Search results

1 – 10 of 21
To view the access options for this content please click here
Article
Publication date: 1 March 2017

Yonghong Wu and Daniel W. Williams

This paper examines the determinants of success in seeking local government earmarked funding. We compile data of the aggregate amounts of the New York City Council…

Abstract

This paper examines the determinants of success in seeking local government earmarked funding. We compile data of the aggregate amounts of the New York City Council discretionary expense grants received or requested by each council district every year during 2011-2013. The statistical results show that the allocation of the expense grants are politically motivated with more earmark funds flowing to the districts council leaders and key committee chairpersons represent. Furthermore, constituents of key committee chairpersons are more successful in the earmarking process. Districts with larger African American population have lower success ratios possibly because they request significantly more earmarks. These empirical findings are consistent with anecdotal perceptions that earmarking is not substantially effective in meeting community need.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 29 no. 3
Type: Research Article
ISSN: 1096-3367

To view the access options for this content please click here
Article
Publication date: 1 March 2013

Martin J. Luby

The Chief Financial Officers Act and subsequent legislation require federal agencies to produce corporate-style financial statements. Arguments for financial statements…

Abstract

The Chief Financial Officers Act and subsequent legislation require federal agencies to produce corporate-style financial statements. Arguments for financial statements drew on private sector analogies and suggested policy makers and managers would use the information to make better public policy and management decisions and improve accountability for financial management and program performance. Nearly all major government agencies have unqualified audit opinions and improvements in financial management are claimed. But benefits for policy making and management are not yet well understood. This paper examines the question by comparison with the private sector and by examining what agencies say about the uses and users of financial statement information. The emerging challenge in the evolution of federal financial reporting is to develop better government-specific analytical tools and other financial information for policy makers and managers.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 25 no. 1
Type: Research Article
ISSN: 1096-3367

To view the access options for this content please click here
Article
Publication date: 12 March 2019

Shiquan Wang, Guoyin Shang and Shuang Zhang

Concerning that limited explanation exists examining the function of corporate governance in trust processing within entrepreneurial network development, the purpose of…

Abstract

Purpose

Concerning that limited explanation exists examining the function of corporate governance in trust processing within entrepreneurial network development, the purpose of this paper is to explore trust evolution and the role of corporate governance in an entrepreneurial network.

Design/methodology/approach

This paper makes an innovative exploration based on the case study of NVC Lighting Holding Limited.

Findings

It proposes that in the initial period of network relationship which is based on entrepreneur’s individual social network and embodies sole social network embeddness, entrepreneurial network relies more on affective trust than contractual trust. When stepping into extending period of network relationship which reflects separate embeddedness of social and market network, however, entrepreneurial network has an equal reliance on both affective trust and contractual trust. With further development, when ushering in the phase of maturity which undergoes superimposing embeddedness of both social and market network, entrepreneur network inclines to rely more heavily on affective trust than contractual trust. During the whole process, it can be found that the reliance of entrepreneurial network on trust has the tendency to transfer from affective trust to contractual trust. Furthermore, decreasing of equity ratio of founders and strengthening of controlling right heterogeneity in the corporate governance have facilitated the transfer process and the entrepreneurs’ authority has restraining effect on the evolution of the process.

Originality/value

Through case study, this paper presents the trust evolution process in different stages of entrepreneurial network. Another important theoretic contribution of this paper is that it reveals the function of corporate governance in trust processing within entrepreneurial network development.

Details

Chinese Management Studies, vol. 13 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

To view the access options for this content please click here
Article
Publication date: 9 November 2020

Yonghong Zhang, Shuhua Mao and Yuxiao Kang

With the massive use of fossil energy polluting the natural environment, clean energy has gradually become the focus of future energy development. The purpose of this…

Abstract

Purpose

With the massive use of fossil energy polluting the natural environment, clean energy has gradually become the focus of future energy development. The purpose of this article is to propose a new hybrid forecasting model to forecast the production and consumption of clean energy.

Design/methodology/approach

Firstly, the memory characteristics of the production and consumption of clean energy were analyzed by the rescaled range analysis (R/S) method. Secondly, the original series was decomposed into several components and residuals with different characteristics by the ensemble empirical mode decomposition (EEMD) algorithm, and the residuals were predicted by the fractional derivative grey Bernoulli model [FDGBM (p, 1)]. The other components were predicted using artificial intelligence (AI) models (least square support vector regression [LSSVR] and artificial neural network [ANN]). Finally, the fitting values of each part were added to get the predicted value of the original series.

Findings

This study found that clean energy had memory characteristics. The hybrid models EEMD–FDGBM (p, 1)–LSSVR and EEMD–FDGBM (p, 1)–ANN were significantly higher than other models in the prediction of clean energy production and consumption.

Originality/value

Consider that clean energy has complex nonlinear and memory characteristics. In this paper, the EEMD method combined the FDGBM (P, 1) and AI models to establish hybrid models to predict the consumption and output of clean energy.

Details

Grey Systems: Theory and Application, vol. 11 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

To view the access options for this content please click here
Article
Publication date: 7 September 2015

Yonghong Zuo, Ling Ma, Hailong Cai, Tianlong Wu and Xian Xin

The Chinese Government relies heavily on increasing farming scale to address the new challenges facing China’s agricultural development. A basket of polices targeted at…

Downloads
859

Abstract

Purpose

The Chinese Government relies heavily on increasing farming scale to address the new challenges facing China’s agricultural development. A basket of polices targeted at increasing farming scale has been issued in recent years thereby resulting to debates over large-scale farming in China. The purpose of this paper is to summarize and highlight the debate over China’s on-going large-scale farming.

Design/methodology/approach

This paper contributes to the policy debates over large-scale farming in China by reviewing the existing literature on the positive and negative impacts of large-scale farming on agricultural development, land productivity, and national food security. This paper overviews the different ideas and findings of studies associated with the topic.

Findings

The mainstream literature supports the idea that large-scale farming will address the challenges facing China’s agricultural development, while others argue that it crowds out the benefits of small farmers, and raises concerns over inequalities of resources allocation and income distribution, and undermines social stability. While proponents argue that large-scale farming may lead to rise in land productivity, opponents argue that it may result into decrease in land productivity and national grain output.

Originality/value

This paper is a policy review based on existing works. It organizes the different debates over large-scale farming in China, and highlights the key arguments put forward.

Details

China Agricultural Economic Review, vol. 7 no. 3
Type: Research Article
ISSN: 1756-137X

Keywords

To view the access options for this content please click here
Article
Publication date: 7 March 2016

Yonghong Xia, Junbo Liu, Bo Xu and Hongjian Wu

The purpose of this paper is to propose a novel hybrid excitation permanent magnet synchronous generator (HEPMSG) utilizing tooth harmonic for excitation, the structural…

Abstract

Purpose

The purpose of this paper is to propose a novel hybrid excitation permanent magnet synchronous generator (HEPMSG) utilizing tooth harmonic for excitation, the structural features and operation principle of which are also described.

Design/methodology/approach

To obtain the operation performance quickly, this paper derives the mathematical model of the machine system represented by circuit, and analyzes the operation mode of rectifier circuit in the tooth harmonic excitation system, then the standard state equations for each operation mode are obtained. Combining the inductance parameter of this machine with the load resistance and inductance, the armature current waveform, the field current waveform and tooth harmonic winding current waveform are obtained by using the numerical method to solve the standard state equation.

Findings

Comparing with the experimental results, the availability of the principle and the validity of the model of the machine system are verified.

Practical implications

This HEPMSG is a new brushless self-excited and self-regulated generator, which is suitable for an independent power source.

Originality/value

Unlike the existing hybrid excitation permanent magnet machine, this HEPMSG utilized the inherent tooth harmonic EMF of the rotor to adjust the air-gap magnetic field of the permanent magnet machine.

Details

COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering, vol. 35 no. 2
Type: Research Article
ISSN: 0332-1649

Keywords

To view the access options for this content please click here
Article
Publication date: 9 September 2011

Yun Wang, Renhai Hua and Zongcheng Zhang

The purpose of this paper is to examine whether the futures volatility could affect the investor behavior and what trading strategy different investors could adopt when…

Abstract

Purpose

The purpose of this paper is to examine whether the futures volatility could affect the investor behavior and what trading strategy different investors could adopt when they meet different information conditions.

Design/methodology/approach

This study introduces a two‐period overlapping generation model (OLG) model into the future market and set the investor behavior model based on the future contract price, which can also be extended to complete and incomplete information. It provides the equilibrium solution and uses cuprum tick data in SHFE to conduct the empirical analysis.

Findings

The two‐period OLG model based on the future market is consistent with the practical situation; second, the sufficient information investors such as institutional adopt reversal trading patterns generally; last, the insufficient information investors such as individual investors adopt momentum trading patterns in general.

Research limitations/implications

Investor trading behavior is always an important issue in the behavioral finance and market supervision, but the related research is scarce.

Practical implications

The conclusion shows that the investors' behavior in Chinese future market is different from the Chinese stock market.

Originality/value

This study empirically analyzes and verifies the different types of trading strategies investors could; investors such as institutional ones adopt reversal trading patterns generally; while investors such as individual investors adopt momentum trading patterns in general.

Details

China Finance Review International, vol. 1 no. 4
Type: Research Article
ISSN: 2044-1398

Keywords

To view the access options for this content please click here
Article
Publication date: 15 August 2016

Yonghong Jin, Mengya Yan, Yuqin Xi and Chunmei Liu

The purpose of this paper is to empirically analyze the effects of stock price synchronicity and herding behavior of qualified foreign institutional investors (QFII) on…

Downloads
1313

Abstract

Purpose

The purpose of this paper is to empirically analyze the effects of stock price synchronicity and herding behavior of qualified foreign institutional investors (QFII) on stock price crash risk, especially the mediating effect of herding behavior of QFII on the relation of stock price synchronicity and stock price crash risk.

Design/methodology/approach

Taking China’s A-share listed companies from 2005 to 2014 and QFII holding shares data as the research sample, this study calculates herding effect index, sock price synchronicity index and stock price crash risk index, and perform linear regression.

Findings

This study concludes that, either herding behavior of QFII or the stock price synchronicity can increase the stock price crash risk. Further study reveals that, the herding behavior of QFII also improves the effect of stock price synchronicity on stock price crash risk. Namely, herding behavior of QFII acts as the mediating role between stock price synchronicity and stock price crash risk.

Originality/value

This study empirically analyzes and verifies the mediating roles of herding behavior of QFII in affecting the relation of sock price synchronicity and stock price crash risk for the first time. The findings of this study contribute to the study of the role of QFII in stabilizing Chinese security market.

Details

China Finance Review International, vol. 6 no. 3
Type: Research Article
ISSN: 2044-1398

Keywords

To view the access options for this content please click here
Article
Publication date: 22 September 2020

Zhiyong Yang, Fernando Jaramillo, Yonghong Liu, Weiling Ye and Rong Huang

The purpose of this paper is twofold: first, to examine a customer orientation mechanism through which abusive supervision influences retail salespeople’s job performance;…

Abstract

Purpose

The purpose of this paper is twofold: first, to examine a customer orientation mechanism through which abusive supervision influences retail salespeople’s job performance; and second, to investigate how abusive supervision’s effects may be moderated by the same leader’s use of contingent punishment and contingent reward.

Design/methodology/approach

Two studies provide consistent findings. Study 1 used the field survey data from 129 salespeople in 42 retail stores. The proposed moderated mediation model was estimated using the random coefficient modeling technique. Findings were replicated in Study 2, in which data were collected from a sample of 679 US retail salespeople recruited through M-Turk.

Findings

Results from both studies show that abusive supervision reduces salespeople’s job performance through lowering their customer orientation. Furthermore, the use of contingent punishment from the same supervisor buffers abusive supervision’s detrimental effect, whereas the use of contingent reward augments it.

Research limitations/implications

The issues the authors address in this research have significant implications for the literature of abusive supervision and retail selling. First, the authors contribute to the abusive supervision literature by pointing it out that the negative effect of abusive supervision can spill over to organizations’ external stakeholders, namely, customers. Previous research on abusive supervision has mainly focused on how abused subordinates exhibit hostile acts directed against the supervisor, coworkers and the organization (Tepper et al., 2017), with little attention paid to abusive supervision’s impact on organizations’ external stakeholders such as customers. This research fills the void by placing impaired customer-orientation as a critical consequence of abusive supervision. Second, this research tests a contingent self-regulation impairment model of abusive supervision and advances our understanding about how the same supervisor’s functional leadership behaviors (contingent reward/punishment) may set contingencies for the effect of abusive supervision on employee outcomes. This investigation clears the doubts about whether the use of functional leadership behaviors along with abusive supervision buffers or aggravates the detrimental effect of the latter. Finally, this study’s findings shed new insights to marketing practitioners, especially in understanding how salespeople may vent their stress on the customers when being abused by their supervisors. Without this in mind, supervisors may not be aware of the consequences of their abusive behavior and may even develop an illusion that such a practice worked. This research shows that abusive supervision can lower employees’ customer orientation, which will hurt the company in the long run.

Practical implications

The findings intend to provide important guidelines for companies to develop effective workshops and training programs to combat the detrimental effects of abusive supervision in the retailing industry. For example, the findings shed new insights in understanding how employees may vent their stress on the customers when being abused by their supervisors. Without this in mind, supervisors may not be aware of the consequences of their abusive behavior and may even develop an illusion that such a practice worked. Another important managerial implication of this research is that the use of contingent reward after mistreating subordinates can backfire. Supervisor abuses, followed by a contingent reward, send an inconsistent signal to the employee that creates confusion and strain. Inconsistent actions from the supervisor also produce ethical tensions that reduce customer-oriented behaviors and a company’s ability to serve the customer (Friend et al., 2020). These training programs are important methods to combat the detrimental effects of abusive supervision in the workforce.

Originality/value

This research draws on the contingent self-regulation impairment model as an overarching framework to unpack the relationship between abusive supervision and salespeople’s job performance. Integrating three research streams (i.e. abusive supervision, leadership reinforcement and retail selling), this study proposes customer orientation as a novel mechanism and sheds light on how abusive supervision interplays with contingent punishment/reward to impact salespeople’s outcomes.

To view the access options for this content please click here
Book part
Publication date: 23 June 2016

An Yonghong, Hsiao Cheng and Li Dong

This paper considers the problem of estimating a partially linear varying coefficient fixed effects panel data model. Using the series method, we establish the root N

Abstract

This paper considers the problem of estimating a partially linear varying coefficient fixed effects panel data model. Using the series method, we establish the root N normality for the estimator of the parametric component; and we show that the unknown function can be consistently estimated at the standard nonparametric rate. Furthermore, we extend the model to allow endogeneity in the parametric component and establish the asymptotic properties of the semiparametric instrumental variable estimators.

Details

Essays in Honor of Aman Ullah
Type: Book
ISBN: 978-1-78560-786-8

Keywords

1 – 10 of 21