Search results

The social safety net of health care insurance is rapidly expanding in rural China. New Rural Cooperative Medical System (NRCMS) programs proliferated between the national decree of 2002 and 2008, moving from a situation where less than 10 per cent of the rural population had access to health insurance to one where over 80 per cent had the opportunity to participate in these programs. The purpose of this paper is to investigate how NRCMS affects equity goals in access to health care and explore the gender‐specific determinants for farmers to participate in NRCMS and use health care services.

Empirical analysis, by using the national rural socio‐economic survey data collected by the Centre for Chinese Agricultural Policy, Chinese Academy of Sciences in 2005. Based on Andersen's access to medical care model, the probit model for regression was used. All analyses are conducted with Stata 9.0 software.

Gender was found to have significant effects on both NRCMS participation and health care use. Age, education, deductible level and ceiling limits of reimbursement had positive effects on both NRCMS participation and health care use. The narrow coverage with high co‐payment compensation system asserted significant deterrence effects on equity access to health care. This is only a first step toward building an adequate health safety net for all rural residents, there is still a long way to go.

Using the national household survey data, this study is one of few studies focusing on the interplay between gender and the distinct determinants of access to health care under the ongoing NRCMS. The relevant findings have important implications for further policy design.

This paper aims to investigate the transformations during aging at 200°C for different periods on microstructure and mechanical properties of high-temperature Zn-4Al-3Mg solders.

The solder was melted in a resistance furnace, and different cooling rates were obtained by changing the cooling medium. Subsequently, all the specimens were aged at 200°C for 20 h and 50 h. A scanning electron microscope equipped with an energy dispersive X-ray detector and X-ray diffraction were used for the observation of microstructures and the determination of phase composition. Tensile tests and Rockwell hardness tests were also performed.

After aging, Zn atoms precipitated from the supersaturated α-Al and the (α-Al + η-Zn)_eutectoid phase with the original fine lamellar structure coarsened and spheroidized to minimize the system energy. Among these solders, the furnace-cooled alloys exhibited the highest thermal stability, largely retaining their original morphology after aging, whereas the collapse and spheroidization of the η-Zn phase and the coarsening of the η-Zn dendrites took place in the air-cooled and water-cooled samples, respectively. Furthermore, a decrease in tensile strength during aging was attributed to the thermal softening effect. The variation of macro-hardness was mainly associated with the microstructural alterations in terms of quantity, morphology and distribution of soft η-Zn phase and hard intermetallic compounds induced by the aging treatment.

The structural stability of eutectic Zn-4Al-3Mg solders solidified at different cooling rates and the effect of aging on mechanical properties were investigated.

This paper aims to prepare an associative thickener base on two polyacrylate-based copolymers, which can be used for digital printing of nylon carpet with enhanced performance.

An associative thickener was prepared by compounding two polyacrylate-based copolymers, cationic starch and polyacrylic acid; and mediated by polyethylene glycol and polyacrylamide crosslinker. The formulation of the associative thickener was optimized by using the orthogonal array testing strategy. The stability of the associative thickener was investigated by measuring effects of temperature, electrolytes, storage time and auxiliaries on viscosity. The associative thickener was compared with a commercial thickener by evaluating their performance in digital printing of nylon carpet.

The associative thickener provided same color strength and fastness in the printing of nylon carpet as the commercial one, but was more easily washed off for a better hand feeling of the printed carpet.

The prepared associative thickener can be applied for digital printing of nylon carpet.

The associative thickener can be facilely prepared from commercially available chemicals and suitable for digital printing of nylon carpet.

This study aims to investigate the influence of polyepoxysuccinic acid sodium (PESA), a green antiscalant, on the nucleation, crystallization and precipitation of magnesium phosphate.

The conductivity method was used to investigate the maximum relative supersaturation of magnesium phosphate across various PESA dosages. Subsequently, a magnesium phosphate scale was prepared using the static scale inhibition method (GB/T16632-1996) and then analyzed via scanning electron microscopy.

The findings showed that PESA extends the induction period of magnesium phosphate crystallization, reduces crystal growth rate and elevates the solution’s relative supersaturation. Notably, PESA exerts a low dosage effect on inhibition of the magnesium phosphate scale, with the optimal dosage identified at 10 mL. Scanning electron microscopy revealed that PESA dispenses a dispersing effect on the magnesium phosphate scale, generating numerous concave, convex and deeper pores on the scale particles’ surface, and thereby significantly enhancing the surface area, especially when using an antiscalant with variable dosages.

This study sheds new light on the impact of PESA, a green antiscalant, on the crystallization and precipitation of magnesium phosphate, thus paving the way for the development of enhanced and eco-friendly scale inhibition strategies in future applications.

The purpose of this literature review paper is to define consumer finance, describe the scope of consumer finance and discuss its future research directions.

In this paper, consumer finance is used as a synonym of household finance. Consumers refer to individuals and families. After defining the term “consumer finance,” we conducted a critical review of consumer finance as an interdisciplinary research field in terms of money managing, insuring, borrowing and saving/investing. Future research directions are also discussed.

This paper discusses similarities and differences among several terms such as consumer finance, household finance, personal finance, family finance and behavioral finance. The paper also reviewed key studies on consumer financial behavior around four key financial functions, namely, money management, insurance, loan and saving/investment and several nontraditional topics such as fintech and financial capability/literacy. The paper also introduced several datasets of consumer finance commonly used in the United States and China.

This paper clarified several similar terms related to consumer finance and sorted out the diverse literature of consumer finance in multiple disciplines such as economics, finance and consumer science, which provide a foundation for generating more fruitful research in consumer finance in the future.

This paper takes listed companies in the Shanghai and Shenzhen stock markets from 1998 to 2013 as a research sample, investigating the role played by corruption and financial development, along with the interactions between the two, in determining the factors of a company’s capital structure in China’s legal environment. The paper aims to discuss these issues.

Using data of listed companies and the regional level of China during 1998-2013 and the STATA process (xtabond2 command) developed by Roodman (2006) to implement the two-step GMM estimation, empirically investigate the effect of interactions between corruption and financial development on a company’s capital structure in Chinese legal environment.

After both controlling for China’s legal environment, a company’s internal factors, and industry factors and considering endogeneity problems, the results show that corruption and financial development have significant positive influences on a company’s bank loans. However, when investigating the interactions between corruption and financial development, the authors find that financial development does not increase a company’s bank loans in areas with a higher level of corruption. However, corruption and financial development have insignificant influences on a company’s long-term bank loans.

The findings in this study suggest that a company’s capital structure was affected not only by the company’s internal factors and industry factors, but also by the company’s external factors, and the interactions between these factors.

To improve the financing circumstances of company credit, the next point of reform should be to improve their procedures for administrative examination and approval of bank creditors and strengthen the punishment and prevention of credit and judicial corruption to weaken the negative effects of corruption on firms’ capital structure decisions.

This study uses only Chinese listed companies, and considers the influence of the interaction of corruption and financial development on a company’s capital structure decisions.

On the basis of principal-agent and financing constraints theories, the purpose of this paper is to construct a unified research framework via mathematical models and to provide a logical and consistent explanation of the contradictory discovery of the relationship between dividend payment and I-CFO in the previous literature.

Establishing the economic mathematical models, this paper uses the comparative static analysis to figure out the equilibrium results, to further testify the conclusions, the authors initiate the empirical tests to make the discussion more realistic.

The authors observe that overinvestment caused by agency problems is the primary reason for I-C sensitivity when the investment expenditure is less than the internal capital; dividend payout suppresses the overinvestment caused by the agency problem, thus alleviating the investment’s dependence on the internal capital. However, underinvestment caused by the financing constraints is the primary cause of I-C sensitivity when the investment expenditure is greater than the internal capital. The payment of cash dividends increases the investment shortage caused by the financing constraints, thus increasing the sensitivity. Further, the authors explore the impact of dividend payments on I-CFO sensitivity. They argue that dividend payment is not an appropriate measure of financing constraints. Both I-CFO sensitivity and I-C sensitivity are functions of agency cost and information cost.

This study provides a logical and consistent explanation of the contradictory discovery of the relationship between dividend payment and I-CFO in the previous literature and provides a clear framework and reference for future studies on the impact of financial constraints, agency cost on the investment’s dependence on the internal capital.

The theoretical model of this paper supports this differentiated mandatory dividend policy and provides reference and evidence for China's financing policies and dividend distribution policies.

This study theoretically and empirically analyzes and verifies the roles of agency cost and financial constraints on the determinants of I-C sensitivity for the first time. First, different from earlier literature, this paper puts forward I-C sensitivity as a new measure of investment’s dependence on internal capital, making the measurement more accurate. In the case of a firm with positive liquidity reserves, using the I-CFO sensitivity as a measure of external financing constraints could overestimate the firm’s financial constraints. Second, by constructing an economic static analysis framework, this study analyzes how I-C and I-CFO sensitivities change with the agency cost, the financing constraints and the dividend payment ratio. The research provides a basic framework and explanation on the contradictions of the earlier literature. The results are supposed to serve as a foundation for estimations of investment’s dependence on internal capital and should be embedded in general empirical tests in future research.