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  • Emerald  (4)
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  • Emerald  (4)
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  • 1
    Online Resource
    Online Resource
    Emerald ; 2023
    In:  International Journal of Managerial Finance Vol. 19, No. 3 ( 2023-05-02), p. 615-644
    In: International Journal of Managerial Finance, Emerald, Vol. 19, No. 3 ( 2023-05-02), p. 615-644
    Abstract: This study investigates effects of corporate governance on the financial performance of family-controlled firms and how these effects differ between common law and civil law jurisdictions. Design/methodology/approach This study applies a number of corporate governance measures to the largest 243 publicly listed family-controlled businesses worldwide from 2009 to 2018. The corporate governance measures include board independence, board gender diversity, corporate governance index (CGI) and the percentage of family ownership. Findings The empirical evidence indicates that board independence improves financial performance; this positive effect is more pronounced in common law than civil law jurisdictions. Board gender diversity has a negative impact on financial performance under common law but a positive impact in civil law jurisdictions. Moreover, the CGI and family ownership structure are positively associated with financial performance, and no difference is found between the two jurisdiction types. In addition, family ownership negatively moderates CGI in civil law countries only. Originality/value This study provides new insight on the relevance of considering jurisdictional differences when examining the effect of corporate governance on performance. The study also addresses important concerns in family business research relating to unobserved heterogeneity and endogeneity. Implications of these for research and practice are discussed in the paper.
    Type of Medium: Online Resource
    ISSN: 1743-9132
    Language: English
    Publisher: Emerald
    Publication Date: 2023
    detail.hit.zdb_id: 2227388-8
    SSG: 3,2
    Location Call Number Limitation Availability
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  • 2
    Online Resource
    Online Resource
    Emerald ; 2015
    In:  Industrial Robot: An International Journal Vol. 42, No. 4 ( 2015-6-15), p. 332-338
    In: Industrial Robot: An International Journal, Emerald, Vol. 42, No. 4 ( 2015-6-15), p. 332-338
    Abstract: – This paper aims to present a new friction-stir-weld robot for large-scale complex surface structures, which has high stiffness and good flexibility. Design/methodology/approach – The robot system is designed according to manufacturability of large aluminum products in aeronautic and astronautic area. The kinematic model of the robot is established, and a welding trajectory planning method is also developed and verified by experiments. Findings – Experimental results show that the robot system can meet the requirements of friction stir welding (FSW) for large-scale complex surface structures. Practical implications – Compared with other heavy robotic arm and machine tool welding devices, this robot has better working quality and capability, which can greatly improve the manufacturability for large-scale complex surface structures. Originality/value – The friction-stir-weld robot system is a novel solution for welding large-scale complex surface structures. Its major advantages are the high stiffness, good flexibility and high precision of the robot body, which can meet the requirements of FSW. Besides, a welding trajectory planning method based on iterative closest point (ICP) algorithm is used for welding trajectory.
    Type of Medium: Online Resource
    ISSN: 0143-991X
    Language: English
    Publisher: Emerald
    Publication Date: 2015
    detail.hit.zdb_id: 2025337-0
    Location Call Number Limitation Availability
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  • 3
    Online Resource
    Online Resource
    Emerald ; 2016
    In:  Industrial Robot: An International Journal Vol. 43, No. 6 ( 2016-10-17), p. 617-627
    In: Industrial Robot: An International Journal, Emerald, Vol. 43, No. 6 ( 2016-10-17), p. 617-627
    Abstract: The weld joint of large thin-wall metal parts which deforms in manufacturing and clamping processes is very difficult to manufacture for its shape is different from the initial model; thus, the space normals of the part surface are uncertain. Design/methodology/approach In this paper, an effective method is presented to calculate cutter location points and to estimate the space normals by measuring some sparse discrete points of weld joint. First, a contact-type probe fixed in the end of friction stir welding (FSW) robot is used to measure a series of discrete points on the weld joint. Then, a space curve can be got by fitting the series of points with a quintic spline. Second, a least square plane (LSP) of the measured points is obtained by the least square method. Then, normal vectors of the plane curve, which is the projection of the space curve on the LSP, are used to estimate the space normals of the weld joint curve. After path planning, a post-processing method combing with FSW craft is elaborated. Findings Simulation and real experiment demonstrate that the proposed strategy, which obtains cutter locations of welding and normals without measuring the entire surface, is feasible and effective for the FSW of large thin-walled complex surface parts. Originality/value This paper presents a novel method which makes it possible to accurately weld the large thin-wall complex surface part by the FSW robot. The proposed method might be applied to any multi-axes FSW robot similar to the robot studied in this paper.
    Type of Medium: Online Resource
    ISSN: 0143-991X
    Language: English
    Publisher: Emerald
    Publication Date: 2016
    detail.hit.zdb_id: 2025337-0
    Location Call Number Limitation Availability
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  • 4
    Online Resource
    Online Resource
    Emerald ; 2023
    In:  International Journal of Managerial Finance Vol. 19, No. 1 ( 2023-01-24), p. 1-21
    In: International Journal of Managerial Finance, Emerald, Vol. 19, No. 1 ( 2023-01-24), p. 1-21
    Abstract: The paper aims to examine the effect of corporate governance (CG) on innovation investment, with consideration of ownership types and legal jurisdictions. Design/methodology/approach The authors' empirical analysis is based on a sample of publicly listed family businesses (FBs) from the top-500-list that matched worldwide with non-family counterparts from 2009 to 2018. The study uses a holistic measure of CG to mitigate the conflicting impact of individual CG components found in prior studies. This measure is applied to examine the moderating role of firm ownership type and legal jurisdiction. Findings The authors' results demonstrate that CG positively influences innovation investment. This positive relationship is more pronounced in FBs than in non-family businesses (NFBs) and is more prevalent in civil law economies than in common law economies. Originality/value The study holistically examines the effect of CG, capturing the combination of all individual governance mechanisms and their influence on innovation investment. The study further shows that comprehensive CG has diverse impacts on innovation investment when considering family control and legal jurisdiction.
    Type of Medium: Online Resource
    ISSN: 1743-9132
    Language: English
    Publisher: Emerald
    Publication Date: 2023
    detail.hit.zdb_id: 2227388-8
    SSG: 3,2
    Location Call Number Limitation Availability
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