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This study examines the impact of China’s mixed-ownership reform on the innovation of non-state-owned acquirers, with a particular focus on the impact on firms with high financing constraints, low-quality accounting information or less tangible assets.

We use a proprietary dataset of firms listed on the Shanghai and Shenzhen Stock Exchanges to investigate the impact of mixed ownership reform on non-state-owned enterprise (non-SOE) innovation. We employ regression analysis to examine the association between mixed ownership reform and firm innovation.

The study finds that non-state-owned firms can improve innovation by acquiring equity in state-owned enterprises (SOEs) under the reform. Eased financing constraints, lowered financing costs, better access to tax incentives or government subsidies, lowered agency costs, better accounting information quality and more credit loans are underlying the impact. Additionally, cross-ownership connections amongst non-SOE executives and government intervention strengthen the impact, whilst regional marketisation weakens it.

This study adds to the literature on the association between mixed ownership reform and firm innovation by focussing on the conditions under which this impact is stronger. It also sheds light on the policy implications for SOE reforms in emerging economies.

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.

In an urbanising world, neighbouring is perceived to be steadily losing significance and a remnant of the past. The same belief can also be found in China where rapid urbanisation has had a tremendous impact on the social networks and neighbourhood life of urban residents. This chapter challenges the common perception of neighbouring in demise and argues that neighbouring remains an important form of social relationship, even if the meanings and role of neighbouring have changed. This chapter first charts the changing role of neighbouring from the socialist era to post-reform China. It then provides an account of four common types of neighbourhoods in Chinese cities – work-unit estates, traditional courtyards, commodity housing estates and urban villages – and considers how and why neighbouring in different ways still matters to them. In pre-reform socialist China, neighbourhood life and neighbouring comprised much of the daily social life of residents. Since the reform era, with the proliferation of private commodity housing estates, middle-class residents prioritise comfort, security and privacy, such that neighbouring levels have subsided. Nevertheless, in other neighbourhood types, such as work-unit housing estates, traditional courtyards and urban villages, neighbours still rely upon one another for various reasons.

The purpose of this paper is to investigate the existence and global exponential stability of periodic solution of memristor-based recurrent neural networks with time-varying delays and leakage delays.

The differential inequality theory and some novel mathematical analysis techniques are applied.

A set of sufficient conditions which guarantee the existence and global exponential stability of periodic solution of involved model is derived.

It plays an important role in designing the neural networks.

The obtained results of this paper are new and complement some previous studies. The innovation of this paper concludes two aspects: the analysis on the existence and global exponential stability of periodic solution of memristor-based recurrent neural networks with time-varying delays and leakage delays is first proposed; and it is first time to establish the sufficient criterion which ensures the existence and global exponential stability of periodic solution of memristor-based recurrent neural networks with time-varying delays and leakage delays.

This review aims to give a critical view of the wheel/rail high frequency vibration-induced vibration fatigue in railway bogie.

Vibration fatigue of railway bogie arising from the wheel/rail high frequency vibration has become the main concern of railway operators. Previous reviews usually focused on the formation mechanism of wheel/rail high frequency vibration. This paper thus gives a critical review of the vibration fatigue of railway bogie owing to the short-pitch irregularities-induced high frequency vibration, including a brief introduction of short-pitch irregularities, associated high frequency vibration in railway bogie, typical vibration fatigue failure cases of railway bogie and methodologies used for the assessment of vibration fatigue and research gaps.

The results showed that the resulting excitation frequencies of short-pitch irregularity vary substantially due to different track types and formation mechanisms. The axle box-mounted components are much more vulnerable to vibration fatigue compared with other components. The wheel polygonal wear and rail corrugation-induced high frequency vibration is the main driving force of fatigue failure, and the fatigue crack usually initiates from the defect of the weld seam. Vibration spectrum for attachments of railway bogie defined in the standard underestimates the vibration level arising from the short-pitch irregularities. The current investigations on vibration fatigue mainly focus on the methods to improve the accuracy of fatigue damage assessment, and a systematical design method for vibration fatigue remains a huge gap to improve the survival probability when the rail vehicle is subjected to vibration fatigue.

The research can facilitate the development of a new methodology to improve the fatigue life of railway vehicles when subjected to wheel/rail high frequency vibration.

This study aims to elucidate the process and internal mechanism of place identity construction in traditional villages under the impact of tourism by taking Cuandixia village as a case. The research methods comprise participatory observation and in-depth interviews with the residents. The main results are as follows: the impact of tourism on traditional villages is mainly reflected in space reconstruction, livelihood change, social relations restructuring and culture change; under the impact of tourism, the representation of residents’ identity construction shows complexity, with positive and negative effects; and the place identity construction of residents affects their perception of and attitudes toward tourism. Moreover, self-esteem and self-efficacy principles play a key role in their perception of tourism. This study provides some reference for further investigation of the tourism development model and the mental mechanism of residents in traditional villages.

Hanfu has been the Han ethnic costume in Chinese history. This study explores the travel motivation and experience of Hanfu tourists by conducting qualitative research on Hanfu tourists through photo-elicitation interviews with 25 participants covering four study regions, including the mainland of China, Taiwan, Malaysia, and Singapore. The results reveal seven motivations drive Hanfu tourists: (1) personal hobby, (2) seeking cultural identity, (3) social belonging, (4) Hanfu tourist photography, (5) career need, (6) influence on Hanfu movement, and (7) free space for wearing Hanfu created by tourism. Additionally, the seven types of Hanfu tourist experiences are (1) social experience, (2) cultural experience, (3) Hanfu performance experience, (4) nonvisual sensual experience, (5) learning experience, (6) challenge experience, and (7) pilgrimage experience. This study further furnishes theoretical and managerial implications as a reference for destination marketing targeting Hanfu tourists.

This article aims to study unionisation of foreign companies in China and to evaluate its effectiveness on representing labour rights and interests, so as to explore the relationships between the Chinese unions and other industrial relations actors.

The article is based on in‐depth interview of key stakeholders from national, regional and company trade unions, as well as company management personnel. An archive study of union and company files is also conducted.

The Chinese trade union has realised that its interests stem from both the increase of membership dues and expansion of the membership base. Unionisation in transnational corporations (TNCs) is a key approach to achieve the interests of the union, which conducts grassroots mobilisation to counteract non‐operative companies but turns a blind eye on labour interest violations in collaborative firms. From the aspect of the union, the effectiveness of unionisation depends on raising its power leverage by affording fewer duties for the workers. Labour rights and workers' demands are not the structural concern of unionisation in TNCs.

The article challenges the research framework about Chinese unionism, which mainly emphasises a state‐union relationship or draws a corporatism perspective. The article concludes that the power relationship between the union and firm has acted as the key theme of the power struggle among industrial relations actors of China.