Global

This paper develops a study on identifying the most significant determinants of capital structure of 15 firms listed on the S&P 500 index, New York Stock Exchange using panel data over 5 years period from 2010 to 2014. Multiple regression analysis has been employed for testing the impact of six independent variables on three dependent variables. The results show that among all the six independent variables that represent profitability, size, growth, tangibility, cost of financial distress and non-debt tax shield effects; tangibility has a significant impact on the three of dependent variables which are total debt ratio, long term debt ratio and short term debt ratio. Thus, profitability, size, growth, tangibility, cost of financial distress and non-debt tax shield effects are the determinants of capital structure for the IT firms in the United States. The study concludes that debt is preferred in the capital structure of firms in the IT sector of the United States.
In our current age of information, digitization, democratization, and globalization, technology has changed people’s habits to expect immediately accessible information. Technology is no longer merely a tool, but a “new” medium capable of instantaneously and seamlessly altering people’s internal consciousness. As the treasure houses of art and artifacts, museums have evolved with the times to establish its presence and accessibility in the information age, digitizing its collection from which new exhibition formats and museum experiences can be created. This paper conducts a literature review of digitization’s impact on the curatorial efforts of major world-renowned national museums as the context for a case study evaluating the fruits of digitization at the National Palace Museum in recent years, with a focus on the most recent new media art exhibition, the Giuseppe Castiglione: Lang Shining New Media Art Exhibition.
Women’s economic empowerment is very much important part of economic development discourse in any development undertaking of a nation. Women empowerment depends on taking part in various development activities. Therefore, the involvement of women in various entrepreneurial activities has empowered them in social, economic and cultural fields. Despite recent progress in the advancement and empowerment, women in Bangladesh still remain vulnerable to poverty and social deprivations. Women entrepreneurs are in a less favorable position compared to men in case of accessing for example commercial credit from formal financial service providers, more lucrative markets, rather than the traditional local markets, technology and information to establish and grow their businesses, national incentives in small enterprise development through gender blind private sector development and fiscal policies and legislation and training and education for small enterprise development. In such a context, this paper attempts to investigate, evaluate and analyze the available support services for developing women entrepreneurship in Bangladesh.
Indigenous chickens in Ethiopia are found in huge numbers distributed across different agro ecological zones under a traditional family-based scavenging management system. This indicates that, they are highly important farm animals kept as a source of animal protein and income to most of the rural populations. Religions and cultural considerations are also amongst the reasons for keeping chickens by resource poor farmers in Africa. Similarly, households in Ethiopia keep birds for household consumption, sale and reproduction purposes including other social and cultural roles. Ethiopia, with its wide variations in agro-climatic conditions, possesses one of the largest and the most diverse plant and animal genetic resources in the world. Therefore, this study was conducted from September 2013 to May 2014 in nine selected kebeles and South bench Woreda’s located in Bench Maji Zone of South western of Ethiopia with the objective to describe indigenous chicken husbandry practices and production system.
Globalization has led to unprecedented risks stemming from global interconnectedness. Economic trade may distribute benefits of international exchange unevenly due to fundamental barriers of distance, national borders and implicit market segmentation. In order to equalize more equitable trade prosperity, the European Union (EU) 4 freedoms of goods, services, capital and labor were established by a neoliberal policy framework and the Eurozone featuring a common currency. While there is a vital central monetary union and since the 2008/09 World Financial Crisis a common European fiscal pact, EU free movement is limited regarding labor mobility. This paper is based on the idea that the asymmetry of the mobility of labor and capital leads to the risk of an uneven distribution of gains within the European Union towards some core states against the periphery. In the light of the current European migration, the following paper offers a forward-thinking perspective on potential emergent risks arising within the European Union due to an asymmetry between the mobility of labor on the one hand and capital and goods on the other in times of mass migration.
The implementation of climate stability accounts for the most challenging contemporary global governance predicament that seems to pit today’s generation against future world inhabitants. In a trade-off of economic growth versus sustainability, a broad-based international coalition could establish climate stability. As a novel angle towards climate justice, this paper proposes to search for a well-balanced climate mitigation and adaptation public policy mix guided by micro- and macroeconomic analysis results, and a new way of funding climate change mitigation and adaptation policies through broad-based climate stability bonds that also involve future generations that complement taxation and emission trading system solutions. Contemporary climate stability financing strategies are discussed in order to derive recommendations how market economies can be brought to a path consistent with prosperity and sustainability.
Thomas Piketty’s (2014) Capital in the 21st Century revolutionized economic thoughts on inequality. Started by the 2008/09 World Financial Crisis and cumulated in the subsequent Occupy movement, attention to rising inequality regarding economic wage, opportunity and wealth led to advocacy for a more equal society. Innovatively, this article argues for a mixture of equality and inequality within a societal network holding value when access to opportunities to transfer implicit wealth is distributed merit-based. By the example of Ivy League educational institutions, but also elaborating on social environments and interaction networks, a novel economic wealth transfer model is proposed. Within an economic system, dyads of unequal crystallized value based on heritage (e.g., royal families, legacy admits) and merit-based equality represented by offspring from families with underprivileged backgrounds, whose outperforming ambition, fluid intelligence and drive may lead to fruitful social interactions and beneficial wealth transfers, may create beneficial economic outcomes. On the societal level, within networks favorable environments may serve as transformation hubs if entered merit-based by underprivileged families.
The four core coordinates of human existenceculture, society, religion and family- have continued in locating women and men in specific social contexts. Using a qualitative data collection approach, the study examines the context of married Yoruba women’s sexual and health rights focusing on their rights to make responsible sexual and reproductive decisions. Findings reveal interplay between gender and sexuality. Beliefs and images about masculinity and femininity result in the men feeling that they must initiate sex, dominate and conquer their wives, without being sensitive to their emotional needs. The logic that follows from this is the fact that men presumably are granted the unconditional sexual access to their wives, while women on the other hand lack sexual autonomy. The study concludes that there is relativity of power between married men and women in sexual intercourse no matter the level of the woman’s socio-economic status instigated by the social conditioning.
This paper presents a new enhancement approach for infrared images. The idea behind this technique is based on that modifies the local luminance mean of an image and controls the local contrast as a function of the local Luminance mean of the image. The algorithm first separates an image into LPF (low pass filtered) and HPF (high pass filtered) components. The LPF component then controls the amplitude of the HPF component to increase the local contrast. The LPF component is then subjected to a non linearity to modify the local luminance mean of the image and is combined with the processed HPF component. Finally, this approach is enhanced to get an infrared image with better visual details.
The case study is about Corporate Governance and its failure in India. We consider the corporate governance to be the main element when we have to talk about the success of a company but at the same time if it fails due to different reasons such as, the financial, social and political reasons, the consequences can be very serious. In order to understand the importance of this system we have tried to explain and define the notion of corporate governance being inspired by the studies already made in this field. In the second part of the paper we pointed out the benefits that a company enjoys when good corporate governance practices are embraced. In the third part we highlighted the principles and the models of corporate governance. In the fourth part of the paper we focused out attention on some resounding financial scandals from all over the world and then analyzed the causes that led to failures. Towards the end, we took a close look at the failure in corporate governance and tried to analyse the reasons that lead to failure.