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Article
Publication date: 28 February 2015

Yura Kim, Jeongsun Yun, Hyun Woo Choi and Gyuyoung Hwang

Literature documents that executives' inside debt holdings (debt-based managerial compensation) such as defined-benefit pensions and retirement funds are often unfunded and…

30

Abstract

Literature documents that executives' inside debt holdings (debt-based managerial compensation) such as defined-benefit pensions and retirement funds are often unfunded and unsecured and have long maturities, and thus provide managerial incentives to pursue strategies to avoid the overall firm risk. This study investigates the effect of managerial inside debt compensation relative to equity-based compensation on a firm's dividend payout policy. We find that a inside debt holdings are positively associated with various measures of a firm's dividend payout policy. Additionally, we find empirical evidence in firms with inside debt holdings that the inverse relationship between high default risk measured by KZ index and dividend payout weakens as the portion of inside debt relative to equity-based compensation rises. This finding indicates that the needs for the firm to restrain dividend payouts to equity holders is reduced as the executive's debt-to-equity compensation ratio becomes larger. Overall, the results suggests the mitigating effect of executives' inside debt holdings on the conflicts between bondholders and shareholders can lead to generous payout policy.

Details

Journal of Derivatives and Quantitative Studies, vol. 23 no. 1
Type: Research Article
ISSN: 2713-6647

Keywords

Article
Publication date: 8 June 2018

Swayam Sampurna Panigrahi, Bikram Bahinipati and Vipul Jain

The business enterprises are increasingly focusing on buying and supplying of products and services in a manner to reduce the adverse impacts on the environment, society, and…

22251

Abstract

Purpose

The business enterprises are increasingly focusing on buying and supplying of products and services in a manner to reduce the adverse impacts on the environment, society, and economy. In view of the above, the concept of sustainable supply chain management (SSCM) has received attention of the industry and academia due to its importance on environmental, social and corporate responsibility through economic performance. The paper aims to discuss these issues.

Design/methodology/approach

The structured literature review attempts to map the various theories in the SSCM literature from the perspectives of economic performance, environmental dimensions, and social values and ethics.

Findings

As supply management is vital for enhancing organizational competitiveness, the present work attempts to investigate the theoretical perspectives in SSCM to develop an understanding of the current research activities and future potentials.

Practical implications

This work aims to gain a number of valid insights for the practitioners and the researchers. It also focuses on the perspectives of governance mechanisms for successful implementation SSCM practices in the business enterprises.

Originality/value

As the theory building initiatives with implications on the conceptualization of SSCM is limited in literature, this work has also been able to identify the trends and relevant research gaps to define the potential areas for future research.

Details

Management of Environmental Quality: An International Journal, vol. 30 no. 5
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 1 May 2000

Jaroslav Mackerle

A bibliographical review of the finite element methods (FEMs) applied for the linear and nonlinear, static and dynamic analyses of basic structural elements from the theoretical…

3543

Abstract

A bibliographical review of the finite element methods (FEMs) applied for the linear and nonlinear, static and dynamic analyses of basic structural elements from the theoretical as well as practical points of view is given. The bibliography at the end of the paper contains 1,726 references to papers, conference proceedings and theses/dissertations dealing with the analysis of beams, columns, rods, bars, cables, discs, blades, shafts, membranes, plates and shells that were published in 1996‐1999.

Details

Engineering Computations, vol. 17 no. 3
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 30 March 2012

Antonio Liotta, Daniël Geelen, Gert van Kempen and Frans van Hoogstraten

At present the energy generation and distribution landscape is changing rapidly. The energy grid is becoming increasingly smart, relying on an information network for the purposes…

1075

Abstract

Purpose

At present the energy generation and distribution landscape is changing rapidly. The energy grid is becoming increasingly smart, relying on an information network for the purposes of monitoring and optimization. However, because of the particularly stringent regulatory and technical constraints posed by smart grids, it is not possible to use ordinary communication protocols. The purpose of this paper is to revisit such constraints, reviewing the various options available today to realize smart‐metering networks.

Design/methodology/approach

After describing the regulatory, technological and stakeholders' constraints, the authors provide a taxonomy of network technologies, discussing their suitability and weaknesses in the context of smart‐metering systems. The authors also give a snapshot of the current standardization panorama, identifying key differences among various geographical regions.

Findings

It is found that the field of smart‐metering networks still consists of a fragmented set of standards and solutions, leaving open a number of issues relating to the design and deployment of suitable systems.

Originality/value

This paper addresses the need to better understand state‐of‐the‐art and open issues in the fast‐evolving area of smart energy grids, with particular attention to the challenges faced by communication engineers.

Details

International Journal of Pervasive Computing and Communications, vol. 8 no. 1
Type: Research Article
ISSN: 1742-7371

Keywords

Article
Publication date: 1 September 1999

Jaroslav Mackerle

This paper gives a review of the finite element techniques (FE) applied in the analysis and design of machine elements; bolts and screws, belts and chains, springs and dampers…

4353

Abstract

This paper gives a review of the finite element techniques (FE) applied in the analysis and design of machine elements; bolts and screws, belts and chains, springs and dampers, brakes, gears, bearings, gaskets and seals are handled. The range of applications of finite elements on these subjects is extremely wide and cannot be presented in a single paper; therefore the aim of this paper is to give FE researchers/users only an encyclopaedic view of the different possibilities that exist today in the various fields mentioned above. An Appendix included at the end of the paper presents a bibliography on finite element applications in the analysis/design of machine elements for 1977‐1997.

Details

Engineering Computations, vol. 16 no. 6
Type: Research Article
ISSN: 0264-4401

Keywords

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