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This study aims to assess the pitting resistance of austenitic stainless steel welded joints fusion zone (FZ) with high density of inclusions before and after surface treatment, including potentiostatic pulse technique (PPT) and pickling.

The potentiodynamic polarization tests and critical pitting temperature tests were carried out for estimating pitting resistance. The PPT and pickling were performed as surface treatment. Scanning electron microscope (SEM) and energy dispersive spectrometer were used for characterize the microstructure and elemental distribution. Electron back-scattered diffraction (EBSD) was used to assess the portion of phases and morphology of grains.

The weld metal exhibits a higher degree of alloying compared to the base metal, and it contains d-phase and sulfur-containing inclusions. Sulfur-containing inclusions serve as initiation sites for pitting, and they diminish the pitting resistance of weld metal. Both PPT and pickling can remove sulfur-containing inclusions, but PPT causes localized dissolution of the weld metal matrix around the inclusions, while pickling does not. Because of the high density of inclusions, certain pits initiated by PPT are significantly deeper, which makes the formation of stable pitting easier. Because of the high density of inclusions, certain pits initiated by the PPT are deeper. This characteristic facilitates the progression of these initial defects into fully developed, stable pits.

Analysis of pitting initiation in shielded metal arc welding FZ with PPT and ex situ SEM tracking observation. Explanation of why the PPT surface treatment is not able to enhance the pitting resistance of stainless steel with a high inclusion density.

This study aims to use geographical information on social media for public opinion risk identification during a crisis.

This study constructs a double-layer network that associates the online public opinion with geographical information. In the double-layer network, Gaussian process regression is used to train the prediction model for geographical locations. Second, cross-space information flow is described using local government data availability and regional internet development indicators. Finally, the structural characteristics and information flow of the double-layer network are explored to capture public opinion risks in a fine-grained manner. This study used the early stages of the COVID-19 outbreak for validation analyses, and it collected more than 90,000 pieces of public opinion data from microblogs.

In the early stages of the COVID-19 outbreak, the double-layer network exhibited a radiating state, and the information dissemination was more dependent on the nodes with higher in-degree. Moreover, the double-layer network structure showed geographical differences. The risk contagion was more significant in areas where information flow was prominent, but the influence of nodes was reduced.

Public opinion risk identification that incorporates geographical scenarios contributes to enhanced situational awareness. This study not only effectively extends geographical information on social media, but also provides valuable insights for accurately responding to public opinion.

In order to analyze the level of independent controllability and its evolution of high-end equipment manufacturing industry from Jiangsu Province, this article introduces the dual-excitation control line method to construct a comprehensive evaluation model for independent controllability.

Through the collection of information of high-end equipment manufacturing industry's independent and controllable capabilities on different indicators, the three aspects of advancement, autonomy and controllability, an empirical evaluation of 10 enterprises in the high-end equipment cluster in Jiangsu Province was conducted in terms of advancement, autonomy and controllability.

It effectively reveals the area and evolution characteristics of the “reward” and “punishment” of different indicators of each representative enterprise and reflects the development status and different characteristics of each representative enterprise on the three indicators. The research results provide decision-making guidance for enterprises in the management and control of advanced manufacturing systems with independent and controllable capabilities.

Existing research focuses on the evaluation of enterprises' independent controllability only on a single angle or index. This paper maps the dynamic evaluation problem of multiple time-point data to the evaluation problem of single time-point multi-index data and investigates the fluctuation of the performance of the same enterprise under different indexes, so as to comprehensively evaluate the independent controllable level of high-end equipment manufacturing industry and analyze the reasons. Further, this paper first establishes an evaluation index system of independent controllable level of high-end equipment manufacturing industry and quantitatively measures the advanced, independent, controllable and other aspects of typical enterprises in this industry by constructing a double incentive control line evaluation model.

This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides implications for the coordination and optimization of subsequent stock market liberalization and green transformation policies in pursuit of carbon peaking and carbon neutrality goals.

With the data of Chinese listed enterprises, this paper takes the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect in China as a quasi-natural experiment and applies the multi-period difference-in-difference (DID) model to identify the impact of stock market liberalization on the corporates’ environmental violations.

The findings reveal that the stock market liberalization significantly restrains the corporates’ environmental violations. These findings are robust to a series of sensitivity tests, including excluding two-way effects, adjusting the year of policy implementation, replacing the core variables, introducing the regional fixed effects and excluding the interference effect of other relevant policies during the sample period. Furthermore, the stock market liberalization is beneficial for upgrading information disclosure quality, improving internal governance capability, strengthening environmental protection incentives, and thus restrains corporates’ environmental violations. Meanwhile, heterogeneity tests show that the inhibitory effects are more significant in those grouped samples which is large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden.

We make two marginal contributions to the current literature. First, this paper enriches the literature on the factors influencing corporate environmental violations by focusing on how the macro-level financial policy influences the micro-level corporate environmental violations. One the one hand, prior studies mainly focused on the consequences of corporate environmental violations; however, there is still a puzzle that the effect of stock market liberalization cannot be fully justified to influence corporate environmental violations. The findings help explain this puzzle by examining that stock market liberalization can restrain corporate environmental violations. Moreover, prior studies mainly focused on corporate share price (Yunsen Chen et al., 2022), market liquidity (Han Kim and Singal, 2000), information disclosure (Liang, Lin, and Chin 2012), corporate governance (Bae and Goyal, 2010) and corporate violations (Lingyun Xiong et al., 2021), but not on corporate environmental violations. We assume that the suppression effect of stock market liberalization on corporate environmental violations can help reduce corporate environmental violations, improve corporates’ awareness of environmental compliance. Second, this paper contributes to a better understanding of the literature on stock market liberalization by investigating the restraining effect of Stock Connect on corporate environmental violations from the perspective of information channel, corporate governance channel and motivation channel, which is of practical significance. Moreover, we investigate the differences in the inhibitory effects of stock market liberalization on different enterprises' environmental violations, from firm size, property rights, enterprise assessment results, tax burden to geographical location, which is conducive to the construction of a green financial system and the promotion of sustainable economic development. Our results show that firms which are large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden tend to compliance with environmental laws. These findings emphasize the importance and benefits of Stock Connect.