The Impact of Company Financial Leverage and Growth Opportunities on the Investment Decisions: The Companies Listed on Tehran Stock Exchange evidence
This study the impact of company financial leverage and growth opportunities on the investment decisions using information on Iranian companies listed on Tehran Stock Exchange. This paper aims to answer is whether financial leverage influences the investment decisions in Iranian context. By answering this question, the author attempts to add to the existing literature by bringing new evidence on the relationship between leverage and investment decisions of firms listed in Tehran Stock Exchange in Iran. For the study purpose, the 92 companies with the desired condition were selected for this purpose and panel data with fixed effects was used to test hypotheses. The results of this research show that companies with higher Financial Leverage adjust their investment decisions. The results of this study can be used by shareholders, managers and finance researchers.
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The input-output ratio of grapes cultivation among the different sizes of farm holding classes in Theni district of Tamil nadu
The present study was undertaken to compare the input-output ratio of grapes cultivation among the different sizes of farm holding classes in Theni district of Tamil Nadu and to know their profitability as well as efficiency. A sample size of 273 grape growers were selected under different sizes of farm holding classes namely, marginal, small, medium and large, during the period April 2013. Convenience sampling method was adopted in selecting the respondents. The farmers who cultivate the grape species Sharad is selected for the purpose, which is widely cultivated in the study area. Input-output ratio, benefit–cost ratio among the different sizes of farm holding classes are also compared. The results show that the establishment costs for vineyard per acre is found to be higher for the medium and large farms and the total operating costs are found to be higher for the large farms. Even though the cost share per cent is more for the medium and large farms and gained lesser profit than marginal and small farms due to the gross return the large farms have gained much profit than marginal and small farms. But due to the gross return the large farms have gained much profit than marginal and small farms.
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Trends and effects of Gears on the catches of Tuna landed in Ghana
The trends and effects of gears on catches of tuna landed in Ghana by the artisanal, semi-industrial and industrial sectors were analysed over a ten-year period (2001 to 2010). Greater catches were made by the industrial sectors of about 698,754 metric tons out of 846,223 metric tons and skipjack tuna Katsuwonus pelamis dominated the catches of tuna over the study period. Of all the gears used in exploiting tuna in the Ghanaian coastal waters, the purse seine gear used in the industrial sector made the highest catches of tuna of about 374,218 metric tons over the ten year period. Analysis of variance was used to ascertain whether there was significant difference in the quantity of tuna caught using the different gears; for Thunnus albacares P-value (3.25E-13) < significant level (0.05), for Thunnus obesus P-value (0.001437) < significant level (0.05), for Katsuwonus pelamis P-value (1.04E-15) < significant level (0.05) for Auxis thazard P-value (2.41E-06) < significant level (0.05) and for Euthynnus alleteratus P-value (8.14E-07) < significant level (0.05). It was observed that fishing in the Ghanaian waters is having a large impact on the biomass level; and the current level of exploitation of about 80,000 metric tons of tuna averagely per annum appears not to be sustainable in the long term, unless the high recent reports of recruitment is maintained. The purse seine gear employed in the industrial sector was the only gear that showed relative increase in the percentage growth rate in output of all the tuna species in the ten-year period. These were 18%, 17%, 16%, 11% and 6% for Thunnus obesus, Euthynnus alleteratus, Auxis thazard, and Katsuwonus pelamis respectively. This could be attributed among others to the fact that the purse seiner fish around fish aggregating devices (FADs) and also use relatively more sophisticated equipment. It is recommended that detailed tuna species stock assessment should be undertaken to enable adoption of improved and adaptive management approaches.
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Validation of building maintenance performance model for Malaysian universities
This paper is part of an ongoing research on the development of systemic maintenance management model for Malaysian university buildings. In order to achieve this aim, there is a need to develop a performance model against which services are measure. Measuring performance is a significant part of systemic maintenance management service delivery. Maintenance organization needs to know where they are in order to provide user-driven services and to enhance productivity. Through “hypothetico-deductive” theory, this paper developed a 10 points matrix for the university maintenance organizations for measuring and improving their service delivery. The aim of this paper is to present the validated maintenance management model for Malaysian university maintenance organizations. The model is to guide and facilitate value added service delivery through initiating maintenance according to user value system rather than mainly on the condition of the building
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Viscous Dissipation Effects on Unsteady free Convection and Mass Transfer Flow of Micropolar Fluid Embedded in a Porous Media with Chemical Reaction
Heat and mass transfer effects on the unsteady flow of micropolar fluids embedded in a porous medium are studied by taking into the account of viscous dissipation with a homogeneous chemical reaction of the first order. Using the Galerkin finite element method the expressions for the velocity, microrotation, temperature and concentrations are obtained. The effect of material parameters such as Prandtl number Pr, Grashof number G, Modified Grashof number Gm, Schmidth number Sc, Eckert number Ec, the spin-gradient viscosity ?, the dimensionless viscosity ratio ?, the coefficient of gyro-viscosity or vortex viscosity ?, permeability of the porous medium K, Chemical reaction parameter , and time t. Further the results of Skin friction coefficient, the rate of heat transfer and mass transfer at the wall are presented with various values of fluid properties and flow conditions on the velocities, temperature and concentration are plotted in the graph and discussed. In the present analysis we study the effect of viscous dissipation on unsteady free convection flow of a laminar incompressible micropolar fluid with heat and mass transfer past a vertical porous plate embedded in a porous medium with chemical reaction.
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“Imam Muda” reality show: an analysis of non-verbal communication of young Imam
This research seeks to examine the nonverbal communication of an influential leader to change mind and behaviour of others, particularly in the field of dakwah. The portrayal of young Imam in the Malaysian reality show “Imam Muda” brings new landscape of muslim socialization process and implies significant values of dakwah. The definition of young Imam and its role as a progressive leader in a modern, multiracial society are described and illustrated in this 10-episode show. The researchers give special attention to nonverbal communication of the winner as this aspect is a determining factor of being a good and influential leader. The contestants may have more or less the same quality in terms of Islamic knowledge, but to gain social influence as an Imam, obviously nonverbal communication talks louder than verbal communication. The silent messages displayed by an individual are more countable and reliable in the eyes of people, as concluded in Mehrabian’s 7%-38%-55% Rule. Five episodes of Imam Muda have been selected and five elements of nonverbal communication have been analysed – kinesics, paralanguage, haptics, appearance and proxemics. A thorough analysis of the top Imam is carried out to see to what extent he uses the nonverbal communication in interpersonal or mass setting that promote him as the most eligible young Imam.
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A study of Iranian high school English textbooks based on the standard criteria; Standard English textbooks: American file series, American headway series
This study was an attempt to evaluate Iranian high school English textbooks in terms of vocabulary, grammatical structures and compatibility between reading comprehension texts and grammar exercises. Readability formula and experts’ judgment were used to ensure that high school textbooks, English American headway and English American file books were at the same level of difficulty .The findings revealed that, there were a significant lack of compatibility between the grammatical structures and reading comprehension passages in each lesson and also between high school textbooks and English American headway and English American file books in terms of the order of presentation and content.
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A Survey on Trust Systems for Clustered Wireless Sensor Networks
There are many primitive trust systems which have adopted unique approach for communication in Wireless Sensor Networks. These traditional trust systems do not meet the requirements like maintaining resource efficiency and dependability between nodes in Clustered Wireless Sensor Networks. This is because of their high overhead and low dependability. LDTS (Light-weight and dependable trust system) proposes low communication overhead and makes efficient use of energy resources by proposing light-weight algorithm. Also LDTS (Light-weight and Dependable Trust System) proposes dependable trust system that helps improving system efficiency by reducing effect of malicious nodes. As compared to traditional trust systems LDTS (Light-Weight and Dependable Trust System) demands less memory .So it can be said that LDTS is light weight and dependable trust system for communication in clustered wireless sensor networks.
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An empirical study on month of the year effect in gas, oil and refineries sectors- evidence from Indian stock market
The primary objective of the study is to investigate the existence of seasonality in stock price behavior in Indian stock market and more specifically in the Gas, Oil and Refineries sector. The period of the study is from 1st January 2006 to 31st December 2010. For the purpose analysis, the study has employed daily price series that have been obtained from the official website of National Stock Exchange (NSE). The daily price series of selected eight Gas, Oil and Refineries companies were selected for this study, and used multiple regression technique to examine the significance of the regression coefficient for investigating month of the year effects. It is found that all the eight selected Gas, Oil and Refineries companies evidenced month of the year effect and mostly either on September, August or February. Only GAIL, and HPCL evidenced significant October and July effect.
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