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Article
Publication date: 31 January 2020

Janus Jian Zhang, Yun Ke, Shuo Li and Yanan Zhang

The purpose of this paper is to investigate whether and how auditors’ pricing decisions are affected by their clients’ offshore trading activities, which are…

Abstract

Purpose

The purpose of this paper is to investigate whether and how auditors’ pricing decisions are affected by their clients’ offshore trading activities, which are comprehensively measured through a textual analysis technique.

Design/methodology/approach

The authors identified a sample of 32,264 firm-year observations from publicly listed firms in the US during 2004 to 2015. The authors then used multivariate regressions to examine the effect of offshore trading activities on audit fees. In the regression models, the authors also control for a series of factors that are documented to influence audit pricing.

Findings

The authors find that offshore trading activities are positively associated with audit fees, suggesting that offshore activities are likely to increase a client firm’s business risk and/or the extent of client complexity. The authors also find that auditors charge higher audit fees only to firms purchasing inputs produced by their own assets overseas but not to firms buying inputs produced by local firms overseas. Moreover, the association between offshore trading activities and audit fees is more pronounced for offshore activities that are in countries with high trading centrality, for Big 4 auditors, or for auditors with industry expertise.

Originality/value

This paper extends the literature on the consequences of offshore activities by providing evidence on how auditors react to offshore activities. Moreover, it contributes to the audit fee literature. Prior studies largely focus on client-level determinants, while this study complements this line of literature by identifying firm’s offshore activities as an important risk indicator, which is perceived by auditors in their pricing decisions. A firm’s offshore activity is unique because the risk implication of the offshore activities depends not only on factors within the firm, but also on factors outside the firm in foreign nations.

Details

Managerial Auditing Journal, vol. 35 no. 4
Type: Research Article
ISSN: 0268-6902

Keywords

Article
Publication date: 16 July 2020

Xinmin Liu, Yanan Zhang and Liu Fan

This study aims to investigate the influence of three key categories of perceived entrepreneurial obstacles (perceived loss of financial resources, perceived loss of…

Abstract

Purpose

This study aims to investigate the influence of three key categories of perceived entrepreneurial obstacles (perceived loss of financial resources, perceived loss of customer demand and perceived loss of social support) on entrepreneurial behavior tendency through fear of failure and negative emotion to shed light on why Chinese entrepreneurship has fallen into a decline from the individual level.

Design/methodology/approach

A sample of 256 Chinese makers who were achieving their innovative ideas in makerspaces was used to test the research model. Then, the structural equation modeling was adopted for data analysis.

Findings

The results indicate that fear of failure is the strongest psychological barrier to entrepreneurial behavior tendency and the strongest trigger for negative emotion; both negative emotion and fear of failure are affected by entrepreneurial obstacles of perceived loss of financial resources and perceived loss of social support. However, perceived loss of customer demand is not the inducement for both fear of failure and negative emotion.

Originality/value

This study adopts stressor-strain-outcome framework in studying entrepreneurship to help understand what prevent potential entrepreneurs from stepping into entrepreneurship. In addition, this study offers a new insight into entrepreneurship by emphasizing the decisive impact of inhibitive factors on personal entrepreneurship.

Article
Publication date: 8 January 2018

Jianmei Wang, Zhixiong Li, Sadoughi Mohammadkazem, Min Cai, Jianfeng Kang and Yanan Zhang

The stability characteristics of an oil film directly influence the safety and service life of mill oil-film bearings. However, very limited work has been done to address…

Abstract

Purpose

The stability characteristics of an oil film directly influence the safety and service life of mill oil-film bearings. However, very limited work has been done to address the stability characteristics of mill oil-film bearings. To this end, this paper aims to investigate the stability characteristics of mill oil-film bearings through theoretical and experimental analysis.

Design/methodology/approach

For the first time, a special designed experiment platform was developed to investigate the stability characteristics of mill oil-film bearings. In addition, a theoretical model of lubricating film of the tested bearings was established to analyze the oil-film stability. The theoretical results were compared with the experimental results.

Findings

The comparison results demonstrate that the critical influential factors on the bearing stability were the eccentricity ratio and the ratio of bearing length to diameter. The mill bearing was likely to be unstable under a small load and at a high rotational speed.

Practical implications

The paper includes implications for suitable operation conditions in practical use of mill oil-film bearings.

Originality/value

This paper fulfills an identified need to investigate oil-film stability of mill bearings for practical applications.

Details

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

Keywords

Article
Publication date: 26 August 2022

Shiqian Ni, Yanqin Zhang, Jiabao Li and Ye Wu

To solve the problem of oil film thinning when hydrostatic thrust bearings are overloaded or rotating at high speed, the dynamic pressure formed by tiny oil wedges is used…

Abstract

Purpose

To solve the problem of oil film thinning when hydrostatic thrust bearings are overloaded or rotating at high speed, the dynamic pressure formed by tiny oil wedges is used to compensate, and the optimum height of oil wedges is determined by the compensation rate to improve the bearing capacity of hydrostatic thrust bearings.

Design/methodology/approach

This research method is aimed at the new type of double rectangular cavity static bearing with microbevel surface of q1-205. The wedge parameters of oil film were defined. The oil film lubrication performance of the bearing with the wedge parameters of 0, 0.02, 0.04, 0.06, 0.08 and 0.10 mm was simulated by the finite volume method, the comprehensive influence law of the wedge-shaped parameters on the vorticity and flow rate of the oil cavity pressure fluid was revealed. Finally, the oil cavity pressure changes of oil films with different wedge parameters under certain load and speed were tested by design experiments, and the theoretical analysis and simulation were verified.

Findings

This study found that the oil film wedge shape can well compensate the static pressure loss caused by the high-speed or heavy-duty operation of the bearing, but the dynamic pressure effect of the wedge shape does not always increase with the increase of the wedge height. The oil film exhibits superior lubrication performance in the range of 0.06–0.08 mm.

Originality/value

The original hydrostatic oil pad was designed as a microinclined plane, and the dynamic pressure caused by the microwedge of the oil pad was used to compensate the static pressure loss of the bearing. The lubrication performance of the oil film under the condition of varying viscosity was obtained by using the simulation method.

Details

Industrial Lubrication and Tribology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 30 September 2014

Yanan Zhang

– The purpose of this paper mainly is to examine the relevant rules concerning documentary letter of credit (L/C) fraud under criminal law in England and China.

Abstract

Purpose

The purpose of this paper mainly is to examine the relevant rules concerning documentary letter of credit (L/C) fraud under criminal law in England and China.

Design/methodology/approach

The paper analyses the regulations about such crime and relevant literature.

Findings

The similarities and differences of such rules have been identified briefly. L/C fraud is considered a conduct crime; and unspecific or vague provisions concerning this crime may cause difficulties of application in judicial practice in both England and China. But the possible punishment for L/C fraud criminals under Chinese criminal law seems more severe than that under English law. Dealing with L/C fraud in international trade under national criminal laws is not effective. Regional and international efforts on legal assistance in cross-border criminal cases still remain to be improved.

Research limitations/implications

The limitation is that it examines merely relevant substantial rules in legislation. This opens the paths to future research on the approach towards L/C fraud demonstrated in court cases in England and in China.

Social implications

The research underlies the need to take serious attitude and make more effective efforts towards cross-border criminal cases, although different countries may have different rules concerning specific economic crimes.

Originality/value

This paper fills the gap of a comparative study on how L/C is regulated under criminal law regime in England and China.

Details

Journal of Financial Crime, vol. 21 no. 4
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 5 October 2012

Yanan Zhang

The purpose of this paper is to explore and examine, in a systematic manner, possible preventive measures that commercial parties can take in order to prevent or reduce…

3379

Abstract

Purpose

The purpose of this paper is to explore and examine, in a systematic manner, possible preventive measures that commercial parties can take in order to prevent or reduce documentary letter of credit (L/C) fraud in international transactions.

Design/methodology/approach

In the context of international transactions, considering documentary L/C fraud as a risk, the paper searched preventive measures that different parties involved can adopt, from both business perspective and legal perspective.

Findings

The paper provides a number of specific measures which buyers, sellers, and banks in international L/C transactions can take in business to reduce L/C fraud. The option of banks providing additional services of checking further the validity or authenticity of some documents under the L/C, by charging additional prices, has reflected the needs of some business parties. However, this is proposed to be optional rather than compulsory for banks. The lawyers can also play an important role by adopting preventive legal mentality to help and provide advice to different parties in applying the preventive and proactive approach. More importantly, the author recommends that buyers or sellers maintain close cooperation with their banks and lawyers in implementing preventive and proactive measures.

Practical implications

The paper can be a helpful source of advice for business enterprises likely to be involved in international documentary L/C transactions.

Originality/value

This paper fulfils the gap of a holistic study on how to prevent international documentary letter of credit fraud.

Details

Journal of Financial Crime, vol. 19 no. 4
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 18 November 2013

Yuanhui Li

The papers in this issue make a significant original contribution which will result in the better understanding of Chinese corporate finance management challenges from…

236

Abstract

Purpose

The papers in this issue make a significant original contribution which will result in the better understanding of Chinese corporate finance management challenges from both theoretical and practical perspective. The paper aims to discuss these issues.

Design/methodology/approach

The papers of this issue have a wide range of coverage related to corporate finance, such as CSR disclosure, organizational structure, earnings management, ownership structure, media impact, corporate accidents, and institution background. Those papers selected are all based on empirical researches with the original designs of their modeling, by the real and fundamental data from the latest Chinese market and enterprises.

Findings

The author believes that such in-depth analysis and discussion will enhance the understanding for both researches and practitioners on the behavior of managing corporate finance in China. Those findings will contribute to the establishment of Chinese management theories and to the building of a wide range of Chinese management practices.

Originality/value

Although the angle of each paper varies, they are all trying to have a deep analysis which may unveil the behavior of corporate finance decision. Some of such behaviors will be beneficial to the long-term sustainable growth of the company, while others, though, may have the negative impact on the corporate value creation.

Details

Chinese Management Studies, vol. 7 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

Abstract

Details

Corporate Fraud Exposed
Type: Book
ISBN: 978-1-78973-418-8

Article
Publication date: 7 December 2021

Shiqian Ni, Yanqin Zhang and Zhen Quan

When the clearance oil film of hydrostatic bearing friction pair is in critical lubrication state, the phenomenon of zero flow of local lubricating oil will aggravate the…

Abstract

Purpose

When the clearance oil film of hydrostatic bearing friction pair is in critical lubrication state, the phenomenon of zero flow of local lubricating oil will aggravate the oil film temperature rise, which needs to be solved.

Design/methodology/approach

In this paper, the critical lubrication parameter equation and the oil film temperature rise mathematical model are derived for the new type q1-205 double rectangular cavity hydrostatic bearing. Based on a combination of theoretical analysis, simulation and experimental verification, this paper analyzes the flow characteristics and temperature rise characteristics of the lubricating oil when the hydrostatic bearing is in a critical lubrication state under different operating conditions and finally obtains the critical lubrication state of the oil film.

Findings

This study found that the numerical simulations and the derived formulas agree with the results. When the oil film is in critical lubrication, the cross-section side flow of the oil side is almost zero. The heat cannot be taken away in time, resulting in the local temperature rise of the oil film, which causes serious heat accumulation.

Originality/value

It is concluded that the operating condition parameters corresponding to the critical lubrication state provide a theoretical basis for the selection of actual hydrostatic bearing operating conditions, which is of great scientific significance.

Details

Industrial Lubrication and Tribology, vol. 74 no. 8
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 30 November 2018

Yanqin Zhang, Pengrui Kong, Yanan Feng and Lili Guo

To investigate the effects of hot oil carrying (HOC), the purpose of this paper is to present a new calculation method of oil film temperature which takes the effects into…

Abstract

Purpose

To investigate the effects of hot oil carrying (HOC), the purpose of this paper is to present a new calculation method of oil film temperature which takes the effects into account and defines the factor of HOC.

Design/methodology/approach

Based on finite volume method, the paper studied the temperature characteristics in high speed and the condition of variable viscosity from the temperature field and flow field of the film, and the thermal rule of HOC is revealed. The theoretical values are in good agreement with the experimental results.

Findings

The results show that, for this structure of hydrostatic bearing, the phenomenon of HOC does not occur until the work speed is more than 10 r/min under any load condition. And it always happens in the total range of load, from 0 to 320 kN, when the speed is over 60 r/min. Moreover, the film temperature increases sharply, when the phenomenon happens in high speed, and the influence of the speed is greater than the effect of load on the temperature rise.

Originality/value

The results would help to increase the speed of CNC machine tools and the design on structure of the bearing in engineering practice.

Details

Industrial Lubrication and Tribology, vol. 71 no. 1
Type: Research Article
ISSN: 0036-8792

Keywords

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