Search results

1 – 10 of 11
To view the access options for this content please click here
Article
Publication date: 15 November 2018

Qing Peng, Xuesong Tang and Yuxin Zheng

Extensively public concern on “Huge Executive Compensation” makes it urgent to investigate the reasonability of high executive compensation. The purpose of this paper is…

Abstract

Purpose

Extensively public concern on “Huge Executive Compensation” makes it urgent to investigate the reasonability of high executive compensation. The purpose of this paper is to explore the effectiveness of compensation contracting based on the specific responsibility of executives. More specifically, this paper is to examine whether high compensation is helpful to mitigate agency problems.

Design/methodology/approach

Considering that board secretaries of listed companies are responsible for information disclosure in China, this paper examines the effect of board secretaries’ excess compensation on firms’ disclosure quality using listed company data from 2007 to 2015. The first measure of disclosure quality is based on the disclosure violation behavior of firms, and the second is KV value that represents the extent to which the investors relay on the stock trading volume. To provide additional confidence that the findings are robust, this paper further conducts two indirect tests based on rumors and cost of equity capital.

Findings

The results show that board secretaries’ excess compensation is negatively associated with the probability of information disclosure violation and also negatively associated with firms’ KV value, suggesting firms that pay high compensation to their information providers are more likely to provide high-quality disclosures. Besides, this paper further finds that board secretaries’ excess compensation is negatively related to the incidence of rumors, the number of rumors incurred or the cost of equity capital.

Research limitations/implications

Overall, the findings provide support to the efficient contracting of executive compensation, which implies that highly paid board secretaries would be better information providers than those poorly paid.

Practical implications

This paper provides empirical evidence that firms’ disclosure quality can be improved by modifying the compensation contract of information providers. This may indicate a new way to improve the quality of disclosures, so as to mitigate the agency problem.

Social implications

In spite of the public criticism on executive excess compensation, the high compensation is not always a signal of manipulation, collusion and self-interest. It also can be a signal of individual talents and great efforts. Board secretaries are worth to be highly paid if they can improve firms’ disclosures, thereby reducing the incidence of rumors and reducing the cost of equity capital.

Originality/value

This paper is the first research to examine the effectiveness of compensation contracting based on information providers’ disclosure responsibility in the Chinese context. It documents a positive relation between board secretaries’ excess compensation and corporate disclosure quality.

Details

Nankai Business Review International, vol. 10 no. 2
Type: Research Article
ISSN: 2040-8749

Keywords

To view the access options for this content please click here
Article
Publication date: 6 August 2019

U.C. Moharana, S.P. Sarmah and Pradeep Kumar Rathore

The purpose of this paper is to suggest a framework for extracting the sequential patterns of maintenance activities and related spare parts information from historical…

Abstract

Purpose

The purpose of this paper is to suggest a framework for extracting the sequential patterns of maintenance activities and related spare parts information from historical records of maintenance data with pre-defined support or threshold values.

Design/methodology/approach

A data mining approach has been adopted for predicting the maintenance activity along with spare parts. It starts with a collection of spare parts and maintenance data, and then the development of sequential patterns followed by formation of frequent spare part groups, and finally, integration of sequential maintenance activities with the associated spare parts.

Findings

This study suggests a framework for extracting the sequential patterns of maintenance activities from historical records of maintenance data with pre-defined support or threshold values. A rule-based approach is proposed in this paper to predict the occurrence of next maintenance activity along with the information of spare parts consumption for that maintenance activity.

Research limitations/implications

Presented model can be extended for analyzing the failure maintenance activities and performing root cause analysis that can give more valuable suggestion to maintenance managers to take corrective actions prior to next occurrence of failures. In addition, the timestamp information can be utilized to prioritize the maintenance activity that is ignored in this study.

Practical implications

The proposed model has a high potential for industrial applications and is validated through a case study. The study suggests that the model gives a better approach for selecting spare parts based on their similarity or correlation, considering their actual occurrence during maintenance activities. Apart from this, the clustering of spare parts also trains maintenance manager to learn about the dependency among the spares for group stocking and maintaining the parts availability during maintenance activities.

Originality/value

This study has used the technique of data mining to find dependent spare parts itemset from the database of the company and developed the model for associated spare parts requirement for subsequent maintenance activity.

Details

Journal of Manufacturing Technology Management, vol. 30 no. 7
Type: Research Article
ISSN: 1741-038X

Keywords

To view the access options for this content please click here
Article
Publication date: 14 May 2020

Yuhe Wang, Gui Ye, Yuxin Zhang, Ping Mu and Hongxia Wang

In response to the 2008 financial crisis, the performance of the Chinese construction industry seems to be more successful, especially in total factor productivity growth…

Abstract

Purpose

In response to the 2008 financial crisis, the performance of the Chinese construction industry seems to be more successful, especially in total factor productivity growth (TFPG) and its contribution (TFPGC). Hence, the purpose of this paper is to investigate and reveal the potential successful lessons in this regard.

Design/methodology/approach

This study is conducted innovatively based on a special comparative analysis of TFPG and TFPGC between pre- and post-2008 financial crisis. Solow Residual Approach is used to measure TFPG and TFPGC for the period 2002–2016. Given that the crisis hit China at the end of 2008, the pre-2008 financial crisis period is from 2002 to 2008, and the post-2008 financial crisis period is limited to 2009–2016.

Findings

The results indicate that the industry indeed has better performance in promoting TFPG and TFPGC, TFP thus achieved significant accumulative growth before and after the crisis. However, from an evolutionary perspective, both TFPG and TFPGC presented an overall downward trend from before the crisis to after the crisis. Further, the game between the centrally planned economy and the market-oriented economy was identified and revealed as the essential reason behind the evolution of TFPG and TFPGC.

Practical implications

Some valuable lessons for policies and practices in promoting TFPG and TFPGC were summarized and learned from the Chinese experience, such as reducing administrative intervention and making the construction market play a decisive role.

Originality/value

This study provides some new empirical evidence to enrich the overall body of knowledge on growth theory, especially in promoting TFPG and TFPGC.

Details

Engineering, Construction and Architectural Management, vol. 27 no. 10
Type: Research Article
ISSN: 0969-9988

Keywords

To view the access options for this content please click here
Book part
Publication date: 7 November 2017

Yihan Wang, Angela Abbott and Catherine Butcher

United Kingdom and China face both similar and dissimilar challenges in managing eldercare. These challenges are centred around demographic change, caregiving roles and…

Abstract

United Kingdom and China face both similar and dissimilar challenges in managing eldercare. These challenges are centred around demographic change, caregiving roles and care facilities, work–family conflict and work flexibilities, employment rights, culture norms in caring for the elders and the welfare state. This chapter demonstrates the status quo of each of these challenges in managing eldercare, from both the East and West perspectives. Aside from the challenges, opportunities also emerge. More support services are needed for elders with activities of daily living (ADL) or instrumental activities of daily living. Institutional care is in great demand in China, despite the traditional value of caring for elders at home. Caring for elders with cognitive disabilities has also won attention. In the United Kingdom, elder caregiving issues are focused on older workforce, grandparent caregivers and long-term consequences of combining employment and care in the workplace. Compared to Hong Kong and United Kingdom, mainland China has more space to improve on adapting flexible work hours and promoting employment rights of workers. ‘Sandwich’ carers and women caregivers were given special attention in our discussion. At the end of the chapter, results from a survey studying older employees who are also caregivers were also presented.

Details

Managing the Ageing Workforce in the East and the West
Type: Book
ISBN: 978-1-78714-639-6

Keywords

To view the access options for this content please click here
Book part
Publication date: 7 October 2019

Abstract

Details

Advances in Accounting Education: Teaching and Curriculum Innovations
Type: Book
ISBN: 978-1-78973-394-5

To view the access options for this content please click here
Article
Publication date: 8 January 2018

Yuxin Miao, Guofeng Pan, Caixuan Sun, Ping He, Guanlong Cao, Chao Luo, Li Zhang and Hongliang Li

The purpose of this paper is to study the effect of doping, annealing temperature and visible optical excitation on CuO-ZnO nanocomposites’ acetone sensing properties and…

Abstract

Purpose

The purpose of this paper is to study the effect of doping, annealing temperature and visible optical excitation on CuO-ZnO nanocomposites’ acetone sensing properties and introduce an attractive candidate for acetone detection at about room temperature.

Design/methodology/approach

ZnO nanoparticles doped with CuO were prepared by sol-gel method, and the structure and morphology were characterized via X-ray diffraction, scanning electron microscope, energy dispersive spectroscopy and Brunauer-Emmett-Teller. The photoelectric responses of CuO-ZnO nanocomposites to cetone under the irradiation of visible light were investigated at about 30°C. The photoelectric response mechanism was also discussed with the model of double Schottky.

Findings

The doping of CuO enhanced performance of ZnO nanoparticles in terms of the photoelectric responses and the gas response and selectivity to acetone of ZnO nanoparticles, in addition, decreasing the operating temperature to about 30ºC. The optimum performance was obtained by 4.17% CuO-ZnO nanocomposites. Even at the operating temperature, about 30ºC, the response to 1,000 ppm acetone was significantly increased to 579.24 under the visible light irradiation.

Practical implications

The sensor fabricated by 4.17% CuO-ZnO nanocomposites exhibited excellent acetone-sensing characteristics at about 30ºC. It is promising to be applied in low power and miniature acetone gas sensors.

Originality/value

In the present research, a new nanocomposite material of CuO-ZnO was prepared by Sol-gel method. The optimum gas sensing properties to acetone were obtained by 4.17% CuO-ZnO nanocomposites at about 30ºC operating temperature when it was irradiated by visible light with the wavelength more than 420 nm.

Details

Sensor Review, vol. 38 no. 3
Type: Research Article
ISSN: 0260-2288

Keywords

To view the access options for this content please click here
Article
Publication date: 27 March 2020

Wenxue Lu, Yuxin Wei and Rui Wang

This paper aims to reveal the effects of an organisation’s bargaining power on its negotiating behaviours (including integrating, obliging, compromising, dominating and…

Abstract

Purpose

This paper aims to reveal the effects of an organisation’s bargaining power on its negotiating behaviours (including integrating, obliging, compromising, dominating and avoiding) in the context of inter-organisational conflict in construction projects and investigate how organisational power distance orientation moderates the relationship between the organisation’s bargaining power and its negotiating behaviours.

Design/methodology/approach

The authors conducted a questionnaire survey among practitioners in the Chinese construction industry with the final sample consisting of 219 responses. A structural equation model was used to analyse the data and test the hypotheses.

Findings

The results reveal that an organisation’s bargaining power is positively associated with dominating and integrating behaviours but negatively associated with obliging and avoiding behaviours. Additionally, bargaining power is found to be negatively associated with compromising behaviour when the organisation has a high power distance orientation. Finally, a higher degree of power distance orientation strengthens the positive effect bargaining power has on dominating behaviour.

Practical implications

The findings can help practitioners to predict the negotiating behaviours of a counterpart according to its bargaining power and the power distance in its organisational culture. This can then enable practitioners to adjust their strategies accordingly and steer the negotiations towards a win–win outcome.

Originality/value

This study applies the approach-inhibition theory of power to inter-organisational negotiations and empirically tests the relationship between an organisation’s bargaining power and its negotiating behaviours in the context of construction projects. Additionally, this study reveals that organisational power distance orientation moderates this relationship.

Details

International Journal of Conflict Management, vol. 31 no. 5
Type: Research Article
ISSN: 1044-4068

Keywords

Abstract

Details

China Agricultural Economic Review, vol. 10 no. 1
Type: Research Article
ISSN: 1756-137X

To view the access options for this content please click here
Article
Publication date: 6 May 2014

Greg G. Wang, Yichi Zhang, David Lamond and Jie Ke

The purpose of this study is to review the current status of the Journal of Chinese Human Resource Management (JCHRM) in this initial stage and present a number of…

Abstract

Purpose

The purpose of this study is to review the current status of the Journal of Chinese Human Resource Management (JCHRM) in this initial stage and present a number of emerging unique Chinese phenomena for scholarly attention in relation to JCHRM entering its fifth year.

Design/methodology/approach

Based on a review of JCHRM's status, we further reviewed literature and media reports to identify new research opportunities for indigenous Chinese human resource management (HRM) research.

Findings

JCHRM has demonstrated its strength and uniqueness in contributing to management knowledge production and dissemination in the first four years, thanks to enthusiastic support from the worldwide research community. Moving forward, we identify a number of intriguing indigenous phenomena, including distinctive social political contexts in state-owned enterprises, emerging trends in embracing the Party Branches (dang zhi bu, Fixed graphic 1) by multinational corporations (MNCs) in China and the indigenous Chinese suzhi (Fixed graphic 2) phenomenon, for new opportunities in Chinese HRM research.

Research limitations/implications

The three indigenous phenomena constitute only a few samples. Developing a theoretical understanding of Chinese HRM phenomena has a long way to go. Continued inquiries in this area will not only help build local knowledge on complex organizational dynamics but also enrich the overall management knowledge base.

Originality/value

We review the status of JCHRM in its first four years and bring a sample of intriguing indigenous Chinese phenomena to the attention of the worldwide scholarly community for future research.

Details

Journal of Chinese Human Resource Management, vol. 5 no. 1
Type: Research Article
ISSN: 2040-8005

Keywords

To view the access options for this content please click here
Article
Publication date: 10 April 2009

Xiandong Tan, Zhaoguang Hu, Baoguo Shan and Meng Li

The purpose of this paper is to establish a model to analyze the impacts of economic policy on the demand for electricity in China, including the impacts of fiscal and…

Abstract

Purpose

The purpose of this paper is to establish a model to analyze the impacts of economic policy on the demand for electricity in China, including the impacts of fiscal and monetary policies.

Design/methodology/approach

With the development of electric reform, the impacts of economic policy on demand for electricity will be more and more obvious. It is difficult to analyze the impacts by a conventional model. CGE model is based on the theory of general equilibrium which is put forward by Walras, it describes the supplying and demanding relationship between the sectors of the economic system, a CGE model can recognize that an exogenous change (in policy or from other source) that affects any one part of the economy can produce repercussions throughout the system, it can also analyze the impacts of economic policy on electric power sector.

Findings

A CGE model and a social accounting matrix are established.

Research limitations/implications

Accessibility and availability of data are the main limitations which model will be applied.

Practical implications

A very useful model to study the impacts of economic policy on electric power sector.

Originality/value

The new method to analyze the impacts of economic policy on electric power sector in China. The paper aims at policy makers and the researchers who deal with electric power demand and supply.

Details

Kybernetes, vol. 38 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

1 – 10 of 11