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1 – 10 of 13Yang Gao, Yangyang Li and Yaojun Wang
This paper aims to explore the interaction between investor attention and green security markets, including green bonds and stocks.
Abstract
Purpose
This paper aims to explore the interaction between investor attention and green security markets, including green bonds and stocks.
Design/methodology/approach
This study takes the Baidu index of “green finance” as the proxy for investor attention and constructs several generalized prediction error variance decomposition models to investigate the interdependence. It further analyzes the dynamic interaction between investor attention and the return and volatility of green security markets using the rolling time window.
Findings
The empirical analysis and robustness test results reveal that the spillovers between investor attention and the return and volatility of the green bond market are relatively stable. In contrast, the spillover level between investor attention and the green stock market displays significant time-varying and asymmetric effects. Moreover, the volatility spillover between investor attention and green securities is vulnerable to major financial events, while the return spillover is extremely sensitive to market performance.
Originality/value
The conclusion further expands the practical application and theoretical framework of behavioral finance in green finance and provides a new reference for investors and regulators. Besides, this study also lays a theoretical basis for investors to focus on the practical application of volatility prediction and risk management in green securities.
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Yang Gao, Wanqi Zheng and Yaojun Wang
This study aims to explore the risk spillover effects among different sectors of the Chinese stock market after the outbreak of COVID-19 from both Internet sentiment and price…
Abstract
Purpose
This study aims to explore the risk spillover effects among different sectors of the Chinese stock market after the outbreak of COVID-19 from both Internet sentiment and price fluctuations.
Design/methodology/approach
The authors develop four indicators used for risk contagion analysis, including Internet investors and news sentiments constructed by the FinBERT model, together with realized and jump volatilities yielded by high-frequency data. The authors also apply the time-varying parameter vector autoregressive (TVP-VAR) model-based and the tail-based connectedness framework to investigate the interdependence of tail risk during catastrophic events.
Findings
The empirical analysis provides meaningful results related to the COVID-19 pandemic, stock market conditions and tail behavior. The results show that after the outbreak of COVID-19, the connectivity between risk spillovers in China's stock market has grown, indicating the increased instability of the connected system and enhanced connectivity in the tail. The changes in network structure during COVID-19 pandemic are not only reflected by the increased spillover connectivity but also by the closer relationships between some industries. The authors also found that major public events could significantly impact total connectedness. In addition, spillovers and network structures vary with market conditions and tend to exhibit a highly connected network structure during extreme market status.
Originality/value
The results confirm the connectivity between sentiments and volatilities spillovers in China's stock market, especially in the tails. The conclusion further expands the practical application and theoretical framework of behavioral finance and also lays a theoretical basis for investors to focus on the practical application of volatility prediction and risk management across stock sectors.
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Jun Yao, Ju Wang and Huidan Zhang
To protect industrial cultural heritage, the methods of overall protection and utilization of industrial heritage were put forward in the transformation and development of…
Abstract
To protect industrial cultural heritage, the methods of overall protection and utilization of industrial heritage were put forward in the transformation and development of resource-based cities. Taking Chongqing, a famous old industrial city in China, as the research object, from the cultural heritage, history, architecture, urban planning and other disciplines, the construction of Chongqing industrial heritage protection theory and practice methods were explored to guide the protection and utilization of Chongqing industrial heritage. A progressive evaluation method from the whole to the local was established. Industrial cities, typical corporate and architectural heritage were evaluated. The overall characteristics of urban industrial development were reflected. The renewal of old industrial areas and the protection of industrial heritage were elaborated through the overall co-ordination of urban design and detailed planning. The results showed that it was the key to integrate the protection elements and requirements into the detailed urban control planning. Therefore, special planning plays an important role in protecting industrial heritage.
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Xianbei Huang, Baoyun Qiu, Qiang Guo, Zhuqing Liu, Wei Yang and Yaojun Li
Construct a new sub-grid scale (SGS) model which can improve the efficiency and maintain comparative accuracy comparing to the existing dynamic cubic non-linear SGS model (DCNM).
Abstract
Purpose
Construct a new sub-grid scale (SGS) model which can improve the efficiency and maintain comparative accuracy comparing to the existing dynamic cubic non-linear SGS model (DCNM).
Design/methodology/approach
The polynomial constitutive relation between the SGS stress tensor and both strain and rotation rate is selected as a basement. Simplification is achieved by eliminating the solid-body rotation term and adopting the assumption proposed by Kosovic. A dynamic procedure is applied to calculate three model coefficients in the new model. The new model (named dynamic simplified Lund model) and DCNM are applied to the rotating channel flow and the internal flow in a centrifugal pump impeller to examine the performance.
Findings
The new model is as accurate as DCNM but decreases 25 per cent computational resources. The ability of capturing rotation effect and reflecting backscatter is verified through cases. In addition, good numerical stability is shown during the calculation.
Research limitations/implications
More benchmark and engineering cases should be used to get further confidence on the new model.
Practical implications
The new model is promising in industrial application with the advantage of both accuracy and efficiency. For the flow with large-scale separation or more complicate phenomenon, the model is thought to give accurate flow structure.
Originality/value
A new non-linear SGS model is proposed in this paper. The accuracy, numerical stability and efficiency are validated for this model. Therefore, it is promising in the prediction of the flow structure in centrifugal pumps.
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Yaru Huang, Yaojun Ye and Mengling Zhou
This paper aims to build an improved grey panel clustering evaluation model and evaluate the comprehensive development potential of industrial economy, society and ecological…
Abstract
Purpose
This paper aims to build an improved grey panel clustering evaluation model and evaluate the comprehensive development potential of industrial economy, society and ecological environment in the Yangtze River Economic Belt of China. The purpose of this study is to provide some theoretical basis and tool support for management departments and relevant researchers engaged in industrial sustainable development.
Design/methodology/approach
This study uses the driving force pressure state impact response analysis framework to build a comprehensive evaluation index system. Based on the center point triangle whitening weight function, it classifies the panel grey clustering of improvement time and index weight.
Findings
The results show that there are great differences in the level of industrial ecological development in different regions of the Yangtze River Economic Belt, which further illustrates the scientificity and rationality of the evaluation method proposed in this paper.
Practical implications
Due to the industrial ecological development is in a constantly changing state, and the information is uncertain. Whitening weight function is introduced to represent the complete information of relevant data. The industrial ecological evaluation involves a comprehensive complex system, which belongs to the panel data analysis problem. The improved grey panel clustering evaluation model is applied to grade the industrial ecological development level of the Yangtze River Economic Belt. The results have important guiding significance for the balanced development of industrial ecology in the region.
Social implications
Due to the industrial ecological development is in a constantly changing state, and the information is uncertain. Whitening weight function is introduced to represent the complete information of relevant data. The industrial ecological evaluation involves a comprehensive complex system, which belongs to the panel data analysis problem. In order to improve the effectiveness of industrial ecological evaluation, the improved grey panel clustering evaluation model is applied to grade the industrial ecological development level of the Yangtze River Economic Belt. The results have important guiding significance for the balanced development of industrial ecology in the region.
Originality/value
the new model proposed in this paper complements and improves the grey clustering analysis theory of panel data, that is, aiming at the subjective limitation of using time degree to determine time weight in panel grey clustering, a comprehensive theoretical method for determining time weight is creatively proposed. Combining the DPSIR (Driving force-Pressure-State-Influence-Response) model model with ecological development, a comprehensive evaluation model is constructed to make the evaluation results more authentic and comprehensive.
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Kaiwen Pang, Yaojun Li, Wei Yang and Zhuqing Liu
This study aims to develop and validate a new cavitation model that considers thermodynamic effects for high-temperature water flows.
Abstract
Purpose
This study aims to develop and validate a new cavitation model that considers thermodynamic effects for high-temperature water flows.
Design/methodology/approach
The Rayleigh–Plesset equation and “B-factor” method proposed by Franc are used to construct a new cavitation model called “thermodynamic Zwarte–Gerbere–Belamri” (TZGB) by introducing the thermodynamic effects into the original ZGB model. Furthermore, the viscous term of the Rayleigh–Plesset equation is considered in the TZGB model, and the model coefficients are formulated as a function of temperature. Cavitating flows around the NACA0015 hydrofoil under different water temperatures (25°C, 50°C and 70°C) at the angle of attack of 5° are calculated.
Findings
Results of the investigated temperatures show good agreement with the available experimental data. Given that the thermodynamic and viscosity effects are included in the TZGB model and the model coefficients are treated as a function of temperature, the TZGB model shows better performance in predicting the pressure coefficient distribution and length of cavity than the original ZGB cavitation model and other models do. The TZGB model aims to determine the thermodynamic and viscosity effects and perform better than the other models in predicting the mass transfer rate, particularly in high-temperature water.
Originality/value
The TZGB model shows potential in predicting the cavitating flows at high temperature and the computational cost of this model is similar to that of the original ZGB model.
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Xianbei Huang, Yaojun Li, Zhuqing Liu and Wei Yang
The purpose of this paper is to obtain a better understanding of the rotor–stator interaction in the vaneless region of a centrifugal pump.
Abstract
Purpose
The purpose of this paper is to obtain a better understanding of the rotor–stator interaction in the vaneless region of a centrifugal pump.
Design/methodology/approach
A third-order sub-grid scale (SGS) model containing the rotation rate tensor named the dynamic cubic non-linear model (DCNM) is used for simulating the flow field in a centrifugal pump with a vaned diffuser. The pressure coefficient and velocity distributions are compared with the experimental data. Focusing on the vaneless region, the pressure pulsation, Reynolds stress pulsation and Reynolds stress transport equation are analyzed.
Findings
The comparison of the calculation results with the experimental data indicates that the DCNM can accurately capture the distributions of pressure and velocity in the vaneless region. Based on the instantaneous pressure signals, the pressure pulsation is analyzed to show that in the vaneless region, the dominant frequency near the impeller is twice the blade passing frequency, whereas it is equal to the blade passing frequency near the diffuser. Further exploration of the Reynolds stress pulsation shows the correlation between the two variables. Additionally, the extreme low frequency of Reynolds stress near the diffuser is found to be related to the rotation instability. To explore the turbulence characteristics in the vaneless region, the Reynolds stress transportation equation is studied. In the vaneless region, the rotation term of the Reynolds stress transport equation is negligible compared to the production term, although the rotation instability is obvious near the diffuser. The production of the Reynolds stress plays the role of redistributing the energy from the uu component to the vv component, except for the region near the impeller outlet.
Originality/value
The third-order SGS model DCNM has proved to be promising in simulating the rotor–stator interaction. The analysis of the rotation instability and the Reynolds stress transport equation shed light on the further understanding of the rotor–stator interaction.
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Jun Yao, Ruochen Ding, Kailun Li, Baorui Du, Lu Zhao and Yixiang Yuan
The purpose of this paper is to identify the energy absorption characteristics of arch micro-strut (ARCH) lattice structure (different from traditional straight micro-strut…
Abstract
Purpose
The purpose of this paper is to identify the energy absorption characteristics of arch micro-strut (ARCH) lattice structure (different from traditional straight micro-strut lattice structure) under high-speed impact, and promote the development of special-shaped micro-strut lattice structure.
Design/methodology/approach
The study serves to study the anti-impact and energy absorption characteristics of ARCH lattice structure under different strain rates and different unit layers of lattice structure. In this paper, quasi-static compression and Hopkinson compression bar experiments are used for comparative analysis.
Findings
The results show that the ARCH lattice structure has obvious strain rate effect. When the strain rate is low, the number of layers of lattice structure has a great influence on the mechanical properties. With the increase of strain rate, the influence of the number of layers on the mechanical properties gradually weakens. So the ARCH lattice structure with fewer layers (less than five layers) should be selected as the impact energy absorbing materials at lower impact rate, while at higher impact rate, the number of layers can be selected according to the actual requirements of components or devices space size.
Originality/value
This study shows that Arch lattice structure has excellent energy absorption performance, and provides a theoretical reference for the application of ARCH lattice structure in energy-absorbing materials. ARCH lattice structure is expected to be applied to a variety of energy absorption and anti-impact components or devices, such as aircraft black box fall buffer components, impact resistant layer of bulletproof and landing buffer device.
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Yaojun Han, Changjun Jiang and Xuemei Luo
The purpose of this paper is to present a scheduling model, scheduling algorithms, and formal model and analysis techniques for concurrency transaction in grid database…
Abstract
Purpose
The purpose of this paper is to present a scheduling model, scheduling algorithms, and formal model and analysis techniques for concurrency transaction in grid database environment.
Design/methodology/approach
Classical transaction models and scheduling algorithms developed for homogeneous distributed architecture will not work in the grid architecture and should be revisited for this new and evolving architecture. The conventional model is improved by three‐level transaction scheduling model and the scheduling algorithms for concurrency transaction is improved by considering transmission time of a transaction, user's priority, and the number of database sites accessed by the transaction as a priority of the transaction. Aiming at the problems of analysis and modeling of the transaction scheduling in grid database, colored dynamic time Petri nets (CDTPN) model are proposed. Then the reachability of the transaction scheduling model is analyzed.
Findings
The three‐level transaction scheduling model not only supports the autonomy of grid but also lightens the pressure of communication. Compared with classical transaction scheduling algorithms, the algorithms not only support the correctness of the data but also improve the effectiveness of the system. The CDTPN model is convenient for modeling and analyzing dynamic performance of grid transaction. Some important results such as abort‐ratio and turnover‐time are gotten by analyzing reachability of CDTPN.
Originality/value
The three‐level transaction scheduling model and improved scheduling algorithms with more complex priority are presented in the paper. The paper gives a CDTPN model for modeling transaction scheduling in grid database. In CDTPN model, the time interval of a transition is a function of tokens in input places of the transition.
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Yue Chen and Zeyuan Liu
The purpose of this paper is to recognize the concepts and disciplinary position of management, for faculty members in management circles, which can help them develop their…
Abstract
Purpose
The purpose of this paper is to recognize the concepts and disciplinary position of management, for faculty members in management circles, which can help them develop their academic career.
Design/methodology/approach
Based on review and clarification of domestic and international disciplinary concepts on management, this paper takes data from academic journals of international management as the sample, making use of the latest mapping knowledge domains method.
Findings
Reveals the disciplinary boundary of modern management and disciplinary position of general management as a basic discipline, demonstrates the relationship between management and other relevant disciplines, such as psychology, sociology, economics, mathematics, etc. shows the trend of ascending position of management in mankind's knowledge system as an independent discipline.
Originality/value
This paper identifies concepts and information in management sciences which will provide inspiration for management in China, to move forward to the international academic frontline.
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