from 10 Asian emerging economies. Data were extracted from the DataStream for the year 2012–2021. We apply fixed effect model to analyze the data. In addition, we use generalized method of moments (GMM) to verify our main findings. We find that both proxies of board gender composition which are the proportion of female board members and the percentage of female executives on the board have a significant impact on banks' financial performance. Findings suggest that female representation on board provides more insights of monitoring and optimal advisory capabilities and, therefore, gender-diversified board enhances firm performance. Females are more active in business matters and take more interests to fulfill their responsibilities. The results of our study provide useful signals for corporate and regulatory policymakers. Board gender disparities between enterprises should be better understood by all stakeholders to have the optimal combination of board members that ultimately lead to better performance of the firm.
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Huy Cuong Vo Thai, Trinh-Hoang Hong-Hue and My-Linh Tran
This study aims to investigate the relationship between dynamic capabilities and sustainable business performance in Vietnamese small- and medium-sized enterprises (SMEs)…
Abstract
Purpose
This study aims to investigate the relationship between dynamic capabilities and sustainable business performance in Vietnamese small- and medium-sized enterprises (SMEs), focusing on the mediating role of digitalization strategies. Specifically, the authors seek to explore whether and how the three critical characteristics of dynamic capabilities (DCs) – sensing, seizing and transforming capabilities – are linked to business model innovation (BMI) or sustained performance and what dimensions contribute to their development and adoption in digitalization strategies.
Design/methodology/approach
The authors analyse a sample of 596 Vietnamese SMEs using a validated measurement framework to explore the three clusters of DCs activities and their contributions to digitalization strategies, BMI and sustainable business performance across economic, social and environmental dimensions.
Findings
The study highlights the pivotal role of sensing, seizing and transforming capabilities in the adoption of digitalization strategies, BMI, as well as in promoting sustainable business performance. Firstly, sensing capability profoundly influences product digitalization strategy, whereas seizing capability has the greatest impact on process digitalization strategy. Secondly, sensing and transforming capabilities significantly contribute to BMI. Thirdly, both process and product digitalization strategies exert a significant positive influence on sustainable business performance, especially the environmental dimension. Finally, the study exhibits the indirect impacts of seizing and sensing capabilities on sustainable business performance through product and process digitization strategies.
Originality/value
This study extends recent research by investigating the DCs underlying a firm’s digitalization strategies and contribute to ongoing calls for further investigation in the DCs literature. This research design, which draws from a validated measurement framework, responds to recent calls to broaden the toolkit used in DCs research. The practical implications of this study can benefit SMEs in Vietnam and beyond as they seek to enhance their digitalization strategies and achieve sustainable competitive advantage.
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Kurnia Cahya Lestari and Noorlailie Soewarno
Building on the upper echelons and natural resource-based view (NRBV) theory, this study aims to examine the role of green innovation in mediating the relationship between female…
Abstract
Purpose
Building on the upper echelons and natural resource-based view (NRBV) theory, this study aims to examine the role of green innovation in mediating the relationship between female directors and firm value.
Design/methodology/approach
This study uses panel data for 2016–2020 of 108 manufacturing firms listed on the Indonesia Stock Exchange with 518 observations. This study collects data from the firm’s annual and sustainability reports and the Osiris database. This study uses feasible generalized least squares in controlling heteroscedasticity and correlation to validate the relationship.
Findings
The results show that green innovation mediates the relationship between female directors and firm value. The results support the upper echelons theory, which views that the impact of the female directors’ policy has a positive effect on green innovation. The results also support the NRBV theory, which views green innovation as an environmentally friendly resource capable of increasing firm value.
Originality/value
In examining the indirect effect of female directors on firm value, this study is one of the early works that discuss the mediation relationship using green innovation in the relationship of female directors to firm value drawn from upper echelons and NRBV theory.
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Bo Zhang, Yuqian Zheng, Zhiyuan Cui, Dongdong Song, Faqian Liu and Weihua Li
The impact of rolling on the performance of micro arc oxidation (MAO) coatings on ZM5 alloy has been underreported. The purpose of this study is to explore the correlation between…
Abstract
Purpose
The impact of rolling on the performance of micro arc oxidation (MAO) coatings on ZM5 alloy has been underreported. The purpose of this study is to explore the correlation between rolling and the failure mechanism of MAO coatings in greater depth.
Design/methodology/approach
The influence of rolling on the corrosion and wear properties of MAO coating was investigated by phase structure, bond strength test (initial bond strength and wet adhesion), electrochemical impedance spectroscopy and wear test. The change of the surface electrochemical properties was studied by first principles analysis.
Findings
The results showed that the MAO coating on rolled alloy had better corrosion and wear resistance compared to cast alloy, although the structure and component content of two kinds of MAO coating are nearly identical. The difference in interface bonding between MAO coating and Mg substrate is the primary factor contributing to the disparity in performance between the two types of samples. Finally, the impact of the rolling process on MAO coating properties is explained through first-principle calculation.
Originality/value
A comprehensive explanation of the impact of the rolling process on MAO coating properties will provide substantial support for enhancing the application of Mg alloy anticorrosion.
Graphical abstract
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Lifeng Wang, Yi Zhang, Ziwang Xiao and Long Liu
Effectively solving the large tonnage cable in the construction process due to the tensioning method of the inclined cable often appears in the overall cable force and the design…
Abstract
Purpose
Effectively solving the large tonnage cable in the construction process due to the tensioning method of the inclined cable often appears in the overall cable force and the design value of the deviation is large, cable internal strand force is not uniform, the main girder stress exceeds the limit of the problem affecting the safety of the structure.
Design/methodology/approach
In this study, the finite element method and theoretical analysis method are utilized to propose a construction control method of tensioning the whole bunch of diagonal cables in two parts according to the deformation coordination relationship between the main girder and the diagonal cables. This methodology was implemented during the actual construction of the PAIRA Bridge in Bangladesh.
Findings
Tests conducted on cable-stayed bridges using this controlled tensioning method demonstrate that the measured cable strength of a single strand exhibits an error of less than 0.15% compared to the design target cable strength. The deviation between the measured and designed cable forces ranges from 0.16% to 0.27%. Furthermore, no tensile stress is observed in both the top plate and bottom plate of the root section of the main girder, indicating a state of full-section compression throughout the entire construction process.
Originality/value
Through the comparison with the test value, it can be proved that the whole bunch of diagonal cable tensioned in two parts of the construction control method proposed in this paper can make the internal strand force more uniform, to meet the precision requirements of the site construction, to protect the safety of the bridge construction process. The method proposed in this paper is highly accurate, easy to calculate, and has a high value of popularization and application.
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Liyi Zhang, Mingyue Fu, Teng Fei, Ming K. Lim and Ming-Lang Tseng
This study reduces carbon emission in logistics distribution to realize the low-carbon site optimization for a cold chain logistics distribution center problem.
Abstract
Purpose
This study reduces carbon emission in logistics distribution to realize the low-carbon site optimization for a cold chain logistics distribution center problem.
Design/methodology/approach
This study involves cooling, commodity damage and carbon emissions and establishes the site selection model of low-carbon cold chain logistics distribution center aiming at minimizing total cost, and grey wolf optimization algorithm is used to improve the artificial fish swarm algorithm to solve a cold chain logistics distribution center problem.
Findings
The optimization results and stability of the improved algorithm are significantly improved and compared with other intelligent algorithms. The result is confirmed to use the Beijing-Tianjin-Hebei region site selection. This study reduces composite cost of cold chain logistics and reduces damage to environment to provide a new idea for developing cold chain logistics.
Originality/value
This study contributes to propose an optimization model of low-carbon cold chain logistics site by considering various factors affecting cold chain products and converting carbon emissions into costs. Prior studies are lacking to take carbon emissions into account in the logistics process. The main trend of current economic development is low-carbon and the logistics distribution is an energy consumption and high carbon emissions.
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Bianca Arcifa de Resende, Franco Giuseppe Dedini, Jony Javorsky Eckert, Tiago F.A.C. Sigahi, Jefferson de Souza Pinto and Rosley Anholon
This study aims to propose a facilitating methodology for the application of Fuzzy FMEA (Failure Mode and Effect Analysis), comparing the traditional approach with fuzzy…
Abstract
Purpose
This study aims to propose a facilitating methodology for the application of Fuzzy FMEA (Failure Mode and Effect Analysis), comparing the traditional approach with fuzzy variations, supported by a case application in the aeronautical sector.
Design/methodology/approach
Based on experts' opinions in risk analysis within the aeronautical sector, rules governing the relationship between severity, occurrence, detection and risk factor were defined. This served as input for developing a fuzzyfied FMEA tool using the Matlab Fuzzy Logic Toolbox. The tool was applied to the sealing process in a company within the aeronautical sector, using triangular and trapezoidal membership functions, and the results were compared with the traditional FMEA approach.
Findings
The results of the comparative application of traditional FMEA and fuzzyfied FMEA using triangular and trapezoidal functions have yielded valuable insights into risk analysis. The findings indicated that fuzzyfied FMEA maintained coherence with the traditional analysis in identifying higher-risk effects, aligning with the prioritization of critical failure modes. Additionally, fuzzyfied FMEA allowed for a more refined prioritization by accounting for variations in each variable through fuzzy rules, thereby improving the accuracy of risk analysis and providing a more realistic representation of potential hazards. The application of the developed fuzzyfied FMEA approach showed promise in enhancing risk assessment in the aeronautical sector by considering uncertainties and offering a more detailed and context-specific analysis compared to conventional FMEA.
Practical implications
This study emphasizes the potential of fuzzyfied FMEA in enhancing risk assessment by accurately identifying critical failure modes and providing a more realistic representation of potential hazards. The application case reveals that the proposed tool can be integrated with expert knowledge to improve decision-making processes and risk mitigation strategies within the aeronautical industry. Due to its straightforward approach, this facilitating methodology could also prove beneficial in other industrial sectors.
Originality/value
This paper presents the development and application of a facilitating methodology for implementing Fuzzy FMEA, comparing it with the traditional approach and incorporating variations using triangular and trapezoidal functions. This proposed methodology uses the Toolbox Fuzzy Logic of Matlab to create a fuzzyfied FMEA tool, enabling a more nuanced and context-specific risk analysis by considering uncertainties.
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Lenka Papíková and Mário Papík
European Parliament adopted a new directive on gender balance in corporate boards when by 2026, companies must employ 40% of the underrepresented sex into non-executive directors…
Abstract
Purpose
European Parliament adopted a new directive on gender balance in corporate boards when by 2026, companies must employ 40% of the underrepresented sex into non-executive directors or 33% among all directors. Therefore, this study aims to analyze the impact of gender diversity (GD) on board of directors and the shareholders’ structure and their impact on the likelihood of company bankruptcy during the COVID-19 pandemic.
Design/methodology/approach
The data sample consists of 1,351 companies for 2019 and 2020, of which 173 were large, 351 medium-sized companies and 827 small companies. Three bankruptcy indicators were tested for each company size, and extreme gradient boosting (XGBoost) and logistic regression models were developed. These models were then cross-validated by a 10-fold approach.
Findings
XGBoost models achieved area under curve (AUC) over 98%, which is 25% higher than AUC achieved by logistic regression. Prediction models with GD features performed slightly better than those without them. Furthermore, this study indicates the existence of critical mass between 30% and 50%, which decreases the probability of bankruptcy for small and medium companies. Furthermore, the representation of women in ownership structures above 50% decreases bankruptcy likelihood.
Originality/value
This is a pioneering study to explore GD topics by application of ensembled machine learning methods. Moreover, the study does analyze not only the GD of boards but also shareholders. A highly innovative approach is GD analysis based on company size performed in one study considering the COVID-19 pandemic perspective.
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Lingyun Huang, Jiankun Liu and Zhigang Huang
The operational framework of external financing in the correlation between the gender of entrepreneurs and firm performance remains to be resolved. This study aims to investigate…
Abstract
Purpose
The operational framework of external financing in the correlation between the gender of entrepreneurs and firm performance remains to be resolved. This study aims to investigate the mediating effect of external financing on gender-based disparities in private firm performance and to explore its heterogeneity within the Chinese context.
Design/methodology/approach
Based on national data from the 10th to 13th Chinese Private Enterprise Survey, this study used a bootstrap-based mediation effect model to analyze the role of external financing as a mediator in the relationship between entrepreneur gender and firm performance.
Findings
This study found that external financing is a constructive mediator between entrepreneur gender and firm performance. Heterogeneity analysis revealed that external financing plays a complementary mediation role in the impact of entrepreneur gender on performance in West China. In the tertiary industry, external financing acts as the sole mediator for the impact of gender on firm performance. Notably, this mediating effect is present in non-startups but not in startups.
Practical implications
The findings suggest that external financing can improve the firm performance of female entrepreneurs. Governments and policymakers should strengthen financial support for female entrepreneurs in West China, tertiary industry and non-startup enterprises.
Originality/value
This paper contributes to the literature on gender and corporate governance by shedding light on the mediating role of external financing in the relationship between the gender of business owners and firm performance.
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