The relationship between environmental disclosure and financial performance: mediating effect of economic development and information penetration

What’s the relationship between environmental disclosure and financial performance? To answer this question, our study focus on the heavy polluting enterprises in China from 2008 to 2019 to investigate the relationship between environmental disclosure and financial performance as well as the mediating effect of provincial level characteristics namely economic development and information penetration using hierarchical linear model (HLM). Findings show that there is positive relationship between both mandatory environmental disclosure and voluntary environmental disclosure and financial performance; economic development positively relates to corporate financial performance, and it also strengthens the relationship between environmental disclosure and financial performance; information penetration positively relates to corporate financial performance, but it weakens the relationship between environmental disclosure and financial performance. As time goes on, corporate financial performance will significantly rise in general

What Road Elements are More Important than Others for Safe Driving on Urban Roads?

Road elements are increasingly digitalized to provide drivers advanced assistance especially in the emergent or adverse conditions. It is challenging and expensive to accurately digitalize all the road elements especially on the urban roads with many infrastructures and complex designs, where we may focus on the most important ones at the first stage. This research designs a questionnaire to ask the drivers to rank the importance of the road elements in various driving conditions. Driver characteristics are also collected, including age, driving style, accident experience, and accumulated driving distance, to explore their effect on drivers’ cognition of road elements importance. It is found that driving is a complex activity, and the moving elements (e.g. surrounding cars) are more important than the non-moving ones. Attention should be paid to the road elements even distant from the ego car, to get prepared to the potential driving risk or penalty. Statistical difference between the experienced and non-experienced drivers recommends that driver assistance system should be sufficiently trained in various conditions, to build up autonomous driving tactics and skills. This research promotes the understanding of driving cognition pattern to provide insights into the development of road digitalization

Exploring diastereoselectivity mechanism of L-threonine aldolase

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