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The purpose of this paper is to examine the effect of choice of accounting standards on the value relevance and accrual quality of reported earnings and book values under International Financial Reporting Standards (IFRS) versus US Generally Accepted Accounting Principles (GAAP).

The authors examine the effect of choice of accounting standards on the value relevance and accrual quality of reported earnings and book values under IFRS versus US GAAP using 404 firms from 37 countries listed in the USA. They use the modified Jones (1991) model to measure accruals.

The authors find that value relevance of the book value of equity is increasing (significantly) when the sample firms use IFRS to prepare their financial statements. They also find some evidence in support of the mediating effect of the choice of accounting standards on the accrual quality of the sample firms. The results of this paper indicate that sample firms with lower accrual quality (larger discretionary accruals) experience higher returns during the fiscal year. However, the authors also find that the positive association between size of discretionary accruals and returns is decreasing in the use of IFRS by the sample firms.

This paper adds to prior literature on the harmonization of accounting standards and emphasizes the role of accounting standards in the quality of financial reporting. By using the financial data of all foreign registrants listed in the USA, the authors are able to provide deeper and more representative evidence.

This paper aims to exploit an orthogonal space-time block code (OSTBC) and maximal ratio combining (MRC) techniques to evaluate error rate performance of multiple-input multiple-output system for different modulation schemes operating over single- and double-Weibull fading channels.

The authors provided a novel analytical expression for cumulative distribution function (CDF) of double-Weibull distribution in the form of Meijer-G function. They also evaluated probability density function (PDF) and CDF for single- and double-Weibull random variables. CDF-based closed-form expressions of symbol error rate (SER) are computed for the proposed systems’ design.

Based on simulation and analytical results, the authors have shown that double-Weibull fading which shows the cascaded nature of channel gives significantly poor SER performance compared to that of single-Weibull fading. Moreover, MRC offers an improved error rate performance compared to that of OSTBC. As the fading parameter increases for any modulation technique, the required signal-to-noise ratio (SNR) gap between single- and double-Weibull fading decreases. Finally, it is observed that the analytical results are a good approximation to simulation results.

For practical implication, the authors use a number of antennas at the base station, but solely to maximize performance, one can use receive diversity, i.e. MRC.

Using higher-order modulation (i.e. 16-QAM), 4 and 1 dB less SNR is required at high and less fading, respectively, in single-Weibull fading as compared to double-Weibull fading. Hence, at higher-order modulation, double-Weibull channel model performs better as compared to lower-order modulation.

The purpose of this paper is to examine what is weighted more by the investors when valuing a dual-class firm’s stock – greater agency costs or better accrual quality of the dual-class firm in contrast to the single-class firm.

Using the financial data of firms issuing multiple classes of stock (hereafter dual-class firms) and firms issuing single class of stock (hereafter single-class firms), the authors measure the effect of firm’s ownership structure (dual class versus single class) on the earnings response coefficients (ERCs) of prior, current and future period earnings.

The authors find that investors care more about agency costs than the quality of accruals in evaluating the earnings of dual-class firms. Specifically, the authors find that current annual returns of the firm are negatively associated with dual-class ownership structure and that earnings informativeness and predictability are decreasing in dual-class ownership of the firm as reflected in decreasing ERCs.

This study adds to prior literature on dual-class ownership which reports greater agency costs and better accrual quality at dual-class firms in contrast to single-class firms. This study contributes to the literature on earnings informativeness and predictability by evaluating the effect of ownership structure on the ERCs of the firm. Investors should be careful when valuing a dual-class firm and should consider agency costs in addition to accrual quality of reported earnings at such firms.

The purpose of the chapter is to integrate the understanding of diversity from different perspectives in Indian context and see how the holistic view emerges.

The methodology used is primarily the literature review of the concepts and their evolution in Indian context and the use of secondary sources to extract praxis information.

It emerged from the exploration on diversity practices at the societal as well as organizational level in India that the country demonstrates intent to mainstream the people from different wakes, but with the changing context the format of the practices has changed.

The basic premise of the chapter needs to be explored further through primary data from practice.

This chapter is novel in a way that it integrates the diversity scholarship of four different streams viz. caste, gender, disability, and generation. Most of the existing research focuses only on a thin slice/one key dimension of diversity.

Introduction: In the context of Sri Lanka, this study compares how institutions and financial development (FD) affect economic growth (EG) and inclusive growth (IG).

Purpose: The well-structured administration and judicial system at the provincial level have been established against the socioeconomic vulnerabilities in the country for an extended period. Still, the country as a whole and provincial level is experiencing huge income and social inequality, though there are required provisions for enhancing the well-being of the people.

Methodology: The study consists of data from the nine provinces from 2013 to 2019. The analysis used the Dynamic Spatial Durbin Model (D-SDM) to explore the spatial dependencies between the provinces. Two models were developed: the interaction of the financial service activities (FSA) and insurance, reinsurance, and pension (INPEN), representing the FD with the EG and IG with and without. The IG index was estimated by principal component analysis (PCA) using indicators of the four dimensions. The results indicated spatial dependency among FD’s interaction with EG when provincial tax (PROTAX) and provincial expenses (PROEXP) are the provincial institutions.

Findings: The IG model results showed the IG’s spatial dependency moderated by the FD and only the IG model between the provinces. PROEXP showed a significant positive spillover impact among provinces towards the IG.

Practical Implications: The finding inform economic policy making while identifying weaknesses in existing local governments. Attention must be given to how poverty can be reduced, enhancing the well-being of the people with the proper channelling of finance and government institutional mechanisms.

Use of packed beds, enhanced tubes, nano-fluids and artificial ribs are few passive techniques to increase heat transfer in solar air heaters (SAHs). Artificial ribs attached to the absorber plate of the SAH will enhance the turbulence near the plate. Experimental analyses are conducted to find the thermal performance of SAH with ribs of regular geometries including rectangular, semi-circular and triangular in cross section. This paper aims to present the improvement in thermal performance of SAH with modified-arc.

Absorber plates are designed with ribs of rectangular, triangular, semi-circular and modified-arc in cross-section using existing data in literature. Physical dimensions of the ribs are designed by adapting procedure from literature. Absorber plates are manufactured with ribs and coated with blackboard paint and fixed to the existing SAH. Experiments are conducted with a variable-speed blower fixed to the inlet section of the SAH, which is used to supply air at different mass flow rates in a range between 0.495 and 0.557 kg/min.

Efficiency is found to be a strong function of mass flow rate of air through the SAH from the present experimental investigations. It was found that use of modified-arc ribs enhanced the efficiency of SAH by 105.35 per cent compared to SAH with plane absorber plate. Efficiency of SAH with modified-arc ribs is found to be higher by 24.43, 45.61 and 63.21 per cent, respectively, for SAH with semi-circular, rectangular and triangular arc ribs on its absorber plate.

Experiments on SAH are conducted during daytime from 9:00 am to 5:00 pm in open atmospheric conditions. Solar intensity is continuously changing during the experimentation from morning to evening. Calculations are made based on the observations with average values of solar intensity and temperature readings. More accurate values of SAH efficiency can be obtained with constant heat supply to the absorber plate by simulating the experimental setup in indoor conditions. Temperature and flow rate observations could be more accurate with sophisticated instrumentation rather than using simple thermocouples and orifice meters.

SAHs are basically used to supply hot air for both rural and industrial applications. These are used for crop drying, preheating of air, removal of moisture from leather, chemicals, etc. Conventionally, formers in India are using open sun drying to remove moisture from agricultural products. In this method, the moisture can be removed up to a level of 20 to 25 per cent. Use of SAH can remove moisture up to below 5 per cent and process is clean without reducing the quality of agricultural products. Enhancing the efficiency of SAHs will surely increase its usage by formers for crop drying.

Use of artificial ribs on absorber plate of SAH is most economical among many of the active and passive techniques. Numerical and experimental investigations are found in literature with regular cross-sectional ribs, including rectangular, triangular and semi-circular. The present work proposed new shape of the ribs named as modified-arc, which was not presented in the literature. Experimental analysis proved that the use of modified-arc makes the SAH more efficient in heat transfer.

This paper aims to investigate diversity management (DM) practices in China and India by analyzing formal DM policy (if one exists) adopted by the company and informal DM practices adopted by managers. It also aims to discuss the appropriateness of the US‐originated notion of, and approach to, managing diversity in the Indian and Chinese contexts by exploring how local managers make sense of diversity and manage it in a pragmatic way.

The authors adopted a qualitative approach. In particular, through a semi‐structured interview design, qualitative data were collected from 16 Chinese and Indian middle and senior managers and four human resources (HR) director of regional headquarters of foreign multinational firms. The data were supplemented by secondary data from a wide range of sources, including government reports and media coverage to extend contextual understanding.

The paper reveals that most Chinese organizations do not see DM as an issue. Where exists, its focus is on conflict avoidance rather than value‐addition to the business. In contrast, managing diversity in India is of greater significance for firms, both legally and financially. Compared with their Chinese counterparts, the Indian managers are much more familiar with the notion of diversity. They are more informed and articulate about diversity issues in their country and organization. DM as a softer approach to human resource management (HRM) has yet to feature as an espoused HR strategy in Chinese and Indian firms.

The paper shows that the starting point and the process of DM in the Chinese and Indian contexts are different from that in the Western contexts. Institutional contexts and cultural traditions are essential to understanding DM issues and likely solutions. Small sample size in the study may limit the generalization of the findings.

The paper has a number of implications for Western multinational corporations that have operations in China and India and intend to adopt a global HR strategy and roll out their DM initiatives to subsidiaries in different parts of the world. It also has implications for Chinese and Indian owned multinational companies operating in the western contexts.

Sources of discrimination and inequality at both macro and micro levels were identified in China and India. The paper also highlights areas for DM to improve leadership skills and organizational performance. The findings may inform policy making and the formulation of organizational strategy, contributing to the elimination of inequality and enhancing employee commitment and productivity.

The paper fills a gap in the DM literature on China and India through a comparative lens. It highlights the contextual differences in political, economic, cultural and social aspects between China and India and between these two and the Western contexts, including the USA and the UK, where the concept of DM as part of the strategic HRM was originated and popularized.

The purpose of this paper is to examine developments in the field of organizational change (OC) with reference to the context of India. It highlights the need to analyze this topic in the present Indian economic environment and discusses the main developments reported in the Indian literature on the same.

Empirical evidence based on a qualitative analysis of a case study undertaken at a public‐private partnership transformation at North Delhi Power Limited (NDPL) in India is presented.

The findings focus on trust building and belongingness for the employees, establishing a high‐performance orientation, quality improvements, and the resultant transformations at NDPL. The analysis indicates a number of ways by which NDPL sought to improve its efficiency in order to better adapt to the rapidly changing Indian business environment.

Based on the findings, the paper identifies key messages for policy makers and change agents regarding how to transform companies in the rapidly changing business contexts of emerging markets such as India.

The paper offers an in‐depth analysis of OC practices in a large organization in India.

The study was aimed to explore the potential impact of microwave heating (450 W for 2, 4, 6 and 8 min) on antioxidant activity, anti-nutritional factors, volatile and phenolic compounds of the plum kernels.

Plum kernels are rich in proteins, lipids and bioactive compounds that are mostly underused and undervalued.

The results showed that microwave heating at 450 W for 6 min significantly (p < 0.05) increased the antioxidant activity, total phenolic and flavonoid content, while the longer treatment time (450 W for 8 min) adversely affected the phenolic compounds. Most importantly, the anti-nutritional factors like amygdalin, hydrocyanic acid, phytic acid and tannin content were reduced up to 87.1, 84.7, 20.9 and 46.2%, respectively at 450 W for 6 min treatment conditions, which was confirmed from the larger shifts observed in FT-IR spectra near 1,157 cm⁻¹. Microwave heating at 450 W for 6 min also proved beneficial in improving the bioavailability of volatile and phenolic compounds including chlorogenic acid, gallic acid, syringic acid, (+)-catechin, caffeic acid, ß-carotene, trans-ferulic acid, rutin trihydrate, 3,4-dihydroxybenzoic acid, tannic acid and quercetin by liberating them from the plant matrix.

The results thus indicate that controlled microwave heating could be an effective approach for the reduction of anti-nutritional factors besides leading to an overall improvement in antioxidant potential and volatile and phenolic compounds. This novel technological approach can proliferate the use of plum kernels in different diversified food formulations.

Some studies have been reported in the past on diaphragmatic hernia (DH) surgery techniques using additive manufacturing (AM) technologies, symptoms of a hernia and post-surgery complications. But hitherto little has been reported on bibliographic analysis (BA) for health monitoring of bovine post-DH surgery for long-term management. Based on BA, this study aims to explore the sensor fabrication integrated with innovative AM technologies for health monitoring assistance of bovines post-DH surgery.

A BA based on the data extracted through the Web of Science database was performed using bibliometric tools (R-Studio and Biblioshiny).

After going through the BA and a case study, this review provides information on various 3D-printed meshes used over the sutured site and available Internet of Things-based solutions to prevent the recurrence of DH.

Research gaps exist for 3D-printed conformal sensors for health monitoring of bovine post-DH surgery.