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This paper aims to investigate the economic consequence of the tax reductive strategy on stock price. The authors’ theory, empirically reinforced, suggests managerial tax aggressiveness endangers the corporation through a heightened risk in stock price crashing. Information opacity worsens the situation by reinforcing the relationship. Policymakers should emphasize two aspects: market openness and tighter institutional monitoring. The evidence shown in this paper demonstrates that these two weaken the tax aggressiveness impact on risk of a crashing stock price.

The sample in this paper consists of 9,702 observations from listed firms from 2008 to 2013 in China. The tax rate is manually collected and all the other original data used in this study are sourced from Wind and China Capital Market and Accounting Research databases. Both logistic regression and ordinary least squares regression methods are used to test the hypothesis in this paper.

One key insight is in tax aggressiveness to be strongly correlated with a greater risk of future stock price crashing. The authors also found information opacity to exert a positive moderating effect. That is, the higher the information opacity, the stronger and more positive the correlation between tax aggression and stock price crash risk. However, the market process and an institutional investor have opposite, negative impacts. An open market environment reduces their correlativeness. Similarly, stronger institutional vigilance leads to an attenuation of such a co-relationship.

The findings of this paper have wide policy implications for management and control by authorities of listed corporations. Aggressiveness in management of corporate taxes accentuates the risks borne by stockholders. If so, internally within the corporation, such aggression shown by management, if not proscribed, could be subject to scrutiny, possibly by an independent committee. Externally, this may be countered by the authority in emphasizing three key factors: openness in information sharing, the market environment and tighter institutional monitoring.

This study provides a consequential theory of aggressive management of tax, rigorously analyzed and strongly, empirically supported. Overall, aggressiveness in tax management is related with assumption of higher risks in the crashing of stock price. The relationship is enhanced through information opacity, but reduced via market environment and institutional monitoring.

The compliance checking of Building Information Modeling (BIM) models is crucial throughout the lifecycle of construction. The increasing amount and complexity of information carried by BIM models have made compliance checking more challenging, and manual methods are prone to errors. Therefore, this study aims to propose an integrative conceptual framework for automated compliance checking of BIM models, allowing for the identification of errors within BIM models.

This study first analyzed the typical building standards in the field of architecture and fire protection, and then the ontology of these elements is developed. Based on this, a building standard corpus is built, and deep learning models are trained to automatically label the building standard texts. The Neo4j is utilized for knowledge graph construction and storage, and a data extraction method based on the Dynamo is designed to obtain checking data files. After that, a matching algorithm is devised to express the logical rules of knowledge graph triples, resulting in automated compliance checking for BIM models.

Case validation results showed that this theoretical framework can achieve the automatic construction of domain knowledge graphs and automatic checking of BIM model compliance. Compared with traditional methods, this method has a higher degree of automation and portability.

This study introduces knowledge graphs and natural language processing technology into the field of BIM model checking and completes the automated process of constructing domain knowledge graphs and checking BIM model data. The validation of its functionality and usability through two case studies on a self-developed BIM checking platform.

Even though following the laws of nature to construct harmonious nature–human interactions has long been one of the most influential philosophies in Chinese history, nature-based solutions (NBS), an innovative concept referring to the sustainable utilization of nature in solving various social and environmental challenges facing contemporary societies, can hardly be found in research papers and practices in Chinese context until very recently. Yet, some NBS features, and also NBS thinking, have already been successfully embedded within many environmental management decisions and practices, which are commonly characterized by (1) prioritization of nature preservation/restoration to economic activities and (2) functionalization of nature as a countermeasure to environmental and/or social issues. This chapter will present a comprehensive overview of the Beijing Afforestation Scheme, an exemplar case of NBS in the Chinese context. Starting from a description of Beijing and this massive afforestation project, it delineates major characteristics of this NBS, signified by (1) a shift from outcome-driven to integrated ecological resilience, (2) a change from recreating tree rows to restoring natural boreal forest, and (3) an evolution from top-down to adaptive and inclusive governance. Lastly, lessons learnt and future challenges are discussed.

The purpose of this study is to find the multi-factor influence law of stress, strain rate and sulfate-reducing bacteria (SRB) on X70 pipeline steel in a simulated solution of sea mud and the order of influence of the three factors on X70 steel to develop a scientific basis for pipeline corrosion protection.

This paper studied the effects of stress, strain rate and SRB on the X70 pipeline steel corrosion behavior in simulated sea mud solution through orthogonal testing, electrochemical experiments and morphological observations.

The results of this study showed that stress proved to be the most relevant element for corrosion behavior, followed by SRB and strain rate. At high stresses (301 MPa and 576 MPa), stress dominated the corrosion behavior of X70 pipeline steel. However, at low stress (82 MPa), SRB played the most important role.

Subsea pipelines are in a very complex environmental regime that includes stress, strain rates and SRB, which often cause pipeline pitting and perforation. However, most scholars have only looked into the influence of single factors on metal corrosion. So, the single-factor experimental results of previous studies could hardly be applied to actual working conditions. There is an urgent need to understand the multi-factor influence law of stress, strain and SRB acting together on the pipeline corrosion behavior, especially to determine the dominant factor.

Moderately thick circular cylindrical shells are widely used as supporting structures or storage cavities in structural engineering, rock engineering, and aerospace engineering. In practical engineering, shells often work with micro-cracks or defects. The existence of micro-crack damage may result in the disturbance of dynamic behaviours and even induce accidental dynamic disasters. The free vibration frequency and mode are important parameters for the dynamic performance and damage identification analysis. In particular, stiffness weakening of the local damage region leads to significant changes in the vibration mode, which makes it difficult for the mesh generated in the conventional finite element method to capture a high-precision solution of the local oscillation.

In response to the above problems, this study developed an adaptive finite element method and a crack damage characterisation method for moderately thick circular cylindrical shells. By introducing the inverse power iteration method, error estimation, and mesh subdivision refinement technique for the analysis of finite element eigenvalue problems, an adaptive computation scheme was constructed for the free vibration problem of moderately thick circular cylindrical shells with circumferential crack damage.

Based on typical numerical examples, the established adaptive finite element solution for the free vibration of moderately thick circular cylindrical shells demonstrated its suitability for solving the high-precision free vibration frequency and mode of cylindrical shell structures. The any order frequency and mode shape of cracked cylindrical shells under the conditions of different ring wave numbers, crack locations, crack depths, and multiple cracks were successfully solved. The influences of the location, depth, and number of cracks on the disturbance of dynamic behaviours were analysed.

This study can be used as a reference for the adaptive finite element solution of free vibration of moderately thick circular cylindrical shells with cracks and lays the foundation for further development of a high-performance computation method suitable for the dynamic disturbance and damage identification analysis of general cracked structures.

This study aims to explore the role of equity investment in knowledge-driven business model innovation (BMI) in context of open modes according to the evidence from China’s primary market.

Based on the database of China’s private market and data set of news clouds, the statistic approach is applied to explore and explain whether equity investment promotes knowledge-driven BMI. Machine learning method is also used to prove and predict the performance of such open innovation.

The results of logistic regression show that explanatory variables are significant, providing evidence that knowledge management (KM) promotes BMI through equity investment. By further using back propagation neural network, the classification learning algorithm estimates the possibility of BMI, which can be regarded as a score to quantify the performance of knowledge-driven BMI

The quality of secondhand big data is not very ideal, and future empirical studies should use first-hand survey data.

This study provides new insights into the link between KM and BMI by highlighting the important roles of external investments in open modes.

From the perspective of investment, the findings of this study suggest the importance for stakeholders to share knowledge and strategies for entrepreneurs to manage innovation.

The concepts and indicators related to business models are difficult to quantify currently, while this study provides feasible and practical methods to estimate knowledge-driven BMI with secondhand data from the primary market. The mechanism of knowledge and innovation bridged by the experience from investors is introduced and analyzed.

The purpose of this paper is to introduce a new copper electroplating formula which is able to fill blind microvias (BVHs) and through holes (THs) at one process through a direct current (DC) plating method.

Test boards of printed circuit board (PCB) fragments with BVHs and THs for filling plating are designed. The filling plating is conducted in a DC plating device, and the filling processes and influence factors on filling effect of BVHs and THs are investigated. Dimple depths, surface copper thickness, thermal shock and thermal cycle test are applied to characterize filling effect and reliability. In addition, to overcome thickness, increase of copper on board surface during filling plating of BVHs and THs, a simple process called pattern plating, is put forwarded; a four-layered PCB with surface copper thickness less than 12 μm is successfully produced.

The filling plating with the new copper electroplating formula is potential to replace the conventional filling process of BVHs and THs of PCB and, most importantly, the problem of thickness increase of copper on board surface after filling process is overcome if a pattern plating process is applied.

The dimple depth of BVHs and THs after filling plating is not small enough, though it meets the requirements, and the smallest diameter and largest depth of holes studied are 75 and 200 μm, respectively. Hence, the possibility for filling holes of much more small in diameter and large in depth with the plating formula should be further studied.

The paper introduces a new copper electroplating formula which achieves BVHs and THs filling at one process through a DC plating method. It overall reduces production processes and improved reliability of products resulting in production cost saving and production efficiency improvement.

The purpose of this study is to examine the relationship between the corporate social responsibility (CSR) performance of job-hopping executives at their former and subsequent firms.

We conduct regression analyses using a sample of firms listed on the Shanghai and Shenzhen Stock Exchanges from 2010 to 2020 to examine whether CSR performance is similar from one firm to the next as executives switch jobs.

We find a positive relationship between the CSR performance of former and subsequent firms under job-hopping executives. This relationship is the strongest in the year of the job switch; it weakens in the second year and eventually disappears in the third year. In addition, we show that this relationship benefits different CSR stakeholder groups and is contingent on executive and subsequent firm attributes and job-hopping characteristics. Furthermore, we demonstrate that firms that hire a new chief executive officer from a firm with a strong track record in CSR, the new firm experiences a significant surge in CSR performance compared with firms that do not experience such a shock.

This study has implications for executive hiring decisions.

This study extends the understanding of CSR determinants through the lens of inter-organisational ties associated with job-hopping executives.

This study investigates whether corporate executives, who are university alumni, influence each other's firm corporate social responsibility (CSR) performance.

Drawing on social network theory, the authors hypothesise that a firm's CSR performance is positively associated with its peer firms' average CSR performance when the executives of the firm and its peer firms are university alumni. The study employs data from 1,685 listed firms and 4,906 executives who graduated from 585 different universities in China and runs multivariate regressions.

The results reveal a sizeable university peer influence on CSR performance. Such influence is even stronger for executives who graduated from elite universities (e.g. 985 or 211 universities), and universities or programmes that provide more opportunities for alumni reunions or networking (e.g. MBAs/EMBAs). Executives who are more influential in making firm decisions (e.g. CEOs/CFOs), as well as firms that are more likely to mimic the behaviour of others, also show higher degrees of university peer influence.

The results highlight the role of education in ethical decision-making.

This study documents evidence on a new determinant of firm CSR performance. The study sheds light on the impact of non-institutionalised personal ties, for example, university alumni networks, on CSR performance.

The authors empirically examined social capital factors affecting patients' social support acquisition with the aim of providing guidance to patients seeking social support online.

The authors used social network analysis to extract data about social capital factors from online health communities and text mining to identify forms of informational support and emotional support grounded in online, text-based communication. Moreover, the authors employed a random coefficient model to understand the dynamic influence of social capital factors on both informational and emotional support.

The results from the empirical analyses show that structural connections have a lasting impact on the acquisition of both types of support; that is, social connections developed in the past will have an effect on the future. For relational capital, strong ties were less important; the quantity of connections mattered more than the quality when acquiring informational support. The use of health-related language increased the amount of informational support acquired. Over time, patients gained increasing social support, which primarily came from the patients' historical threads, likely via searches from peers facilitated by accumulated social capital.

The authors' research adds to the literature on social capital and social support in online health communities by exploring how the three dimensions of social capital affect social support acquisition. The authors' research also contributes to the online health care literature by examining social support from a dynamic perspective. Practically, the authors' findings provide guidance for patients on what decisions to make to acquire more social support.