The purpose of this study lies in exploring the role of materiality in environmental information disclosures under the securities laws of the United States and China,discussing the differences in the regulatory mechan...The purpose of this study lies in exploring the role of materiality in environmental information disclosures under the securities laws of the United States and China,discussing the differences in the regulatory mechanism,limits of enforcement,and challenges of seeking global harmonization.The paper does a comparative legal analysis of statutory provisions,judicial interpretations,and regulatory frameworks of the U.S.Securities and Exchange Commission(SEC)and the China Securities Regulatory Commission(CSRC).Furthermore,it provides frameworks of global sustainability reporting such as the Task Force on Climate-related Financial Disclosures(TCFD)and the Global Reporting Initiative(GRI).The findings show that U.S.securities law uses a financial materiality standard with respect to what companies must disclose to investors.On the other hand,China’s regulatory approach has a double materiality in considering not only financial impacts but also wider environmental and social factors.Although there are these distinctions,both of these jurisdictions face issues of common obstruction such as ambiguities in materiality determination,inconsistent enforcement,and fear of greenwashing.This paper asserts that the U.S.and China regulatory frameworks need to converge more to promote greater corporate transparency and ESG disclosures.Regulators can even align disclosure practices with internationally recognized standards of work to add confidence for investors,fight off misleading sustainability claims and ensure accountable reporting in pertinent environments.The study concludes that the green challenges of global markets can only be tackled by regulating cooperative actions and using standardized reporting guidelines.展开更多
In recent years,magneto-electro-elastic(MEE)cylindrical shells with step-wise thicknesses have shown significant potential in the field of vibration energy harvesting.To aid the design of such energy harvesting device...In recent years,magneto-electro-elastic(MEE)cylindrical shells with step-wise thicknesses have shown significant potential in the field of vibration energy harvesting.To aid the design of such energy harvesting devices,an accurate free vibration analysis of embedded MEE cylindrical shells with step-wise thicknesses is performed within the framework of symplectic mechanics.By using the Legendre transformation,a new known vector is defined to transform the higher-order partial differential governing equations into a set of lower-order ordinary differential equations.Therefore,the original vibration analysis is regarded as an eigen problem in the symplectic space,and analytical solutions can be represented by the symplectic series.In numerical examples,the new analytical solutions are compared with the existing results,and good agreement is observed.Furthermore,the effects of critical design parameters on free vibration characteristics are thoroughly investigated.All numerical results can serve as benchmarks for the development of other approximate or numerical methods.展开更多
文摘The purpose of this study lies in exploring the role of materiality in environmental information disclosures under the securities laws of the United States and China,discussing the differences in the regulatory mechanism,limits of enforcement,and challenges of seeking global harmonization.The paper does a comparative legal analysis of statutory provisions,judicial interpretations,and regulatory frameworks of the U.S.Securities and Exchange Commission(SEC)and the China Securities Regulatory Commission(CSRC).Furthermore,it provides frameworks of global sustainability reporting such as the Task Force on Climate-related Financial Disclosures(TCFD)and the Global Reporting Initiative(GRI).The findings show that U.S.securities law uses a financial materiality standard with respect to what companies must disclose to investors.On the other hand,China’s regulatory approach has a double materiality in considering not only financial impacts but also wider environmental and social factors.Although there are these distinctions,both of these jurisdictions face issues of common obstruction such as ambiguities in materiality determination,inconsistent enforcement,and fear of greenwashing.This paper asserts that the U.S.and China regulatory frameworks need to converge more to promote greater corporate transparency and ESG disclosures.Regulators can even align disclosure practices with internationally recognized standards of work to add confidence for investors,fight off misleading sustainability claims and ensure accountable reporting in pertinent environments.The study concludes that the green challenges of global markets can only be tackled by regulating cooperative actions and using standardized reporting guidelines.
基金Project supported by the Science and Technology Plan Joint Program of Liaoning Province of China(Natural Science Foundation-Doctoral Research Launch Project)(No.2024-BSLH-027)the Fundamental Research Funds for Undergraduate Universities of Liaoning Province of China(No.LJBKY2024033)+1 种基金the National Natural Science Foundation of China(No.12472064)the Natural Science Foundation of Liaoning Province of China(No.2023-MS-118)。
文摘In recent years,magneto-electro-elastic(MEE)cylindrical shells with step-wise thicknesses have shown significant potential in the field of vibration energy harvesting.To aid the design of such energy harvesting devices,an accurate free vibration analysis of embedded MEE cylindrical shells with step-wise thicknesses is performed within the framework of symplectic mechanics.By using the Legendre transformation,a new known vector is defined to transform the higher-order partial differential governing equations into a set of lower-order ordinary differential equations.Therefore,the original vibration analysis is regarded as an eigen problem in the symplectic space,and analytical solutions can be represented by the symplectic series.In numerical examples,the new analytical solutions are compared with the existing results,and good agreement is observed.Furthermore,the effects of critical design parameters on free vibration characteristics are thoroughly investigated.All numerical results can serve as benchmarks for the development of other approximate or numerical methods.
