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Article
Publication date: 19 July 2011

Po Keung Ip

This paper aims to examine whether and to what extent the practical wisdom contained in classical Confucianism can provide conceptual and ethical resources for ethical…

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Abstract

Purpose

This paper aims to examine whether and to what extent the practical wisdom contained in classical Confucianism can provide conceptual and ethical resources for ethical leadership for Chinese companies in the twenty‐first century. The objectives of the paper are: to reconstruct the core elements of Confucianism; to account some major issues confronting corporate China; to identify the attributes of the Confucian ethical leadership through those of Junzi against such a backdrop; to identify some major challenges for Junzi leadership in today's business environment in China; and to consider some implications of this analysis for management development and management education.

Design/methodology/approach

The paper adopts a normative analysis.

Findings

A critical articulation of the concept of ethical leadership based on the Confucian notion of Junzi is presented, and the concept is examined against the context of problems confronting business in China. The challenges for Confucian ethical leadership are identified in the conclusion.

Research limitations/implications

The paper presents a critical reference for managers who adopt or intend to adopt Confucian ideas in management.

Social implications

The paper provides a critical reference for those in society who assume leadership positions to learn about Chinese ethical leadership.

Originality/value

Few works in the literature have made the connection between Confucian ethical leadership and the Chinese corporate context with a critical approach and rigorous analysis to help reveal the inherent challenges.

Details

Journal of Management Development, vol. 30 no. 7/8
Type: Research Article
ISSN: 0262-1711

Keywords

Article
Publication date: 19 July 2011

Mike Thompson

The purpose of this paper is to explore the extent to which Chinese classical virtues act as a restraint on consumerist hedonic values and the associated priority on…

2332

Abstract

Purpose

The purpose of this paper is to explore the extent to which Chinese classical virtues act as a restraint on consumerist hedonic values and the associated priority on profit maximisation by managers.

Design/methodology/approach

The paper is based on a literature review and adopts a reflective approach to the topic.

Findings

The paper considers how Chinese classical virtues are related to contemporary relational or indigenous values and how a social tension is created between these values and the hedonic values now present in Chinese urban society. Implications for management and management education are reviewed in the light of this tension.

Practical implications

The social unrest created by the privatisation of SOEs can be mitigated by the promotion of management education sensitised to the cultural norms and expectations of the Chinese people in relation to the role and responsibilities of managers. The Junzi (gentleman‐leader) archetype and the virtues of ren‐yili are offered as exemplary features of a management seeking to balance social responsibility with profitability.

Originality/value

The paper highlights the social turbulence created by the advent of market economics in China and the concomitant rise of consumerism and the privatisation of state‐owned enterprises.

Details

Journal of Management Development, vol. 30 no. 7/8
Type: Research Article
ISSN: 0262-1711

Keywords

Article
Publication date: 6 September 2021

Guangyuan Xing, Yi Li, Haixu Bao, Guoxing Zhang and Zhenguo Li

Public crisis often generates new knowledge that should be incorporated into a government’s macro-control to ensure the relief supply. From the perspective of public…

Abstract

Purpose

Public crisis often generates new knowledge that should be incorporated into a government’s macro-control to ensure the relief supply. From the perspective of public crisis knowledge management, the Chinese system of Government relief supplies can be considered as a special case of the knowledge system. This paper aims to investigate the supply and production mechanism of relief goods and explore the advantages of the Chinese system when a sudden public crisis occurs.

Design/methodology/approach

Under the Chinese system, the authors construct a relief supply chain model consisting of the Chinese Government, one manufacturer and one supplier, where the supplier has no capital constraints. Given the demand for relief goods, the government purchases from the manufacturer with a guide price. Then, the manufacturer decides on its order quantity and offers a wholesale price to the supplier. The supplier has a random capacity and decides on the level of knowledge acquisition to improve its capacity.

Findings

The authors first obtain the analytical solution for the manufacturer to motivate a high level of knowledge acquisition from the supplier. Specifically, the manufacturer’s optimal order quantity is equal to the demand and the optimal wholesale price has a cost-plus form that reimburses the supplier for its production cost and knowledge-acquisition cost. Next, the authors derive the optimal guide price for the government, which should be set to subsidize the manufacturer with a proportion of the sourcing cost. Finally, the authors compare the Chinese system with the market mechanism where the supplier has capital constraints and confirm that the Chinese system is more beneficial to both the manufacturer and the government.

Originality/value

Quantitative research on the Chinese system of Government relief supplies is difficult to be conducted. This paper provides feasible and practical methods to quantify the benefits of the Chinese system. The results reveal that the Chinese system is an effective mechanism of public crisis knowledge management, which can be helpful to the government’s policy-making in practice.

Details

Journal of Knowledge Management, vol. 26 no. 5
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 8 August 2016

Ke Wang, Yujiao Xian, Jieming Zhang, Yi Li and Linan Che

This study aims to provide an estimation of carbon dioxide (CO2) emission abatement costs in China’s industry sector during the period of 2006-2010, and additionally…

1314

Abstract

Purpose

This study aims to provide an estimation of carbon dioxide (CO2) emission abatement costs in China’s industry sector during the period of 2006-2010, and additionally provide an ex-post estimation of CO2 abatement cost savings that would be realized if carbon emission permits trading among different industry sectors of 30 provinces in China during the same period were allowed, to answer the question that whether the industrial carbon emission abatement cost can (partially) be recovered from carbon emission trading in China.

Design/methodology/approach

The joint production framework associated with the environmental technology is utilized for formulating the models for estimating abatement costs and simulating emission permits trading scheme. Several data envelopment analysis-based models that could deal with both the desirable and undesirable outputs within the above framework are utilized for abatement cost saving estimation. The weak disposability assumption and variable returns to scale assumption are applied in the modelling.

Findings

In China’s industry sector, during 2006-2010, the estimated CO2 emission abatement cost was 1,842 billion yuan, which accounts for 2.45 per cent of China’s total industrial output value; the emission abatement cost saving from emission permits trading would be 315 billion yuan, which accounts for 17.12 per cent of the emission opportunity abatement cost; and additional 1,065.95 million tonnes of CO2 emission reductions would be realized from emission permits trading, and this accounts for 4.75 per cent of the total industrial CO2 emissions.

Research limitations/implications

The estimation is implemented at the regional level, i.e. the emission permits trading subjects are the whole industry sectors in different Chinese provinces, because of the data limitation in this study. Further estimation could be implemented at the enterprise level to provide a deeper insight into the abatement cost recovery from emission permits trading.

Practical implications

The estimation models and calculation process introduced in this study could be applied for evaluating the efficiency and effectiveness of pollutant emission permits trading schemes from the perspective that whether these market-based abatement policy instruments help to realize the potential abatement cost savings.

Originality/value

To the best of the authors’ knowledge, no study has provided the estimation of CO2 emission abatement cost and the estimation of CO2 abatement cost saving effect from emission permits trading for China’s industry sector. This study provides the first attempt to fill this research gap.

Details

Journal of Modelling in Management, vol. 11 no. 3
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 2 December 2022

Yiming Lu, Yi-Na Li and Jiuchang Wei

Online knowledge communities have emerged as crucial places for knowledge and risk management in the face of systemic risks. The vitality of online knowledge communities…

Abstract

Purpose

Online knowledge communities have emerged as crucial places for knowledge and risk management in the face of systemic risks. The vitality of online knowledge communities requires users’ active engagement. This research paper aims to explore how text complex level and text analytic level as effective risk knowledge design leverages encourage users’ engagement under different “riskification” levels.

Design/methodology/approach

This paper performs linguistic analysis on 210 TED talk transcripts and 38,377 comments from 2002 to 2018. The authors construct the variable of text complex level and conduct ordinary least squares regressions to test the relationships among text complex level, text analytic level and user engagement under different levels of “riskification” in the online knowledge community.

Findings

High text complex level decreases engagement, while high text analytic level increases engagement. A high level of “riskification” exaggerates the negative effect of text complex level but diminishes the positive effect of the text analytic level.

Originality/value

This research advances knowledge management by highlighting users’ engagement and responding to shared risk knowledge from a different perspective than knowledge supply. The focus on risk communication in online knowledge communities broadens the scope of knowledge management literature beyond the confines of organizations. To the best of the authors’ knowledge, this research is among the first studies to propose risk knowledge design approaches for communicating systemic risks.

Details

Journal of Knowledge Management, vol. 27 no. 1
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 21 April 2022

Na Li, Rita Yi Man Li and Jotikasthira Nuttapong

This paper aims to explore the factors that affect housing prices as per Chinese articles indexed in the Chinese Science Citation Database (CSCD). There were different…

Abstract

Purpose

This paper aims to explore the factors that affect housing prices as per Chinese articles indexed in the Chinese Science Citation Database (CSCD). There were different foci regarding what drove housing prices in China in Chinese articles, and international journal articles in English. As most previous English articles only threw light on international research, it motivated the researchers to systematically review Chinese literature’s factors that affected housing prices in China.

Design/methodology/approach

This paper reviewed housing price research articles indexed in the two largest Chinese academic research databases: the CSCD and China Knowledge Infrastructure Engineering Database (CNKI.NET). It systematically collected the data and adopted descriptive analysis techniques and synthesis.

Findings

This research reviewed the literature published from 2015 to 2020 and revealed some unique factors affecting China's housing prices. For example, research focused on administrative aspects such as macroeconomic regulation and control (often known as macro control). Authors of Chinese articles suggested that the two-child policy affected housing prices, which differed from that in the English journal articles. The research results implied that researchers should read top Chinese journals on top of good international journals when they study China's real estate market in the future.

Research limitations/implications

Because the domestic real estate market started late, domestic real estate transaction data and real estate-related statistics are more difficult to obtain. The research is mostly based on the relationship between supply and demand, government policy and individual consumer factors, and the sample has a short time span.

Practical implications

As China is a planned economy country, administrative factors are one main factor that affects the housing price. There were a significant number of articles in Chinese that considered this factor to be the main driver of the real estate price. It included government investment and macro-control, i.e. direct government intervention to cool down the overheated economy. Yet, there are few English articles that threw light on this factor including the commodity housing supply and government behaviour that affect housing price. The second-child policy, which is unique in China, also played an important role in the determination of the housing price. In the articles indexed in CNKI, the second-child rate, willingness to have a second child or having a second child were mentioned in the Chinese articles but not the English ones.

Social implications

In this paper, the economic, social, administrative and environmental factors were summarised, which basically covered all the factors affecting housing prices. The administrative factors were a special group of factors that affect the housing price because of the country's planned economic system. Secondly, it provided useful information to real estate development enterprises in China. To make a correct investment and management decision, real estate development enterprises must understand the actual situation and possible problems of the industry. In this study, we analysed the research literature on the real estate industry in China for the period from 2015 to 2020 one by one and determined the influencing factors of the housing price, which provided references for effective cost control. Thirdly, it allows the public to understand and grasp the real estate industry. As the housing price has been continuously increasing, the public pays increasing attention to the real estate industry. Through the literature analysis of the impact of real estate prices, this paper revealed the elements of house price expenses, which makes it convenient for ordinary people to understand the real estate industry.

Originality/value

This study allows foreigners who do not know Chinese to know more about factors that drove housing prices from the Chinese perspective. It also provides insights to overseas developers who wish to enter the property market in China. The results can be generalised to other non-English-speaking real estate research.

Details

Property Management, vol. 40 no. 5
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 19 July 2022

Yi Li, Nelson Oly Ndubisi, Jinpeng Xu and Gang Li

From the dedication–constraint perspective, this study aims to complement ongoing discussions on the effects of switching costs on performance and explain the role of…

Abstract

Purpose

From the dedication–constraint perspective, this study aims to complement ongoing discussions on the effects of switching costs on performance and explain the role of customer involvement and relationship quality in the relationship between switching costs and performance.

Design/methodology/approach

After collecting data from Chinese manufacturing firms, the authors employed structural equation modeling to test their theoretical model incorporating switching costs, new product development performance, relationship quality and customer involvement.

Findings

The findings show that switching costs negatively affect three dimensions of new product development performance covering new product development market performance, new product development speed, new product development cost. More importantly, relationship quality positively moderates the relationship between switching costs and new product development performance, while customer involvement takes positive moderation effects.

Originality/value

These conclusions contribute to the knowledge of switching costs and supplier–customer relationship, and provide theoretical contributions and managerial insights for both academics and practitioners.

Details

Management Decision, vol. 60 no. 9
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 2 March 2020

Yan Song, Xin Yun Li, Yi Li and Xianpei Hong

The purpose of this paper is to establish a deterministic equivalent income model (DEIM) based on the risk cost (RC) and risk aversion of investors. The model fully…

Abstract

Purpose

The purpose of this paper is to establish a deterministic equivalent income model (DEIM) based on the risk cost (RC) and risk aversion of investors. The model fully considers both subjective and objective factors that affect risk investment and reasonably evaluates risk investment schemes to choose the correct investment scheme and gain greater investment returns.

Design/methodology/approach

The utility function is used to measure the extent to which an investor is satisfied by investment returns in various scenarios. Risk aversion expresses subjective attitude of investors to risk. RC represents risk loss in currency. This methodology is based on risk aversion function, utility function and RC theory to establish DEIM.

Findings

This study shows that investors with different risk preferences have different certainty equivalent returns (CER), so their choices of investment options change accordingly.

Practical implications

In this paper, the authors use DEIM to test an investment case and conclude that the CER and investment scheme both change with different risk preferences. At the same time, case analysis shows that DEIM is reasonable and stable when evaluating risk investment schemes.

Originality/value

In this study, the authors innovate by introducing both the RC and risk aversion degree into risk investment schemes evaluation and by deriving a utility function from the absolute risk aversion function to build a utility decision matrix and establish DEIM. The model combines the subjective and objective factors that influence risk investment decisions.

Details

Kybernetes, vol. 50 no. 2
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 13 November 2017

Dawit Zenebe Segu and Pyung Hwang

This study aims to compare the friction and wear behaviors of Fe68.3C6.9Si2.5 B6.7P8.8Cr2.2Al2.1Mo2.5 bulk metallic glass (BMG) under sliding using dry, deionized…

Abstract

Purpose

This study aims to compare the friction and wear behaviors of Fe68.3C6.9Si2.5 B6.7P8.8Cr2.2Al2.1Mo2.5 bulk metallic glass (BMG) under sliding using dry, deionized water-lubricated and oil-lubricated conditions. The comparison was performed using a unidirectional ball-on-flat tribometer under different applied loads, and the results were compared to the properties of a conventional material, SUJ2. Fe-based BMG materials have recently been attracting a great deal of attention for prospective engineering applications.

Design/methodology/approach

As a part of the development of Fe-based BMGs that can be cost-effectively produced in large quantities, an Fe-based BMG Fe68.8C7.0Si3.5B5.0P9.6 Cr2.1Mo2.0Al2.0 with high glass forming ability was fabricated. In the present study, the friction and wear properties of Fe-based BMG has been comparatively evaluated under dry sliding, deionized water- and oil-lubricated conditions using a unidirectional ball-on-flat tribometer under different applied loads, and the results were compared to the properties of conventional material SUJ2.

Findings

The results show that the Fe-based BMG had better friction performance than the conventional material. Both the friction coefficient and wear mass loss increased with increasing load. The sliding wear mechanism of the BMG changed with the sliding conditions. Under dry sliding conditions, the wear scar of the Fe-based BMG was characterized by abrasive wear, plastic deformation, micro-cracks and peeling-off wear. Under water- and oil-lubricated conditions, the wear scar was mainly characterized by abrasive wear and micro-cutting.

Originality/value

In this investigation, the authors developed a new BMG alloy Fe68.8C7.0Si3.5B5.0P9.6Cr2.1Mo2.0Al2.0 to improve the friction and wear performance under dry sliding, deionized water- and oil- lubricated conditions.

Details

Industrial Lubrication and Tribology, vol. 69 no. 6
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 22 September 2022

Na Li and Rita Yi Man Li

This paper aims to provide a comprehensive bibliometric study of housing prices according to the articles collected by the Web of Science (WOS).

Abstract

Purpose

This paper aims to provide a comprehensive bibliometric study of housing prices according to the articles collected by the Web of Science (WOS).

Design/methodology/approach

This paper studies 4,125 research papers on housing prices in the core collection database of WOS. Using VOSviewer, this paper makes a bibliometric and visual analysis of the housing prices research from 1960 to 2020 and probes into the housing prices research from five aspects: time, international cooperation, institutions author cooperation and research focuses.

Findings

Keywords such as influencing factors of housing prices, analysis of supply and demand, policy and housing prices and regional cities appear frequently, which indicates the main direction of housing price research literature. Recent common keywords include regression analysis and house price forecast. Countries, like the USA started early in the study of housing prices, and the means and methods in the field of housing price research are mature, leading the forefront of housing price research. Compared with the USA and other Western developed countries, the housing price research in developing countries needs to use innovative research methods and put more effort on sustainability. Research shows that housing price is closely related to economy, and keyword cluster analysis shows that gross domestic product, interest rate, currency and other keywords related to economy are of high-frequency.

Research limitations/implications

This paper only uses articles from one database (WOS), which does not represent all research papers published worldwide. Some studies have been published for a long time, and the reference value to the research focuses and future research might be limited. There are many kinds of journals included in the study with different publishing frequencies, time ranges and numbers of papers. These may have some influence on the research results.

Originality/value

The main theoretical contribution of this paper is to supplement the current academic research on housing prices. This paper reveals the key points of housing prices research and possible research problems that need attention. We can know from the future research direction and practice which can offer insights for future innovative direction.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

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