Recycled glass can be ground into different particle sizes to partially replace cement or aggregates, which is important for developing sustainable concrete production. In this study, a total of 16 mixes containing powder (GP), silica fume (SF) and sand (GS) were designed investigate the fresh harden material properties at ambient temperature, heat transfer mechanism temperature development, mass loss, apparent change surface texture as well residual compressive strength elastic modulus...

ABSTRACTWe examine the impact of digital transformation on a firm's ESG performance using data from listed firms in China. Leveraging recent advances textual analysis, we quantify extent transformation. The results show that enhances performance. Moreover, remain robust after addressing endogeneity problems and several robustness tests. In addition, validate potential mechanisms mainly improves by improving level environmental performance, corporate social responsibility, governance. To...

Based on cognitive theory, we investigated the influence of executives’ ESG cognition corporate green innovation using data from Chinese manufacturing listed companies 2010 to 2019. The paper first constructs a metric company executives by presenting quantitative analysis their personal microblogs textual analysis. findings show that executive perceptions significantly improve innovation. After addressing endogeneity issue through series robustness tests, this still held true. Further...

This paper examines the innovation in companies within business groups. Compared with stand-alone companies, groups invest more activities. Further analysis shows that are supported by stronger cash flow from their parent and under competition pressure peer firms The effect is pronounced high-tech industry competitive regions. results consistent various endogenous robustness tests.

We explore unethical behaviours involving original sin during the privatized process and their influence on corporate donations in China. find that enterprises are more actively deeply engaging when they guilty of being involved certain types misconduct privatization process, including downward earnings management, insider trading, tunnelling, this phenomenon has particularly significance regions with lower levels non-state economic development.

Purpose: The purpose of this article is to study whether there exists natural relationship between fair value and corporate external market. A series special phenomenon in the application arouses our research interests, which present evidences on how competition affects correlation information. Design/methodology/approach: thesis chooses changes gains losses calculate ratio DFVPSit as alternative variable value. In order effectively inspect mutual influence degree industry relevance value,...

Blockchain technology plays a significant role in new infrastructure and has influence on artificial intelligence, big data, 5 G, its application been extended to the Internet of Things, digital asset transactions, finance, so on. In financial systems, it could improve efficiency data processing, reduce errors, detect fraud. However, blockchain adoption increase stock price induce manipulation opportunisms. Managers also use this advantage mask their performance corporate default risk. Using...

This paper examines the relationship between enterprise annuity and innovation. research assesses innovation using metric of patent applications discovers a significant decline in after establishing an system. effect is profoundly pronounced high-tech corporations. Our findings suggest that funding obligations for system potentially divert resources from development (R&D), consequently leading to diminished Furthermore, we also find negatively affects number invention non-invention...

Blockchain technology is an important part of the infrastructure digital economy. We investigate relationship between blockchain information disclosure and trade credit. Using Python to extract from MD&A, results show that significantly increases enterprise's This effect stronger for enterprises with weak bargaining power those located in areas high social trust. The mechanism improved corporate governance reduced asymmetry, which reduce default risk. are consistent when we consider...

We investigate the impact of enterprise digital transformation on bond credit spread based Chinese A-share listed companies. The empirical results show that has a significant reducing and negative relation is robust to number robustness checks. Subgroup analyses suggest reduction effect more pronounced in state-owned enterprises, non-duality firms, firms with higher proportion independent directors, located high-marketization areas or eastern regions. Increasing total factor productivity,...

This paper investigations the impact of customers' innovation information discovery in management discussion and analysis (MD&A) on suppliers. We find that more disclosed MD&A, higher level supplier, similarity between supplier's patent customer's patent. Further shows when degree asymmetry suppliers customers is higher, important to suppliers, are dependent customers, forward-looking information, role customer supplier investment obvious. The economic sequences test finds significantly...

We take China’s anti-corruption campaign as an exogenous shock to test the auditor risk response under political uncertainty. Using multiple DID approach, we use 16207 hand-collected observations from 2207 firms Central Commission for Discipline Inspection (CCDI) showing that audit fee increases after CCDI visits firms. The effect is more pronounced in SOE; audited by non-big four accounting firms; cycling industries and change auditors. Furthermore, explore regions where provincial...