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1 – 10 of 18Dexin Chen, Hongyuan He, Zhixin Kang and Wei Li
This study aims to review the current one-step electrodeposition of superhydrophobic coatings on metal surfaces.
Abstract
Purpose
This study aims to review the current one-step electrodeposition of superhydrophobic coatings on metal surfaces.
Design/methodology/approach
One-step electrodeposition is a versatile and simple technology to prepare superhydrophobic coatings on metal surfaces.
Findings
Preparing superhydrophobic coatings by one-step electrodeposition is an efficient method to protect metal surfaces.
Originality/value
Even though there are several technologies, one-step electrodeposition still plays a significant role in producing superhydrophobic coatings.
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Keywords
Shiyu Wang, Yan Zhang, Guanzhen Wang and Zhibin Chen
This paper answers, in the Chinese stock market, who can realize the “spot value” of corporate social responsibility (CSR).
Abstract
Purpose
This paper answers, in the Chinese stock market, who can realize the “spot value” of corporate social responsibility (CSR).
Design/methodology/approach
The authors use event-study to build the research framework. Using CSR report content analysis, the authors measure the specification level of CSR disclosure. Applying the Baidu index, the authors mine Chinese investors’ profiles data to investigate retail investor heterogeneity closely.
Findings
The authors find strong evidence that the measure captures a behavioral bias in CSR pricing: firms that choose to disclose CSR report experience positive abnormal return more among retail investors than institutional investors, more among young investors than older, but no difference between female and male investors.
Practical implications
For Chinese public firms, the authors give them evidence that they can realize positive abnormal returns by applying certain CSR disclosure strategies. For Chinese investors, especially retail investors and youths, the authors ask them to rethink whether their positive evaluation of CSR is a rational trade-off choice or whether they are fooled by the “hedging mask” and “attention-grabbing.”
Social implications
The findings can give some suggestions to regulators: encouraging voluntary disclosure and reducing mandatory disclosure can drive enterprises to engage in more CSR activities because the voluntarily CSR disclosure can realize both long-term value and “spot value.” Complementarily, a more rigorous CSR report auditing regulation can suppress the “greenwash” by increasing the “lying cost.”
Originality/value
Using behavioral finance theory, the authors connect the gap between neoclassical research on the “U-shaped” value realization of CSR and the increasing voluntary CSR disclosure in the Chinese market. The authors find that heuristic reason and emotionality orientation results in the Chinese “CSR-friendly” market.
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Hongyuan Wang and Jingcheng Wang
The purpose of this paper aims to design an optimization control for tunnel boring machine (TBM) based on geological identification. For unknown geological condition, the authors…
Abstract
Purpose
The purpose of this paper aims to design an optimization control for tunnel boring machine (TBM) based on geological identification. For unknown geological condition, the authors need to identify them before further optimization. For fully considering multiple crucial performance of TBM, the authors establish an optimization problem for TBM so that it can be adapted to varying geology. That is, TBM can operate optimally under corresponding geology, which is called geology-adaptability.
Design/methodology/approach
This paper adopted k-nearest neighbor (KNN) algorithm with modification to identify geological conditions. The modification includes adjustment of weights in voting procedure and similarity distance measurement, which at suitable for engineering and enhance accuracy of prediction. The authors also design several key performances of TBM during operation, and built a multi-objective function. Further, the multi-objective function has been transformed into a single objective function by weighted-combination. The reformulated optimization was solved by genetic algorithm in the end.
Findings
This paper provides a support for decision-making in TBM control. Through proposed optimization control, the advance speed of TBM has been enhanced dramatically in each geological condition, compared with the results before optimizing. Meanwhile, other performances are acceptable and the method is verified by in situ data.
Originality/value
This paper fulfills an optimization control of TBM considering several key performances during excavating. The optimization is conducted under different geological conditions so that TBM has geological-adaptability.
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Keywords
Feng Cheng and Weixi Ji
Cavitation bubbles cannot be avoided in the hydraulic system. Because of instability of flow and variation of water pressure, the jet often occurs in a bubble collapse. This study…
Abstract
Purpose
Cavitation bubbles cannot be avoided in the hydraulic system. Because of instability of flow and variation of water pressure, the jet often occurs in a bubble collapse. This study aims to accurately predict the shape, velocity and time of the resulting jet, so as to inhibit cavitation erosion.
Design/methodology/approach
In the study, a theoretical model of cavitation bubbles in the water has been developed by applying a periodic water film pressure into the Rayleigh–Plesset equation. A fourth-order in time Runge–Kutta scheme is used to obtain an accurate computation of the bubble dynamic characteristics. The behavior of the proposed theory is further simulated in a high-speed photography experiment by using a cavitation bubble test rig. The evolution with time of cavitation bubbles is further obtained.
Findings
A comparison with the available experimental results reveals that the bubble evolution with time has a duration of about 0.3T0, that well predicts the expanding and compressing process of cavitation bubbles. The results also show that the initial bubble radius in the water influences the moving velocity of the bubble wall, whereas the perturbation frequency of the water pressure has less effect on the velocity of the bubble wall.
Originality/value
A theoretical model well predicts dynamic characteristics of cavitation bubbles. The bubble evolution with time has a duration of about 0.3T0, Initial bubble radius influences the velocity of bubble wall. Perturbation frequency has less effect on the velocity of bubble wall.
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Leping Huang, Hongyuan Chen, T.V.L.N. Sivakumar, Tsuyoshi Kashima and Kaoru Sezaki
To utilize Bluetooth as a layer 2 multi‐hop subnet for global IP network, there are two missing protocols in current Bluetooth stack: network formation and routing. In this paper…
Abstract
To utilize Bluetooth as a layer 2 multi‐hop subnet for global IP network, there are two missing protocols in current Bluetooth stack: network formation and routing. In this paper, we propose our network formation and routing protocols optimized for such Bluetooth subnset usage scenarios to fill this gap. In this paper, we first present some observations on performance degradations of Bluetooth PAN due to network topologies and topology change when radio independant protocols are implemented. And then we analyze the reason of performance degradation. Based on our analysis, we first propose a flexible scatternet formation algorithm under conference scenario for multi‐hop communication. By using proposed method, scatternet can be formed flexibly with star, mesh, or linked line based on several parameters like number of maximum piconets that a gateway Bluetooth device can participate, and whether loops are needed in the resulting scatternet to achieve better network performance. To utilize topology information in multi‐hop communication, we propose a Cross‐layer Optimized Routing for Bluetooth (CORB) CORB is a QoS‐extended AODV routing protocol with mainly two optimizations between networking layer and underlying Bluetooth MAC layer. The first optimization is to use a new load metric. (LM) in QoS routing protocol instead of number of hops in conventional best effort routing. LM is derived from estimation of nodes’ link bandwidth, which reflects the different roles of nodes in Bluetooth scatternet. This proposal helps routing protocol to bypass heavily loaded nodes, and find route with larger bandwidth. The second optimization is to adjust LM and some MAC layer parameters in response to the unstable network topology caused by movement and change of indoor radio condition. Finally, We present some simulation and experiment results based on implementation, which prove the effectiveness of our protocols.
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Keywords
Haotian Xu, Jingcheng Wang, Hongyuan Wang, Ibrahim Brahmia and Shangwei Zhao
The purpose of this paper is to investigate the design method of partial observer canonical form (POCF), which is one of the important research tools for industrial plants.
Abstract
Purpose
The purpose of this paper is to investigate the design method of partial observer canonical form (POCF), which is one of the important research tools for industrial plants.
Design/methodology/approach
Motivated by the two-steps method proposed in Xu et al. (2020), this paper extends this method to the case of Multi-Input Multi-Output (MIMO) nonlinear system. It decomposes the original system into two subsystems by observable decomposition theorem first and then transforms the observable subsystem into OCF. Furthermore, the necessary and sufficient conditions for the existing of POCF are proved.
Findings
The proposed method has a wide range of applications including completely observable nonlinear system, noncompletely observable nonlinear system, autonomous nonlinear system and forced nonlinear system. Besides, comparing to the existing results (Saadi et al., 2016), the method requires less verified conditions.
Originality/value
The new method concerning design POCF has better plants compatibility and less validation conditions.
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Keywords
Xiaoning Li, Xinbo Liao, Qingwen Zhong, Kai Zheng, Shaoxing Chen, Xiao-Jun Chen, Jin-Xiu Zhu and Hongyuan Yang
The purpose of this paper is to analyze the influencing factors of patients’ financial burden through a case study of hospital on public‒private partnerships (PPP) model (Chaonan…
Abstract
Purpose
The purpose of this paper is to analyze the influencing factors of patients’ financial burden through a case study of hospital on public‒private partnerships (PPP) model (Chaonan Minsheng Hospital of Guangdong Province) and provide some useful information to policymakers for better development of hospitals on PPP model.
Design/methodology/approach
There are total six indicators that are defined as patients’ financial burden, basing on the policy of “indicators of medical quality management and control on the third level large general hospital (2011 edition),” issued by Chinese Government. In total, 23 potentially influencing factors of patients’ financial burden for hospital on PPP model were chosen from the above policy. The five-year (2007‒2011) data for the above 29 indicators come from statistic department of hospital on PPP model. Grey relational analysis (GRA) was applied to analyze the influencing factors of patients’ financial burden for hospital on PPP model.
Findings
A clear rank of influencing factors of patients’ financial burden is obtained and suggestions are provided from results of GRA, which provide reference for policymakers of hospital on PPP model. The five main influencing factors of patients’ financial burden for hospital on PPP model, in sequence, are rescuing critical ill patients on emergency, rescuing critical ill inpatients, inpatient bed occupancy rate, working days per bed and medical building area.
Originality/value
The study on the influencing factors of patients’ financial burden for hospital on PPP model not only provides decision-making for policymaker of hospital and controlling of medical expenditure but also contributes to release patients’ financial burden for hospitals on PPP model.
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Keywords
Ruojin Zhang, Dan Fan, Gene Lai, Junqian Wu and Jungong Li
Agricultural insurance has become increasingly important to farmers' livelihood and production in rural China. Yet despite the enormous governmental subsidizing efforts, the…
Abstract
Purpose
Agricultural insurance has become increasingly important to farmers' livelihood and production in rural China. Yet despite the enormous governmental subsidizing efforts, the insurance participation rate remains below expectations. This study revisits the linkage between farmers' risk attitudes and crop insurance utilization by providing a cross-cutting perspective such that the role of risk aversion is re-scrutinized in Chinese “kindred” village economies.
Design/methodology/approach
The authors administrated a lottery-based multiple price list (MPL) experiment by recruiting rice farmers from 12 villages in Sichuan province in southwestern China. Using the experimental data, farmers' risk attitudes are assessed and coefficients of risk aversion are estimated within the rank-dependent expected utility (RDEU) framework by maximizing a structured likelihood function.
Findings
This study provides substantiating evidence that rice farmers in southwestern China exhibit relatively high risk aversion. The authors also provide suggestive evidence of the positive relationship between farmers' risk aversion and crop insurance utilization. In addition, findings reveal that kinship network has a negative effect on crop insurance utilization, such that farmers who are connected in higher degree of kinship network have lower likelihood of crop insurance utilization, which suggests that kinship network may be substitute for formal crop insurance. Result also demonstrates that the incentive effect of risk aversion on farmers' crop insurance participation manifests differently depending on the degree of kinship network in rural China.
Originality/value
This study provides a cross-cutting perspective by scrutinizing the effects of farmers' risk attitudes and kinship network on crop insurance participation in rural China, which has received relatively little attention in the literature. Conclusions on the effects of risk aversion on crop insurance participation have been mixed in previous studies. In addition, to the best of our knowledge, little has been done to explicitly examine the influence of social proximity and networks on farmers' insurance uptake. This study attempts to fill both gaps. This study provides new insights which might shed lights on the understanding of farmers' crop insurance participation in rural China.
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Hongyuan Wang, Rutvij Mehta, Lawrence Chung, Sam Supakkul and Liguo Huang
In order for a software system to better serve the user, it should be able to adjust its behavior according to the changing needs in the environment. Oftentimes, selecting a…
Abstract
Purpose
In order for a software system to better serve the user, it should be able to adjust its behavior according to the changing needs in the environment. Oftentimes, selecting a particular action may depend upon various non‐functional requirements (NFRs) such as safety, cost, and so on. In the past, the many possible alternatives for an adaptation action by and large have not been considered systematically and rationally, keeping various NFRs in mind, hence, resulting in low‐level of confidence that such an action is indeed a best possible one that is really desirable. The purpose of this paper is to present a goal‐oriented approach to select alternative(s) based on a particular contextual event, while considering important NFRs.
Design/methodology/approach
The paper proposes a goal‐oriented approach in which various NFRs are treated as softgoals to be satisficed and used in exploring, analyzing and selecting among possible adaptation alternatives, in consideration of the particular contextual event.
Findings
Without the goal‐oriented methodology, which offers an ontology enriched with the notion of goals for contextual information and also integrates rules for triggering adaptation, the authors feel, through their scenario study applied to their smart‐phone application, that some critical issues might not have been considered in building a usable, useful system.
Originality/value
The concepts introduced in this paper provide a systematic and rational approach to select adaptation alternative(s), considering NFRs along with detecting a contextual event.
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Awais Ali, Fu Qiang and Sadia Ashraf
The purpose of this paper is to analyse the impact of ownership structure on firm valuation and performance across different geographical regions within mainland China.
Abstract
Purpose
The purpose of this paper is to analyse the impact of ownership structure on firm valuation and performance across different geographical regions within mainland China.
Design/methodology/approach
The authors classify China in six geographical regions and use cross-sectional data of companies with A-shares listed on domestic stock exchanges in China for the year-end 2015. Using data from CSMAR and Wind database, they use multivariate regression technique and analytically compare the consistency of relationship between operational variables of ownership structure with corporate performance and evaluation.
Findings
The authors find that institutional ownership and state ownership negatively affect market valuation throughout various geographical regions of China. Further, in East, Northwest, South Central and Southwestern parts of China, managerial ownership and concentration of shareholding among top ten shareholders positively influence return on equity (ROE). Interestingly, institutional shareholding negatively affects return on assets (ROA), while institutional ownership has a neutral effect on profitability margin in Northeast China. Although in northern part of China, this relationship is slightly positive. In East China region, state ownership and ownership concentration are directly proportional to profitability margin.
Practical implications
As some of the findings exhibit weak state of market efficiency in some regions, the study may also be useful in identifying arbitrage opportunities across different regions. Moreover, this study suggests that regions with the same business environment and conditions anywhere around the globe invite same or similar ownership structure for better firm performance and valuation.
Originality/value
The study provides unique understanding of relationship between ownership structure, market valuation and firm performance in various parts of China and will be an addition to the relevant literature. Given a change in company’s ownership structure and considering its region of incorporation, this study will help investment analysts in assessing performance and market valuation of the firm. It will also assist several classes of investors, financial institutions and international businesses in making their investment decisions.
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