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Under the pressure of environment degradation and energy consumption rises, solar photovoltaic power generation (SPPG) has been seen as a strategic emerging industry in China. However, the SPPG projects have many uncertain factors in the process of the life cycle. The purpose of this paper is to evaluate the investment risk comprehensively.

Specifically, this paper firstly identified the risk factors and consequences of SPPG project investment and constructed the investment risk factor evaluation index system. Secondly, the factor analysis method was used to reveal the key investment risk factors and risk consequences. Then, the research hypotheses and conceptual model were proposed, and the empirical analysis was conducted based on the structural equation model (SEM).

The results showed that the six key risk factors (political, economic, technological, management, market and natural) have a significant impact on the risks during the whole period. The influence degree of risk factors in the operational period is such that market factor > political factor > economic factor > management factor > natural factor > technical factor. In addition, the risk of constructional period has a significant impact during the risk of operational period. Except for natural factors, all risk factors are correlated among the mutual influence relationship of risk factors. Finally, this paper puts forward management implications based on the above conclusions: effectively identify investment risk factors and comprehensively improve risk management ability; (refine the risk factors of SPPG project investment and develop targeted risk prevention and control strategies; define risk management objectives and make relevant strategic plans.

Because of the chosen research approach, the research results may lack generalisability. Therefore, researchers are encouraged to test the proposed propositions further.

It can also help stakeholders propose risk prevention strategies throughout the entire process, to promote the sustainable development of SPPG projects.

This study focuses on the investment risk of SPPG projects, by building an evaluation index system to identify key risk factors, and then establishes a SEM covering constructional period risks and operational period risks to better explore SPPG project risks, in an effort to reveal the mutual influence relationship and influence path of investment risk factors of the projects.

This paper aims to investigate the influence of social interactions on mutual fund portfolios from the perspective of alumni network in China.

Based on a data set that consists of 162 actively managed equity funds in China during the time period of 2003–2014, this study employs multiple linear regression model to control for organization- and location-based interpersonal connections as well as other confounding factors and clarify the causality relationship between alumni networks of mutual fund managers and their portfolios.

After controlling for organization- and location-based interpersonal connections, we find that mutual fund managers who graduated from the same college/university have more similar stock holdings and are more likely to buy or sell the same stocks contemporaneously. As a result, alumni managers exhibit a higher correlation of fund returns. Moreover, the effect of alumni relationship on mutual fund investments becomes weaker when more managers are connected within the network. We also find that valuable information is shared among alumni managers: (1) the average returns for the alumni common holdings portfolios is significantly higher than those for non-alumni holdings portfolios and (2) a long-short strategy composed of stocks purchased minus sold by alumni managers yields positive and significant risk-adjusted returns.

The findings suggest that information dissemination among connected fund managers could be one of the driving forces for mutual fund herding behavior, and that a portfolio of funds whose managers are educationally connected could be highly exposed to certain stocks and risks.

This paper contributes to the growing finance literature addressing the influence of personal connections on information dissemination that specifically contributes to price formation. It corresponds more closely to Cohen et al. (2008), who investigate college alumni connections between fund managers and corporate board members. Since the authors simultaneously examine three potentially overlapped social networks, which are based on education, locality and fund family, the authors are able to disentangle their effects on fund managers' investment decisions. Moreover, the findings suggest that institutional investors make investment decisions based on share private information, and therefore, it also contributes to the literature on fund herding behaviors (Grinblatt et al., 1995; Wermers, 1999).

The purpose of this paper is to analyze the reasons that plagiarism in online literature is so hard to control in China, and it will conclude with a clear solution for the future.

This paper begins its research with the statistics and analysis of plagiarism data and a review of expert interviews regarding online literature publishing. All of these data materials were collected from anti-plagiarism platforms, online literature websites, news report websites and judiciary office websites.

The paper provides empirical insights into why the plagiarism is so rampant in the publishing of online literature in China. It suggests that the current task of controlling network literature plagiarism is arguably created by the literary production platform, which leads to the problem of the validity of the “self-monitoring model.” In fact, controlling plagiarism must be emphasized by means of external monitoring, because strict supervision and various external punitive measurements for committing plagiarism can force literature-generating platforms to strengthen their own internal monitoring.

Online plagiarism occurs almost constantly, but it rarely results in court cases over copyright because of the lack of a robust copyright ecology in China. This paper considers large amounts of data and cases from self-publishing media platforms.

The paper includes implications for the development of plagiarism management in online literature publishing from the publishing Association, media and government.

This paper suggests to online literature users that plagiarism will be controlled when certain active measures against it are taken. The authors hope that this view will promote the development of original online literature.

This paper points out that China must strengthen supervision that comes from outside the online literature generate platforms to control the current rampant plagiarism that occurs on these platforms.

The purpose of this paper is to study how local government policy influences the structure of Chinese pharmaceutical clusters during their industrial catch-up.

This paper applies a case study method by targeting pharmaceutical clusters in Tonghua, Taizhou, and Tianjin.

The varied structures of pharmaceutical clusters in China demonstrate local governments' efforts to utilize local resources accordingly. While the local governments in China introduce different policies to firms with different ownership in the process of constructing different cluster composition, all the local governments emphasize motivating the development of small- and middle-sized enterprises for cluster dynamics.

The local governments should try to reach a balance between short-term foundation and long-term competitiveness for industrial cluster development.

This paper provides the detailed analysis of local governments' influences on the formation of pharmaceutical clusters in China and helps to enrich the knowledge about how local government promotes industrial clusters to realize industrial catch-up through sectoral innovation system.

The forest products processing industry is a key component of the forestry economy, and the level of companies’ operating efficiency directly affects its profitability and market competitiveness.

In order to deeply study the operation status of forest product processing industry, this paper takes the panel data of 70 listed forest product processing companies from 2015 to 2022 as the basis, and adopts BBC, CCR and DEA-Malmquist models to measure the operating efficiency of these companies. Meanwhile, the Tobit model is applied to deeply explore the impact of innovation input on operating efficiency.

The results of the paper show that: (1) the overall operating efficiency of listed forest product processing companies performs well, and the improvement of technology level promotes the growth of total factor productivity; (2) innovation input plays a significant positive role in listed forest product processing companies, which positively affects the operating efficiency.

A scientific and reasonable evaluation of the operating efficiency of listed forest product companies is of great practical significance to the development of the forestry industry The study of forest product processing industry is of key significance to the social economy.

This paper explores the improvement of production and operation efficiency of forest products processing enterprises for the purpose of in-depth analysis of the current situation of China's forest products processing enterprises, which is conducive to improving the innovation and operation efficiency of China's forest products processing enterprises, and realizing the high-quality development of China's forest products processing industry.

Four‐quadrant AC‐DC converters are one kind of the most common and popular AC‐DC converters, which are serious EMI sources. The purpose of this paper is to propose a novel control for four‐quadrant AC‐DC converters to suppress the generated electromagnetic interference (EMI).

A chaotic carrier plays an important role to implement the chaotic PWM control. The relationship between the EMI distribution and carrier frequency is given by deducing and analyzing the harmonic components of the AC‐DC converter. The comparison of chaotic PWM control and random PWM control in suppressing EMI are provided.

The simulation results prove the effectiveness of the proposed chaotic PWM control on EMI reduction.

The effects of EMI suppression under different chaotic carriers will be theoretically analyzed in the future work.

The proposed chaotic PWM control can suppress EMI for converters without adding additional devices or components, therefore, without increasing the volume, weight and cost of converters.

In this paper, a novel chaotic pulse width modulation (PWM) control is proposed and implemented into a four‐quadrant AC‐DC converter for electromagnetic interference (EMI) suppression, moreover, the total harmonic distortion (THD) of the input AC current is also improved under chaotic PWM control.