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Recent studies have indicated that digital transformation can benefit an organization’s strategic renewal. However, there is little knowledge on how business executives engage in digital transformation for this purpose, especially in the service sectors of emerging markets. Therefore, this study aims to examine how business managers accomplish strategic renewal through digital transformation in emerging markets.

The authors conducted a longitudinal single case study of a leading business firm in China’s real estate industry, China Overseas Land & Investment Ltd. (COLI). Results of the analysis of semistructured interviews and rich secondary data allowed us to better understand how business managers react to changing customer demands by building and implementing divergent digital tools to fulfill strategic renewal.

The results showed that business executives of COLI developed the Whole Life Cycle Management System, to achieve strategic renewal. The system benefits resource allocation and potential adjustments to strategic goals. This study also helps update the organizational structure of the marketing and consumer services departments, helping better satisfy consumers’ demands and waste fewer resources. Thus, COLI accomplished structural, contextual and leadership-based ambidexterity.

This study provides a fresh understanding of the link between digitalization and strategic renewal by providing a fine-grained analysis of leading service providers in emerging markets. To the best of the authors’ knowledge, this study is among the first to investigate the role of digital transformation in strategic renewal from an ambidexterity perspective.

Industry practice has shown that technology licensing has an important effect on the R&D cooperation between firms. Different licensing methods will significantly impact a supply chain member's cooperative and price R&D decisions. However, there is scant literature investigating the decision on technology licensing and its impact on a supply chain member's price and cooperative R&D decisions. To address this gap, the authors investigate the R&D cooperation and the technology licensing in a supply chain formed of an original equipment manufacturer (OEM), a contract manufacturer (CM), and a third-party manufacturer which will compete with the OEM when the technology licensing occurs.

The authors investigate two licensing patterns, royalty licensing, fixed fee licensing together with the no licensing, within the R&D cooperative supply chain by developing two three-stage and a two-stage Stackelberg models.

Compare to the no licensing strategy, technology licensing always benefits to the OEM and the society especially when the technology efficiency and the brand power of the third-party manufacturer are more significant; the royalty licensing benefits to the OEM more when the technology efficiency and the brand power of the third-party manufacturer are higher; the fixed fee licensing benefits to the OEM more when the technology efficiency and the brand power of the third-party manufacturer are lower.

The royalty licensing is more effective for mitigating price competition intensity and helping firms to maintain higher sales margins; the fixed fee licensing induces firms' lower sales margins but increases the firms' sales quantities; in most cases, the fixed fee licensing is optimal from the perspectives of consumer and society, however, the CM's investment intention to the R&D technology with the fixed fee licensing is lower.

So far, different licensing models under the R&D cooperation have not been investigated, and the authors propose two three-stage Stackelberg models with considering the competition caused by technology licensing under the R&D cooperation to deal with the cooperative R&D and technology licensing issues.

Corporate social responsibility (CSR) has now been paid notable attention by a large number of firms. The aim of this paper is to investigate a better way to implement CSR in a socially responsible supply chain with different channel leaderships.

Started from measuring CSR by purely taking consumer surplus into account, a stylized centralized channel and two different decentralized channels are first developed and examined for equilibria in the socially responsible chain. Furthermore, this paper extends to a socially irresponsible supply chain and a broader practice of CSR by simultaneously incorporating environmental externality and consumer surplus into CSR.

With the analytical studies, several interesting and important results and managerial insights are clearly revealed. For example, but not limited to, it is found that: (1) Compared with the leader, the follower can effectively implement CSR for a better performance in both pure and socially responsible profits in the decentralized channel; (2) undertaking socially responsible concerns does not always mean reducing the economic profit and conversely being socially irresponsible does not always induce an increase in economic profit for the socially responsible member(s); (3) CSR concern level plays a key role in both the pure and socially responsible profit. An increase in CSR concern level clearly increases the socially responsible profit and poses an ambiguous impact on pure profit depending on different channel leaderships: it decreases the centralized channel in pure profit but increases the pure profit with the decentralized channel under certain conditions; and (4) interestingly, the authors find that decentralization can outperform centralization regarding on both pure and socially responsible channel profits by properly implementing CSR concern levels.

The results derived in this paper provide novel managerial implications to the socially responsible members in terms of pricing decisions, order quantity and CSR practice. In addition, this paper assists the socially responsible supply chain in determining the optimal channel leadership to undertake CSR. That is, decentralization may achieve a better performance than integration under certain market conditions.

To the best of the authors' knowledge, this paper is the first attempt to explore the interactive of the CSR practice and channel leadership in a socially responsible supply chain.

This paper examines how the level of low-carbon awareness (LCA) affects the remanufacturing strategy in a supply chain with an original equipment manufacturer (OEM) and an independent remanufacturer (IR) competing with each other.

Game theory and operations optimization.

The studies analytically characterize the threshold levels of the LCA in response to which the OEM and the IR will change their remanufacturing strategies from no remanufacturing to partial remanufacturing and then to full remanufacturing. In addition, the studies reveal that as compared with the OEM, the IR has more flexibility in terms of the market entry to remanufacturing with the level of LCA increasing. With the extended studies, it is exhibited that the above findings are robust to a good extent.

It can provide decision support for remanufacturing enterprises.

The purpose of the study is to investigate the financing channels and carbon emission abatement preferences of supply chain members, and further examine the optimal contract design of the retailer.

This paper develops a low-carbon supply chain composed of one retailer and one manufacturer, in which the retailer provides trade credit to the manufacturer. Considering the cap-and-trade regulation, the manufacturer with uncertain yield makes decision on whether to invest in emission abatement. There are bank loan and trade credit to finance production for the manufacturer and green credit to finance emission abatement investment. Meanwhile, the retailer may provide the manufacturer with three kinds of contracts to improve emission abatement efficiency, namely, revenue sharing, cost sharing or both sharing.

The results show that the retailer prefers to offer financing service at lower interest rate, but trade (and green) credit financing is always optimal for manufacturer and supply chain. The investment in emission abatement is value-added to all players. The sharing contracts offered by the retailer at lower sharing ratios can realize Pareto improvement of the system regardless of the financing scheme. However, comparing with the revenue or cost sharing contract, the existence of optimal sharing ratios makes the both sharing contract more favorable to the retailer.

The findings provide guidance for the emission-dependent manufacturer in financing and emission abatement decisions, as well as recommendations for the retailer to offer loan service and sharing contract.

This paper integrates green credit into bank loan or trade credit to analyze the financing decision of the manufacturer with uncertain yield and further considers the influence of three kinds of sharing contracts introduced by the retailer on improving operational performance.

This paper aims to assess the feasibility of additively manufactured wind tunnel models. The additively manufactured model was used to validate a computational framework allowing the evaluation of the performance of five wing models.

An optimized fighter wing was additively manufactured and tested in a low-speed wind tunnel to obtain the aerodynamic coefficients and deflections at different speeds and angles of attack. The flexible wing model with optimized curvilinear spars and ribs was used to validate a finite element framework that was used to study the aeroelastic performance of five wing models. As a computationally efficient optimization method, homogenization-based topology optimization was used to generate four different lattice internal structures for the wing in this study. The efficiency of the spline-based optimization used for the spar-rib model and the lattice-based optimization used for the other four wings were compared.

The aerodynamic loads and displacements obtained experimentally and computationally were in good agreement, proving that additive manufacture can be used to create complex accurate models. The study also shows the efficiency of the homogenization-based topology optimization framework in generating designs with superior stiffness.

To the best of the authors’ knowledge, this is the first time a wing model with curvilinear spars and ribs was additively manufactured as a single piece and tested in a wind tunnel. This research also demonstrates the efficiency of homogenization-based topology optimization in generating enhanced models of different complexity.

Under the trend of global economic integration and the new context of stagflation, frequent fluctuations in international interest rates are exerting far-reaching impacts on the world economy. In this paper, the transmission mechanism of the impact of fluctuations in international interest rates (specifically, the American interest rate) on the bankruptcy risk in China's pillar industry, the construction industry (which is also sensitive to interest rates), is examined.

Using an improved contingent claims analysis, the bankruptcy risk of enterprises is calculated in this paper. Additionally, an individual fixed-effects model is developed to investigate the mediating effects of international interest rates on the bankruptcy risk in the Chinese construction industry. The heterogeneity of subindustries in the industrial chain and the impact of China's energy consumption structure are also analysed in this paper.

The findings show that fluctuations in international interest rates, which affect the bankruptcy risk of China's construction industry, are mainly transmitted through two major pathways, namely, commodity price effects and exchange rate effects. In addition, the authors examine the important impact of China's energy consumption structure on risk transmission and assess the transmission and sharing of risks within the industrial chain.

First, in the research field, the study of international interest rate risk is extended to domestic-oriented industries. Second, in terms of the research content, this paper is focused on China-specific issues, including the significant influence of China's energy consumption structure characteristics and the risk contagion (and risk sharing) as determined by the current development of the Chinese construction industry. Third, in terms of research methods a modified contingent claim analysis approach to bankruptcy risk indicators is adopted for this study, thus overcoming the problems of data frequency, market sentiment and financial data fraud, which are issues that are ignored by most relevant studies.