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1 – 10 of over 12000Geok Teng Leong, Charles Hin Joo Bong, Fang Yenn Teo and Aminuddin Ab. Ghani
This study explores the concept of hydraulic flushing gate with an automated control system as a flow control structure of the urban storm water system. The research team has…
Abstract
This study explores the concept of hydraulic flushing gate with an automated control system as a flow control structure of the urban storm water system. The research team has implemented a flush gate with the automated control system to the flow of the water in a drainage channel. The flow control structure was used to determine the effectiveness of such design by applying the concept of virtually on a real-world drainage system at Jalan Astana, Kuching. Computer representations of the existing drainage system and flow control structure were built using EPA SWMM 5.0 model. The series of flow control structure was proven to hold the runoff from 10-year storm. The modelling result shows that there is 25.9% of flow reduction at outlet node. As a modification of the existing drainage system in the urban area involves high construction cost, by installing a flow control structure in the drainage system is an innovative way to control the flow of the water.
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We use a combination of continuum and car-following models to explore the potential impact of speed-controls on (i) decreasing travel times at times of congested flow; and (ii…
Abstract
We use a combination of continuum and car-following models to explore the potential impact of speed-controls on (i) decreasing travel times at times of congested flow; and (ii) increasing the safety of motorway flow approaching the site of an accident.
Meng-Ting Chen and Richard J. Nugent
The authors evaluate financial stability and capital flows management objectives of capital controls in the context of four capital control events: removing or imposing controls…
Abstract
The authors evaluate financial stability and capital flows management objectives of capital controls in the context of four capital control events: removing or imposing controls on capital inflows and removing or imposing controls on capital outflows. The authors use synthetic control method to solve the endogeneity problem stemmed from the timing of capital control implementation. The authors find new evidence that capital controls are not consistently effective in reaching financial stability outcomes but are consistent in reaching capital flows management outcomes. The authors compare our results to estimates using difference-in-difference (DID) and carry out placebo analysis. Finally, we use synthetic DID to correct for the parallel trend bias and show that the results still hold.
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Contemporary literature reveals that, to date, the poultry livestock sector has not received sufficient research attention. This particular industry suffers from unstructured…
Abstract
Contemporary literature reveals that, to date, the poultry livestock sector has not received sufficient research attention. This particular industry suffers from unstructured supply chain practices, lack of awareness of the implications of the sustainability concept and failure to recycle poultry wastes. The current research thus attempts to develop an integrated supply chain model in the context of poultry industry in Bangladesh. The study considers both sustainability and supply chain issues in order to incorporate them in the poultry supply chain. By placing the forward and reverse supply chains in a single framework, existing problems can be resolved to gain economic, social and environmental benefits, which will be more sustainable than the present practices.
The theoretical underpinning of this research is ‘sustainability’ and the ‘supply chain processes’ in order to examine possible improvements in the poultry production process along with waste management. The research adopts the positivist paradigm and ‘design science’ methods with the support of system dynamics (SD) and the case study methods. Initially, a mental model is developed followed by the causal loop diagram based on in-depth interviews, focus group discussions and observation techniques. The causal model helps to understand the linkages between the associated variables for each issue. Finally, the causal loop diagram is transformed into a stock and flow (quantitative) model, which is a prerequisite for SD-based simulation modelling. A decision support system (DSS) is then developed to analyse the complex decision-making process along the supply chains.
The findings reveal that integration of the supply chain can bring economic, social and environmental sustainability along with a structured production process. It is also observed that the poultry industry can apply the model outcomes in the real-life practices with minor adjustments. This present research has both theoretical and practical implications. The proposed model’s unique characteristics in mitigating the existing problems are supported by the sustainability and supply chain theories. As for practical implications, the poultry industry in Bangladesh can follow the proposed supply chain structure (as par the research model) and test various policies via simulation prior to its application. Positive outcomes of the simulation study may provide enough confidence to implement the desired changes within the industry and their supply chain networks.
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Ben Amoako-Adu, Vishaal Baulkaran and Brian F. Smith
The chapter investigates three channels through which private benefits are hypothesized to be extracted in dual class companies: excess executive compensation, excess capital…
Abstract
Purpose
The chapter investigates three channels through which private benefits are hypothesized to be extracted in dual class companies: excess executive compensation, excess capital expenditures and excess cash holdings.
Design/methodology/approach
With a propensity score matched sample of S&P 1500 dual class and single class companies with concentrated control, the chapter analyzes the relationship between the valuation discount of dual class companies and measures of excess executive compensation, excess capital expenditure and excess cash holdings.
Findings
Executives in dual class firms earn greater compensation relative to their counterparts in single class firms. This excess compensation is more pronounced when the executive is a family member. The value of dual class shares is discounted most when cash holdings and executive compensation of dual class are excessive. Excess compensation is highest for executives who are family members of dual class companies. The dual class discount is not related to excess capital expenditures.
Originality/value
The research shows that the discount in the value of dual class shares in relation to the value of closely controlled single class company shares is directly related to the channels through which controlling shareholder-managers can extract private benefits.
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