Yong Zhang, Xuening Fei, Lu Yu, Lingyun Cao and Baolian Zhang
The purpose of the work reported in this paper is to prepare hybrid pigments fabricated by depositing pigment yellow 12 (PY12) on the surface of silica gel to improve the…
Abstract
Purpose
The purpose of the work reported in this paper is to prepare hybrid pigments fabricated by depositing pigment yellow 12 (PY12) on the surface of silica gel to improve the application performance of the resulting pigments. The particle size distribution, optical properties, thermal stability, water dispersibility and flowability of the pigments with and without silica gel modification were studied.
Design/methodology/approach
The hybrid pigments were synthesised with different amount of silica gel. The modified pigments were characterised by Fourier transforms infrared spectroscopy, X-ray diffraction, thermal analysis, scanning electron microscopy and transmission electron microscopy.
Findings
The particle size distribution of the modified pigments was found to have been altered significantly. This can be explained by the interaction between pigments and silica gel, which prevented self-aggregation of pigment particles and hence improved the properties of pigments.
Research limitations/implications
Only silica supports and pigment yellow 12 were evaluated. Other pigments could also be studied.
Practical implications
Modification of pigment particles with smaller particle size can increase the efficiency of the modified pigment, in terms of colour shade and tinting strength, due to better particle size distribution.
Originality/value
The paper demonstrates that inorganic core can prevent self-aggregation of pigment particles, and the application properties of such pigment depend on the resulting degree of dispersion of pigment particles.
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Baolian Zhang, Zhenzhen Zhang, Xuening Fei, Yingchun Gu and Lu Yu
The purpose of the study reported in this paper was to prepare modified C.I. Pigment Red (PR) 170 to reduce production cost and improve application performance. The structure of…
Abstract
Purpose
The purpose of the study reported in this paper was to prepare modified C.I. Pigment Red (PR) 170 to reduce production cost and improve application performance. The structure of the modified pigment was characterised. The colour strength, thermal stability, mobility, aqueous dispersability and ultraviolet (UV) resistance of modified pigments were studied.
Design/methodology/approach
Silica fume was added into the diazonium salt solution under acidic condition, followed by the activation to generate new surface. Subsequently, coupling component was dropwise added to the system to form the modified pigments evenly on the surface of silica fume in situ. The structure and properties of the modified pigment were studied by fourier transform infrared spectoscopy (FT-IR), X-ray diffraction (XRD), scanning electron microscopy (SEM), transmission electron microscopy (TEM), thermal gravity analysis (TG-DTA), UV-visible diffuse reflectance spectra (UV-Vis DRS), and commission internationale de L‘Eclairage (CIE L*a*b*) colour measurements.
Findings
The morphology and particle size of the modified pigment were controlled by the modification of the silica fume, and the organic pigment and silica fume formed a core–shell structure. The properties of the modified pigment including colour strength, thermal stability, mobility, aqueous dispensability and UV resistance were improved significantly.
Research limitations/implications
The effect of the amount of silica fume on the thickness of the organic pigment layer and the effect of the thickness of the organic pigment layer on the properties of the modified pigment need to be studied further.
Practical implications
This paper shows a feasible method of the modification of the PR170 with the silica fume, and the modification can improve the properties of the PR170. The use of silica fume to modify organic pigment can realise the reuse of solid waste and reduce the production cost of the organic pigment.
Social implications
This modification method of the organic pigment is adaptive and it can be adjusted to the modification of other species of the organic pigment.
Originality/value
The modification of the PR170 with the silica fume was carried out in its preparation process, which synchronised the preparation and modification of the organic pigment. The properties of the modified pigment were improved, which were beneficial for their application in inks and coatings.
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A significant number of Chinese companies are listed overseas. The authors aim to examine whether overseas locations affect their financing decision, specifically their capital…
Abstract
Purpose
A significant number of Chinese companies are listed overseas. The authors aim to examine whether overseas locations affect their financing decision, specifically their capital structure choice.
Design/methodology/approach
Most of the Chinese overseas listed companies are listed in the USA and Hong Kong. As the institutional quality of the USA is better than Hong Kong, the authors, therefore, choose to build the hypotheses from the “law and finance” literature. Specifically, the authors argue that the better institutional environment of the USA can mitigate the information asymmetry problem and the agency problem of financing via equity. Consequently, firms listed in the USA will rely more on equity and have lower leverage ratio. The difference in leverage ratio of US listed and Hong Kong listed companies should be larger when the marginal benefit of better information environment is larger.
Findings
Referring to various data sources, the authors construct a comprehensive list of overseas listed companies in the USA and Hong Kong. The authors collect the accounting and stock performance information from Datastream/Worldscope and the equity offering data from Global New Issue database. The empirical findings provide strong support of the hypotheses: the leverage is 15 percent lower for US listed companies than the Hong Kong listed companies; the results are stronger when the firms face more severe information asymmetry problem; the stock price reacts less negatively for seasoned equity offering in the USA than in Hong Kong.
Practical implications
Most of the Chinese companies decided to be listed overseas because they cannot be listed in the Mainland Chinese stock exchanges. One of the most important motivation is to access to external capital to support firm growth. As the main channel of external financing in the overseas markets is equity since debt is still mainly domestically based, one implication of this paper is that Chinese companies can gain better access to external capital in the USA than in Hong Kong and relax their financial constraint.
Originality/value
There are a considerable number of Chinese companies listed in the overseas markets. Many successful and famous companies are among them. However, almost no research has been done based on them. This paper documents some very important phenomenon of this market. The authors wish that more studies will be conducted. In addition, the study also complements the existing studies on how institutional environment affects corporate financial behavior.
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Xin Feng, Liming Sun, Yuehao Liu, Jiapei Li and Ye Wu
This paper aims to explore the development trend of OA articles and their advantages and disadvantages in the process of fighting the pandemic, and conduct a multi-level and…
Abstract
Purpose
This paper aims to explore the development trend of OA articles and their advantages and disadvantages in the process of fighting the pandemic, and conduct a multi-level and multi-angle analysis of the relationship between publishing costs and the influence of OA articles.
Design/methodology/approach
This study first compares the total number of articles in Web of Science with the number of OA articles, and the total number of COVID-19 related articles with the total number of OA articles. Subsequently, using the methods of institutional cooperation co-occurrence network, keyword co-occurrence and multidimensional scale analysis, and using the literature on the topic of COVID-19 in CNKI (Chinese National Knowledge Infrastructure) as the data set, we generate visualized maps of research results distribution and keyword co-occurrence network with the help of the Statistical Analysis Toolkit for Infometrics (SATI)
Findings
The research results show that the citation frequency and use frequency of OA articles related to COVID-19 are significantly higher than that of non-OA articles. OA articles dominate in the anti-pandemic process, with a series of advantages such as short review cycle, timeliness, high social benefit, high participation and fast dissemination playing an important role. Under the model of author's non-payment for OA article, the degree of institutional cooperation and author cooperation is enhanced, which improves the fluidity of knowledge, strengthens close links between keywords and enhances significant academic influence; OA articles will continue to promote research in the field of COVID-19, but the lack of quality of some OA articles may hinder their development. Then OA articles will further focus on clinical medicine, and related results will continue to promote the development and communication of OA articles in this field.
Originality/value
Corresponding measures are also proposed for the existing problems of OA articles, to provide a reference for the publication and dissemination of OA articles in public health emergencies in the future.