Search results
1 – 10 of over 17000Sebastian Vaduva, Lance Brouthers, Melisa Benchis and Amalia Cristina Nedelcut
The purpose of this paper is to explore the viability of shifting foreign direct investment (FDI) from China to Central and Eastern European (CEE) countries in light of recent…
Abstract
Purpose
The purpose of this paper is to explore the viability of shifting foreign direct investment (FDI) from China to Central and Eastern European (CEE) countries in light of recent geopolitical and economic challenges. By analyzing case studies, it argues that CEE nations offer a compelling alternative for Western European businesses, with stronger intellectual property protection, political stability and alignment with European Union (EU) sustainability goals. The paper provides insights for firms and policymakers on mitigating risks and enhancing business operations by pivoting toward the CEE region, offering practical recommendations for adapting to shifting global trade dynamics.
Design/methodology/approach
The design methodology uses the case study approach to analyze the shift of FDI from China to CEE. This method examines the geopolitical, economic and legal contexts influencing business decisions, using real-world examples of Western European companies that have made this transition. The case studies highlight key factors in decision-making and the benefits of relocating investments to the CEE region.
Findings
The study identifies several advantages of the CEE region over China for Western European firms. These include geographic proximity, similarities in business values and purposes, environmental accountability, trustworthiness in business, enforceable noncompetition rules, lower risks of counterfeiting, reduced political and administrative risks, lower risks of intellectual property theft and reduced risks of negative publicity.
Practical implications
The findings suggest that Western European firms should consider redirecting their FDI to the CEE region to mitigate risks associated with investing in China. This move could offer long-term benefits despite short-term complications.
Originality/value
This paper contributes to the FDI theoretical framework by enhancing the cultural, administrative, geographic and economic (CAGE) distance framework. It provides a unique perspective on the shifting dynamics between Europe and China and highlights the potential of the CEE region as a viable alternative for FDI.
Details
Keywords
Mengli Wu, Yilong Xu, Xuhao Wang, Hao Liu, Guanhao Li, Chengfa Wang, Yiran Cao and Zhiyong Guo
This paper aims to present the mechanical design and kinematics of a novel rigid-flexible coupling hybrid robot to develop a promising aeroengine blades in situ repair technology.
Abstract
Purpose
This paper aims to present the mechanical design and kinematics of a novel rigid-flexible coupling hybrid robot to develop a promising aeroengine blades in situ repair technology.
Design/methodology/approach
According to requirements analysis, a novel rigid-flexible coupling hybrid robot is proposed by combining a three degrees of freedom (DOF) parallel mechanism with a flexible continuum section. Then the kinematics models of both parallel mechanism and flexible continuum section are derived respectively. Finally, based on equivalent joint method, a two-step numerical iterative inverse kinematics algorithm is proposed for the whole robot: (1) the flexible continuum section is equivalently transformed to a 2-DOF spherical joint, thus the approximate analytical inverse kinematic solution can be obtained; (2) the accurate solution is derived by an iterative derivation of both parallel mechanism and flexible continuum section.
Findings
To verify structure scheme and the proposed kinematics modeling method, numerical simulations and prototype experiments are implemented. The results show that the proposed kinematics algorithm has sufficient accuracy and computational efficiency in the whole available workspace, that is end-effector position error and orientation error are less than 0.2 mm and 0.01° respectively, and computation time is less than 0.22s.
Originality/value
A novel rigid-flexible coupling hybrid robot for aeroengine blades in situ repair is designed. A two-step numerical iterative inverse kinematics algorithm is proposed for this unique hybrid robots, which has good accuracy and computational efficiency.
Details
Keywords
Yang Li, Zhicheng Zheng, Yaochen Qin, Haifeng Tian, Zhixiang Xie and Peijun Rong
Drought is the primary disaster that negatively impacts agricultural and animal husbandry production. It can lead to crop reduction and even pose a threat to human survival in…
Abstract
Purpose
Drought is the primary disaster that negatively impacts agricultural and animal husbandry production. It can lead to crop reduction and even pose a threat to human survival in environmentally sensitive areas of China (ESAC). However, the phases and periodicity of drought changes in the ESAC remain largely unknown. Thus, this paper aims to identify the periodic characteristics of meteorological drought changes.
Design/methodology/approach
The potential evapotranspiration was calculated using the Penman–Monteith formula recommended by the Food and Agriculture Organization of the United Nations, whereas the standardized precipitation evaporation index (SPEI) of drought was simulated by coupling precipitation data. Subsequently, the Bernaola-Galvan segmentation algorithm was proposed to divide the periods of drought change and the newly developed extreme-point symmetric mode decomposition to analyze the periodic drought patterns.
Findings
The findings reveal a significant increase in SPEI in the ESAC, with the rate of decline in drought events higher in the ESAC than in China, indicating a more pronounced wetting trend in the study area. Spatially, the northeast region showed an evident drying trend, whereas the southwest region showed a wetting trend. Two abrupt changes in the drought pattern were observed during the study period, namely, in 1965 and 1983. The spatial instability of moderate or severe drought frequency and intensity on a seasonal scale was more consistent during 1966–1983 and 1984–2018, compared to 1961–1965. Drought variation was predominantly influenced by interannual oscillations, with the periods of the components of intrinsic mode functions 1 (IMF1) and 2 (IMF2) being 3.1 and 7.3 years, respectively. Their cumulative variance contribution rate reached 70.22%.
Research limitations/implications
The trend decomposition and periods of droughts in the study area were analyzed, which may provide an important scientific reference for water resource management and agricultural production activities in the ESAC. However, several problems remain unaddressed. First, the SPEI considers only precipitation and evapotranspiration, making it extremely sensitive to temperature increases. It also ignores the nonstationary nature of the hydrometeorological water process; therefore, it is prone to bias in drought detection and may overestimate the intensity and duration of droughts. Therefore, further studies on the application and comparison of various drought indices should be conducted to develop a more effective meteorological drought index. Second, the local water budget is mainly affected by surface evapotranspiration and precipitation. Evapotranspiration is calculated by various methods that provide different results. Therefore, future studies need to explore both the advantages and disadvantages of various evapotranspiration calculation methods (e.g. Hargreaves, Thornthwaite and Penman–Monteith) and their application scenarios. Third, this study focused on the temporal and spatial evolution and periodic characteristics of droughts, without considering the driving mechanisms behind them and their impact on the ecosystem. In future, it will be necessary to focus on a sensitivity analysis of drought indices with regard to climate change. Finally, although this study calculated the SPEI using meteorological data provided by China’s high-density observatory network, deviations and uncertainties were inevitable in the point-to-grid spatialization process. This shortcoming may be avoided by using satellite remote sensing data with high spatiotemporal resolution in the future, which can allow pixel-scale monitoring and simulation of meteorological drought evolution.
Practical implications
Under the background of continuous global warming, the climate in arid and semiarid areas of China has shown a trend of warming and wetting. It means that the plant environment in this region is getting better. In the future, the project of afforestation and returning farmland to forest and grassland in this region can increase the planting proportion of water-loving tree species to obtain better ecological benefits. Meanwhile, this study found that in the relatively water-scarce regions of China, drought duration was dominated by interannual oscillations (3.1a and 7.3a). This suggests that governments and nongovernmental organizations in the region should pay attention to the short drought period in the ESAC when they carry out ecological restoration and protection projects such as the construction of forest reserves and high-quality farmland.
Originality/value
The findings enhance the understanding of the phasic and periodic characteristics of drought changes in the ESAC. Future studies on the stress effects of drought on crop yield may consider these effects to better reflect the agricultural response to meteorological drought and thus effectively improve the tolerance of agricultural activities to drought events.
Details
Keywords
Rihui Ouyang, Wenjun Jing, Zhongyuan Liu and Aidi Tang
China has fully capitalized on the opportunities presented by the latest wave of technological revolution and industrial transformation, paving the way for a path with Chinese…
Abstract
Purpose
China has fully capitalized on the opportunities presented by the latest wave of technological revolution and industrial transformation, paving the way for a path with Chinese characteristics in the development of the digital economy. This paper analyzes the development of China’s digital economy, outlining its path, advantages and challenges. It aims to provide insights into how China capitalized on technological and industrial transformation to foster a digital economy with distinct Chinese characteristics.
Design/methodology/approach
This paper adopts a descriptive analytical approach to outline the evolution of China’s digital economy through various stages of development. It highlights the pivotal role of market demand, the intricate government-market relations and technological advancements in shaping this evolution. The approach also identifies key factors that have contributed significantly to China’s success in digital economy development.
Findings
The key findings reveal that China’s digital economy has grown rapidly, driven by market demand, technological innovation and government support. The “Chinese path” prioritizes consumer internet, leverages scale advantages and emphasizes data-driven development. However, challenges exist in balancing governance systems, endogenous growth and external environments.
Originality/value
This paper offers original insights into the unique development path of China’s digital economy, highlighting its advantages and challenges. It provides valuable insights for other countries seeking to foster their own digital economies, especially in managing government-market relations and leveraging domestic market demand.
Details
Keywords
Steven James Day, Janet Godsell and Yongyi Shou
Foreign firms in China, particularly those from the Global West, are in a difficult position as deglobalisation and strained international relations create risk. This paper offers…
Abstract
Purpose
Foreign firms in China, particularly those from the Global West, are in a difficult position as deglobalisation and strained international relations create risk. This paper offers research avenues on how operations and supply chain management scholars can analyse the risk factors, de-risking practices, and de-risking outcomes of foreign firms in China.
Design/methodology/approach
This paper is primarily based on interviews with managers of foreign firms’ subsidiaries and joint ventures in China between late 2019 and early 2024 and employs institutional theory to develop a conceptual framework.
Findings
Six risk factors motivating foreign firms to consider “China+1” (diversification and multi-sourcing) or “In-China-For-China” (localisation with potential bifurcation) are identified. Four pathways focusing on politics, locations, technologies, and people enable further investigation of these de-risking strategies.
Originality/value
This is the first paper to take a deeper look at perceptions, worries, and considerations of foreign firms in China and offers specific recommendations for impactful research.
Details
Keywords
Xiaoyue Chen, Bin Li, Tarlok Singh and Andrew C. Worthington
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure…
Abstract
Purpose
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure to Chinese economic policy uncertainty at the individual stock level in large Asian markets.
Design/methodology/approach
We estimate the monthly uncertainty exposure (beta) for each stock and then employ the portfolio-level sorting analysis to investigate the relationship between the China’s uncertainty exposure and the future returns of major Asian markets over multiple trading horizons. The raw returns of the high-minus-low portfolios are then adjusted using conventional asset pricing models to investigate whether the relationship is explained by common risk factors. Finally, we check the robustness of the portfolio-level results through firm-level Fama and MacBeth (1973) regressions.
Findings
Applying portfolio-level sorting analysis, we reveal that exposure to Chinese uncertainty is negatively related to the future returns of large stocks over multiple trading horizons in Japan, Hong Kong and India. We discover this is unexplained by common risk factors, including market, size, value, profitability, investment and momentum, and is robust to the specification of stock-level Fama and MacBeth (1973) regressions.
Research limitations/implications
Our analysis demonstrates the spillover effects of Chinese economic policy uncertainty across the region, provides evidence of China's emerging economic leadership, and offers trading strategies for managing uncertainty risks.
Originality/value
The findings of the study significantly improve our understanding of stock return predictability in Asian markets. Unlike previous studies, our results challenge the leading role of the US by providing a new intra-regional return predictor, namely, China’s uncertainty exposure. These results also evidence the continuing integration of the Asian economy and financial markets. However, contrary findings for some Asian markets point toward certain market-specific features. Compared with market-level research, our analysis provides deeper insights into the performance of individual stocks and is of particular importance to investors and other market participants.
Details
Keywords
Yuling Wang, Martin Lockett and Abby Jingzi Zhou
This study explores the role of digitalization, especially mobile apps, in expatriate cross-cultural adjustment. The role of digitalization is under-researched and…
Abstract
Purpose
This study explores the role of digitalization, especially mobile apps, in expatriate cross-cultural adjustment. The role of digitalization is under-researched and under-recognized in the current literature on global mobility, but is becoming a significant factor in expatriate cross-cultural adjustment.
Design/methodology/approach
As the research is exploratory, it uses qualitative methods, specifically in-depth interviews and rigorous thematic analysis. It is based on 31 respondents from 16 higher education organizations across 10 cities in five provinces/municipalities in China, a country with one of the highest levels of digitalization in daily life.
Findings
The most significant finding is that mobile apps are central to expatriate cross-cultural adjustment in China. Such apps both enable adjustment if used actively and hinder adjustment significantly if resisted or not used effectively. However high motivation is required to cope with the incompatibility between the infrastructure of mobile apps in China and expatriates’ previous experiences.
Research limitations/implications
This study is based on expatriate academics in China, where digitalization is widespread and local apps rather than international apps are predominant. Hence expatriates may feel a greater impact of digitalization on daily life and work than in less digitalized societies. A major implication is that digitalization should be considered as a potentially significant factor in expatriate cross-cultural adjustment.
Practical implications
Host country governments, employers, app developers and expatriates, all need to consider the use of mobile apps in cross-cultural adjustment and retention of expatriates.
Originality/value
This study identifies the role of digitalization, especially mobile apps, in expatriate cross-cultural adjustment in a highly digitalized environment, which has not been recognized in previous research. It proposes the concept of “digital distance” that should be considered alongside “cultural distance” in the context of expatriate cross-cultural adjustment.
Details
Keywords
Shanshan Yue, Bajuri Hafiz Norkhairul, Saleh F.A. Khatib and Yini Lee
This study delves into the nuanced relationship between financial constraints, ownership structures (state-owned and foreign) and innovation engagement within China’s A-share…
Abstract
Purpose
This study delves into the nuanced relationship between financial constraints, ownership structures (state-owned and foreign) and innovation engagement within China’s A-share market, aiming to uncover how these dynamics vary across different industries and regional contexts.
Design/methodology/approach
By retrieving data from various datasets in China (2010–2022), this study analyzed the effectiveness of each variable, employing various dimensions to reflect innovation engagement among Chinese listed companies. Meanwhile, for the measurement of financial constraints, this study tested all four typical ones and opted for the KZ Index, as it is the most suitable for China’s A-share market. Then, by fixing the industry and year effects, the study examined the main and moderating effects. At last, in order to address endogeneity issues and capture the dynamic nature of innovation activities, this study follow the suggestion of Khatib (2024) and employed the two-step system Generalized Method of Moments (GMM) estimation.
Findings
The results demonstrate that while the government has introduced many policies to promote innovation, state-owned ownership does not consistently enhance innovation engagement as expected, especially when firms are in financial dilemma. Particularly, in Hi-tech industries, foreign ownership demonstrates greater interest and confidence in the innovation capabilities of China’s A-share market. Findings also reveal significant regional heterogeneity in the moderating role of ownership structures. While state-owned and foreign ownerships have a buffering effect against financial constraints in the eastern and western regions, but this effect is notably different in the middle part, even though it is China’s political heartland.
Originality/value
The findings offer a different insight for policymakers and corporate strategists, suggesting that targeted financial and regulatory policies that leverage specific ownership structures can foster innovation in different ways, particularly in financially constrained environments. However, how to stimulate innovation vitality in the middle part of China still requires further research.
Details
Keywords
This paper aims to provide a more comprehensive look behind the China’s rapid ascent and influence across the African continent by exploring the Sino-African funding data at the…
Abstract
Purpose
This paper aims to provide a more comprehensive look behind the China’s rapid ascent and influence across the African continent by exploring the Sino-African funding data at the project level while incorporating recipient nations’ economic characteristics of interest such as trade data and natural resources endowment.
Design/methodology/approach
Combining AidData’s project reported data with country bilateral exports and imports data and other pertinent African countries’ data, the authors are able to perform a cross-sectional interrogation of China’s finding motives and their impact on the continent. The results indicate that the China’s funding to Africa mostly goes to energy and transportation sectors, as expected, and the recipient country’s exports to China increase as the funding increases. However, the authors find that the impact of China’s financing on the bilateral trade flow is unbalanced because the recipient country’s imports from China are not found to be significant.
Findings
Interestingly, although the analysis confirms that oil is a key contributing factor in attracting China’s funding, the authors discover that there exists no positive relationship between the China funding amount and the recipient country’s general natural resource level. The results do not support the common notion that China is primarily interested in extracting natural resource deposits, aside from oil, from the host nation when they allocate their funding.
Originality/value
Overall, the paper supports the theoretical propositions of the new structural economics framework when it comes to the relationship between China’s funding and the recipient country’s characteristics.
Details
Keywords
Resource mobilization has come to dominate contemporary discourse on the making and survival of social enterprises (SEs). Emphasizing the socially constructed nature of…
Abstract
Purpose
Resource mobilization has come to dominate contemporary discourse on the making and survival of social enterprises (SEs). Emphasizing the socially constructed nature of idiosyncratic firm resource environments, this study integrates bricolage and social exchange theory to explore the means at hand and the kinds of practices SEs in China employ to mobilize resources to address persistent social problems.
Design/methodology/approach
Adopting a qualitative multiple case design, the research contribution is developed in the context of four SEs based in two cities in China selected through a two-stage process. The main data for the inquiry come from 21 face-to-face, semi-structured interviews conducted with key informants in 2018 and 2019. The authors supplemented this with secondary data about each SE curated from social media platforms and publicly available documentary sources, including press statements, reports and popular press video interviews.
Findings
The research findings suggest that SEs in China tend to follow a two-step resource mobilization process: fraternize and exchange. Leveraging the means at hand – “social practice know-how” and the practice of “proactiveness,” SEs strategically engage with actors in their environment (fraternize) to understand and explore the possible sources of the resources they require. Nevertheless, fraternization alone is not sufficient; SEs must demonstrate exchange values (social, economic, functional and regulatory) to convince resource owners to either directly release resources (funds, the right of use of empty spaces, technologies, time and efforts) or offer them indirect support (certification, government procurement). The process of fraternizing within the contingencies of organizing, intertwined with social exchange practices, constitutes the success of resource mobilization. The combination and reconfiguration of the expanded repertoire of mobilized resources provide opportunities for the SEs to make do and, in return, help them maintain their status as valued SEs in China.
Originality/value
This study extends the understanding of bricolage through a social exchange lens to unpack the process through which SEs in China mobilize appropriate resources for their businesses. Emphasizing the importance of the social dimension of bricolage in resource mobilization, a two-step model, comprising fraternization exhibited in the form of social practice know-how and proactiveness and social exchange, is presented as an essential mechanism in SEs’ resource mobilization in China.
Details