Search results
1 – 5 of 5Bernard A. Schrefler, Xiaoyong Zhan and Luciano Simoni
A fully coupled numerical model to simulate the complexbehaviour of soil deformation, water flow, airflow, and heatflow in porous media is developed. The following thermal…
Abstract
A fully coupled numerical model to simulate the complex behaviour of soil deformation, water flow, airflow, and heat flow in porous media is developed. The following thermal effects are taken into account: heat transfer through conduction and convection, flow, as well as viscosity and density variation of the fluids due to temperature gradients. The governing equations in terms of soil displacements, water and air pressures, and temperature are coupled non‐linear partial differential equations and are solved by the finite element method. Two examples are presented to demonstrate the model performances.
Details
Keywords
Luciano Simoni and Stefano Secchi
This paper presents a mathematical model for the analysis of cohesive fracture propagation through a non‐homogeneous porous medium. Governing equations are stated within the frame…
Abstract
This paper presents a mathematical model for the analysis of cohesive fracture propagation through a non‐homogeneous porous medium. Governing equations are stated within the frame of Biot's theory, accounting for the flow through the solid skeleton, along the fracture and across its sides toward the surrounding medium. The numerical solution is obtained in a 2D context, exploiting the capabilities of an efficient mesh generator, and requires continuous updating of the domain as the fractures enucleate and propagate. It results that fracture paths and their velocity of propagation, usually assumed as known, are supplied directly by the model without introducing any simplifying assumption.
Details
Keywords
Alex Ferreira Goncalves, Luciano Rossoni and Wesley Mendes-Da-Silva
The purpose of this paper is to analyze how the type of ownership and control moderates the effect of the board social capital on the implied cost of capital. To do so, the…
Abstract
Purpose
The purpose of this paper is to analyze how the type of ownership and control moderates the effect of the board social capital on the implied cost of capital. To do so, the authors analyzed the effect of the board social capital by the relational resources present in its direct and heterogenous ties, considering the predictions of analysts about the implied cost of capital.
Design/methodology/approach
The data panel comprised 137 companies listed on the Brazilian stock exchange between the years of 2002 and 2015, generating a total of 535 observations. The authors check the robustness of the results through instrumental variables and systems of equations, as well as compete for the effect of board social capital both by the board and ownership structures.
Findings
Results show that the board relational resources, both in direct and heterogeneous ties, significantly reduce the implied cost of capital for private companies, but not for state-owned companies. Board social capital reduces the cost of capital even when the results compete with the board structure and concentration of ownership, being able to mitigate the discount in the cost of capital by the presence of dominant shareholders.
Originality/value
This study uses a more theoretically and empirically comprehensive measure of board social capital than the majority of studies that use only network position indicators. So, contrasting the effect of this measure on the implied cost of capital between private and state-owned companies, the authors also demonstrate that the board social capital can mitigate the discount by ownership concentration on the implied cost of capital.
Details
Keywords
Richard Ramsawak, Samuel Buertey, Greeni Maheshwari, Duy Dang and Chung Thanh Phan
This paper explores the relationship between board interlocks and firm outcomes by reviewing the most recent peer-reviewed articles examining this research theme.
Abstract
Purpose
This paper explores the relationship between board interlocks and firm outcomes by reviewing the most recent peer-reviewed articles examining this research theme.
Design/methodology/approach
A systematic and bibliometric methodology of assessing 369 peer-reviewed articles from the Web of Science (WoS) database was applied. The study also leverages key R-packages litsearchr and Bibliometrix software to enhance the descriptive and thematic literature analysis to identify gaps and opportunities for new research.
Findings
This study confirms a rapid increase in articles on this thematic area, over the last decade, with increasing collaboration occurring among researchers in the United States, Europe, China, South Korea and India. Four core research clusters are identified. The first and largest cluster links interlocked directors to issues related to corporate governance and firm outcomes. The second cluster links social network theory, interlocking directorates and firm outcomes. Smaller emerging research clusters include topics related to ownership structure, board size, political connectedness and impacts on firm outcomes. The final cluster examines the influence of board interlocks on market value and firm innovation.
Practical implications
Interlocked directors can have both positive and negative impacts on a wide variety of firm outcomes. This study places great interest in the selection of new directors, ensuring that the selection has aligned with the needs and interests of the company and disclosures of potential competing interests are declared and considered. Equally important are the governance practices used to monitor directors' behavior and to protect the interest of shareholders and the firm. This is particularly relevant in the internal appointment of interlocked directors to critical positions, such as audit committees or instances where interlocked directors may simultaneously hold CEO or executive leadership positions in other companies.
Originality/value
This paper examines the board interlocks literature related to firm outcomes. Additionally, this review identifies several topics and disciplines which, if pursued, could enrich the literature and promise new avenues for future research.
Details
Keywords
The purpose of this paper is to present a variety of current resources associated with electroacoustic music suitable for updating academic and large public library collections.
Abstract
Purpose
The purpose of this paper is to present a variety of current resources associated with electroacoustic music suitable for updating academic and large public library collections.
Design/methodology/approach
The approach taken in the paper is to identify resources meant to provide guidance in locating appropriate resources and to identify specific resources regarding electroacoustic collections that are grouped in several categories for ease of reading.
Findings
The complexity of definition of electroacoustic music and its interdisciplinary nature has had a negative impact on availability of collection development guides for electroacoustic music. Furthermore, resource formats associated with this type of music are heavily dependent on technology and change with great frequency which makes them challenging to keep up with.
Originality/value
The paper offers practical advice about updating electroacoustic music collections.
Details