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Article
Publication date: 12 November 2018

Mohammed M. Elgammal, Khaled Hussainey and Fatma Ahmed

The purpose of this paper is to examine the impact of corporate governance on risk and forward-looking disclosures in Qatar.

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Abstract

Purpose

The purpose of this paper is to examine the impact of corporate governance on risk and forward-looking disclosures in Qatar.

Design/methodology/approach

The authors automatically measure levels of risk and forward-looking disclosures in the annual reports of Qatari firms for the period 2008–2014. The authors also use two ways clustered error pooled panel regressions to examine the determinants of these disclosures.

Findings

The authors find that firms with a higher percentage of foreign ownership disclose more forward-looking information; conversely, board size has a negative impact on the forward-looking disclosure. Financial firms tend to disclose less forward-looking information, however, they tend to disclose more forward-looking information after the 2008 global financial crisis. The authors also find negative relationships between the risk disclosure and both the number of non-executive members of the board of directors and duality role of the CEO.

Research limitations/implications

The study uses the quantity of disclosure as a proxy for the quality of disclosure.

Practical implications

The findings should help the users of corporate annual reports in Qatar to understand managerial incentives for reporting risk and forward-looking information. This should help regulators to set a proper set of disclosure rules. Moreover, this study increases our understanding of the behavior of international investors and the board characteristics (i.e. board size) in motivating risk and forward-looking disclosures in Qatari firms.

Originality/value

The authors provide the original empirical evidence on the impact of corporate ownership and board characteristics on risk and forward-looking disclosures for Qatari firms using two ways clustered error pooled panel regressions.

Details

Journal of Applied Accounting Research, vol. 19 no. 4
Type: Research Article
ISSN: 0967-5426

Keywords

Article
Publication date: 28 January 2022

Luis Manuel Quej-Ake, Sergio García Jiménez, Hongbo Liu, J.L. Alamilla and Carlos Angeles-Chavez

The purpose of this paper is to study the corrosion process by examining the deterioration of X80 steel exposed to a real petroleum sample containing condensed hydrocarbon plus…

Abstract

Purpose

The purpose of this paper is to study the corrosion process by examining the deterioration of X80 steel exposed to a real petroleum sample containing condensed hydrocarbon plus oilfield-produced water, which were subjected to stimulated emulsions in flowing media at 50°C.

Design/methodology/approach

The impedance and polarization spectra were used to assess the aggressiveness of the petroleum sample and tried to find a washing process using condensed hydrocarbon with deionized water. Mössbauer technique was used to identify the phases in precipitated ions obtained during an oven-drying procedure of the oilfield produced water.

Findings

The emulsion, chloride, sulphur compounds, heavy metals and the use of a double hydrodynamic system were the most important factors affecting the corrosion of X80 steel. The corrosion rate of this steel increased when oilfield-produced water was stimulated by a double hydrodynamic system (4.56 mm/year). It was determined to be 7.66 mm/year and 4.01 mm/year when steel was exposed to a stimulated emulsion using the petroleum sample and condensed hydrocarbon with deionized water at 24 h, respectively, suggesting that a significant process of hydrocarbon washing could occur and a more corrosive solution was highlighted. Mössbauer results showed that the ions precipitates included the following phases at Wt.%: magnetite (20.0), greigeite (22.8), siderite (3.2), pyrite (2.9), marcasite (26.7) and mackinawite (24.4).

Originality/value

A stimulated hydrocarbon/water emulsions with a more homogeneous solution containing high concentrations of saline compounds and heavy metals were used to simulate the susceptibility to corrosion on the internal pipeline steels exposed to any type of immiscible liquids such as condensed hydrocarbon, or crude oil, containing water. A practical application of the presented research could provide a novel framework for understanding the internal corrosion in pipelines from the simulation of washed hydrocarbons after the stimulated emulsions that can be found in the field. Because more susceptibility to corrosion for pipeline steels would be expected at the end of the transportation of the fluid. It is possible to investigate the possible corrosion mechanisms by using a dried oilfield-produced water sample interacting with the pipeline steels.

Details

Anti-Corrosion Methods and Materials, vol. 69 no. 2
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 3 October 2023

Ruwan Adikaram and Alex Holcomb

In this study, the authors investigate if analysts, as knowledgeable information intermediaries, can correctly identify bank corporate social responsibility (CSR) activities and…

Abstract

Purpose

In this study, the authors investigate if analysts, as knowledgeable information intermediaries, can correctly identify bank corporate social responsibility (CSR) activities and can reliably transmit that information to investors. Hence, the authors specifically explore if analysts perceive and behave differentially in the presence of genuine bank CSR activities (strengths). The authors also analyze if financial markets differentially assess bank CSR strengths. The authors further explore the viability of focusing on analyst and financial markets to validate genuine bank CSR strengths.

Design/methodology/approach

The authors use COMPUSTAT and CRSP for firm and financial data, I/B/E/S for analyst reporting data and MCSI Research KLD for CSR data. The sample consists of 329 distinct banks and 2,525 bank-year observations from 2003 to 2016. The primary CSR score is the total number of CSR strengths less the total number of CSR concerns, across six of the seven dimensions for each firm in each year of the sample (Adjusted CSR Score). In addition, the authors estimate all the analyses with dis-aggregated measures of total CSR strengths and total CSR concerns (Adjusted Total Strength Score).

Findings

The authors find that analysts correctly distinguish and construe bank CSR strengths from CSR concerns. Specifically, bank CSR strengths increase analyst following and forecast accuracy, while decreasing analyst forecast dispersion. The authors further find that bank CSR strengths increase bank market returns. These results are reversed for bank CSR concerns. Additionally, the authors demonstrate that this method using knowledgeable intermediaries can help validate bank CSR strengths.

Research limitations/implications

The sample is limited to US banks and financial markets. The regulatory and information environment is likely to be different from global or emerging markets. However, since banks in many countries aspire to emulate the US banks, these results would be a precursor of banking sectors conditions in emerging markets. Additionally, the availability of data limits the sample to a period that ends in 2016. To the extent that the importance of ESG and CSR concerns has increased in the intervening time, the results may not accurately reflect the current state of the market.

Practical implications

This investigation benefits researchers, customers, banking executives, regulators and activist groups. First, the authors show that in addition to customers, analysts and the financial markets appreciate bank CSR strengths. Second, despite sophisticated financial reporting by banks, analysts correctly distinguish and construe bank CSR strengths. Third, the authors demonstrate a method for bank marketing researchers to validate genuine bank CSR activity, as well as provide additional support for customer related bank CSR outcomes. Fourth, the findings highlight the importance for banks to have high-quality CSR reporting. This might be especially helpful to a bank rebuilding its reputation after a CSR failure. Finally, this investigation using US banks could serve as a precursor for future bank CSR research and help develop CSR reporting guidelines for banks in emerging economies.

Social implications

This investigation benefits researchers, customers, banking executives, regulators and activist groups.

Originality/value

This investigation benefits researchers, customers, banking executives, regulators and activist groups. First, the authors show that in addition to customers, analysts and the financial market appreciates bank CSR strengths. Second, despite sophisticated financial reporting by banks, analysts correctly distinguish and construe bank CSR strengths. Third, the authors demonstrate a method for bank marketing researchers to validate genuine bank CSR activity, as well as provide additional support for customer related bank CSR outcomes. Fourth, the findings highlight the importance for banks to have high-quality CSR reporting. This might be especially helpful to a bank rebuilding its reputation after a CSR failure. Finally, this investigation using US banks could serve as a precursor for future bank CSR research and help develop CSR reporting guidelines for banks in emerging economies.

Content available
Article
Publication date: 11 January 2011

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Abstract

Details

Anti-Corrosion Methods and Materials, vol. 58 no. 1
Type: Research Article
ISSN: 0003-5599

Article
Publication date: 1 August 1959

An aircraft landing gear bracing strut comprises two arms, pivoted to the aircraft and the landing gear, respectively, and also pivoted together about an axis lying outside the…

Abstract

An aircraft landing gear bracing strut comprises two arms, pivoted to the aircraft and the landing gear, respectively, and also pivoted together about an axis lying outside the plane containing the pivotal axes of the two arms to the aircraft and landing gear when the latter is extended, wherein one of the arms constitutes the body of a fluid operated jack, of which the piston rod is coupled to the other arm through a connecting link. In FIG. 1, the wheel strut 1 is pivoted to an aircraft wing at C, and braced by a strut 3 breakable at D and pivoted to the wing at A and to the strut 1 at B. In FIG. 2, the strut 3 comprises two arms 4, 5 hinged on a pin 6. The arm 4 forms a cylinder in which works a piston 12, the rod 13 of which is universally jointed to a coupling rod 15 pivoted to the arm 5 at 16. The universal joint runs on a roller 17 in a guide 18 formed in the arm 4. Admission of fluid under pressure to port 21 and connexion of port 22 exhaust breaks and folds the strut, retracting the undercarriage, and vice versa. An abutment 19 on arm 5 abuts a strengthened portion 20 on arm 4 when the strut is extended. The cylinder is formed with members 23, and the piston with a sliding portion 24 as in Specification 527,225 to form a down‐lock. When the strut is fully opened, the piston actuates a member 26 to give an indication to the pilot. Specification 551,673 also is referred to.

Details

Aircraft Engineering and Aerospace Technology, vol. 31 no. 8
Type: Research Article
ISSN: 0002-2667

Article
Publication date: 11 May 2018

L.M. Quej-Ake, A. Contreras and Jorge Aburto

The purpose of this research is to study different extra-heavy crude oil-in-water emulsions that can be found in practice for corrosion process of X52 steel adding 60 mg.L-1 of…

Abstract

Purpose

The purpose of this research is to study different extra-heavy crude oil-in-water emulsions that can be found in practice for corrosion process of X52 steel adding 60 mg.L-1 of non-ionic surfactant and a corrosion inhibitor (CI). Electrochemical impedance spectroscopy and Tafel plots are carried out. Thus, Bode-modulus and Bode-phase angle plots are discussed. Adsorption isotherms obtained from corrosion rate (CR) values are taken into account.

Design/methodology/approach

Two-electrode arrangement is used to characterize the pseudo-capacitance values for X52 steel exposed to water and crude oil phases, mainly. Electrochemical evaluations for X52 steel exposed to extra-heavy crude oil-in-water emulsions are recorded in a conventional three-electrode cell to study the corrosion process as was documented in detail by Quej-Ake et al. (2015). Therefore, all electrodes are placed as close as possible to eliminate the iR-drop.

Findings

Pseudo-capacitance analysis shows that X52 steel immersed in oilfield produced water was more susceptible to corrosion than that immersed in ocean water solution and extra-heavy crude oil phase. After being analyzed, the X52 steel surface coverage and adsorption process for surfactant and CI could be concluded that surfactant could protect the metal surface. In a coalescence extra-heavy crude oil-in-water emulsion, the water medium generated a new solution that was more corrosive than the original water phase. Wash crude oil process was provoked in emulsion systems to sweep up the salts, mainly. Thus, corrosive species that can be recovered inside extra-heavy crude oil may appear, and in turn a new more corrosive solution could be obtained. Taking into account the straight line obtained in Bode-modulus plot for X52 exposed to extra-heavy crude oil, it is possible to point out that the negative value of the slope or R2 can be related to a coefficient (Jorcin et al., 2006). It is important to mention that electrochemical responses for X52 steel exposed to extra-heavy crude oil-in-water under coalescence emulsions revealed that corrosion and diffusion processes exist. Therefore, a possible good inhibitor is surfactant in emulsion systems.

Originality/value

CR and anodic and cathodic slopes suggest that the surfactant acted as mixed CI. Of these, susceptible anodic (MnS and perlite or cementite) and cathodic (ferrite) sites on steel surface could be affected, due to which physicochemical adsorption could happen by using electrochemical parameters analysis. Thus, no stable emulsions should be taken into account for extra-heavy crude oil transportation, because corrosion problems in atmospheric distillation process of the crude oil due to stable emulsion cannot be easily separated. In this manner, coalescent emulsions are more adequate for transporting extra-heavy crude oil because low energy to separate the water media is required.

Details

Anti-Corrosion Methods and Materials, vol. 65 no. 3
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 10 April 2017

Suraksha Gupta

This paper aims to reflect on different issues and perspectives on returns on investments made by MNEs towards social development. Need for an inclusive society drives accountable…

Abstract

Purpose

This paper aims to reflect on different issues and perspectives on returns on investments made by MNEs towards social development. Need for an inclusive society drives accountable and effective cooperation between different actors in a market. Although multinational enterprises (MNEs) that operate in developing markets invest in social development, their managers find it very challenging to incorporate social development agenda into their business practices. Therefore, academics should develop business models which can guide thoughts and actions of managers of MNEs towards social development while allowing them to hold on to the business objectives and targets.

Design/methodology/approach

A review of current literature with available anecdotes about business practices helped the author to form a viewpoint and make recommendations.

Findings

The objective of the eighth millennium development goal is to promote global partnership between MNEs and domestic firms with or without intervention of a subsidiary. Addressing the particular needs of developing countries, such as capability enhancement or poverty reduction by managers of MNEs in a global setting, becomes a very complex issue. Investments by MNEs in developing countries towards these objectives are driven by different factors such as operational transparency, technological efficiency, investment types, innovation capability, branding strategy, quality assurance, public–private partnership, market-based pricing, reciprocity, distribution for penetration, etc., apart from linkages they create for developing resource-based competencies required for survival in a competitive market.

Research limitations/implications

Empirical investigation of the viewpoint presented here will be required to convert recommendations into models applicable by managers of MNEs.

Practical implications

This study will help to enable managers of MNEs to perform need-based socially responsible actions.

Social implications

This study will facilitate participation of MNEs in social development through their contributions towards poverty reduction and capability enhancement.

Originality/value

This paper pushes managers and academic scholars to think about the strategies required to incorporate social agenda into business models of MNEs benefiting from developing markets.

Details

Qualitative Market Research: An International Journal, vol. 20 no. 2
Type: Research Article
ISSN: 1352-2752

Keywords

Article
Publication date: 21 August 2017

Jenni Romaniuk, Samuel Wight and Margaret Faulkner

Brand awareness is a pivotal, but often neglected, aspect of consumer-based brand equity. This paper revisits brand awareness measures in the context of global brand management.

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Abstract

Purpose

Brand awareness is a pivotal, but often neglected, aspect of consumer-based brand equity. This paper revisits brand awareness measures in the context of global brand management.

Design/methodology/approach

Drawing on the method of Laurent et al. (1995), this cross-sectional longitudinal study examines changes in brand awareness over time, with sample sizes of approximately 300 whisky consumers per wave in three countries: United Kingdom, Taiwan and Greece.

Findings

There is consistency in the underlying structure of awareness scores across countries, and over time, extending the work of Laurent et al. (1995). Results show that a relevant operationalisation of brand awareness needs to account for the history of the brand. Furthermore, the nature of the variation of brand awareness over time interacts with a brand’s market share.

Research limitations/implications

When modelling the impact of brand awareness researchers need to consider two factors – the brand’s market share and whether a more stable or volatile measure is sought. This avoids mis-specifying the country-level contribution of brand awareness.

Practical implications

Global brand managers should be wary of adopting a “one size fits all” approach. The choice of brand awareness measure depends on the brand’s market share, and the desire for higher sensitivity or stability.

Originality/value

The paper provides one of the few multi-country investigations into brand awareness that can help inform global brand management.

Details

Journal of Product & Brand Management, vol. 26 no. 5
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 4 January 2019

Smitha Vasudevan and F.J. Peter Kumar

Brand awareness is a key cognitive metric and a vital component of consumer-based brand equity. Generating and maintaining brand awareness has been an important metric for brands…

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Abstract

Purpose

Brand awareness is a key cognitive metric and a vital component of consumer-based brand equity. Generating and maintaining brand awareness has been an important metric for brands and a significant outcome of advertising and promotional activities. Brand awareness has been studied over the years in the context of market share and mind share and is considered to be the fundamental starting point of a brand relationship. Most branding variables are challenged in their linear definitions by the multi-dimensionality of the connected online world. Consumers may start their brand journey with brand awareness and then proceed to explore higher options in a non-linear fashion. This challenges traditional advertising and brand salience models. In the web context, brand awareness could even happen with little prior cognitive processing. The purpose of this paper is to explore the little researched area of brand awareness in the context of Indian websites.

Design/methodology/approach

The study leveraged technology to study the brand discovery behaviour of real estate website users in India. The authors looked at essentially modified processes such as the brand experience journey, specifically, the sources and antecedents of brand awareness for real estate websites. Considering the fact that direct and indirect traffic to a website is indicative of the brand awareness metrics, the authors analyse the metric as a basis of the comparison.

Findings

Brand awareness in the digital world can be attributed as firm generated, user generated and, as the authors also discover, experience initiated. The altered dimensions have a profound impact on the brand advertising spends of not just digital brands, but all marketers who will find digital technology increasingly central to their brand communication efforts.

Research limitations/implications

Burgeoning websites and media proliferation have increased the source set for website discovery. Customers do not rely solely on advertising or chance encounter to discover a new brand. Usage of search engines remains the key point of discovery for brand awareness. Some of the respondents recognised websites from prior advertising exposure and selected the brand from the consideration set offered in the search results for their keyword search. In other cases, brand awareness followed brand experience as the users did not process the brand information or, in most cases, were not aware of the brand name prior to website visit. The quality of brand experience created brand awareness and had further implications, including brand visit intent.

Practical implications

While mass media television advertising and ubiquitous online advertising can build brand awareness, the impact of search engine advertising and search engine optimisation is equally significant, if not more important. Brand managers can additionally focus on branding on the search channel in the light of increasing search intensity. Beyond traditional keyword planning, this can be an enhanced branding platform for reaching out to specific behavioural or character traits of the target audience. Brand experience can mature from task completion to brand awareness and higher level values if the website includes key brand messages and goals.

Originality/value

This paper offers insight into the little known field of online brand management. Information intermediary websites are unique in their value proposition, and brand building is challenging. Real estate websites have grown in popularity, but have not merited researcher attention. This paper offers a unique perspective on branding websites, specifically in the context of emerging markets like India.

Details

Property Management, vol. 37 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 1 February 2022

Mohamad Rahmawan Arifin, Bayu Sindhu Raharja and Arif Nugroho

With a substantial Muslim population in the world, Indonesia has economic potential in halal products’ consumption. However, as new products develop, halal products need a…

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Abstract

Purpose

With a substantial Muslim population in the world, Indonesia has economic potential in halal products’ consumption. However, as new products develop, halal products need a specific marketing strategy since the consumers of this industry have unique characteristics. This study aims to examine consumer behavior toward halal products by examining how content quality, religious consciousness and brand awareness affect consumer buying behavior and consumer loyalty.

Design/methodology/approach

This research uses a quantitative approach by surveying 1,429 young Muslim students in Indonesia. This research uses a structural equation model analysis to prove the relationship among the variables of this study.

Findings

The results revealed that religious consciousness and content quality have a direct positive significant influence on consumer buying behavior. The indirect significant effect is also exhibited by brand awareness as a mediating variable. This paper also found empirical evidence that consumer buying behavior has a significant positive relationship with consumer loyalty. Besides, the significant positive relationship between consumer buying behavior and consumer loyalty is moderated by consumers’ gender.

Research limitations/implications

This study is restricted in young Muslim community from Islamic universities in Yogyakarta and Central Java, Indonesia. Besides that, this research is further restricted regarding the involved variables that is tested in proposed model. This concerns the involvement of content quality, religious consciousness, brand awareness, consumer buying behavior and consumer loyalty.

Practical implications

The result would give an insight to marketing practitioners on formulating marketing strategy to attract much consumers on purchasing halal products and then expanding their business. This study further profound that religious-based products’ consumers have seem characteristics to conventional-based products, they need to be induced through rational approaches of appropriate content marketing strategy.

Originality/value

This study gives an empirical proof to extended of stimuli-organism-respond model, which is held by many scholars as the primary theory in spelling out the consumer behavior. To the best of the authors’ knowledge, this research is the first study that attempts the using of such theory to capture the consumer behavior in halal industry. Besides, this study further serves a breakthrough on how does content marketing determine young Muslim consumers’ behavior.

Details

Journal of Islamic Marketing, vol. 14 no. 4
Type: Research Article
ISSN: 1759-0833

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