scholarly journals Has the Propensity to Pay Dividends Declined? Evidence from the US Banking Sector

2021 ◽  
Vol 14 (3) ◽  
pp. 103
Author(s):  
Shaojie Lai ◽  
Qing Wang ◽  
Jiangze Du ◽  
Shuwen Pi
Keyword(s):  
Banking Sector ◽  
Logit Models ◽  
Sample Period ◽  
Financial Firms ◽  
The Us ◽  
The Difference ◽  
High Level ◽  
Propensity To Pay ◽  
Financial Firm ◽  
Very High

This article examines the propensity to pay dividends in the U.S banking sector during 1973–2014. Although the propensity to pay dividends has been declining over the 52 years of our sample period, banks are consistently more likely to pay dividends than non-financial firms. Using the coefficients from logit models estimated early in the sample period to forecast the percentage of dividend payers in each subsequent year, we conclude that there has been a decline in the likelihood of paying dividends in the banking sector. However, the decline started from a very high level as compared to that of the non-banking sectors. In addition, the variables taken from the non-financial firm literature do not explain the difference between the actual and expected percentage of dividend payers in the banking sector. We also conduct exploratory analyses with bank-specific variables. Although newly included variables are significantly related to the likelihood of paying dividends, they do not explain the declining propensity to pay dividends in the banking sector.

scholarly journals Improving Nuclear Power Plant's Operational Efficiencies in the U.S.A.

2011 ◽  
Vol 133 (01) ◽  
pp. 47-52 ◽  
Author(s):  
Joseph S. Miller ◽  
Bob Stakenborghs ◽  
Robert Tsai
Keyword(s):  
Nuclear Power ◽  
Power Plants ◽  
Capacity Factor ◽  
Fuel Cycles ◽  
The Us ◽  
The Usa ◽  
Average Operating ◽  
High Level ◽  
Very High ◽  
Operating Plant

This article discusses improvement in nuclear power plant’s operational efficiencies in the USA in the past 40 years. The increase in nuclear generation has been achieved by a substantial increase in the overall capacity factor of the US plants from about 60% in 1980 to over 90% today. This large increase in capacity factor was achieved by reducing outages, having longer fuel cycles, using higher burnup fuel, and reducing unplanned outages and fuel failures. Combined with increases in power in various plants, this allowed nuclear power to maintain and increase its share of electricity generation. Such an increase in nuclear generation is the equivalent of having built 25–30 nuclear power plants during that period. The length of the planned outages has reduced from 106 days for an average operating plant in 1991 to 38 days in 2008. The fuel performance has also improved to a very high level over the last 20–30 years.

Institutional Ownership and Dividend Payout in Emerging Markets: Evidence from India

2018 ◽  
Vol 17 (1_suppl) ◽  
pp. S54-S82 ◽  
Author(s):  
Chacko Jacob ◽  
Jijo Lukose P.J.
Keyword(s):  
Institutional Investors ◽  
Positive Relationship ◽  
Institutional Ownership ◽  
Jel Classification ◽  
Large Firms ◽  
Dividend Payout ◽  
Financial Firms ◽  
The Us ◽  
Propensity To Pay ◽  
The Relationship

We examine the relationship between institutional investor ownership and dividend payouts using a large sample of NSE-listed non-financial firms during the period 2001 to 2016. Consistent with the evidence from the US market, institutional investors, on average, have larger holdings in dividend-paying firms and are seen to prefer dividend payers over non-payers among larger firms. However, among smaller firms, institutional investors seem to prefer non-paying firms. Consistent with it, logistic regression results reveal that institutional investors do improve a firms’ propensity to pay dividends, primarily across large firms. Further, among dividend-paying firms, institutional investors, on average, are observed to have relatively lesser holdings in firms with higher payouts than those with lower payouts. In line with these observations, regression analysis also provides no evidence to support a positive relationship between total institutional ownership and payout level. However, across investor categories, we do find evidence for domestic institutional investors (DII) in improving payouts. Further, we use a dynamic panel GMM estimator to correct for endogeneity and find that the relationship is robust among large firms. Our results highlight the role of DII in improving dividend payout and provide support to models that predict a positive relationship. JEL Classification: G23, G32, G34, G35

scholarly journals The Competitive Mating of Irradiated Brown Marmorated Stink Bugs, Halyomorpha halys, for the Sterile Insect Technique

Insects ◽  
2019 ◽  
Vol 10 (11) ◽  
pp. 411 ◽  
Author(s):  
David Suckling ◽  
Massimo Cristofaro ◽  
Gerardo Roselli ◽  
Mary Levy ◽  
Alessia Cemmi ◽  
...  
Keyword(s):  
Sterile Insect Technique ◽  
Adult Emergence ◽  
Halyomorpha Halys ◽  
Stink Bugs ◽  
Delivery Method ◽  
The Us ◽  
The Usa ◽  
The Difference ◽  
Gamma Irradiated ◽  
Very High

The sterility of eggs and nymphs from gamma-irradiated male Halyomorpha halys was investigated to determine the potential for the sterile insect technique (SIT). Males irradiated at 0, 16, 24 and 32 Gy were placed with untreated virgin females, and egg sterility was determined, showing 54.3% at 16 Gy. The percentage of sterility from irradiation was 26 percent lower than previous results from the USA and the variance was very high. Competitive overflooding ratio trials between irradiated virgin males and fertile virgin males at a 5:1 ratio resulted in the expected egg sterility, indicating competitive performance by irradiated males. By July and August, older, irradiated overwintered males were significantly less competitive than similar, non-irradiated males. There is a need to revisit the irradiation delivery method to achieve proper precision around the paternal dose required for an expected >80% egg sterility and subsequent ~99% endpoint sterility estimated at adult emergence in the F1 phase. These results suggest that the mating competitiveness and competency of males after irradiation at 16 Gy is not limiting to the sterile insect technique for suppression. A wild harvest of overwintering males using the aggregation pheromone, followed by irradiation and male release, might replace rearing. Mass-collected, sterilized bugs could be transported from an area of high H. halys density and shipped for release to enable suppression or eradication elsewhere. This concept is under development but further work is needed now to understand the difference in results between the US and Italian irradiators and increase the reliability of dosimetry.

scholarly journals ANALISIS BUTIR SOAL BAHASA ARAB UJIAN AKHIR MADRASAH BERSAMA DAERAH (UAMBD) MADRASAH IBTIDAIYAH TAHUN 2017-2018

2020 ◽  
Vol 4 (1) ◽  
pp. 12-24
Author(s):  
Deni Maulana ◽  
Anwar Sanusi
Keyword(s):  
Test Score ◽  
Standard Test ◽  
Sampling Techniques ◽  
Purposive Sampling ◽  
Qualitative Descriptive ◽  
The Difference ◽  
Conducting Research ◽  
High Level ◽  
Academic Year ◽  
Very High

This study aims to analyze the Arabic question items for the end of the regional joint madrasah (UAMBD) exam for Madrasah Ibtidaiyah (MI) students for the 2017-2018 Academic Year. After conducting research using qualitative descriptive methods with purposive sampling techniques. The result showed that (1) the validity of the contents of the Arabic UAMBD MI Year 2018 shows a very high. This is showed by the level of 100% compatibility of all the items with the specified lattice; (2) UAMBD MI year 2018 Arabic questions have a high level of reliability or consistency, with a test score of 0.68 (at intervals of 0.60-0.80). It can be stated that the use of Arabic in UAMBD in 2018 can be trusted. If the results in terms of difficulties are 63.23% (0.63), it can be said to a standard test; (3) the difference in power shows it is acceptable at 31.4% and acceptable but needs to be improved at 25.7%; and (4) the distribution of 11 question items in Arabic UAMBD MI 2018 has a very good distribution of answer choices (distractors/deceivers); five good questions; six items lacking; nine bad questions; and four items are terrible.

scholarly journals Examining the relationship between self-actualization and job performance via taking charge

2020 ◽  
Vol 9 (5) ◽  
pp. 74-83
Author(s):  
Nilesh Kumar ◽  
Liu Zhiqiang ◽  
Md.Yahin Hossain
Keyword(s):  
Banking Sector ◽  
Creative Performance ◽  
Cross Sectional ◽  
Individual Level ◽  
Self Actualization ◽  
Taking Charge ◽  
The Difference ◽  
High Level ◽  
The Relationship ◽  
Normal Performance

Based on Construal-level theory, this study hypothesized that self-actualization positively relates to employees’ taking charge, and self-actualization affects creative performance and normal performance through taking charge positively, but the effect is different. The authors selected a cross-sectional design to investigate interrelations amongst study variables at two different time points with the interval of one month, and surveyed 417 team members and 186 immediate team leaders in the banking sector in Pakistan. The authors used individual-level data to evaluate the validity and test the proposed relationships by using Mplus. They revealed that self-actualization affects taking charge positively, and taking charge mediated the relationship with the difference in effect e.g. taking charge has high effect on creative performance in comparison to normal performance. The outcomes carry important implications aimed at increasing high-level self-actualization that results in taking charge, and so on leads to creative and normal performance.

scholarly journals Germany: Financial Crises and Formalization of Banking Supervision

2021 ◽  
pp. 77-86
Author(s):  
Eiji Hotori ◽  
Mikael Wendschlag ◽  
Thibaud Giddey
Keyword(s):  
Banking Sector ◽  
State Level ◽  
West Germany ◽  
Economic Policies ◽  
Banking Supervision ◽  
European Continent ◽  
The Us ◽  
The Government ◽  
High Level ◽  
Second World

AbstractIn Germany, the banking supervision formalized as a consequence of the severe banking crises of the early 1930s, just as in many other countries on the European continent. The formalization process was initiated with the decisions to temporarily take over some of the large commercial banks that faced default in the banking crisis in 1931. Due to the extended loans and direct ownership stakes, the government established a board to look after its interests. The “temporary” measures were made permanent by the Nazi-government as one of several institutional and organizational means to have banks accommodate the economic policies of the regime. All three elements of banking supervision formalization (regulation, a supervisor, and supervision) were in place by the mid-1930s. However, given the very high level of control over the banks at the time, it is misleading to date the emergence of formal banking supervision to this time. During the occupation years, the banking supervision (in West-Germany) was organized at the state-level, similar to the US system. We date the full formalization after the Second World War when the German central government's control over the banking sector ended.

scholarly journals BIAYA REVEGETASI GAMBUT BERDASARKAN KARAKTERISTIK SPESIFIK LAHAN GAMBUT

2021 ◽  
Vol 9 (2) ◽  
pp. 454
Author(s):  
Rina Muhaya ◽  
Asysyifa Asysyifa
Keyword(s):  
Cost Component ◽  
Mutual Cooperation ◽  
Activity Component ◽  
Common Interests ◽  
The Difference ◽  
High Level ◽  
The Cost ◽  
Activity Costs ◽  
Very High ◽  
Cost Components

Peat revegetation is an effort to reduce the rate of areas reduction and the decreasing of storing capability of carbon and to restore the ecological function of peatlands. The purpose of this study was to analyze the cost components of peatland revegetation activities and to analyze the cost of each peat revegetation activity component. The research location taked place in 2 (two) villages, Haur Gading District, HSU Regency, South Kalimantan. The components of revegetation costs were grouped into: transportation costs, tools and mateials, payment and other costs. Data obtained from surveys and field observations and interviews. The data analysis used were a tabulation matrix and a comparison of each cost component for revegetation activities from the 2 compared villages. The total cost of Village A peatland revegetation activities is 10,851,018/ha. The characteristics of the community in Village A are very participatory and willing to cooperate with outside parties so that revegetation activities in this Village run well. The very high value of mutual cooperation and the desire to put common interests first became the basis for their actions. Village B revegetation activity costs Rp.12,117,883.00/ha. The very large costs involved in the procurement of seedlings due to the addition of 3,500 seedlings/21ha as replacements for dead, damaged or lost seedlings. The difference in the cost of revegetation activities is IDR 1,266,865/ha. This shows that a high level of participation and cooperation is able to reduce the cost of revegetation of peatlands.

Difference of [Ca2+]i Movements in Platelets Stimulated by Thrombin and TRAP: the Involvement of αIIbβ3-Mediated TXA2 Synthesis

1998 ◽  
Vol 79 (06) ◽  
pp. 1184-1190 ◽  
Author(s):  
Yoshiaki Tomiyama ◽  
Shigenori Honda ◽  
Kayoko Senzaki ◽  
Akito Tanaka ◽  
Mitsuru Okubo ◽  
...  
Keyword(s):  
Platelet Aggregation ◽  
Fibrinogen Binding ◽  
Adp Release ◽  
The Difference ◽  
Txa2 Receptor Antagonist ◽  
High Level ◽  
Inhibition Studies ◽  
Peak Increase ◽  
Second Peak ◽  
Assay Conditions

SummaryThis study investigated the difference of [Ca2+]i movement in platelets in response to thrombin and TRAP. The involvement of αIIbβ3 in this signaling was also studied. Stimulation of platelets with thrombin at 0.03 U/ml caused platelet aggregation and a two-peak increase in [Ca2+]i. The second peak of [Ca2+]i, but not the first peak was abolished by the inhibition of platelet aggregation with αIIbβ3 antagonists or by scavenging endogenous ADP with apyrase. A cyclooxygenase inhibitor, aspirin, and a TXA2 receptor antagonist, BM13505, also abolished the second peak of [Ca2+]i but not the first peak, although these regents did not inhibit aggregation. Under the same assay conditions, measurement of TXB2 demonstrated that αIIbβ3 antagonists and aspirin almost completely inhibited the production of TXB2. In contrast to thrombin-stimulation, TRAP caused only a single peak of [Ca2+]i even in the presence of platelet aggregation, and a high level of [Ca2+]i increase was needed for the induction of platelet aggregation. The inhibition of aggregation with αIIbβ3 antagonists had no effect on [Ca2+]i change and TXB2 production induced by TRAP. Inhibition studies using anti-GPIb antibodies suggested that GPIb may be involved in the thrombin response, but not in the TRAP. Our findings suggest that low dose thrombin causes a different [Ca2+]i response and TXA2 producing signal from TRAP. Endogenous ADP release and fibrinogen binding to αIIbβ3 are responsible for the synthesis of TXA2 which results in the induction of the second peak of [Ca2+]i in low thrombin- but not TRAP-stimulated platelets.

ATTITUDE TO OPEN ACCESS IN RUSSIAN SCHOLARLY COMMUNITY: 2018. SURVEY RESULTS AND ANALYSIS

2018 ◽  
Vol 1 (1) ◽  
pp. 6-21 ◽  
Author(s):  
I. K. Razumova ◽  
N. N. Litvinova ◽  
M. E. Shvartsman ◽  
A. Yu. Kuznetsov
Keyword(s):  
Open Access ◽  
Open Access Publishing ◽  
Scholarly Community ◽  
Research Areas ◽  
Survey Results ◽  
The Difference ◽  
Policies And Programs ◽  
The Uk ◽  
High Level ◽  
Access Policies

Introduction. The paper presents survey results on the awareness towards and practice of Open Access scholarly publishing among Russian academics.Materials and Methods. We employed methods of statistical analysis of survey results. Materials comprise results of data processing of Russian survey conducted in 2018 and published results of the latest international surveys. The survey comprised 1383 respondents from 182 organizations. We performed comparative studies of the responses from academics and research institutions as well as different research areas. The study compares results obtained in Russia with the recently published results of surveys conducted in the United Kingdom and Europe.Results. Our findings show that 95% of Russian respondents support open access, 94% agree to post their publications in open repositories and 75% have experience in open access publishing. We did not find any difference in the awareness and attitude towards open access among seven reference groups. Our analysis revealed the difference in the structure of open access publications of the authors from universities and research institutes. Discussion andConclusions. Results reveal a high level of awareness and support to open access and succeful practice in the open access publications in the Russian scholarly community. The results for Russia demonstrate close similarity with the results of the UK academics. The governmental open access policies and programs would foster the practical realization of the open access in Russia.

Role of Credit Rating in determining Capital structure: Evidence from Non-Financial sector of Pakistan

2020 ◽  
Vol 38 (3) ◽  
Author(s):  
Shoaib Ali ◽  
Imran Yousaf ◽  
Muhammad Naveed
Keyword(s):  
Capital Structure ◽  
Credit Rating ◽  
Least Square ◽  
Annual Data ◽  
Leverage Ratio ◽  
Financial Decisions ◽  
Financial Firms ◽  
High Level ◽  
The Impact ◽  
The Capital Structure

This paper aims to examine the impact of external credit ratings on the financial decisions of the firms in Pakistan.  This study uses the annual data of 70 non-financial firms for the period 2012-2018. It uses ordinary least square (OLS) to estimate the impact of credit rating on capital structure. The results show that rated firm has a high level of leverage. Moreover, Profitability and tanagability are also found to be a significantly negative determinant of the capital structure, whereas, size of the firm has a significant positive relationship with the capital structure of the firm.  Besides, there exists a non-linear relationship between the credit rating and the capital structure. The rated firms have higher leverage as compared to the non-rated firms. The high and low rated firms have a low level of leverage, while mid rated firms have a higher leverage ratio. The finding of the study have practical implications for the manager; they can have easier access to the financial market by just having a credit rating no matter high or low. Policymakers must stress upon the rating agencies to keep improving themselves as their rating severs as the measure to judge the creditworthiness of the firm by both the investors and management as well.

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