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1 – 10 of 41
Article
Publication date: 30 August 2011

Dehai Liu, Weijun Xu, Hongyi Li, Weiguo Zhang and Weiguo Wang

The purpose of this paper is to understand the root cause of a large number of quality problems in the current Chinese construction market.

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Abstract

Purpose

The purpose of this paper is to understand the root cause of a large number of quality problems in the current Chinese construction market.

Design/methodology/approach

Information economics theory is used to analyze the cause of construction quality problems related to the specific case of the Wenchuan earthquake of China.

Findings

The single low price competition in the construction tender market leads to the serious adverse selection and moral hazard behavior of bidding firms. The main solution to this problem is the introduction and improvement of an independent inspection/supervision mechanism.

Originality/value

The paper systematically analyzes the evaluation method of the lowest price winning bidding policy, which is the fundamental cause of adverse selection and moral hazard problems in the Chinese construction market.

Details

Disaster Prevention and Management: An International Journal, vol. 20 no. 4
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 17 August 2012

Yueheng Qiu, Weiguo Zhang, Xiaoxiong Liu and Pengxuan Zhao

The purpose of this paper is to present the research into fault detection and isolation (FDI) and evaluation of the reduction of performance after failures occurred in the…

Abstract

Purpose

The purpose of this paper is to present the research into fault detection and isolation (FDI) and evaluation of the reduction of performance after failures occurred in the flight control system (FCS) during its mission operation.

Design/methodology/approach

The FDI is accomplished via using the multiple models scheme which is developed based on the Extend Kalman Filter (EKF) algorithm. Towards this objective, the healthy mode of the FCS under different type of failures, including the control surfaces and structural, should be considered. It developed a bank of extended multiple models adaptive estimation (EMMAE) to detect and isolate the above mentioned failures in the FCS. In addition, the performances including the flight envelope, the voyage and endurance in cruising are proposed to reference and evaluate the process of mission, especially for UAV under failure conditions.

Findings

The contribution of this paper is to provide the information not only about the failures, but also considering whether the UAV can accomplish the task for the ground station.

Originality/value

The main contribution of this paper is in the areas of the structural and control surface faults researching, which are occurred in the mission procedures and emphasized the identification of those failures' magnitudes. The FDI scheme includes the performance evaluation, while the evaluation obtained through the extensive numerical simulations and saved in the offline database. As a consequence, it is more accurate and less computationally demanding while evaluating the performance.

Book part
Publication date: 1 December 2004

Jim Gang Wei, Weiguo Zhang and Jason ZeZhong Xiao

Using 3,994 observations of Chinese listed firms from 1995 to 2001, we find a significantly positive correlation between state ownership and cash dividend payment, and a…

Abstract

Using 3,994 observations of Chinese listed firms from 1995 to 2001, we find a significantly positive correlation between state ownership and cash dividend payment, and a significantly positive relation between private ownership and stock dividend payment. In particular, we find that the relation between dividend payment level and ownership structure is nonlinear. The higher the proportion of state ownership, the higher the cash dividend rate. The higher the proportion of private ownership, the higher the stock dividend rate. We conclude that the managers of Chinese listed companies are likely to cater for the preference of different shareholders.

Details

Corporate Governance
Type: Book
ISBN: 978-0-76231-133-0

Article
Publication date: 27 April 2020

Helen Yee

This paper examines radical reform of the Chinese public accounting profession in the 1990s. In particular, the paper seeks to provide a more nuanced understanding of the…

Abstract

Purpose

This paper examines radical reform of the Chinese public accounting profession in the 1990s. In particular, the paper seeks to provide a more nuanced understanding of the sources, responses and processes of this radical institutional change that effectively paved the way for development of the Chinese accounting profession into the twenty-first century.

Design/methodology/approach

The empirical data that inform this study come from both archival materials (mostly in Chinese) and in-depth interviews. These data are analysed and interpreted from a neo-institutionalist perspective, drawing, in particular, on the concept of institutional logics and the concept of institutional work.

Findings

A state logic initially guided the development of the Chinese accounting profession but was seriously challenged in the 1990s following a series of high profile financial scandals. The findings reveal a shift to a new professional logic, which was made possible through multiple forms of institutional works instigated by various state actors.

Originality/value

Research into the radical reform of the Chinese public accounting profession in the 1990s was mostly quantitative in nature, focussing mainly on one reform programme, i.e. the disaffiliation of the accounting firms from their sponsoring agencies. This paper adopts a qualitative approach and is aimed at providing a deeper and more nuanced understanding of the institutional change process within its political and economic contexts.

Details

Accounting, Auditing & Accountability Journal, vol. 33 no. 5
Type: Research Article
ISSN: 0951-3574

Keywords

Book part
Publication date: 1 December 2004

Abstract

Details

Corporate Governance
Type: Book
ISBN: 978-0-76231-133-0

Book part
Publication date: 1 December 2004

Abstract

Details

Corporate Governance
Type: Book
ISBN: 978-0-76231-133-0

Article
Publication date: 1 January 1992

GD Donleavy

This paper is an attempt to explore the relevance and usefulness of accounting education to development needs of LDCs; and to make constructive suggestions for educational…

Abstract

This paper is an attempt to explore the relevance and usefulness of accounting education to development needs of LDCs; and to make constructive suggestions for educational change in any areas where relevance or usefulness seem to be very seriously deficient Identification of development needs is discussed first, then the present character of accounting education as exported to LDCs is discussed in the context of development needs. Finally strategic proposals are made to close the largest gaps between development need and the supply of accounting education.

Details

Asian Review of Accounting, vol. 1 no. 1
Type: Research Article
ISSN: 1321-7348

Article
Publication date: 1 April 2001

Yuezhi Zhao and Dan Schiller

Wonders whether, owing to severely restricted access, China’s government policy towards digital communications will remain in a constant state of flux – or will it gain…

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Abstract

Wonders whether, owing to severely restricted access, China’s government policy towards digital communications will remain in a constant state of flux – or will it gain economic benefits without a social penalty? Concludes that China has to link the forces of change to channel and deflect domestic resistance.

Details

info, vol. 3 no. 2
Type: Research Article
ISSN: 1463-6697

Keywords

Article
Publication date: 14 June 2021

Jie She, Tao Zhang, Qun Chen, Jianzhang Zhang, Weiguo Fan, Hongwei Wang and Qingqing Chang

Following the hierarchy-of-effects model, this study aims to propose a two-step process framework to investigate social media post efficacy via attraction and likes.

Abstract

Purpose

Following the hierarchy-of-effects model, this study aims to propose a two-step process framework to investigate social media post efficacy via attraction and likes.

Design/methodology/approach

The study analyzes 113,785 social media posts from 126 WeChat official accounts to explore how external (headline features and account type) and internal (content features and media type) features impact social media post attractions and likes, respectively.

Findings

The antecedents of post attraction differ from those of post likes. First, headline features (punctuation, length, sentiment and lexical density) and account type significantly influence social media post attraction. Second, content features (depth, tone, domain specificity, lexical density and readability) and media type affect social media post likes.

Originality/value

First, this study considers online user engagement as a two-step process regarding social media posts and explores different influencing factors. Second, the study constructs new variables (account type and domain specificity) in each stage of the two-step process model.

Details

Internet Research, vol. 32 no. 1
Type: Research Article
ISSN: 1066-2243

Keywords

Article
Publication date: 16 April 2020

Tianyun Li, Weiguo Fang, Desheng Dash Wu and Baofeng Zhang

The paper aims to explore the optimal strategies of inventory financing when the risk-averse retailer has different objectives, in the presence of multi-risk, i.e. demand…

Abstract

Purpose

The paper aims to explore the optimal strategies of inventory financing when the risk-averse retailer has different objectives, in the presence of multi-risk, i.e. demand risk, non-operational risk and retailer's strategic default risk.

Design/methodology/approach

This paper develops an inventory financing model consisting of a bank and a risk-averse retailer with strategic default. This paper considers two scenarios, i.e. the capital-constrained retailer cares about its profit or firm value. In the first scenario, the bank acts as a Stackelberg leader determining its interest rate, and the retailer acts as a follower determining its pledged quantity. In the second one, the bank capital market is perfectly competitive. Lagrange multiplier method is adopted to solve the optimization.

Findings

The optimal strategies in inventory financing scheme in two scenarios are derived. Only when the initial stock is relatively high, the retailer pledges part of the initial stock. Retailer's risk aversion reduces its pledged quantity and performance. The strategic default reduces its profit. When it is relatively high, the bank refuses to offer the loan.

Practical implications

Analytical inventory and financing strategies are specified to help retailers and banks to better understand the interaction of finance and operations management and to better respond to multi-risk.

Originality/value

New results and managerial insights are derived by incorporating partially endogenous strategic default and risk aversion into inventory financing, which enriches the interfaces of operations management and finance.

Details

Industrial Management & Data Systems, vol. 120 no. 5
Type: Research Article
ISSN: 0263-5577

Keywords

1 – 10 of 41