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Article

Yanlong Zhang and Xiu'e Zhang

Focusing on the corporate entrepreneurship in China's emerging economy, the purpose of this paper is to explore the impact of network capabilities on entrepreneurial…

Abstract

Purpose

Focusing on the corporate entrepreneurship in China's emerging economy, the purpose of this paper is to explore the impact of network capabilities on entrepreneurial orientation and business performance.

Design/methodology/approach

Questionnaires and statistical analysis are applied in this research.

Findings

Based on the survey of small to medium‐sized enterprises (SMEs) in the north‐east of China, it is found that entrepreneurial orientation (EO) has a positive effect on business performance, and network capabilities (NC) can significantly moderate relationship between entrepreneurial orientation and business performance.

Originality/value

This paper, theoretically, fills a gap by finding out how network capabilities impact the relationship between entrepreneurial orientation and business performance in China's emerging economy; it enriches China's entrepreneurial theory, and, in the practical sense, pays attention to the development of network capabilities in the day‐to‐day running of SMEs, to further their competitive advantages in the continuous process of corporate entrepreneurship.

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Article

Xiu Zhang, Shoudong Chen and Yang Liu

The purpose of this paper is to empirically analyze the transmission mechanism between benchmark interest rate of financial market, money market interest rate and capital…

Abstract

Purpose

The purpose of this paper is to empirically analyze the transmission mechanism between benchmark interest rate of financial market, money market interest rate and capital market yields in order to reveal the dynamic evolution characters and core influential structure between different market interest rates.

Design/methodology/approach

Using Dirichlet-VAR (DVAR) model, this study analyze the relationship between markets rates according to the equilibrium model in money market and capital market.

Findings

Empirical results show that the interest rate transmission mechanism functions smoothly between interest rates of different levels. Interest rate of bills issued by the central bank can effectively reflect changes in monetary policy and guide the fluidity of market, playing the anchor role in interest rate pricing. There exists a closed loop feedback between interest rate of bills issued by the central bank, and money market interest rate, as well as between money market interest rate and bond market interest rate. The former is a loop by administrative means while the latter is the one mainly affected by market-oriented means. The response by money market and bond market toward the change of benchmark interest rate is unsymmetrical as money market is more sensitive to a loose monetary policy while bond market is more sensitive to a tight monetary policy. Stock market is strongly affected by uncertainty of benchmark interest rate.

Originality/value

DVAR model is the extension of research on instable data and multiple variable causality test, which expands the causality analysis between two variables to multiple variables causality impact analysis which contains non-stable and structurally instable economic data.

Details

China Finance Review International, vol. 6 no. 2
Type: Research Article
ISSN: 2044-1398

Keywords

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Article

Yan Wang, Shoudong Chen and Xiu Zhang

The purpose of this paper is to measure a single financial institution's contribution to systemic risk by using extremal quantile regression and analyzing the influential…

Abstract

Purpose

The purpose of this paper is to measure a single financial institution's contribution to systemic risk by using extremal quantile regression and analyzing the influential factors of systemic risk.

Design/methodology/approach

Extreme value theory is applied when measuring the systemic risk of financial institutions. Extremal quantile regression, where extreme value distribution is assumed for the tail, is used to measure the extreme risk and analyze the changes in and dependencies of risk. Furthermore, influential factors of systemic risk are analyzed using panel regression.

Findings

The key findings of the paper are that value at risk and contribution to systemic risk are very different when measuring the risk of a financial institution; banks’ contributions to systemic risk are much higher; and size and leverage ratio are two significant and important factors influencing an institution's systemic risk.

Practical implications

Characterizing variables of financial institutions such as size, leverage ratio and market beta should be considered together when regulating and constraining financial institutions.

Originality/value

To take extreme risk into account, this paper measures systemic financial risk using extremal quantile regression for the first time.

Details

China Finance Review International, vol. 4 no. 4
Type: Research Article
ISSN: 2044-1398

Keywords

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Article

Hui-Wen Deng and Kwok Wah Cheung

The National People’s Congress (NPC) of People’s Republic of China, the highest organ of state power, is popularly seen as a rubber-stamp entity. However, it has been…

Abstract

Purpose

The National People’s Congress (NPC) of People’s Republic of China, the highest organ of state power, is popularly seen as a rubber-stamp entity. However, it has been substantially evolving its roles to accommodate the governance discourses within China’s political system over the decades. This study aims to explore the changes of governance discourse of the NPC within China’s political system through which to offer a thorough understanding of the NPC’s evolving substantial role in current China.

Design/methodology/approach

This study deploys a historical approach to explore the changes of governance discourse of the NPC that has seen a growing importance in China’s political agenda, as argued by this study.

Findings

The authors find that the NPC has been substantially evolving its role within China’s political system in which the Chinese Communist Party has created different governance discourses. Besides, the NPC and its Standing Committee have asserted its authority as a substantial actor within China’s political system. The NPC is no longer functioned as a rubber-stamp institution, though it is still popularized as a rubber stamp by many scholars.

Research limitations/implications

This study is a historical elaboration on the development of NPC under three governance discourses. It might be, to some extent, relatively descriptive in nature.

Originality/value

This study, therefore, sheds some light on a revisit on the governance discourses in current China.

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Article

Jun-peng Shao, Guang-dong Liu, Xiao-dong Yu, Yan-qin Zhang, Xiu-li Meng and Hui Jiang

The purpose of this paper is to describe a simulation and experimental research concerning the effect of recess depth on the lubrication performance of a hydrostatic…

Abstract

Purpose

The purpose of this paper is to describe a simulation and experimental research concerning the effect of recess depth on the lubrication performance of a hydrostatic thrust bearing by constant rate flow.

Design/methodology/approach

The computational fluid dynamics and finite volume method have been used to compute the lubrication characteristics of an annular recess hydrostatic thrust bearing with different recess depths. The performances are oil recess pressure, oil recess temperature and oil film velocity. The recess depth has been optimized. A test rig is established for testing the pressure field of the structure of hydrostatic thrust bearing after recess depth optimization, and experimental results show that experimental data are basically identical with the simulation results, which demonstrates the validity of the proposed numerical simulation method.

Findings

The results demonstrate that the oil film temperature decreases and the oil film pressure first increases and then decreases with an increase in the recess depth, but oil film velocity is constant. To sum up comprehensive lubrication performance, the recess depth of 3.5 mm is its optimal value for the annular recess hydrostatic thrust bearing.

Originality/value

The computed results indicate that to get an improved performance from a constant flow hydrostatic thrust bearing, a proper selection of the recess depth is essential.

Details

Industrial Lubrication and Tribology, vol. 70 no. 1
Type: Research Article
ISSN: 0036-8792

Keywords

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Article

Nan Zhou, Xiu-Xiu Zhan, Song Lin, Shang-Hui Yang, Chuang Liu, Gui-Quan Sun and Zi-Ke Zhang

Information carriers (including mass media and We-Media) play important roles in information diffusion on social networks. The purpose of this paper is to investigate…

Abstract

Purpose

Information carriers (including mass media and We-Media) play important roles in information diffusion on social networks. The purpose of this paper is to investigate changes in the dissemination of information combing with data analysis.

Design/methodology/approach

This work analyzed nearly 200 years of coverage of different information carriers during different periods of human society, from the period of only mouth-to-mouth communication to the period of modern society. Information diffusion models are built to illustrate how the information dynamic changes with time and combined box office data of several movies to predict the process of information diffusion. In addition, a metric is defined to identify which information would become news in the future.

Findings

Results show that with the development of information carriers, information spreads faster and wider nowadays. The correctness of the metric proposed has been validated.

Research limitations/implications

The structure of social networks influences the dissemination of information. There are an enormous number of factors that influence the formation of hotspots.

Practical implications

The results and conclusion of this work will benefit by predicting the evolution of information carriers. The metric proposed will aid in searching hot news in the future.

Originality/value

This work may shed some light on a better understanding of information diffusion, spreading not only on social networks but also on the carriers used for the information spreading.

Details

The Electronic Library, vol. 35 no. 4
Type: Research Article
ISSN: 0264-0473

Keywords

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Article

Qin Zhu, Renan Jia and Xiaohua Lin

In the context of China, the purpose of this paper is to empirically answer three related questions: Could circular agriculture (CA) attain economic, ecological and social…

Abstract

Purpose

In the context of China, the purpose of this paper is to empirically answer three related questions: Could circular agriculture (CA) attain economic, ecological and social benefits simultaneously? What is key to a successful CA business in emerging economies? And who plays the vital role in building and sustaining a circular business?

Design/methodology/approach

The paper is based on a field study and looks at a farm in China. It uses a triangulation methodology to collect information. Besides longitudinal filed work at the farm, the researchers have also interviewed multiple stakeholders and conducted field research at the local markets.

Findings

With concrete performance data, the study proves that a circular approach can help achieve ecological, economic and social goals together. It shows that economic viability is essential to succeeding in circular operation, sufficient production pathways are required to make such operation sustainable, and entrepreneurship is key to build and grow a circular business.

Research limitations/implications

The findings point to the crucial role of entrepreneurship in promoting the circular model in emerging economies. These findings, however, may not be readily generalizable, given the limitations of the case study approach.

Practical implications

The study highlights a few areas in which government assistance can make a difference, including financial incentives, information provision, technical support and most importantly the creation of a positive environment for entrepreneurial development.

Originality/value

While prior research emphasizes the role of government in promoting circular economy in developing and emerging markets, the study proves that entrepreneurship is key to turning government initiatives into economically viable and sustainable circular operation.

Details

Management Decision, vol. 57 no. 4
Type: Research Article
ISSN: 0025-1747

Keywords

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Article

Sourabh Jain, Nikunj Kumar Jain and Bhimaraya Metri

Sustainability issues on economic, environmental and social perspectives have drawn attention of environmentalists, ecologists and governments. In this context, circular…

Abstract

Purpose

Sustainability issues on economic, environmental and social perspectives have drawn attention of environmentalists, ecologists and governments. In this context, circular economy provides an opportunity to transform waste into resources, reduction of production and consumption activities; and reduction of carbon footprints, all at the same time. The purpose of this paper is to develop a strategic framework for measuring circular supply chain management.

Design/methodology/approach

A grounded theory approach has been used to develop the strategic framework for circular supply chain management.

Findings

This study provides an integrative framework for studying, designing and evaluating circular supply chain management performance matrix.

Research limitations/implications

A conceptual strategic framework has been proposed to measure the performance of circular supply chain management. Further empirical studies may be carried out to validate the framework.

Practical implications

The conceptual strategic framework provides key indicators for reducing material consumption, reducing waste, reducing carbon footprint and recycling opportunities throughout the supply chain. These may be utilized by practitioners for gaining competitive advantage.

Originality/value

This paper provides insights into development of circular supply chains that provides opportunities for cost reduction and securing competitive advantage for a business in the long run.

Details

Benchmarking: An International Journal, vol. 25 no. 8
Type: Research Article
ISSN: 1463-5771

Keywords

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Article

Zhenduo Zhang, Li Zhang, Jing Xiu and Junwei Zheng

Based on the social cognitive theory, this research analyzed the helping behavior of leaders and its trickle-down effect on an employee's helping behavior. Additionally…

Abstract

Purpose

Based on the social cognitive theory, this research analyzed the helping behavior of leaders and its trickle-down effect on an employee's helping behavior. Additionally, this study analyzed the relationship between an employee's helping behavior and thriving at work.

Design/methodology/approach

Cellphones were used to collect data using the experience sampling method from 74 participants over five consecutive days (N = 370), and the conceptual model was analyzed at the episode level.

Findings

This research examined the helping behavior of employees and its role in mediating the relationship between a leader's helping behavior and an employee's thriving at work. Psychological availability moderates this indirect relationship; and high psychological availability increases the indirect influence of a leader's helping behavior on an employee's helping behavior, which in turn increases employee's thriving at work.

Originality/value

The findings of this research shed light on a new social cognitive mechanism through which the helping behavior of leaders enhances an employee's thriving at work.

Details

Leadership & Organization Development Journal, vol. 41 no. 6
Type: Research Article
ISSN: 0143-7739

Keywords

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Article

Guo-yuan Zhang, Jia-qi Dang, Wei-gang Zhao and Xiu-tian Yan

The serious friction and wear problem occurs on the mechanical seal’s faces during the start-up stage of the high-speed turbopump for a liquid rocket engine. This paper…

Abstract

Purpose

The serious friction and wear problem occurs on the mechanical seal’s faces during the start-up stage of the high-speed turbopump for a liquid rocket engine. This paper aims to propose a kind of thick metal alloy coatings on the surface of the seal’s rotor so as reduce the friction and wear.

Design/methodology/approach

With the pin-disk (the graphite pin and the disk with the metal coating) tribology-tester, the tribological behaviors of four metal coatings are investigated. The special friction coefficients under the dry friction, boundary friction and different temperatures of water-lubricated conditions were obtained.

Findings

The test results show that the thick metal coating has a good performance of the wear resistance and friction reduction; and the friction coefficients of a Sn-Sb-Cu coating under the dry friction and water-lubricated conditions are 0.377 and 0.043, respectively, and the corresponding mass wear volumes are only 2.74 and 0.81 mg, respectively.

Originality/value

The thick metal coating scheme for the mechanical seal’s faces might lend itself to the harsh working conditions of the low-viscosity liquid rocket engine.

Details

Industrial Lubrication and Tribology, vol. 71 no. 2
Type: Research Article
ISSN: 0036-8792

Keywords

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