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1 – 10 of 27Lixia Wang, Yingqian Gu and Wanxin Liu
Under the background of continuous sluggishness of the real economy and expansion of asset sectors, the Chinese economy exists a trend of “from the real to the virtual.” Managing…
Abstract
Purpose
Under the background of continuous sluggishness of the real economy and expansion of asset sectors, the Chinese economy exists a trend of “from the real to the virtual.” Managing the corporate financialization is the key to prevent the real economy “from real to virtual.” The paper explores the influence of family involvement on corporate financialization since family firms are an important proportion of real sectors.
Design/methodology/approach
Based on Socioemotional Wealth Theory, this paper makes empirical study using the data of Chinese A-share listed companies from 2008 to 2022 to explore the influence of family involvement on corporate financialization, mainly from the perspectives of family engagement, family identity of CEO and family control power.
Findings
These are the findings: (1) Family engagement will inhibit corporate financialization; (2) Compared with employing external managers, family members acting as CEOs will decrease corporate financialization; (3) The proportion of family ownership is negatively correlated with the level of corporate financialization.
Originality/value
The originality of this paper include these: (1) Analyzing the differences in the financialization of real enterprises with different characteristics and attributes; (2) Expanding the research on the internal motivation of the financialization of the real enterprises, and supplementing the research literature on family firms and corporate financialization; (3) Exploring the internal influence mechanism of financialization of family firms under the background of Chinese culture.
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Yingqian Gu, Wenqi Zhang, Lin Sha and Lixia Wang
This paper aims to explore the impact of corporate financialization (CF) on green innovation (GI) and further disclose the moderating role of CEO’s individual characteristics in…
Abstract
Purpose
This paper aims to explore the impact of corporate financialization (CF) on green innovation (GI) and further disclose the moderating role of CEO’s individual characteristics in such relationship from the perspective of corporate governance.
Design/methodology/approach
This paper uses empirical research methods to study the impact of CF on GI based on the evidence from China capital market.
Findings
The findings indicate that: CF has a significant inhibiting effect on GI; female CEOs weaken the inhibiting effect of CF on GI compared to male CEOs; and CEO’s financial background positively moderates the inhibiting effect of CF on GI.
Originality/value
This paper, first, supplements the research literature on the economic consequences of CF and influencing factors of GI in non-financial firms. Then, it opens up the internal impact mechanism of CF on GI, which is moderated by the individual characteristics of corporate CEOs. Finally, it provides important reference for how to suppress CF of non-financial firms, cultivate CEOs that meet the needs of corporate development and promote GI development of enterprises through empirical evidence from China.
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Lixia Wang, Xin Zhang, Beibei Yan and Vigdis Boasson
This paper aims to examine the internal logical relationship between two intergenerational inheritance ways of passing property rights and residual control rights (RCR) and to…
Abstract
Purpose
This paper aims to examine the internal logical relationship between two intergenerational inheritance ways of passing property rights and residual control rights (RCR) and to construct a conceptual model comprising transfer elements, paths and timing of succession in this process.
Design/methodology/approach
Driven by the cases of Haixin, Tianyijiao and Changhe Group, this paper applies research methods of copying and expanding analysis logic, progressive deduction, content analysis and comparative research based on the perspective of HeXie theory to explore the deep interrelation of transfer elements, paths and timing during family business succession.
Findings
The findings present that the content of intergenerational inheritance of a family firm is the inheritance of property rights and RCR. First, the inheritance of property rights is a static inheritance of time-point delivery, whereas the inheritance of RCR is a dynamic inheritance process for a period of time. Second, the inheritance of property rights and RCR are not independent; only a “HeXie” succession of both rights can realize a successful inheritance of family firms.
Originality/value
This paper constructs the paths and timing model of intergenerational inheritance of property rights and RCR in family firms. This paper integrates the current literature studies on the family inheritance of property rights and RCR and explains their internal mechanisms. This paper also provides a theoretical foundation and empirical evidence for family business transitions in the business world.
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XuJin Lang, Liping Wang, Xin Du, Lixia Li and Dongya Zhang
This paper aims to synthesize a novel alkanolamine borate and explore the performance of as a copper wire drawing oil.
Abstract
Purpose
This paper aims to synthesize a novel alkanolamine borate and explore the performance of as a copper wire drawing oil.
Design/methodology/approach
In this paper, a copper wire drawing oil (CU-KL) was formulated by using a novel alkanolamine borate, naphthenic base oil, fatty alcohol polyoxyethylene ether and palm oil. The tribological performance of CU-KL and commercial copper wire drawing oils (CU-DRB and CU-8010) was investigated
Findings
Under applied loads of 5 N-15 N, the average friction coefficient of CU-KL was 29.4%, 5.4% and 25.3% lower than that of CU-DRB, respectively. At sliding speed of 1000–5000 rpm, the average friction coefficient of CU-KL was reduced by 14.3%, 6% and 10.3% compared with CU-DRB, respectively. Through scanning electron microscope and energy dispersive spectrometry, CU-KL can form B-containing compound at the contact interface, which could synergistically enhance the lubrication effect and improve the wear resistance.
Originality/value
The properties of CU-KL under different test condition were studied, and the findings are of great significance for the application of alkanolamine borate in copper wire drawing oil.
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Tianji Xing, Lixia Ying, Chunxi Wu, Zhen Fu and Guixiang Wang
The purpose of this paper is to improve binding force between the coating and the steel substrate by using chemical modification on the steel surface; at the same time, it can…
Abstract
Purpose
The purpose of this paper is to improve binding force between the coating and the steel substrate by using chemical modification on the steel surface; at the same time, it can also increase the corrosion resistance of the coating.
Design/methodology/approach
The main components of the conversion film include tannic acid, sodium molybdate and silane coupling agent KH560. After the preparation was completed, the samples were tested and analyzed, including surface morphology, conversion film components, bonding force with organic resins and corrosion resistance. Finally, it drew a conclusion that the conversion film can greatly improve the bonding strength of the steel substrate and epoxy resin.
Findings
When the content of tannic acid is 4 g/L meanwhile the content of KH560 is 20 g/L, the conversion film has the strongest binding force with epoxy resin, from 2.15 Mpa of untreated steel to 4.60 Mpa, growth of 140 per cent. At the same time, the resulting conversion film also improves the corrosion resistance of the steel surface by a small margin.
Originality/value
A method of enhancing the bond between an epoxy coating and steel is provided. Verify the mechanism of this method.
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Gaoyuan Qin, Fengming Tao, Lixia Li and Zhenyu Chen
In order to reduce logistics transportation costs and respond to low-carbon economy, the purpose of this paper is to study the more practical and common simultaneous pickup and…
Abstract
Purpose
In order to reduce logistics transportation costs and respond to low-carbon economy, the purpose of this paper is to study the more practical and common simultaneous pickup and delivery vehicle routing problem, which considers the carbon tax policy. A low-carbon simultaneous pickup and delivery vehicle routing problem model is constructed with the minimum total costs as the objective function.
Design/methodology/approach
This study develops a mathematical optimization model with the minimum total costs, including the carbon emissions costs as the objective function. An adaptive genetic hill-climbing algorithm is designed to solve the model.
Findings
First, the effectiveness of the algorithm is verified by numerical experiments. Second, the research results prove that carbon tax mechanism can effectively reduce carbon emissions within effective carbon tax interval. Finally, the research results also show that, under the carbon tax mechanism, the effect of vehicle speed on total costs will become more obvious with the increase of carbon tax.
Research limitations/implications
This paper only considers the weight of the cargo, but it does not consider the volume of the cargo.
Originality/value
Few studies focus on environmental issues in the simultaneous pickup and delivery problem. Thus, this paper constructs a green path optimization model, combining the carbon tax mechanism for the problem. This paper further analyzes the impact of carbon tax value on total costs and carbon emission; at the same time, the effect of vehicle speed on total cost is also analyzed.
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Lixia Niu, Rui Zhao and Yisong Wei
The purpose of this paper is to explore the mechanism and boundary conditions in the relationship between differential leadership and team decision-making effectiveness.
Abstract
Purpose
The purpose of this paper is to explore the mechanism and boundary conditions in the relationship between differential leadership and team decision-making effectiveness.
Design/methodology/approach
A total of 366 valid questionnaires were received from employees of high-tech enterprises in China, regression-based moderation and bootstrapping analyses were adapted to analyze data and test hypotheses by using the PROCESS syntax in SPSS software.
Findings
Differential leadership can positively contribute to team decision-making effectiveness, and thriving at work mediates the relationship between the two, and cooperative goal perception plays a moderating role in the relationship between thriving at work and team decision-making effectiveness and cooperative goal perception moderate the mediating effect of thriving at work between differential leadership and team decision-making effectiveness.
Practical implications
The findings suggest that managers need to focus on leadership style to promote improved team decision-making effectiveness by enhancing thriving at work and cooperative goal perception.
Originality/value
Overall, this study is based on the conservation of resources theory to uncover the “black box” between differential leadership and team decision-making effectiveness and to highlight the important role of thriving at work and cooperative goal perception.
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