The Impact Of Owner Ship Concentration On Financially Distressed Firms Listed On Malaysian Stock Exchange
Abstract After the corporate default of major corporations in the past years such as Enron Lehman Brothers etc the study has been a major area for research the default of US based giants has act as a distress and alarming situation for emerging economies with different areas of research regarding corporate defaults this paper focuses on examining the relationship of ownership structure with the performance of a firm through market performance ratios and firms volume of publically listed companies on Malaysian stock exchanges. Results suggested defaulted firms ownership concentration is unable to show significant relationship with the performance of these firms except for the major shareholder. Keywords: concentration of shares, corporate default, firm performance
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
The parametric influence analysis on USD/INR parity- a study towards Indian forex market
The exchange rate or Inter Bank Rate of Indian Rupee (INR) is considered as one of the major economic factor to determine Indian economic position. There are various Economic factors and parameters which influence the Inter Bank Rates (IBR) and alter its parity with different currencies. This study is done to analyse the various Economic factors and Parameters that influencing the IBR. This study involves analysis of 4 major Economic factors and parameters which are related to IBR. All the parameters taken under study are analysed using suitable analyzing tools and the influence over the IBR is studied. This study is done to understand the fluctuations in USD/INR IBR rates on Quarterly basis for 5years from 2007 to 2011. The four parameters taken under study is analyzed using Karl Pearson’s Coefficient of Correlation and Regression Analysis with IBR rates collected during respective years.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
The robustness of F-test in two-way interactive balanced design
The extent of departure of a set of data from the fundamental assumptions required by a test is often very important in the determination of the appropriate statistical test to be applied. Some test statistics are more robust to the departure from certain underlying assumptions than others. Hence, the study was aimed at examining the robustness or non-robustness of the F-test statistic in the two-way Interactive Balanced Design. The data used for the study were tested against the three basic assumptions of analysis of variance which include normality, independence and homogeneity of variance assumptions. The results show that even when the normality and homogeneity of variance assumptions were violated, the F-test still yields good results. Hence, it was concluded that the F-test is robust to the normality and homogeneity of variance assumptions. Based on the results of the study, it was recommended that large sample size should always be used in carrying out any experiment involving the applications of analysis of variance. It was also recommended that the rank transformation is a step in the right direction whenever our data fail to conform with the assumptions of ANOVA prior to the conventional ANOVA test since it yields result in test which are more robust to the non-normal and resistance to outliers and non-homogeneity of variance.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
The School Inputs and Quality of Education in the Private Primary Schools in Bungoma County
The purpose of this study was to investigate the influence of the school inputs in private primary schools in determining pupils’ examination performance. This was in relation to general lack of literature on school inputs in relation to performance in private primary schools in Kenya. The findings of this study showed that the quality of education and performance of pupils in examinations are determined by teacher experience, teacher qualification, the school environment, the head teacher and educational resources. The study provides a base for an evaluation of cost-effectiveness of different policies associated with school inputs aimed at improving the quality of education at primary school level. Parents and the public in general can also gain from the study; by gaining confidence in the private schools and the quality of education they provide.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
UN Charter and Crisis in the Middle East
The United Nations Charter and the actual practice of states in the past years have stressed on the importance of the role of regional organizations in maintaining international peace and security. On the other hand, The United Nations and the Security Council alone cannot deal with international crises. Thus, the cooperation between the United Nations and regional organizations could solve regional and even global crises. Middle East is of strategic importance because of the historical and cultural background and having oil reserves. This area has been the center of major crisis in two the past decades. Experience has shown that the presence of trans-regional powers or building up international coalitions in the absence of regional powers will not help to resolve the crisis in the region. Considering the accepted roles of regional organizations in maintaining international peace and security in the region by the UN Charter, using the potential of regional organizations such as the Cooperation Council for the Arab States of the Gulf, the Arab League, the Organization of Islamic Cooperation seems necessary. However, due to the inefficiency of some of these organizations, the establishment of regional organizations with special competence in the area of peace and security in the Middle East could also be pursued by region countries.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Video image inpainting using posture mapping
A novel framework for object – based video inpainting is presented in this paper. To complete an object, first samples a 3-D volume of the video into directional spatio – temporal slices, and then performs patch-based image inpainting to repair the partially damaged object in the 2-D slices. The slices are combined to obtain a sequence of virtual contours of the damaged object. The virtual contours and a posture sequence retrieval technique are then used to retrieve the most similar sequence of object postures in the available non-occluded postures. Key-postures selection and indexing are used to reduce the complexity of posture sequence. A synthetic posture generation scheme that enriches the collection of key-postures so as to reduce the effect of insufficient key-postures.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
An analysis of demotivating factors of Iranian translation students in translating written texts
Demotivation, as important concept in psychology, is in fact the dark side of motivation. Research into foreign language learners? demotivation for their weaknesses in translation practice has not been touched by the translation scholars. To this end, the researchers distributed an open-ended questionnaire to 112 students majoring in translation studies at Ghuchan Azad University and Mashhad Imam Reza University. Having categorized the responses, they found that the most commonly cited factors included lack of job (0.24), teaching method (0.20), a boring task (0.12), teacher feedback (0.10), insufficient knowledge of vocabulary (0.8), and lack of group work (0.5). No effect on general English, confusion in translation courses, and lack of concentration were the least commonly mentioned factors. The factors show that students need extrinsic motivation or instrumental motivation to pursue their studies or at least to exert enough effort and perseverance in their courses.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
An investigation into factors determining strategic partnership between university and industry
In this era of global economic competition, universities play a dynamic role. Universities are no longer restricted to conventional activities. University needs to interact with industry as it plays an imperative role to foster progress and development of the nation. University-industry partnership (UIP) has become a dominant factor in technology and knowledge transfer through various channels. The aim of present study was to investigate the opinion of university faculty and researchers on partnership between university and industry. This research aimed at finding (i) the need of university-industry partnership (ii) the factors that hinder university-industry partnership, (iii) the roles universities are playing in research partnerships in general, and (iv) the means to increase university-industry partnership. It was hypothesized that academics are directly associated with industries. A questionnaire, consisting of 21 items on 5 point likert scales was developed to determine the opinion of 40 university faculty members and 10 researchers. The findings reveal the distinctive importance of high quality educational programs, industrial practice, research and development, internship and workshops, international attractiveness, flow of knowledge, and entrepreneurial spirit associated with UIP. The study concludes that universities are significantly associated with industries and research and development, publication, licensing and technological advancement paved important stone in UIP.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Analysis of measures of impact under cascading failure of power grid
A centrality measure has been proposed considering the directionality of power flow of future smart grid. Applicability of the proposed method has been evaluated in several standard IEEE test systems. Various comparisons are shown between impacts of removal of critical nodes found from two different models: nondirectional and bidirectional. Larger impact of removing critical nodes found from bidirectional flow model shows the utility of the proposed method. Measures of impacts considered are changes in path length, loss of connectivity and load lost during cascade.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Big data: Magnification beyond the relational database and data mining exigency of cloud computing
Today the term big data draws a lot of attention. Big data is the new technology that enables an organization to take advantage of the natural resource of big data. Organizations store up huge amounts of information, they can mine those databases to discover subtle patterns, correlations, or relationships that human brains can’t perceive on their own because the scales involved are beyond our ability to process. Big data is a hot topic in the market today and attracted a lot of attention from retail, automotive, and manufacturing industry, government as well as academia. This paper introduces several enhancements in big data over data mining and relational database. Finally, I discuss the urgency of big data processing in cloud computing environments.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]