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This study aims to investigate the relationship between corporate social contribution measures and investors’ reaction under the effect of corporate governance for firms listed in China, the largest emerging economy in the world. Corporate social contribution is examined from an informative perspective by using a financial indicator – social contribution value per share (SCVPS) brought up by the Shanghai Stock Exchange in 2008.

Data are obtained from two channels: financial information during 2007-2015 generated from database and social accounting information manually collected from the 2007-2015 annual reports and social reports.

It is predicted that investors’ reaction toward corporate social contribution becomes stronger for companies with higher corporate governance quality.

This paper is one of the first to use Chinese SCVPS data to indicate the informativeness of social contribution toward firm value. It can serve as a valuable reference to both investors and companies in terms of the issue of social contribution.

The study highlights the importance of social contribution on firm value by using an empirical approach in the Chinese market. The study can be used as a reference for many other developing countries in the world.

The findings of this study can provide guidance to investors on how to evaluate a firm’s social performance and encourage companies to improve the transparency of their social reporting, as well as the quality of corporate governance.

The authors position security measures and payment culture as key determinants of perceived security (PS) and trust. The purpose of this paper is to empirically investigate how PS and trust affect users’ attitude toward mobile payment use and why mobile payment has developed differently in the USA and in China.

Empirical data were collected from a survey conducted both in China and in the USA. The whole sample consists of 186 Chinese and 196 Americans. Partial least squares analysis was conducted to test the proposed relationships and multigroup comparison analysis was performed to examine the differences in the coefficients of those relationships between Chinese and the US model.

The findings show that payment culture (measured by coverage of mobile payment context (CMPC) and uncertainty avoidance (UA)) and security measures (measured by security technology protection (STP), security rules and policies (SRP), and security responsibility commitment (SRC)) have significantly positive impacts on the PS and trust, except that the positive impact of security on trust is not supported. The impacts of CMPC and PS on trust in the USA are significantly smaller than those in China, whereas the impacts of security measures and UA on PS and trust do not show significant differences between the two countries.

Respondents of this study are selected from young educated population, the major users of mobile payment in 2015. However, recently with the increasing penetration of mobile payment, major mobile payment users are not only limited to young educated population, and thus there may be new findings after extending the range of respondents’ age. Since the research subjects in this study are the mobile payment of China and the USA, the authors could also expect different findings when the research subjects are extended or changed to other countries because of different mobile payment cultures across countries.

Findings in this paper will help mobile payment service providers to know the determinants of their users’ behavior intention and to take measures to improve these determinants, and these findings can also provide mobile payment service providers with insights into the differences in mobile payment use between the two countries and suggestions of measures that they can take to increase users’ attitude toward mobile payment use. Furthermore, the findings of this paper also help these providers globalize efficiently by paying more attention to those antecedents.

The findings in this paper show that there is no difference in the impacts of UA and security measures on PS and trust between China and the USA. However, the impacts of PS and CMPC on trust in China are significantly higher than those in the USA. This is because that globalization has made people from different countries hold similar UA, whereas the CMPC, a construct refers to the business environment of mobile payment, is still very different between China and the USA.

This study extends prior studies of attitude toward mobile payment use through proposing that security measures and payment culture are key determinants of PS and trust and examining the role of PS and trust on the attitude. Furthermore, the empirical findings will not only provide mobile payment service providers with important insights into the differences in mobile payment adoption between the two countries, but also help these providers globalize efficiently by paying more attention to those antecedents.

The purpose of this paper is with delay-independent stabilization of nonlinear systems with multiple time-delays and its application in chaos synchronization of Rössler system.

Based on linear matrix inequality and algebra Riccati matrix equation, the stabilization result is derived to guarantee asymptotically stable and applicated in chaos synchronization of Rössler chaotic system with multiple time-delays.

A controller is designed and added to the nonlinear system with multiple time-delays. The stability of the nonlinear system at its zero equilibrium point is guaranteed by applying the appropriate controller signal based on linear matrix inequality and algebra Riccati matrix equation scheme. Another effective controller is also designed for the global asymptotic synchronization on the Rössler system based on the structure of delay-independent stabilization of nonlinear systems with multiple time-delays. Numerical simulations are demonstrated to verify the effectiveness of the proposed controller scheme.

The introduced approach is interesting for delay-independent stabilization of nonlinear systems with multiple time-delays and its application in chaos synchronization of Rössler system.

The purpose of this paper is to study the control and synchronization of the hyperchaotic finance system.

A single controller scheme is introduced. The Routh-Hurwitz criteria and the structure of solution of first-order linear differential equations are adopted in analysis of control and synchronization.

Two single controllers are designed and added to the new hyperchaotic finance system. The stability of the hyperchaotic finance system at its zero equilibrium point is guaranteed by applying the appropriate single controller signal based on Routh-Hurwitz criteria. Another effective controller is also designed for the global asymptotic synchronization on the hyperchaotic finance system based on the structure of solution of first-order linear differential equations. Numerical simulations are demonstrated to verify the effectiveness of the proposed single controller scheme.

The introduced approach is interesting for control and synchronization the hyperchaotic finance system.

Purpose – This chapter reviews the provision for freight transport in Shanghai, and makes recommendations for the development of road freight including the aspects of optimizing the port transportation system, strengthening the planning and construction of freight terminals, promoting the formation of a city distribution system, adjusting downtown traffic policies, and promoting the provision of road freight information systems.

Methodology – Based on primary data and observation, this chapter describes the status of road freight in Shanghai and details existing problems. Based on experience elsewhere it then proposes changes in policy.

Findings – This chapter proposes some recommendations as follows: optimizing the collection and distribution system of the Shanghai port, planning, and construction of road freight terminals, adjusting the freight traffic policy in the central area and improving the performance of freight firms.

Implications – These recommendations, based on good practice elsewhere, should both enhance the efficiency of road freight in Shanghai and reduce its environmental impacts.

Value of chapter – The study will help the sound and orderly development of Shanghai's road freight transportation, better satisfy the needs of the people, and promote the development of Shanghai economy.

Lifelong learning has come to involve a variety of learning experiences. These include conventional campus teaching, workplace open learning, modular flexible learning programmes, correspondence‐based distance learning courses, and most recently Web or multimedia‐based courseware. This paper considers the use of multimedia environments for open, flexible and distance education, in particular a learning environment known as the “Virtual University” as part of a process of lifelong learning. A comparison of different modes of learning is made. The Virtual University consists of virtual lectures, virtual seminars, virtual tutorials and virtual exams. It has a number of advantages over both formal lectures and conventional open learning materials, such as interactivity, adaptation, simulation, demonstration and integration. A questionnaire survey was conducted to assess the effectiveness of the Virtual University, and the results indicate an enhancement of the overall learning experience.

Multiple fillers are adopted to study the filler influences on electrical and mechanical properties of the conductive adhesives. The performances of the developed nano-enhanced interconnect materials in printing process are also evaluated. The paper aims to discuss these issues.

Micron-sized silver flakes are used as the basic fillers, and submicro- and nano-sized silver spheres and carbon nanotubes (CNTs) are adopted to obtain conductive adhesives with multiple fillers. Differential scanning calorimetry measurement is carried out to characterize the curing behavior of the samples with different fillers, four-probe method is used to obtain the bulk resistivity, shear test is conducted for adhesive strength, and environmental loading test is also involved. Furthermore, printing trials with different patterns have been carried out.

The electrical resistivity of the adhesives with submicro-sized silver spheres does not monotonically change with the increasing sphere proportion, and there exists an optimized value for the ratio of silver flakes to spheres. Samples with relatively small amount of CNT additives show improved electrical properties, while their mechanical strengths tend to decrease. For the printing application, the adhesives with 18.3 volume% filler content behave much better than those with lower filler content of 6 percent. The presence of the nano-particles makes a slight improvement in the printing results.

More detailed printing performance and reliability test of the samples need to be carried out in the future.

The conductive adhesives as interconnect materials exhibit some improved properties with optimized bimodal or trimodal fillers. The additive of the nano-fillers affects slightly on the printing quality of the bimodal conductive adhesives.

This paper presents an interactionistic perspective that proposes three hypotheses: (1) Cultures have a life of their own: they change due to interactions in the cultural ecology; (2) Different modalities of a culture change at different paces and to different extents; (3) There appears to be an isomorphism between economic performance and cultural change. Should a cultural explanation of the Asian “growth” and “fall” be sought, it would be more meaningful to link economic performance to changes in Confucianism than to the static perception of that tradition. Managers should give more attention to the processes and impacts of cultural change in organizational behaviors in, especially, emerging markets.

JingWei BIAN is Director of Urban Construction Environment and Resources Committee of Xiamen Municipal People's Congress. He graduated from Tongji University with doctor's degree in urban planning and design. He is Professorate Senior Urban Planner and National Registered Urban Planner. He is a part-time Professor at Xiamen University, Huaqiao University and Jimei University. He has served as President of Xiamen Urban Planning and Design Institute and Deputy Director of Xiamen Planning Bureau. His main research interests are the urban planning theory and design, urban traffic planning, urban and rural planning management and regulations. He has published 4 books and over 50 papers on these topics.