Irfan Ahmed, Owais Mehmood, Zeshan Ghafoor, Syed Hassan Jamil and Afkar Majeed
This study aims to examine the impact of board characteristics on debt choice.
Abstract
Purpose
This study aims to examine the impact of board characteristics on debt choice.
Design/methodology/approach
The sample comprises of unique nonfinancial firms listed in the FTSE 350 over the period 2011–2018. This study uses Tobit and OLS regressions to check the impact of board characteristics on debt choice. The results are robust to the battery of robust checks.
Findings
This study finds that board size and board independence are positively associated with public debt. However, CEO duality and board meetings frequency are inversely associated with public debt. Overall, the findings are consistent with the “financial intermediation theory” that the firms with weak governance rely on bank financing, and firms with better corporate governance go for public debt.
Research limitations/implications
This study offers significant insights for investors and policymakers.
Originality/value
This study offers new insights regarding the role of board characteristics in firms’ debt choice by showing the significant impact of board characteristics on debt choice. The findings indicate that the board’s efficient internal monitoring may substitute external monitoring by the bank.
Details
Keywords
The purpose of this manuscript is to present a novel, compact and ultra-thin “3”-shaped monopole antenna for wireless operations in the laptop computer. The thickness of the…
Abstract
Purpose
The purpose of this manuscript is to present a novel, compact and ultra-thin “3”-shaped monopole antenna for wireless operations in the laptop computer. The thickness of the antenna is only 0.2 mm and is designed using only a pure copper strip of size 17.5 × 6 mm2.
Design/methodology/approach
The simple structure of the proposed antenna consists of two monopole radiating strips, namely, AC and CD and an open-ended rectangular tuning stub BE of length 9mm.
Findings
This structure inspires two resonating modes at 3.45 and 5.5 GHz and achieves the measured impedance band width as 20% (3.21-3.91) GHz in lower band (F_l) and 15% (5.05-5.85) GHz in the upper band (F_u) for voltage standing wave ratio < 2. These two bands cover 5GHz wireless local area network (WLAN) and 3.3-3.6GHz (sub 6GHz) 5G bands. The measured radiation performance including, nearly omnidirectional radiation patterns, a stable gain of around 5 dBi and excellent efficiency around 90% in both operating bands have been achieved. Furthermore, a simplified equivalent circuit model has been derived and its simulation is performed. The simulated and measured results are in good agreement, which demonstrates the applicability of the antenna structure for WiMAX/WLAN operations in the prominent ultra-thin laptop computers.
Originality/value
The proposed antenna is designed without using any reactive elements, vias or matching circuits for excitation of WLAN and 5G bands in the laptop computers. The design also does not require any additional ground for mounting the antenna. The proposed antenna has a very low profile, is ultra-thin, cost-effective, easy to manufacture and can be easily embedded inside next generation laptop computers.
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Keywords
Farhan Aadil, Oh-young Song, Mahreen Mushtaq, Muazzam Maqsood, Sadia Ejaz Sheikh and Junaid Baber
Wireless Body Area Network (WBAN) technology envisions a network in which sensors continuously operate on and obtained critical physical and physiological readings. Sensors…
Abstract
Purpose
Wireless Body Area Network (WBAN) technology envisions a network in which sensors continuously operate on and obtained critical physical and physiological readings. Sensors deployed in WBANs have restricted resources such as battery energy, computing power and bandwidth. We can utilize these resources efficiently. By devising a mechanism that is energy efficient with following characteristics, i.e. computational complexity is less, routing overhead is minimized, and throughput will be maximum. A lot of work has been done in this area but still WBAN faces some challenges like mobility, network lifetime, transmission range, heterogeneous environment, and limited resources. In the present years well, contemplative studies have been made through a large body to reach some holistic points pertaining to the energy consumption in WBAN. Thus we/put forward appropriate algorithm for energy efficiency which can vividly corroborate the advances in this specific domain. We have also focused on various aspects and phases of the studies like study computational complexity, routing overhead and throughput type of characteristics. There is still a room for improvement to get the desired energy optimization in WBAN. The network performance mainly relies upon the algorithm used for optimization process. In this work, we intended to develop an energy optimization algorithm for energy consumption in WBAN which is based on evolutionary algorithms for inter-BAN communications using cluster-based routing protocol.
Design/methodology/approach
In this paper we propose a meta heuristics algorithm Goa to solve the optimization problem in WBAN. Grasshopper is an insect. Generally, this insect is viewed individually and creating large swarm in nature. Figure 5 shows the individual grasshoppers' primitive patterns in swarm. Figure 7 depicts the pseudo code of Goa. In Goa, experiments are done to view the behavior of grasshoppers in swarm. How they gradually move towards the stationary and mobile target. Through experimentation it is conceived that swarm gradually converge towards their target. Another interesting pattern related to convergence of grasshopper is that it slowly towards its target. This shows that grasshopper does not trapped in local optima. In starting iterations of exploration process Goa, search globally and in last iterations it searches local optima. Goa makes the exploration and exploitation process balanced while solving challenging optimization problems.
Findings
Energy efficiency is achieved in the optimization process of cluster formation process. As the use of proposed algorithm Goa creates the optimal number of clusters. Shorter cluster lifetime means more times clustering procedure is called. It increases the network computational cost and the communication overhead. Experimentation results show that proposed Goa algorithm performs well. We compare the results of Goa with existing optimization Algorithms ACO and MFO. Results are generated using MATLAB.
Originality/value
A lot of work has done for the sake of energy optimization in WBAN. Many algorithms are proposed in past for energy optimization of WBAN. All of them have some strengths and weaknesses. In this paper we propose a nature inspired algorithm Goa. We use the Goa algorithm for the sake of energy optimization in WBAN.