China Business Knowledge @ CUHK’s Top 10 Articles in 2024

The global economic growth remains steady yet underwhelming in 2024. Despite this stability, downside risks loom large, stemming from escalated geopolitical tensions and frequent climate-related disasters. Nevertheless, many Asian economies are expected to grow considerably through investments in innovation and digital transformation.

As businesses stand cautiously optimistic, what strategies can they employ to navigate challenges and explore opportunities? On the other hand, how can individuals enhance their performances in the workplace? Valuable insights and innovative solutions can be gleaned from our cutting-edge research featured in this year’s top 10 articles.

By China Business Knowledge @ CUHK

#1 What should multinationals do to win the digital race?

Professor Li Jingyu, Department of Management

Multinational enterprises’ investments in digital platforms impact their global sales in the fast-paced tech era, yet these platforms are complex and costly. New research offers strategies for companies to optimise their efficiency in boosting international sales.

#2 How lack of clarity fuels team innovation

Dr John Lai, Department of Management

In today’s competitive business environment, innovation is an often-heard mantra that eclipses all else. How can companies innovate? New research suggests clear goals can harm, and the answer lies in giving employees the freedom to make decisions.

#3 The perks of having second thoughts

Professor Andrew Meyer, Department of Marketing

Have you ever found yourself in a situation where you made a decision that later turned out to be wrong, but you felt stuck and couldn’t change your mind? Well, you’re not alone. A new study delves into the reasons why blindly trusting your gut is not the best approach.

#4 Can passion at work last?

Professor Li Wendong, Department of Management

As literary giant Victor Hugo once lamented, “passion does not endure” in a love letter, the same caveat can be applied in the context of work. However, a recent study suggests that work passion can be cultivated and sustained over time.

#5 Different shades of green of hotel guests

Professor Lisa Wan, Professor Elisa Chan, School of Hotel and Tourism Management

In the hospitality industry, sustainability not only translates to impacts but also profit. While green hotels are on the rise, many are still in the dark about finding a way to promote them effectively. Matching the correct environmental cues with the right guests may answer.

#6 Cultural diversity matters for corporate disclosure

Professor Kevin Tseng, School of Accountancy

Publishing revenue is a must for listed companies to inform the public and external investors. A new study found that the way of presenting information in the earnings report can affect stock markets and delved into how cultural diversity influences investors’ perceptions.

#7 When following the crowd weakens crowdfunding

Professor Xiao Yizhou, Department of Finance

Crowdfunding has emerged as an alternative to traditional financing for its edge to raise funds from a large pool of individuals. However, simply conforming with the crowds or following others could undermine its success, but establishing a certain threshold can counteract this effect.

#8 The story of failed hedging in the nickel crisis

Dr Anson Au Yeung, Department of Finance

The global appeal of adopting electric vehicles to save the environment and achieve net-zero has led to a high demand for nickel. A failure to recognise a thin line between hedging and speculation contributed to the nickel crisis involving the London bourse and a major metal producer.

#9 Understanding fundamental recruitment error in talent acquisition

Professor Dai Xianchi, Department of Marketing

Getting the right match between job candidates and recruiters is the most essential goal in an efficient job market. But do job candidates and recruiters see eye to eye? Researchers find that both parties have different views when it comes to talent and hard work.

#10 Love is in the air, so are your credit cards

Professor Lisa Wan, School of Hotel and Tourism Management

How many of you have ever made spontaneous purchases due to the vibes without carefully considering the necessity? New research suggests that a romantic theme, especially presented in blue, plays a critical role in stimulating tourists’ impulsive buying behaviour.