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This study uses data from the Chinese banking sector to explore the relationship between green credit and risk-taking in commercial banks. It also examines whether the level of regional green development acts as a moderator regarding this relationship.

Using a dataset composed of annual observations from 57 Chinese commercial banks between 2008 and 2021, this study employs both piecewise and curvilinear models.

Our results indicate that when the scale of green credit is low (<0.164), it increases the risk-taking of commercial banks. Conversely, when the scale of green credit is high (>0.164), it reduces the risk-taking of commercial banks. Moreover, this nonlinear relationship impact exhibits bank heterogeneity. Furthermore, the results show that the level of regional green development and local government policy support negatively moderate the relationship between green credit and commercial bank risk-taking. Furthermore, we find that green credit can directly enhance the net interest margin of commercial banks.

This study is the first to provide evidence of a nonlinear relationship between green credit and risk-taking in commercial banks, and it identifies the significant roles of regional green development level and local government policy support in the Chinese context.

The construction of megaprojects often involves substantial risks. While insurance plays an important role as a traditional risk transfer means, owners and insurance companies may still suffer huge losses during the risk management process. Therefore, considering the strong motivation of insurance companies to participate in the on-site risk management of megaprojects, this study aims to propose a collaborative incentive mechanism involving insurance companies, to optimize the risk management effect and reduce the risk of accidents in megaprojects.

Based on principal-agent theory, the research develops the static and dynamic incentive models for risk management in megaprojects, involving both the owner and insurance company. The study examines the primary factors influencing incentive efficiency. The results are numerically simulated with a validation case. Finally, the impact of parameter changes on the stakeholders' benefits is analyzed.

The results indicate that the dynamic incentive model is available to the achievement of a flexible mechanism to ensure the benefits of contractors while protecting the benefits of the owner and insurance company. Adjusting the incentive coefficients for owners and insurance companies within a specified range promotes the growth of benefits for all parties involved. The management cost and economic benefit allocation coefficients have a positive effect on the adjustment range of the incentive coefficient, which helps implement a more flexible dynamic incentive mechanism to motivate contractors to carry out risk management to reduce risk losses.

This study makes up for the absence of important stakeholders in risk management. Different from traditional megaproject risk management, this model uses insurance companies as bridges to break the island effect of risk management among multiple megaprojects. This study contributes to the body of knowledge by designing appropriate dynamic incentive mechanisms in megaproject risk management through insurance company participation, and provides practical implications to both owner and insurance company on incentive contract making, thus achieving better risk governance of megaprojects.

This study aims to propose a novel lightweight tendon-driven musculoskeletal arm (LTDM-arm) robot with a flexible series–parallel mixed skeletal joint structure and modularized artificial muscle system (MAMS). The proposed LTDM-arm exhibits human-like flexibility, safety and operational accuracy. In addition, to improve the safety and stability of the LTDM-arm, a control method is proposed to solve local artificial muscle overload accidents.

The proposed LTDM-arm comprises seven degrees of freedom skeletons, 15 MAMSs and various sensor systems (joint sensing, muscle tension sensing, visual sensing, etc.). It retains the morphology of a human skeleton (humerus, ulna and radius) and a simplified muscle configuration. This study proposes an input saturation control with full-state constraints to reduce local artificial muscle overload accidents caused by redundant muscle tension calculations.

3D circular trajectory experiments were conducted to verify the stability of the control method and the flexibility of the LTDM-arm. The results showed that the average error of the muscle length was approximately 0.35 mm (0.38%), which indicates that the proposed control scheme can make the output follow the target trajectory while ensuring constraint satisfaction.

The human arm is capable of performing compliant operations rapidly, flexibly and robustly in unstructured environments. Existing musculoskeletal arm robots lack simulations of the full morphology of the human arm and are insufficient in dexterity. However, the flexibility and safety features of the proposed LTDM-arm were consistent with that of the human arm. Therefore, this study offers a new approach for investigating the advantages of the musculoskeletal system and the concepts of muscle control.

This study develops a model and algorithm to solve the decentralized resource-constrained multi-project scheduling problem (DRCMPSP) and provides a suitable priority rule (PR) for coordinating global resource conflicts among multiple projects.

This study addresses the DRCMPSP, which respects the information privacy requirements of project agents; that is, there is no single manager centrally in charge of generating multi-project scheduling. Accordingly, a three-stage model was proposed for the decentralized management of multiple projects. To solve this model, a three-stage solution approach with a repeated negotiation mechanism was proposed.

The experimental results obtained using the Multi-Project Scheduling Problem LIBrary confirm that our approach outperforms existing methods, regardless of the average utilization factor (AUF). Comparative analysis revealed that delaying activities in the lower project makespan produces a lower average project delay. Furthermore, the new PR LMS performed better in problem subsets with AUF < 1 and large-scale subsets with AUF > 1.

A solution approach with a repeated-negotiation mechanism suitable for the DRCMPSP and a new PR for coordinating global resource allocation are proposed.

Merchant guild culture derives from business practices associated with medieval and early modern merchant guilds. This study aims to investigate the nexus between merchant guild culture and firm internationalization as well as the factors that moderate this nexus.

Based on the distribution of the ten merchant guilds in China and data on Chinese listed companies, this study uses the geographical proximity-based method to measure the intensity of merchant guild culture, which is the nearest distance between the ten merchant guilds’ origins and each firm’s registered address.

This study provides robust evidence that merchant guild culture positively relates to the degree of firm internationalization. It also documents that this nexus is stronger for firms with overseas background executives and those situated in highly marketized regions.

The findings of this study have valuable implications for both governments and firms. Governments can leverage local cultures to promote the internationalization of domestic firms, particularly in emerging economies with rich cultural heritage. Firms can further enhance their internationalization efforts by hiring more executives with overseas backgrounds.

This study advances the imprinting literature, provides a novel perspective on the antecedents of firm internationalization and expands research on the contemporary value of historical business culture.

Based on the data from “Thousand village surveys” project of Shanghai University of Finance and Economics, we employ the ordered logistic method to do the empirical analysis on consumption, life and satisfaction (subjective well-being) of Chinese rural elderly. First, the result shows that the consumption (exclude medical expenses) has positive effect on the satisfaction of Chinese rural elderly, while the rural elderly are not preferred to compare with others. Good participation in social life and medical care condition could enhance the satisfaction of rural elderly. Second, the authors divided the sample into two groups as high-consumption group and low-consumption group. The result shows that the low-consumption group more tend to rely on their family members than high-consumption group. The authors suggest that in order to improve the rural elderly life satisfaction, the government needs to improve medical care system.

This study aims to improve the muscle model control performance of a tendon-driven musculoskeletal system (TDMS) to overcome disadvantages such as multisegmentation and strong coupling. An adaptive network controller (ANC) with a disturbance observer is established to reduce the modeling error of the musculoskeletal model and improve its antidisturbance ability.

In contrast to other control technologies adopted for musculoskeletal humanoids, which use geometric relationships and antagonist inhibition control, this study develops a method comprising of three parts. (1) First, a simplified musculoskeletal model is constructed based on the Taylor expansion, mean value theorem and Lagrange–d’Alembert principle to complete the decoupling of the muscle model. (2) Next, for this simplified musculoskeletal model, an adaptive neuromuscular controller is designed to acquire the muscle-activation signal and realize stable tracking of the endpoint of the muscle-driven robot relative to the desired trajectory in the TDMS. For the ANC, an adaptive neural network controller with a disturbance observer is used to approximate dynamical uncertainties. (3) Using the Lyapunov method, uniform boundedness of the signals in the closed-loop system is proved. In addition, a tracking experiment is performed to validate the effectiveness of the adaptive neuromuscular controller.

The experimental results reveal that compared with other control technologies, the proposed design techniques can effectively improve control accuracy. Moreover, the proposed controller does not require extensive considerations of the geometric and antagonistic inhibition relationships, and it demonstrates anti-interference ability.

Musculoskeletal robots with humanoid structures have attracted considerable attention from numerous researchers owing to their potential to avoid danger for humans and the environment. The controller based on bio-muscle models has shown great performance in coordinating the redundant internal forces of TDMS. Therefore, adaptive controllers with disturbance observers are designed to improve the immunity of the system and thus directly regulate the internal forces between the bio-muscle models.

Studies on titanium implants have shown that the mechanical properties of the parts are affected by the microstructure characteristic derived from the manufacturing process. The properties of different orientations of specimens under the same process parameters will be different, which should be considered in the application of bone implants. This paper aims to understand the influence of microstructure on micro-hardness, wear and corrosion resistance in different orientations.

The authors manufactured titanium parts and carried out micro-hardness, wear tests and electrochemical corrosion of different orientations under the same process conditions. Then, finally studied the evolution mechanism of the microstructure in different orientations and its influence mechanism on wear and corrosion mechanism.

The melting method makes the grains on the surface in XY orientation finer. The wear mechanism of XY orientation is abrasive wear, that of XZ and YZ orientations are adhesive wear. During corrosion, XY orientation forms a stable passivation film earlier. Compared with XZ and YZ orientations, XY orientation has higher micro-hardness, better wear and corrosion resistance.

In this paper, the microstructure, wear and corrosion resistance of selective laser melted parts were discussed and the differences in different orientations under the same experimental conditions were discussed. The evolution mechanism of the microstructure in different orientations and its influence mechanism on wear mechanism and corrosion mechanism was studied. The mechanical anisotropy of selective laser melted components was discussed.

Promoting low-carbon in the construction industry is important for achieving the overall low-carbon goals. Public–private partnership is very popular in public infrastructure projects. However, different perceptions of low-carbon and behaviors of public and private sectors can hinder the realization of low-carbon in these projects. In order to analyze the willingness of each stakeholder to cooperate towards low-carbon goals, an evolutionary game model is constructed.

An evolutionary game model that considers the opportunistic behavior of the participants is developed. The evolutionary stable strategies (ESSs) under different scenarios are examined, and the factors that influence the willingness to cooperate between the government and private investors are investigated.

The results illustrate that a well-designed system of profit distribution and subsidies can enhance collaboration. Excessive subsidies have negative impact on cooperation between the two sides, because these two sides can weaken income distribution and lead to the free-riding behavior of the government. Under the situation of two ESSs, there is also an optimal revenue distribution coefficient that maximizes the probability of cooperation. With the introduction of supervision and punishment mechanism, the opportunistic behavior of private investors is effectively constrained.

An evolutionary game model is developed to explore the cooperation between the public sector and the private sector in the field of low-carbon construction. Based on the analysis of the model, this paper summarizes the conditions and strategies that can enable the two sectors to cooperate.