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The affordable loss (AL) heuristic, as one crucial sub-dimension of effectuation, delineates the maximum level of investment entrepreneurs are ready to lose in a worst-case scenario. Conflicting conceptualizations remain regarding whether entrepreneurs’ psychological traits matter for AL. Based on the narcissistic admiration and narcissistic rivalry perspective, this study investigates the relationship between chief executive officer (CEO) narcissism and AL behaviors.

Using data collected from the CEOs and paired vice presidents at 122 small and medium enterprises (SMEs) in mainland China, the authors intend to further explore the association between psychological traits, especially CEO narcissism and AL behaviors under environment and resource constraints (e.g. perceived uncertainty and slack resources).

The findings show that CEO admiration-based narcissism is positively related to AL behaviors in the firm. Furthermore, when firms hold more slack resources, narcissistic admiration has a stronger positive association with AL; while when the environment becomes more uncertain, narcissistic admiration has a weaker positive association with AL. In contrast, CEO rivalry-based narcissism is negatively related to AL behaviors in the firm. When the environment becomes more uncertain, narcissistic rivalry has a stronger negative association with AL.

This article contributes to trait-based effectuation research and suggests that individual psychological traits affect AL behaviors at the firm level, though the patterns of the relationship vary with both the type of narcissism and contexts.

This paper aims to promote an expanded two‐way dialog between Chinese and Western leaders and executives which recognizes that “wisdom” can flow in both directions.

Interviews were undertaken with three Chinese executives and analyzed against a model of performance excellence.

An understanding of some of the similarities and differences of Western and Chinese business practices and a conclusion that there are lessons for Western businesses to learn.

The work involved interviews with only three Chinese executives and thus represents a tiny sample.

Illustrates some of the practices that might be worth considering by the West as we climb out of the current economic depression and re‐focus business efforts for a longer‐term future.

The paper adopts a novel approach of analyzing interview outcomes against a reference model. The core value is, however, in highlighting the benefits that might arise from extended dialog.

The purpose of this paper is to develop initial evidence about the nature and features of crowdfunding in China, given it is largely unregulated regulatory frameworks.

The paper used extensive desk research using data collected from the public and private sectors, after which the data was analyzed parallel to existing academic literature, that is, institutional context by Bruton et al. (2014). This paper uncovered patterns of development, profiling crowdfunding platforms, examining the regulatory landscape and providing antecedents of successful crowdfunding projects in China.

When the traditional financial markets are hard to reach, micro, small and medium enterprises (MSMEs) were starved for capital. Crowdfunding can play a major role in funding and risk sharing. It is an innovative and dynamic vehicle for MSMEs as well as enthusiastic investors in China. Since its initial introduction to China in 2009, crowdfunding has gained substantial popularity in a relatively short period. Currently, there is still not an identifiable guideline on how to delineate the significance of the crowdfunding platform. The development of crowdfunding in China faces a few unresolved key issues. As researchers exploring this phenomenon in new ways, crowdfunding platforms can be enhanced in a manner that benefits the capital seeker, investors and society as a whole.

There is a dearth of information on start-up crowdfunding in Asia. With little data available to analyze, so this paper hopes to contribute to knowledge and provide valuable information to researchers and industry representations. Crowdfunding represents a potentially disruptive change in the way that new ventures are funded. This paper represents an initial analysis in the study of new ventures in China. Finally, the authors provide recommendations for entrepreneurs, investors and policymakers as well as researchers and practitioners with suggestions about yet unexplored avenues of research.

Grey target decision making is one of the important problems of decision-making theory. It is critical to express uncertain information effectively and depose them in a reasonable and simple way. The purpose of this paper is to solve the grey target problem by the grey potential degree method without whiten value and without distribution function. Furthermore, this new approach has an advantage of realizing both comparing and standardization work during the process of treating the data.

First, this paper makes a brief overview of the existing method for grey target decision. Then, the conception of a grey potential degree system is introduced and the conception of standard grey potential degree is build up, and a new grey potential-based method based on the grey target multiple attribute decision method is proposed. At the same time, the standard grey potential and its application in multiple resource data are studied.

At the same time the standard grey potential and its application in multiple resource data are studied. Standard grey potential is presented by means of three examples together with the comparison with the existing method to demonstrate that the grey potential-based method could be used to solve the problem of grey target decision conveniently and effectively.

It is very important to compare grey numbers to obtain scientific and reasonable results for a grey target decision-making problem. However, in the actual application of grey numbers, it is difficult to find out the probability density function or the whiten function of grey numbers. When grey numbers are compared and deposed through the whiten value, much information regarding grey numbers will be lost and, at the same time, the value of grey numbers in uncertainty is partly lost. The method discussed in this paper is reasonable and feasible.

COVID-19 has caused critical supply chain problems, especially in sustainable supply chain management, but very few empirical studies have been explored how to improve the firm sustainability through supply chain endeavours such as supply chain agility to manage the impacts of COVID-19. This paper aims to develop a model to incorporate supply chain agility and supply chain relationships that link firm sustainability to mitigate the impacts of the pandemic.

The authors conducted an online survey and collected 203 valid responses from businesses in the United Arab Emirates, and employed an exploratory factor analysis, mediated regression analysis and structural equation modelling methodology to test the models and hypotheses.

The authors find that the adoption of supply chain agility can improve supply chain relationships and positively impact sustainability. Meanwhile, supply chain relationships partially mediate the relationship between supply chain agility and sustainability. In addition, sustainability mitigates the impacts of COVID-19 pandemic on supply chains.

The results provide fruitful insights and implications for the challenges and uncertainties caused by the pandemic post COVID-19 and provide several directions for further research.

This paper aims to study the improved effect of the instrumental variable method to estimate parameters of linear regression model with the stochastic explanatory variables problem.

By Monte‐Carlo method, taking a linear regression model with intercept of 3, slope of 4 as an example, whose random error in standard normal distribution, to test whether parameter estimators are biased and how about the average relative error of estimator of slope when random explanatory variables are in different contemporaneously correlated with random error item. By the instrumental variables which are independent with random error item and in varying degrees related to random explanatory variable, the study tests the estimation accuracy of the slope using the instrumental variable method.

This paper tests that the ordinary least square parameter estimators are biased, and especially that the average relative error of estimator of slope is significantly large, more than 10 percent, when random explanatory variables are different and contemporaneously correlated with the random error item. For the instrumental variables that are independent from random error item and in varying degrees related to the random explanatory variable, the estimation accuracy of the slope is significantly improved and the relative error dropped to less than 4 percent, but the estimation accuracy of the intercept term showed no significant improvement by the instrumental variable method.

The method exposed in the paper shows how to improve estimation by an instrumental variable method.

The paper succeeds in showing how to improve estimation by the instrumental variable method of numerical simulation.

The purpose of this paper is to propose a method with capability of short-time implementation.

This paper was directed using both experimental tests and simulations to propose a comprehensive method for lifetime estimation of the solder joints.

A new method with good agreement with experimental tests has been proposed.

It is confirmed that paper is original.

This paper aims to check the presence of such relationship in the field. Certain values are at stake for the success of economic behavior. Since the genesis of modern capitalism, a set of beliefs proper of Calvinism (mainly Predestination but also Beruf, inner-worldly asceticism, role of Sects […] ) was said by Max Weber to cause an anxiety about salvation and generate a propensity to economic success as a sign of election. The author argues on the contrary that the Calvinist belief in the Perpetual Assurance of Salvation might cause a sense of self-efficacy able to favor economic success. To observe this in action today, it is crucial to consider the evolution that the Protestant ethic went through migrating first in North America and, finally, through the Protestant revival of China. Wenzhou is called “Jerusalem of China” for its large Protestant community that is also strongly involved in business. Some scholar already pointed out the presence among those entrepreneurs of this Protestant ethic (Yi Xiang, Boss-Christian […]).

The data presented in this comparative qualitative study pertain to ethnographic observations, job-shadowing and interviews done among Chinese Christian and non-Christian entrepreneurs from Wenzhou living in Milan, Italy.

The results show, with some adjustments, the presence of a Chinese version of the Protestant ethic overlapping with several values proper to the Chinese context (Confucianism, lineage, social network). The extension of the study to other cases must be done with caution considering the non-causal justificatory role of the belief.

Successful entrepreneurship involves specific social, cultural and even religious aspects that move beyond mere business strategies.

The study examines the relationship between CEO characteristics and corporate social responsibility (CSR) in China. Previous studies showed that good CSR behaviour could enhance the firm’s financial performance. CEOs are responsible for major decision-making, including CSR policies. This chapter uses all A-share listed firms in China from 2011 to 2020. The authors find that CEO’s gender, age, educational background, and career experience have positive relationships with CSR. This chapter enriches the current literature on the effects of CEO characteristics and highlights the important roles of CEO characteristics in CSR activities.

Many studies on entrepreneurial intention have explored the impact of different factors; however, few have examined the relationship between and impact mechanisms of informal social networks and entrepreneurial intention. This study aimed to bridge this research gap.

This study is based on social capital and ambidexterity theories. After surveying the data of 302 college students from different provinces and universities in China, a mediation model for research is constructed.

Informal social networks help enhance college students’ entrepreneurial intentions, whereas entrepreneurial learning (exploratory and exploitative learning) partially mediates this relationship.

This study empirically explores the impact of informal social networks on the entrepreneurial intentions of Chinese college students and indicates the crucial role played by entrepreneurial learning (divided into exploratory and exploitative learning).