Jafar Hasnain, Zaheer Abbas, Mariam Sheikh and Shaban Aly
This study aims to present an analysis on heat transfer attributes of fluid-particle interaction over a permeable elastic sheet. The fluid streaming on the sheet is Casson fluid…
Abstract
Purpose
This study aims to present an analysis on heat transfer attributes of fluid-particle interaction over a permeable elastic sheet. The fluid streaming on the sheet is Casson fluid (CF) with uniform distribution of dust particles.
Design/methodology/approach
The basic steady equations of the CF and dust phases are in the form of partial differential equations (PDEs) which are remodeled into ordinary ones with the aid of similarity transformations. In addition to analytical solution, numerical solution is obtained for the reduced coupled non-linear ordinary differential equations (ODEs) to validate the results.
Findings
The solution seems to be influenced by significant physical parameters such as CF parameter, magnetic parameter, suction parameter, fluid particle interaction parameter, Prandtl number, Eckert number and number density. The impact of these parameters on flow field and temperature for both fluid and dust phases is presented in the form of graphs and discussed in detail. The effect on skin friction coefficient and heat transfer rate is also presented in tabular form. It has been observed that an increase in the CF parameter curtails the fluid velocity as well as the particle velocity however enhances the heat transfer rate at the wall. Furthermore, comparison of the numerical and analytical solution is also made and found to be in excellent agreement.
Originality/value
Although the analysis of dusty fluid flow has been widely examined, however, the present study obtained both analytical and numerical results of power law temperature distribution in dusty Casson fluid under the influence of magnetic field which are new and original for such type of flow.
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Zhixuan Shao and Mustafa Kumral
This study aims to address the critical issue of machine breakdowns in industrial settings, which jeopardize operation economy, worker safety, productivity and environmental…
Abstract
Purpose
This study aims to address the critical issue of machine breakdowns in industrial settings, which jeopardize operation economy, worker safety, productivity and environmental compliance. It explores the efficacy of a predictive maintenance program in mitigating these risks by proactively identifying and minimizing failures, thereby optimizing maintenance activities for higher efficiency.
Design/methodology/approach
The article implements Logical Analysis of Data (LAD) as a predictive maintenance approach on an industrial machine maintenance dataset. The aim is to (1) detect failure presence and (2) determine specific failure modes. Data resampling is applied to address asymmetrical class distribution.
Findings
LAD demonstrates its interpretability by extracting patterns facilitating the failure diagnosis. Results indicate that, in the first case study, LAD exhibits a high recall value for failure records within a balanced dataset. In the second case study involving smaller-scale datasets, enhancement across all evaluation metrics is observed when data is balanced and remains robust in the presence of imbalance, albeit with nuanced differences in between.
Originality/value
This research highlights the importance of transparency in predictive maintenance programs. The research shows the effectiveness of LAD in detecting failures and identifying specific failure modes from diagnostic sensor data. This maintenance strategy exhibits its distinction by offering explainable failure patterns for maintenance teams. The patterns facilitate the failure cause-effect analysis and serve as the core for failure prediction. Hence, this program has the potential to enhance machine reliability, availability and maintainability in industrial environments.
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The purpose of the current research is to examine the relationship between social capital (SC) and financial performance (FP) in industrial enterprises in the Kurdistan Region of…
Abstract
Purpose
The purpose of the current research is to examine the relationship between social capital (SC) and financial performance (FP) in industrial enterprises in the Kurdistan Region of Iraq and Sulaimani City (KRG), as well as the role of the quality of accounting information (QAI) as a mediator between SC and FP.
Design/methodology/approach
In this study, SmartPLS is used to analyze the questionnaire that was distributed to 10 industrial firms engaged in the iron industry in 2021. The researcher used stratified random sampling to collect sample data from 252 full-time employees of a manufacturing companies in Kurdistan Region/ Iraq.
Findings
The findings of this research show that accounting measurement and disclosure of social capital (AMDSC) plays an important role in improving FP and that QAI mediates between AMDSC and FP in industrial companies in the KRG and Sulaimani city. This research aims to examine the impact of AMDSC on FP through mediating the QAI between AMDSC and FP at industrial companies in KRG/Sulaimani City. The results showed that AMDSC had a positive and significant impact on the company’s FP. The overall results of this study show that AMDSCs are positively and significantly correlated with financial performance, and QAI mediates between AMDSC and FP. This shows that SC should be considered in the companies’ plan to obtain additional funding in this sector.
Research limitations/implications
This study is exclusive to KRG/Sulaimani City’s iron industry. Other industries including sugar, cement, clothing, vehicles and medications could be the subject of future investigations.
Practical implications
The research provides insightful practical implications for management. First, the outcomes recommend that business owners and managers find a satisfactory level of SC when it significantly and positively affects financial performance. Second, the findings of this study will assist KRG manufacturing companies in making rational decisions to maximize profits while minimizing transaction costs such as information and research costs, increasing trust or reducing administrative burdens. This will eventually lead to the growth of industrial companies’ wealth in KRG/Sulaimani City. Managers should focus on social relationships between employees and management to maximize trust and reduce transaction costs, as they have future earnings.
Originality/value
Due to the lack of prior attention given to social capital in KRG, this research focuses on enhancing financial performance in industrial enterprises in KRG and Sulaimani City.
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The purpose of this paper is to investigate the role of accounting measurement and disclosure of social capital (AMDSC) in improving financial performance (FP) in industrial…
Abstract
Purpose
The purpose of this paper is to investigate the role of accounting measurement and disclosure of social capital (AMDSC) in improving financial performance (FP) in industrial companies in the Kurdistan Region of Iraq (KRG) and Sulaimani city. The research also examines the mediating role of reliability of financial information (RFI) between AMDSC and FP.
Design/methodology/approach
This research uses SmartPLS to analyze the questionnaire that was sent to 10 industrial companies operating in the iron sector during 2021.
Findings
The findings reveal that AMDSC has a significant effect on improving the FP of the industrial companies in KRG. The results also confirm that the RFI mediates between AMDSC and FP. Thus, this suggests that social capital (SC) needs to be considered in the companies’ strategy to secure future financing in this area.
Research limitations/implications
This paper is limited to the iron sector of KRG/Sulaimani city. Future studies could address other sectors, such as sugar, cement, clothes, automobiles and medicines.
Originality/value
This paper focuses on improving FP in industrial companies in KRG and Sulaimani city through considering SC in their companies’ strategies, as there was no concern for SC in KRG before.
This study aims to assess the effect of both apigenin-loaded zinc oxide nanoparticles (ZnONPs) and apigenin only against cisplatin (CP)-induced experimental cardiotoxicity.
Abstract
Purpose
This study aims to assess the effect of both apigenin-loaded zinc oxide nanoparticles (ZnONPs) and apigenin only against cisplatin (CP)-induced experimental cardiotoxicity.
Design/methodology/approach
A total of 32Wister rats (male) were randomly divided (n = 8) into four groups. Normal control group, CP group received CP (20 mg/kg); treated group I received CP and then received apigenin (0.78 mg/kg/day) orally; treated group II received CP and then received apigenin loaded ZnONPs. At the end of the experiment (10 days), samples were extracted from each rat for the assessment of complete blood picture, lipid profile, atherogenic indices, oxidative status, inflammatory and cardiotoxicity markers as well as histological examination.
Findings
The results indicated that CP produced significant alterations in the complete blood picture, lipidemic profile, atherogenic indices, antioxidation capacity and cardiac inflammatory markers as well as function enzymes as compared with the control group. Administration of apigenin only showed a non-significant change in the atherogenic indices, oxidative status and cardiotoxicity parameters, indicating incomplete cardio-protection against CP upon. Additionally, all the observed alterations in CP group were reversed when apigenin nanoparticle at lower dose was used with ZnONPs which was also confirmed by histopathological investigation.
Originality/value
The apigenin loaded ZnONPs exert protective effects against CP-induced experimental cardiotoxicity and improved cardiac function, suggesting a potential adjuvant role of apigenin nanoparticles against cardiotoxicity.
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By incorporating the role of nonperforming loans (NPLs), the study aims to assess the impact of global financial crisis (GFC) on the intermediation efficiency of Indian banks for…
Abstract
Purpose
By incorporating the role of nonperforming loans (NPLs), the study aims to assess the impact of global financial crisis (GFC) on the intermediation efficiency of Indian banks for the period of 1998/99 to 2016/17.
Design/methodology/approach
To obtain efficiency level of Indian banks, this study applied sequential data envelopment analysis (DEA) based directional distance function (DDF) approach, which performed simultaneous expansion of desirable output and reduction of undesirable output in the bank's loan production structure. Additionally, using fixed effect regression approach in the panel data framework, this study assesses both the phenomenon of σ- and unconditional β-efficiency convergence in public sector banks (PSBs), private banks (PBs), foreign banks (FBs) and overall scheduled commercial banks (SCBs) during the pre-crisis, crisis and post-crisis years in India.
Findings
Irrespective of the bank's production model, the evidence suggests that the accounting NPLs as an undesirable output significantly deteriorating the intermediation technical efficiency levels of Indian banks, especially after the crisis years until the last year of the study period. This reflects that Indian banks failed more to achieve their financial intermediation objective in the post-crisis years as compared to the crisis and pre-crisis years. In-depth, statistical evidence of commercial bank ownership groups reveals that public sector banks exhibit a higher level of efficiency in pursuance of traditional loan-based activity followed by private and foreign banks. The study also found the existence of sigma convergence in technical efficiency levels of Indian banks and ownership groups as well.
Originality/value
This study is perhaps the first one, which present the robust evolution of Indian banks intermediation efficiency by taking into account both endogenous (i.e. NPLs as an undesirable output and equity as a quasi-fixed input in the bank production process) crisis and exogenous (i.e. global financial and economic stress) crises. Moreover, none of the existing studies have conducted sub-period wise analysis to show the apparent occurrence of both convergence properties in technical efficiency, adding novelty in the literature.
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Abdullah Alajmi and Andrew C. Worthington
This study aims to examine the link between boards and audit committees and firm performance in Kuwaiti listed firms in the context of recent and extensive corporate governance…
Abstract
Purpose
This study aims to examine the link between boards and audit committees and firm performance in Kuwaiti listed firms in the context of recent and extensive corporate governance regulatory reform.
Design/methodology/approach
Panel data regression analysis with fixed effects and clustered standard errors of firm performance for 61–97 listed industrial and services firms in Kuwait over a seven-year period. The dependent variables are the returns on assets and equity, the debt-to-equity ratio and leverage and Tobin’s Q and the independent variables comprise board of directors and audit committee characteristics, including size, the number of meetings and the numbers of independent and outside board and expert committee members. Firm size, subsidiary status and cash flow serve as control variables.
Findings
Mixed results with respect to the characteristics of the board of directors. Board size and independent and outsider board members positively relate only to Tobin’s Q and insiders only to debt to equity. For audit committee characteristics, committee size, independence and expertise positively relate to the return on equity and committee size and expertise only to Tobin’s Q. Of the five performance measures considered, board and audit committee characteristics together best determine Tobin’s Q.
Research limitations/implications
Data from a single country limits generalisability and control variables necessarily limited in a developing market context. Need for qualitative insights into corporate governance reform as a complement to conventional quantitative analysis. In combining accounting and market information, Tobin’s Q appears best able to recognise the performance benefits of good corporate governance in terms of internal organisational change.
Practical implications
The recent corporate governance code and guidelines reforms exert a mixed impact on firm performance, with audit committees, not boards, of most influence. But recent reforms implied most change to boards of directors. One suggestion is that non-market reform may have been unneeded given existing market pressure on listed firms and firms anticipating regulatory change.
Social implications
Kuwait’s corporate governance reforms codified corporate governance practices already in place among many of its firms in pursuit of organisational legitimacy, and while invoking substantial change to audit committees, involved minor change to firm performance, at least in the short term. Some firms may also have delisted in expectation of stronger corporate governance requirements. Regardless, these direct and indirect processes both improved the overall quality of listed firm corporate governance and performance in Kuwait.
Originality/value
Seminal analysis of corporate governance reforms in Kuwait, which have rapidly progressed from no corporate governance code and guidelines to an initially voluntary and then compulsory regime. Only known analysis to incorporate both board of directors and audit committee characteristics. Reveals studies of the corporate governance–firm performance relationship may face difficulty in model specification, and empirical significance, given the complexity of corporate governance codes and guidelines, leads in changing firm behaviour and self-selection of firms into and out of regulated markets.