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This paper aims to investigate the impact of corporate dividend policy on the capital structure in the Korean stock market. To distinctly discern the voluntariness of changes in corporate dividend policy, we analyze companies that, following a substantial increase, do not reduce dividends for the subsequent two years or, after a significant decrease, do not raise dividends for the following two years. Our empirical findings indicate that companies that increase dividends experience a significant decrease in both book and market leverage, even after controlling for variables such as target leverage ratios. This result suggests that a large increase in dividends can effectively reduce information asymmetry, leading to a lower cost of equity. On the contrary, after a decrease in dividends, both book leverage and market leverage significantly increase, revealing a symmetric relationship between dividend policy and capital structure. In conclusion, large dividend increases in Korean companies not only reduce information asymmetry but also lower the cost of equity capital, resulting in observable changes in the leverage ratio.

The purpose of this study is to experimentally determine whether mechanical properties of concrete can be improved by using olive pomace aggregates (OPA) as a substitute for natural sand. Two types of OPA were tested by replacing an equivalent amount of natural sand. The first type was OPA mixed with olive mill wastewater (OMW), and the second type was OPA not mixed with OMW. For each type, two series of concrete were produced using OPA in both dry and saturated states. The percentage of partial substitution of natural sand by OPA varied from 0% to 15%.

The addition of OPA leads to a reduction in the dry density of hardened concrete, causing a 5.69% decrease in density when compared to the reference concrete. After 28 days, ultrasonic pulse velocity tests indicated that the resulting material is of good quality, with a velocity of 4.45 km/s. To understand the mechanism of resistance development, microstructural analysis was conducted to observe the arrangement of OPA and calcium silicate hydrates within the cementitious matrix. The analysis revealed that there is a low level of adhesion between the cement matrix and OPA at interfacial transition zone level, which was subsequently validated by further microstructural analysis.

The laboratory mechanical tests indicated that the OPCD_OPW (5) sample, containing 5% of OPA, in a dry state and mixed with OMW, demonstrated the best mechanical performance compared to the reference concrete. After 28 days of curing, this sample exhibited a compressive strength (R_c) of 25 MPa. Furthermore, it demonstrated a tensile strength of 4.61 MPa and a dynamic modulus of elasticity of 44.39 GPa, with rebound values of 27 MPa. The slump of the specimens ranged from 5 cm to 9 cm, falling within the acceptable range of consistency (Class S2). Based on these findings, the OPCD_OPW (5) formulation is considered optimal for use in concrete production.

This research paper provides a valuable contribution to the management of OPA and OMW (OPA_OMW) generated from the olive processing industry, which is known to have significant negative environmental impacts. The paper presents an intriguing approach to recycling these materials for use in civil engineering applications.

Since columns are critical structural elements, they shall withstand hazards without any considerable damage. In the case of a fire, although concrete has low thermal conductivity compared to other construction materials, its properties are changed at elevated temperatures. Most critically, the residual compressive strengths of reinforced concrete columns are significantly reduced after fire exposure. Validation of the worthiness of rehabilitating concrete structures after fire exposure is highly dependent on accurately determining the residual strengths of fire-damaged essential structural elements such as columns.

In this study, eight reinforced-concrete columns (200 × 200 × 1,500 mm) that were experimentally examined in a prior related study have been numerically modelled using ABAQUS software to investigate their residual compressive strengths after exposure to different durations of standard fire (i.e. one and two hours) while subjected to different applied load ratios (i.e. 20 and 40% of the compressive resistance of the column). Outcomes of the numerical simulations were verified against the prior study's experimental results.

In a subsequent phase, the results of a parametric study that has been completed as part of the current study to investigate the effects of the applied load ratios show that the application of axial load up to 80% of the compressive resistance of the column did not considerably influence the residual compressive strength of the shorter columns (i.e. 1,500 and 2,000-mm high). However, increasing the height of the column to 2,500 or 3,000 mm considerably reduced the residual compressive strength when the load ratio applied on the columns exceeded 60 and 40%, respectively. Also, when the different columns were simulated under two-hour standard fire exposure, the dominant failure was buckling rather than concrete crushing which was the typical failure mode in most columns.

The outcomes of the numerical study presented in this paper reflect the residual compressive strength of RC columns subjected to various applied load ratios and standard fire durations. Also, the parametric study conducted as part of this research on the effects of higher load ratios and greater column heights on the residual compressive strength of the fire-damaged columns is practical and efficient. The developed computer models can be beneficial to assist engineers in assessing the validity of rehabilitating concrete structures after being exposed to fire.

The promulgation of group purchasing organizations (GPOs) into the healthcare (HC) sector is an invaluable procurement strategy to manage the suppliers effectively. This study aims to identify and prioritize the factors of integrating GPOs into the HC sector on the perspectives of the developing countries such as India.

The factors are identified from current literature exploration, experts’ support and experience surveys. The factors are scrutinized and shortlisted using the Delphi technique and analysed further using the best-worst model method.

The findings of the study highlight the cost reduction, fair distribution of savings and healthcare supply chain (HCSC) data standardization among others to be the most prioritized drivers. The consulting services provided by GPOs including training and development as a result of high competitiveness in the HC market has been prioritized the least.

The study bears some important implications for decision and policymakers. The managers should consider factors, namely, cost reduction, fair distribution of savings and HCSC data standardization on a priority basis that acts as motivation for the HC providers to join the GPOs.

The study provides valuable insights for HC providers to participate in the GPOs for cost savings and enhance the performances.

Refractory materials are now used in all major industries that demand high-temperature resistance, including petrochemicals, steel, cement and aviation. Businesses must decrease operating costs, enhance product technology, sell well and manage corporate risks in decision-making, notably supplier selection, to be more competitive. The study aims to determine the key criteria and factors of supplier selection and to evaluate the importance of the key factor of the supplier selection criteria for the refractory materials manufacturers in Taiwan.

Analytical hierarchy process (AHP) is used to rank these factors for the decision maker. The AHP method is suitable for verifying refractory supplier selection criteria and providing references. The weighted loss scores for each supplier are then determined using the relative importance as the weights. Supplier selection criteria are ranked using their aggregate weighted loss scores. The provider with the lowest loss score should be chosen.

Product quality is the most significant of the five criteria: product quality, production technology, logistics capacity, service capability and supplier background. Professionalism is the most significant aspect of product quality, whereas equipment and capacity are vital in manufacturing techniques. The studies also show that the delivery rate is essential for logistics and service capabilities.

This research has important implications for refractory suppliers in promptly fine-tuning the production and service to enhance customer satisfaction, which is key to business sustainability.

The application of an AHP technique to a real-world industrial issue is what makes this research unique. This research addressed one of the most critical topics in supply chain operations by offering better judgement for supplier selection via the use of suitable quantitative methodologies.

The purpose of this paper is to make a contribution to understanding the influence of factors such as the water/cement (W/C) ratio and the granular class on the mechanical and physical properties of high-strength concretes (HSCs). In the formulations of HSC, aggregates by their high mass and volume proportion play an important role. When selecting aggregates, it is necessary to know their intrinsic properties. These properties influence the performance of concrete, in particular the quality of the granulate cimentary adhesion.

This experimental study focused on the effect of W/C ratio (0.25, 0.30, 0.35), the effect of replacing a part of cement by silica fume (SF) (8%), the effect of fraction of aggregate on properties of fresh and hardened concrete, the effect of different environment conversation like drinking water and sea water on compressive strength and the study of absorption of water and softening using the mix design method of the University of Sherbrooke combined with the Dreux-Gorisse method which gives good results.

At the end of our work, the examination of the results obtained made it possible to establish the correlations between the formulations studied and the physicomechanical characteristics of the concrete compositions (HSC25, HSC16, HSC8). The results of this study show that the use of three granular classifications (DMAX8, DMAX16 and DMAX25) and three report W/C (0.25, 0.30 and 0.35) in two different conservation environment (drinking water and sea water) give HSCs, HSC25 with an W/C = 0.25 ratio has reached the largest mechanical strength of 90 MPa for different environments of conservation. For selecting aggregates, it is necessary to know their intrinsic properties, these properties influence the strength of concrete. In general, there is a slight decrease in the compressive resistance of the specimens stored in seawater, it can be said that the conservation life has not had effect on the resistance (28 days). The effect of aggressive environment can appear in the long term.

Mixed design and concrete fabrication with a 28-day compressive strength of up to 68 MPa or more of 90 MPa can now be possible used in Jiel (Algeria), and it should no longer be considered to be used only in an experimental domain. Addition of SF in concrete showed good development of strength between 7 and 28 days, depending on the design of the mix.

Concrete containing 8% SF with W/B of 0.25 has higher compressive strength than the other concretes, and concretes with SF are more resistant than concretes without SF, so it is possible to have concrete with a compressive strength of 82 MPa for W/C 0.25 without SF. Like as a result, we can avoid the use of SF to affect the strength of concrete at compressive strength of 68 MPa, and a slump of 21 cm, because the SF is the most expensive ingredient used in the composition of concrete and is therefore very important economically. One of the main factors of production of HSC above 90 MPa is use of aggregate DMAX25, which is stronger with W/B of 0.25 and 0.30.

This mixtures leads to a very dense microstructure and low porosity and produces increased permeability of HSC and is able to resist the penetration of aggressive agents. This combination has a positive effect on the economy of concrete.

The combination of the Dreux-Gorisse method with the Sherbrook method is very beneficial for determining the percentage of aggregates used, and the use of coarse aggregates of Jijel to obtain HSC with 90 MPa and 16 cm of workability.

In the backdrop of an increase in market-based banking activities, this paper aims to study operational efficiency of Indian banking sector during 2009–2010 through 2017–2018 considering Capital Gain and Gain from Forex Market (as desirable outputs) and Slippage (as undesirable byproducts) simultaneously, along with Advances – a desirable output considered in the traditional banking performance assessment literature. This enables to have an assessment of performance (as captured by the measured efficiency scores) of Indian Banks following an alternative viewpoint about the banking activities. The authors also explain such efficiency scores in terms of bank-specific factors, banking industry competition scenario and interest rate channel.

Using data envelopment analysis (DEA) method, the authors estimate six alternatives but interlinked operational efficiency scores (TES) of the Indian domestic commercial banks. In the second stage, they explain such TES in terms of bank-specific factors, banking industry competition scenario and interest rate channel.

The authors observe that the private sector banks as a group outperform those under public ownership. Moreover, although the private sector banks could maintain somewhat consistency in their operational efficiency performance over the sample period, public sector banks clearly show a declining tendency. The second stage econometric estimation results show that the priority sector lending has a negative effect on efficiency. Interestingly, the authors get varying results for the relationship between maturity and efficiency score depending on banks’ strategies on stressed assets management. Furthermore, the analyses result that banks are not so efficient in managing relatively larger-volume loans. It is also observed that banks’ efficiency positively depends on the Credit-to-Deposit (CD) ratio. It is found that the overall operational efficiency of the banks to manage their credit risk portfolio improves with a reduction in the lending rate (LR). However, the interaction of lending activities and capital market shows that with the increase in LR, corporate borrowers may switch to capital market to explore for desired funds, which may induce the banking sector to investment in capital markets and create a positive market sentiment.

Literature, although scanty, is there dealing stressed assets of a bank as some undesirable byproducts of its operational and business activities. However, such literature mostly done within the traditional framework of banking business activities and modern market-based business activities are almost absent in the literature. The authors have done it in the present study.

Coal is the basic energy and essential resource in China, which is crucial to the economic lifeline and energy security of the country. Coal mining has been ever exposed to potential safety risks owing to the complex geologic environment. Effective safety supervision is a vital guarantee for safe production in coal mines. This paper aims to explore the impacts of the internet+ coal mine safety supervision (CMSS) mode that is being emerged in China.

In this study, the key factors influencing CMSS are identified by social network analysis. They are used to develop a multiple linear regression model of law enforcement frequency for conventional CMSS mode, which is then modified by an analytical hierarchy process to predict the law enforcement frequency of internet+ CMSS mode.

The regression model demonstrated high accuracy and reliability in predicting law enforcement frequency. Comparative analysis revealed that the law enforcement frequency in the internet+ mode was approximately 40% lower than the conventional mode. This reduction suggests a potential improvement in cost-efficiency, and the difference is expected to become even more significant with an increase in law enforcement frequency.

To the best of the authors’ knowledge, this is one of the few available pieces of research which explore the cost-efficiency of CMSS by forecasting law enforcement frequency. The study results provide a theoretical basis for promoting the internet+ CMSS mode to realize the healthy and sustainable development of the coal mining industry.

This study aims on a broad review of Concrete's Rheological Properties. The Concrete is a commonly used engineering material because of its exquisite mechanical interpretation, but the addition of constituent amounts has significant effects on the concrete’s fresh properties. The workability of the concrete mixture is a short-term property, but it is anticipated to affect the concrete’s long-term property.

In this review, the concrete and workability definition; concrete’s rheology models like Bingham model, thixotropy model, H-B model and modified Bingham model; obtained rheological parameters of concrete; the effect of constituent’s rheological properties, which includes cement and aggregates; and the concrete’s rheological properties such as consistency, mobility, compatibility, workability and stability were studied in detail.

Also, this review study has detailed the constituents and concrete’s rheological properties effects. Moreover, it exhibits the relationship between yield stress and plastic viscosity in concrete’s rheological behavior. Hence, several methods have been reviewed, and performance has been noted. In that, the abrasion resistance concrete has attained the maximum compressive strength of 73.6 Mpa; the thixotropy approach has gained the lowest plastic viscosity at 22 Pa.s; and the model coaxial cylinder has recorded the lowest stress rate at 8 Pa.

This paper especially describes the possible strategies to constrain improper prediction of concrete’s rheological properties that make the workability and rheological behavior prediction simpler and more accurate. From this, future guidelines can afford for prediction of concrete rheological behavior by implementing novel enhancing numerical techniques and exploring the finest process to evaluate the workability.

This study explores the influence of the coronavirus disease 2019 (COVID-19) career experience on the investment behavior and risk tolerance of chief executive officers (CEOs). Specifically, this study focuses on CEOs' abilities to allocate financial assets and maintain solvency.

This study adopts a comprehensive approach to analyze financial assets and asset-to-liability ratios. Financial data and individual information of CEOs from listed companies are collected from 2020Q1 to 2021Q4, along with statistics on confirmed COVID-19 cases. Instrumental and alternative variables are used to examine the robustness and endogeneity of the research, ensuring a thorough analysis.

A significant positive correlation is revealed between CEOs' COVID-19 career experience and their capacity to effectively allocate financial assets. However, COVID-19 has a negative effect on firm performance in terms of solvency. These findings contribute to the empirical evidence linking the pandemic to company performance, representing part of the initial research in this area.

The study suggests that the implementation of potential policy implications, such as loose monetary policies and tax and fee reduction measures, may alleviate the tax burden on listed companies.