2024-Peking University HSBC Business School(PHBS)

Does a Rising Tide Lift All Boats? An Empirical Analysis of the Relationship Between Country Digitalization and Low-Tech SMEs Performance

Abstract:The rapid emergence of digital technologies has considerably changed the environment for firms' survival and development, reshaping the way they operate and gain competitiveness in the market. The influence of digitalization on firms has emerged as a critical research topic. Nevertheless, studies on the relationship between digitalization and firms' performance remain scarce. Based on a European ...

Antonella Francesca Cicchiello, Maria Cristina Pietronudo*, Salvatore Perdichizzi, Yue Cheng

ARTICLE | Technological Forecasting and Social Change | 2024、207

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How Does Economic Policy Uncertainty Impact a Country's Position in Global Value Chains?

Abstract:Economic globalization in the 21st century has been characterized by the rise and spread of global value chains (GVCs). It faces significant challenges due to increasing domestic and international policy uncertainty in the context of emerging mega risks like geopolitical tensions and climate change. This paper begins by constructing a theoretical model for an open economy to study how risk-...

Jiaxuan Zhang, Hongsheng zhang, Xuhang Shen, Bo Meng*

ARTICLE | China & World Economy| 2024、32、5

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Tightening Policy and Housing Price Bubbles: Examining an Episode in the Chinese Housing Market

Abstract:Housing markets are often characterized by price bubbles, and governments have instituted policies to stabilize them. Under this circumstance, this study addresses the following questions. (1) Does policy tightening change expectations in housing prices, revealing a regime change? (2) If so, what determines the housing market’s reaction to policy tightening? To answer these questions, we ...

Kwangwon Ahn, Minhyuk Jeong, Jinu Kim, Domenico Tarzia*, Ping Zhang

ARTICLE | Plos One

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Interpersonal Interactions, Sense of Loneliness and Perceived Depressive Emotions Among Older Adults: A Cultural-Psychological Perspective from Heterogeneous Roles of Different Relationships

Abstract:In the context of the “Chinese Differential Mode of Association” in traditional Chinese culture, this paper examines the heterogeneous effects of interpersonal interactions in different relationships on older adults’ depressive emotions from a cultural-psychological perspective. Results using data from Chinese General Social Survey demonstrate that: interactions with children are the most ...

Chao Li*, Xiang Ii, Yuhan Zhang, Wenyu Lao

ARTICLE | SSM-Population Health |2024、27

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Fantasy of Success, Fear of Failure and Entrepreneurial Choice: The Moderating Role of Business Vibrancy and Failure Experience

Abstract:PurposeThis study investigates the impact of internal expectations, such as fantasy of success and fear of failure and external factors, such as social environment and past experiences, on entrepreneurial choice.Design/methodology/approachBased on achievement motivation and social cognitive theories, the authors construct hypotheses and use secondary data from the Global Entrepreneurship Monitor ...

Yue Cheng, Yi Zheng, Francesco Schiavone*, Octavio R. Escobar

ARTICLE | International Journal of Entrepreneurial Behavior & Research| 2024、30、11

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Life Cycle Techno-Economic-Environmental Optimization for Capacity Design and Operation Strategy of Grid-Connected Building Distributed Multi-Energy System

Abstract:Distributed multi-energy systems (DMS) have received increasing attention. Many studies have optimized the capacity and operation strategies of DMS based on multiple objectives, but these studies must discuss the weights of different objectives and have not considered the internal coupling between different objectives. Besides, existing studies have not considered the changes in the actual ...

Huizhen Han, Yongkai Ge, Qingrui Wang, Qing Yang*, Lu Xing*, Shusong Ba, Guoqian Chen, Tian Tian, Xi Chen, Peiru Jian

ARTICLE | Renewable Energy | 2024、230

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The Impact of the Belt and Road Initiative on Chinese PV Firms' Export Expansion

Abstract:The photovoltaic (PV) industry experienced a drastic overcapacity, leading to heightened market competition in 2009. After the overcapacity, the EU and the USA initiated trade barriers targeting Chinese PV goods in 2011, stimulating China to seek alternative markets. In 2013, China announced the Belt and Road Initiative (BRI). Although the BRI is a framework of international cooperation instead ...

Xiangdong Zhu, Zhutong Gu, Canfei He*, Wei Chen

ARTICLE | Environment Development and Sustainability | 2024、26

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The Impact of Renewable Energy on Inflation in G7 Economies: Evidence from Artificial Neural Networks and Machine Learning Methods

Abstract:This paper examines the impact of cleaner energy adoption (i.e., renewable energy consumption and generation) on inflation rates in G7 economies from 1997 to 2021. The Principal Component Analysis is used to construct the renewable energy consumption and generation indices. Then, the paper runs various artificial neural networks and machine learning methods to test the validity of the cleaner ...

Long Zhang, Hemachandra Padhan*, Sanjay Kumar Singh, Monika Gupta

ARTICLE | Energy Economics | 2024、136

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Achieving Pareto Optimum for Hybrid Geothermal-Solar (Pv)-Gas Heating Systems: Minimising Lifecycle Cost and Greenhouse Gas Emissions

Abstract:This article investigates heating options for poultry houses (or sheds) in order to meet their specific indoor air temperature requirements, with case studies conducted across Australia under conditions similar to those encountered worldwide. Hybrid geothermal–solar (PV)–gas heating systems with various configurations are proposed to minimise the lifecycle costs and GHG emissions of poultry ...

Yu Zhou, Guillermo Narsilio, Kenichi Soga, Lu Aye*

ARTICLE | Sustainability| 2024、16、15

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The Multifaceted Ownership Change of Foreign Subsidiaries: The Diverse Responses to Different Types of Negative Performance Feedback

Abstract:Research SummaryBy integrating performance feedback theory and ownership management literature, we examine how parent multinational companies (MNCs) evaluate their foreign subsidiaries' poor performance against various aspirations and make multifaceted ownership change decisions. Our results show that social aspirations matter more than historical aspirations in ownership change decisions....

Wen Helena Li, Bin Guo*, Vikas Kumar, Jinlong Gu, Wentao Hu

ARTICLE | Global Strategy Journal |2024、14、3

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