Abstract: This study aims at providing empirical evidence on a
comparison of two equity valuation models: (1) the dividend discount
model (DDM) and (2) the residual income model (RIM), in
estimating equity values of Thai firms during 1995-2004. Results
suggest that DDM and RIM underestimate equity values of Thai
firms and that RIM outperforms DDM in predicting cross-sectional
stock prices. Results on regression of cross-sectional stock prices on
the decomposed DDM and RIM equity values indicate that book
value of equity provides the greatest incremental explanatory power,
relative to other components in DDM and RIM terminal values,
suggesting that book value distortions resulting from accounting
procedures and choices are less severe than forecast and
measurement errors in discount rates and growth rates.
We also document that the incremental explanatory power of book
value of equity during 1998-2004, representing the information
environment under Thai Accounting Standards reformed after the
1997 economic crisis to conform to International Accounting
Standards, is significantly greater than that during 1995-1996,
representing the information environment under the pre-reformed
Thai Accounting Standards. This implies that the book value
distortions are less severe under the 1997 Reformed Thai Accounting
Standards than the pre-reformed Thai Accounting Standards.
Abstract: Stocking density is considered one of the important
factors affecting fish growth. But, information related to impact of
stocking density on growth performance of monosex tilapia population
under the ecological conditions of Gangetic plains in West Bengal,
India is limited. The aim of our study was to compare the growth
potential of monosex tilapia at various stocking densities and to
determine an ideal stocking density for culture of all-male monosex
fish. The males were isolated by examination of genital papilla region
and were stocked separately in 0.01 ha earthen ponds at different
stocking densities (5000, 10000, 15000, 20000, 25000 and 30000
fingerlings/ha). It was found that the highest weight, length, daily
weight gain, growth rate and protein content were observed for the
20000 fish/ha density class. Thus, culture of monosex tilapia at a
density of 20000 fish/ha can be considered ideal for augmented
production of the fish under Indian context.
Abstract: Water hyacinth has been used in aquatic systems for
wastewater purification in many years worldwide. The role of water
hyacinth (Eichhornia crassipes) species in polishing nitrate and
phosphorus concentration from municipal wastewater treatment plant
effluent by phytoremediation method was evaluated. The objective
of this project is to determine the removal efficiency of water
hyacinth in polishing nitrate and phosphorus, as well as chemical
oxygen demand (COD) and ammonia. Water hyacinth is considered
as the most efficient aquatic plant used in removing vast range of
pollutants such as organic matters, nutrients and heavy metals. Water
hyacinth, also referred as macrophytes, were cultivated in the
treatment house in a reactor tank of approximately 90(L) x 40(W) x
25(H) in dimension and built with three compartments. Three water
hyacinths were placed in each compartments and water sample in
each compartment were collected in every two days. The plant
observation was conducted by weight measurement, plant uptake and
new young shoot development. Water hyacinth effectively removed
approximately 49% of COD, 81% of ammonia, 67% of phosphorus
and 92% of nitrate. It also showed significant growth rate at starting
from day 6 with 0.33 shoot/day and they kept developing up to 0.38
shoot/day at the end of day 24. From the studies conducted, it was
proved that water hyacinth is capable of polishing the effluent of
municipal wastewater which contains undesirable amount of nitrate
and phosphorus concentration.
Abstract: Drinking water is one of the most valuable resources
available to mankind. The presence of pathogens in drinking water is
highly undesirable. Because of the Lateritic soil, the iron
concentrations were high in ground water. High concentration of iron
and other trace elements could restrict bacterial growth and modify
their metabolic pattern as well. The bacterial growth rate reduced in
the presence of iron in water. This paper presents the results of a
controlled laboratory study conducted to assess the inhibition of
micro-organism (pathogen) in well waters in the presence of
dissolved iron concentrations. Synthetic samples were studied in the
laboratory and the results compared with field samples. Predictive
model for microbial inhibition in the presence of iron is presented. It
was seen that the bore wells, open wells and the field results varied,
probably due to the nature of micro-organism utilizing the iron in
well waters.
Abstract: The objective of this research is to study of microbial lipid production by locally photosynthetic microalgae and oleaginous yeast via integrated cultivation technique using CO2 emissions from yeast fermentation. A maximum specific growth rate of Chlorella sp. KKU-S2 of 0.284 (1/d) was obtained under an integrated cultivation and a maximum lipid yield of 1.339g/L was found after cultivation for 5 days, while 0.969g/L of lipid yield was obtained after day 6 of cultivation time by using CO2 from air. A high value of volumetric lipid production rate (QP, 0.223 g/L/d), specific product yield (YP/X, 0.194), volumetric cell mass production rate (QX, 1.153 g/L/d) were found by using ambient air CO2 coupled with CO2 emissions from yeast fermentation. Overall lipid yield of 8.33 g/L was obtained (1.339 g/L of Chlorella sp. KKU-S2 and 7.06g/L of T. maleeae Y30) while low lipid yield of 0.969g/L was found using non-integrated cultivation technique. To our knowledge this is the unique report about the lipid production from locally microalgae Chlorella sp. KKU-S2 and yeast T. maleeae Y30 in an integrated technique to improve the biomass and lipid yield by using CO2 emissions from yeast fermentation.