To reduce production cost and inhibit the aggregation of graphene, graphene oxide and copper nitrate solution were used as raw materials in the paper. Cu particles were introduced to the graphene nanosheets by in-situ chemical reduction method in the hydrazine hydrate and sodium hydroxide solution, and the copper matrix composite reinforced with Cu-doped graphene nanosheets were fabricated by powder metallurgy. The synthesized Cu-doped graphene was characterized by scanning electron microscopy (SEM), transmission electron microscopy (TEM) and X-ray photoelectron spectroscopy (XPS). The relative density, hardness, electrical conductivity and tensile strength of the copper matrix composite reinforced with Cudoped graphene were measured as well. The results show that copper ions and graphene oxide can be effectively reduced by hydrazine hydrate simultaneously. Most of oxygen functional groups on the Cu-doped graphene sheets can be removed dramatically, and Cu-doped graphene inhibit the graphene aggregation effectively. Within the experimental range, the copper matrix composites have good comprehensive properties with 0.5 wt% Cu-doped graphene. The tensile strength and hardness are 221 MPa and 81.6 HV, respectively, corresponding to an increase of 23% and 59% compared to that of pure Cu, and the electrical conductivity reaches up to 93.96% IACS. However, excessive addition of Cu-doped graphene is not beneficial for the improvement on the hardness and electrical conductivity of copper matrix composite.

Purpose – In this article, a dynamic model like a VAR is an appropriate choice for estimating the possible interrelationship between ownership structure and firm performance as a dynamic process. Research design, data, and methodology – Data of this work are collected from Chinese stock exchange including 350 Chinese-listed firms during the period of 1999-2012. We hypothesize that this interrelationship dynamically exists between ownership structure and firm performance. To examine the correlation, a panel Vector Auto-regression (PVAR) approach generated by GMM method is utilized to test the possible dynamic relation embedded in corporate governance. Another two dynamic analysis solutions such as orthogonalized impulse-response function and variance decomposition are also used simultaneously. Results – Findings of this study indicate the evidence that dynamically endogenous relationship exists between ownership structure and firm performance. Further, there is a dynamical correlation between investment and performance. Impulse response and variance decomposition illustrate that impact of a shock to variables themselves is the main source for their variability. Conclusions – The conclusion in this study is that there is a bidirectional and inter-temporal effect between proportion of ownership and corporate performance for a long run in accordance with impulse response function. Overall, our results suggest that corporate governance in China is more market oriented.

Purpose This study first explores – the possible dynamic relationship between ownership structure and firm performance using a panel of 4,900 Chinese-listed small- and medium-sized enterprises (SMEs) from 1999 to 2012. Research design, data, and methodology – We address this issue through a dynamic panel model using a method of moments (GMM) technique and dynamic simultaneous equations to alleviate the potential endogenous problem: unobserved heterogeneity, simultaneity, and dynamic endogeneity. Results – Under the framework of dynamic endogeneity, firm performance has a significantly positive influence on ownership, but not vice versa. Ownership and performance can be explained by their owned lagged values, respectively. Moreover, intertemporal endogeneity exists among ownership, investment, and performance through the application of system dynamic equations, which implies that the relationship among ownership structure, investment, and firm performance is dynamic by nature. Conclusions – This study also significantly contributes to a better understanding of dynamic corporate governance by providing further empirical evidence from the largest capital market in the Asian region.