Abstract: This is a comprehensive large-sample study of Australian earnings management. Using a sample of 4,844 firm-year observations across nine Australia industries from 2000 to 2006, we find substantial corporate earnings management activity across several Australian industries. We document strong evidence of size and return on assets being primary determinants of earnings management in Australia. The effects of size and return on assets are also found to be dominant in both income-increasing and incomedecreasing earnings manipulation. We also document that that periphery sector firms are more likely to involve larger magnitude of earnings management than firms in the core sector.
Abstract: In the present study, the incorporation of graphene
into blends of acrylonitrile-butadiene-styrene terpolymer with
polypropylene (ABS/PP) was investigated focusing on the
improvement of their thermomechanical characteristics and the effect
on their rheological behavior. The blends were prepared by melt
mixing in a twin-screw extruder and were characterized by measuring
the MFI as well as by performing DSC, TGA and mechanical tests.
The addition of graphene to ABS/PP blends tends to increase their
melt viscosity, due to the confinement of polymer chains motion.
Also, graphene causes an increment of the crystallization temperature
(Tc), especially in blends with higher PP content, because of the
reduction of surface energy of PP nucleation, which is a consequence
of the attachment of PP chains to the surface of graphene through the
intermolecular CH-π interaction. Moreover, the above nanofiller
improves the thermal stability of PP and increases the residue of
thermal degradation at all the investigated compositions of blends,
due to the thermal isolation effect and the mass transport barrier
effect. Regarding the mechanical properties, the addition of graphene
improves the elastic modulus, because of its intrinsic mechanical
characteristics and its rigidity, and this effect is particularly strong in
the case of pure PP.
Abstract: A company CSR commitment, as stated in its Social
Report is, actually, perceived by its stakeholders?And in what
measure? Moreover, are stakeholders satisfied with the company
CSR efforts? Indeed, business returns from Corporate Social
Responsibility (CSR) practices, such as company reputation and
customer loyalty, depend heavily on how stakeholders perceive the
company social conduct. In this paper, we propose a methodology to
assess a company CSR commitment based on Global Reporting
Initiative (GRI) indicators, Content Analysis and a CSR positioning
matrix. We evaluate three aspects of CSR: the company commitment
disclosed through its Social Report; the company commitment
perceived by its stakeholders; the CSR commitment that stakeholders
require to the company. The positioning of the company under study
in the CSR matrix is based on the comparison among the three
commitment aspects (disclosed, perceived, required) and it allows
assessment and development of CSR strategies.
Abstract: This paper presents a new approach for the prob-ability density function estimation using the Support Vector Ma-chines (SVM) and the Expectation Maximization (EM) algorithms.In the proposed approach, an advanced algorithm for the SVM den-sity estimation which incorporates the Mean Field theory in the learning process is used. Instead of using ad-hoc values for the para-meters of the kernel function which is used by the SVM algorithm,the proposed approach uses the EM algorithm for an automatic optimization of the kernel. Experimental evaluation using simulated data set shows encouraging results.
Abstract: As an effort to promote wind power industry in Korea,
Korea South-East Power Corporation has been developing 22MW
YeungHeung wind farm consisting of nine 2 to 3MW wind turbines
supplied by three manufacturers. To maximize its availability and
reliability and to solve the difficulty of operating three kinds of
SCADA systems, Korea Electric Power Corporation has been
developing a condition monitoring system integrated with control
functions. This paper presents the developed condition monitoring
system and its application to YeungHeung wind test bed, and the
design of its control functions.
Abstract: In the last few years, several steps were taken in order
to improve the quality of corporate governance for Romanian listed
companies. Higher standards of corporate governance is documented
in the literature to lead to a better information environment, and,
consequently, to increase analysts forecast accuracy. Accordingly, the
purpose of this paper is to investigate the extent to which corporate
governance policies affect analysts forecasts for companies listed on
Bucharest Stock Exchange. The results showed that there is indeed a
negative correlation between a corporate governance index – used as
a proxy for the quality of corporate governance practices - and
analysts forecast errors.
Abstract: Image watermarking has become an important tool for
intellectual property protection and authentication. In this paper a
watermarking technique is suggested that incorporates two
watermarks in a host image for improved protection and robustness.
A watermark, in form of a PN sequence (will be called the secondary
watermark), is embedded in the wavelet domain of a primary
watermark before being embedded in the host image. The technique
has been tested using Lena image as a host and the camera man as
the primary watermark. The embedded PN sequence was detectable
through correlation among other five sequences where a PSNR of
44.1065 dB was measured. Furthermore, to test the robustness of the
technique, the watermarked image was exposed to four types of
attacks, namely compression, low pass filtering, salt and pepper noise
and luminance change. In all cases the secondary watermark was
easy to detect even when the primary one is severely distorted.
Abstract: One of the most growing areas in the embedded community is multimedia devices. Multimedia devices incorporate a number of complicated functions for their operation, like motion estimation. A multitude of different implementations have been proposed to reduce motion estimation complexity, such as spiral search. We have studied the implementations of spiral search and identified areas of improvement. We propose a modified spiral search algorithm, with lower computational complexity compared to the original spiral search. We have implemented our algorithm on an embedded ARM based architecture, with custom memory hierarchy. The resulting system yields energy consumption reduction up to 64% and performance increase up to 77%, with a small penalty of 2.3 dB, in average, of video quality compared with the original spiral search algorithm.
Abstract: The purpose of this study is to investigate the
relationship between corporate governance and pricing for initial
public offerings (IPOs). Empirical result finds that the prediction of
pricing of IPOs with corporate governance added can have a rather
higher degree of predicting accuracy than that of non governance
added during the training and testing samples. Therefore, it can be
observed that corporate governance mechanism can affect the pricing
of IPOs
Abstract: With the demand of mobility by users, wireless
technologies have become the hotspot developing arena. Internet
Engineering Task Force (IETF) working group has developed Mobile
IP to support node mobility. The concept of node mobility indicates
that in spite of the movement of the node, it is still connected to the
internet and all the data transactions are preserved. It provides
location-independent access to Internet. After the incorporation of
host mobility, network mobility has undergone intense research.
There are several intricacies faced in the real world implementation
of network mobility significantly the problem of nested networks and
their consequences. This article is concerned regarding a problem of
nested network called pinball route problem and proposes a solution
to eliminate the above problem. The proposed mechanism is
implemented using NS2 simulation tool and it is found that the
proposed mechanism efficiently reduces the overload caused by the
pinball route problem.
Abstract: This research paper designs a unique motion planner
of multiple platoons of nonholonomic car-like robots as a feasible
solution to the lane changing/merging maneuvers. The decentralized
planner with a leaderless approach and a path-guidance principle
derived from the Lyapunov-based control scheme generates collision
free avoidance and safe merging maneuvers from multiple lanes to a
single lane by deploying a split/merge strategy. The fixed obstacles
are the markings and boundaries of the road lanes, while the moving
obstacles are the robots themselves. Real and virtual road lane
markings and the boundaries of road lanes are incorporated into a
workspace to achieve the desired formation and configuration of the
robots. Convergence of the robots to goal configurations and the
repulsion of the robots from specified obstacles are achieved by
suitable attractive and repulsive potential field functions,
respectively. The results can be viewed as a significant contribution
to the avoidance algorithm of the intelligent vehicle systems (IVS).
Computer simulations highlight the effectiveness of the split/merge
strategy and the acceleration-based controllers.
Abstract: Transdermal delivery of ondansetron hydrochloride (OdHCl) can prevent the problems encountered with oral ondansetron. In previously conducted studies, effect of amount of polyvinyl pyrrolidone, permeation enhancer and casting solvent on the physicochemical properties on OdHCl were investigated. It is feasible to develop ondansetron transdermal patch by using ethyl cellulose and polyvinyl pyrrolidone with dibutyl pthalate as plasticizer, however, the desired flux is not achieved. The primary aim of this study is to use dimethyl succinate (DMS) and propylene glycol that are not incorporated in previous studies to determine their effect on the physicochemical properties of an OdHCl transdermal patch using ethyl cellulose and polyvinyl pyrrolidone. This study also investigates the effect of permeation enhancer (eugenol and phosphatidylcholine) on the release of OdHCl. The results showed that propylene glycol is a more suitable plasticizer compared to DMS in the fabrication of OdHCl transdermal patch using ethyl cellulose and polyvinyl pyrrolidone as polymers. Propylene glycol containing patch has optimum drug content, thickness, moisture content and water absorption, tensile strength, and a better release profile than DMS. Eugenol and phosphatidylcholine can increase release of OdHCl from the patches. From the physicochemical result and permeation profile, a combination of 350mg of ethyl cellulose, 150mg polyvinyl pyrrolidone, 3% of total polymer weight of eugenol, and 40% of total polymer weight of propylene glycol is the most suitable formulation to develop an OdHCl patch. OdHCl release did not increase with increasing the percentage of plasticiser. DMS 4, PG 4, DMS 9, PG 9, DMS 14, and PG 14 gave better release profiles where using 300mg: 0mg, 300mg: 100mg, and 350mg: 150mg of EC: PVP. Thus, 40% of PG or DMS appeared to be the optimum amount of plasticiser when the above combination where EC: PVP was used. It was concluded from the study that a patch formulation containing 350mg EC, 150mg PVP, 40% PG and 3% eugenol is the best transdermal matrix patch compositions for the uniform and continuous release/permeation of OdHCl over an extended period. This patch design can be used for further pharmacokinetic and pharmacodynamic studies in suitable animal models.
Abstract: This paper represents the results of long term strength of mortar incorporating Rice Husk Ash (RHA). For these work mortar samples were made according to ASTM standard C 109/C. OPC cement was partially replaced by RHA at 0, 10, 15, 20, 25 and 30 percent replacement level. After casting all samples were kept in controlled environment and curing was done up to 90 days. Test of mortar was performed on 3, 7, 28, 90, 365 and 700 days. It is noticed that OPC mortar shows better strength at early age than mortar having RHA but at 90 days and onward the picture is different. At 700 days it is observed that mortar containing 20% RHA shows better result than any other samples.
Abstract: Mathematical and computational modeling of calcium
signalling in nerve cells has produced considerable insights into how
the cells contracts with other cells under the variation of biophysical
and physiological parameters. The modeling of calcium signaling in
astrocytes has become more sophisticated. The modeling effort has
provided insight to understand the cell contraction. Main objective
of this work is to study the effect of voltage gated (Operated)
calcium channel (VOC) on calcium profile in the form of advection
diffusion equation. A mathematical model is developed in the form
of advection diffusion equation for the calcium profile. The model
incorporates the important physiological parameter like diffusion
coefficient etc. Appropriate boundary conditions have been framed.
Finite volume method is employed to solve the problem. A program
has been developed using in MATLAB 7.5 for the entire problem
and simulated on an AMD-Turion 32-bite machine to compute the
numerical results.
Abstract: The paper investigates the relationship between the foreign direct investment (FDI) and the corporate governance or transparency by investigating the country-level FDI flows, FDI inward performance, corporate governance and transparency variables. From the regression analysis with Newey-West estimator of 28 country panel data from 1990- 2002, we find strong positive relationships between corporate governance or transparency level of hosting countries and FDI inward performance within hosting countries. A strong positive relationship is found between anti-director rights level or number of analysts of hosting countries and FDI inward performance within hosting countries. Also, we find a positive relationship between the number of analysts of hosting countries and FDI inflows. The empirical results are consistent with stock market liberalizations and corporate governance explanations of reasons for FDI.
Abstract: In this paper, algorithms for the automatic localisation
of two anatomical soft tissue landmarks of the head the medial
canthus (inner corner of the eye) and the tragus (a small, pointed,
cartilaginous flap of the ear), in CT images are describet. These
landmarks are to be used as a basis for an automated image-to-patient
registration system we are developing. The landmarks are localised
on a surface model extracted from CT images, based on surface
curvature and a rule based system that incorporates prior knowledge
of the landmark characteristics. The approach was tested on a dataset
of near isotropic CT images of 95 patients. The position of the
automatically localised landmarks was compared to the position of
the manually localised landmarks. The average difference was 1.5
mm and 0.8 mm for the medial canthus and tragus, with a maximum
difference of 4.5 mm and 2.6 mm respectively.The medial canthus
and tragus can be automatically localised in CT images, with
performance comparable to manual localisation
Abstract: China apparel industry, which is deeply embedded in
the global production network (GPN), faces the dual pressures of
social upgrading and economic upgrading. Based on the survey in
Ningbo apparel cluster, the paper shows the state of corporate social
responsibility (CSR) in China apparel industry is better than before.
And the investigation indicates that the firms who practice CSR
actively perform better both socially and economically than those who
inactively. The research demonstrates that CSR can be an initial
capital rather than cost, and “doing well by doing good" is also existed
in labor intensive industry.
Abstract: Recent years have witnessed the rapid development of
the Internet and telecommunication techniques. Information security
is becoming more and more important. Applications such as covert
communication, copyright protection, etc, stimulate the research of
information hiding techniques. Traditionally, encryption is used to
realize the communication security. However, important information
is not protected once decoded. Steganography is the art and science
of communicating in a way which hides the existence of the communication.
Important information is firstly hidden in a host data, such
as digital image, video or audio, etc, and then transmitted secretly
to the receiver.In this paper a data hiding model with high security
features combining both cryptography using finite state sequential
machine and image based steganography technique for communicating
information more securely between two locations is proposed.
The authors incorporated the idea of secret key for authentication
at both ends in order to achieve high level of security. Before the
embedding operation the secret information has been encrypted with
the help of finite-state sequential machine and segmented in different
parts. The cover image is also segmented in different objects through
normalized cut.Each part of the encoded secret information has been
embedded with the help of a novel image steganographic method
(PMM) on different cuts of the cover image to form different stego
objects. Finally stego image is formed by combining different stego
objects and transmit to the receiver side. At the receiving end different
opposite processes should run to get the back the original secret
message.
Abstract: The supply chains (SCs) have to appeal to new management paradigms to improve their ability to respond rapidly and cost effectively to unpredictable changes in markets and increasing levels of environmental turbulence, both in terms of volume and variety. In this highly demanded context, the Agile paradigm provides the capabilities to SC quickly adapt to changes in the market requirements. The purpose of this paper is to suggest an Agile Index to assess the agility of the automotive companies and corresponding SCs. The proposed integrated assessment model incorporates Agile practices weighted according to their importance to the automotive SC competitiveness and obtained from the Delphi technique.
Abstract: Aspheric optical components are an alternative to the use of conventional lenses in the implementation of imaging systems for the visible range. Spherical lenses are capable of producing aberrations. Therefore, they are not able to focus all the light into a single point. Instead, aspherical lenses correct aberrations and provide better resolution even with compact lenses incorporating a small number of lenses.
Metrology of these components is very difficult especially when the resolution requirements increase and insufficient or complexity of conventional tools requires the development of specific approaches to characterization.
This work is part of the problem existed because the objectives are the study and comparison of different methods used to measure surface rays hybrid aspherical lenses.