Interference of Local Government, Industrial Concentrative Rate and Corporate Diversification

This paper studies the effects of internal and external environments on the strategic decision-making of diversification using the cross-sectional data of China＇s 1 033 non-financial listed companies in Shenzhen and Shanghai Exchange. Corporate external-environment is substituted by index of marketization and market concentrative rate, and internal-environment is substituted by governance framework and financial status. The multi-regression analysis shows that the strategic decision-making of diversification is prominently affected by external factors such as index of marketization and market concentrative rate, and is significantly negative related to the proportion of state-owned shares and corporate shares. There is no correlation between diversification and whether directors hold concurrently, or manager compensation, cash flow, and debt ratio.

Suspended sediment dynamics in the meltwater of Chhota Shigri glacier, Chandra basin, Lahaul-Spiti valley, India

Present study shows suspended sediment dynamics in the meltwater of Chhota Shigri glacier,Himachal Pradesh,India for different melt seasons during the period 2011-2014.Maximum suspended sediment concentration in the meltwater was found during the month of July 2011,2012 and 2014 constituting to 55.2%,48.3% and 46.9%,respectively.Whereas in 2013,maximum suspended sediment concentration was observed in August accounting for46.1% of the total.On the other hand,maximum suspended sediment load was monitored in the month of July 2011,2012 and 2014 constituting 59.5%,63% and 55.7% of the total,respectively.Whereas in2013,maximum suspended sediment load was observed in the month of August accounting for 49.8% of the total suspended sediment load.Annual distribution of suspended sediment concentration(SSC)and suspended sediment load(SSL)in the Chhota Shigri glacier shows higher value of SSC and SSL during the study period 2012 and 2013,which may be due to the presence of high glacial runoff and negative mass balance of the studied area during these time periods.Marked diurnal variation has been observed in the SSC of meltwater.Strong correlation was observed between SSC and SSL with discharge.On the other hand,SSC and SSL also showed strong exponential correlation with air temperature of the studied area.Sediment yield from the catchment of Chhota Shigri glacier is high during the peak melt season(July and August)and low during the late melt season(September and October).The average value of erosion rate for Chhota Shigri glacier basin during the study period 2011-2014 was calculated to be 1.1mm/yr,which is lower than the average erosion rate of other Himalayan glaciers such as Rakiot,Chorabari and Gangotri glaciers,which may be caused by its geological setting containing high erosion resistant rocks such as granite,granite gneiss and porphyritic granite.

Niobium and phosphorus behavior during melting-separation process of pre-reduced niobium ore concentrate

The pre-reduced Bayan Obo ferroniobium（FeNb）ore concentrate block was taken as raw materials for studying the physical properties of niobium-enriched slag and changes in niobium recovery rate.In addition,the dephosphorization rate of the slag under different melting-separation conditions was investigated using the melting-separation test.The research results demonstrate that（i）the niobium recovery rate and dephosphorization rate of the slag decrease with the increase in melting-separation temperature;（ii）the niobium recovery rate of the slag initially increases and then decreases with increase in basicity and time;and（iii）the dephosphorization rate of the slag increases with the increase in basicity and time.When the test was performed under the conditions of basicity of 0.6-0.7,time of 7-10min,and temperature of 1400-1450°C,the niobium recovery rate and dephosphorization rate are over 96%and 95%,respectively.By scanning electron microscopy,it is observed that niobium mainly exists in the form of calcium and titanium silicate within the slag phase,with uneven distribution.

A simulation study of airborne wear particles from laboratory wheel-rail contacts

Laboratory measurements of airborne particles from sliding contacts are often performed using a tri- bometer located in a ventilation chamber. Although knowledge of particle transport behavior inside the chamber is required because it can influence the analysis of measurements, this knowledge is lacking. A numerical model was built based on the same geometry as a pin-on-disc measurement system to explain particle transport behavior inside the chamber and to determine the deviation between real amounts of generated and measured particles at the outlet. The effect of controlled flow conditions on the airflow pattern and particle transport inside the chamber was studied for different experimental conditions. Cal- culations show that a complex airflow pattern is formed by the spinning disc, and that it differs for each rotational speed. Simulation results reveal that particle transport in the chamber is governed mainly by the airflow pattern. The deposition velocity in the chamber was estimated and the possibility that part of the generated particles would remain in the chamber was studied. This led to an approximate estima- tion of particle loss rate. A comparison between experimental and simulated results with respect to the particle mass flow rate close to the outlet yields a reference factor of 0.7, which provides an indication of the difference between measured and real values.