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...

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 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...

A comprehensive empirical investigation is carried out to ascertain the import-reducing effect of trade protection barriers. We first present a statistical summary of the status of global trade protection. Then, based on a monopolistic competition trade model and 1994 cross-country data on trade...

Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the...

The paper examines the direction of causality between total government expenditure and revenue in oil-dependent GCC countries by utilizing a cointegration and error-correction modeling framework, and by calculating a variance decomposition analysis. In addition, it presents impulse responses to...