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Article

N A Al‐Anani and Jewell D GW Howe

Due to their high magnetizing field requirement, the emergence of rare‐earth based permanent magnets is creating onerous demands on the capacitor‐discharge systems which…

Abstract

Due to their high magnetizing field requirement, the emergence of rare‐earth based permanent magnets is creating onerous demands on the capacitor‐discharge systems which are used for their initial magnetization, a process which is aggravated by the fact that the transient current pulse induces eddy currents, which inhibit the penetration of the magnetizing field, and causes heating and stressing of the magnetizing fixture. The problems are compounded in multi‐pole and post‐assembly magnetization systems, particularly for fine pole‐pitch fields. However this paper concentrates on the pre‐magnetization of magnets in air‐cored solenoids, which, despite the difficulty in subsequently handling magnetized magnets, remains the most common requirement. It presents a methodology for the design of impulse magnetizing solenoids to produce the amplitude and time to peak of magnetizing field required for a specific generic type and aspect ratio of magnet to be magnetized, and describes a procedure for the subsequent analysis of the complete impulse magnetization system.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 11 no. 1
Type: Research Article
ISSN: 0332-1649

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Article

Rateb Mohammad Alqatamin and Ernest Ezeani

This study investigates the association between the estimates of fair value and external auditor's fees.

Abstract

Purpose

This study investigates the association between the estimates of fair value and external auditor's fees.

Design/methodology/approach

Based on a sample of 32 Jordanian financial companies listed on the Amman Stock Exchange (ASE) over the period 2005–2018. We employ random effect models to test our hypothesis.

Findings

We found a positive relationship between audit fees and the proportion of fair value assets, which implies that external auditors are more likely to spend more effort for complex estimates, thereby increasing audit fees. We examined the relationship between audit fees and three levels of fair value inputs and found a positive relationship between the level of effort spent on assessment of higher uncertainty fair value inputs and audit fees. The findings are consistent with the expectation that more audit effort is required in a highly regulated environment due to the possibility of a higher cost of litigation.

Practical implications

The findings of this study could be beneficial for a number of users of financial information, such as investors, regulators, auditors. This group of users might consider the results of this study when they are using a company's financial information, and consequently, better able to make the right decisions.

Originality/value

Although prior studies have researched fair value, no study to date among developing countries has investigated its relationship with audit fees. This study, therefore, provides new empirical evidence that the complexity and risk of fair value estimates significantly influences auditors' motivation to expend additional effort, resulting in higher audit cost.

Details

Journal of Accounting in Emerging Economies, vol. 11 no. 2
Type: Research Article
ISSN: 2042-1168

Keywords

Content available
Article

Nora Medhat Abdelkader

This paper aims to shed light on the previous ideological stands of the newly established Islamist parties in terms of the idea of party formation, and different models of…

Abstract

Purpose

This paper aims to shed light on the previous ideological stands of the newly established Islamist parties in terms of the idea of party formation, and different models of their relations with the social movements from which they emanated through focusing on some case studies, namely, Egypt and Tunisia, with an attempt to study their impact on the parties’ paths by concentrating on two dimensions: the decision-making process and alliances’ building.

Design/methodology/approach

The paper is written according to the comparative case studies approach and Huntington’s new institutionalism.

Findings

The research findings proved that, in the light of the two case studies, there are two different models of relations exist between the Islamist political parties and the social movements they emanated from, and despite that both parties had come out from social movements or took the form of a movement in their beginnings and were established within the same context, they showed different perspectives in dealing later on with the new institutional and political context and their rising challenges. These perspectives affected the parties’ decision-making process and alliances’ building, as well as their institutional legitimacy and determined their political future.

Originality/value

In the end, this paper attempts to deal with the degree of institutionalization these parties enjoyed, based on how the movements they emanated from had dealt with the dilemma of party building and the party-movement relations.

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Article

Ahmad Mohammad Abdalla Abu Olaim and Aspalella A. Rahman

The purpose of this paper is to examine the impact of the Jordanian anti-money laundering law and its instructions on the Jordanian banking industry. The anti-money…

Abstract

Purpose

The purpose of this paper is to examine the impact of the Jordanian anti-money laundering law and its instructions on the Jordanian banking industry. The anti-money laundering law in Jordan is newly enacted, but there are new developments not covered by the law. For instance, the revolutionary wave known as the Arab Spring surrounding Jordan has increased the crime rates in Jordan, and it has also reduced international coordination and cooperation to encounter money laundering operations. The emergence of new means for money transfer is affecting the efficiency and speed of bank transfers. Subsequently, the impact of the law on Jordanian banks is unknown.

Design/methodology/approach

This paper relies on the Jordanian Anti-Money Laundering and Counter Terrorist Financing Law 2007 as a primary source of information. The relevant Jordanian anti-money laundering instructions that have directly been affecting banks include the Jordanian Anti Money Laundering and Counter Terrorist Financing Instructions Number (51) 2010. These instructions were considered the most important legislation for the purpose of this paper.

Findings

While the Jordanian anti-money laundering law is based on certain principles, the effectiveness of the law is unknown. The Arab Spring, particularly the Syrian revolution, has negatively increased the crime rates and money laundering activities in Jordan. To make matters worse, the international cooperation and coordination between countries in combating money laundering are not at the required level, and this has encouraged money laundering groups to exploit the situation. Only time will tell whether the banks will be able to cope sufficiently with the increased anti-money laundering obligations. Obviously, it is critical at this stage to establish effective coordination between legislators, regulators and the banking industry to minimize problems encountered by the banks, thereby to ensure effective implementation of the law.

Originality/value

This paper provides an examination of the impact of the Jordanian anti-money laundering law that has directly affected banks. It is hoped that this paper would provide some insight into this particular area for academics, practitioners, the legal advisers, banks and policy-makers not only in Jordan but also elsewhere. In view of the international nature of money laundering and banking, there will be significant interest in how the anti-money laundering law affects banks operation in Jordan.

Details

Journal of Money Laundering Control, vol. 19 no. 1
Type: Research Article
ISSN: 1368-5201

Keywords

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