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European regulations for labelling the genetically modified commodity crops Round‐up Ready Soya and Bt Maize have been agreed and came into force on 1 September 1998. The regulation requires labelling of ingredients that contain genetically modified DNA or modified protein. Labelling is not required where processing has resulted in modified DNA or protein being destroyed. With the aim of providing consumer information and ensuring consumer choice, UK industry had phased in labelling of genetically modified soya and maize protein since January 1998, ahead of the EU regulation being agreed. This voluntary labelling was on the basis of guidelines drawn up by an IGD Working Group. The voluntary guidelines are very similar to the EU labelling regulation. Under the terms of the labelling regulation, further discussions are necessary in Europe to agree a list of ingredients that will not require labelling on the basis that no modified DNA or protein is present, with the aim that these ingredients do not need to be tested each time they are used. Where efforts have been taken to source the non‐genetically modified varieties, the concept of a threshold has been put forward to allow for adventitious mixing with the genetically modified crop. Further discussions are necessary to agree where the threshold should be set. It is expected that the regulation will be the basis for labelling future genetically modified products.

Reports on tests in which barium metaborate pigment and its modified form are prepared, identified by chemical and X‐ray diffraction methods, and specified according to standard methods. Evaluates the modified barium metaborate as a new filler for paper making by carrying out two series of experiments. Details the results which showed that the efficiency of the filler retention when using modified barium metaborate was higher than that of the other two conventional fillers. Reveals that at relatively low filler addition (2–5 percentage weight), higher improvement in the strength properties can be obtained when using the modified pigment instead of titanium dioxide and kaolin, but observes the reverse (i.e. a detrimental effect) at relatively high filler addition (8–10 percentage weight). Discovers that the optical properties of the modified pigment‐loaded sheets lie between those of titanium dioxide and kaolin. Shows that blending barium metaborate with kaolin or titanium dioxide has a significant effect on strength properties rather than optical properties. Concludes that modified barium metaborate pigment can be successfully used in paper filling applications and that modified barium metaborate pigment‐kaolin blend (80/20 per cent) can be used instead of titanium dioxide as a paper filler.

Previous studies have shown that stock returns bear a premium for downside risk versus upside potential. We develop a new risk measure which scales the traditional CAPM beta by the ratio of the upside beta to the downside beta, thereby incorporating the effects of both upside potential and downside risk. This “modified” beta has substantial explanatory power in standard asset pricing tests, outperforming existing measures, and it is robust to various alternative modeling and estimation techniques.

This paper aims to investigate the prepared modified alkyd and poly(ester-amide) (PEA) resins as antimicrobial and insecticide binders for surface coating applications.

Salicylic diethanolamine and 4-(N, N-dimethylamino) benzylidene glutamic acid were prepared and used as new sources of polyol and dibasic acid for PEA and alkyd resins, then confirmed by: acid value, FT-IR and 1H-NMR. The coating performance of the resins was determined using measurements of physico-mechanical properties. The biological and insecticide activities of the prepared resins were investigated.

The tests carried out revealed that the modified PEA and alkyd enhanced both phyisco-mechanical and chemical properties in addition to the biological and insecticide activities. The results of this paper illustrate that the introduction of salicylic diethanolamine and 4-(N, N-dimethylamino) benzylidene glutamic acid within the resin structure improved the film performance and enhanced the antimicrobial activity performance of PEA and alkyd resins.

The modified alkyd and PEA organic resins can be used as biocidal binders when incorporated into paint formulations for multiple surface applications, especially those that are exposed to several organisms.

Modified alkyd and PEA resins based on newly synthesized modifiers have a significant potential to be promising in the production and development of antimicrobial and insecticide paints, allowing them to function to restrict the spread of insects and microbial infection.

This study aims to investigate whether auditors compromise their independence for economically important clients in family business settings.

The authors empirically examine the research question based on China for the years 2011 to 2020. The dependent variable is the auditors’ propensity to issue modified audit opinions, which is a proxy for auditor independence. The authors use relative client audit fees as a proxy for client importance. To address endogeneity issues in the selection of family firms, the authors use the two-stage least squares regression model and, subsequently, the propensity score matching and Hausman firm fixed effect modeling.

This study reveals that the propensity to issue modified audit opinions is positively correlated with client importance. Big-N auditors are more likely to issue modified audit opinions for their economically important family firm clients, whereas such evidence is not found for non-Big-N auditors. Results are consistent and robust to endogeneity test and sensitivity analysis.

This study enriches the literature on auditor independence and the effect of family firms’ ownership structure factors on audit reporting behavior for their economically important clients. Findings may prove useful for managers and practitioners interested in family business.

Non-profit organizations constitute an important share of the U.S. economy, and recent audit failures and GAO findings highlight the importance of auditor reporting decisions in this sector. In this study, we examine going-concern modified audit opinions for non-profit organizations. Using audit opinion data for 3,567 non-profits exhibiting some signs of financial stress, we find that non-profits are more likely to receive a goingconcern modified opinion if they are smaller, are in worse financial condition, expend less on program-related activities, and have more internal control related audit findings. Our analysis of the subsequent resolution of the going-concern uncertainties suggest that only 27 percent of the non-profits receiving an initial going-concern modified audit opinion filed for dissolution in the subsequent four fiscal years. Our findings fill a gap in an important area that has received little research attention, and provide a useful benchmark for non-profits and their auditors.

The purpose of this paper is to examine whether line extensions (modified brands) create their own loyalties or induce variety-seeking within the brand. Prior research has explored how the branded house strategy (i.e. multiple products bearing the same brand name) retains customers from competing brands. However, this research investigates loyalty within the brand by comparing loyalty and variety-seeking rates of modified brands.

Markov chains examine behavioral loyalty and switching rates of panel households in the USA over several quarters for two family brands of carbonated beverages. Emphasis is placed on the consumers who purchase the upper median of volume (heavy half) and constitute a disproportionate amount of brand’s sales (86 per cent of the volume).

Three propositions find that loyalty rates are high among modified brands with little switching to other lines within the brand. Further, loyalty and switch to rates are highest for the flagship branded product (the master modified brand).

Managers segment the market using the branded house strategy, yet loyalty rates vary for each product line. The switching rates can guide managers as to which products have established a loyal consumer base.

While brand switching is a considerable research stream, this research is believed to be the first to explore loyalty versus variety-seeking in the branded house strategy.

The purpose of this study is to improve the surface electrical conductivity and corrosion resistance of AISI430 stainless steel (430 SS) as bipolar plates for direct formic acid fuel cell (DFAFC).

The niobium diffusion layers have been successfully synthesized on 430 SS substrate by the plasma surface diffusion alloying technique under different diffusion alloying time.

The surface morphology of Nb-modified 430 SS prepared under the diffusion alloying time of 2 h is more homogeneous, relatively sleek and compact without surface micropore and other common surface blemishes. The potentiostatic and potentiodynamic polarization measurements manifest that Nb-modified 430 SS prepared under the diffusion alloying time of 2 h enormously ameliorate the corrosion resistance of bare 430 SS compared with other Nb-modified 430 SS samples and its corrosion current density is maintained at −1.4 µA cm⁻² in simulated anodic environment of DFAFC (0.05 M H₂SO₄ + 2 ppm HF + 10 M formic acid at 50 °C).

The effect of diffusion alloying time on the corrosion resistance and surface conductivity of Nb-modified 430 SS has been carefully studied. The Nb-modified 430 SS samples prepared at the diffusion alloying time of 2 h have the best surface electrical conductivity and corrosion resistance in the simulated anodic environment of DFAFC.

The aim of the paper is to develop a method to block hydroxyl groups of epoxy acrylate (AAEP) in vinyl ester resin (VER) and to study the influence of modified VER on polyurethane/(VER) interpenetrating polymer network (PU/VER IPN).

The hydroxyl groups of AAEP in VER were blocked via different methods. Infra‐red spectroscopy was adopted to study the influence of the reagents, reaction temperature and feed molar ratio on the blocking effect of hydroxyl groups and the optimised technological parameters were determined. The PU/VER IPN and PU/modified VER IPN were prepared by simultaneous interpenetrating of VER (mixture of AAEP and butyl methacrylate with the mass ratio of 2/1) or modified VER and synthesised PU in their laboratory. The microstructure, dynamic mechanical properties and mechanical properties of PU/VER IPN and PU/modified VER IPN were compared.

The results showed that compared to unmodified IPN, because the hydroxyl groups in VER were blocked and no chemical cross‐linked structure existed between the two networks, the modified IPN showed dual‐continuous microsturcture with larger phase domain sizes between 20 and 50 nm. The effect damping temperature range of modified IPN was broadened and its damping performance was improved. The mechanical strength of modified IPNs decreased and their break elongation increased evidently.

The PU/modified VER IPN with excellent damping properties can be used in the applications where reduction of vibration and noise is desired.

The PU/modified VER IPN, in which no chemical cross‐linked structure existed between the two networks, was novel and its damping performance was improved and excellent.

Ultra-high molecular weight polyethylene (UHMWPE) has an excellent performance and application value; however, as a tribological material, its main drawback is its poor performance under dry friction, impacting its ability to work in high-speed dry friction conditions. Modification of UHMWPE can be carried out to overcome these issues. A significant number of inorganic materials have been used to modify UHMWPE and provide it with good tribological performance. However, thus far, there has been no systematic investigation into the methodology of modifying UHMWPE. The authors take a quantitative approach to determine the structure tribo-ability relationship and basic principles of screening of inorganic compounds suited to modify UHMWPE.

The tribological properties of modified UHMWPE using a series of inorganic additives have been qualitatively studied by the authors’ research group previously. In this study, basic quantitative structure tribo-ability relationships (QSTRs) of inorganic additives for modifying UHMWPE were studied to predict tribological properties. A set of 15 inorganic compounds and their tribological data were used to study the predictive capability of QSTR towards inorganic additives properties.

The results show that the anti-wear and friction-reducing properties of these inorganic compounds correlate with the calculated parameters of entropy and dipole moment. Increased entropy and smaller dipole moment can effectively improve the anti-wear and friction-reducing ability of inorganic compounds as UHMWPE additives. Additives with larger molecular weight, lower hardness and lower melting and boiling points provide good tribological properties for UHMWPE. For inorganic compounds to act as UHMWPE additives, the chemical bond should be less covalent and have more ionic character.

Only 15 inorganic compounds and their tribological data were used to study the predictive capability of QSTR towards inorganic additives properties. If the samples number is more than 30, the other QSTR methodology can be used to study the modified UHMWPE, and the models finding can be more precise.

A QSTR model for modified UHMWPE has been studied systematically. While the results are not more precise and detailed, the model provides a new way to explore the modified UHMWPE characteristics and to reveal new insight into the friction and wear process.

Because the method of studying tribological materials is entirely different from others, the authors want to present the works and discuss it with colleagues.

The paper presents a new method to study the modified UHMWPE. A QSTR is used to study the tribology capability of compounds from calculated structure descriptors. This study uses the Hartree–Fock ab initio method to establish a QSTR prediction model to estimate the ability of 15 inorganic compounds to act as anti-wear and friction-reducing additives for UHMWPE.