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Article
Publication date: 7 December 2018

Yi Luo and Yirong Huang

The purpose of this paper is to explore whether stock index volatility series exhibit real long memory.

Abstract

Purpose

The purpose of this paper is to explore whether stock index volatility series exhibit real long memory.

Design/methodology/approach

The authors employ sequential procedure to test structural break in volatility series, and use DFA and 2ELW to estimate long memory parameter for the whole samples and subsamples, and further apply adaptive FIGARCH (AFIGARCH) to describe long memory and structural break.

Findings

The empirical results show that stock index volatility series are characterized by long memory and structural break, and therefore it is appropriate to use AFIGARCH to model stock index volatility process.

Originality/value

This study empirically investigates the properties of long memory and structural break in stock index volatility series. The conclusion has a certain reference value for understanding the properties of long memory and structural break in volatility series for academic researchers, market participants and policy makers, and for modeling and forecasting future volatility, testing market efficiency, pricing financial assets, constructing quantitative investment strategy and measuring market risk.

Details

China Finance Review International, vol. 9 no. 3
Type: Research Article
ISSN: 2044-1398

Keywords

Content available
Article
Publication date: 16 August 2019

Xu Zheng and Stan Hurn

430

Abstract

Details

China Finance Review International, vol. 9 no. 3
Type: Research Article
ISSN: 2044-1398

Article
Publication date: 5 April 2024

Yirong Gao, Xiaolin Wang and Dongsheng Li

This study aims to explore the relationship between the degree of state-owned enterprises’ (SOEs) mixed reform and the environmental response of enterprises, against the…

Abstract

Purpose

This study aims to explore the relationship between the degree of state-owned enterprises’ (SOEs) mixed reform and the environmental response of enterprises, against the background of actively promoting the reform of mixed ownership in China.

Design/methodology/approach

The study is conducted on a sample of A-share listed manufacturing companies in Shanghai and Shenzhen of China, investigated for the period 2015 to 2020. The baseline regression results are robust to a series of robustness and endogeneity tests. To deal with the issue of endogeneity, the technique of instrumental variable method has been applied.

Findings

The study confirms the U-shaped effect of the depth and restriction of mixed ownership on SOEs’ environmentally responsive behaviour in the manufacturing industry, especially for lower environmental regulation and higher level of risk-taking firms. The findings indicate that the government, shareholders and other stakeholders of enterprises should not simply consider that the mixed reform is directly promoting or reducing the environmental response behaviour of enterprises.

Practical implications

SOEs should improve their shareholding structures to undermine performance enhancement at the expense of the environment and increase environmentally beneficial behaviours. Regulators and governments should improve the institutional mechanism of environmental regulation and make efforts to promote corporate awareness of the environment.

Social implications

Although the adoption and implementation of environmentally friendly policies are costly, improved environmental response and other social responsibilities are helpful to corporate long-term growth and reputation and obtain more capital market attention. Therefore, firms would benefit from improving their environmental response to protect nature, as well as to enjoy the economic and social benefits of a better environmental response.

Originality/value

To the best of the authors’ knowledge, there is a lack of studies focussing on the environmental behaviour of SOEs of mixed reform. As the mixed reform in China has come to a climax phase in recent several years, SOEs of mixed reform is an ideal environment for research. The study focusses on manufacturing firms as these firms are more susceptible to contribute to environmental pollution, exploitation of natural resources and labour concerns.

Details

Sustainability Accounting, Management and Policy Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8021

Keywords

Article
Publication date: 12 January 2021

Xiaojun Zhan, Wenhao Luo, Hanyu Ding, Yanghao Zhu and Yirong Guo

Prior studies have mainly attributed customer incivility to dispositional characteristics, whereas little attention has been paid to exploring service employees' role in…

Abstract

Purpose

Prior studies have mainly attributed customer incivility to dispositional characteristics, whereas little attention has been paid to exploring service employees' role in triggering or reducing customer incivility. The purpose of the present study is to propose and test a model in which service employees' emotional labor strategies affect customer incivility via influencing customers' self-esteem threat, as well as examine the moderating role of customer's perception of service climate.

Design/methodology/approach

Based on a matched sample consisting of 317 employee-customer dyads in China, multiple regression analysis and indirect effect tests were employed to test our model.

Findings

The study shows that employee surface acting is positively related to customer incivility, whereas deep acting is negatively associated with customer incivility. Moreover, customer self-esteem threat mediates the relationship between both types of emotional labor and customer incivility. Customer perception of service climate moderates the relationship between deep acting and customer self-esteem threat.

Originality/value

The current research broadens the antecedents of customer incivility from the employee perspective and sheds more light on the role of customer self-esteem in the interactions between employees and customers. It also demonstrates a complementary relationship between service climate and individual employees' emotional labor strategies, thereby expanding the existing understanding of the management of employees' emotional labor.

Details

Journal of Service Theory and Practice, vol. 31 no. 3
Type: Research Article
ISSN: 2055-6225

Keywords

Article
Publication date: 9 April 2018

Hoejin Kim, Yirong Lin and Tzu-Liang Bill Tseng

The usage of additive manufacturing (AM) technology in industries has reached up to 50 per cent as prototype or end-product. However, for AM products to be directly used as final…

4769

Abstract

Purpose

The usage of additive manufacturing (AM) technology in industries has reached up to 50 per cent as prototype or end-product. However, for AM products to be directly used as final products, AM product should be produced through advanced quality control process, which has a capability to be able to prove and reach their desire repeatability, reproducibility, reliability and preciseness. Therefore, there is a need to review quality-related research in terms of AM technology and guide AM industry in the future direction of AM development.

Design/methodology/approach

This paper overviews research progress regarding the QC in AM technology. The focus of the study is on manufacturing quality issues and needs that are to be developed and optimized, and further suggests ideas and directions toward the quality improvement for future AM technology. This paper is organized as follows. Section 2 starts by conducting a comprehensive review of the literature studies on progress of quality control, issues and challenges regarding quality improvement in seven different AM techniques. Next, Section 3 provides classification of the research findings, and lastly, Section 4 discusses the challenges and future trends.

Findings

This paper presents a review on quality control in seven different techniques in AM technology and provides detailed discussions in each quality process stage. Most of the AM techniques have a trend using in-situ sensors and cameras to acquire process data for real-time monitoring and quality analysis. Procedures such as extrusion-based processes (EBP) have further advanced in data analytics and predictive algorithms-based research regarding mechanical properties and optimal printing parameters. Moreover, compared to others, the material jetting progresses technique has advanced in a system integrated with closed-feedback loop, machine vision and image processing to minimize quality issues during printing process.

Research limitations/implications

This paper is limited to reviewing of only seven techniques of AM technology, which includes photopolymer vat processes, material jetting processes, binder jetting processes, extrusion-based processes, powder bed fusion processes, directed energy deposition processes and sheet lamination processes. This paper would impact on the improvement of quality control in AM industries such as industrial, automotive, medical, aerospace and military production.

Originality/value

Additive manufacturing technology, in terms of quality control has yet to be reviewed.

Article
Publication date: 18 May 2021

Anabel Renteria, Luisa F. Garcia, Jorge A. Diaz, Luis C. Delfin, Jaime E. Regis, Elizabeth I. Reza, David Espalin, Tzu-Liang Bill Tseng and Yirong Lin

The purpose of this study is to evaluate different 3D structures for humidity sensing that will enable the fabrication of complex geometries with high moisture sensitivity.

Abstract

Purpose

The purpose of this study is to evaluate different 3D structures for humidity sensing that will enable the fabrication of complex geometries with high moisture sensitivity.

Design/methodology/approach

Humidity sensors based on alumina ceramics were fabricated using direct ink write (DIW) technique. Different engineered surface area, polymer binder ratio and post-processing treatment were considered to increase moisture sensitivity.

Findings

It was found that the binder ratio plays an important role in controlling the rheology of the paste during printing and determining the pore size after post-processing treatment. The sensibility of the fabricated humidity sensor was investigated by measuring its capacitance response toward relative humidity (RH) varying from 40% to 90% RH at 25°C. It is shown that using 3D lattice design, printed alumina humidity sensor could improve sensitivity up to 31.6 pF/RH%, over an order of magnitude higher than solid alumina.

Originality/value

Most of the alumina humidity sensors available are films in nature because of manufacturing difficulties, which limited its potential of higher sensitivity, and thus broader applications. In this paper, a novel 3D alumina humidity sensor was fabricated using DIW 3D printing technology.

Details

Rapid Prototyping Journal, vol. 27 no. 4
Type: Research Article
ISSN: 1355-2546

Keywords

Article
Publication date: 11 December 2020

Hui Liu, Tinglong Tang, Jake Luo, Meng Zhao, Baole Zheng and Yirong Wu

This study aims to address the challenge of training a detection model for the robot to detect the abnormal samples in the industrial environment, while abnormal patterns are very…

Abstract

Purpose

This study aims to address the challenge of training a detection model for the robot to detect the abnormal samples in the industrial environment, while abnormal patterns are very rare under this condition.

Design/methodology/approach

The authors propose a new model with double encoder–decoder (DED) generative adversarial networks to detect anomalies when the model is trained without any abnormal patterns. The DED approach is used to map high-dimensional input images to a low-dimensional space, through which the latent variables are obtained. Minimizing the change in the latent variables during the training process helps the model learn the data distribution. Anomaly detection is achieved by calculating the distance between two low-dimensional vectors obtained from two encoders.

Findings

The proposed method has better accuracy and F1 score when compared with traditional anomaly detection models.

Originality/value

A new architecture with a DED pipeline is designed to capture the distribution of images in the training process so that anomalous samples are accurately identified. A new weight function is introduced to control the proportion of losses in the encoding reconstruction and adversarial phases to achieve better results. An anomaly detection model is proposed to achieve superior performance against prior state-of-the-art approaches.

Details

Industrial Robot: the international journal of robotics research and application, vol. 48 no. 5
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 6 November 2018

Carlos Alejandro Garcia Rosales, Hoejin Kim, Mario F. Garcia Duarte, Luis Chavez, Tzu-Liang Bill Tseng and Yirong Lin

Shape memory polymers (SMPs) are classified as smart materials owing to their inherent stimulus-induced response. SMPs are capable of recovering partially or totally to its…

Abstract

Purpose

Shape memory polymers (SMPs) are classified as smart materials owing to their inherent stimulus-induced response. SMPs are capable of recovering partially or totally to its original shape after a high degree of deformation by external stimulus. The most used stimuli are thermal, light, magnetic field and electricity. This research aims to characterize the toughness property of thermo-responsive SMP specimens fabricated by the material extrusion (ME) process and to investigate the impact of ME parameters on specimen maximum load and load-displacement curves. Moreover, to investigate the recovery efficiency based on the initial and post toughness generated by the compact tension test.

Design/methodology/approach

A design of experiments with three parameters (temperature, velocity and layer height) defined the ME settings to fabricate the specimens. The ME raster orientation factor was also evaluated separately. In addition, one more specimen group assisted by a clamp during the recovery process was compared with a specimen control group. After fabrication, specimens were submitted to a thermo-mechanical cycle that encompasses a compact tension test and a thermo-recovery process. Comparison studies of load-displacement, toughness and recovery efficiency of the specimens were carried out to determine the optimized fabrication parameters.

Findings

It was found that ME parameters and raster orientation impacted the test results. Samples with the clamp support during recovery returned a higher toughness than samples without support. Finally, results showed that the shape memory effect can contribute with up to 43 per cent recovery efficiency in a first recovery and up to 23 per cent in a second recovery of damaged specimens.

Originality/value

This paper is a reference for toughness and recovery properties of SMP parts produced by the ME fabrication process.

Details

Rapid Prototyping Journal, vol. 25 no. 1
Type: Research Article
ISSN: 1355-2546

Keywords

Article
Publication date: 18 October 2018

Carlos Alejandro Garcia Rosales, Hoejin Kim, Mario F. Garcia Duarte, Luis Chavez, Mariana Castañeda, Tzu-Liang Bill Tseng and Yirong Lin

Shape memory polymer (SMP) is capable of recovering its original shape from a high degree of deformation by applying an external stimulus such as thermal energy. This research…

Abstract

Purpose

Shape memory polymer (SMP) is capable of recovering its original shape from a high degree of deformation by applying an external stimulus such as thermal energy. This research presents an integration of two commercial SMP materials (DiAPLEX and Tecoflex) and a material extrusion (ME) printer to fabricate SMP parts and specimens. The material properties such as Young’s modulus of the specimens was examined as a process output. Furthermore, stress-strain curve, strain recovery, instant shape-fixity ratio, long-term shape-fixity ratio and recovery ratio of SMP specimens during a thermo-mechanical cycle were investigated.

Design/methodology/approach

The ME fabrication settings for the SMP specimens were defined by implementing a design of experiments with temperature, velocity and layer height as process variables.

Findings

It was found, according to main effect and iteration plots, that fabrication parameters have an impact on Young’s modulus and exist minimum iteration among variables. In addition, Young’s modulus variation of DiAPLEX and Tecoflex specimens was mostly caused by velocity and layer height parameters, respectively. Moreover, results showed that SMP specimens were able to recover high levels of deformation.

Originality/value

This paper is a reference for process control and for rheological properties of SMP parts produced by ME fabrication process.

Details

Rapid Prototyping Journal, vol. 25 no. 2
Type: Research Article
ISSN: 1355-2546

Keywords

Article
Publication date: 21 August 2008

Shiaw‐Wen Tien, Ting‐Ting Chang, Yi‐Chan Chung, Ching‐Piao Chen and Chih‐Hung Tsai

The 21st century is a new century of environmental protection. Environmental protection is one of the most important subject matters yet to come. Moreover, as the public pays more…

Abstract

The 21st century is a new century of environmental protection. Environmental protection is one of the most important subject matters yet to come. Moreover, as the public pays more attention to environmental problems, enterprises should increase their investment in environmental management. Therefore, determining the investment level for environmental management and allocating the investment to associated environmental management activities has become a major task. The principal and agent theory and sales response functions are used for analysis in this research. The allocation of capital investment in environmental management is found to have significant impact on the aggregate sales response, aggregate profit and investment level. Therefore, in preparing the budget for environmental management, enterprises should focus on investment allocation decisions, determine the investment level and allocation method using integrated means, and apply submarket data in the allocation decision‐making process. In other words, in setting the investment level, executive management should take managers’ willingness into consideration. In allocating capital investment, managers should identify the optimal allocation method based on submarket characteristics.

Details

Asian Journal on Quality, vol. 9 no. 2
Type: Research Article
ISSN: 1598-2688

Keywords

1 – 10 of 11