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Despite the widespread prevalence of share pledging by Indian promoters, this area remains out of the researchers’ purview. This study aims to bridge this research gap by delineating the impact of promoter share pledging on future stock price crash risk and financial performance in India.

A sample of 257 companies listed on the Standard and Poor’s Bombay Stock Exchange 500 (S&P BSE 500) Index has been analysed using panel (fixed-effects) data regression methodology over 2011–2020. Further, alternative proxies for crash risk and financial performance are adopted to ensure that the study’s initial findings are robust. Finally, the instrumental variable with the two-stage least squares (IV-2SLS) method has also been employed to alleviate endogeneity concerns.

The results suggest a significantly positive relationship between promoter share pledging and future stock price crash risk in India. Conversely, this association is significantly negative for future financial performance. Moreover, the results hold, even after including alternative proxies of stock price crash risk and financial performance and addressing endogeneity concerns.

Owing to the sizeable equity shareholdings of the promoters, share pledging has remained a lucrative source of finance in India. Despite the popularity, the findings of this study question the relevance of share pledging by Indian promoters considering its impact on aggravating future stock price crash risk and deteriorating future financial performance.

The purpose of this paper is to study experimentally enhancement of heat transfer in a tube with axial swirling‐flow promoters. The geometric features of flow geometry to improve heat transfer can be selected in order to yield the maximum opposite reduction in heat exchange flow irreversibility by using exergy‐destruction method. The paper seeks to illustrate the use of neural network approach to analyze heat transfer enhancement data for further study in the scope of the experimental program.

For this purpose, 402 experimental measurements are collected. About 225 of those are used as training data for neural networks, the rest is used for testing. Then, these testing results of artificial neural network (ANN) and experimental data are compared. A formula for presenting exergy loses in a tubular heat exchanger is derived first and then the thermodynamic optimum instead of economic optimum is found by minimizing the exergy losses in the system.

Results from all configurations studied show that the heat transfer rate of the heated increases when the swirling‐flow promoter is inserted. From the heat transfer improvement number defined, it is observed that about 100 percent increase in heat transfer rate and five times increase in the pressure drop can be achieved under the condition of constant flow for the single promoter which has three blades, its blade angle is 30° and its location is in the middle of the tube length.

The back‐propagation (BP) algorithm was selected as the neural network algorithm, which uses the generalized delta learning rule. The training time of BP algorithm is considerably long. However, the testing of our neural network is real‐time.

The experimental setup is established to collect the experimental data. It consists of an entrance region, test region (heat exchanger and steam generator), and, flow measurement and control. Also, a software program of neural networks trained BP is written by using Pascal high‐level languages.

An alternative and new approach is proposed in the paper to find optimum flow geometry for a pipe flow with an axial swirling‐flow promoter inserts. It is too difficult to predict the response of a complex physical system that cannot be easily modeled mathematically. The result thus obtained compare well with experimental results, but the computational effort of the ANN and time required in the analysis is much faster as compared. These results show that the ANN can be used efficiently for prediction.

This paper discusses how melt flow indices and flow behavior data can be used to predict polymer flow in real industrial processes. The ability to simulate flow behavior can help us establish a robust process that has a large processing window and which accommodates a natural variation. The effect of shear rate on viscosity is of far greater significance. It is therefore important to find the Newtonian region of the curve and set the process parameters in this region for a specified mould thickness. This paper also aims at modifying the flow behavior of polypropylene blends using various lubricants and flow promoters both low molecular weight and polymeric flow promoters.

This study aims to explore the relationship between promoter share pledging and the company’s dividend payout policy in India. Furthermore, this study also analyses the moderating impact of family involvement in business on the association between share pledging and dividend payout.

A sample of 236 companies from the S&P Bombay Stock Exchange Sensitive (BSE) 500 Index (2014–2023) has been analysed through fixed-effects panel data regression. For additional testing, robustness checks include alternative measures of dividend payout and promoter share pledging, as well as alternative methodologies such as Bayesian regression. Lastly, to address potential endogeneity, instrumental variables with a two-stage least squares (IV-2SLS) methodology have been implemented.

Upholding the agency perspective, a significantly negative impact of promoter share pledging on corporate dividend payouts in India has been uncovered. Moreover, family involvement in business moderates this relationship, highlighting that the negative association between promoter share pledging and dividend payouts is more pronounced in family companies. The findings are consistent throughout the robustness testing.

The present study represents a pioneering endeavour to empirically analyse the link between promoter share pledging and dividend payouts in India. It enhances the theoretical underpinnings of the agency relationship, particularly by substantiating the existence of Type II agency conflicts between majority and minority shareholders. The findings of this research bear significant implications for investors, researchers and policymakers, particularly in light of the widespread prevalence of promoter-controlled entities in India.

Experimental results play a crucial role in the validation of mathematical and numerical models for a variety of basic and applied thermal transport problems. The purpose of this paper is to focus on the role played by experimentation in an accurate numerical simulation of thermal processes and systems.

The paper takes the form of a numerical simulation combined with experimentation. The paper presents various circumstances where the numerical simulation may be efficiently combined with experimentation, and indeed driven by experimental data, to obtain accurate, valid and realistic numerical predictions.

The paper demonstrates validation and accuracy of numerical simulation.

This paper is an important first step in combining experiments and simulation for complex thermal systems.

Government support plays an important part in risk‐return trade‐off of participants in privately financed infrastructure projects. Depending on the level of government support, risk‐return trade‐off of the private sponsor varies from project to project. Case studies on two of China's build‐operate‐transfer (BOT) power projects that were developed at different time periods illustrate that government support has a significant effect on both risk and return of the private sponsor. It is hoped that such understanding would help the private sponsor strike a desirable risk‐return trade‐off in structuring a BOT deal.

The Commercial Chemicals group of 3M will be showing new developments in their range of Fluorad fluorochemical surfactants and specialised epoxy curatives and additives at the Resins and Pigments Exhibition, London, November 8–9.

Th. Goldschmidt have now assembled a range of paint additives which are intended to help smooth away the paint chemists' problems. It includes products designed to act as wetting and dispersing agents, flow promoters, anti‐blocking agents and de‐aerators, to illustrate only part of the range. All have been carefully researched and tested, and benefit from Goldschmidts' long history of producing high quality speciality chemicals.

The purpose of this study is to advance turbulent thermal convection inside the constant heat-flux round tube inserted by multiple perforated twisted tapes.

The novel design of this study is accomplished by inserting several twisted tapes and drilling some circular perforations near the tape edge (C1, C3, C5: solid tapes; C2, C4, C6: perforated tapes). The turbulence flow appearances and thermal convective features are examined for various Reynolds numbers (8,000–14,000) using the renormalization group (RNG) κ−ε turbulent model and Semi-Implicit Method for Pressure-Linked Equations (SIMPLE) algorithm.

The simulated outcomes reveal that inserting more perforated-twisted tapes into the heated round tube promotes turbulent thermal convection effectively. A swirling flow caused by the twisted tapes to produce the secondary flow jets between two reverse-spin tapes can combine with the main flow passing through the perforations at the outer edge to enhance the vortex flow. The primary factors are the quantity of twisted tapes and with/without perforations, as the perforation ratio remains at 2.5 in this numerical work. Weighing friction along the tube, C6 (four reverse-spin perforated-twisted tapes) brings the uppermost thermal-hydraulic performance of 1.23 under Re = 8,000.

The constant thermo-hydraulic attributes of liquid water and the steady Newtonian fluid are research limitations for this simulated work.

The simulated outcomes will avail the inner-pipe design of a heat exchanger inserted by multiple perforated twisted tapes to enhance superior heat transfer.

These twisted tapes form tiny circular perforations along the tape edge to introduce the fluid flow through these bores and combine with the secondary flow induced between two reverse-spin tapes. This scheme enhances the swirling flow, turbulence intensity and fluid mixing to advance thermal convection since larger perforations cannot produce large jet velocity or the position of perforations is too far from the tape edge to generate a separated flow. Consequently, this work contributes a valuable cooling mechanism toward thermal engineering.

The purpose of this paper is to present a numerical analysis of the flow and heat transfer in a tube with a wire coil insert. A second law analysis of the results is accounted for, in order to assess the local and overall entropy generation in relation with the increased pressure drop and convective heat transfer. A wire coil with p/D=1.25 and e/D=0.076 is selected as insert device. A Reynolds number range between 100 and 1,000 is investigated, which corresponds to the typical operating regimes in the risers of liquid solar collectors. Different wall heat fluxes and inclination angles allow to analyze the potential impact of mixed convection in the presence of tube inserts.

Three-dimensional numerical simulations are performed using a finite-volume solver, assuming laminar flow conditions. Pure water and a mixture of water and propylene-glycol (20 percent) are used as working fluids, with temperature-dependent properties. Fanning friction factor, Nusselt number and local entropy generation results are obtained in the fully developed region.

The friction factor results are successfully compared with a well-known experimental correlation for wire coil inserts. The earlier onset of transition is devised at Re > 300. Nusselt number augmentations between 2.5- and 6-fold are reported with respect to the smooth tube. The mixed convection regime encountered in the smooth tube for the operating conditions investigated is canceled in the wire coiled tube, owing to the opposed effect of the swirl flow induced and the bouyancy forces. Frictional, heat transfer and overall entropy generation rates are computed locally in the fully developed region, allowing to relate these results with the flow structures in the mixed convection smooth tube and in the wire coiled tube. A threefold decrease in the entropy generation rate is reported for tubes with wire coil inserts.

An holistic understanding of the heat transfer enhancement in tubes with wire coil inserts is provided through the analysis of the flow pattern, Fanning friction factor, Nusselt number and local entropy generation rates. The reduced entropy generation in the enhanced tube serves as a performance criteria to confirm the positive effect of wire coil inserts in heat transfer for the operating regime under investigation, in spite of the increased pressure drop.