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The purpose of this paper is to examine the association between debt maturity structure and stock price crash risk in Australia.

The authors employ panel data estimation with industry and year fixed effects. The paper uses a sample of 1,548 publicly listed Australian firms (8,661 firm-year observations) covering the 2000–2015 period.

Stock price crash risk is positively and significantly associated with the long-term debt maturity structure of firms. In addition, this positive association is more pronounced for firms with a more opaque information environment.

This is the first study to examine stock price crash risk in Australia. The findings are value relevant as it uncovers how debt maturity structure affects shareholders' wealth protection.

IT is the painful experience of all who engage in experimental work of a type to which they are not accustomed, that they may easily spend more time in rectifying faults in their equipment or technique than in producing useful data. Information on these points has, therefore, considerable value to the investigator, but the supply of such information has hitherto been scanty. One reason for this, as regards research on internal combustion engines, is that, except for Government Establishments, which are naturally uncommunicative, and Universities, whose work is mainly educational rather than experimental, there are few organisations which carry out research on a scale wide enough to amass a large body of experience. One such firm is Messrs. Ricardo & Co., Ltd., who have been engaged on work of this kind for the last fifteen years. The description in these pages of their Shoreham Laboratory, and of their experimental methods, should, therefore, be of use to many. The writers (who are on the staff or Messrs. Ricardo & Co.) realise that the requirements of experimental work vary enormously, and that methods which suit their needs may not suit the needs of others. They have endeavoured, therefore, to explain not only how things are done, but why they are done in that particular way, and thus to give their readers an insight into the factors governing the choice of method, which they can apply to their own particular problems.

IN research or development work on aero engines there are many occasions when it is desirable, or sometimes essential, to obtain temperature readings under somewhat difficult conditions. In many cases it is possible for serious errors to arise, under conditions which make their detection difficult, and the writer, therefore, thinks that the information he has gained in dealing with these problems may be of value to others.

IN the first part of this article a description of the apparatus used for engine testing and research was given. The actual procedure in carrying out tests on an engine will now be described.

This study examines the impact of debt maturity structure on stock price crash risk (SPCR) in Asian economies and the moderating effect of firm age on this relationship.

The study utilized annual data from 432 nonfinancial firms publicly listed in six Asian countries: China, Hong Kong, Japan, Singapore, Pakistan and India. The observation period covers 14 years, from 2007 to 2020. The sample was categorized into three groups: the entire sample and one group each for developing and developed Asian economies. A generalized least squares panel regression method was employed to test the research hypotheses.

The results suggest that long-term debt has a significant negative influence on SPCR in Asian economies, indicating that firms with high long-term debt experience lower future SPCR. Moreover, firm age negatively moderates this relationship, implying that older firms may experience a more pronounced reduction in SPCR due to high long-term debt. Finally, firms in developed Asian economies with high long-term debt are more effective in mitigating the risk of a significant drop in their stock prices than firms in developing Asian economies.

This study contributes to the literature in several ways. To the best of the researcher’s knowledge, this is the first of such efforts to investigate the relationship between debt maturity structure and crash risk in Asia. Additionally, it reveals that long-term debt influences SPCR directly and indirectly in Asia through the moderating role of firm age. Lastly, it is likely one of the first studies by a research team in Asia to compare the nonfinancial markets of developed and developing Asian countries.

THE problem of the dissipation and transfer of heat is one that is becoming of increasing importance in aircraft with the introduction of gas‐turbines and jet propulsion as well as in view of the prospects of flight at high altitudes. We are therefore printing below summaries of all the papers read at the recent Anglo‐American conference on the subject, although some of them are not directly concerned with aeronautical applications.

Longfield Chemicals Ltd. of Penketh, Warrington have appointed technical representative Douglas Hodgson to their sales team.

The purpose of this paper is to determine whether bank debt‐maturity decisions are conditioned by growth opportunities, the firms’ ownership structure, or the institutional environment.

The empirical analysis is undertaken using an unbalanced panel data of Chilean and Spanish firms.

The results indicate that when banks are not allowed to become stockholders, managers use bank debt‐maturity as a corporate governance mechanism. When banks can participate in the ownership of the firms that they finance, short‐term bank debt can serve as a substitute for a governance mechanism.

The main contribution of this paper is the analysis of how differences in financial development among countries modify financial decisions by firms.

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The overall goal of science is to build a valid and reliable body of knowledge about the functioning of the world and how applying that knowledge can change it. As personnel and human resources management researchers, we aim to contribute to the respective bodies of knowledge to provide both employers and employees with a workable foundation to help with those problems they are confronted with. However, what research on research has consistently demonstrated is that the scientific endeavor possesses existential issues including a substantial lack of (a) solid theory, (b) replicability, (c) reproducibility, (d) proper and generalizable samples, (e) sufficient quality control (i.e., peer review), (f) robust and trustworthy statistical results, (g) availability of research, and (h) sufficient practical implications. In this chapter, we first sing a song of sorrow regarding the current state of the social sciences in general and personnel and human resources management specifically. Then, we investigate potential grievances that might have led to it (i.e., questionable research practices, misplaced incentives), only to end with a verse of hope by outlining an avenue for betterment (i.e., open science and policy changes at multiple levels).