Three views of China’s economic future

2017 ◽  
Vol 45 (5) ◽  
pp. 33-40
Author(s):  
Jonathan Brookfield
Keyword(s):  
Interest Rates ◽  
Rapid Growth ◽  
Design Methodology ◽  
Consumer Spending ◽  
Content Type ◽  
Steady Growth ◽  
Low Interest Rates ◽  
Economic Future ◽  
Practical Implications ◽  
China’S Economy

Purpose The author presents practitioners with an overview of experts’ outlook for China econmic future. While some observers see the likelihood of a decade of continued rapid growth ahead, others see major economic challenges on the horizon. Design/methodology/approach To better understand the forces at play, consider the rationale underpinning three experts’ different perspectives on the future of China’s economy. Findings The author looks at the thinking underlying three vies: Confidence in steady growth: optimism based on China’s continuing “latecomer advantage” and its plentiful investment resources. Cautionary warning: pessimism based largely on his perception of China’s debt load and structural economic limits to consumer spending. Why you shouldn’t bet on pessimism: a rebuttal to much of the reasoning underpinning gloomy growth forecasts. Practical implications Taken together, a weak renminbi, low interest rates, and restrained wage growth would signal efforts to maintain the viability of China’s “latecomer” economic model. Originality/value The article helps practitioners understand the logic behind optimistic and pessimistic view of China’s economy so that as events develop observers can better understand which future is unfolding and what risks increasing or decreasing.

scholarly journals The easy-money effect: credit card spending and hard-work reminders

2017 ◽  
Vol 34 (7) ◽  
pp. 541-551 ◽  
Author(s):  
King-Yin Wong ◽  
Michael Lynn
Keyword(s):  
Implicit Association Test ◽  
Credit Card ◽  
Design Methodology ◽  
Credit Cards ◽  
Association Test ◽  
Hard Work ◽  
Implicit Association ◽  
Consumer Spending ◽  
Content Type ◽  
Practical Implications

Purpose This research paper aims to examine the proposed easy-money effect of credit cards, which stimulates consumers to overspend. This paper shows how such an easy-money effect can be weakened. Design/methodology/approach In Study 1, an implicit association test was conducted with a sample of 169 participants to test the proposed credit card easy-money effect. In Study 2, experimental data were collected online from 365 participants to test the effectiveness of a hard-work reminder in weakening credit cards’ easy-money effect on consumer spending. Findings The proposed credit card easy-money effect exists, with spendthrift (ST) participants associating money with hard work less in the implicit association test after being presented with a credit card cue versus neutral cue. The results from Study 2 show that ST participants spent more on their dinner than tightwad participants when shown a credit card cue. However, this effect could be weakened when STs were also reminded of their hard work by a picture accompanied with words. Practical implications This paper suggests that credit cards’ spending-stimulating effect is due to consumers’ associations between credit cards and easy money. Based on this notion, this paper suggests conditions in which credit cards will stimulate more and less spending. Originality/value This is the first research attempt to examine the credit cards’ easy-money effect and the effectiveness of reminding consumers of their hard work to mitigate credit cards’ long-established spending-stimulating effect.

Sport in Europe’s era of austerity: crisis or adaptation?

2017 ◽  
Vol 37 (1/2) ◽  
pp. 123-130 ◽  
Author(s):  
Ken Roberts
Keyword(s):  
Public Sector ◽  
Financial Crisis ◽  
Design Methodology ◽  
Review Of Literature ◽  
Consumer Spending ◽  
Historical Trends ◽  
Content Type ◽  
Financial Crisis Of 2008 ◽  
Practical Implications

Purpose The purpose of this paper is to assess whether European sport has been damaged or adapted during the austerity in public sector and consumer spending that has followed the financial crisis of 2008-2009. Design/methodology/approach Review of literature and data. Findings Sport has adapted successfully. Research limitations/implications The overall conclusions will not apply to every sport in every country. Practical implications Sport flourishes when it adapts to historical trends. Originality/value Updates all previous reviews.

Drones in sight: rapid growth through M&A’s in a soaring new industry

2016 ◽  
Vol 32 (6) ◽  
pp. 37-39 ◽  
Author(s):  
Dyveke Weissbach ◽  
Kathryn Tebbe
Keyword(s):  
Mergers And Acquisitions ◽  
Rapid Growth ◽  
Design Methodology ◽  
Reading Time ◽  
Content Type ◽  
Mode Of Entry ◽  
Recent Developments ◽  
Pertinent Information ◽  
New Industry ◽  
Practical Implications

Purpose The purpose of this paper is to review the recent developments within the non-military drone industry, and the increase thereafter of investment within the industry through mergers and acquisitions. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The rapid growth of the drone industry has caught the interest of firms and one mode of entry for many of these firms has been through mergers and acquisitions of emerging drone companies. Although the commercial-drone industry is still in its early stages, market consolidations and major investments are occurring despite strict governmental regulations. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Bankruptcy protection duration and outcome of Canadian public firms

2019 ◽  
Vol 15 (5) ◽  
pp. 858-888 ◽  
Author(s):  
Mohamed A. Ayadi ◽  
Skander Lazrak ◽  
Dan Xing
Keyword(s):  
Interest Rates ◽  
Design Methodology ◽  
Final Solution ◽  
Survival Analyses ◽  
Content Type ◽  
Public Firms ◽  
Listed Firms ◽  
Term Spread ◽  
Practical Implications ◽  
Protection Period

PurposeThe purpose of this paper is to investigate the determinants of bankruptcy protection duration of Canadian public firms, and also investigate the duration for various bankruptcy outcomes including the liquidation and re-emergence of bankrupt firms.Design/methodology/approachThis study uses data on all Canadian public firms that applied for bankruptcy protection over the period 1992–2014. The authors mainly apply duration and survival analyses to draw the main conclusions.FindingsThe authors find that larger and older firms with more complicated structures and issues to settle tend to remain under protection from creditors longer, and also ascertain that the fate of relatively successful companies is determined faster. Moreover, the authors report that it takes less time to achieve a final solution for firms under bankruptcy protection when interest rates are increasing and the term spread is high. Finally, firms that file for protection under the Companies’ Creditors Arrangement Act (CCAA) spend longer restructuring than firms that file under the Bankruptcy and Insolvency Act.Research limitations/implicationsThe paper investigates only publicly listed firms. The data on private firms that are required to conduct the research are not available.Practical implicationsVarious stakeholders including regulators can predict the bankruptcy protection period using the paper’s findings. Depending on the desired outcomes (reduce uncertainly, safeguard jobs or protect creditors’ rights), specific rules can be followed.Originality/valueTo the authors; knowledge, this is the first paper that investigates the Canadian bankruptcy protection duration. It uses the unique Canadian framework to infer the determinants of bankruptcy protection duration and bankrupt firms’ outcomes.

Asset risk and leverage under information asymmetry

2017 ◽  
Vol 18 (3) ◽  
pp. 303-310
Author(s):  
Pascal Nguyen
Keyword(s):  
Interest Rates ◽  
Lower Risk ◽  
Design Methodology ◽  
Cost Of Debt ◽  
Minimum Level ◽  
Content Type ◽  
Asset Risk ◽  
Tax Shields ◽  
Optimal Leverage ◽  
Practical Implications

Purpose The purpose of this paper is to investigate whether higher asset risk can be associated with higher leverage and to provide a rationale for the relatively low debt ratios displayed by many firms. Design/methodology/approach A game is modeled between an informed firm and uninformed lenders. The firm knows the risk of its assets, while lenders only know the minimum level of risk. The author solves for the signaling equilibrium and derive explicit formulas for the firm’s cost of debt and optimal leverage. Findings In contrast to the tradeoff theory of capital structure, it is found that asset risk and leverage are positively (instead of negatively) related. Furthermore, leverage is lower than when lenders are informed about the firm’s risk. These results are illustrated with a numerical example. Practical implications Low-risk firms can choose a lower leverage to signal their lower risk and reduce their cost of debt. High-risk firms may prefer to pay higher interest rates and use higher leverage. Originality/value The paper is able to explain why some firms use surprisingly low leverage and do not appear to take advantage of their debt tax shields.

The Arches heritage inventory and management system: a platform for the heritage field

2016 ◽  
Vol 6 (2) ◽  
pp. 213-224 ◽  
Author(s):  
David Myers ◽  
Alison Dalgity ◽  
Ioannis Avramides
Keyword(s):  
Open Source ◽  
Open Source Software ◽  
Management System ◽  
Design Methodology ◽  
Content Type ◽  
Digital Heritage ◽  
System A ◽  
Steady Growth ◽  
Software Implementations ◽  
Practical Implications

Purpose – The purpose of this paper is to describe the Arches heritage inventory and management system for the benefit of practitioners working with heritage inventories. Arches is a modern software platform purpose-built for the creation and management of inventories to support effective heritage place management. The system was developed as open source software jointly by the Getty Conservation Institute (GCI) and World Monuments Fund (WMF). Design/methodology/approach – The paper discusses the needs and challenges addressed by the GCI and WMF in developing Arches, explains the system’s design and functionality, reports on software releases and ongoing enhancements, describes current software implementations, and concludes by discussing the role and growth of the open source community and the Arches project’s aspirations. Findings – The needs and challenges in the heritage field that the GCI and WMF originally identified have been confirmed through interactions between the Arches project and a range of practitioners. The suitability of Arches to address these needs is demonstrated through steady growth of the open source community and an increasing number of implementations of the Arches platform. Practical implications – Arches provides a purpose-built system that is freely available and ready for use. It offers a system that requires a marginal investment by organizations compared to building digital inventories from scratch. The Arches project has created an international community of information technology and heritage practitioners to share experience, knowledge, and skills to address their common challenges in dealing with digital inventories. Originality/value – The paper offers heritage practitioners details on a new tool for overcoming their challenges in building and managing digital heritage inventories.

Consumer value creation through WhatsApp use

2019 ◽  
Vol 32 (4) ◽  
pp. 455-471
Author(s):  
Jorge Cruz-Cárdenas ◽  
Jorge Guadalupe-Lanas ◽  
Ekaterina Zabelina ◽  
Andrés Palacio-Fierro ◽  
Margarita Velín-Fárez ◽  
...  
Keyword(s):  
Latin American ◽  
Value Creation ◽  
Emotional Support ◽  
Design Methodology ◽  
Instant Messaging ◽  
Role Performance ◽  
Content Type ◽  
Consumer Value ◽  
Depth Interviews ◽  
Practical Implications

Purpose The purpose of this paper is to understand in-depth how consumers create value in their lives using WhatsApp, the leading mobile instant messaging (MIM) application. Design/methodology/approach The study adopts the perspective of customer-dominant logic (CDL) and uses a qualitative multimethod design involving 3 focus groups and 25 subsequent in-depth interviews. The research setting was Ecuador, a Latin American country. Findings Analysis and interpretation of the participants’ stories made it possible to identify and understand the creation of four types of value: maintaining and strengthening relationships; improving role performance; emotional support; and entertainment and fun. In addition, the present study proposes a conceptual model of consumer value creation as it applies to MIM. Practical implications Understanding the way consumers create value in their lives using MIM is important not only for organizations that offer MIM applications, but also for those companies that develop other applications for mobile phones or for those who wish to use MIM as an electronic word-of-mouth vehicle. Originality/value The current study is one of the first to address the topic of consumer behavior in the use of technologies from the perspective of CDL; this perspective enables an integrated qualitative vision of value creation in which the consumer is the protagonist.

scholarly journals Advantages and potential challenges of data management in e-maintenance

2019 ◽  
Vol 25 (3) ◽  
pp. 378-396 ◽  
Author(s):  
Arian Razmi-Farooji ◽  
Hanna Kropsu-Vehkaperä ◽  
Janne Härkönen ◽  
Harri Haapasalo
Keyword(s):  
Data Management ◽  
Design Methodology ◽  
Management Practices ◽  
Future Research ◽  
Conceptual Approach ◽  
Content Type ◽  
Different Types ◽  
Maintenance Systems ◽  
Industry Leader ◽  
Practical Implications

Purpose The purpose of this paper is twofold: first, to understand data management challenges in e-maintenance systems from a holistically viewpoint through summarizing the earlier scattered research in the field, and second, to present a conceptual approach for addressing these challenges in practice. Design/methodology/approach The study is realized as a combination of a literature review and by the means of analyzing the practices on an industry leader in manufacturing and maintenance services. Findings This research provides a general understanding over data management challenges in e-maintenance and summarizes their associated proposed solutions. In addition, this paper lists and exemplifies different types and sources of data which can be collected in e-maintenance, across different organizational levels. Analyzing the data management practices of an e-maintenance industry leader provides a conceptual approach to address identified challenges in practice. Research limitations/implications Since this paper is based on studying the practices of a single company, it might be limited to generalize the results. Future research topics can focus on each of mentioned data management challenges and also validate the applicability of presented model in other companies and industries. Practical implications Understanding the e-maintenance-related challenges helps maintenance managers and other involved stakeholders in e-maintenance systems to better solve the challenges. Originality/value The so-far literature on e-maintenance has been studied with narrow focus to data and data management in e-maintenance appears as one of the less studied topics in the literature. This research paper contributes to e-maintenance by highlighting the deficiencies of the discussion surrounding the perspectives of data management in e-maintenance by studying all common data management challenges and listing different types of data which need to be acquired in e-maintenance systems.

An exploratory empirical study of whistleblowing and whistleblowers

2020 ◽  
Vol 27 (3) ◽  
pp. 755-770
Author(s):  
Maria Krambia-Kapardis
Keyword(s):  
Statistical Analysis ◽  
Design Methodology ◽  
Research Topic ◽  
Due Date ◽  
Content Type ◽  
Unethical Behaviour ◽  
Eu Member States ◽  
European Directive ◽  
Original Survey ◽  
Practical Implications

Purpose The purpose of this study is to develop a profile of whistleblowers and to determine whether whistleblowing legislation would encourage those individuals to bring to light some illegal or unethical behaviour that otherwise would remain in the shadows. Design/methodology/approach Having identified whistleblowing correlation, a survey was carried out in Cyprus of actual whistleblowers and could-have-been whistleblowers. Findings Males between 46 and55 years of age, regardless of whether they have dependents or hold senior positions in organizations are significantly more likely to blow the whistle. However, could-have-been whistleblowers did not go ahead because they felt that the authorities would not act on their information. Research limitations/implications Because of the sensitive nature of the research topic and the fact that only whistleblowers or intended whistleblowers could participate in the study, the sample size is limited as a result. This, in turn, limits both the number of respondents in each category (actual and intended) as well as constrains the statistical analysis that could be carried out on the data. Practical implications It remains to be seen whether EU Member States shall implement the European Directive 2019/1937 on the protection of persons who report breaches of Union Law, in its entirety by the due date, namely December 2021. Originality/value This study provides a literature review of whistleblowing and reports an original survey against the backdrop of the European Directive.

How Phillips saw the light

2020 ◽  
Vol 36 (8) ◽  
pp. 29-31
Keyword(s):  
Design Methodology ◽  
Reading Time ◽  
Daily Basis ◽  
Business World ◽  
Content Type ◽  
Freak Show ◽  
The World ◽  
Pertinent Information ◽  
The One ◽  
Practical Implications

Purpose Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The problem with developing a reputation of being something of an oracle in the business world is that all of a sudden, everyone expects you to pull off the trick of interpreting the future on a daily basis. Like a freak show circus act or one-hit wonder pop singer, people expect you to perform when they see you, and they expect you to perform the thing that made you famous, even if it is the one thing in the world you don’t want to do. And when you fail to deliver on these heightened expectations, you are dismissed as a one trick pony, however good that trick is in the first place. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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