Vishal Shukla, Sanjeev Prashar and M. Ramkumar
This study seeks to investigate the ability of blockchain technology (BCT) to increase circular economy (CE) practices in the electronics industry, emphasising India and Taiwan.
Abstract
Purpose
This study seeks to investigate the ability of blockchain technology (BCT) to increase circular economy (CE) practices in the electronics industry, emphasising India and Taiwan.
Design/methodology/approach
The study adopts a mixed-methods approach. Initial qualitative semi-structured interviews examined how BCT could inform CE practice. The qualitative aspects were followed by the Analytical Hierarchy Process (AHP), integrating qualitative and quantitative approaches, and fuzzy-set Qualitative Comparative Analysis (fsQCA), to analyse data from 391 industry experts surveyed.
Findings
The results show that the BCT has great potential to promote CE processes by improving the aspects of security, transparency and traceability. BCT adoption is driven by a conducive regulatory regime, stakeholder collaboration, and the availability of required technology.
Research limitations/implications
By identifying key drivers and requisite requirements for successful BCT adoption in CE practices, this research offers critical guidance for policymakers, practitioners and researchers. It adds to the wider conversation about how emerging technologies can support sustainability and efficiency in industry.
Originality/value
This study contributes to the literature by providing a new lens to study BCT and CE practices intersectionality, particularly in the context of the emerging electronics industry and in countries such as India and Taiwan. Unlike previous research that studied either BCT or CE independently, this study uniquely illustrates how the principles underpinning these concepts, when implemented together, can positively impact sustainability outcomes within a resource-intensive industry notorious for generating highly significant waste streams.
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Ravindra Nath Shukla, Vishal Vyas and Animesh Chaturvedi
We aim to analyze the capital structure heterogeneity for manufacturing and service sector firms. Additionally, we analyze the impact of the COVID-19 pandemic on the leverage…
Abstract
Purpose
We aim to analyze the capital structure heterogeneity for manufacturing and service sector firms. Additionally, we analyze the impact of the COVID-19 pandemic on the leverage adjustments of corporate firms.
Design/methodology/approach
This study applies the two-step system generalized method of moments (system-GMM) and panel data of 1,115 manufacturing and 482 service sector firms listed with the Bombay Stock Exchange (S&P BSE) from 2010 to 2023. We developed and analyzed three models. Model 1 analyzes the leverage determinants and speed of adjustment (SOA) for the manufacturing and service sectors. Model 2 evaluates the leverage SOA for various sub-sectors, and Model 3 analyzes the impact of the COVID-19 pandemic on the leverage SOA.
Findings
This study suggests the three following. First, the direction of leverage determinants suggests that manufacturing firms are highly tangible. In contrast, service sector firms are high-growth firms and recorded a higher SOA (12.01%) than manufacturing (9.09%). Second, analyzing the leverage heterogeneity, we found that SOA varies across the sub-sectors. For manufacturing, food and beverage sub-sector recorded the highest SOA (12.58%), while consumer durables reported the lowest (6.38%). Communication recorded the highest (24.15%) for services, while industrial services recorded the lowest (11.18%). Third, firms across sectors and sub-sectors increased their SOA during COVID-19 pandemic.
Research limitations/implications
This in-depth analysis of leverage heterogeneity for different sectors and subsectors will assist policymakers, corporate managers and other stakeholders in making agile financial decisions.
Originality/value
The analysis of leverage heterogeneity for the manufacturing and service sector from the emerging Indian economy marks a novel contribution to existing literature.
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Abhinav Shard, Mohinder Pal Garg and Vishal Gupta
The purpose of this study is to explore the machining characteristics of electrical discharge machining (EDM) when a tool is fabricated using powder metallurgy. Because pure Cu…
Abstract
Purpose
The purpose of this study is to explore the machining characteristics of electrical discharge machining (EDM) when a tool is fabricated using powder metallurgy. Because pure Cu tools obtained using conventional machining pose problems of high tool wear rate, tool oxidation causes loss of characteristics in tool shape.
Design/methodology/approach
The research investigation carried out experiments planned through Taguchi’s robust design of experiments and used analysis of variance (ANOVA) to carry out statistical analysis.
Findings
It has been found that copper and chromium electrodes give less metal removal rate as compared to the pure Cu tool. Analytical outcomes of ANOVA demonstrated that MRR is notably affected by the variable’s polarity, peak current, pulse on time and electrode type in the machining of EN9 steel with EDM, whereas the variables pulse on time, gap voltage and electrode type have a significant influence on EWR. Furthermore, the process also showed that the use of powder metallurgy tool effectively reduces the value of SR of the machined surface as well as the tool wear rate. The investigation exhibited the possibility of the use of powder metallurgy electrodes to upgrade the machining efficiency of EDM process.
Research limitations/implications
There is no major limitation or implication of this study. However, the composition of the powders used in powder metallurgy for the fabrication of tools needs to be precisely controlled with careful control of process variables during subsequent fabrication of electrodes.
Originality/value
To the best of the authors’ knowledge, this is the first study that investigates the effectiveness of copper and chromium electrodes/tools fabricated by means of powder metallurgy in EDM of EN9 steel. The effectiveness of the tool is assessed in terms of productivity, as well as accuracy measures of MRR and surface roughness of the components in EDM machining.