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This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it examines international influences, including supranational organizations; foreign investors and international accounting firms; domestic institutional influences, including the political system, economic system, legal system, and cultural system; and accounting infrastructure. China’s convergence is driven by desired efficiency of the corporate sector and legitimacy of participating in the global market. Influenced heavily by international forces in the context of globalization, corporate governance and accounting practices are increasingly becoming in line with internationally acceptable standards and codes. While convergence assists China in obtaining legitimacy, improving efficiency is likely to be adversely affected given that corporate governance and accounting in China operate in an environment that differs considerably from those of Anglo-American countries. An examination of the corporate governance and accounting environment in China suggests heavy government involvement within underdeveloped institutions. While the Chinese government has made impressive progress in developing the corporate governance and accounting environment for the market economy, China’s unique institutional setting is likely to affect how the imported concepts are interpreted and implemented.

The purpose of this paper is to study the lubrication characteristics of double involute gear (DIG), compare its lubrication differences under quasi-static and tribo-dynamic conditions and study the influence of different factors on its lubrication characteristics under the tribo-dynamic condition.

According to the meshing characteristics of DIG and elastohydrodynamic lubrication (EHL) theory, a tribo-dynamic model of DIG is established based on the “subsection method.” The Runge-Kutta method and the multigrid method are integrated to solve the model, and the dynamic analytical model of lubricating oil is established in the iterative solution.

The load and the transmission error fluctuate obviously under the tribo-dynamic condition, which is not conducive to the lubrication of DIG. The influence of rotational speeds and torque on the lubrication properties of DIG has obvious differences under tribo-dynamic and quasi-static conditions.

This research can provide a theoretical basis for improving the lubrication performance, reducing the loss of mechanical efficiency and improving the bearing capacity and service life of DIG.

We question whether the Chinese state has played an effective role in promoting outward foreign direct investment via its “Go Global” policies. Using the literature in International Management as our framing, we observe three inter-related stylized realities. First, it is state-owned enterprises (SOEs) – not private enterprises – that tend to principally benefit from the favorable “Go Global” policies. Second, SOEs tend to pay much higher acquisition premiums in outward FDI as compared to non-SOEs. Third, SOEs tend to be less effective as compared to non-SOEs in gaining synergies and enhancing competitiveness as a result of these cross-border experiences. These results yield clear policy implications for the Chinese government: first, more effective public policy would involve enhanced targeting of private enterprises as the recipients of policies promoting outward FDI; second, the Chinese government should continue along the path toward privatization of SOEs. The continued bolstering of economic and social development in China is contingent upon efforts to reduce the state’s active role in outward FDI.

Current literature provides limited insights into the supply chain contexts within which e-commerce can create higher value for firms. To address this literature gap, this research explores the value potential, and thus value creation process, of e-commerce initiatives for supply chain distribution channel expansions.

Using secondary data collected from multiple sources, this research conducted an event study to examine the stock market reactions to the announcements of e-commerce initiatives of Chinese firms.

The results indicate that the e-commerce initiatives increase average firm value by CNY 295.29 million in a three-day window around the initiative's announcement date. Moreover, we find that such stock market reactions are more positive for firms with poor operating performance, and more negative when firms deploy initiatives on their own (rather than third-party) platforms. Further, companies that integrate or complement their online sales with an offline sales channel experience more positive stock market reactions.

This study provides new insights into the value creation process of e-commerce from an operation and supply chain process perspective.

The purpose of this paper is to evaluate the possibility of rating the credit worthiness of a firm’s quarterly financial report using a dynamic anomaly detection method.

The study uses a data set containing financial statements from Quarter 1 – 2001 to Quarter 4 – 2016 of 937 Vietnamese listed firms. In sum, 24 fundamental financial indices are chosen as control variables. The study employs the Mahalanobis distance to measure the proximity of each data point from the centroid of the distribution to point out the extent of the anomaly.

The finding shows that the model is capable of ranking quarterly financial reports in terms of credit worthiness. The execution of the model on all observations also revealed that most financial statements of Vietnamese listed firms are trustworthy, while almost a quarter of them are highly anomalous and questionable.

The study faces several limitations, including the availability of genuine accounting data from stock exchanges, the strong assumptions of a simple statistical distribution, the restricted timeframe of financial data and the sensitivity of the thresholds for anomaly levels.

The study opens an avenue for ordinary users of financial information to process the data and question the validity of the numbers presented by listed firms. Furthermore, if fraud information is available, similar research can be conducted to examine the tendency for companies with anomalous financial reports to commit fraud.

This is the first paper of its kind that attempts to build an anomaly detection model for Vietnamese listed companies.

This paper aims to study the effects of solid additives and compounding processes on the selective laser sintering (SLS) behavior of composite powders.

Composite powders were prepared from TrueForm™ acrylic‐styrene co‐polymer and SiO₂ powder. Dry mixing and melt extrusion were used as the blending processes to produce the composite powders. Some SiO₂ powder was ground and treated with silane coupling agent before blending to study the effects of particle size and surface treatment of the filler, respectively. The temperature of the powder bed was monitored using an infrared thermometer. The fusion behaviors of the powders were investigated in situ using an optical microscope and the sintered specimens were examined by scanning electron microscopy.

For a given volume fraction of the filler, reducing its particle size will hinder fusion between the polymer particles and weaken the sintered specimens. Surface treatment of the filler by silane coupling agent had little effect on the morphology of the sintered specimens; however, it slightly improved their strength. The blending method plays an important role in the sintering behavior of the composite powders. Although melt blending improved the polymer‐to‐polymer contact between the composite powder particles, the high‐resultant viscosity of the material adversely affected the densification of the powder bed, leading to a highly porous structure of the sintered specimens.

The sintering experiments were conducted in ambient conditions using a laser engraving machine instead of a commercial SLS machine with atmospheric control. The temperature gradient within the powder bed was expected to be higher than that in normal SLS processes.

The SLS behavior of a composite powder not only depends on its composition but also on the powder preparation method or powder morphology.

This paper provides some useful information for future development of composite powders for SLS applications.

Forces of globalization have driven international convergence in corporate governance and accounting considerably over the past few decades. Nevertheless, despite the global trend, convergence of corporate governance and financial reporting remains a subject of debate. This research monograph critically examines whether China’s convergence with Anglo-American corporate governance principles and the International Financial Reporting Standards (IFRS) is likely to produce the expected outcomes of improving the transparency and comparability of accounting information in Chinese firms. In this chapter, we discuss the motivation for and the significance of the study; describe the issues associated with the adoption of internationally acceptable standards and principles in China; explain the theoretical framework used to inform the study and research methodology; and present the aim and objectives of the monograph.