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Article
Publication date: 1 June 2012

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…

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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.

Article
Publication date: 16 May 2016

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…

1168

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

Article
Publication date: 11 November 2014

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

Article
Publication date: 2 November 2021

Jun Wang, Song Yao, Xin Wang, Pengwen Hou and Qian Zhang

The purpose of this paper is to investigate the optimal operational strategies in a green platform supply chain and provide suggestions on the selection of sales and…

131

Abstract

Purpose

The purpose of this paper is to investigate the optimal operational strategies in a green platform supply chain and provide suggestions on the selection of sales and financing modes for the capital-constrained manufacturer.

Design/methodology/approach

This study combines different sales channels with financing modes and investigates three sales-financing modes, i.e. traditional sales-prepayment financing (TSPF), traditional sales-bank financing (TSBF) and online sales e-retailer financing (OSEF). By establishing and comparing Stackelberg game models of these sales-financing modes from the perspectives of economy, environment and social welfare, the optimal strategies of emission reduction, financing, pricing and service improvement are obtained.

Findings

The results suggest that as the commission rate increases to a certain level, a threshold of the cost coefficient of emission reduction can be found such that the manufacturer should choose OSEF below this threshold and TSBF above this threshold. OSEF is Pareto optimal when this cost coefficient is low, and this mode can lead to the highest social welfare when the platform loan interest rate is relatively low. The Pareto areas in TSBF and OSEF enlarge as the default coefficient decreases.

Practical implications

These results can provide operational insights on how to select sales channels and financing modes when manufacturer faces financial constraints in emission reduction.

Originality/value

This paper combines different sales and financing modes to study their comprehensive influence on the decision-makings of chain members and the resulting performance of economy, environment and social welfare.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 30 July 2021

Shujie Zhang, Wei Sun, Haochen Ji and Junyun Jia

The primary purpose of this paper is to identify the antecedent (i.e. leader's self-transcendent value) and outcomes (i.e. follower's environmental commitment and…

Abstract

Purpose

The primary purpose of this paper is to identify the antecedent (i.e. leader's self-transcendent value) and outcomes (i.e. follower's environmental commitment and behavior) of transformational leadership. The second purpose is to examine the mediating role of transformational leadership plays in the relationship between leader's self-transcendent value and follower's environmental commitment and behavior.

Design/methodology/approach

Multi-source data were collected at multiple times in China. A total of 262 employees and their 64 supervisors completed the survey. The authors conducted a series of confirmatory factor analyses (CFAs) to verify the validity of the constructs and adopted the SPSS PROCESS macro with bootstrapping techniques to test the hypotheses.

Findings

The authors find that leader's self-transcendent value is an important antecedent of transformational leadership, and transformational leadership can enhance followers' environmental commitment and foster their environmental behavior. Besides, transformational leadership plays a significant mediating role between leader's self-transcendent value and follower's environmental commitment and behavior.

Originality/value

This study has developed an integrated model of the antecedents and outcomes of transformational leadership in the Chinese context. It also confirmed that transformational leadership mediates the process through which leader's self-transcendent value has a positive impact on follower's environmental commitment and behavior.

Details

Leadership & Organization Development Journal, vol. 42 no. 7
Type: Research Article
ISSN: 0143-7739

Keywords

Article
Publication date: 7 August 2021

Bochun Xu, Nan Zou, Yunhao Jia, Chao Feng, Jiajia Bu, Yu Yan and Zhipeng Xing

The purpose of this paper is to study the effect of micro-nano surface texture on the corrosion resistance of a titanium alloy and investigate the correlation between…

Abstract

Purpose

The purpose of this paper is to study the effect of micro-nano surface texture on the corrosion resistance of a titanium alloy and investigate the correlation between corrosion resistance and hydrophobicity.

Design/methodology/approach

The surface of the Ti6Al4V alloy was modified by laser processing and anodizing to fabricate micro-pits, nanotubes and micro-nano surface textures. Afterward, the surface morphology, hydrophobicity and polarization curve of the samples were analyzed by cold field scanning electron microscopy, contact angle measurement instruments and a multi-channel electrochemical workstation.

Findings

The micro-nano surface texture can enhance the hydrophobicity of the Ti6Al4V surface, which may lead to better drag reduction to ease the friction of implants in vivo. Nevertheless, no correlation existed between surface hydrophobicity and corrosion resistance; the corrosion resistance of samples with nanotubes and high-density samples with micro-nano surface texture was extremely enhanced, indicating the similar corrosion resistance of the two.

Research limitations/implications

The mechanism of micro-dimples on the corrosion resistance of the micro-nano surface texture was not studied.

Practical implications

The density of micro-pits needs to be optimized to guarantee excellent corrosion resistance in the design of the micro-nano surface texture; otherwise, it will not fulfill the requirement of surface modification.

Originality/value

The influence of the micro-nano surface texture on the corrosion resistance, as well as the relationship between hydrophobicity and corrosion resistance of the titanium alloy surface, were systematically investigated for the first time. These conclusions offer new knowledge.

Details

Anti-Corrosion Methods and Materials, vol. 68 no. 5
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 3 June 2021

Hongya Niu, Zhenxiao Wu, Fanli Xue, Zhaoce Liu, Wei Hu, Jinxi Wang, Jingsen Fan and Yanqi Lu

This study aims to acquire a better understanding on the characteristics and risks of heavy metals (HMs) in PM2.5 from an industrial city – Handan, China.

Abstract

Purpose

This study aims to acquire a better understanding on the characteristics and risks of heavy metals (HMs) in PM2.5 from an industrial city – Handan, China.

Design/methodology/approach

PM2.5 samples were collected on the basis of daytime and nighttime at the state controlling air sampling site in Handan city. Ten metal elements (V, Cr, Mn, Fe, Ni, Cu, Rb, Sr, Cd and Ba) in PM2.5 were determined with an inductively coupled plasma mass spectrometry. The pollution levels of metals were characterized by enrichment factors, and the sources of metals were identified with principle component analysis and cluster analysis. The ecological and health risks of metals were assessed using ecological and health risk indexes.

Findings

Results showed that the highest and lowest PM2.5 concentration appeared in winter and summer, respectively. The concentration of PM2.5 at night was higher than in the daytime in winter, yet it is the opposite in other seasons. The total mass concentration of detected metals was the highest in winter, and the total mass concentration in the daytime was higher than at night in all four seasons. The elements V, Rb, Sr and Ba exhibited a deficient contamination level; Cr, Ni and Cu exhibited a moderate contamination level; while Fe and Cd were at an extreme contamination level. The metals in PM2.5 originated from a mixture source of fossil fuel combustion and manufacture and use of metallic substances (34.04%), natural source (26.01%) and construction and traffic-related road dust (17.58%). Results from the ecological risk model showed that the ecological risk of metals was very high, especially risks related to Cd. Health risk model presented that both the non-carcinogenic and carcinogenic risk coefficients of metals were above the tolerance level of the human body.

Originality/value

The significance of the study is to further know the pollution characteristics of PM2.5 and related HMs in Handan city, and to provide references for ensuring local resident health and ecological environment.

Details

World Journal of Engineering, vol. 18 no. 6
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 7 March 2019

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.

Article
Publication date: 2 April 2019

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

Article
Publication date: 29 November 2018

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…

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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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