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This paper aims to explore whether firms’ performance determines innovation using a sample of Indian manufacturing firms. The impact of innovation on firms’ performance across specific countries has been discussed in the literature. However, the effect of firms’ performance on innovation output, especially for a developing country like India, remains an open question. Against this backdrop, this paper investigates whether firms’ performance determines innovation in Indian manufacturing firms.

The authors use patent filing information to instrument innovation and total factor productivity to instrument firms’ performance. The patent data are collected from the Patent Search and Analysis Software database and firm-level data from the Centre for Monitoring Indian Economy’s Prowess database. The study uses a sample of 309 Indian manufacturing firms from 2005 to 2021. Given the count nature of the data set used in this study coupled with over-dispersion issues, the authors have used the negative binomial regression to estimate the empirical specification of the models. There could be a possible problem of endogeneity due to the contemporary nature of innovation and firms’ performance. Therefore, to address the possible issues of endogeneity in the model, the authors have used the Generalized Method of Moments (GMM) estimators for more robustness checks of the empirical results.

The empirical results exhibit a positive and significant impact of firms’ performance on the innovation output, validating that firms’ performance determines innovation in Indian manufacturing firms. The posterior estimation results using GMM estimation also corroborate that firms’ productivity is a determining factor for the innovation output of Indian manufacturing firms. Furthermore, empirical results exhibit that the ex ante innovativeness of the firms substantially affects the current innovation. This validates that the firms’ prior experience, learning by doing and past innovative efforts are more likely to precipitate more innovation in the current period.

This paper’s main contribution is empirically estimating whether firms’ performance determines innovation, which is hardly discussed in the existing innovation literature, specifically using Indian manufacturing industries. Further, it adds to the existing literature in two other prominent ways. First, this paper investigates whether firms require ex ante expertise to innovate or if a firm starting from scratch can innovate significantly without any hindrances. Second, it enriches the literature by instrumenting innovation in output terms with the patent application against input measures of innovation, such as research and development expenditures, acquisition of machinery and equipment, while discussing the relationship between firms’ performance and innovation, specifically in the context of a developing economy like India.

This paper aims to analyze the performance of artificial neural networks with filling methods in predicting the minimum fluidization velocity of different biomass types for bioenergy applications.

An extensive literature review was performed to create an efficient database for training purposes. The database consisted of experimental values of the minimum fluidization velocity, physical properties of the biomass particles (density, size and sphericity) and characteristics of the fluidization (monocomponent experiments or binary mixture). The neural models developed were divided into eight different cases, in which the main difference between them was the filling method type (K-nearest neighbors [KNN] or linear interpolation) and the number of input neurons. The results of the neural models were compared to the classical correlations proposed by the literature and empirical equations derived from multiple regression analysis.

The performance of a given filling method depended on the characteristics and size of the database. The KNN method was superior for lower available data for training and specific fluidization experiments, like monocomponent or binary mixture. The linear interpolation method was superior for a wider and larger database, including monocomponent and binary mixture. The performance of the neural model was comparable with the predictions of the most well-known correlations from the literature.

Techniques of machine learning, such as filling methods, were used to improve the performance of the neural models. Besides the typical comparisons with conventional correlations, comparisons with three main equations derived from multiple regression analysis were reported and discussed.

The purpose of this paper is to assess the appropriateness of equal weights estimation (sumscores) and the application of the composite equivalence index (CEI) vis-à-vis differentiated indicator weights produced by partial least squares structural equation modeling (PLS-SEM).

The authors rely on prior literature as well as empirical illustrations and a simulation study to assess the efficacy of equal weights estimation and the CEI.

The results show that the CEI lacks discriminatory power, and its use can lead to major differences in structural model estimates, conceals measurement model issues and almost always leads to inferior out-of-sample predictive accuracy compared to differentiated weights produced by PLS-SEM.

In light of its manifold conceptual and empirical limitations, the authors advise against the use of the CEI. Its adoption and the routine use of equal weights estimation could adversely affect the validity of measurement and structural model results and understate structural model predictive accuracy. Although this study shows that the CEI is an unsuitable metric to decide between equal weights and differentiated weights, it does not propose another means for such a comparison.

The results suggest that researchers and practitioners should prefer differentiated indicator weights such as those produced by PLS-SEM over equal weights.

To the best of the authors’ knowledge, this study is the first to provide a comprehensive assessment of the CEI’s usefulness. The results provide guidance for researchers considering using equal indicator weights instead of PLS-SEM-based weighted indicators.

This paper analyzes alternative performance evaluation models applied to equity mutual funds under conditional and unconditional approaches in the Brazilian market.

The analysis is conducted using CAPM's single factor, Fama–French three and five factors, under their conditional and unconditional versions in a sample of 896 equity mutual funds from 2008 to 2019.

The results suggest that the use of three- or five-factor models is especially relevant to reduce the effect of market anomalies in performance assessment. Additionally, results show that conditional approaches, adding time-varying alphas and betas with macroeconomic variables, provide higher explanatory power than their unconditional peers.

The results are relevant in the unique economic environment characterized by historically high interest rate and high market volatility.

This paper aims to explore the outcomes of an analysis on day by day task – journey planning conduct of senior citizens by using a modern dynamic model and a family unit travel overview, gathered in Bhubaneswar, Odisha, of India in 2018. The task-journey planning display assumes an unique time–space-constrained planning development.

The main commitment of this paper is to reveal day by day task – journey planning conduct through a comprehensive dynamic framework. Numerous behavioural subtleties are revealed by the subsequent empirical model. These incorporate the role that income plays in directing outside time consumption decisions of senior citizens. Senior citizens in the most elevated and least salary classes will in general have minor varieties in time consumption decisions than those in middle pay classifications. Generally speaking, the time consumption decisions become progressively steady with expanding age, demonstrating that more task durations and lower task recurrence become progressively predominant with increasing age.

Day by day task-type and area decisions reveal a reasonable irregular utility-amplifying level headed conduct of senior residents. Unmistakably expanding spatial availability to different task areas is an urgent factor in characterizing every day outside task interest of senior residents. It is likewise evident that the assorted variety of outside task-type decisions decreases with rise in age and senior citizens are major touchy to auto journey hour than to travel or non-mechanized journey hour.

The fundamental constraint to the dynamic structure is that the mode decision model was viewed as exogenic to the demonstrating framework. The essential purpose behind this supposition that was that senior citizens in the Bhubaneswar are overwhelmingly customers of the local car. Coordination of the mode decision display part inside this structure would deliver a full task-based journey request model that could catch trip age, starting times, outing circulation and mode decision using a solitary demonstrating framework.

In the dynamic realm of energy storage, lithium-ion batteries stand out as a frontrunner, powering a myriad of devices from smartphones to electric vehicles. However, efficient heat management is crucial for ensuring the longevity and safety of these batteries. This paper aims to delve into the process of lithium-ion battery heat management systems, exploring how cutting-edge technologies are used to regulate temperature and optimize performance. In addition, computational fluid dynamics (CFD) studies take center stage, offering insights into the intricate thermal dynamics within these powerhouses.

In this study, thermal behavior of pouch type lithium-ion battery cell has been investigated by using CFD method. Result of different discharge rates have been evaluated by using multi-scale multi-dimensional (MSMD) battery model. By using MSMD Model 0.5C, 1C, 2C, 3C and 5C discharge rates are compared in equivalent circuit model (ECM) and NTGK empirical models by monitoring averaged surface temperature on battery body wall. In addition, on NTGK model, air cooling effect has been studied with the 0.1 m/s, 0.2 m/s and 0.5 m/s air, velocities.

Results shows that higher discharge rate causes higher temperature on battery zones and air cooling is effective to obtain the lower zone temperatures. Also, ECM model gives higher temperature than NTGK model on battery zone.

When the literature is evaluated, comparison of the models used in battery cooling (ECM and NTGK) has never been done before. Within the scope of this study, model comparison was made. At the same time, the time step has always been ignored in the literature. In this study, both time step and forced convection conditions were considered when comparing the models.

Brewer's spent grain (BSG) is the main by-product of the brewing industry, holding significant potential for biomass applications. The purpose of this paper was to determine the effective thermal conductivity (k_eff) of BSG and to develop an Artificial Neural Network (ANN) to predict k_eff, since this property is fundamental in the design and optimization of the thermochemical conversion processes toward the feasibility of bioenergy production.

The experimental determination of k_eff as a function of BSG particle diameter and heating rate was performed using the line heat source method. The resulting values were used as a database for training the ANN and testing five multiple linear regression models to predict k_eff under different conditions.

Experimental values of k_eff were in the range of 0.090–0.127 W m⁻¹ K⁻¹, typical for biomasses. The results showed that the reduction of the BSG particle diameter increases k_eff, and that the increase in the heating rate does not statistically affect this property. The developed neural model presented superior performance to the multiple linear regression models, accurately predicting the experimental values and new patterns not addressed in the training procedure.

The empirical correlations and the developed ANN can be utilized in future work. This research conducted a discussion on the practical implications of the results for biomass valorization. This subject is very scarce in the literature, and no studies related to k_eff of BSG were found.

The primary aim of this research is to examine the effects of the Renovation, Conversion, and Extension (ROT) tax deduction for renovations on the scope and quality of renovations and its subsequent impact on house prices across various Swedish municipalities.

This study utilises a two-way fixed effect instrument variable (IV) spatial Manski approach, analysing balanced panel data from 2004 to 2020 at the municipal level (290 municipalities) in Sweden. The methodology is designed to assess the impact of the ROT subsidy on the housing market.

The study reveals that the ROT subsidy has significantly influenced house prices, with noticeable variations between municipalities. These differences are attributed to the varying amounts of tax reductions for renovations and the extent to which property owners utilise these subsidies.

The research is limited to the context of Sweden and may not be generalisable to other countries with different housing and subsidy policies. The findings are crucial for understanding the specific impacts of government subsidies on the housing market within this context.

For policymakers and stakeholders in the housing market, this study highlights the tangible effects of renovation subsidies on property values. It provides insights into how such financial incentives can shape the housing market dynamics.

The research underscores the role of government policies in potentially influencing equitable access to housing. It suggests that subsidies like ROT can have broader social implications, including the distribution of housing benefits among different income groups and regions.

This study contributes original insights into the field of applied real estate economics by quantitatively analysing the impact of a specific government subsidy on the housing market. It offers a unique perspective on how fiscal policies can affect property values and renovation activities at the municipal level in Sweden.

This paper aims to propose a dynamic stochastic general equilibrium (DSGE) model for the State Bank of Vietnam (SBV) to assess the response from the household sector to monetary policy shocks through the consumption function. Moreover, the transmission from monetary policy to household consumption and income distribution is experimented with through the vector autoregression (VAR) model.

In this study, the authors used the maximum likelihood estimation to estimate the DSGE and VAR models with the sample from 1996Q1 to the end of 2021Q4 (104 observations).

The DSGE model’s results show that the response of the household sector is as expected in the theory: a monetary policy shock occurs that increases the policy interest rate by 0.29%, leading to a decrease in consumer spending of about 0.041%, the shock fades after one year. Estimates from the VAR model give similar results: a monetary policy shock narrows income inequality after about 2–3 quarters and this process tends to slow down in the long run.

Based on the research results, the authors propose policy implications for the SBV to achieve the goal of price stability, and stabilizing the macro-economic environment in Vietnam.

The findings of the study have theoretical contributions and empirical scientific evidence showing the effectiveness of the implementation of the SBV’s monetary policy in the context of macro-instability, namely: flexibility, caution and coordination of different measures promptly.

This paper aims to discuss recent criticism related to partial least squares structural equation modeling (PLS-SEM).

Using a combination of literature reviews, empirical examples, and simulation evidence, this research demonstrates that critical accounts of PLS-SEM paint an overly negative picture of PLS-SEM’s capabilities.

Criticisms of PLS-SEM often generalize from boundary conditions with little practical relevance to the method’s general performance, and disregard the metrics and analyses (e.g., Type I error assessment) that are important when assessing the method’s efficacy.

We believe the alleged “fallacies” and “untold facts” have already been addressed in prior research and that the discussion should shift toward constructive avenues by exploring future research areas that are relevant to PLS-SEM applications.

All statistical methods, including PLS-SEM, have strengths and weaknesses. Researchers need to consider established guidelines and recent advancements when using the method, especially given the fast pace of developments in the field.

This research addresses criticisms of PLS-SEM and offers researchers, reviewers, and journal editors a more constructive view of its capabilities.