The effect of the revision of intangible assets accounting standards on enterprise technology innovation

Against the institutional background of building an innovative country, this article constructs the influence mechanism of the accounting standards for intangible assets for enterprise technology innovation. We select panel data from the Shanghai Stock Exchange and Shenzhen Stock Exchange from 2002 to 2015. We focus on the two dimensions of innovation input and innovation output and use Poisson regression, negative binomial regression, zero expansion regression, and other methods to examine the effects of the revision of the intangible assets accounting standards on enterprise technology innovation. Our research reveals the following: (1) In general, the revision of the intangible assets accounting standards can promote enterprises’ technological innovation activities; (2) This effect is heterogeneous by ownership: before the revision of accounting standards for intangible assets, state-owned enterprises had more innovation input than non-state-owned enterprises, but the innovation output of nonstate-owned enterprises has become greater than that of stateowned enterprises even though the policy only significantly improved the innovation output of the latter; and (3) The system lacks a continuous effect. The revision of the intangible assets accounting standards has only a one-year lag effect on the incentive effect of enterprise innovation input activities, mainly because enterprise innovation input has only a one- to two-year lag effect on output. The implementation of this system has not changed the status quo that Chinese patent rights are based on applied short-term technology research and development. Based on the findings, this article proposes some pertinent policy suggestions

Vortex-Induced Vibration of a Marine Riser: Numerical Simulation and Mechanism Understanding

Marine riser is a key equipment connecting a floating platform and a seabed wellhead. Vortex-induced vibration (VIV) is the main cause of the fatigue damage of the riser. The prediction of marine riser VIV is very difficult because of its strong non-linearity, instability and uncertainty. In recent years, many numerical models of VIV of marine riser have been developed to explore the mechanism of marine riser VIV, providing scientific theoretical basis and practical engineering methods for vibration control and engineering design of marine riser. Combined with the authors’ own recent research, this chapter discusses the research progress on marine riser VIV in the ocean engineering, including phenomenon mechanism analysis and different numerical research methods

Thingking and utilization technology of coalbed methane in soft and low permeability coal seams in Huainan Mining Area

In order to solve the problems that restrict the efficient development of coalbed methane resources under the conditions of soft and low permeability outburst coal seams in Huainan Mining Area, such as complex coal seam structure, multi-source gas emission, rapid decline of drainage flow, high rock roadway and drilling costs, and low (ultra-low) concentration coalbed methane utilization rate, six key technologies suitable for the coordinated development mode of coal and coalbed methane under the condition of coal seam group mining in Huainan mining area are put forward, namely: coalbed methane extraction technology of ground level staged fracturing wells, shield rapid construction technology of coalbed methane extraction roadways, enhanced extraction technology of underground soft coalbed methane, coalbed methane extraction technology of pressure relief in ground mining area, the construction technology of "replacing roadways with holes", and cascade utilization technology of low concentration coalbed methane. The application of supporting key technologies shows that staged fracturing technology and refined drainage and production technology of roof horizontal wells in broken and soft coal seam have effectively improved the pre pumping production of coalbed methane; The full face hard rock roadheader in deep coal mine roadway greatly improves the roadway excavation efficiency, realizing the automation and less humanization of hard rock excavation; Sand adding of hydraulic fracturing and ultra-high hydraulic slotting have realized pressure relief and permeability enhancement in large areas underground coal mine; Type III and IV surface mining area wells can replace the roof high drainage roadway in the treatment of pressure relief gas in coal seam group mining, and reduce the coalbed methane drainage intensity of other measures; The technology of "replacing roadways with holes" has significantly improved the quality of successful directional drilling at middle and high levels in complex roof; Cascade utilization technology of low concentration coalbed methane has greatly reduced the emission of coalbed methane. The six key technologies have guaranteed the safe production in Huainan mining area, and comprehensively improved the output of coal and coalbed methane and the utilization level of coalbed methane. Six key technologies ensure the safe production in Huainan mining area, and comprehensively improved the output of coal and coalbed methane and the utilization level of coalbed methane. Finally, in view of the problems such as high operation cost, low production, small scope of hydraulic fracturing coal reservoir reconstruction technology for surface horizontal wells, and the risk of breakage of mining wells, and small scale of cascade utilization of ultra-low concentration coalbed methane, the development direction of deep CBM precise geological guidance, super large scale efficient reservoir volume transformation, pumping effect evaluation technology, stable and continuous pumping technology of surface wells in mining areas, underground large area intelligent hydraulic enhanced permeability technology, "one well with multiple uses" collaborative pumping CBM technology, and full concentration CBM comprehensive utilization technology are proposed

The Chinese stock dividend puzzle

In this paper, we examine the announcement effects of dividends with an emphasis on stock dividends in China's capital market. We find that dividend-paying stocks exhibit significantly positive abnormal returns while non-dividend-paying stocks show a negative announcement effect. Further, we document that the cumulative abnormal returns for pure stock dividends and combined dividends are the main drivers of this announcement effect. In contrast, pure cash dividend stocks experience no significant price run-up before announcement. The significant announcement effect of stock dividends is robust to controlling the earnings surprise effect. We offer some discussion of the possible explanations

Shark Skin—An Inspiration for the Development of a Novel and Simple Biomimetic Turbulent Drag Reduction Topology

In this study, a novel but simple biomimetic turbulent drag reduction topology is proposed, inspired by the special structure of shark skin. Two effective, shark skin-inspired, ribletted surfaces were designed, their topologies were optimized, and their excellent drag reduction performances were verified by large eddy simulation. The designed riblets showed higher turbulent drag reduction behavior, e.g., 21.45% at Re = 40,459, compared with other experimental and simulated reports. The effects of the riblets on the behavior of the fluid flow in pipes are discussed, as well as the mechanisms of fluid drag in turbulent flow and riblet drag reduction. Riblets of various dimensions were analyzed and the nature of fluid flow over the effective shark skin surface is illustrated. By setting up the effective ribletted surface on structure’s surface, the shark skin-inspired, biomimetic, ribletted surface effectively reduced friction resistance without external energy support. This method is therefore regarded as the most promising drag reduction technique

Anti-Collision Assessment and Prediction Considering Material Corrosion on an Offshore Protective Device

Corrosion deterioration of steel can heavily degrade the performance of marine and offshore structures. A typical steel protective device, which has worked for a dozen years in a river estuary, is selected as the research object. Its current corrosion response is measured on site and its further corrosive response is predicted based on measurement data and the structure’s current state. Nonlinear finite element method is utilized to analyze the degradation of the protective device’s anti-collision performance. Meanwhile the rubber buffer effect has been investigated for its anti-collision on the protective device. A prediction method is proposed that can accurately forecast degradation of the anti-collision performance of a protective device as time progresses

A Novel Scheme for MIMO-SAR Systems Using Rotational Orbital Angular Momentum

The vortex electromagnetic (EM) wave with orbital angular momentum (OAM) brings a new degree of freedom for synthetic aperture radar (SAR) imaging, although to date, its application to multi-input multi-output (MIMO) SAR has not yet been widely reported. In this paper, an orbital angular momentum (OAM)-based MIMO-SAR system is proposed. The rotational Doppler Effect (RDE) of vortex EM waves offers a novel scheme for an OAM-based MIMO-SAR system. By transmitting the rotational vortex EM waves, echoes of different OAM modes can be discriminated by a bandpass filter in the range-Doppler domain. The performance of the proposed scheme is independent of the time-variant channel responses, and the wider beam width of the vortex EM waves delivers, for the same antenna aperture size, better performance in terms of swath width and azimuth resolution, in contrast to the plane EM waves. Moreover, the spatial diversity of vortex EM waves shows great potential to enhance the MIMO-SAR system applications, which involve high-resolution wide-swath remote sensing, 3-D imaging, and radar-communication integration. The proposed scheme is verified by proof-of-concept experiments. This work presents a new application of vortex EM waves, which facilitates the development of new-generation and forthcoming SAR systems