The paper investigates the determinants of capital structure in Nigerian listed insurance firms using data obtained from annual report of the sampled firms for the period of 2001-2010. It used five explanatory variabl...The paper investigates the determinants of capital structure in Nigerian listed insurance firms using data obtained from annual report of the sampled firms for the period of 2001-2010. It used five explanatory variables to measure their effects on debt ratio. Multiple regression is employed as a tool of analysis. The result reveals that all the explanatory variables have statistically and significantly influenced the explained variable. The results approve the prediction of pecking order theory in the case of profitability and trade-off theory in case of tangibility variables. The growth variable supports the agency theory hypothesis whereas size variable confirms to the asymmetry of information theory. It is therefore recommended that the management of listed insurance firms in Nigeria should always consider their positions using these capital structure determinants as important inputs before embarking on debt financing decision.展开更多
The concept and realization process of intelligent compaction for the construction of high roller compacted concrete dam were presented, as well as the theory of monitoring and intelligent feedback control. Based on t...The concept and realization process of intelligent compaction for the construction of high roller compacted concrete dam were presented, as well as the theory of monitoring and intelligent feedback control. Based on the real-time analysis of the compaction index, a multiple regression model of the dam compactness was established and a realime estimation method of compaction quality for the entire work area of roller compacted concrete dam was proposed finally. The adaptive adjustment of the roiling process parameters was achieved, with the speed, the exciting force, the roller pass and the compaction thickness meeting the standards during the whole construction process. As a result, the compaction quality and construction efficiency can be improved. The research provides a new way for the construction quality control of roller compacted concrete dam.展开更多
Based on agency theory, the importance of corporate governance is to reduce agency conflicts between those who control and those who own the residual claims in a firm. In other words, corporate governance as a mechani...Based on agency theory, the importance of corporate governance is to reduce agency conflicts between those who control and those who own the residual claims in a firm. In other words, corporate governance as a mechanism helps to align management＇s goals with those of the stakeholders that are to increase firm performance. Since, the value creation of corporate governance can be measured through the firm performance; the aim of this study is to answer this question： ＂is there any relationship between corporate governance and firm performance？＂ Therefore, the four board characteristics that are of interest in this study are board independency, CEO duality, ownership structure, and board size. Based on a randomly selected sample of companies listed on Bursa Malaysia and applying the linear multiple regression as the underlying statistical tests, it is found that CEO duality has a negative relationship with firm performance---Return on Equity （ROE） and Return on Asset （ROA）, but there is no significant relationship among board independency, board size, and ownership structure as independent variables and firm performance as dependent variable.展开更多
In this study, 75% and 96% argon diluent conditions were selected to determine the ig- nition delay time of stoichiometric mixture of C2Ha/O2/Ar within a range of pressures （1.3-：3.0 arm） and temperatures （1092-17...In this study, 75% and 96% argon diluent conditions were selected to determine the ig- nition delay time of stoichiometric mixture of C2Ha/O2/Ar within a range of pressures （1.3-：3.0 arm） and temperatures （1092-1743 K）. Results showed a logarithmic linear rela- tionship of the ignition delay time with the reciprocal of temperatures. Under both two diluent conditions, ignition delay time decreased with increased temperature. By multiple linear regression analysis, the ignition delay correlation was deduced. According to this correlation, the calculated ignition delay time in 96% diluent was found to be nearly five times that in 75% diluent. To explain this discrepancy, the hard-sphere collision theory was adopted, and the collision numbers of ethylene to oxygen were calculated. The total collision numbers of ethylene to oxygen were 5.99×10^30 s^-1cm^-3 in 75% diluent and 1.53×10^29 s^-1cm^-3 in 96% diluent （about 40 times that in 75% diluent）. According to the discrepancy between ignition delay time and collision numbers, viz. 5 times corresponds to 40 times, the steric factor can展开更多
文摘The paper investigates the determinants of capital structure in Nigerian listed insurance firms using data obtained from annual report of the sampled firms for the period of 2001-2010. It used five explanatory variables to measure their effects on debt ratio. Multiple regression is employed as a tool of analysis. The result reveals that all the explanatory variables have statistically and significantly influenced the explained variable. The results approve the prediction of pecking order theory in the case of profitability and trade-off theory in case of tangibility variables. The growth variable supports the agency theory hypothesis whereas size variable confirms to the asymmetry of information theory. It is therefore recommended that the management of listed insurance firms in Nigeria should always consider their positions using these capital structure determinants as important inputs before embarking on debt financing decision.
基金National Natural Science Foundation of China (No. 51021004No. 51079096)the Program for New Century Excellent Talents in University (No. NCET-08-0391)
文摘The concept and realization process of intelligent compaction for the construction of high roller compacted concrete dam were presented, as well as the theory of monitoring and intelligent feedback control. Based on the real-time analysis of the compaction index, a multiple regression model of the dam compactness was established and a realime estimation method of compaction quality for the entire work area of roller compacted concrete dam was proposed finally. The adaptive adjustment of the roiling process parameters was achieved, with the speed, the exciting force, the roller pass and the compaction thickness meeting the standards during the whole construction process. As a result, the compaction quality and construction efficiency can be improved. The research provides a new way for the construction quality control of roller compacted concrete dam.
文摘Based on agency theory, the importance of corporate governance is to reduce agency conflicts between those who control and those who own the residual claims in a firm. In other words, corporate governance as a mechanism helps to align management＇s goals with those of the stakeholders that are to increase firm performance. Since, the value creation of corporate governance can be measured through the firm performance; the aim of this study is to answer this question： ＂is there any relationship between corporate governance and firm performance？＂ Therefore, the four board characteristics that are of interest in this study are board independency, CEO duality, ownership structure, and board size. Based on a randomly selected sample of companies listed on Bursa Malaysia and applying the linear multiple regression as the underlying statistical tests, it is found that CEO duality has a negative relationship with firm performance---Return on Equity （ROE） and Return on Asset （ROA）, but there is no significant relationship among board independency, board size, and ownership structure as independent variables and firm performance as dependent variable.
文摘In this study, 75% and 96% argon diluent conditions were selected to determine the ig- nition delay time of stoichiometric mixture of C2Ha/O2/Ar within a range of pressures （1.3-：3.0 arm） and temperatures （1092-1743 K）. Results showed a logarithmic linear rela- tionship of the ignition delay time with the reciprocal of temperatures. Under both two diluent conditions, ignition delay time decreased with increased temperature. By multiple linear regression analysis, the ignition delay correlation was deduced. According to this correlation, the calculated ignition delay time in 96% diluent was found to be nearly five times that in 75% diluent. To explain this discrepancy, the hard-sphere collision theory was adopted, and the collision numbers of ethylene to oxygen were calculated. The total collision numbers of ethylene to oxygen were 5.99×10^30 s^-1cm^-3 in 75% diluent and 1.53×10^29 s^-1cm^-3 in 96% diluent （about 40 times that in 75% diluent）. According to the discrepancy between ignition delay time and collision numbers, viz. 5 times corresponds to 40 times, the steric factor can
