Purpose: It is widely accepted that business excellence comes from firm-specific factors. However, it is still unclear how institutional relatedness – the degree of embeddedness with the dominant institutions that confer resources and legitimacy, influences the business excellence of the...

The value investment strategy has been in the limelight since the 1930s but has faced challenges recently. We find that, while the last two decades have seen vanishing profits from value investing in the U.S., the value strategy remains successful in China’s A-share market, the second-largest...

Renewable energy cannot be fully utilized due to the fluctuation of renewable energy power generation and transmission capability in China. This article proposes a renewable energy-electricity-hydrogen system aims to make the most of renewable energy including curtailment. Then, building the...

Renewable energy cannot be fully utilized due to the fluctuation of renewable energy power generation and transmission capability in China. This article proposes a renewable energy-electricity-hydrogen system aims to make the most of renewable energy including curtailment. Then, building the...

A TiO2-Nb2O5-SiO2-Al2O3/NbSi2/NbAl3 multilayer coating was prepared on Nb alloys through halide activated pack cementation (HAPC) and micro-arc oxidation (MAO). The multilayer coatings were composed of a TiO2-Nb2O5-SiO2-Al2O3 outer layer, a NbSi2 middle layer and an Al-rich inner layer. The...

The bargaining process and its role in price discovery within the Pacific Northwest asparagus industry is analyzed using a general empirical bargaining model. Growers’ and processors’ inverse supply and demand functions define boundaries for the negotiated prices. OLS and Heckman’s two-stage...

Union density in Germany has declined remarkably during the last two decades. We estimate socio-economic and workplace-related determinants of union membership in East and West Germany using data from the German Socio-Economic Panel by means of Chamberlain-Mundlack correlated random effects...