Search

Using panel data for Chinese listed firms from 2009 to 2015, this research examines the impact of the green credit policy on the audit fees of heavily polluting firms by adopting a difference-in-difference (DID) model. The results show that the green credit policy increases the audit fees of heavily polluting firms, suggesting that auditors can perceive the risks imposed by the green credit policy on heavily polluting firms. Mechanism tests reveal that the implementation of the green credit policy increases audit fees by increasing the financing cost and reducing the loan maturity. Further research shows that the positive effect is more significant in regions with stronger regulatory environments and higher trust, and among firms without political connections and audited by the top-ten domestic audit firms. The Chinese government should actively encourage third-party financial institutions to participate in firms' environmental governance. [ABSTRACT FROM AUTHOR]

Monomer cast nylon was incorporated with different contents of kaolin, which is grafted with poly (ethylene glycol diglycidyl ether) via in-situ polymerization. The influence of treated-kaolin and kaolin contents on composites properties was studied. Treated-kaolin has a better effect on the properties of nylon than kaolin. Thermogravimetric analysis and Differential scanning calorimetry analysis show that that the feeding of kaolin improved thermal stability and crystallinity of nylon. The results indicate that using treated-kaolin as reinforcement, the composites displayed remarkable mechanical properties, the tensile strength and notched impact strength are 83.6 MPa and 4.46 MPa, respectively. The water absorption capacity of composites was greatly reduced by 50% with the feeding of kaolin. [ABSTRACT FROM AUTHOR]