110,113 research outputs found

    You Wei and Wu Wei: Ambivalence of Chinese outbound mergers and acquisitions

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    China is assuming an increasingly prominent position in the world economy as the investment begins to flow from China to the world. Compared to the ‘West goes to China’, the institutional environment, the cultural roots and the corresponding managerial behaviours are quite distinct. These distinct characteristics may challenge the conventional wisdom in the dominant mainstream theories of international business and multinational strategy. Based on both quantitative study, multi-case studies and over 50 interviews with Chinese and Western professionals, this thesis reflected the ambivalence of the government and Chinese companies in outward M&As. While the Chinese government shows a You Wei attitude towards outward M&As, You Wei acts on outward M&As in an ambivalent manner. On the one hand, the You Wei government positively facilitates outward technology exploration as an essential part of the technology development in China’s high-speed rail industry; on the other hand, the You Wei government distorts the capital allocation for outward M&As between SOEs and POEs, and compensates for the loss by SOEs through low-cost debt financing. Similarly, Chinese companies behave ambivalently towards outward M&As. On the one hand, Chinese companies display a You Wei strategy, proactively coping with the various domestic stakeholders in the M&A legitimization process; on the other hand, they manifest a Wu Wei action, effortlessly dealing with post-acquisition integration in developed economies. Overall, the ambivalence of outward Chinese M&As is characterized by a typical Chinese "both/and" and interdependent opposites’ managerial paradigm

    You Wei and Wu Wei: Ambivalence of Chinese outbound mergers and acquisitions

    No full text
    China is assuming an increasingly prominent position in the world economy as the investment begins to flow from China to the world. Compared to the ‘West goes to China’, the institutional environment, the cultural roots and the corresponding managerial behaviours are quite distinct. These distinct characteristics may challenge the conventional wisdom in the dominant mainstream theories of international business and multinational strategy. Based on both quantitative study, multi-case studies and over 50 interviews with Chinese and Western professionals, this thesis reflected the ambivalence of the government and Chinese companies in outward M&As. While the Chinese government shows a You Wei attitude towards outward M&As, You Wei acts on outward M&As in an ambivalent manner. On the one hand, the You Wei government positively facilitates outward technology exploration as an essential part of the technology development in China’s high-speed rail industry; on the other hand, the You Wei government distorts the capital allocation for outward M&As between SOEs and POEs, and compensates for the loss by SOEs through low-cost debt financing. Similarly, Chinese companies behave ambivalently towards outward M&As. On the one hand, Chinese companies display a You Wei strategy, proactively coping with the various domestic stakeholders in the M&A legitimization process; on the other hand, they manifest a Wu Wei action, effortlessly dealing with post-acquisition integration in developed economies. Overall, the ambivalence of outward Chinese M&As is characterized by a typical Chinese "both/and" and interdependent opposites’ managerial paradigm

    Cultural identities as reflected in the literature of the Northern and Southern dynasties period (4th-6th centuries A.D.)

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    During the period of the Northern and Southern dynasties of China identity questions became serious in a society thrown into disorder by political, religious and ethnic problems. This thesis uses three books written in the sixth century to discuss how educated Chinese faced identity problems and how they dealt with them. The Buddhist monk Huijiao, dealt with the problems of sinifying a foreign religion. He constructed many different identities in addition to the Buddhist one for the monks in his book Gaoseng zhuan, (Lives of Eminent Monks), a collection of biographies of Buddhist monks, to bring Buddhism closer to Chinese tradition and more acceptable by Confucian standards. Through the identity construction he also made responses to anti-Buddhist ideas. Yang Xuanzhi's Luoyang qielan ji, (Record of the Monasteries of Luoyang), deals with the identity problems of Chinese officials serving a Xianbei regime in the north and of the short-lived capital of the Northern Wei in Luoyang. Yang reconstructed a Chinese identity for the lost capital as a true heir of Chinese tradition, as were the emperors, princes and officials who lived there. He created an identity defined not by ethnicity but by culture. Yan Zhitui's Tanshi jiaxun, (Family Instruction of the Yan Clan), is a book which tells his descendants how to construct and maintain the future identity of his own family. He drew on his own experience of recovering from repeated political catastrophes to set out an identity that would help the family to survive disordered times and maintain their status in society

    Data for: Constraining Coseismic Slips of Earthquakes with Fault Scarps Using Structure from Motion (SfM): Example from the East Helanshan Fault, China

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    Three CSV files presents all fault data. Each file of “fault_ScpHt” show the all vertical displacements, their corresponding locations (x, y, z) (Universal Transverse Mercator zone 48N, WGS84), distance along the fault, displacement measurements and their errors

    The Wei-Lachin scale-based and Z-based one-directional multivariate test Z and one-sided p-values for three different analyses of the DPP metabolic syndrome data.

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    <p>The Wei-Lachin scale-based and Z-based one-directional multivariate test Z and one-sided p-values for three different analyses of the DPP metabolic syndrome data.</p

    Modelling and Monitoring of Dynamic Wheel-Rail Interaction at Railway Crossing

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    This dissertation aims to gain a better understanding of the dynamic wheel-rail interaction at crossings, including characterizing the wheel-rail contact behavior, evaluating the performance of crossings under traffic loads and monitoring the health condition of the structure. The first part of this dissertation focuses on an in-depth analysis of wheel-rail contact behavior and related rail degradation. An explicit 3D finite element (FE) model is developed to simulate the passage of a wheelset across a nominal crossing. The second part proposes a method to evaluate the performance of long-term serviced crossings. In the method, in-situ 3D profile and hardness measurements are conducted on a long-term serviced crossing and are used as the input for the FE modeling of dynamic wheel-rail interaction. The simulated wheel-rail contact parameters are then used to predict the distributions of plastic deformation and wear. The third part analyses the characteristic dynamic response of wheel-rail interaction at crossings. In-situ axle box acceleration (ABA) measurements were conducted on a nominal crossing with various test parameters. Thereafter, a roving-accelerometer hammer test was carried out to extract the relationship between the signature tune of the ABA and the natural frequencies of the crossing. The fourth part investigates the feasibility of the ABA system for monitoring the health condition of crossings. Information from multiple sensors was collected from both nominal and degraded crossings. By proper correlation of the gathered data, an algorithm was proposed to identify the characteristic ABA related to crossing degradation and then to evaluate the health condition of the structure.Railway Engineerin

    The Benefits of Being Economics Professor A (and not Z)

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    Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more often than Professor Z, will have published more articles and experienced afaster growth rate over the course of her career as a result of reputation and visibility. Moreover, authors know that name ordering matters and indeed take ordering seriously: Several characteristics of an author group composition determine the decision to deviate from the default alphabetic name order to a significant extent.performance measurement, incentives, economists, name ordering

    Learning users' interests in a market-based recommender system

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    Recommender systems are widely used to cope with the problem of information overload and, consequently, many recommendation methods have been developed. However, no one technique is best for all users in all situations. To combat this, we have previously developed a market-based recommender system that allows multiple agents (each representing a different recommendation method or system) to compete with one another to present their best recommendations to the user. Our marketplace thus coordinates multiple recommender agents and ensures only the best recommendations are presented. To do this effectively, however, each agent needs to learn the users’ interests and adapt its recommending behaviour accordingly. To this end, in this paper, we develop a reinforcement learning and Boltzmann exploration strategy that the recommender agents can use for these tasks. We then demonstrate that this strategy helps the agents to effectively obtain information about the users’ interests which, in turn, speeds up the market convergence and enables the system to rapidly highlight the best recommendations

    Final word on Jersey Dutch

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    In this article, William Z. Shetter compares and contrasts the dialects that developed between different Dutch colonies in the New World. He explores in-depth the nuances of Jersey Dutch, and provides theories to explain how Dutch and colonial languages blended. The article is reprinted from American Speech, December 1958, Volum XXXIII, No. 4

    Exposing Dark Sector with Future Z-Factories

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    We investigate the prospects of searching dark sector models via exotic Z-boson decay at future e+ee^+ e^- colliders with Giga Z and Tera Z options. Four general categories of dark sector models: Higgs portal dark matter, vector portal dark matter, inelastic dark matter and axion-like particles, are considered. Focusing on channels motivated by the dark sector models, we carry out a model independent study of the sensitivities of Z-factories in probing exotic decays. The limits on branching ratios of the exotic Z decay are typically O(106108.5)\mathcal{O} (10^{-6} - 10^{-8.5}) for the Giga Z and O(107.51011)\mathcal{O} (10^{-7.5} - 10^{-11}) for the Tera Z, and they are compared with the projection for the high luminosity LHC. We demonstrate that future Z-factories can provide its unique and leading sensitivity, and highlight the complementarity with other experiments, including the indirect and direct dark matter search limits, and the existing collider limits. Future Z factories will play a leading role to uncover the hidden sector of the universe in the future.We investigate the prospects of searching dark sector models via exotic Z-boson decay at future e+e- colliders with Giga Z and Tera Z options. Four general categories of dark sector models, Higgs portal dark matter, vector-portal dark matter, inelastic dark matter, and axionlike particles, are considered. Focusing on channels motivated by the dark sector models, we carry out a model-independent study of the sensitivities of Z factories in probing exotic decays. The limits on branching ratios of the exotic Z decay are typically O(10-6–10-8.5) for the Giga Z and O(10-7.5–10-11) for the Tera Z, and they are compared with the projection for the high luminosity LHC. We demonstrate that future Z factories can provide its unique and leading sensitivity and highlight the complementarity with other experiments, including the indirect and direct dark matter search limits and the existing collider limits. Future Z factories will play a leading role in uncovering the hidden sector of the Universe in the future
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