As the involvement of Chinese enterprises in cross-border mergers and acquisitions (M&A) increases, on the one hand, it can drive enterprises to integrate with the international community and accelerate their transformation and upgrading, continuously enhancing their international competitiveness; on the other hand, it will also cause enterprises to experience more setbacks and challenges, especially the “weak acquisition of the strong” reverse cross-border acquisitions, which makes enterprises face a higher risk of failure. Reasonable control rights allocation can fully utilize the competitive advantages of enterprises, achieve synergistic cooperation among shareholders, board of directors, and management, promote the realization of enterprises’ cross-border acquisition goals, and thus enhance the value creation of acquisitions. There is a positive correlation between internal legitimacy and acquisition performance; the relevant assumptions about the distribution of shareholder control rights are invalid; the control rights at the board of directors level are negatively correlated with internal legitimacy and acquisition performance, and internal legitimacy has a mediating effect between the control rights at the board of directors level and acquisition performance, but the moderating effect of the acquisition mode is not significant; the control rights at the management level are negatively correlated with internal legitimacy and acquisition performance, and internal legitimacy has a mediating effect between the control rights at the management level and acquisition performance, and the acquisition mode negatively moderates the relationship between the control rights at the management level and internal legitimacy. This study takes the post-acquisition control rights allocation as the entry point, and examines the cross-border acquisition activities of Chinese enterprises from the perspective of stakeholders. The research results not only can enrich existing acquisition theory, but also can provide theoretical guidance for Chinese enterprise managers on allocation of control of target enterprises, and provide a theoretical basis for the state to formulate and optimize the system and policies of enterprises’ cross-border acquisitions.

This paper analyzes the current situation of China's athletic training research in the 20 years since entering the new century from various angles, mainly including the continuous improvement of the item group training theory, the re-examination of the time factor of athletic training, and paying more attention to the combination of competition and education, etc. At the same time, China's athletic training has been analyzed in the development of the new century, which mainly includes the all-round intervention of modern science and technology, the expansion of the theory of athletic training to the theory of competition, the deeper development of the research of athletic training theory, and the humanistic factors will be more important. At the same time, it analyzes the development of athletic training in China in the new century, including the all-round intervention of modern science and technology, the expansion of athletic training theory to competitive sports theory, the deeper development of athletic training theory, and the more emphasis on humanistic factors.

This study examines the economic feasibility of the environment-friendly farmland use policy to improve water quality. Conventional highland farming, polluting the Han River basin in South Korea, can be converted into environment-friendly farming through land acquisition or application of pesticide-free or organic farming practices. We estimate the welfare measures of improvement in water quality and the costs of policy implementation for economic analysis. To estimate the economic benefit of improvement in water quality experienced by the residents residing in mid-and-downstream areas of the Han River, the choice experiment was employed with a pivot-style experimental design approach. In the empirical analysis, we converted the household perception for water quality grades into scientific water quality measures using Water Quality Standard to estimate the value of changes in water quality. To analyze the costs required to convert conventional highland farmlands into environment-friendly farmlands, we estimated the relevant cost of land acquisition and the subsidy necessary for farm income loss for organic agricultural practice. We find that the agri-environmental policy is economically viable, which suggests that converting conventional highland farming into environment-friendly farming would make the improvement in water quality visible.

In agriculture, crop yield and quality are critical for global food supply and human survival. Challenges such as plant leaf diseases necessitate a fast, automatic, economical, and accurate method. This paper utilizes deep learning, transfer learning, and specific feature learning modules (CBAM, Inception-ResNet) for their outstanding performance in image processing and classification. The ResNet model, pretrained on ImageNet, serves as the cornerstone, with introduced feature learning modules in our IRCResNet model. Experimental results show our model achieves an average prediction accuracy of 96.8574% on public datasets, thoroughly validating our approach and significantly enhancing plant leaf disease identification.