Search results

This study investigates the impact of supply chain governance (SCG, which includes relational governance and contractual governance) on supply chain resilience (SCR) using the information processing theory. Moreover, the study also examines the mediating role of information processing capability and the moderating role of digital technology (DT) deployment.

A total of 288 questionnaires were collected from the Chinese manufacturing industry, and hierarchical regression was used to empirically test the proposed model.

This study reveals that SCG positively impacts SCR. Moreover, information processing capability plays a mediating role between SCG and SCR. Furthermore, the breadth of DT deployment positively moderates the effect of relational governance on information processing capability, and the depth of DT deployment positively moderates the effects of both relational governance and contractual governance on information processing capability.

This study offers a novel perspective that helps to understand the importance of the supply chain-wide information acquired by SCG in respect of improving SCR. Furthermore, this article extends the application of information processing theory by providing empirical evidence of the mediating role of information processing capability and elucidating the moderating role of DT deployment.

This paper aims to study the attitude control problem with mutating orbital rate and actuator fading.

To avoid malicious physical attacks and hide itself, the spacecraft may irregularly switch its orbit altitude within a specific range, which will bring about variations in orbital rate, thereby causing mutations in the attitude dynamics model. The actuator faults will also cause changes in system dynamics. Both factors affect the control performance. First, this paper determines the potential switching orbits. Then under different conditions, design controllers that can accommodate actuator faults according to the statistical law of actuator fading.

This paper, to the best of the authors’ knowledge, for the first time, introduces the Markovian jump framework to model the possible unexpected mutating of orbital rate and actuator fading of spacecraft and then designs a novel control policy to solve the attitude control problem.

This paper also provides the algorithm design processes in detail. A comparative numerical simulation is given to verify the effectiveness of the proposed algorithm.

This is an early solution for spacecraft attitude control with dynamics model mutations.

Recent spacecraft attitude control systems tend to use wireless communication for cost-saving and distributed mission purposes while encountering limited communication resources and data exposure issues. This paper aims to study the attitude control problem with low communication frequency under the sampled-data.

The authors propose constructive control system structures based on quantization and event-triggered methods for intra-spacecraft and multi-spacecraft systems, and they also provide potential solutions to shield the control system's data security. The proposed control architectures can effectively save communication resources for both intra-spacecraft and multi-spacecraft systems.

The proposed control architectures no longer require sensors with trigger-ing mechanism and can achieve distributed control schemes. This paper also provides proposals of employing the public key encryption to secure the data in control-loop, which is transmitted by the event-triggered control mechanism.

Spacecraft attempts to use wireless communication, yet the attitude control system does not follow up promptly to accommodate these variations. Compared with existing approaches, the proposed control structures can save communication resources of control-loop in multi-sections effectively, and systematically, by rationally configuring the location of quantization and event-triggered mechanisms.

This paper presents several new control schemes and a necessary condition for the employment of encryption algorithms for control systems based on event-based communication.

The purpose of this paper is to review the four large and two small fluctuations in China’s economic growth since the reform and opening up, which can be further divided into five periods of economic upturn and six periods of economic downturn.

This paper also analyzes the performance, causes and practical countermeasures of these fluctuations and summarizes the experience and lessons from the eight aspects of dealing with economic downturn and stabilizing growth since the reform and opening up.

At last, the paper puts forward some measures to cope with economic downturn and stabilize growth under the new normal in the new era.

Any country’s economic growth is a tortuous process with many fluctuations. The rate of economic growth cannot rise or go down straight for a long time, and China’s economic growth is no exception. The drastic fluctuations of economic growth can lead to serious overproduction, waste of resources, increased unemployment, decreased income or supply shortages, rising prices and decline of living standards.

Supply chain resilience (SCR) has attracted much attention in the context of the high uncertainty caused by the coronavirus disease 2019 (COVID-19), local regional conflicts and natural disasters. Based on information processing theory (IPT), this study investigates the role of supply chain information processing capability in enhancing SCR through supply chain governance (SCG), under different conditions of environmental uncertainty.

The hypothetical model is tested by using hierarchical regression on the primary samples collected from the Chinese manufacturing industry.

The results indicate that supply chain information processing capability has a significant positive effect on SCR. Also, SCG plays a mediating role between supply chain information processing capability and SCR. Furthermore, environmental uncertainty positively moderates the effect of supply chain information acquisition and supply chain information analysis on relational governance. However, environmental uncertainty only positively moderates the effect of supply chain information analysis on contractual governance.

This is the first study to explain the effect of information processing capability on SCR from the supply chain perspective, while also exploring the mediating role of SCG between SCR and supply chain information processing capacity, based on IPT.

This paper aims to provide new evidence that corporate site visits give institutional investors better opportunities to obtain information and exert monitoring powers, which reduce listed firms’ earnings management.

This paper explores how private communications affect firms’ earnings management by using a sample of institutional investors’ visits to the corporate sites of Chinese listed firms between 2010 and 2018. This study uses the performance-matched Jones model (Kothari et al., 2005) to measure accrual-based earnings management and Roychowdhury’s (2006) method to measure real earnings management. The authors also perform several robustness checks including an alternative measure of accounting accruals, a two-stage instrumental regression and the Heckman two-step approach.

Using a sample of institutional investors’ site visits to Chinese listed firms during the 2010–2018 period, this study finds that institutional investors’ site visits reduce listed firms’ earnings manipulation activities (both accrual-based and real). This association is robust to several checks, including an alternative measure of accounting accruals, a two-stage instrumental regression and the Heckman two-step approach. This study further documents that other private communication approaches such as private in-house meetings and conference calls moderate the effect of site visits.

As the Shenzhen Stock Exchange is one of the few stock markets to mandate that listed firms record and disclose their private communication information, this study also has implications for researchers and policymakers who work in other stock markets.

To the best of the authors’ knowledge, this study is the first comprehensive study of the impact of private communications on earnings management. This study extends the earnings management literature by examining institutional investors’ information acquisition process and revealing a negative association between their site visits and listed firms’ earnings management. Moreover, this study examines the effects not only on traditional accounting accruals but also on real earnings management. In addition to studies that emphasize the effect of corporate site visits on individuals and market reactions, this study examines the effect of site visits on firms’ financial misbehavior. This study shows that institutional investors’ corporate site visits provide external monitoring that mitigates listed firms’ earnings management behavior.

Banking is the key industry to guarantee the core leading role of finance in the process of economic development. It is important to study the bank efficiency and optimal allocation of bank’s resources. The purpose of our paper is to study the optimal allocation of resources between the bank savings system and loan system under the premise of environmental heterogeneity.

We use a two-stage meta-frontier Data Envelopment Analysis model to solve the relative efficiency of each city branch and use the multivariate statistical tools to analyze the empirical results.

This paper measures the relative efficiency of 16 Bank Branches of a state-owned bank in Anhui province considering regional heterogeneity. Based on the optimal resource allocation, we get the two-stage operation performance of all banks under group-frontier and meta-frontier and analyze the impact of the technical differences between the branches.

This study has a positive guiding significance for the banking industry to improve its operational efficiency in various business practices in the new era of big data. It will also provide practical suggestions and support for the government and relevant departments in the process of formulating macro-policies to ensure the healthy and stable development of the banking industry.

The purpose of this work is to comprehensively reveal the spatial distribution and evolution features of a running-in attractor.

The friction coefficient signals extracted from wear experiments are reconstructed. A projected matrix is obtained based on the reconstructed matrix. Then the approach of three-dimensional (3D) histogram of phase points is proposed, which is used to intuitively characterize the complex properties of the running-in attractor.

The space occupied by the running-in attractor gradually contracts, then stabilizes and finally expands; the maximum of phase points number in a certain bin initially decreases, then keeps stable and finally increases rapidly; yet the percentage of bins number storing phase points shows an inverse variation tendency. Consequently, 3D histogram evolves from a nonuniform state to a uniform state then returns back to the nonuniform state, which indicates the evolution rule of “formation, stabilization and disappearance” of the running-in attractor.

Characterization on the features of the running-in attractor can provide valuable information about friction systems and their dynamic behaviors.

With the rapid development of the sharing economy in manufacturing industries, manufacturers and the equipment suppliers frequently share capacity through the third-party platform. This paper aims to study influences of manufacturers sharing capacity on the supplier and to analyze whether the supplier shares capacity as well as its influences.

This paper deals with conditions that the supplier and manufacturers share capacity through the third-party platform, and the third-party platform competes with the supplier in equipment sales. Considering the heterogeneity of the manufacturer's earning of unit capacity usage and the production efficiency of manufacturer's usage strategies, this paper constructs capacity sharing game models. Then, model equilibrium results under different sharing scenarios are compared.

The results show that when the production or maintenance cost is high, manufacturers sharing capacity simultaneously benefits the supplier, the third-party platform and manufacturers with high earnings of unit capacity usage. When both the rental efficiency and the production cost are low, or both the rental efficiency and the production cost are high, the supplier simultaneously sells equipment and shares capacity. The supplier only sells equipment in other cases. When both the rental efficiency and the production cost are low, the supplier’s sharing capacity realizes the win-win-win situation for the supplier, the third-party platform and manufacturers with moderate earnings of unit capacity usage.

This paper innovatively examines supplier's selling and sharing decisions considering manufacturers sharing capacity. It extends the research on capacity sharing and is important to supplier's operational decisions.