Abstract: This paper estimates the economic values of
household preference for enhanced solid waste disposal services in
Malaysia. The contingent valuation (CV) method estimates an
average additional monthly willingness-to-pay (WTP) in solid waste
management charges of Ôé¼0.77 to 0.80 for improved waste disposal
services quality. The finding of a slightly higher WTP from the
generic CV question than that of label-specific, further reveals a
higher WTP for sanitary landfill, at Ôé¼0.90, than incineration, at Ôé¼0.63.
This suggests that sanitary landfill is a more preferred alternative.
The logistic regression estimation procedure reveals that household-s
concern of where their rubbish is disposed, age, ownership of house,
household income and format of CV question are significant factors
in influencing WTP.
Abstract: Using Turkish data, in this study it is investigated that
whether a firm’s ownership structure has an impact on its stock
prices after the crisis. A linear regression model is conducted on the
data of non-financial firms that are trading in Istanbul Stock
Exchange 100 Index (ISE 100) index. The findings show that, all
explanatory variables such as inside ownership, largest ownership,
concentrated ownership, foreign shareholders, family controlled and
dispersed ownership are not very important to explain stock prices
after the crisis. Family controlled firms and concentrated ownership
is positively related to stock price, dispersed ownership, largest
ownership, foreign shareholders, and inside ownership structures
have negative interaction between stock prices, but because of the p
value is not under the value of 0.05 this relation is not significant. In
addition, the analysis shows that, the shares of firms that have inside,
largest and dispersed ownership structure are outperform comparing
with the other firms. Furthermore, ownership concentrated firms
outperform to family controlled firms.
Abstract: In this work, we present for the first time in our perception an efficient digital watermarking scheme for mpeg audio layer 3 files that operates directly in the compressed data domain, while manipulating the time and subband/channel domain. In addition, it does not need the original signal to detect the watermark. Our scheme was implemented taking special care for the efficient usage of the two limited resources of computer systems: time and space. It offers to the industrial user the capability of watermark embedding and detection in time immediately comparable to the real music time of the original audio file that depends on the mpeg compression, while the end user/audience does not face any artifacts or delays hearing the watermarked audio file. Furthermore, it overcomes the disadvantage of algorithms operating in the PCMData domain to be vulnerable to compression/recompression attacks, as it places the watermark in the scale factors domain and not in the digitized sound audio data. The strength of our scheme, that allows it to be used with success in both authentication and copyright protection, relies on the fact that it gives to the users the enhanced capability their ownership of the audio file not to be accomplished simply by detecting the bit pattern that comprises the watermark itself, but by showing that the legal owner knows a hard to compute property of the watermark.
Abstract: A preliminary evaluation of the urban land system is
presented in the article together with the instruments of land policy in
Serbia. The main reason for the analysis is demand for
definition of reform framework for urban land management in
Serbia in the period of transition towards market-led system. It
is concluded that due to the limitations of the current regulation it
will be impossible in the future to apply market principles in the
urban land policy (supply and demand of land, land capitalization,
investment efficiency, et al.). Based on the estimation that the urban
land system and land policy are key factors of competitiveness
between regions and towns in Serbia, it is necessary to initiate
changes in this field. There are indicated on an option of privatization
of urban public land and possible establishment of leasehold land. A
comparative analysis of the possibilities of the reform urban land
system in Serbia has been carried out in relation to two approaches of
market systems: (a) with dominant private ownership of urban land
(neo/liberal approach) and (b) with dominant public ownership of
urban land (system of leasehold)whose findings can be a basis for
further study of the new system in Serbia.. The attanied results are
part of studies matter for the making of Strategy of territorial
development of Serbia.
Abstract: Using data of listed Croatian firms from the Zagreb
Stock Exchange we analyze the relationship between firm ownership
(ownership concentration and type) and performance (ROA).
Empirical research was conducted for the period 2003-2010, yielding
with the total of 1,430 observations. Empirical findings based on
dynamic panel analysis indicate that ownership concentration
variable - CR4 is negatively related with performance, i.e. listed firms
with dispersed ownership perform better than firms with concentrated
ownership. Also, the research indicated that foreign controlled listed
firms perform better than domestically controlled firms. Majority
state owned firms perform worse than privately held firms but
dummy variable for privately controlled firms was not statistically
significant in the estimated panel model.
Abstract: The inability to implement the principles of good
corporate governance (GCG) as demonstrated in the surveys is due to
a number of constraints which can be classified into three; namely internal constraints, external constraints, and constraints coming
from the structure of ownership. The issues in the internal constraints
mentioned are related to the function of several elements of the company. As a business organization, corporation is unable to
achieve its goal to successfully implement GCG principles since it is
not support by its internal elements- functions. Two of several numbers of internal elements of a company are ethical work climate
and leadership style of the top management.
To prove the correlation between internal function of organization
(in this case ethical work climate and transformational leadership)
and the successful implementation of GCG principles, this study
proposes two hypotheses to be empirically tested on thirty surveyed organizations; eleven of which are state-owned companies and
nineteen are private companies. These thirty corporations are listed in
the Jakarta Stock Exchange. All state-owned companies in the
samples are those which have been privatized.
The research showed that internal function of organization give
support to the successful implementation of GCG principle. In this
research we can prove that : (i) ethical work climate has positive
significance of correlation with the successful implementation of
social awareness principle (one of principles on GCG) and, (ii) only
at the state-owned companies, transformational leadership have
positive significance effect to forming the ethical work climate.
Abstract: Socioeconomic stability and development of a
country, can be describe by housing affordability. It is aimed to
ensure the housing provided as one of the key factors that is
affordable by every income earner group whether low-income,
middle income and high income group. This research carried out is to
find out affordability of home ownership level for first medium cost
landed-house by the middle-income group in Selangor, Malaysia. It is
also hope that it could be seen as able to contribute to the knowledge
and understanding on housing affordability level for the middleincome
group and variables that influenced the medium income
group-s ability to own first medium-cost houses.
Abstract: This article discusses the concept of student ownership of knowledge and seeks to determine how to move students from knowledge acquisition to knowledge application and ultimately to knowledge generation in a virtual setting. Instructional strategies for fostering student engagement in a virtual environment are critical to the learner-s strategic ownership of the knowledge. A number of relevant theories that focus on learning, affect, needs and adult concerns are presented to provide a basis for exploring the transfer of knowledge from teacher to learner. A model under development is presented that combines the dimensions of knowledge approach, the teacher-student relationship with regards to knowledge authority and teaching approach to demonstrate the recursive and scaffolded design for creation of virtual learning environments.
Abstract: The Economic factors are leading to the rise of
infrastructures provides software and computing facilities as a
service, known as cloud services or cloud computing. Cloud services
can provide efficiencies for application providers, both by limiting
up-front capital expenses, and by reducing the cost of ownership over
time. Such services are made available in a data center, using shared
commodity hardware for computation and storage. There is a varied
set of cloud services available today, including application services
(salesforce.com), storage services (Amazon S3), compute services
(Google App Engine, Amazon EC2) and data services (Amazon
SimpleDB, Microsoft SQL Server Data Services, Google-s Data
store). These services represent a variety of reformations of data
management architectures, and more are on the horizon.
Abstract: After the accounting scandals and the financial crisis, regulators have stressed the need for more financial experts on boards. Several studies conducted in countries with developed capital markets report positive effects of board financial competencies. As each country offers a different context and specific institutional factors this paper addresses the subject in the context of Romania. The Romanian capital market offers an interesting research field because of the heterogeneity of listed firms. After analyzing board members education based on public information posted on listed companies websites and their annual reports we found a positive association between the proportion of board members holding a postgraduate degree in financial fields and market based performance measured by Tobin q. We found also that the proportion of Board members holding degrees in financial fields is higher in bigger firms and firms with more concentrated ownership.
Abstract: This paper presents an approach for daily optimal operation of distribution networks considering Distributed Generators (DGs). Due to private ownership of DGs, a cost based compensation method is used to encourage DGs in active and reactive power generation. The objective function is summation of electrical energy generated by DGs and substation bus (main bus) in the next day. A genetic algorithm is used to solve the optimal operation problem. The approach is tested on an IEEE34 buses distribution feeder.
Abstract: Advent enhancements in the field of computing have
increased massive use of web based electronic documents. Current
Copyright protection laws are inadequate to prove the ownership for
electronic documents and do not provide strong features against
copying and manipulating information from the web. This has
opened many channels for securing information and significant
evolutions have been made in the area of information security.
Digital Watermarking has developed into a very dynamic area of
research and has addressed challenging issues for digital content.
Watermarking can be visible (logos or signatures) and invisible
(encoding and decoding). Many visible watermarking techniques
have been studied for text documents but there are very few for web
based text. XML files are used to trade information on the internet
and contain important information. In this paper, two invisible
watermarking techniques using Synonyms and Acronyms are
proposed for XML files to prove the intellectual ownership and to
achieve the security. Analysis is made for different attacks and
amount of capacity to be embedded in the XML file is also noticed.
A comparative analysis for capacity is also made for both methods.
The system has been implemented using C# language and all tests are
made practically to get the results.
Abstract: Application of Geo-Informatic technology in land
tenure and land use on the economic crop area, to create sustainable
land, access to the area, and produce sustainable food for the demand
of its people in the community. The research objectives are to 1)
apply Geo-Informatic Technology on land ownership and agricultural
land use (cash crops) in the research area, 2) create GIS database on
land ownership and land use, 3) create database of an online Geoinformation
system on land tenure and land use. The results of this
study reveal that, first; the study area is on high slope, mountains and
valleys. The land is mainly in the forest zone which was included in
the Forest Act 1941 and National Conserved Forest 1964. Residents
gained the rights to exploit the land passed down from their
ancestors. The practice was recognized by communities. The land
was suitable for cultivating a wide variety of economic crops that was
the main income of the family. At present the local residents keep
expanding the land to grow cash crops. Second; creating a database
of the geographic information system consisted of the area range,
announcement from the Interior Ministry, interpretation of satellite
images, transportation routes, waterways, plots of land with a title
deed available at the provincial land office. Most pieces of land
without a title deed are located in the forest and national reserve
areas. Data were created from a field study and a land zone
determined by a GPS. Last; an online Geo-Informatic System can
show the information of land tenure and land use of each economic
crop. Satellite data with high resolution which could be updated and
checked on the online Geo-Informatic System simultaneously.
Abstract: This paper attempts to identify the significance of
Information and Communications Technology (ICT) and
competitiveness to the profit efficiency of commercial banks in
Malaysia. The profit efficiency of commercial banks in Malaysia, the
dependent variable, was estimated using the Stochastic Frontier
Approach (SFA) on a sample of unbalanced panel data, covering 23
commercial banks, between 1995 to 2007. Based on the empirical
results, ICT was not found to exert a significant impact on profit
efficiency, whereas competitiveness, non ICT stock expenditure and
ownership were significant contributors. On the other hand, the size
of banks was found to have significantly reduced profit efficiency,
opening up for various interpretations of the interrelated role of ICT
and competition.