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Book part
Publication date: 2 September 2009

Doug Guthrie, Zhixing Xiao and Junmin Wang

In the spring of 1995, the Electronics Bureau of Shanghai [Shanghai Dianziju] changed its name to “Shanghai Electronics State-Owned Asset Management Company” [Shanghai

Abstract

In the spring of 1995, the Electronics Bureau of Shanghai [Shanghai Dianziju] changed its name to “Shanghai Electronics State-Owned Asset Management Company” [Shanghai dianzi guoyou zichan jingying gongsi]. As one official in the former Bureau explained, it had changed its name and its function: It was no longer set up to “govern” or “manage” [guan] Shanghai's electronics sector; instead it was now an asset management company whose function was to manage the assets of the firms that it owned.1 At the time, the transformation seemed purely cosmetic. Calling itself an asset management company instead of a government bureau was one thing, but actually acting like an asset management company was quite another. Would firms under this former Bureau be any more productive as a result of the change? Would the work-life experiences of the people actually working in these firms change at all as a result?

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Work and Organizationsin China Afterthirty Years of Transition
Type: Book
ISBN: 978-1-84855-730-7

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Article
Publication date: 1 July 2004

Vivian L. Lines

Corporate reputation is a major concern for CEOs globally. In Asia it is increasingly being managed strategically at the highest corporate levels. A survey of C‐suite…

Abstract

Corporate reputation is a major concern for CEOs globally. In Asia it is increasingly being managed strategically at the highest corporate levels. A survey of C‐suite executives in Asia, North America and Europe by Hill & Knowlton and Korn/Ferry International finds, however, that Asian executives are more focused on using corporate reputation to drive tangible business benefit than their North American and European peers. Corporate social responsibility and the broader range of stakeholders beyond customers and shareholders does not feature strongly in the corporate reputation agenda of Asian executives. The survey results indicate Asian executives are more concerned with core stakeholders, such as customers and shareholders, and bottom‐line performance and corporate governance rather than softer areas of reputation management, such as community relations and internal communications. The time has come for Asian CEOs to take a broader perspective to corporate reputation management.

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Journal of Communication Management, vol. 8 no. 3
Type: Research Article
ISSN: 1363-254X

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Book part
Publication date: 9 July 2010

Doug Guthrie and David Slocum

We discuss the ways in which the tensions between deregulation and bailouts create fundamentally inefficient markets. Although there is an appetite for the rhetoric of a…

Abstract

We discuss the ways in which the tensions between deregulation and bailouts create fundamentally inefficient markets. Although there is an appetite for the rhetoric of a laissez-fair economic system in the United States, we do not have the political will to operate such a system, as there are always cries for bailouts when a crisis emerges. And bailouts rob markets of the crucial ability to discipline capital for risky behavior. Using the case of China as an example, we argue that the post-Cold War conclusion that state ownership is fundamentally inefficient is premature. The key issue is not state versus private ownership per se but, rather, how well aligned the incentives are within a given system. Some of the economic models we find in reform-era China are actually better aligned and perhaps as transparent as their counterparts in the market economies of the capitalist West. Finally, because China is not caught up on the categorical assumption that private firms are efficient while state-owned firms are inefficient, the country has been able to be an institutional innovator in the area of public–private partnerships, leading to radical new corporate forms.

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Markets on Trial: The Economic Sociology of the U.S. Financial Crisis: Part B
Type: Book
ISBN: 978-0-85724-208-2

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Article
Publication date: 13 November 2017

Weiguo Xue, Wenquan Ma, Xiaohong Xu, Tao Li, Xuguang Zhou and Peng Wang

Thiadiazole compounds and their derivatives have carrying capacity and good lubricating properties. However, their poor oil-solubility limited their wide usage in…

Abstract

Purpose

Thiadiazole compounds and their derivatives have carrying capacity and good lubricating properties. However, their poor oil-solubility limited their wide usage in lubricating oil. The study aims to develop thiadiazole lubricant additives with better oil-solubility. When the hindered phenol antioxidation functional group and alkyl-chain are introduced to thiadiazole, the resulting product could have better oil-solubility and excellent antioxidation resistance, anti-wear and corrosion resistance in the lubricating oil.

Design/methodology/approach

One kind of thiadiazole lubricant additive, for the first time, has been synthesized from 2,5-dimercapto-1,3,4-thiadiazole. Its tribological performance has also been evaluated by four-ball test. And, its oxidation resistance has been estimated by rotating pressure vessel oxidation test and pressurized differential scanning calorimetry. The anticorrosion performance of such an additive has been studied by GB/T 5096 standard method test.

Findings

The synthesized thiadiazole additive has excellent anti-oxidation capability, good anti-wear and extreme pressure properties and good anticorrosion performance, in comparison with zinc dialkyl dithiophosphate (ZDDP). In base oils, the comprehensive performance of thiadiazole additive is comparable to ZDDP. Mechanistic studies indicate that the S and N active elements were involved in the formation of a boundary film. This may account for the formation of a composite membrane on the metal surface and thus for the tribological performance of such thiadiazole additives.

Originality/value

The thiadiazole derivatives, which are ashless and have environmentally friendly features, are a potential alternative to ZDDP. Because of the film formed on the friction surface, thiadiazole compounds may serve as an excellent anti-wear additive and are expected to reduce friction and wear between metals.

Details

Industrial Lubrication and Tribology, vol. 69 no. 6
Type: Research Article
ISSN: 0036-8792

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Article
Publication date: 27 November 2018

Zhichao Qiu, Chunming Xiong, Zhengrong Ye, Ran Yi and Na Zhang

The purpose of this paper is to solve the tubing corrosion problem of B Block on the Right Bank of Amu Darya river sour gas field.

Abstract

Purpose

The purpose of this paper is to solve the tubing corrosion problem of B Block on the Right Bank of Amu Darya river sour gas field.

Design/methodology/approach

By using four-point-bending method, the tubing’s ability to resist sulfide-stress cracking was tested. Simulating the wellbore corrosive environment, the corrosion inhibitor which was suitable for gas filed had been screened. According to the characteristic of Amu Darya river gas field, the corrosion monitor system had been designed.

Findings

From the feedback of wellbore corrosion monitor result, the corrosion rate was lower than 0.076 mm/a.

Originality/value

This anti-corrosion technique provides security for the development of gas field.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 1
Type: Research Article
ISSN: 0003-5599

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Article
Publication date: 4 September 2017

Zhongping Tang, Zhengwen Feng, Peng Jin, Xisheng Fu and Hua Chen

The purpose of this paper is to identify the feature of soot in diesel engine oil and provide a method to stably disperse these soots using effect additives which is…

Abstract

Purpose

The purpose of this paper is to identify the feature of soot in diesel engine oil and provide a method to stably disperse these soots using effect additives which is benefical for lubricants to pass related engine tests.

Design/methodology/approach

This paper designed experiments to investigate the dispersant type, treat level and different dispersant interactions which influence on lubricant soot-related viscosity increase. The research work developed an effective dispersant package which can well solve the soot-related viscosity increase, allowing pass Mack T-11 and Mack T-8 engine tests and demonstrated the helpfulness of using a quickly screening method developed by a steel piston diesel engine CA 6DL2-35.

Findings

The effect of dispersant treat level on the viscosity increase of the oil samples was negligible. Dispersant booster can effectively improve the soot handling ability of heavy-duty diesel engine oils (HDDEO), and the appropriate treat level of dispersant booster can help HDDEO pass Mack T-8 and Mack T-11 engine tests.

Practical implications

The test results are useful for formulators to select the appropriate dispersants or dispersant booster to develop the HDDEO packages which can meet the modern diesel engine lubrication requirements.

Originality/value

Most previous studies in this field were carried out on soot formation mechanism and soot-related wear rather than how to solve the soot-related viscosity increasing of HDDEO. This paper describes the soot dispersing requirements of different HDDEO specifications and developed an effective dispersant package which can well deal with Mack T-11 and Mack T-8E standard engine tests soot handling ability requirements.

Details

Industrial Lubrication and Tribology, vol. 69 no. 5
Type: Research Article
ISSN: 0036-8792

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Article
Publication date: 29 March 2021

Ailing Wang, Yong Deng, Kaihong Li, Wenlei Li, Dongliang Yu, Gan Cui, JianGuo Liu and Zili Li

Alternating current (AC) corrosion is a type of corrosion that occurs in buried pipelines under AC stray current interference, which can increase the hydrogen…

Abstract

Purpose

Alternating current (AC) corrosion is a type of corrosion that occurs in buried pipelines under AC stray current interference, which can increase the hydrogen embrittlement sensitivity of pipelines. However, rare research works have been conducted on the hydrogen permeability characteristics of pipeline steel under AC stray current interference. The purpose of this paper is to study hydrogen permeation behavior of X80 steel under AC stray current interference.

Design/methodology/approach

In this paper, the hydrogen permeation behavior of X80 steel under AC interference is studied by AC hydrogen charging experiment in a dual electrolytic cell. The relationship between hydrogen evolution rate and hydrogen permeation flux is studied using the gas collection method. The difference between AC hydrogen permeability and direct current (DC) hydrogen permeability is also discussed.

Findings

The anodic dissolution caused by AC corrosion promotes the chemical desorption reaction of the adsorbed hydrogen atoms on the surface, reducing the hydrogen atom absorption ratio by 70%. When the AC is smaller than 150░ A/m2, the hydrogen permeation process is controlled by the hydrogen atom generation rate, and the hydrogen permeation flux increases with the increase in hydrogen atom generation rate. When the AC exceeds 400░ A/m2, the hydrogen permeation process is controlled by the absorption ratio. The hydrogen permeation flux decreases with the decrease in the absorption ratio. Under AC interference, there is a maximum hydrogen permeation flux that linearly correlates to the H+ concentration in the solutions.

Originality/value

The high-strength steel is very sensitive to hydrogen embrittlement, and X80 steel has been widely used in oil and gas pipelines. To date, no research has been conducted on the hydrogen permeation behavior of pipeline steel under AC interference, and the hydrogen permeability characteristics of pipeline steel under AC interference are not clear. The research results of this paper are of great significance for ensuring the intrinsic safety of high-strength pipelines under AC stray current interference.

Details

Anti-Corrosion Methods and Materials, vol. 68 no. 2
Type: Research Article
ISSN: 0003-5599

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Article
Publication date: 19 August 2019

Niklas Kreander and Ken McPhail

The purpose of this paper is to explore how the Norwegian Government incorporated its responsibility for human rights into the investment practices of its Global Pension…

Abstract

Purpose

The purpose of this paper is to explore how the Norwegian Government incorporated its responsibility for human rights into the investment practices of its Global Pension Fund and how human rights issues were negotiated when exclusion was considered.

Design/methodology/approach

Drawing on a series of interviews the authors analyse the way in which responsibility for human rights has been translated into the practices of the Norwegian Government Pension Fund Global.

Findings

The paper documents how a large investment fund used several mechanisms to address human rights risks. The authors demonstrate that different logics among actors sometimes impeded addressing human rights issues. The findings demonstrate that sovereign wealth funds (SWF) can be held accountable for human rights.

Research limitations/implications

The paper illustrates the difficulty of co-operation between actors with different logics. This can result in institutional conflict, but also in positive outcomes for human rights.

Practical implications

Attempts to introduce human rights into state investments may result in increased institutional complexity. The findings indicate that state investors can address human rights issues, but that the ability to do so is diminished where divestment creates political tension.

Social implications

Large investors can influence companies on specific human rights issues.

Originality/value

This is one of the first empirical investigations of the human rights practices of a SWF. The authors contribute to the literatures on accounting and human rights, SWF and institutional theory.

Details

Accounting, Auditing & Accountability Journal, vol. 32 no. 6
Type: Research Article
ISSN: 0951-3574

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Article
Publication date: 25 July 2019

Zhichao Qiu, Chunming Xiong, Zhengrong Ye, Xiang Zhou, Rui Wang, Xueqiang Lin and Pengfei Sui

This paper aims to explore the influence of CO2 partial pressure, flow rate and water cut on N80 steel corrosion behaviors in the displacement process of oil in glutenite…

Abstract

Purpose

This paper aims to explore the influence of CO2 partial pressure, flow rate and water cut on N80 steel corrosion behaviors in the displacement process of oil in glutenite reservoir by CO2 injection.

Design/methodology/approach

A self-made 3 L high-temperature and high-pressure autoclave was used to conduct corrosion simulation experiments of N80 steel in different CO2 partial pressures, flow rates and water cut (the independently developed oil and water mixing approach can ensure the uniform mixing of oil and water in experiments). Techniques like weight loss and surface analysis were used to analyze the corrosion behaviors of N80 steel under different conditions.

Findings

Results showed that the average corrosion rate of N80 steel accelerated at varying degrees with the increase of CO2 partial pressure, flow rate and water cut. Excluding that the samples showed uniform corrosion under the two conditions of 0.5MPa CO2 partial pressure and static corrosion, they displayed mesa attack corrosion under other conditions. Besides, with the increase of CO2 partial pressure, the pH value of solution dropped and the matrix corrosion speed rose, hence leading to the increased Fe2+ and CO32− concentration. Meanwhile, a lowered pH value improved the FeCO3 critical supersaturation, thereby leading to an increased nucleation rate/growth rate and ultimately causing the decrease of the dimension of FeCO3 crystallites formed on the surface of the samples.

Originality/value

The results can be helpful in targeted anti-corrosion measures for CO2/oil/water corrosive environment.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 4
Type: Research Article
ISSN: 0003-5599

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Book part
Publication date: 1 August 2019

Irina A. Morozova, Valeriya P. Chayka, Alexey V. Tolmachev, Alina V. Chesnokova and Yulia I. Dubova

Purpose: The purpose of the chapter is to study the peculiarities of making of managerial decisions in modern business systems in countries of Asia and to compile an Asian…

Abstract

Purpose: The purpose of the chapter is to study the peculiarities of making of managerial decisions in modern business systems in countries of Asia and to compile an Asian model of this process, as well as to determine the possibilities and perspectives of making of optimal decisions according to this model.

Methodology: The chapter is devoted to studying the microeconomic aspect of economic development of countries of Asia; it is based on the methods of logical and systemic analysis, modeling of socioeconomic processes and systems, and formalization.

Conclusions: In the course of studying the practice of making of managerial decisions in modern business systems in countries of Asia, an Asian model of this process is compiled – it has the following features: independent making of tactical decisions by linear managers, foundation on model decisions, strong control, marketing only at the level of top management, and feedback with linear managers. The determined peculiarities are oriented at maximum acceleration of the process of making of managerial decisions in business systems. Another aspect of this advantage is insufficient consideration of internal (due to absence of involvement of employees into the process of discussion of decisions) and external (due to weak marketing support) possibilities of the business system.

Originality/value: It is substantiated that Asian model is most adapted and fitting for making of managerial decisions in the conditions of dynamic business environment, when the most important criterion of optimality is the speed of decision making.

Details

Specifics of Decision Making in Modern Business Systems
Type: Book
ISBN: 978-1-78756-692-7

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