• Title/Summary/Keyword: Size-independent

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Intellectual Capital Disclosure and Its Determinants: Empirical Evidence from Listed Pharmaceutical and Chemical Industry of Bangladesh

  • Rahman, Md. Musfiqur;Sobhan, Raihan;Islam, Md. Shafiqul
    • Asian Journal of Business Environment
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    • v.9 no.2
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    • pp.35-46
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    • 2019
  • Purpose - The purpose of this study is to find out the intellectual capital disclosure (ICD) and its determinants in the pharmaceutical and chemical industry of Bangladesh. Research design, data, and methodology - This research study is conducted on the listed firms of pharmaceutical and chemical industry in Bangladesh during the period of 2016 to 2017. This study develops a self-structured intellectual capital disclosure index; and the proxies of determinants of ICD are used as board characteristics (board size, independent directors and female directors), ownership structures (institutional ownership and director ownership), and firm characteristics (firm size, leverage and performance). The study uses a content analysis to analyze the extent of ICD and a pooled cross-sectional method to find the determinants of ICD. Research Findings - This study finds that intellectual capital disclosure is positively associated with firm size, leverage, and firm performance and negatively associated with director ownership and institutional ownership. This study also finds that there is no significant association of ICD with independent director or female director. Conclusions - The study recommends that the regulatory authority should develop mandatory guidelines on ICD for ensuring proper and consistent disclosure about the intellectual capitals. Besides, the companies should include a separate section in the annual reports to disclose the measurement and management of intellectual capital.

A Rendezvous Router Decision Algorithm Considering Routing Table Size (라우팅 테이블의 크기를 고려한 랑데부 라우터 선정 알고리즘)

  • Cho, Kee-Seong;Jang, Hee-Seon;Kim, Dong-Whee
    • The KIPS Transactions:PartC
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    • v.13C no.7 s.110
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    • pp.905-912
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    • 2006
  • Depending on the location of the rendezvous point (RP), the network efficiency is determined in the core based tree (CBT) or protocol independent multicast-sparse mode (PIM-5M) multicasting protocol to provide the multicast services based on the shared tree. In this paper, a new algorithm to allocate the RP using the estimated values of the total cost and the size(number of entries) of the routing tables is proposed for efficiently controlling the cost and the number of routing table entries. The numerical results show that the proposed algorithm reduces the total cost in 5.37%, and the size of routing tables in 13.35% as compared to the previous algorithm.

Board Characteristics and Capital Structure: Evidence from Thai Listed Companies

  • THAKOLWIROJ, Chalisa;SITHIPOLVANICHGUL, Juthamon
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.861-872
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    • 2021
  • This study examines the relationship between board characteristics and capital structure. Data was collected from the annual reports of listed companies in the Stock Exchange of Thailand, from 2015 to 2017, which totaled 1,264 firm-year observations. The study uses multiple regression analysis to analyses the data by using independent variables, including board size, outside directors, managerial ownership, CEO duality, frequency of board meetings, board experience, and gender to measure board characteristics and the total debt ratio for capital structure. Research findings show that the more independent the directors are, the lower the cost of debt financing is, as they control the management team more strictly about debt financing than directors with less independence do. Additionally, the results reveal that the higher the percentage of managerial ownership, the higher the level of leverage and debt financing, whereas board size and board meetings have a negative relationship to capital structure. Further research showed that firm size, growth opportunities and corporate governance rating all had a positive significant impact on capital structure. The findings of this study suggest that the presence of proper corporate governance leads to better funding mechanisms as it ensures that the company is in a better position to obtain external funding.

Effect of medium coarse aggregate on fracture properties of ultra high strength concrete

  • Karthick, B.;Muthuraj, M.P.
    • Structural Engineering and Mechanics
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    • v.77 no.1
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    • pp.103-114
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    • 2021
  • Ultra high strength concrete (UHSC) originally proposed by Richards and Cheyrezy (1995) composed of cement, silica fume, quartz sand, quartz powder, steel fibers, superplasticizer etc. Later, other ingredients such as fly ash, GGBS, metakaoline, copper slag, fine aggregate of different sizes have been added to original UHSC. In the present investigation, the combined effect of coarse aggregate (6mm - 10mm) and steel fibers (0.50%, 1.0% and 1.5%) has been studied on UHSC mixes to evaluate mechanical and fracture properties. Compressive strength, split tensile strength and modulus of elasticity were determined for the three UHSC mixes. Size dependent fracture energy was evaluated by using RILEM work of fracture and size independent fracture energy was evaluated by using (i) RILEM work of fracture with tail correction to load - deflection plot (ii) boundary effect method. The constitutive relationship between the residual stress carrying capacity (σ) and the corresponding crack opening (w) has been constructed in an inverse manner based on the concept of a non-linear hinge from the load-crack mouth opening plots of notched three-point bend beams. It was found that (i) the size independent fracture energy obtained by using above two approaches yielded similar value and (ii) tensile stress increases with the increase of % of fibers. These two fracture properties will be very much useful for the analysis of cracked concrete structural components.

Corporate Governance and Performance of Insurance Companies in the Saudi Market

  • OSMAN, Mohamed Abdel Mawla;SAMONTARAY, Durga Prasad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.213-228
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    • 2022
  • This paper investigates the association between key corporate governance characteristics and the performance of general insurance businesses listed on the Saudi stock exchange (TADAWUL). The methodology for the study is based on a pooled data collection for 11 Saudi general insurance companies from 2011 to 20. The linear regression model and the logarithm regression model are suggested to assess the relationship between performance and corporate governance characteristics. The dependent variable is firm performance measured using ROA, ROE, and Tobin's Q. The independent variables are corporate governance variables consisting of a complete set of board and audit committee characteristics. Insurer-specific control variables are introduced. The empirical results reveal that the characteristics of corporate governance influence the performance of insurance companies. In particular, the board size, board's tenure, the proportion of independent directors in the board, audit committee size, audit committee meeting frequency, and proportion of health insurance premiums have a positive impact. However, audit committee independence, size of the company, and proportion of reinsurance premiums have a negative impact on the performance of the Saudi general insurance companies. Finally, the empirical results indicated also that there is an unclear relationship between the performance and board meeting frequency, compensations of the Board, and the average age of the Board.

An Empirical Study on Open Government Data: Focusing on ODB and OUR Index (공공데이터 개방에 관한 실증연구: ODB와 OUR Index를 중심으로)

  • Seo, Hyung-Jun
    • Informatization Policy
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    • v.24 no.1
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    • pp.48-78
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    • 2017
  • In this study, to reveal determinant factors for degree of open data it conduct empirical analysis for ODB(Open Data Barometer) and OUR Index(Open, Useful, Reusable Government Data Index) that are global open data index among 26 countries. As a result of multiple regression analysis, First focus is on ODB. In the Model 1 with independent variables, e-Government, SW Market size and government efficacy are significantly positive effect for ODB. In the Model 2 with independent variables and moderating variable, e-Government, SW market size and social capital are significantly positive effect for ODB. In the Model 3 with independent variables, moderating variable and interaction term, e-Government and social capital are significantly positive effect for ODB. Second focus is on OUR Index. In the Model 1 and the Model 2 e-Government is significantly positive effect for OUR Index. In the Model, e-Government and SW market size ${\times}$ social capital(interaction term) are significantly positive effect for OUR Index. And in path analysis, only ODB alternative model show Government efficacy with social capital has full mediation effect. In OUR Index alternative model there is no mediation effect with social capital.

Sample size determination in dental research (치의학 연구에서의 표본크기 산출)

  • Lim, Hoi-Jeong
    • The Journal of the Korean dental association
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    • v.52 no.9
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    • pp.558-569
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    • 2014
  • Sample size determination is critical, but not easy to do. Sample size defined as the number of observations in a sample to be studied should be big enough to have a high likelihood of detecting a true difference between groups. Practical procedure for determining sample size, using $G^*$power and previous dental articles, was shown in this study. Examples involving independent t-test, paired t-test, one-way analysis of variance(ANOVA), and one-way repeated-measures(RM) ANOVA were used. The purpose of this study is to enable researchers with non-statistical backgrounds to use in practice freely available statistical software G*power to determine sample size and power.

Development of Control System of Twin-Fluid Nozzles for Controlling Spraying Rate and Droplet Size (이류체노즐을 이용한 분무량과 분무입경 제어시스템 개발)

  • 이중용;안형철;정창주
    • Journal of Biosystems Engineering
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    • v.25 no.1
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    • pp.11-18
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    • 2000
  • In precision chemical application increment of biological efficacy with less chemical is the virtue. spraying rate and droplet size is closely related to biological efficacy. this study was performed to develope a spray-control-system that could control spraying rate and droplet size independently. Twin-fluid nozzles were selected and tested to certify if the nozzles were suitable for the objective of this study. Characteritics of the nozzles i.e., spraying rte and droplet size change u8nder the changes of spraying pressure and air pressure were statistically modeled. The model had I to 1 matching property between dependent variables and independent variables. Using the property and the model, inverse relationship could be determined between variables. A feedback spray control system was developed and tested with predetermined error of 5 % in pressure. The system showed 4 % error in spraying rate and 9 % error in droplets size. Performance of the system could be upgraded by fine tuning but, in practical sense keeping air pressure in the field sprayer was the bottle neck of commercialization of the spray system.

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