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This paper aims to identify the direct impact of fund style drift on the risk of stock price collapse and the intermediary mechanism of financial risk, so as to better protect the interests of minority investors.

This paper takes all the non-financial companies on the Chinese Growth Enterprise Market from 2011 to 2020 as study object and selects securities investment funds of their top ten circulation stocks to study the relationship between fund style drift and stock price crash risk.

Fund style drift is likely to add stock price crash risk. Financial risk is positively correlated with stock price crash risk. Fund style drift affects stock price crash risk via the mediating effect of financial risk, and fund style drift and financial risk have a marked impact on the stock price crash risk of non-state enterprises, yet a non-significant impact on that of state-owned enterprises.

This paper links fund style drift with stock price crash risk in an exploratory manner and enriches the study perspectives of relationship between institutional investors’ behaviors and stock price crash risk, thus enjoying certain academic value. On the one hand, it furnishes a new approach to the academic frontier issue concerning financial risk and stock price crash risk, and proves that financial risk is positively correlated with stock price crash risk. On the other hand, it regards financial risk as a mediating variable of fund style drift for stock price crash risk and further explores different influencing mechanism of institutional investors’ behaviors.

With more demand-driven innovation activities, manufacturers must proactively engage in information sharing activities with their customers for better innovation performance. This study aims to inquire into the impacts of information sharing activities between manufacturers and customers (including information system usage and information content sharing) on manufacturers’ innovation performance and considers interfirm justice (including distributive justice, procedural justice and interactional justice) as information sharing antecedents.

The social exchange theory is applied to develop the conceptual model. The authors examine the conceptual model with the structural equation modeling approach using data collected from 213 Chinese manufacturers.

Interactional justice promotes information system usage. Both interactional justice and procedural justice increase information content sharing, while distributive justice decreases it. Information content sharing directly improves innovation performance and fully mediates the relationship between information system usage and innovation performance.

This research enriches empirical studies on justice-information sharing relationships by systematically investigating the impacts of three types of justice on different information sharing activities. It also adds to the application of social exchange theory in the practices of interfirm justice and information sharing. Besides, it probes into influencing mechanisms of different information sharing activities, information system usage and information content sharing, on innovation performance. The findings can guide firms to implement interfirm justice and information sharing practices for superior innovation performance.

The purpose of this paper is to provide scientific guidance for the integration of industrialization and information (TIOII). In recent years, TIOII has promoted the development of intelligent manufacturing in China. However, many enterprises blindly invest in TIOII, which affects their normal production and operation.

This study establishes an efficiency evaluation model for TIOII. In this paper, entropy analytic hierarchy process (AHP) constraint cone and cross-efficiency are added based on traditional data envelopment analysis (DEA) model, and entropy AHP–cross-efficiency DEA model is proposed. Then, statistical analysis is carried out on the integration efficiency of enterprises in Guangzhou using cross-sectional data, and the traditional DEA model and entropy AHP–cross-efficiency DEA model are used to analyze the integration efficiency of enterprises.

The data show that the efficiency of enterprise integration is at a medium level in Guangzhou. The efficiency of enterprise integration has no significant relationship with enterprise size and production type but has a low negative correlation with the development level of enterprise integration. In addition, the improved DEA model can better reflect the real integration efficiency of enterprises and obtain complete ranking results.

By adding the entropy AHP constraint cone and cross-efficiency, the traditional DEA model is improved. The improved DEA model can better reflect the real efficiency of TIOII and obtain complete ranking results.

It is unclear what constitutes the tourism live streaming (TLS) servicescape and how it affects users' travel intention (TI). The study aims to explore the composition of the TLS servicescape, the influence mechanism of the TLS servicescape on users' TI and the formation of users' TI.

Based on stimulus organism response theory (SOR), we develop a mediation model to explore the influence of TLS servicescape on users' TI. This study collected data from 432 Chinese TLS users through an online questionnaire, and we used the structural equation model and the SPSS PROCESS macro to test the proposed model. In addition, we tested the variable relationships using fuzzy-set qualitative comparative analysis (fsQCA).

TLS servicescape is a second-order variable that can be categorized into physical element (PE), social element (SOE), symbolic element (SYE) and natural element (NE). TLS servicescape influences TI by affecting social presence (SP) and customer engagement (CE). The fsQCA reveals seven combinations of PE, SOE, SYE, NE, SP and CE that form a high TI for TLS users.

Using multiple data analysis methods, the study emphasizes the significance of the TLS servicescape for TLS. It explores how to evoke users' TI in TLS and provides a reference for TLS marketing.

The purpose of this paper is to identify the key influencing factors of aviation accidents and to predict the aviation accidents caused by the factors.

This paper proposes an improved gray correlation analysis (IGCA) theory to make the relational analysis of aviation accidents and influencing factors and find out the critical causes of aviation accidents. The optimal varying weight combination model (OVW-CM) is constructed based on gradient boosted regression tree (GBRT), extreme gradient boosting (XGBoost) and support vector regression (SVR) to predict aviation accidents due to critical factors.

The global aviation accident data from 1919 to 2020 is selected as the experimental data. The airplane, takeoff/landing and unexpected results are the leading causes of the aviation accidents based on IGCA. Then GBRT, XGBoost, SVR, equal-weight combination model (EQ-CM), variance-covariance combination model (VCW-CM) and OVW-CM are used to predict aviation accidents caused by airplane, takeoff/landing and unexpected results, respectively. The experimental results show that OVW-CM has a better prediction effect, and the prediction accuracy and stability are higher than other models.

Unlike the traditional gray correlation analysis (GCA), IGCA weights the sample by distance analysis to more objectively reflect the degree of influence of different factors on aviation accidents. OVW-CM is built by minimizing the combined prediction error at sample points and assigns different weights to different individual models at different moments, which can make full use of the advantages of each model and has higher prediction accuracy. And the model parameters of GBRT, XGBoost and SVR are optimized by the particle swarm algorithm. The study can guide the analysis and prediction of aviation accidents and provide a scientific basis for aviation safety management.

Broiler meat is the most commonly used meat product worldwide. Although China is regarded as one of the three largest broiler producers, the per capita chicken consumption remains low. Consumers' cognitive bias and the information acquisition channels are believed to be the main factors contributing to this. This paper aims to discuss the aforementioned issue.

To explore the phenomenon empirically, the current study uses the survey data of 1,056 consumers from China and analyses them using ordered logistic regression.

The results revealed that consumers' cognitive bias significantly affects their behaviour toward broiler products, and the order of influence is cognitive bias regarding industry cognitive > product nutrition and taste > food safety. The study further revealed that the more diverse the information acquisition channels, the more likely they are to promote consumer behaviour toward broiler chickens. The order of influence of the channels was self-organising > new media > traditional media.

Overall, the findings suggest that the government and enterprises should strengthen and upgrade information channels to boost both the broiler industry and consumer consumption behaviour regarding poultry products.

Rather than the usual focus on the impact of consumer cognition on consumer behaviour, this study examines the impact of cognitive bias on consumer behaviour. Further, centring on broiler products with high protein, low fat and feed-to-meat ratios, this study explores the reasons the per capita consumption of broiler products in China is far lower than the national average.

Existing studies have shown that all kinds of audit risks greatly affect audit pricing for accounting firms. However, it is still unclear whether environmental risks caused by environmental violations lead to a high audit fee. This study aims to investigate whether accounting firms raise audit fees after client firms have violated environmental regulations or have been punished for such violations.

This study selects listed firms with environmental violations between 1994 and 2018 as the treatment sample and match the treatment group with a control group of firms from the same industry, of similar asset size and with no environmental violations for the same time period. Then, this study constructs a difference-in-difference (DID) model to explore the impact of firm environmental violations (or punishment for environmental violations) on the audit pricing.

This study finds that accounting firms tend to raise audit fees after client firms have violated environmental regulations or have been punished for such violations, and this increasing effect is different due to environmental regulation intensity, regional span and internal control defects. Further evidences show that environmental violations influence audit fees through financial restatement, whereas environmental punishments impact audit fees through earnings management and risk-taking.

This study enriches the literature on determining factors of audit fees and economic consequences of environmental violations and provides empirical supports to understand the pricing behavior of accounting firms.

The purpose of this paper is to assess the risk of controlled flight into terrain (CFIT) for airlines and to develop a practical method for evaluating and predicting CFIT risk to ensure safe and efficient airline operations.

In accordance with the monitoring project specification issued by the Flight Standards Department of the Civil Aviation Administration of China (CAAC), a preliminary draft of evaluation indicators for CFIT risk was developed based on the literature review and semi-structured interviews. Fifteen aviation experts were then selected and invited to participate in a Delphi method to revise the draft. Analytic hierarchy process (AHP) and entropy weight method were used to determine the combined weight of the indicators. The variable fuzzy set model and quick access recorder (QAR) data were applied to evaluate the CFIT risk of an airline from 2007 to 2018, and the classification results were compared with actual operational data.

The research findings reveal that the six most significant monitoring items affecting CFIT risk are incorrect configuration settings during landing, loss of altitude during climbing, ground proximity warning, G/S deviation, flap extension delay during landing and incorrect takeoff configuration. The CFIT risk of airlines has shown an increasing trend since 2015. The values in 2010, 2017 and 2018 were greater than 2 and less than 2.5, indicating that the CFIT risk is at Level 2, close to Level 3, and the risk is low but approaching medium.

Using the combination weight determined by AHP and entropy weight method to rank the weight of 15 monitoring items, airlines can take necessary measures (simulator training, knowledge training) to reduce the occurrence of monitoring items with high weight to reduce CFIT risk. This risk assessment method can quantitatively evaluate the CFIT risk of airlines and provide theoretical guidance and technical support for airlines to formulate safety management measures and flight training programs, enabling the interconnection between QAR data and flight quality.

The proposed method in this study differs from traditional approaches by offering a quantitative assessment of CFIT risk for airlines and enabling the interconnection between QAR data and flight quality.

This paper aims to investigate the effect of characteristic parameters of pits on the mechanical properties and fracture model of cable steel wires.

The tensile test and finite element analysis of steel wires with corrosion damage were carried out. The stress development of corroded steel wire under corrosion morphology was studied by the 3D reverse reconstruction technology. The internal relationship between the stress triaxiality, equivalent plastic strain and pit depth, depth-width ratio of corroded steel wire was discussed.

With the increase of corrosion degree, the neck shrinkage phenomenon of steel wire was not significant, and the crack originated near the pit bottom and expanded to the section inside of specimen. The fiber area of corroded steel wire decreased while the radiation area increased, and the ductile fracture gradually changed to brittle fracture. The pit size significantly changed the triaxial degree and distribution of stress and accelerated the initiation and propagation of internal cracks at the neck shrinkage stage.

The proposed fracture model based on the void growth model could accurately simulate the fracture behavior of steel wires with corrosion damage.

The purpose of this study is to discover the uniqueness of China's online livestreaming industry and to make preliminary predictions about its future.

Providing a panoramic description of China's online livestreaming industry and a comparative analysis with other countries' online livestreaming industries.

China's online livestreaming industry is world leader in general. In terms of user size and age structure, although China has a high proportion of online livestreaming users, the proportion of anchors is not high, while the age structure of users in both China and other countries shows the characteristics of younger users. In terms of policy, the difference between China and foreign support in online livestreaming is small, but developed countries have stricter regulations.

The research in this paper has great significance in gaining an in-depth understanding of the development status and trends of China's online livestreaming industry and in designing accurate support policies.