scholarly journals Fractal Characteristics of Discontinuous Growth of Digital Company: An Entrepreneurial Bricolage Perspective

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Xiaoyu Yu ◽  
Jiangyong Lu ◽  
Xiaomin Liu ◽  
Yihan Wang ◽  
Yilin Jia
Keyword(s):  
Single Case ◽  
Fractal Theory ◽  
Necessary Condition ◽  
Value Network ◽  
Core Business ◽  
Entrepreneurial Bricolage ◽  
Fractal Characteristics ◽  
Lock In Effect ◽  
Lock In ◽  
Discontinuous Growth

Digital companies exhibit discontinuous growth in the process of shifting from their existing core business to a newer and less familiar business. This pattern of growth often ends in failure mainly because companies invest most of their resources in maintaining the value network of their existing core business, which ultimately results in a “lock-in” effect. The fractal theory assumes that there are similarities among fractals within companies. These similarities may reduce the threats posed by the value network lock-in effect and increase the chances of successful discontinuous growth. In this study, we applied fractal theory to consider the following questions: (1) in what aspects does the successful discontinuous growth of digital companies exhibit fractal characteristics? (2) What strategy does digital companies use to ensure these fractal characteristics? We adopted an exploratory single-case study method and chose ByteDance as the case company to analyze its successful shift from Toutiao (a media platform) to Douyin (a short-video sharing platform). Our results show that (1) a necessary condition for the successful discontinuous growth of digital companies is that similarities exist (e.g., in technology or customer base) between the existing core business and the new business and (2) entrepreneurial bricolage is a strategy used by digital companies to ensure the existence of fractal characteristics of similarities. We discuss the theoretical contributions and practical implications of this finding.

The Capital Gains Lock-In Effect and Earnings Quality

2019 ◽  
Author(s):  
Stephen G. Dimmock ◽  
Fan Feng ◽  
Huai Zhang
Keyword(s):  
Earnings Quality ◽  
Capital Gains ◽  
Lock In Effect ◽  
Lock In

scholarly journals Informal Reform of the United Nations Security Council

2018 ◽  
Vol 40 (1) ◽  
pp. 97-115
Author(s):  
Mariana Pimenta Oliveira Baccarini
Keyword(s):  
Cold War ◽  
United Nations ◽  
Security Council ◽  
United Nations Security Council ◽  
Decision Making Process ◽  
Institutional Perspective ◽  
The United Nations ◽  
Lock In Effect ◽  
The Cold War ◽  
Lock In

Abstract This article analyses attempts to reform the United Nations Security Council from a historical-institutional perspective. It argues that the possibilities for reform have suffered from a ‘lock-in’ effect that has rendered the UN resistant to change. On the other hand, the UN decision-making process has evolved since its establishment, especially since the end of the Cold War, in response to new power aspirations, making it more representative and legitimate. The Security Council has also undergone continuous informal reform that has allowed it to adapt to new times.

scholarly journals Development of Back-calculation Model for Aggregate Gradation Determination Using Fractal Theory

2018 ◽  
Vol 159 ◽  
pp. 01006
Author(s):  
Bagus Hario Setiadji ◽  
Supriyono ◽  
Djoko Purwanto
Keyword(s):  
Fractal Dimension ◽  
Fractal Theory ◽  
Asphalt Mixture ◽  
Fractal Dimensions ◽  
Calculation Model ◽  
Careful Consideration ◽  
Upper And Lower Bounds ◽  
Aggregate Gradation ◽  
Fractal Characteristic ◽  
Fractal Characteristics

Several studies have shown that fractal theory can be used to analyze the morphology of aggregate materials in designing the gradation. However, the question arises whether a fractal dimension can actually represent a single aggregate gradation. This study, which is a part of a grand research to determine aggregate gradation based on known asphalt mixture specifications, is performed to clarify the aforementioned question. To do so, two steps of methodology were proposed in this study, that is, step 1 is to determine the fractal characteristics using 3 aggregate gradations (i.e. gradations near upper and lower bounds, and middle gradation); and step 2 is to back-calculate aggregate gradation based on fractal characteristics obtained using 2 scenarios, one-and multi-fractal dimension scenarios. The results of this study indicate that the multi-fractal dimension scenario provides a better prediction of aggregate gradation due to the ability of this scenario to better represent the shape of the original aggregate gradation. However, careful consideration must be observed when using more than two fractal dimensions in predicting aggregate gradation as it will increase the difficulty in developing the fractal characteristic equations.

scholarly journals Effect of Grain Size on Microscopic Pore Structure and Fractal Characteristics of Carbonate-Based Sand and Silicate-Based Sand

2021 ◽  
Vol 5 (4) ◽  
pp. 152
Author(s):  
Shao-Heng He ◽  
Zhi Ding ◽  
Hai-Bo Hu ◽  
Min Gao
Keyword(s):  
Grain Size ◽  
Fractal Dimension ◽  
Pore Structure ◽  
Pore Size ◽  
Quartz Sand ◽  
Glass Bead ◽  
Fractal Theory ◽  
Calcareous Sand ◽  
Wide Range ◽  
Fractal Characteristics

In this study, a series of nuclear magnetic resonance (NMR) tests was conducted on calcareous sand, quartz sand, and glass bead with a wide range of grain sizes, to understand the effect of grain size on the micro-pore structure and fractal characteristics of the carbonate-based sand and silicate-based sand. The pore size distribution (PSD) of the tested materials were obtained from the NMR T2 spectra, and fractal theory was introduced to describe the fractal properties of PSD. Results demonstrate that grain size has a significant effect on the PSD of carbonate-based sand and silicate-based sand. As grain size increases, the PSD of sands evolves from a binary structure with two peaks to a ternary structure with three peaks. The increase in the grain size can cause a remarkable increase in the maximum pore size. It is also found that the more irregular the particle shape, the better the continuity between the large and medium pores. In addition, grain size has a considerable effect on the fractal dimension of the micro-pore structure. The increase of grain size can lead to a significant increase in the heterogeneity and fractal dimension in PSD for calcareous sand, quartz sand and glass bead.

Application of Fractal Theory in Aggregate Gradation Research

2012 ◽  
Vol 204-208 ◽  
pp. 1923-1928
Author(s):  
Bo Tan ◽  
Rui Hua Yang ◽  
Yan Ting Lai
Keyword(s):  
Fractal Dimension ◽  
Fractal Theory ◽  
Asphalt Mixture ◽  
Fractal Dimensions ◽  
Aggregate Gradation ◽  
Structure Characteristics ◽  
Aggregate Distribution ◽  
Dimension Formula ◽  
Mass Fractal ◽  
Fractal Characteristics

The paper presents the fractal dimension formula of distribution of asphalt mixture aggregate diameter by the deducing mass fractal characteristics function. Taking AC-20 and SMA-20 as examples, selected 6 groups of representative grading curves within the grading envelope proposed by the present specification, and calculated their fractal dimensions. The asphalt mixture gradation has fractal dimension D (D∈(1,3)), and the fractal of continuous gradation is single while the fractal of gap-gradation shows multi-fractal with 4.75 as the dividing point. Fractal dimension of aggregate gradation of asphalt mixture reflect the structure characteristics of aggregate distribution, that is, finer is aggregate, bigger is the fractal dimension.

Complaint behaviour in multichannel retailing: a cross-stage approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Marta Frasquet ◽  
Marco Ieva ◽  
Cristina Ziliani
Keyword(s):  
Online Survey ◽  
Latent Class ◽  
Service Failure ◽  
Service Recovery ◽  
Content Type ◽  
Multichannel Retailing ◽  
Synergy Effects ◽  
Lock In Effect ◽  
Lock In ◽  
Post Purchase

PurposeThis paper analyses how the purchase channel and customer complaint goals affect the sequential choice of post–purchase complaint channels when customers experience a service failure followed by a service recovery failure (double deviation).Design/methodology/approachAn online survey involving a scenario manipulation was conducted with 577 apparel shoppers. The study employs multi-group latent class analysis to estimate latent customer segments within both online and offline groups of shoppers and compare latent classes between the two groups.FindingsThe results show that the purchase channel has a lock-in effect on the complaint channel, which is stronger for offline buyers. Moreover, there is evidence of channel synergy effects in the case of having to complain twice: shoppers who complain in store in the first attempt turn to online channels in the second complaint attempt, and vice versa. Complaint goals shape the choice of complaint channels and define different shopper segments.Originality/valueThe present study is the first to adopt a cross-stage approach that analyses the dependencies between the purchase channel and the complaint channel used on two subsequent occasions: the first complaint after a service failure and the second following a service recovery failure.

Germany's Repeal of the Corporate Capital Gains Tax: The Equity Market Response

2004 ◽  
Vol 26 (s-1) ◽  
pp. 73-97 ◽  
Author(s):  
Courtney H. Edwards ◽  
Mark H. Lang ◽  
Edward L. Maydew ◽  
Douglas A. Shackelford
Keyword(s):  
Abnormal Returns ◽  
Economic Effects ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Cross Sectional ◽  
Price Response ◽  
Corporate Capital ◽  
Market Values ◽  
Lock In Effect ◽  
Lock In

In late 1999, the German government made a surprise announcement that it would repeal the large and long-standing capital gains tax on sales of corporate crossholdings effective in 2002. The repeal has been hailed as a revolutionary step toward breaking up the extensive web of crossholdings among German companies. The lock-in effect from the large corporate capital gains tax was said to act as a barrier to efficient acquisition and divestiture of German firms and divisions. Many observers predicted that once the lock-in effect was removed, Germany would experience a flurry of acquisition and divestiture activity. Several other industrialized countries were poised to follow suit, with similar proposals pending in France, Japan, and the United Kingdom. This paper provides evidence of the economic impact of the repeal by examining its effect on the market values of German firms. While event studies of tax legislation can be difficult, our study is aided by the fact that the repeal was both a surprise and was announced separately from other tax reform proposals. In addition, we provide cross-sectional evidence on the economic magnitude of the repeal, assess the likely beneficiaries from the repeal, and predict which sectors are most likely to experience a surge in acquisition and divestiture activity following the repeal. Our results suggest that the economic effects are highly concentrated. We find a positive association between firms' event period abnormal returns and the extent of their crossholdings, consistent with taxes acting as a barrier to efficient allocation of ownership. However, the reaction is limited to the six largest banks and insurers and their extensive minority holdings in industrial firms. These six large firms have a combined market capitalization equal to 22 percent of all 394 firms in this study. We also find evidence of a positive stock price response to the announcement for industrial companies held by these financial firms, consistent with shareholders in those firms benefiting from the likely reduction in investor-level tax burdens and expected increased efficiency following the tax law change.

Lock-in Effect in Fiber Ring Laser Gyros

2010 ◽  
Vol 37 (10) ◽  
pp. 2487-2490 ◽  
Author(s):  
苏觉 Su Jue ◽  
钱景仁 Qian Jingren
Keyword(s):  
Ring Laser ◽  
Fiber Ring Laser ◽  
Fiber Ring ◽  
Lock In Effect ◽  
Lock In
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