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This study aims to examine the behaviour of institutional and retail investors in response to news about industry leaders (peer firms) and to determine its impact on the stock prices of other firms (focal firms) within the same industry.

The study investigates the impact of peer news on investor behaviour of Chinese A-shares listed on the Shanghai and Shenzhen Stock Exchanges from 2010 to 2019. The media coverage of industry leaders is sourced from prominent Chinese online financial outlets and the Chinese Financial Press. Support vector machine is applied to identify the positive, neutral and negative news within the articles. The study uses event study and logistic regression to examine the effects of peer news on focal firms’ investor behaviour.

The results show that both good and bad news about leaders cause peers’ stock prices to increase initially, but then reverse within one quarter. Further analysis reveals that when leaders’ shares receive positive news coverage, institutional investors tend to exert excessive abnormal buying pressure on peers’ shares, resulting in overreactions. Conversely, retail investors do not actively trade on peers on leaders’ news day due to limited attention. In addition, the study shows that short-selling constraint inhibits bad news from reflecting in the stock prices.

The study highlights differences in investor behaviour. The finding that institutional investors tend to overreact more to peer firms’ news when focal firms are smaller and have a lower frequency of information disclosure supports the salient theory. This is consistent with the previous framework that suggests overreaction is more pronounced when it is difficult to combine external sources of information to evaluate the focal firms. In contrast, retail investors do not engage in active trading on peers on leaders’ news day due to the limited attention theory.

A novel semiconducting macromolecule-polyperylene tetraamide (PPTI) was first synthesized with a simple method using 3, 4, 9, 10-perylene tetracarboxylic acid (PTCA) and hydrazine hydrate (N2H4).

The Ag nanoparticle was doped on the surface or inside of the PPTI film to obtain a highly sensitive hydrazine sensor-Ag/PPTI, which was synthesized within one step. The structure of Ag/PPTI was characterized through various techniques such as Fourier transform infrared (FT-IR), thermogravimetric analyzer (TGA), X-ray diffraction (XRD), X-ray photoelectron spectroscopy measurements (XPS) and scanning electronic microscopy (SEM).

According to cyclic voltammetry results, Ag/PPTI/GCE indicated good electrocatalytic activity toward the oxidation of hydrazine. The amperometric detection of hydrazine was then applied on Ag/PPTI/GCE. It exhibited a wide linear range from 0.05 to 50 µM, a low detection limit (S/N = 3) of 0.05 µM and high sensitivity of 0.45 µA/(µM•cm2).

In authors’ perception, this approach emerges as an effective technique for developing efficient chemical sensors for environmental pollutants.

The objective of this study is to examine the various factors that exert an influence on the green economy. This study also investigates the impact of foreign direct investment (FDI) on the Malaysian economy, specifically focusing on its position as a mediator. This research also examines the correlation between FDI and its influence on the contemporary green economy.

The authors employed quantitative methodologies and a self-administered survey to evaluate data and derive a definitive conclusion. The result was constructed using SPSS and SEM-PLS as the analytical software.

The study reveals that technological advancement, investment country and government policy significantly and positively affect the green economy, catalyse SDG goals and restructure the economy in better shape.

The current empirical research bridges the research gap in the context of technology advancement in government policy from emerging economies by exploring important factors, proposing their impact on the performance of the green economy, and empirically testing those hypothesized relationships. This study deciphers that FDI influences the green economy, where the investment country plays a significant role. Also, for a graphical presentation of this abstract, see the online appendix.

Energy conservation and environmental protection industry (ECEPI) is a strategic choice to promote energy conservation and emission reduction, develop green economy and circular economy. However, China’s ECEPI is still in the stage of rapid development and the overall scale is relatively small, what development periods have the ECEPI experienced? This study aims to contribute to a better understanding of collaborative innovation evolution based on social network analysis from the perspective of multi-dimensional proximity.

Methodologically, this study uses social network analysis method to explore the co-evolution of multidimensional collaboration networks. It divides China’s ECEPI into four periods based on national policies from 2001 to 2020. This contribution constructs collaborative innovation networks from geographical, technological and organizational proximity.

The results show that the collaborative innovation network was initially formed in the central region of China, gradually expanded to neighboring cities and the core positions of Beijing, Jiangsu and Guangdong have been continuously consolidated. C02F has been the core of the collaboration networks, and the research focus has gradually shifted from the treatment of wastewater, sewage or sludge to the separation field. Enterprises always occupy a dominant position in the collaboration networks.

This research investigates the dynamic evolution process of collaborative innovation network in China’s ECEPI from the perspective of multidimensional proximity, explores the community structure, important nodes and multidimensional proximity features in the network, expands the research perspective on evolution characteristics of innovative network and the research field of social network analysis. Theoretically, this study enriches collaborative innovation theory, social network theory and multi-dimensional proximity theory.

The purpose of this study is to explore the transient characteristics of mixed-flow pumps during startup process.

This study uses a full-flow field transient calculation method of mixed-flow pump based on a closed-loop model.

The findings show the hydraulic losses and internal flow characteristics of the piping system during the start-up process.

Large computational cost.

Improve the accuracy of current numerical simulation results in transient process of mixed-flow pump.

Simplify the setting of boundary conditions in the transient calculation.

This study aimed to address a gap in subcontractor management by focusing on previously unexplored complexities surrounding subcontractor management in developing countries. While past studies concentrated on selection and relationships, this study delved into how effective subcontractor management impacts project success.

This study used the Bayesian Network analysis approach, through a meticulously developed questionnaire survey refined through a piloting stage involving experienced industry professionals. The survey was ultimately distributed among participants based in Accra, Ghana, resulting in a response rate of approximately 63%.

The research identified diverse components contributing to subcontractor disruptions, highlighted the necessity of a clear regulatory framework, emphasized the impact of financial and leadership assessments on performance, and underscored the crucial role of main contractors in Integrated Project and Labour Cost Management with Subcontractor Oversight and Coordination.

Previous studies have not considered the challenges subcontractors face in projects. This investigation bridges this gap from multiple perspectives, using Bayesian network analysis to enhance subcontractor management, thereby contributing to the successful completion of construction projects.

In the process of continuous casting and rolling of steel plate, due to the influence of rolling equipment and process, there are scratches, inclusions, patches, scabs and pitted surfaces on the surface of steel plate, which will not only affect the corrosion resistance, wear resistance and fatigue strength of steel plate but also may cause production accidents. Therefore, the detection of steel plate surface defect must be strengthened to ensure the production quality of steel plate and the smooth development of industrial construction.

(1) A steel plate surface defect detection technology based on small datasets is proposed, which can detect multiple surface defects and fill in the blank of scab defect detection. (2) A detection system based on intelligent recognition technology is built. The steel plate images are collected by the front-end monitoring device, then transmitted to the back-end monitoring center and processed by the embedded intelligent algorithms. (3) In order to reduce the impact of external light on the image, an improved Multi-Scale Retinex (MSR) enhancement algorithm based on adaptive weight calculation is proposed, which lays the foundation for subsequent object segmentation and feature extraction. (4) According to the different factors such as the cause and shape, the texture and shape features are combined to classify different defects on the steel plate surface. The defect classification model is constructed and the classification results are recorded and stored, which has certain application value in the field of steel plate surface defect detection. (5) The practicability and effectiveness of the proposed method are verified by comparison with other methods, and the field running tests are conducted based on the equipment commissioning field of China Heavy Machinery Institute.

When applied to small dataset, the precision of the proposed method is 94.5% and the time is 23.7 ms. In order to compare with deep learning technology, after expanding the image dataset, the precision and detection time of this paper are 0.948 and 24.2 ms, respectively. The proposed method is superior to other traditional image processing and deep learning methods. And the field recognition precision is 91.7%.

In brief, the steel plate surface defect detection technology based on computer vision is effective, but the previous attempts and methods are not comprehensive and the accuracy and detection speed need to be improved. Therefore, a more practical and comprehensive technology is developed in this paper. The main contributions are as follows: (1) A steel plate surface defect detection technology based on small datasets is proposed, which can detect multiple surface defects and fill in the blank of scab defect detection. (2) A detection system based on intelligent recognition technology is built. The steel plate images are collected by the front-end monitoring device, then transmitted to the back-end monitoring center and processed by the embedded intelligent algorithms. (3) In order to reduce the impact of external light on the image, an improved MSR enhancement algorithm based on adaptive weight calculation is proposed, which lays the foundation for subsequent object segmentation and feature extraction. (4) According to the different factors such as the cause and shape, the texture and shape features are combined to classify different defects on the steel plate surface. The defect classification model is constructed and the classification results are recorded and stored, which has certain application value in the field of steel plate surface defect detection. (5) The practicability and effectiveness of the proposed method are verified by comparison with other methods, and the field running tests are conducted based on the equipment commissioning field of China Heavy Machinery Institute.

User-generated content (UGC) refers to semantic and behavioral traces created by users on various social media platforms. While several waves of platforms have come and gone, the long-term sustainability of UGC activities has become a critical question that bears significance for theoretical understanding and social media practices.

Based on a large and lengthy dataset of both blogging and microblogging activities of the same set of users, a multistate survival analysis was applied to explore the patterns of users' staying, switching and multiplatforming behaviors, as well as the underlying driving factors.

UGC activities are generally unsustainable in the long run, and natural attrition is the primary reason, rather than competitive switching to new platforms. The availability of leisure time, expected gratification and previous experiences drive users' sustainability.

The authors adopted actual behavioral data from two generations of platforms instead of survey data on users' switching intentions. Four types of users are defined: loyal, switcher, multiplatformer and dropout. As measured by the transitions among the four states, the different sustainability behaviors are thereby studied via an integrated framework. These two originalities bridge gaps in the literature and offer new insights into exploring user sustainability in social media.

This paper aims to investigate the effect of partially blocking the cathode channel with the stair arrangement of obstacles on the performance of a proton exchange membrane fuel cell.

A numerical study is conducted by developing a three-dimensional computational fluid dynamics model.

As the angle of the stair arrangement increases, the performance of the fuel cell is reduced and the pressure drop is decreased. The use of four stair obstacles with an angle of 0.17° leads to higher power density and a lower pressure drop compared to the case with three rectangular obstacles of the same size and maximum height. The use of four stair obstacles with an angle of 0.34° results in higher power density and lower pressure drop compared to the case with two rectangular obstacles of the same size and maximum height.

Using the stair arrangement of obstacles as an innovation of the present work, in addition to improving the fuel cell’s performance, creates a lower pressure drop than the simple arrangement of obstacles.

With the development of integrated circuit and communication technology, digital secure communication has become a research hotspot. This paper aims to design a five-dimensional fractional-order chaotic secure communication circuit with sliding mode synchronous based on microcontroller (MCU).

First, a five-dimensional fractional-order chaotic system for encryption is constructed. The approximate numerical solution of fractional-order chaotic system is calculated by Adomian decomposition method, and the phase diagram is obtained. Then, combined with the complexity and 0–1 test algorithm, the parameters of fractional-order chaotic system for encryption are selected. In addition, a sliding mode controller based on the new reaching law is constructed, and its stability is proved. The chaotic system can be synchronized in a short time by using sliding mode control synchronization.

The electronic circuit is implemented to verify the feasibility and effectiveness of the designed scheme.

It is feasible to realize fractional-order chaotic secure communication using MCU, and further reducing the synchronization error is the focus of future work.