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This paper examines the evolving landscape of accounting and finance research on the Chinese capital market, building on a previous study published at Abacus in 2018.

By incorporating data from 1999 to 2023, our analysis offers a detailed examination of shifts in academic focus, methodological advancements and thematic expansions over the last quarter-century.

The study reveals a substantial increase in accounting and finance publications related to the Chinese capital market in both Tier 1 and Asia-Pacific journals. The dynamic growth of the Chinese capital market during this period reflects profound economic transformations, characterized by technological innovations, sustainability commitments and regulatory reforms.

We conclude that the globally important Chinese capital market has attracted increasing academic attention, significantly advancing the understanding of accounting and finance research in China’s capital market.

This paper aims to present the design of a micro-electro-mechanical system (MEMS)-based three-dimensional combined vector hydrophone tailored for unmanned underwater vehicles (UUVs). The proposed design addresses the left-right ambiguity inherent in conventional MEMS hydrophones and enhances acoustic sensing capabilities to support improved UUV performance in underwater environments.

A novel MEMS-based three-dimensional vector hydrophone (M3DH) is proposed, integrating a highly sensitive MEMS chip with a piezoelectric ceramic-based scalar channel. A theoretical model of the hydrophone’s packaging was developed, and its acoustic performance was analyzed through COMSOL Multiphysics 6.2 simulations. Experimental validation of the hydrophone’s sensitivity and directional characteristics was conducted in a standing wave tank.

The MEMS-based three-dimensional combined hydrophone (M3DH) achieved a triaxial vector channel sensitivity of −175.6 dB at 800 Hz (re 1 V/µPa) and a scalar channel sensitivity of −186.3 dB (0 dB = 1 V/µPa). In addition, at 500 Hz, the vector channel exhibited a distinct “8”-shaped directivity pattern, whereas the scalar channel maintained a circular omnidirectional response. The hydrophone demonstrated excellent acoustic performance in three-dimensional space, effectively providing comprehensive acoustic information for small underwater platforms.

This research addresses the left-right ambiguity issue in MEMS hydrophones by presenting an MEMS-based three-dimensional combined hydrophone designed for integration into UUVs, offering an innovative solution to enhance underwater acoustic sensing capabilities in small platforms.

Existing research suggests a positive relationship between firms’ research and development investments (RDIs) and their patenting performance (PP) according to assumptions of linear productivity and homogeneous behavior. This study unravels the RDI–PP relationship by taking a strategic view to reveal its underlying mechanisms.

We study the effects of firms’ RDI on PP in the context of China’s listed firms in 16 patent-intensive industries, including the pharmaceutical, computer communication, electronic equipment and electrical machinery and equipment manufacturing industries. To test our hypotheses, we use panel data from 2010 to 2017. We apply generalized estimating equations to estimate our models.

The study finds an inverted U-shaped relationship between RDI and PP that arises from the transition of innovation portfolios and the strategic balancing of patenting costs and benefits. The study further examines two contingencies: (1) top management team (TMT) education level and (2) TMT compensation. It shows the turning point of the inverted U-shape shifts to the right when TMT education level is high; the curve flattens when TMT education level and TMT compensation are high.

We contribute to literature on innovation and appropriability strategy in three ways: First, we reveal the underlying mechanisms of the inverted U-shaped relationship between RDI and PP. Second, because previous research on appropriability strategies pays little attention to how innovation portfolios influence patenting decisions at the firm level, we provide evidence and insights on how the tension between exploitative and explorative innovations affects appropriability strategies. Third, we connect appropriability strategy literature with two streams of literature: corporate governance and upper-echelon theory.

Despite the acknowledged significance of the relationship between audit fees and corporate philanthropic initiatives, the existing literature has not yet reached the desired level of providing explicit evidence on how this relationship can be moderated by board gender diversity. This paper aims to contribute to the ongoing debate by using a panel data set comprising 905 Chinese listed firms over a five-year period from 2015 to 2019.

To generate solid findings and overcome the potential endogeneity bias, various econometric estimators, namely, ordinary least squares, two-step generalized method of moments, robust two-stage least squares and subsample analysis, have been carefully used. More interestingly, the study’s results remain consistent across different estimation methods.

The results reveal a statistically significant positive link between audit fees and corporate charitable giving. More interestingly, this connection strengthens with a higher representation of women directors on the board, particularly when there are three or more female directors. Furthermore, the results suggest that nonstate-owned firms exhibit greater motivation to participate in charitable giving initiatives compared to state-owned counterparts.

Stakeholders from various groups should attentively recognize the importance of gender-diverse boards as a dynamic factor impacting the association between audit fees and corporate charitable giving.

To the best of the authors’ knowledge, the crushing majority of the preceding research has not delved deeply into the critical role of board gender diversity in the relationship between audit fees and corporate charitable donations. Hence, this study provides a profound understanding of how audit fees predict corporate philanthropic initiatives.

This study sheds light on a paradox in the field of management accounting, since, on the one hand, the concern with the theoretical anchoring of research in this field has been a constant and, on the other hand, there is a lack of a broad mapping of the theories adopted by these researchers. Thus, this article aims to map the theoretical anchoring of management accounting articles published in journals.

The analyses of the theoretical anchoring were concentrated on the 20-year time frame (2003–2022) of articles published in journals covered by the Scimago database. The text mining technique guided by quantitative synthesis and interpretation was applied in the analyses.

The parameterized searches resulted in 290 theories identified in 573 articles in the field of management accounting published in 70 journals. The theoretical anchoring of the articles, identified by the n-grams mapped in the titles, abstracts and keywords, was demonstrated by year, author and journal. Finally, the alignment between theoretical approaches and the categorization of theories adopted in the articles is highlighted.

This research brings implications to the body of management accounting literature by adding knowledge about its theoretical foundations, to contribute to delineating the scope of this academic field.

Management accounting articles with systematic reviews have prioritized thematic and methodological aspects. Thus, by mapping the theoretical anchoring of articles published in journals, this study adds and extends discussions regarding the theories adopted by researchers to substantiate their research in this field.

This paper aims to advocate for a paradigm shift that prioritizes a human-centered approach in the pursuit of innovation during crises, urging a departure from the prevailing dominance of the technology-centric approach. The incorporation of emotional capabilities as a dynamic capability is posited as a pivotal contribution, in harmony with the tenets of Society 5.0 and imperative for establishing a robust knowledge management foundation. This research underscores the significance of the human-centered approach, portraying women as exemplars in a novel paradigm of innovation development amid crises.

This research uses the framework of knowledge management for innovation to focus on the challenges presented by complex crises, now considered the new normal. The study employs a distinct, human centric approach to explore the nexus of gender, opportunities and innovation, during crises, with an emphasis on the founders’ emotional capabilities and resources as catalysts for innovation development.

This research utilizes mixed methods; qualitative findings driven from AI analyses reveal women’s positive approach toward innovation development in adversity, showcasing the influence of their emotional resources in their innovation pursuits. The subsequent quantitative findings, derived from a sample of 464 tech-founders navigating complex crises, emphasize the role of emotional capabilities as activators of opportunity exploitation for enhancing innovation development during crises, particularly among female founders.

The potential for future research lies in exploring diverse emotional dimensions, employing various measures and methodologies. Envisioning upcoming studies that extend our findings across institutional, national and crisis contexts, emotional capabilities and skills may emerge as critical assets relevant to all entrepreneurs, transcending gender boundaries. This paper’s framework sets the stage for promising avenues at the nexus of gender and emotional capabilities in the innovation pursuits, shaping entrepreneurial performance in both challenging and stable conditions.

This research contributes significantly in several key areas. Firstly, it explores innovation development and knowledge management within Society 5.0 during a polycrisis, emphasizing the crucial role of emotional capabilities in activating opportunity exploitation. Secondly, it champions a human-centric premise in innovation, highlighting women as role models for innovation during crises and introducing pathways to tap into external resources, ultimately enriching knowledge management. Thirdly, the innovative methodological approach using Artificial Intelligence (AI) and Natural Language Processing (NLP) to construct synthetic personas is groundbreaking. Finally, it advances effectuation, bricolage and dynamic capabilities frameworks, enriching their theoretical foundations and affirming their relevance for innovation development amid instability.

One of the competitive conflicts of the capital market is the structural disruption of companies in terms of company capacity with market changes that can lead to the bankruptcy of companies. Bankruptcy will usually have detrimental social effects and loss of stakeholder rights due to individual negligence and lack of strategic structural insights at the market level; knowing that can prevent financial helplessness and bankruptcy and maintain the ground for growth or maintaining the competitive position of the company in the markets as well as the capital market. The purpose of this research is evaluation of legal factors in identifying bankruptcy of capital market companies by a two-dimensional approach of hierarchical fuzzy analysis.

In terms of methodology, this research is placed in the category of developmental and mixed methods. In this research, two meta-composite and Delphi analyses were used in the qualitative part to identify the legal factors of corporate bankruptcy, and two-dimensional fuzzy analysis (FIS_2) to determine the most influential dimension identified in this field.

The results in the qualitative part indicate the existence of 12 confirmed studies and the determination of 8 legal dimensions of corporate bankruptcy, which were identified during two stages of Delphi analysis to confirm the reliability of the components; one dimension was removed from the total of 8 identified dimensions and 7 dimensions were confirmed. Based on the results of the quantitative part, i.e. two-dimensional fuzzy, it was determined that the lack of importance of forensic accounting as one of the pillars of monitoring the financial performance of companies is determined as the most effective legal factor affecting the bankruptcy of companies. In the analysis of the obtained result, it should be stated that, in the shadow of forensic accounting, sufficient evidence and documents are collected during two stages of proceedings and judicial support to determine the financial processes of companies to declare financial violations and provide the necessary documents to determine the type of bankruptcy order. The lack of such a process in terms of mechanisms for evaluating and reviewing the legal factors of companies causes legal issues, and court mechanisms are not created in the implementation processes of companies, especially in the conditions of the country’s capital market, and in this way causes the rights of the stockholders to be violated by the companies.

This is the originality research that evaluates the role of financial legal factors in the bankruptcy of capital market companies. Although it has research importance in terms of the development of theoretical literature and a practical basis in reducing the possibility of fraud and bankruptcy risk, little research has been done to investigate this issue, and conducting this research and expanding it in the forensic accounting functions of capital market companies can help the developers of standards and legislators to have more special supervision over the financial performance of companies from the perspective of developing legal dimensions.

The purpose of this paper is to investigate the impact of political instability at the local level on foreign firms in China. Building on the literature on political embeddedness and business power, the authors propose a theoretical framework to explain how political turnover can affect foreign firms’ performance and how they respond to such challenges by leveraging their power bases.

To test the hypotheses, the authors apply fixed effects regression to an unbalanced panel data set comprising 13,360 foreign firms from 1998 to 2013 and the political replacement that involved changes in provincial governors.

The findings confirm that political turnover incidents have a negative impact on the performance of foreign firms in China. However, the authors also found that this negative relationship is weaker for firms that can choose various types of power sources. Specifically, the study reveals that foreign firms with large firm size, government ownership and a strong foreign direct investment community are better qualified to mitigate the negative effects of political instability.

This study contributes to the literature by developing the understanding of how political uncertainties and risks affect the performance of foreign firms in China and the importance of firms’ power in counterbalancing these effects. The research provides valuable insights into how multinational corporations can exploit their power to manage the effects of local political turnover, which has practical implications for the strategy and management of foreign firms operating in China.

In this paper, a dynamic projection scanning lithography (DPSL) technology and system is proposed to achieve cross-scale 3D printing, addressing the limitations of the traditional 3D printing methods that struggle to achieve both large build volumes and high precision. The method achieves a printing accuracy of 10 µm within a build volume of 100 × 100 × 100 mm, and successfully fabricates complex hollow structures and functional models.

DPSL uses a digital micromirror device (DMD)-based digital projector to generate light patterns for light-curing printing. The light patterns are created by sequentially loading the print design frame by frame, forming dynamic light patterns that are scanned line by line across the material surface for solidifying the printing materials. By controlling the scanning range of the digital projector, it is theoretically able to print models of any size. Additionally, by using DMD oblique scanning, the impact of the DMD micromirrors’ shape and arrangement on print accuracy is addressed by overlapping exposures along the scanning direction of the digital projector.

This study shows the printing system resolution of 1.3 µm, while the maximum size of the printing model depends on the system scanning range. Additionally, by using DMD oblique scanning, the impact of the DMD micromirrors’ shape and arrangement on print accuracy is addressed by overlapping exposures along the scanning direction of the digital projector.

This work demonstrates that DPSL based on oblique scanning technology is used to achieve 3D printing with high precision, large area and smoother surface. In addition, a rigid release method is used to achieve a precise printing layer thickness in the top-down printing process. By adhering the release film to the bottom surface of the glass and adjusting the descent distance of the stage for each layer, uniform layer thickness can be achieved for each exposure.

This paper aims to identify types of robot service failure stressors and explores its impact on emotional labor and recovery work engagement from the employees’ standpoint.

The research adopted a mixed-method approach in the hospitality industry in China, which included 25 hospitality workers participating in semi-structured interviews and 435 hospitality employees participating in a two-stage questionnaire survey.

Three types of robotic service failure stressors – illegitimate tasks, customer mistreatment and robotic instability – were identified. These stressors significantly influence emotional labor strategies in employee subsequently shaping their recovery work engagement through dual pathways. The sequential mediation effect of deep acting and service empathy serves to enhance recovery work engagement, whereas the sequential mediation effect of surface acting and workplace depersonalization diminishes this engagement. Human–robot collaborative climate moderates these effects in this context.

The findings from this study yield several implications for hospitality managers in managing employees and service robots to perform human–robot collaboration tasks.

Current research has primarily delved into how robot service failures impact customer experiences, leaving the effects on employees less explored. To the best of the authors’ knowledge, this paper is the first empirical study to explore the relationship between robot service failure and employee emotional responses and behaviors, enriching the literature on service robots in the hospitality industry and also proposing new directions and frameworks for future human–robot interaction research.