scholarly journals Does Corporate Charitable Giving Help Sustain Corporate Performance in China?

2019 ◽  
Vol 11 (5) ◽  
pp. 1491 ◽  
Author(s):  
Keling Wang ◽  
Yaqiong Miao ◽  
Ching-Hui Su ◽  
Ming-Hsiang Chen ◽  
Zhongjun Wu ◽  
...  
Keyword(s):  
Charitable Giving ◽  
Corporate Performance ◽  
Sales Growth ◽  
Short Term ◽  
Return On Equity ◽  
Long Term Performance ◽  
Term Performance ◽  
The Impact ◽  
Total Sales

We examined whether corporate charitable giving (CCG) in China benefits corporate performance (CP) in terms of sales growth (SG), return on asset (ROA), return on equity (ROE), and Tobin’s Q (TQ), and revealed several findings. First, testing shows variation in the impact of CCG on CP. Whereas the ratio of corporate charitable giving (RCCG) to total sales revenue does not significantly enhance SG, ROA, and ROE, it is positively related to TQ. Second, the positive relationship between RCCG and TQ originates from non-state-owned firms (NSOFs) rather than state-owned firms (SOFs). Third, Chinese firms may use CCG as traditional philanthropy to enhance long-term performance instead of strategically using it to generate short-term performance. Lastly, an inverted U-shaped relationship exists between RCCG and TQ, especially for NSOFs.

scholarly journals Switch-out and switch-in: What motivates the decision makers in Italian occupational pension funds?

2016 ◽  
Vol 5 (1) ◽  
pp. 37-42
Author(s):  
Andrea Lippi
Keyword(s):  
Decision Process ◽  
Pension Funds ◽  
Decision Makers ◽  
Occupational Pension ◽  
Short Term ◽  
The One ◽  
Long Term Performance ◽  
Term Performance ◽  
The Impact

To switch presumes two kinds of transactions carried out by the same person: on the one hand, the decision to exit an investment line (switch-out) and, on the other hand, the decision to enter into a new investment line (switch-in). What motivates the decision makers? This paper, considering a sample of Italian occupational pension funds, investigates the impact of short-term and long-term performance on the switch decision process and whether the same performance can lead investors to make opposite switch decisions. Some irrational behaviors are identified.

scholarly journals Post-Acquisition Performance of Emerging Market Firms: A Multi-Dimensional Analysis of Acquisitions in India

2021 ◽  
Vol 14 (12) ◽  
pp. 567
Author(s):  
Arindam Das
Keyword(s):  
Structural Equation ◽  
Emerging Market ◽  
Empirical Studies ◽  
Short Term ◽  
Firm Level ◽  
Acquisition Performance ◽  
Long Term Performance ◽  
Term Performance ◽  
A Performance

M&A performance is a multifaceted, compound construct with no overarching factor that captures all different dimensions. This paper examines the concept of acquisition performance and proposes a model that links firm-level factors and transaction parameters with firms’ short-term and long-term performance, extending to financial-, market- and innovation measures. Building on past empirical studies on the influence of various factors on M&A performance, a multi-dimensional structural equation model has been developed and it has been tested with a dataset on acquisitions in the Indian technology sector over a period of ten years. The results suggest that: (a) smaller acquirers with higher book value and leveraged firms demonstrate better long-term performance; (b) contrary to established understanding, short-term market returns are not influenced by deal parameters; (c) majority stake purchases show relatively lesser gains—suggesting the possible presence of post-acquisition integration issues and, (d) acquirers with high intangible assets continue to do well on innovation performance post-acquisition. By indicating situations and conditions under which an acquisition would potentially lead to a performance gain for the acquirer, these results provide significant insight to practitioners pursuing M&As for growth opportunities.

scholarly journals The Evaluation of Short- and Long-Term Performance of Cold-Mix Asphalt Patching Materials

2020 ◽  
Vol 2020 ◽  
pp. 1-11
Author(s):  
Chien-Wei Huang ◽  
Tsung-Han Yang ◽  
Guan-Bo Lin
Keyword(s):  
Stability Result ◽  
Short Term ◽  
Curing Conditions ◽  
Initial Stability ◽  
Service Durability ◽  
Highly Correlated ◽  
Marshall Stability ◽  
Long Term Performance ◽  
Term Performance

Potholes, one of the major types of distress on pavement surfaces, damage vehicles and are a safety hazard for the travelling public. In order to mitigate the effect of potholes, cold-mix asphalt (CMA) patching materials are commonly used for urgent repair of pavement surfaces before resurfacing can be undertaken. Therefore, the short-term (initial stability) and long-term (in-service durability) performance evaluation of CMA patching materials is necessary. This study conducted several curing conditions in the laboratory to investigate short-term, long-term, and moisture effects on pavement surfaces. Moreover, this study compared the Marshall stability of samples prepared under various compaction conditions. Marshall stability, Cantabro abrasion, and UK wheel tracking tests were conducted to evaluate the performance of CMA patching materials. The results indicated that the Marshall stability of dense-gradation (DG) CMA patching materials was higher than that of open-graded (OG) CMA patching materials and the Marshall stability of OG CMA patching materials was highly influenced by the coarse aggregate proportion. The DG and OG CMA patching materials exhibited comparable abrasion resistance, and the Cantabro abrasion ratio was highly correlated to the estimated asphalt film thickness for the OG CMA patching materials. A moisture indicator (MI) was proposed, and the effect of moisture damage on Marshall stability and Cantabro abrasion ratio was related to the proposed MI. The rutting resistance of the DG CMA patching materials was higher than that of the OG CMA patching materials, which is consistent with the Marshall stability result.

The Use of Laboratory-Measured and Strain-Gauge Backcalculated Asphalt Stiffness for Rutting Performance Prediction

2019 ◽  
Vol 2673 (3) ◽  
pp. 323-333
Author(s):  
Erdem Coleri ◽  
John T. Harvey
Keyword(s):  
Performance Prediction ◽  
Strain Gauge ◽  
Asphalt Concrete ◽  
Laboratory Tests ◽  
Concrete Materials ◽  
Long Term Performance ◽  
Term Performance ◽  
The Impact

Laboratory tests are conducted with asphalt concrete materials to determine the expected in-situ performance. In addition, laboratory test results are commonly used in mechanistic-empirical design methods for material characterization to improve the predictive accuracy of the models. However, the effectiveness of laboratory tests in characterizing the long-term performance of asphalt concrete materials needs to be validated to be able to use the results for pavement design and long-term performance prediction. Inaccurate performance characterization and prediction can directly affect the decision-making process for pavement maintenance, rehabilitation, and reconstruction and result in unexpected early failures in the field. The major objective of this study is to determine the impact of using laboratory-measured asphalt stiffness on the prediction accuracy of mechanistic-empirical models. In addition, the effect of using linear-elastic modeling assumptions (layered elastic theory) and neglecting the nonlinearity of pavement response at high load levels (and/or at high strain levels for weaker structures) on the predicted rutting performance was determined. In this study, the effectiveness of the use of laboratory asphalt stiffness tests for in-situ asphalt stiffness characterization was determined by comparing the rutting performance predicted using laboratory-measured stiffness to rutting predicted using strain-gauge backcalculated stiffness. It was determined that laboratory tests are able to characterize the in-situ stiffness characteristics of the asphalt mix used in this study and the stiffness characterization process suggested in this study can provide reliable rutting performance predictions. Results of this study are only applicable to tested rubberized asphalt concrete mixtures.

scholarly journals Impact of Capital Structure on Profitability:An empirical analysis of listed firms in India

2018 ◽  
Vol 7 (2) ◽  
pp. 1-6
Author(s):  
Atif Ghayas ◽  
Javaid Akhter
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Short Term ◽  
Return On Equity ◽  
Listed Firms ◽  
Relationship Capital ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

This study aims to empirically examine and analyze the impact of capital structure decision on the firm’s profitability by using a sample of 35 Indian pharmaceutical companies listed on Bombay Stock Exchange (BSE) during the period of 5 years from 2012 to 2016. Regression Analysis is used to measure the extent and nature of the relationship. Capital structure variables used in the study are ratio of long-term debt to total assets (LDA), ratio of short-term debt to total assets (SDA) and ratio of Total debt to total assets (DA) while profitability has been measure by Return on Equity (ROE). Firms Size (SIZE)and Salesgrowth(GROW) are also used as control variables. Results reveal a positive effect of SDA and DA on ROE, while a weak-to-no effect was found of LDA on ROE.

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