American Journal of Industrial and Business Management

Journal Information
ISSN / EISSN : 21645167 / 21645175
Current Publisher: Scientific Research Publishing, Inc, (10.4236)
Total articles ≅ 805
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Latest articles in this journal

Yi Fang
American Journal of Industrial and Business Management, Volume 10, pp 1-18; doi:10.4236/ajibm.2020.101001

Abstract:This article studies the impact of corporate social responsibility on audit costs. Most of the previous studies are based on the social responsibility report level. This paper starts with the third party rating agency’s assessment of corporate social responsibility risk to carry out research on its impact on audit costs. It is found that corporate social responsibility risk will significantly increase the audit costs. At the same time, this paper finds that the audit of the company by the international big four accounting firms or the company’s social responsibility report may reduce the impact of social responsibility risk on audit costs.
Zhenchuan Jiang, Xun Gong, Hongping Cheng, Jiang Zhenchuan, Gong Xun, Cheng Hongping
American Journal of Industrial and Business Management, Volume 10, pp 19-29; doi:10.4236/ajibm.2020.101002

Abstract:Since the development of free trade theory, global economy has developed extremely rapidly. However, protectionism has played a negative role in free trade. It is widely known that the trade friction between China and the US has attracted attention by the whole world and the result may influence the global economy. This paper will analyze the trade friction from game theory, how China and the US can gain optimal payoff and which kind of strategy will be used by China and the US.
Kamran Nawaz, Mudassar Usman, Hafiz Ghulam Murtaza Qamar, Muhammad Nadeem, Umar Usman
American Journal of Industrial and Business Management, Volume 10, pp 144-159; doi:10.4236/ajibm.2020.101010

Abstract:The core aim of this research study is to investigate the consequences of psychological contract on organizational commitment. The context of the study is higher educational Institution International Islamic University Islamabad. Data is collected from 90 faculty members of International Islamic University Islamabad through questionnaire by using the convenience sampling approach. The alpha index is using minimum (0.60) to measure the item reliability. Regression analysis indicates that psychological contract is positively and significantly associated with affective commitment (0.55), continuance commitment (0.74), and the normative commitment (0.69). From the findings, it is concluded that psychological contract is very important for organizational commitment. Higher degree of psychological contract has a result of more organizational commitment. This paper recommended that higher educational institutes should focus on developing a positive and healthy psychological contract with employees. Failure to do so may result in unhealthy psychological contract and can produce negative employee related outcomes.
Karibo Benaiah Bagshaw
American Journal of Industrial and Business Management, Volume 10, pp 45-60; doi:10.4236/ajibm.2020.101004

Abstract:Manufacturing firms are faced with the sequencing of tasks in workstations as the capabilities of manufacturing firms is to harness resources through the effective sequencing of task assignments in workstations. Thus, this study empirically examined work line balancing and production efficiency of manufacturing firms in Rivers State, Nigeria. Content on improving production efficiency by reducing non-value-added activities, cycle time and distribution of workload at each work station by work line balancing process, was also addressed. The dimensions of work line balancing were standardized work and one-piece flow; while production efficiency was measured using product output, product quality, and lead time reduction. The Pearson’s Product Moment Correlation Coefficient (PPMCC) was used to test the significance of the relationship between dimensions of work line balancing and production efficiency. The findings showed that standard work procedures in work stations’ task assignments provide better work line balance and show a positive significant relationship with product output and lead time reduction. Also, one-piece flow was revealed to have a more significant and positive relationship with product quality than product output and lead time reduction. Therefore, it was concluded that implementing appropriate work line balancing in the workstations should be an ongoing activity in the production process and setting capacity utilization baselines is key to improving production efficiency.
Eugenie Musonda Nyandwe, Qinli Zhang, Daolin Wang
American Journal of Industrial and Business Management, Volume 10, pp 61-74; doi:10.4236/ajibm.2020.101005

Abstract:Mining activities are risky operations and represent a significant threat to capital investments. These activities, which require many years of evaluating the technical characteristics of the mineral deposit using the most appropriate method, also require an economic, safety, environmental or other evaluation. In this study, a feasibility study of copper production is proposed to determine the optimal production scale based on three production plans. The mining production scale is based on 4.5 million t/a compared to other projects on the change in quantity, investment and engineering cost when the mining production scale is reduced to 3.5 million t/a and increased to 5.5 million t/a. The results reveal that applying 4.5 million t/a to the mining production project appears to be the optimal choice in terms of economic benefits, both after verification of the production scale in terms of annual decline rate and reasonable mine life. The result also shows that the production scale of 4.5 million t/a is technically more feasible.
Yajie Jiang
American Journal of Industrial and Business Management, Volume 10, pp 75-98; doi:10.4236/ajibm.2020.101006

Abstract:This study takes advantage of the concept of “Managerial Macro-Cognition” (MMC) to explore how does the different macro cognition of executives will affect their capital structure decision. Drawing on a sample of Chinese listed firms from 2002 to 2018, I find that under the same conditions, the enterprise has executives with higher macro cognition can adjust its capital structure faster, the promote effect on the speed of the leverage adjustment caused by the macro cognition of executive is more obvious when cognition is about future. Besides, when the company is faced with financing constraints, tight monetary policy and low equity concentration, the influence of executives’ macro cognition on the adjustment speed is more obvious.
Yan Wu, Ge ZhangZhi, Xiong Liyong, Wu Yan, Zhangzhi Ge, Liyong Xiong
American Journal of Industrial and Business Management, Volume 10, pp 135-143; doi:10.4236/ajibm.2020.101009

Abstract:This paper mainly explores the relationship between Chinese tea technology and world tea industry by discussing the influence and function of Chinese tea technology on Chinese tea industry. And it is concluded that the Chinese tea technology has given birth to the world tea industry; the world tea industry has continuously developed on the basis of Chinese technology, and has achieved the prosperity of the world tea industry.
Jundong Qiu
American Journal of Industrial and Business Management, Volume 10, pp 99-109; doi:10.4236/ajibm.2020.101007

Abstract:There is a correlation between the price of rent and the supply and demand of housing leases. While the government promotes financial innovation in the leasing market, there are also loopholes in financial supervision, which causes social forces to excessively participate in the “profit-seeking” behavior of housing leasing projects, further resulting in rising rental prices. Finally, this makes the public cannot afford housing. Based on the evolution game theory, this paper analyzes the evolutionary path and mechanism of government and social forces in repeated games. The results show that it is difficult for social forces to evolve naturally to non-participation without external forces, and the government needs to implement appropriate regulations to make the system evolve toward the target state.
Qiuling Tang
American Journal of Industrial and Business Management, Volume 10, pp 110-134; doi:10.4236/ajibm.2020.101008

Abstract:Cost stickiness is one of the operating characteristics of enterprises. In the current research literature on the economic consequences of cost stickiness, there is little literature on the relationship between cost stickiness and the possibility of future losses and audit costs. Based on the sample data of Shanghai and Shenzhen A-share listed companies, this paper studies the correlation between cost stickiness and the possibility of future losses, cost stickiness and audit costs. The study found that the greater the cost stickiness of the enterprise, the greater the possibility that the enterprise will suffer losses in the future; and the audit costs will increase as the cost stickiness of the enterprise increases. Further research finds that, compared with non-state-owned enterprises, the cost stickiness of state-owned enterprises has a smaller impact on the possibility of future losses of the enterprise; under different ownership properties, the effect of cost stickiness on audit costs has no significant difference. After the robustness test, the conclusion still holds. This research conclusion helps companies to see more clearly the impact of cost stickiness on business performance, helps CPAs increase their awareness of the risk of cost stickiness, and helps policy regulators realize the importance and necessity of “cost reduction” in “reducing one supplement” and strengthening implementation.
Mengxiao Li
American Journal of Industrial and Business Management, Volume 10, pp 30-44; doi:10.4236/ajibm.2020.101003

Abstract:It is important to make a reasonable valuation of a company. A good valuation can make a difference in lots of aspects. In this research, the purpose of predicting valuation of Uber is to gain the future free cash flow and stock value of it, so that we can provide information for its future development strategy and put forward feasible business decisions, and then improve the future value of it. What’s more, we hope to use the information of Uber’s valuation to make investment analysis, understand its advantages and disadvantages, and help investors make better decisions. The reason why we choose Uber as a research object because it is a growing company that needs the right strategy and a lot of investments. Making valuation of Uber can help it attract investment and make stratagem. We use the discounted cash flow model to value Uber. We estimate the company’s income, expenditure, free cash flow and equity beta in the future by investigating and studying its data in recent three years and the data of a peer group. Finally, we get Uber’s optimistic price, pessimistic price and target price. All of the prices are higher than the present price which means it has a good development prospect and be good for investing.