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Real-time monitoring of the critical physical fields of core components in complex equipment is of great significance as it can predict potential failures, provide reasonable preventive maintenance strategies and thereby ensure the service performance of the equipment. This research aims to propose a hierarchical explicit–implicit combined sensing-based real-time monitoring method to achieve the sensing of critical physical field information of core components in complex equipment.

Sensor deployable and non-deployable areas are divided based on the dynamic and static constraints in actual service. An integrated method of measurement point layout and performance evaluation is used to optimize sensor placement, and an association mapping between information in non-deployable and deployable areas is established, achieving hierarchical explicit–implicit combined sensing of key sensor information for core components. Finally, the critical physical fields of core components are reconstructed and visualized.

The proposed method is applied to the spindle system of CNC machine tools, and the result shows that this method can effectively monitor the spindle system temperature field.

This research provides an effective method for monitoring the service performance of complex equipment, especially considering the dynamic and static constraints during the service process and detecting critical information in non-deployable areas.

Interorganizational power dependence has become an increasingly important factor for small and medium-sized enterprises (SMEs) to improve product innovation. This paper examines the role of power dependence in SMEs' product innovation trade-offs between exploration and exploitation. The article further studies the mediating effect of supply chain adaptability and the moderating effect of knowledge acquisition on the relationship between power dependence and product innovation.

The study proposes a model to verify the impact of power dependence on SMEs' product innovation trade-offs based on social network theory. Two conceptually independent constructs, “availability of alternatives (ALTRN)” and “restraint in the use of power (RSPTW),” are used to evaluate the power dependence. The model also analyzed how these effects are mediated by supply chain adaptability and moderated by knowledge acquisition. The authors test these relationships using data collected from 224 SMEs in China.

The empirical analysis shows that ALTRN has a more substantial effect on exploration for product innovation, while RSTPW has a more significant impact on exploitation for product innovation. Moreover, empirical data indicate a partial mediating effect by supply chain adaptability between power dependence and product innovation of SMEs. The results also show that knowledge acquisition positively moderates the relationship between ALTRN/RSTPW, supply chain adaptability and product innovation.

Overall, the findings of the study advance the understanding of the roles of power dependence in product innovation for SMEs. In addition, the research also uncovers the impact mechanisms of existing theoretical frameworks and extends the boundaries of the theory.

The paper aims to discuss the amended provisions relating to protection of minority shareholders (PMS) in the newly amended Chinese Company Law and evaluate whether it adequately protects the interests of minority shareholders.

In total, 26 cases will be examined by discussing the characteristics of the relevant parties involved, specifically plaintiffs, defendants, their lawyers, judges and also the grounds of complaint. A comparison will be made between the cases decided by following the first Company Law (1994) and the cases decided in accordance with the newly amended Company Law (2006).

The findings indicate that the amended Company Law has removed certain drawbacks in PMS present in the first Company Law (1994) but the New Company Law can protect interests of minority shareholders only to a certain extent. Further amendments are still needed.

This is one of the first studies to actually examine the implementation of PMS‐related provisions in the newly amended Company Law.