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The purpose of this paper is to investigate whether negative incentives in the pay-for-performance mechanism would trigger loan officers to strategically reject potentially good loans. If so, what is the feasible solution to alleviate the problem.

A framed field experiment was conducted to test loan decision behaviors using loan officers from Rural Credit Cooperatives in Shandong, China. A 2 by 2 between-subject design was adopted to generate variation in incentives and prior information about credit risks.

Results showed that loan officers did ration credit by rejecting more loans when facing risks of personal income loss. However, providing risk information about the application pool boosted the approval rate and offset the behavioral responses by a roughly same magnitude.

Findings in this study suggest that certain institutional settings can result in credit rationing via strategic loan misclassification. Further, information sometimes generates similar effects as those costly incentives or mechanisms that are not implementable in practice.

This study adopted an innovative monetized experimental design that allows researchers to examine the (otherwise unobservable) trade-offs between Type I and Type II error in loan misclassification as incentives change. In addition, an anchoring prior information treatment is used to solicit the relative power of almost costless information and costly monetary incentives, and to point out a potentially feasible solution.

Adopting the context, input, process and product (CIPP) evaluation assessment model, this study aims to achieve three objectives: (1) to identify the characteristics of educational activities conducted by the International Table Tennis Federation (ITTF) museum; (2) to explore the key factors that promote and optimize the educational objectives of the ITTF museum and (3) to develop a framework that attempts to unpack the complex and dynamic processes of activities conducted by the ITTF museum.

A qualitative research using in-depth interviews was conducted to explore the functions and activities of the ITTF museum.

The path of educational activities carried out is expressed in four aspects: (1) educational background including philosophy and purpose, advantages possessed and the learning needs and readiness of the audience; (2) the resource input includes resource allocation, venue structure, funding channels and the basis of activity program design; (3) the educational activity process includes external cooperation and exchange, the specific content of the activity programs, the teaching strategies and methods during the activities and the response to the challenges of the epidemic and (4) the results of the activities include the number of audience and population distribution, evaluation and feedback of the activities, ways and means of promoting the activities and difficulties and challenges faced.

In the follow-up studies, quantitative research can be conducted by developing a questionnaire based on the current study’s findings. Evaluation scales can be set to continue to enrich and improve the uncovered research content, which is conducive to promoting the objectives of the ITTF museum and giving full play to the educational function, thus enriching the research of sports museums.

The contributions of this study are as follows. First, it enriches the application of the CIPP assessment model in the context of sports museums. It helps the ITTP museum better perform its educational function and provides a reference for future activities of sports museums.

The purpose of this paper is to construct a novel GM(0, N) model based on grey number sequences and to solve the problem of cost forecasting of commercial aircraft which puzzled managers, especially the factors of cost with uncertain information.

Based on the definition of traditional GM(0, N) model, the paper considers the limited information and knowledge, and the algorithm of grey numbers with greyness and kernel was designed. A novel GM(0, N) model based on grey number sequences, named the IN‐GM(0, N) model, is proposed according to the definition of the grey numbers algorithm. The steps of the proposed model are then given. Finally, a case of domestic commercial aircrafts is developed as an example, based on information gathering and model calculating.

The results of this research indicate that the IN‐GM(0,N) model is effective in cost calculating, providing reliable technical support for cost estimation of large‐scale complex equipment including commercial aircraft.

Cost forecasting of commercial aircraft can be solved effectively and the model can also be utilized to predicate other products.

The paper succeeds in constructing a novel grey forecasting model. This work contributes significantly to improving grey forecasting theory and to undoubtedly propose more novel grey forecasting models.

The purpose of this paper is to propose a new system frame named ACPI for research and development (R&D) management of complex equipments according to the ideas of artificial societies, computational experiments, parallel execution and interactive optimization.

An artificial system which can effectively model, simulate and recur the main features and behaviors of a real R&D system of complex equipment is established at first. The structure and function of the system and its subsystems, and the relation of factors in the system are analyzed. Then one can perform computation experiment, modeling and simulation in the artificial system to obtain the optimal solutions. Finally, practice these solutions in a real system and at the same time perform the solutions in artificial system, forecasting and warning the possible new situations and problems in a realistic process, and provide controlling scheme.

The typical characteristics and solutions of the R&D system of complex equipment are analyzed. The sketch scheme of ACPI, the system frame of ACPI for R&D management of complex equipments are proposed, and the key technologies used in implementing ACPI of R&D system of complex equipment are studied.

The outcome of this paper can be used in computation experiments, management and optimization of R&D systems of complex equipment.

The sketch scheme of ACPI, the system frame of ACPI for R&D management of complex equipments are proposed first. The ACPI system can supply a high‐performance, open and interactive platform for the analog simulation and computation experiments of the R&D process management of complex equipment.

The purpose of this paper is to review systematically the research of grey relation analysis (GRA) models.

Three different approaches, the springboard to build a GRA model, the angle of view in modelling, and the dimension of objects, are analysed, respectively.

The GRA models developed from the models based on relation coefficients of each point in the sequences in early days to the generalized GRA models based on integral or overall perspective. It evolved from the GRA models which measure similarity based on nearness, into the models which consider similarity and nearness, respectively. The objects of the research advanced from the analysis of relationship among curves to that among curved surfaces, and further to the analysis of relationship in three‐dimensional space and even the relationship among super surfaces in n‐dimensional space.

The further research on GRA models is proposed. One is about the property of GRA model. An in‐depth knowledge about the properties of GRA model will help people to understand its function, applicable area and requirements for modelling. The other one is about the extension of research object system. The object to be analysed should be extended from the common sequence of real numbers to grey numbers, vectors, matrices, and even multi‐dimensional matrices, etc.

This paper explored factors that impact insurance choices of demand (farmers) and supply (insurance companies) side, respectively.

Specially designed survey questions allow one to fully observe the demand tendency from farmers and partially observe the supply tendency from insurance companies. Using bi‐vairate probit model, a joint estimation of insurance decisions of both supply and demand sides suggested that factors perform different roles in affecting insurance participation.

Farmer's age and education have positive impacts on insurance demand, but are indifference to insurance providers. Insurance suppliers care about farmers' experience in the fields when providing insurance services, however, on the demand side, farmers' experience occasionally results in overconfidence and hence, impedes farmers' insurance purchasing. Production scales, proxy by sow inventory, are put more weight by farmers than insurance suppliers when making decisions. Production efficiency measures perform as incentives for farmers to purchase insurance. While suppliers prefer customers who use vaccine, farmers tend to treat vaccine as a substitute for insurance to prevent disease risk.

Results from bi‐vairate probit model offer deeper understandings about livestock insurance choices and provide further insights to improve policy design and promote participation.

The study designed a special questionnaire and firstly used bi‐vairate probit model to offer more understandings about demand and supply sides of livestock insurance.

This paper aims to contribute to the performance improvement and the broader application of hot-dip galvanized coating.

First, the ability to provide barrier protection, galvanic protection, and corrosion product protection provided by hot-dip galvanized coating is introduced. Then, according to the varying Fe content, the growth process of each sublayer within the hot-dip galvanized coating, as well as their respective microstructures and physical properties, is presented. Finally, the electrochemical corrosion behaviors of the different sublayers are analyzed.

The hot-dip galvanized coating is composed of η-Zn sublayer, ζ-FeZn13 sublayer, δ-FeZn10 sublayer, and Γ-Fe3Zn10 sublayer. Among these sublayers, with the increase in Fe content, the corrosion potential moves in a noble direction.

There is a lack of research on the corrosion behavior of each sublayer of hot-dip galvanized coating in different electrolytes.

It provides theoretical guidance for the microstructure control and performance improvement of hot-dip galvanized coatings.

The formation mechanism, coating properties, and corrosion behavior of different sublayers in hot-dip galvanized coating are expounded, which offers novel insights and directions for future research.

The purpose of the current study is to contribute to the existing body of knowledge by understanding the rationale, benefits and consequences of taxing cryptocurrency transactions. This study investigates where taxation and cryptocurrencies meet from an investment standpoint.

A comprehensive bibliometric study was conducted to offer a thorough examination of the published literature in the last decade pertaining to the intersection of cryptocurrencies and taxation across nations. This study provides an analysis of citation patterns, prominent authors, publication trends and thematic clusters by applying VOSviewer and R-studio.

The results indicate a tendency in the existing literature to address the taxes concerns associated with cryptocurrency transactions. The findings demonstrate that cryptocurrency taxation discrepancies across countries create tax evasion, transaction risks and market uncertainties.

The report provides a theoretical framework for policymakers and financial experts to create a global cryptocurrency tax regime. The study emphasizes the need to incorporate technology start-ups to mitigate public safety and security risks, strengthen financial systems and provide regulators with necessary supervision.

The study provides an extensive on taxation issues such as tax evasion and money laundering in the context of cryptocurrency. There has been no prior effort to explore this research domain so deeply and provide comprehensive details on cryptocurrency.

The purpose of this paper is to provide a critical historical analysis of the business (mis)behaviors and influencing factors that discourage enduring cooperation between principals and agents, to introduce strategies that embrace the social values, economic motivation and institutional designs historically adopted to curtail dishonest acts in international business and to inform an improved principal–agent theory that reflects principal–agent reciprocity as shaped by social, political, cultural, economic, strategic and ideological forces

The critical historical research method is used to analyze Chinese compradors and the foreign companies they served in pre-1949 China.

Business practitioners can extend orthodox principal–agent theory by scrutinizing the complex interactions between local agents and foreign companies. Instead of agents pursuing their economic interests exclusively, as posited by principal–agent theory, they also may pursue principal-shared interests (as suggested by stewardship theory) because of social norms and cultural values that can affect business-related choices and the social bonds built between principals and agents.

The behaviors of compradors and foreign companies in pre-1949 China suggest international business practices for shaping social bonds between principals and agents and foreign principals’ creative efforts to enhance shared interests with local agents.

Understanding principal–agent theory’s limitations can help international management scholars and practitioners mitigate transaction partners’ dishonest acts.

A critical historical analysis of intermediary businesspeople’s (mis)behavior in pre-1949 (1840–1949) China can inform the generalizability of principal–agent theory and contemporary business strategies for minimizing agents’ dishonest acts.