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Book part
Publication date: 10 July 2019

Xujian Zhao, Hui Zhang, Chunming Yang and Bo Li

In recent years, a great number of top conferences and workshops on artificial intelligence (AI) were held in China, showing Chinese AI plays an important role in the…

Abstract

In recent years, a great number of top conferences and workshops on artificial intelligence (AI) were held in China, showing Chinese AI plays an important role in the world. Meanwhile, Chinese government announced an ambitious scheme, “New Generation Artificial Intelligence Development Plan,” for the country to become a world leader in AI technologies by 2030. The AI research in China has covered various aspects, ranging from chips to algorithms. This chapter attempts to give an overview of the recent advances of AI research and development in China, as well as some perspectives on the future development of AI in China.

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The New Silk Road Leads through the Arab Peninsula: Mastering Global Business and Innovation
Type: Book
ISBN: 978-1-78756-680-4

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Article
Publication date: 24 May 2021

Xianyou Pan, Yang Cao, Xiongfeng Pan and Md. Kamal Uddin

Environmental regulation policy and cleaner production technology innovation are the key links to achieve sustainable economic development. This paper tests the impact of…

Abstract

Purpose

Environmental regulation policy and cleaner production technology innovation are the key links to achieve sustainable economic development. This paper tests the impact of Two Control Zone (TCZ) environmental regulation policy on cleaner production technology innovation and explains the heterogeneity effect between them from the perspective of regional pollution intensity and R&D investment scale.

Design/methodology/approach

This paper takes TCZ policy as an environmental regulation policy and collects the patent data related to coal desulfurization cleaner production technology innovation in prefecture-level cities from 1994 to 2002 in China. This paper also tests the relationship between TCZ environmental regulation policy and cleaner production technology innovation based on difference in difference (DID) model. Take regional R&D investment scale and pollution intensity as category variables and analyze the heterogeneity effect of TCZ environmental regulation policy on cleaner production technology innovation based on difference-in-difference-in-difference (DDD) model.

Findings

TCZ environmental regulation policy effectively promotes China's cleaner production technology innovation, but it is more conducive to cleaner production technology innovation in heavy pollution areas. With the increasing of R&D investment scale, the positive effect of TCZ environmental regulation policy on cleaner production technology innovation is stronger.

Research limitations/implications

On the basis of this study, the authors should further explore the regulatory factors of the relationship between TCZ environmental regulation policy and cleaner production technology innovation and further expand the research object, so as to make the research conclusions more practical and instructive.

Originality/value

This paper tests the impact of TCZ environmental regulation policy on cleaner production technology innovation based on the prefecture city level data and DID model, and it handles the endogenous problem caused by the missing variables and provides the accurate conclusions. Moreover, this paper examines the heterogeneity effect of TCZ environmental regulation policy on cleaner production innovation from regional R&D investment scale and pollution intensity two hands and expands the existing theoretical research.

Details

Management of Environmental Quality: An International Journal, vol. 32 no. 4
Type: Research Article
ISSN: 1477-7835

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Article
Publication date: 6 November 2019

Jian Mou, Jason Cohen, Yongxiang Dou and Bo Zhang

The purpose of this paper is to develop and test a model of the uncertainties and benefits influencing the repurchase intentions of buyers in cross-border e-commerce (CBEC).

Abstract

Purpose

The purpose of this paper is to develop and test a model of the uncertainties and benefits influencing the repurchase intentions of buyers in cross-border e-commerce (CBEC).

Design/methodology/approach

The authors draw on the valence framework to hypothesize effects of positive valences (utilitarian benefits) along with negative valences (pre- and post-contractual uncertainties) on buyers’ repeat purchase intentions. Data were collected using an online survey from 378 international B2C buyers on a CBEC platform in China.

Findings

Results explain 51.4 percent of the variance and reveal that overall value, as determined by monetary saving, convenience and product offerings as positive valences, exerts the strongest effect on repeat purchase intention. However, negative valences remain significant, and are particularly salient for female shoppers.

Research limitations/implications

The authors extend the valence theory into the study of repeat purchase behavior and contribute to much needed literature on why consumers return to repurchase from a CBEC platform.

Practical implications

Repeat purchase and loyalty of online consumers is essential for success of e-commerce providers. The results help online providers competing in international markets understand how buyers form repurchase intentions based on their evaluations of both value and uncertainty.

Originality/value

Buyer behavior in CBEC has received relatively less attention than domestic e-commerce. This paper is among the first to examine how both positive and negative valences combine to effect repurchase intention of international buyers in CBEC.

Details

Internet Research, vol. 30 no. 2
Type: Research Article
ISSN: 1066-2243

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Book part
Publication date: 26 August 2019

Suhaimi Mhd Sarif, Ainul Jaria Maidin, Jamaludin Ibrahim and Abdul Rahman Ahmad Dahlan

Dynamism of digital economy requires innovation in the mobile payment system to provide for the free flow of information to facilitate electronic transactions. However…

Abstract

Dynamism of digital economy requires innovation in the mobile payment system to provide for the free flow of information to facilitate electronic transactions. However, regulations and standards were introduced at the global and country levels to impose limitations on mobile payment system to protect consumers’ interests. The Malaysian government introduced the Anti-money Laundering, Anti-terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613) (AMLA) to protect the people from being involved in offences both locally and internationally and an unlawful activity carried out physically or by using virtual mechanisms. It is argued in this study that AMLA has hindered the innovation of the digital economic system that is promoted by the government in line with global developments. The research method adopted is personal interview with selected respondents to gather their views on the challenges posed by the restrictions imposed by AMLA that has had the impact of limiting innovations in the mobile payment system sector.

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Emerging Issues in Islamic Finance Law and Practice in Malaysia
Type: Book
ISBN: 978-1-78973-546-8

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Article
Publication date: 3 June 2019

Chen Zheng (Jerry) and Henry Tsai

This study aims to empirically examine the relationship between industrial diversification and firm performance and the moderating effects exerted on that relationship by…

Abstract

Purpose

This study aims to empirically examine the relationship between industrial diversification and firm performance and the moderating effects exerted on that relationship by board size and family representation on the board.

Design/methodology/approach

Secondary financial data were collected for hotel firms listed on the Hong Kong Stock Exchange during the period 2005-2016. Subsequently, a bivariate correlation and a fixed-effects panel regression analysis were performed on the data.

Findings

The empirical results showed that diversification positively influenced firm performance until firms reached an optimal level of diversification (0.34); beyond that level, the effect was negative. In addition, firms with a larger board tended to show better performance when the level of diversification increased from medium to high, and firms with lower family representation on the board tended to exhibit better performance when the level of diversification increased from low to medium.

Practical implications

Theoretical and managerial implications are suggested in terms of balancing the size of a firm’s board and with regard to family representation on a board from the perspectives of resource dependence theory (RDT) and socioemotional wealth (SEW), the diversification of hotel firms and future research.

Originality/value

A limited number of studies have considered diversification as a corporate-level strategy in the hospitality field and in the unique context in which a service-oriented economy is dominant, such as in Hong Kong. The role of board composition on the diversification–performance relation has rarely been investigated theoretically and empirically. Apart from providing managerial implications for corporate governance, this study also offers theoretical generalizability, from the perspectives of RDT and SEW, to examine the moderating roles of board size and family representation on the diversification–firm performance relation.

Details

International Journal of Contemporary Hospitality Management, vol. 31 no. 8
Type: Research Article
ISSN: 0959-6119

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Article
Publication date: 15 June 2021

Tingting Zhang, Desheng Wei, Zhifeng Liu and Xihao Wu

This paper studies the effects of lottery preference on stock market participation at the macro level.

Abstract

Purpose

This paper studies the effects of lottery preference on stock market participation at the macro level.

Design/methodology/approach

The authors use the abnormal search volume intensity for lottery-related keywords from the Baidu search engine to capture retail investors' lottery preference. To measure stock market participation, they use five different macro-level measures from various angles. They perform the time series regression analysis in their empirical study.

Findings

First, the validation tests show that the lottery preference index in this study is reasonable. Further, the authors find that lottery preference increases people's propensity to enter and trade in the stock market. Besides, they find that the effect on trading behavior is asymmetric, that is, high lottery preference has a more significant impact on trading behavior than low lottery preference. However, lottery preference has no significant effect on the stockholding.

Originality/value

This paper contributes to the growing literature that examines the determinants of stock market participation and the role of lottery/gambling preference in the financial market. It also provides direct and novel evidence for Statman's (2002) conclusions about the similarity of lottery players and stock traders.

Details

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

Keywords

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Article
Publication date: 28 April 2020

Liping Qian, Yiyao Wang and Pianpian Yang

This paper aims to examine the effectiveness of control mechanisms in promoting collaborative performance by exploring the moderating effects of formal institutions…

Abstract

Purpose

This paper aims to examine the effectiveness of control mechanisms in promoting collaborative performance by exploring the moderating effects of formal institutions (government support and legal enforcement in this study) and informal ties (business ties in this study) on the relationship between control mechanisms and collaborative performance.

Design/methodology/approach

A conceptual model is developed with the direct effects of contractual execution and relational norms on collaborative performance and the moderating effects of government support, legal enforcement and business ties on the above relationships. Hierarchical regression analysis is used to test the hypotheses based on 393 responses from Chinese computer and computer components distributors.

Findings

The empirical results generally support the conceptual model. First, consistent with most previous studies, both contractual execution and relational norms contribute to collaborative performance. Second, government support and business ties weaken the role of contractual execution, whereas legal enforcement strengthens it. Third, business ties enhance the effects of relational norms, and, unexpectedly, government support also fosters the relationship between relational norms and collaborative performance.

Originality/value

First, this study solves the problem of conflicting findings on the relationship between contract and performance by examining the effect of contractual execution, rather than contract design, on collaborative performance. Second, this study contributes to institutional theory by examining the moderating role of formal institutions. Third, this study deepens the understanding of the role of business ties by exploring its moderating effect on the relationship between control mechanisms and collaborative performance.

Details

Journal of Business & Industrial Marketing, vol. 35 no. 11
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 22 April 2020

Libin Yang, Dong Wang, Hong Gao, Hui Cao, Yuzhen Zhao, Zongcheng Miao, Zhou Yang and Wanli He

This study aims to develop a new kind of functional low molecular weight organic dyes, which is highly efficient, meanwhile inexpensive and easily prepared and modified…

Abstract

Purpose

This study aims to develop a new kind of functional low molecular weight organic dyes, which is highly efficient, meanwhile inexpensive and easily prepared and modified and can be used in photoacoustic (PA) imaging and photothermal therapy (PTT). To further realize the release of molecules under the biomedical condition, the releasing efficiency of micellar nanoparticles under different stimuli were represented.

Design/methodology/approach

A class of azo and Schiff base derivatives with different click reagents were characterized by PA imaging and photothermal (PT) experiments. The molecule with best PT effect was loaded into a temperature-stimuli-sensitive amphiphilic block copolymer which demonstrated the capability of releasing the polymers under the near-infrared (NIR) light of 650 nm.

Findings

The PA and PT effects of a series of azo and Schiff base derivatives with different click reagents were characterized. Introducing the click reagent F4-TCNQ can result in red shift of peaks of PA intensity. Stimulated with 650 nm laser irradiation, the polymer processed higher release rate than being stimulated by temperature stimuli.

Practical implications

This paper not only guides the design of NIR dyes with good PA intensity but also provides a method which has great potential for the application of NIR photothermal dyes in the field of biotechnology for controlled release.

Originality/value

This paper uses click reagents to modify azo and Schiff derivatives and an amphiphilic block copolymer under NIR light to realize controlled release.

Details

Pigment & Resin Technology, vol. 49 no. 4
Type: Research Article
ISSN: 0369-9420

Keywords

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Article
Publication date: 5 February 2021

Ying Zhang, Xing Lu and Wikrom Prombutr

The authors investigate the extent to which online talk can influence contemporaneous and future stock trading, especially when market news is unpresented.

Abstract

Purpose

The authors investigate the extent to which online talk can influence contemporaneous and future stock trading, especially when market news is unpresented.

Design/methodology/approach

The authors propose an improved sentiment formula incorporating online hype, neutral sentiment and poster reputation. In addition, they conduct event study, OLS regression analyses and probit models.

Findings

First, investors tend to be more talkative in relation to firms that are (1) smaller size, (2) more growth-like, (3) with lower prices and higher short interests and (4) of higher beta. Second, the bullish tone of investors positively affects the abnormal returns of small-capitalization stocks. However, online talk has little impact on large-capitalization stocks, except that more postings boost trading liquidity. Third, online talk predicts the presence of future news regardless of firm size, with stronger predictive power found for small-capitalization stocks.

Practical implications

It is of interest to practitioners and researchers to study online talk so as to better understand the trading psychology of retail investors and the effects on the stock market. Furthermore, policymakers are interested in tracking activities on stock message boards in order to prevent security fraud and protect investors' interests.

Originality/value

The results are robust and suggest that online talk has significant impacts on stock trading exploiting an information asymmetry. This study of stock message board posting activities helps researchers to understand whether message contents contain valuable and unique content compared with information available via more traditional media channels.

Details

Review of Behavioral Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1940-5979

Keywords

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Book part
Publication date: 14 December 2018

Jin-Li Hu, Yang Li, Hsin-Jing Tung and Jui-Ting Feng

The Association of Southeast Asian Nations (ASEAN) members want to efficiently promote the flow of commodities and personnel within its service areas under given limited…

Abstract

The Association of Southeast Asian Nations (ASEAN) members want to efficiently promote the flow of commodities and personnel within its service areas under given limited resources. Based on panel data from 2007 to 2014, this study applies the output-oriented data envelopment analysis method and focuses on the disaggregated output efficiencies of 42 ASEAN airports. Results show that the international airports of ASEAN members have significantly better output efficiency for passenger and movement output than regional airports. This work provides a relatively fair perspective in evaluating ASEAN’s airport operating efficiency. It helps policymakers measure the frontier forward or backward shift of an airport over the research period, in order to reveal the characteristics of airport efficiency and to present a new interpretation along with managerial implications.

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