This paper reports an investigation on Chinese companies＇ perception on overseas public listing. The investigation is mainly based on a questionnaire survey. The result shows that Chinese companies overwhelmingly acc...This paper reports an investigation on Chinese companies＇ perception on overseas public listing. The investigation is mainly based on a questionnaire survey. The result shows that Chinese companies overwhelmingly accept overseas listing as a preferred option, which may shed some light on other Chinese companies in their evaluation on seeking overseas public listing as a strategic option to the overseas exchanges in their efforts of wooing the Chinese market.展开更多
Corporate governance represents institutional structures and incentive mechanisms that are implemented in order to mitigate the principal-agent problem and to thus promote the long-term competitiveness of the firm. Th...Corporate governance represents institutional structures and incentive mechanisms that are implemented in order to mitigate the principal-agent problem and to thus promote the long-term competitiveness of the firm. The purpose of this paper is to examine the nature of corporate governance best practice and the new listing rules in Sri Lanka. The paper discusses the evolution of the corporate governance best practice giving special reference to the new listing rules in Sri Lanka, Sri Lankan stock market overview and the importance of best practice governance for the developing economy of Sri Lanka. Corporate governance practices in Sri Lanka has made a progress towards best practice, but, this paper argues, that substantial reforms need to be implemented to effectively promote and sustain the accountability and transparency.展开更多
Based on the time series data and the actual situation of 1995 ~ 2017, this paper makes an empirical analysis of the external factors of the company’s listed psychology in China. The model which affects the psycholog...Based on the time series data and the actual situation of 1995 ~ 2017, this paper makes an empirical analysis of the external factors of the company’s listed psychology in China. The model which affects the psychological change factors of listed enterprises is obtained, and the test and adjustment are carried out, and some suggestions are put forward for the problems existing in the listing environment of our country.展开更多
China Longyuan Power was listed on the main board of Hong Kong Stock Exchange in 2009.The successful listing proved the correctness and timeliness of China Guodian's strategy of "leading enterprises to transf...China Longyuan Power was listed on the main board of Hong Kong Stock Exchange in 2009.The successful listing proved the correctness and timeliness of China Guodian's strategy of "leading enterprises to transformation by exploring new energy resources energetically."展开更多
With the rapid development and application of emerging information technologies such as cloud computing,big data,artificial intelligence,5G,satellite communication,and blockchain in urban rail transit,China’s urban r...With the rapid development and application of emerging information technologies such as cloud computing,big data,artificial intelligence,5G,satellite communication,and blockchain in urban rail transit,China’s urban rail transit has entered an era of intelligent transformation and upgrading.The development of intelligent systems and the construction of smart urban rail transit have formed a consensus in the industry.The electromechanical system is an important component of urban rail transit engineering,covering power supply stations,vehicles,stations,and lines.The depot and control center are important support for promoting the development of urban rail transit towards informatization and intelligence.However,research on the technical standards for the smart urban rail vehicle-ground integrated electromechanical system has just begun,and a technical standards system has not yet been formed,which cannot better support the electromechanical system.Therefore,it is necessary to conduct research on the technical standards system,propose the common criteria structure and standards list of the standards system,which can provide reference and guidance for the planning and establishment of China’s smart urban rail standards system.展开更多
In this paper, we investigate if dividend policy is influenced by ownership type.Within the dividend literature, dividends have a signaling role regarding agency costs, such that dividends may diminish insider conflic...In this paper, we investigate if dividend policy is influenced by ownership type.Within the dividend literature, dividends have a signaling role regarding agency costs, such that dividends may diminish insider conflicts(reduce free cash flow) or may be used to extract cash from firms(tunneling effect)- which could be predominant in emerging markets. We expect firms with foreign ownership and those that are listed in overseas markets to have different dividend policies and practices than those that are not, and firms with more state ownership and less individual ownership to be more likely to pay cash dividends and less likely to pay stock dividends. Using firms from an emerging economy(China), we examine whether these effects exist in corporate dividend policy and practice. We find that both foreign ownership and cross-listing have significant negative effects on cash dividends, consistent with the signaling effect and the notion of reduced tunneling activities for firms with the ability to raise capital from outside of China. Consistent with the tunneling effect, we find that firms with higher state ownership tend to pay higher cash dividends and lower stock dividends, while the opposite is true for public(individual) ownership.Further analysis shows that foreign ownership mediates the effect of state ownership on dividend policy. Our results have significant implications for researchers, investors, policy makers and regulators in emerging markets.展开更多
Theoretical Studies in Literature and Art (ISSN 0257-0254) is a most highly-recognized peer-reviewed journal in China,and has been listed in Scopus and Ebsco.TSLA,launched in 1980 bimonthly,publishes original articles...Theoretical Studies in Literature and Art (ISSN 0257-0254) is a most highly-recognized peer-reviewed journal in China,and has been listed in Scopus and Ebsco.TSLA,launched in 1980 bimonthly,publishes original articles in Chinese or English in arts and humanities,especially literary studies.展开更多
Correction to:Opto-Electronic Advances https://doi.org/10.29026/oea.2023.220154 published online 26 April 2023 After the publication of this article1,it was brought to our attention that calculations of the PeLEC devi...Correction to:Opto-Electronic Advances https://doi.org/10.29026/oea.2023.220154 published online 26 April 2023 After the publication of this article1,it was brought to our attention that calculations of the PeLEC device elec-troluminescent(EL)efficiency contained a mistake,leading to an inaccurate quantity value.The device’s maxim-um EL efficiency constitutes not‘~120 klm/W’but‘4.3 lm/W’instead.Correction details are listed below.展开更多
Strongyloides(S.)stercoralis,endemic in tropical and subtropical countries,is a soil-transmitted geohelminth human parasite belonging to a group of nematodes called roundworms.S.stercoralis is one of the most overlook...Strongyloides(S.)stercoralis,endemic in tropical and subtropical countries,is a soil-transmitted geohelminth human parasite belonging to a group of nematodes called roundworms.S.stercoralis is one of the most overlooked parasitic infections enlisted among the WHO"neglected tropical diseases"[1].S.stercoralis mainly infects humans but can also be found naturally in domestic dogs,cats,and some primates.展开更多
The Stockholm Convention on Persistent Organic Pollutants(POPs)is a legally binding instrument for 186 Parties(status:April 2023).Accordingly,among other responsibilities,countries are obliged to report the production...The Stockholm Convention on Persistent Organic Pollutants(POPs)is a legally binding instrument for 186 Parties(status:April 2023).Accordingly,among other responsibilities,countries are obliged to report the production,import,or export of the POPs listed in Annexes A,B,or C;provide information to registers;maintain inventories;and monitor the presence of POPs in the environment.In the broader context of international chemicals and waste management,producer responsibilities,harmonized reporting,and compliance with national and international regulations,Ecuador has addressed the newly listed group of perfluorinated alkyl substances(PFAS)in its national implementation plan and sent selected products from its national market for PFAS analysis.The products analyzed came from the initially listed fields of specific exemptions and acceptable purposes,including:fire-fighting foams;photographic aids;greasers/degreasers;various kinds of paper/packaging;textiles;and leather,coatings,cleaners,metal plating,and pesticides.Our results showed that the three PFAS presently listed in the Stockholm Convention could be quantified in only a few samples;additional PFAS,not yet listed in the Convention also had low detection frequencies.Although the number of samples was limited,the samples covered a large spectrum of sample matrices,making it possible to conclude that—once these products become waste and are regulated under the Basel Convention—they would not constitute a disposal problem.Nevertheless,verification of the presence of PFAS in products on the market is expected to pose an analytical challenge for both,developed and developing countries.展开更多
After publication of this article1,it was brought to our at-tention that the mathematical expressions‘‰’were mis-takenly replaced by‘%’for salinities.Details are listed below.1.In the last sentence in abstract,“...After publication of this article1,it was brought to our at-tention that the mathematical expressions‘‰’were mis-takenly replaced by‘%’for salinities.Details are listed below.1.In the last sentence in abstract,“approximately 0.1℃and 0.5%”should be“approximately 0.1℃and 0.5‰”.展开更多
Belief propagation list(BPL) decoding for polar codes has attracted more attention due to its inherent parallel nature. However, a large gap still exists with CRC-aided SCL(CA-SCL) decoding.In this work, an improved s...Belief propagation list(BPL) decoding for polar codes has attracted more attention due to its inherent parallel nature. However, a large gap still exists with CRC-aided SCL(CA-SCL) decoding.In this work, an improved segmented belief propagation list decoding based on bit flipping(SBPL-BF) is proposed. On the one hand, the proposed algorithm makes use of the cooperative characteristic in BPL decoding such that the codeword is decoded in different BP decoders. Based on this characteristic, the unreliable bits for flipping could be split into multiple subblocks and could be flipped in different decoders simultaneously. On the other hand, a more flexible and effective processing strategy for the priori information of the unfrozen bits that do not need to be flipped is designed to improve the decoding convergence. In addition, this is the first proposal in BPL decoding which jointly optimizes the bit flipping of the information bits and the code bits. In particular, for bit flipping of the code bits, a H-matrix aided bit-flipping algorithm is designed to enhance the accuracy in identifying erroneous code bits. The simulation results show that the proposed algorithm significantly improves the errorcorrection performance of BPL decoding for medium and long codes. It is more than 0.25 d B better than the state-of-the-art BPL decoding at a block error rate(BLER) of 10^(-5), and outperforms CA-SCL decoding in the low signal-to-noise(SNR) region for(1024, 0.5)polar codes.展开更多
Data on discrete,isolated attributes of the marine economy are often used in traditional marine economic research.However,as the focus of urban research shifts from internal static attributes to external dynamic linka...Data on discrete,isolated attributes of the marine economy are often used in traditional marine economic research.However,as the focus of urban research shifts from internal static attributes to external dynamic linkages,the importance of marine economic net-work research is beginning to emerge.The construction of the marine economic network in China’s coastal areas is necessary to change the flow of land and sea resources and optimize regional marine economic development.Employing data from headquarters and branches of sea-related A-share listed enterprises to construct the marine economic network in China,we use social network analysis(SNA)to discuss the characteristics of its evolution as of 2010,2015,and 2020 and its governance.The following results were obtained.1)In terms of topological characteristics,the scale of the marine economic network in China’s coastal areas has accelerated and expan-ded,and the connections have become increasingly close;thus,this development has complex network characteristics.2)In terms of spatial structure,the intensity of the connection fluctuates and does not form stable development support;the group structure gradually becomes clear,but the overall pattern is fragmented;there are spatial differences in marine economic agglomeration radiation;the radi-ation effect of the eastern marine economic circle is obvious;and the polarization effect of northern and southern marine economic circles is significant.On this basis,we construct a framework for the governance of a marine economic network with the market,the government,and industry as the three governing bodies.By clarifying the driving factors and building objectives of marine economic network construction,this study aims to foster the high-quality development of China’s marine economy.展开更多
Deploying renewables for electricity generation is essential to meeting the world's climate action targets. By 2030, renewable power is expected to surpass 10 terawatts globally, nearly quadrupling the current cap...Deploying renewables for electricity generation is essential to meeting the world's climate action targets. By 2030, renewable power is expected to surpass 10 terawatts globally, nearly quadrupling the current capacity.This projection also brings the current limitations of the existing infrastructure into sharp focus. In coming decades, grid networks need to be more robust and flexible. Modernizing the current infrastructure and expanding the transmission systems are therefore on government priority lists to enable their clean energy transition efforts.展开更多
文摘This paper reports an investigation on Chinese companies＇ perception on overseas public listing. The investigation is mainly based on a questionnaire survey. The result shows that Chinese companies overwhelmingly accept overseas listing as a preferred option, which may shed some light on other Chinese companies in their evaluation on seeking overseas public listing as a strategic option to the overseas exchanges in their efforts of wooing the Chinese market.
文摘Corporate governance represents institutional structures and incentive mechanisms that are implemented in order to mitigate the principal-agent problem and to thus promote the long-term competitiveness of the firm. The purpose of this paper is to examine the nature of corporate governance best practice and the new listing rules in Sri Lanka. The paper discusses the evolution of the corporate governance best practice giving special reference to the new listing rules in Sri Lanka, Sri Lankan stock market overview and the importance of best practice governance for the developing economy of Sri Lanka. Corporate governance practices in Sri Lanka has made a progress towards best practice, but, this paper argues, that substantial reforms need to be implemented to effectively promote and sustain the accountability and transparency.
文摘Based on the time series data and the actual situation of 1995 ~ 2017, this paper makes an empirical analysis of the external factors of the company’s listed psychology in China. The model which affects the psychological change factors of listed enterprises is obtained, and the test and adjustment are carried out, and some suggestions are put forward for the problems existing in the listing environment of our country.
文摘China Longyuan Power was listed on the main board of Hong Kong Stock Exchange in 2009.The successful listing proved the correctness and timeliness of China Guodian's strategy of "leading enterprises to transformation by exploring new energy resources energetically."
文摘With the rapid development and application of emerging information technologies such as cloud computing,big data,artificial intelligence,5G,satellite communication,and blockchain in urban rail transit,China’s urban rail transit has entered an era of intelligent transformation and upgrading.The development of intelligent systems and the construction of smart urban rail transit have formed a consensus in the industry.The electromechanical system is an important component of urban rail transit engineering,covering power supply stations,vehicles,stations,and lines.The depot and control center are important support for promoting the development of urban rail transit towards informatization and intelligence.However,research on the technical standards for the smart urban rail vehicle-ground integrated electromechanical system has just begun,and a technical standards system has not yet been formed,which cannot better support the electromechanical system.Therefore,it is necessary to conduct research on the technical standards system,propose the common criteria structure and standards list of the standards system,which can provide reference and guidance for the planning and establishment of China’s smart urban rail standards system.
文摘In this paper, we investigate if dividend policy is influenced by ownership type.Within the dividend literature, dividends have a signaling role regarding agency costs, such that dividends may diminish insider conflicts(reduce free cash flow) or may be used to extract cash from firms(tunneling effect)- which could be predominant in emerging markets. We expect firms with foreign ownership and those that are listed in overseas markets to have different dividend policies and practices than those that are not, and firms with more state ownership and less individual ownership to be more likely to pay cash dividends and less likely to pay stock dividends. Using firms from an emerging economy(China), we examine whether these effects exist in corporate dividend policy and practice. We find that both foreign ownership and cross-listing have significant negative effects on cash dividends, consistent with the signaling effect and the notion of reduced tunneling activities for firms with the ability to raise capital from outside of China. Consistent with the tunneling effect, we find that firms with higher state ownership tend to pay higher cash dividends and lower stock dividends, while the opposite is true for public(individual) ownership.Further analysis shows that foreign ownership mediates the effect of state ownership on dividend policy. Our results have significant implications for researchers, investors, policy makers and regulators in emerging markets.
文摘Theoretical Studies in Literature and Art (ISSN 0257-0254) is a most highly-recognized peer-reviewed journal in China,and has been listed in Scopus and Ebsco.TSLA,launched in 1980 bimonthly,publishes original articles in Chinese or English in arts and humanities,especially literary studies.
文摘Correction to:Opto-Electronic Advances https://doi.org/10.29026/oea.2023.220154 published online 26 April 2023 After the publication of this article1,it was brought to our attention that calculations of the PeLEC device elec-troluminescent(EL)efficiency contained a mistake,leading to an inaccurate quantity value.The device’s maxim-um EL efficiency constitutes not‘~120 klm/W’but‘4.3 lm/W’instead.Correction details are listed below.
文摘Strongyloides(S.)stercoralis,endemic in tropical and subtropical countries,is a soil-transmitted geohelminth human parasite belonging to a group of nematodes called roundworms.S.stercoralis is one of the most overlooked parasitic infections enlisted among the WHO"neglected tropical diseases"[1].S.stercoralis mainly infects humans but can also be found naturally in domestic dogs,cats,and some primates.
基金supported by the Government of Ecuador through the Ministry of Environment,Water and Ecological Transition(MAATE)within the National Program for the Environmental Sound Management and Life Cycle Management of Chemical Substances(PNGQ)with contract of Alternativa Visionambiental Cia.Ltda.,Quito,toÖrebro University and prepared within the Project“Diagnóstico sobre el uso,presencia en productos,posible sustitución de COP industriales y elaboración del inventario y plan de acción de nuevas sustancias COP,conénfasis en el sector industrial ecuatoriano”funded by the United Nations Development Programme(UNDP)with funds from the Global Environment Facility(PNUD-ECU-SdP-ADQ-20-103165).
文摘The Stockholm Convention on Persistent Organic Pollutants(POPs)is a legally binding instrument for 186 Parties(status:April 2023).Accordingly,among other responsibilities,countries are obliged to report the production,import,or export of the POPs listed in Annexes A,B,or C;provide information to registers;maintain inventories;and monitor the presence of POPs in the environment.In the broader context of international chemicals and waste management,producer responsibilities,harmonized reporting,and compliance with national and international regulations,Ecuador has addressed the newly listed group of perfluorinated alkyl substances(PFAS)in its national implementation plan and sent selected products from its national market for PFAS analysis.The products analyzed came from the initially listed fields of specific exemptions and acceptable purposes,including:fire-fighting foams;photographic aids;greasers/degreasers;various kinds of paper/packaging;textiles;and leather,coatings,cleaners,metal plating,and pesticides.Our results showed that the three PFAS presently listed in the Stockholm Convention could be quantified in only a few samples;additional PFAS,not yet listed in the Convention also had low detection frequencies.Although the number of samples was limited,the samples covered a large spectrum of sample matrices,making it possible to conclude that—once these products become waste and are regulated under the Basel Convention—they would not constitute a disposal problem.Nevertheless,verification of the presence of PFAS in products on the market is expected to pose an analytical challenge for both,developed and developing countries.
文摘After publication of this article1,it was brought to our at-tention that the mathematical expressions‘‰’were mis-takenly replaced by‘%’for salinities.Details are listed below.1.In the last sentence in abstract,“approximately 0.1℃and 0.5%”should be“approximately 0.1℃and 0.5‰”.
基金funded by the Key Project of NSFC-Guangdong Province Joint Program(Grant No.U2001204)the National Natural Science Foundation of China(Grant Nos.61873290 and 61972431)+1 种基金the Science and Technology Program of Guangzhou,China(Grant No.202002030470)the Funding Project of Featured Major of Guangzhou Xinhua University(2021TZ002).
文摘Belief propagation list(BPL) decoding for polar codes has attracted more attention due to its inherent parallel nature. However, a large gap still exists with CRC-aided SCL(CA-SCL) decoding.In this work, an improved segmented belief propagation list decoding based on bit flipping(SBPL-BF) is proposed. On the one hand, the proposed algorithm makes use of the cooperative characteristic in BPL decoding such that the codeword is decoded in different BP decoders. Based on this characteristic, the unreliable bits for flipping could be split into multiple subblocks and could be flipped in different decoders simultaneously. On the other hand, a more flexible and effective processing strategy for the priori information of the unfrozen bits that do not need to be flipped is designed to improve the decoding convergence. In addition, this is the first proposal in BPL decoding which jointly optimizes the bit flipping of the information bits and the code bits. In particular, for bit flipping of the code bits, a H-matrix aided bit-flipping algorithm is designed to enhance the accuracy in identifying erroneous code bits. The simulation results show that the proposed algorithm significantly improves the errorcorrection performance of BPL decoding for medium and long codes. It is more than 0.25 d B better than the state-of-the-art BPL decoding at a block error rate(BLER) of 10^(-5), and outperforms CA-SCL decoding in the low signal-to-noise(SNR) region for(1024, 0.5)polar codes.
基金Under the auspices of the Key Research Base of Humanities and Social Sciences of the Ministry of Education of China(No.22JJD790029)。
文摘Data on discrete,isolated attributes of the marine economy are often used in traditional marine economic research.However,as the focus of urban research shifts from internal static attributes to external dynamic linkages,the importance of marine economic net-work research is beginning to emerge.The construction of the marine economic network in China’s coastal areas is necessary to change the flow of land and sea resources and optimize regional marine economic development.Employing data from headquarters and branches of sea-related A-share listed enterprises to construct the marine economic network in China,we use social network analysis(SNA)to discuss the characteristics of its evolution as of 2010,2015,and 2020 and its governance.The following results were obtained.1)In terms of topological characteristics,the scale of the marine economic network in China’s coastal areas has accelerated and expan-ded,and the connections have become increasingly close;thus,this development has complex network characteristics.2)In terms of spatial structure,the intensity of the connection fluctuates and does not form stable development support;the group structure gradually becomes clear,but the overall pattern is fragmented;there are spatial differences in marine economic agglomeration radiation;the radi-ation effect of the eastern marine economic circle is obvious;and the polarization effect of northern and southern marine economic circles is significant.On this basis,we construct a framework for the governance of a marine economic network with the market,the government,and industry as the three governing bodies.By clarifying the driving factors and building objectives of marine economic network construction,this study aims to foster the high-quality development of China’s marine economy.
文摘Deploying renewables for electricity generation is essential to meeting the world's climate action targets. By 2030, renewable power is expected to surpass 10 terawatts globally, nearly quadrupling the current capacity.This projection also brings the current limitations of the existing infrastructure into sharp focus. In coming decades, grid networks need to be more robust and flexible. Modernizing the current infrastructure and expanding the transmission systems are therefore on government priority lists to enable their clean energy transition efforts.
