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In the context of green development in China, the circumstance in which Environmental, Social and Governance (ESG) ratings function has changed. As an important external governance mechanism of sustainable development, ESG ratings can also be a two-edged sword for the implementation of carbon emission reduction. This research examines the connection of ESG ratings and corporate carbon emission reduction in the context of green development. This present study postulates that the impact of ESG ratings on carbon emission reduction performance in the context of green development is inverted U-shaped.

To obtain empirical evidence for the hypotheses proposed, this study makes an empirical test based on the two-way fixed effects model. The data is taken from listed Chinese manufacturing firms between 2012 and 2021.

The study reveals that there is a significant inverted U-shape relationship between ESG ratings and carbon emission reduction performance in the context of green development. Managerial myopic behaviour plays a positive moderating role in the above relationship. In addition, it makes the inflection point of inverted U-shaped curve move to left. Heterogeneity analyses show that the above inverted U-shaped relationship is more significant for firms that don’t hire CEO with environmental protection background or big four accounting firms.

In the background of green development, this study helps to understand dual influence of ESG ratings on corporate carbon emission reduction deeply. It is beneficial to guide enterprises to utilize ESG ratings mechanism reasonably, thus enhancing the effectiveness of carbon emission reduction. This study provides decision-making reference for government to accelerate low-carbon transformation in microcosmic field.

The flow state of wet steam will affect the thermodynamic and aerodynamic characteristics of steam turbine. The purpose of this study is to effectively control the wetness losses caused by wet steam condensation, and hence a cascade of 600 MW steam turbine was taken as the research object.

The influence of blade surface roughness on the condensation characteristics was analyzed, and the dehumidification mechanism and wetness control effect were obtained.

With the increase of blade surface roughness, the peak nucleation rate decreases gradually. According to the Mach number distribution on the blade surface, there is a sensitive region for the influence of roughness on the aerodynamic performance of cascade. The sensitive region of nucleation rate roughness should be between 50 and 150 µm.

The increase of blade surface roughness will increase the dynamic loss in cascade, but it can reduce the thermodynamic loss caused by condensation to a certain extent.

The purpose of this paper is to study the condensation flow of wet steam in the last stage of a steam turbine and to obtain the distribution of condensation parameters such as nucleation rate, Mach number and wetness.

Because of the sensitivity of the condensation parameter distribution, a double fluid numerical model and a realizable k-ε-k_d turbulence model were applied in this study, and the numerical solution for the non-equilibrium condensation flow is provided.

The simulation results are consistent with the experimental results of the Bakhtar test. The calculation results indicate that the degree of departure from saturation has a significant impact on the wet steam transonic condensation flow. When the inlet steam deviates from the saturation state, shock wave interference and vortex mixing also have a great influence on the distribution of water droplets.

The research results can provide reference for steam turbine wetness losses evaluation and flow passage structure optimization design.

The purpose of this study is to improved the efficiency of condensing steam turbines by legitimately reforming the flow structure. It is of great significance to study the condensation flow characteristics of wet steam for optimizing the operation of condensing steam turbines.

A two-fluid model was used to study the wet steam flow in a stator cascade. The effects of the inlet temperature and pressure drop on the cascade performance were analyzed. On this basis, endwall protrusion models were set up at varied axial position on the pressure surface to evaluate the wetness control and loss under different design conditions for cascade optimization.

The analysis indicates that increasing the inlet temperature or decreasing the pressure drop can effectively control the steam wetness but increase the droplet radius. The increasing inlet temperature can delay the condensation and alleviate the deterioration of the aerodynamic performance of cascades. The non-axisymmetric endwall can significantly affect the distribution of steam parameters below its height and slightly reduce the droplet radius. Compared with the original stator cascade, the optimum design conditions reduce the steam wetness by 8.07 per cent and the total pressure loss by 6.91 per cent below a 20 per cent blade height.

These research results can serve as a reference for condensing steam turbine wetness losses evaluation and flow passage optimization design.

The purpose of this study is to explore how nationalistic appeals may affect consumers’ perception and purchasing of targeted brands. Qualitative historical data from old China (1900–1949) reveal that social movement groups can adopt nationalistic appeals assisted by meaning framing – defined as a creative interpretation of symbols, designs, behaviors, social events and cultural identities to serve social and political goals – to shape consumers’ attitudes toward foreign brands. After examining the mechanisms and processes underlying consumer boycotts from 1900 to 1949, the responsive strategies of affected foreign companies are illustrated.

Critical historical research method is applied to historical data and historical “traces” from China’s corporate documents, memoirs, posters, advertisements, newspapers and secondhand sources documenting Chinese boycotts from 1900 to 1949.

Consumers may pursue interests beyond economic interests. Nationalistic appeals can mobilize consumer boycotts against foreign brands that were perceived to support or relate to targeted countries. Political framing of certain events shapes consumers’ perceptions and concomitant brand choices.

Although differences between historical and current contexts may require tailoring past marketing strategies to current conditions, past strategies can inform current and future strategies.

Strategies adopted by foreign companies in old China (1900–1949) can help contemporary companies design effective marketing strategies for a hostile marketplace infused with nationalistic appeals and competing interests.

Although local companies can adopt economic or political nationalism to realize their economic goals, it represents a double-edged sword that can harm national brands.

A historical analysis of nationalistic business appeals in pre-1949 China can inform the counterstrategies modern companies adopt to overcome consumer boycotts.

The purpose of this paper is to synthesize a polyacrylate-based dispersant with a determined target molecular weight for oily systems and to determine the optimal dispersant level and monomer ratio of the dispersant.

The dispersant was synthesized by conventional radical polymerization using methacrylic acid, butyl acrylate and dimethylamino ethyl methacrylate as the monomer. It was characterized by Fourier transform infrared spectroscopy, nuclear magnetic hydrogen spectroscopy, gel permeation chromatography and thermogravimetric analysis. The dispersant was used to disperse TiO₂, and the performance of the dispersant was evaluated by measuring the viscosity, particle size and dispersive force of the slurry.

The dispersant exhibited high thermal stability and was successfully anchored to the surface of the TiO₂ pigment. When used to disperse a TiO₂ slurry, it effectively made the TiO₂ slurry more fluid, indicating its strong viscosity-reducing properties. The viscosity, particle sizes and dispersion capabilities of the TiO₂ slurry were found to vary depending on the contents and monomer ratios of the dispersant.

P(MAA-BA-DM) dispersant increases the wettability of TiO₂ only in oily solvents but not in aqueous solvents.

P(MAA-BA-DM) dispersant makes it easier to disperse TiO₂ pigments in oily solvents, increasing the amount of pigment in the solvent and making the preparation of highly pigmented pastes easier.

A dispersant containing suitable carboxyl and tertiary amine groups was initially synthesized to disperse TiO₂ in an oily system. The findings are anticipated to be used in the formulation of pigment concentrates, industrial coatings and other solvent-based coatings.

The purpose of this paper is to investigate the relationship between corporate governance and earnings opacity in China.

Two corporate governance mechanisms form the basis of the analysis: 1) the board of directors and 2) the external audit function. OLS regression analysis is employed on a large sample from 2000 to 2014 with 20,235 firm-year observations.

Corporate governance is found to be associated with reduced levels of earnings opacity for Chinese listed companies. Furthermore, the association between corporate governance and reduced levels of earnings opacity strengthened after the implementation of various key reforms.

Chinese regulators are advised to proceed with caution as not all Western approaches to corporate governance are transferrable to the Chinese setting.

This study contributes to the literature by analyzing broad latent constructs of corporate governance in addition to individual observable dimensions in order to reveal that various key reforms have been successful in strengthening the link between governance and reporting quality for Chinese listed companies.

This study aimed to review various existing methods for improving the quality of recycled concrete aggregates (RCAs) as a possible substitution for natural aggregates (NAs) in concrete. It is vital as the old paste attached to the RCA weakens its structure. It is due to the porous structure of the RCA with cracks, weakening the interfacial transition zone (ITZ) between the RCA and binding material, negatively impacting the concrete's properties. To this end, various methods for reinforcement of the RCA, cleaning the RCA's old paste and enhancing the quality of the RCA-based concrete without RCA modification are studied in terms of environmental effects, cost and technical matters. Furthermore, this research sought to identify gaps in knowledge and future research directions.

The review of the relevant journal papers revealed that various methods exist for improving the properties of RCAs and RCA-based concrete. A decision matrix was developed and implemented for ranking these techniques based on environmental, economic and technical criteria.

The identified methods for reinforcement of the RCA include accelerated carbonation, bio deposition, soaking in polymer emulsions, soaking in waterproofing admixture, soaking in sodium silicate, soaking in nanoparticles and coating with geopolymer slurry. Moreover, cleaning the RCA's old paste is possible using acid, water, heating, thermal and mechanical treatment, thermo-mechanical and electro-dynamic treatment. Added to these treatment techniques, using RCA in saturated surface dry (SSD) mixing approaches and adding fibres or pozzolana enhance the quality of the RCA-based concrete without RCA modification. The study ranked these techniques based on environmental, economic and technical criteria. Ultimately, adding fibres, pozzolana and coating RCA with geopolymer slurry were introduced as the best techniques based on the nominated criteria.

The study supported the need for better knowledge regarding the existing treatment techniques for RCA improvement. The outcomes of this research offer an understanding of each RCA enrichment technique's importance in environmental, economic and technical criteria.

The practicality of the RCA treatment techniques is based on economic, environmental and technical specifications for rating the existing treatment techniques.

This study aims to explore the audit quality supplied by the Big 4, large indigenous Chinese (LIC) and five largest second-tier international network (Tier 2) audit firms in China during the second phase of their audit market development.

Ordinary least squares regression is used on an archival sample of firm-year observations. Endogeneity and self-selection bias are addressed by creating a propensity score matched sample and using two-stage regression with the inverse Mills’ ratio.

Strong evidence is found for higher levels of actual audit quality for the Big 4 relative to both LIC and Tier 2 audit firms. Weak evidence is found regarding the audit quality superiority of Tier 2 relative to LIC audit firms. Furthermore, the actual audit quality differential between the Big 4 relative to the LIC and Tier 2 firms widens after adopting International Financial Reporting Standards, which is contrary to the intention of Chinese regulators.

To the best of the authors’ knowledge, this is the first known empirical study to trisect Big N and non-Big N audit firm proxies into the Big 4, LIC and Tier 2. Currently, only qualitative studies have fully appreciated the unique regulatory roles of these three firm structures in developing China’s audit market, which reflect tensions between reliance on foreign expertise and self-determination. In addition, this study adds to the ongoing global dialogue on Tier 2 as an alternative to the Big 4 and the benefits of international accounting network membership.