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Article
Publication date: 22 October 2021

Liang Wang, Zaiyang Xie, Hongjuan Zhang, Xiaohua Yang and Justin Tan

The literature on how emerging market multinational enterprises (EMNEs) overcome the liability of emergingness/origin has sidestepped a prerequisite for any efforts to…

Abstract

Purpose

The literature on how emerging market multinational enterprises (EMNEs) overcome the liability of emergingness/origin has sidestepped a prerequisite for any efforts to overcome liability, namely, corporate compliance. The authors argue that EMNEs build corporate compliance capability as a knowledge-based firm-specific advantage (FSA) to adapt to institutional norms in advanced economies. In this study, the authors empirically examine the intricate relationships between corporate compliance capability and performance in the US subsidiaries of Chinese firms.

Design/methodology/approach

In this study, the authors use survey data to empirically examine the intricate relationships between corporate compliance capability and performance in the US subsidiaries of Chinese firms.

Findings

The findings reveal a positive relationship between corporate compliance capability and subsidiary performance, as mediated by local financing.

Originality/value

The study suggests that corporate compliance capability helps a subsidiary gain legitimacy, which leads to local resource acquisition and utilization. Corporate compliance capability thus serves as a source of a knowledge-based FSA for EMNEs in developed economies.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

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Article
Publication date: 29 October 2018

David Ahlstrom, Xiaohua Yang, Liang Wang and Changqi Wu

This paper aims to study largely recent aspects of entrepreneurship and innovation in China. It synthesizes the research in the current special issue (SI) of Multinational

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1603

Abstract

Purpose

This paper aims to study largely recent aspects of entrepreneurship and innovation in China. It synthesizes the research in the current special issue (SI) of Multinational Business Review (MBR) on this topic. In addition, this paper differs from other work on this topic in examining entrepreneurship and innovation from a more global standpoint with relevant international effects.

Design/methodology/approach

The paper provides an overview of the literature on entrepreneurship, innovation and key related topics such as firm and economic growth, as well as linking this research to related international works. It also summarizes the papers of the SI.

Findings

The authors’ analysis suggests that the study of entrepreneurship and innovation should be placed in the context of a country’s economic development and institutional environment as well as the firm internationalization trajectories and business models. In addition, the authors believe that a good understanding of economic growth in a transition economy like China (which is a key goal of China’s recent emphasis on innovation) is facilitated by understanding the comparative advantages and disadvantages of an economy with respect to the global innovation system.

Originality/value

The authors’ study explores the local-global and parent-subsidiary connectivity and co-evolution of firm strategies and the institutional environment in entrepreneurship and innovation in emerging and transition economies. The authors summarize and synthesize the papers in this SI to provide the results as well as some directions for future research in the domain of entrepreneurship, innovation and new venture creation, which is believed to be a key engine of economic growth in the coming years.

Details

Multinational Business Review, vol. 26 no. 4
Type: Research Article
ISSN: 1525-383X

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Article
Publication date: 2 September 2013

Yang Yang, Xiaohua Yang and Barry W. Doyle

There has been a surge of overseas investment from China, both to developing and developed countries. However, there is limited understanding of the impact the…

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1151

Abstract

Purpose

There has been a surge of overseas investment from China, both to developing and developed countries. However, there is limited understanding of the impact the internationalization of these firms has on their value creation. This paper seeks to draw on the reconciled FSA/CSA framework with Dunning's four motives to differentiate two types of FDI: traditional FDI and strategic asset-seeking FDI. Further, the paper draws on Verbeke's FSA/CSA recombination process model to analyze the differentiated value creation of traditional FDI and strategic asset-seeking FDI for the Chinese MNEs.

Design/methodology/approach

The paper adopts event study methodology to measure the value created by Chinese MNE's FDI projects and hierarchical linear regression to test the hypotheses. The sample consists of 121 FDI projects publicly announced by Chinese listed companies during 2001-2009.

Findings

Both traditional and strategic asset-seeking FDI create value and traditional FDI creates more value than strategic asset-seeking FDI for Chinese MNEs. In addition, the paper empirically demonstrates that traditional FDI into developing countries creates more firm value than traditional FDI into developed countries or strategic asset-seeking FDI into developed countries.

Originality/value

This research makes the following original contributions: it contributes to the growing body of literature on internationalization of Chinese firms by investigating whether international expansion creates firm value and how the alignment between types of FDI and location strategies influences firm value creation; the study contributes to the literature by providing insights into the performance implications of emerging economy enterprises (EEEs); and the research contributes to FDI theory building by incorporating learning concepts in internationalization theories and by extending the context of internationalization theories to that of EEEs.

Details

Multinational Business Review, vol. 21 no. 3
Type: Research Article
ISSN: 1525-383X

Keywords

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Article
Publication date: 29 July 2014

Xiaohua Yang, Chongli Di, Ying Mei, Yu-Qi Li and Jian-Qiang Li

The purpose of this paper is to reduce the computational burden and improve the precision of the parameter optimization in the convection-diffusion equation, a new…

Abstract

Purpose

The purpose of this paper is to reduce the computational burden and improve the precision of the parameter optimization in the convection-diffusion equation, a new algorithm, the refined gray-encoded evolution algorithm (RGEA), is proposed.

Design/methodology/approach

In the new algorithm, the differential evolution algorithm (DEA) is introduced to refine the solutions and to improve the search efficiency in the evolution process; the rapid cycle operation is also introduced to accelerate the convergence rate. The authors apply this algorithm to parameter optimization in convection-diffusion equations.

Findings

Two cases for parameter optimization in convection-diffusion equations are studied by using the new algorithm. The results indicate that the sum of absolute errors by the RGEA decreases from 74.14 to 99.29 percent and from 99.32 to 99.98 percent, respectively, compared to those by the gray-encoded genetic algorithm (GGA) and the DEA. And the RGEA has a faster convergent speed than does the GGA or DEA.

Research limitations/implications

A more complete convergence analysis of the method is under investigation. The authors will also explore the possibility of adapting the method to identify the initial condition and boundary condition in high-dimension convection-diffusion equations.

Practical implications

This paper will have an important impact on the applications of the parameter optimization in the field of environmental flow analysis.

Social implications

This paper will have an important significance for a sustainable social development.

Originality/value

The authors establish a new RGEA algorithm for parameter optimization in solving convection-diffusion equations. The application results make a valuable contribution to the parameter optimization in the field of environmental flow analysis.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 24 no. 6
Type: Research Article
ISSN: 0961-5539

Keywords

Content available
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234

Abstract

Details

Journal of Asia Business Studies, vol. 6 no. 2
Type: Research Article
ISSN: 1558-7894

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Article
Publication date: 14 April 2014

Xiaohua Yang and Clyde D. Stoltenberg

This paper aims to re-examine the role of institutions in the rise of made-in-China multinationals. Specifically, the paper seeks to understand how changes in the global…

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1930

Abstract

Purpose

This paper aims to re-examine the role of institutions in the rise of made-in-China multinationals. Specifically, the paper seeks to understand how changes in the global environment, especially global financial crisis, have solidified the Chinese government's role in pushing and encouraging Chinese firms to engage in outbound foreign direct investment (OFDI) activities.

Design/methodology/approach

This is a conceptual paper. The analysis is based on a large number of publicly available sources, including research papers, government documents, and reports. The paper strives to triangulate the validity of the data with multiple sources.

Findings

The study finds that while the role of the state in China has been evolving since the start of the economic reforms in 1978, by no means has it been lessened. Instead, the state has asserted its role specifically to grow Chinese multinationals in size and in number, by leveraging the financial resources accumulated over the last 30 years, by taking advantage of the cheap assets made available globally by the recent financial crisis and by institutionalizing its “Go Global” strategy.

Research limitations/implications

The study implies that the role of the state will be further solidified through China's national goal of enhancing competitiveness via knowledge acquisition through OFDI and simultaneously, multinationals’ OFDI initiatives and strategies will be reinforced by the state's economic policies and goals while their commercial interests will take on an increasing importance in the global marketplace and their behavior will co-evolve with and be reshaped by local, national, and international environments. The paper suggests that future studies employ co-evolutionary theory to investigate the role of state-owned enterprises (especially the functions of their CEOs) as well as non-state actors in shaping the institutional framework in China. Future studies should verify some of the ideas with empirical data and strive to triangulate different data sources to increase data quality.

Practical implications

The study also provides implications to Chinese policy makers on how to balance the government's role as conductor, enabler, protector, and constrainer while allowing Chinese multinationals to integrate into the global market for the benefit of both China and the world economy.

Originality/value

This study represents an original contribution to this topic. The research contributes to the study of globalization of Chinese enterprises by exploring the renewed dynamic relationship between the state and the firm after the 2008 global financial crisis.

Details

International Journal of Emerging Markets, vol. 9 no. 2
Type: Research Article
ISSN: 1746-8809

Keywords

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Article
Publication date: 29 April 2014

Artemis Chang, Carlin Guo, Roxanne Zolin and Xiaohua Yang

The purpose of this paper is to critically review the extant guanxi literature to identify the major inconsistencies in the way guanxi is currently conceptualized. The…

Abstract

Purpose

The purpose of this paper is to critically review the extant guanxi literature to identify the major inconsistencies in the way guanxi is currently conceptualized. The authors develop a conceptualization of guanxi which views guanxi as a complex adaptive system.

Design/methodology/approach

Electronic databases were queried for the keyword guanxi. This study offers an extensive review of the current literature, highlighting four major inconsistencies, namely, the breadth, linguistic-cultural depth, temporality and level of the conceptualization and analyses of guanxi.

Findings

In reviewing the extant literature, the authors find four levels of inconsistency that contribute to a lack of clarity in the way guanxi is conceptualized. They define guanxi as a complex adaptive system involving a dynamic formed by the strategic establishing, evolving, utilizing and maintaining of personal relationships based on social norms of trust and reciprocal obligation unique to the Chinese culture.

Research limitations/implications

This approach has the advantage of capturing the dynamic and emerging nature of guanxi over time, while encompassing the underlying principles of the evolving networks as part of the definition.

Practical implications

The authors' new definition makes it easier to explain to people of other cultures. The appropriate level of breadth allows guanxi to be distinguished from associated concepts. This provides guidance for non-Chinese people to help understand guanxi and avoid cross-cultural misunderstandings and conflict.

Originality/value

Having a clear and inclusive definition of the cultural practice of guanxi will integrate the growing literature and theoretical dialogue surrounding the phenomena. This will allow for consistent study of guanxi and its underlying principles, making integration of the various studies conceptually easier.

Details

Journal of Asia Business Studies, vol. 8 no. 2
Type: Research Article
ISSN: 1558-7894

Keywords

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Article
Publication date: 29 July 2014

Chongli Di, Xiaohua Yang, Xuejun Zhang, Jun He and Ying Mei

The purpose of this paper is to simulate and analyze accurately the multi-scale characteristics, variation periods and trends of the annual streamflow series in the Haihe…

Abstract

Purpose

The purpose of this paper is to simulate and analyze accurately the multi-scale characteristics, variation periods and trends of the annual streamflow series in the Haihe River Basin (HRB) using the Hilbert-Huang Transform (HHT).

Design/methodology/approach

The Empirical Mode Decomposition (EMD) approach is adopted to decompose the original signal into intrinsic mode functions (IMFs) in multi-scales. The Hilbert spectrum is applied to each IMF component and the localized time-frequency-energy distribution. The monotonic residues obtained by EMD can be treated as the trend of the original sequence.

Findings

The authors apply HHT to 14 hydrological stations in the HRB. The annual streamflow series are decomposed into four IMFs and a residual component, which exhibits the multi-scale characteristics. After the Hilbert transform, the instantaneous frequency, center frequency and mean period of the IMFs are obtained. Common multi-scale periods of the 14 series exist, e.g. 3.3a, 4∼7a, 8∼10a, 11-14a, 24∼25a and 43∼45a. The residues indicate that the annual streamflow series has exhibited a decreasing trend over the past 50 years.

Research limitations/implications

The HHT method is still in its early stages of application in hydrology and needs to be further tested.

Practical implications

It is helpful for the study of the complex features of streamflow.

Social implications

This paper will contribute to the sustainable utilization of water resources.

Originality/value

This study represents the first use of the HHT method to analyze the multi-scale characteristics of the streamflow series in the HRB. This paper provides an important theoretical support for water resources management.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 24 no. 6
Type: Research Article
ISSN: 0961-5539

Keywords

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Article
Publication date: 1 August 2002

Pawan Budhwar, Andy Crane, Annette Davies, Rick Delbridge, Tim Edwards, Mahmoud Ezzamel, Lloyd Harris, Emmanuel Ogbonna and Robyn Thomas

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their…

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Abstract

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce – not even, in many cases, describing workers as assets! Describes many studies to back up this claim in theis work based on the 2002 Employment Research Unit Annual Conference, in Cardiff, Wales.

Details

Management Research News, vol. 25 no. 8/9/10
Type: Research Article
ISSN: 0140-9174

Keywords

Content available
Article
Publication date: 26 July 2011

Wing Fok

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69

Abstract

Details

Journal of Asia Business Studies, vol. 5 no. 2
Type: Research Article
ISSN: 1558-7894

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