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conversion cycle</title> <meta name="description" content="Search results for: cash conversion cycle"> <meta name="keywords" content="cash conversion cycle"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block 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action="https://publications.waset.org/abstracts/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="cash conversion cycle"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 3463</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: cash conversion cycle</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3463</span> Liquidity and Cash Management in Business-A Key to Business Survival and Growth: The Nigerian Case</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ugbor%20Raphael%20Oluchukwu">Ugbor Raphael Oluchukwu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Focusing on liquidity comes more naturally to a Chief Executive Officer than an Accountant who is trained to practice accrual accounting. When business is just commencing, it is essentially run on a cheque book (cash accounting) and for as long as there is cash in the accounts, the business is solvent. When complexity sets in and the business adopts financial accounting, the effect of liquidity and cash management becomes more pronounced. The management of cash no doubts impacts positively on the survival and growth of firms. What is in doubt is the amount of cash to be held by a firm as enough cash to enable the firm stay “afloat”. The focus of this paper is to determine liquidity and cash management in business, the Nigerian case. The specific objectives of the study are to do a theoretical review of the amount of cash to be held by a firm as enough cash to enable it stay afloat and to do a theoretical analysis to show the effect of cash flow on the survival and growth of firms in Nigeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash" title="cash">cash</a>, <a href="https://publications.waset.org/abstracts/search?q=firm%20survival" title=" firm survival"> firm survival</a>, <a href="https://publications.waset.org/abstracts/search?q=growth" title=" growth"> growth</a>, <a href="https://publications.waset.org/abstracts/search?q=liquidity%20management" title=" liquidity management"> liquidity management</a> </p> <a href="https://publications.waset.org/abstracts/18512/liquidity-and-cash-management-in-business-a-key-to-business-survival-and-growth-the-nigerian-case" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/18512.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">585</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3462</span> The Conduct of Laundering Money through Transport of Cash in the Middle East and North Africa Region</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Haytham%20Yassine">Haytham Yassine</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This article mainly aims to detect and understand how money laundering activities are executed by transport of cash, identifying the underlying factors and separating legitimate from illegitimate usage of cash and how it is being used. This research provides academics with additional literature and provides bank supervisors and practitioners with a better understanding of sources and uses of cash in criminal activities and how cash is used in the laundering mechanism. Data are gathered through survey in the Middle East and North Africa region and review of the available research. The results of the analysis will help distinguish the factors affecting preference for cash rather other payment instruments in the region, identify what causes the tendency to launder illegal proceeds through cash transportation and how illegal cash is being laundered and moved. On the other hand, this paper sheds the light on major cash generating criminal activities, its sources and main destinations. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=illegitimate%20activities" title="illegitimate activities">illegitimate activities</a>, <a href="https://publications.waset.org/abstracts/search?q=cash" title=" cash"> cash</a>, <a href="https://publications.waset.org/abstracts/search?q=money%20laundering" title=" money laundering"> money laundering</a>, <a href="https://publications.waset.org/abstracts/search?q=terrorism%20financing" title=" terrorism financing"> terrorism financing</a> </p> <a href="https://publications.waset.org/abstracts/117607/the-conduct-of-laundering-money-through-transport-of-cash-in-the-middle-east-and-north-africa-region" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/117607.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">150</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3461</span> ATM Location Problem and Cash Management in ATM's</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=M.%20Erol%20Genevois">M. Erol Genevois</a>, <a href="https://publications.waset.org/abstracts/search?q=D.%20Celik"> D. Celik</a>, <a href="https://publications.waset.org/abstracts/search?q=H.%20Z.%20Ulukan"> H. Z. Ulukan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Automated teller machines (ATMs) can be considered among one of the most important service facilities in the banking industry. The investment in ATMs and the impact on the banking industry is growing steadily in every part of the world. The banks take into consideration many factors like safety, convenience, visibility, cost in order to determine the optimum locations of ATMs. Today, ATMs are not only available in bank branches but also at retail locations. Another important factor is the cash management in ATMs. A cash demand model for every ATM is needed in order to have an efficient cash management system. This forecasting model is based on historical cash demand data which is highly related to the ATMs location. So, the location and the cash management problem should be considered together. Although the literature survey on facility location models is quite large, it is surprising that there are only few studies which handle together ATMs location and cash management problem. In order to fulfill the gap, this paper provides a general review on studies, efforts and development in ATMs location and cash management problem. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=ATM%20location%20problem" title="ATM location problem">ATM location problem</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20management%20problem" title=" cash management problem"> cash management problem</a>, <a href="https://publications.waset.org/abstracts/search?q=ATM%20cash%20replenishment%20problem" title=" ATM cash replenishment problem"> ATM cash replenishment problem</a>, <a href="https://publications.waset.org/abstracts/search?q=literature%20review%20in%20ATMs" title=" literature review in ATMs"> literature review in ATMs</a> </p> <a href="https://publications.waset.org/abstracts/32530/atm-location-problem-and-cash-management-in-atms" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/32530.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">480</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3460</span> Cash Management and the Impact of Cashless Policy in a Developing Nation: Nigeria as a Case Study</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ossai%20Paulinus%20Edwin">Ossai Paulinus Edwin</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Cash Management is a broad area having to do with the collection, concentration, and disbursement of cash including measuring the level of liquidity and managing the cash balance and short-Term Investments. Cash Management involves the efficient collection and disbursement of cash and cash equivalents. It also includes management of marketable securities because, in modern Terminology, money comprises marketable securities and actual cash in hand or in a bank. This cash management is concerned with management of cash inflow and cash outflow of a business especially as it concerns a developing nation like Nigeria. The paper throws light on the impact of cashless policy in Nigeria as it was introduced by the Central Bank of Nigeria (CBN) in December 2011 and was kick-started in Lagos in January 2012. Survey research was adopted with the questionnaires as data collection instrument. Responses show that cashless policy if adopted generally shall increase employment opportunities, reduce cash related robbery thereby reducing risk of carrying cash; it shall also reduce cash related corruption and attract more foreign investors to the country. It is expected that the introduction of cashless policy in Nigeria is a step in the right direction as it shall bring about modernization of Nigeria payment system, reduction in the cost of banking services, reduction in high security and safety risk and also curb banking related corruptions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cashless%20economy" title="cashless economy">cashless economy</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20management" title=" cash management"> cash management</a>, <a href="https://publications.waset.org/abstracts/search?q=cashless%20policy" title=" cashless policy"> cashless policy</a>, <a href="https://publications.waset.org/abstracts/search?q=e-banking" title=" e-banking"> e-banking</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria"> Nigeria</a> </p> <a href="https://publications.waset.org/abstracts/13859/cash-management-and-the-impact-of-cashless-policy-in-a-developing-nation-nigeria-as-a-case-study" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/13859.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">539</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3459</span> Cash Management in a Cashless Economy of a Developing Nation, Problems and Prospects: Nigeria a Case Study</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ossai%20Paulinus%20Edwin">Ossai Paulinus Edwin</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Cash Management is a broad area having to do with the collection, concentration and disbursement of cash including measuring the level of liquidity and managing the cash balance and Short-Term Investments. Cash Management involves the efficient collection and disbursement of cash and cash equivalents. It also includes management of marketable securities because, in modern Terminology, money comprises marketable securities and actual cash in hand or in a bank. This cash management is concerned with management of cash inflow and cash outflow of a business especially as it concerns a developing nation like Nigeria. The paper throws light on the impact of cashless policy in Nigeria as it was introduced by the Central Bank of Nigeria (CBN) in December 2011 and was kick started in Lagos in January 2012. Survey research was adopted with the questionnaires as data collection instrument. Responses show that cashless policy if adopted generally shall increase employment opportunities, reduce cash related robbery thereby reducing risk of carrying cash; it shall also reduce cash related corruption and attract more foreign investors to the country. It is expected that the introduction of cashless policy in Nigeria is a step in the right direction as it shall bring about modernization of Nigeria payment system, reduction in the cost of banking services, reduction in high security and safety risk and also curb banking related corruptions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cashless%20economy" title="cashless economy">cashless economy</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20management" title=" cash management"> cash management</a>, <a href="https://publications.waset.org/abstracts/search?q=cashless%20policy" title=" cashless policy"> cashless policy</a>, <a href="https://publications.waset.org/abstracts/search?q=e-banking" title=" e-banking"> e-banking</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria "> Nigeria </a> </p> <a href="https://publications.waset.org/abstracts/29744/cash-management-in-a-cashless-economy-of-a-developing-nation-problems-and-prospects-nigeria-a-case-study" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/29744.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">387</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3458</span> The Relationship between Investment and Dividend in a Condition of Cash Flow Uncertainly: Evidence from Iran</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Moridi%20Fatemeh">Moridi Fatemeh</a>, <a href="https://publications.waset.org/abstracts/search?q=Dasineh%20Mehdi"> Dasineh Mehdi</a>, <a href="https://publications.waset.org/abstracts/search?q=Jafari%20Narges"> Jafari Narges</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The aim of this study was to investigate the relationship between dividends and investment in a condition of cash flow uncertainty. Previous studies have also found some evidence that there is N-shaped relationship between dividends and investment given different levels of cash uncertainly. Thus, this study examines this relationship over the period 2009-2014 in Tehran Stock Exchange (TSE). Based on our sample and new variables, we found reverse N-shaped relationship in different levels of cash flow uncertainly. This shape was descending in cash flow certainly and uncertainly but it is ascending in medial position. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=dividends" title="dividends">dividends</a>, <a href="https://publications.waset.org/abstracts/search?q=investment" title=" investment"> investment</a>, <a href="https://publications.waset.org/abstracts/search?q=nonlinear%20relationship" title=" nonlinear relationship"> nonlinear relationship</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20of%20cash%20flow" title=" uncertainty of cash flow"> uncertainty of cash flow</a> </p> <a href="https://publications.waset.org/abstracts/45030/the-relationship-between-investment-and-dividend-in-a-condition-of-cash-flow-uncertainly-evidence-from-iran" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/45030.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">329</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3457</span> Pantawid Pamilyang Pilipino Program, '4P’s': Breaking the Vicious Poverty Cycle</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bernadette%20F.%20De%20La%20Cruz">Bernadette F. De La Cruz</a>, <a href="https://publications.waset.org/abstracts/search?q=Susan%20Marie%20R.%20Dela%20Cruz"> Susan Marie R. Dela Cruz</a>, <a href="https://publications.waset.org/abstracts/search?q=Georgia%20D.%20Demavibas"> Georgia D. Demavibas</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pantawid Pamilyang Pilipino Program (4P) is a conditional cash transfer program in the Philippines pay extremely poor household-beneficiaries in order to fulfill the country’s commitment to the number one of the Millennium Development Goals (MDG). 4P's send 10,235,256 school children aged 6-18 from a total of 4,353,597 registered households with an average of two to three children. We analyze this program in Iloilo, Philippines. We show that this program can be made efficient by selecting beneficiaries and calibrating transfer for a maximum breaking of intergenerational poverty cycle of hunger, health and achieve higher education. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=ESGP-PA" title="ESGP-PA">ESGP-PA</a>, <a href="https://publications.waset.org/abstracts/search?q=millennium%20development%20goals" title=" millennium development goals"> millennium development goals</a>, <a href="https://publications.waset.org/abstracts/search?q=house%20hold%20beneficiaries" title=" house hold beneficiaries"> house hold beneficiaries</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20transfer" title=" cash transfer"> cash transfer</a> </p> <a href="https://publications.waset.org/abstracts/40755/pantawid-pamilyang-pilipino-program-4ps-breaking-the-vicious-poverty-cycle" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/40755.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">404</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3456</span> Thermodynamic Cycle Using Cyclopentane for Waste Heat Recovery Power Generation from Clinker Cooler Exhaust Flue Gas</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Vijayakumar%20Kunche">Vijayakumar Kunche</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Waste heat recovery from Pre Heater exhaust gases and Clinker cooler vent gases is now common place in Cement Industry. Most common practice is to use Steam Rankine cycle for heat to power conversion. In this process, waste heat from the flue gas is recovered through a Heat Recovery steam generator where steam is generated and fed to a conventional Steam turbine generator. However steam Rankine cycle tends to have lesser efficiency for smaller power plants with less than 5MW capacity and where the steam temperature at the inlet of the turbine is less than 350 deg C. further a steam Rankine cycle needs treated water and maintenance intensive. These problems can be overcome by using Thermodynamic cycle using Cyclopentane vapour in place of steam. This innovative cycle is best suited for Heat recovery in cement plants and results in best possible heat to power conversion efficiency. This paper discusses about Heat Recovery Power generation using innovative thermal cycle which uses Cyclopentane vapour in place of water- steam. And how this technology has been adopted for a Clinker cooler hot gas from mid-tap. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=clinker%20cooler" title="clinker cooler">clinker cooler</a>, <a href="https://publications.waset.org/abstracts/search?q=energy%20efficiency" title=" energy efficiency"> energy efficiency</a>, <a href="https://publications.waset.org/abstracts/search?q=organic%20rankine%20cycle" title=" organic rankine cycle"> organic rankine cycle</a>, <a href="https://publications.waset.org/abstracts/search?q=waste%20heat%20recovery" title=" waste heat recovery"> waste heat recovery</a> </p> <a href="https://publications.waset.org/abstracts/86064/thermodynamic-cycle-using-cyclopentane-for-waste-heat-recovery-power-generation-from-clinker-cooler-exhaust-flue-gas" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/86064.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">236</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3455</span> Cash Flow Position and Corporate Performance: A Study of Selected Manufacturing Companies in Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Uzoma%20Emmanuel%20Igboji">Uzoma Emmanuel Igboji</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study investigates the effects of cash flow position on corporate performance in the manufacturing sector of Nigeria, using multiple regression techniques. The study involved a survey of five (5) manufacturing companies quoted on the Nigerian Stock Exchange. The data were obtained from the annual reports of the selected companies under study. The result shows that operating and financing cash flow have a significant positive relationship with corporate performance, while investing cash flow position have a significant negative relationship. The researcher recommended that the regulatory authorities should encourage external auditors of these quoted companies to use cash flow ratios in evaluating the performance of a company before expressing an independent opinion on the financial statement. The will give detailed financial information to existing and potential investors to make informed economic decisions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash%20flow" title="cash flow">cash flow</a>, <a href="https://publications.waset.org/abstracts/search?q=financing" title=" financing"> financing</a>, <a href="https://publications.waset.org/abstracts/search?q=performance" title=" performance"> performance</a>, <a href="https://publications.waset.org/abstracts/search?q=operating" title=" operating"> operating</a> </p> <a href="https://publications.waset.org/abstracts/50637/cash-flow-position-and-corporate-performance-a-study-of-selected-manufacturing-companies-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/50637.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">315</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3454</span> Working Capital Efficiency and Firm Profitability: Nigeria and Kenya</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Lucian%20J.%20Pitt">Lucian J. Pitt </a> </p> <p class="card-text"><strong>Abstract:</strong></p> The primary purpose of this study is to understand the differences in the relationship between working capital management efficiency, working capital investment decisions and working capital finance decisions and the profitability of firms within the context of two African developing economies, Kenya and Nigeria. The study finds that there is a significant difference in the relationship between the firm’s profitability and the working capital variables which suggests different challenges for working capital management in each of these countries. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=working%20capital%20management" title="working capital management">working capital management</a>, <a href="https://publications.waset.org/abstracts/search?q=working%20capital%20investment" title=" working capital investment"> working capital investment</a>, <a href="https://publications.waset.org/abstracts/search?q=working%20capital%20finance" title=" working capital finance"> working capital finance</a>, <a href="https://publications.waset.org/abstracts/search?q=profitability" title=" profitability"> profitability</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20conversion%20cycle" title=" cash conversion cycle"> cash conversion cycle</a> </p> <a href="https://publications.waset.org/abstracts/6417/working-capital-efficiency-and-firm-profitability-nigeria-and-kenya" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/6417.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">358</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3453</span> BI- And Tri-Metallic Catalysts for Hydrogen Production from Hydrogen Iodide Decomposition</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Sony">Sony</a>, <a href="https://publications.waset.org/abstracts/search?q=Ashok%20N.%20Bhaskarwar"> Ashok N. Bhaskarwar</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Production of hydrogen from a renewable raw material without any co-synthesis of harmful greenhouse gases is the current need for sustainable energy solutions. The sulfur-iodine (SI) thermochemical cycle, using intermediate chemicals, is an efficient process for producing hydrogen at a much lower temperature than that required for the direct splitting of water. No net byproduct forms in the cycle. Hydrogen iodide (HI) decomposition is a crucial reaction in this cycle, as the product, hydrogen, forms only in this step. It is an endothermic, reversible, and equilibrium-limited reaction. The theoretical equilibrium conversion at 550°C is just a meagre of 24%. There is a growing interest, therefore, in enhancing the HI conversion to near-equilibrium values at lower reaction temperatures and by possibly improving the rate. The reaction is relatively slow without a catalyst, and hence catalytic decomposition of HI has gained much significance. Bi-metallic Ni-Co, Ni-Mn, Co-Mn, and tri-metallic Ni-Co-Mn catalysts over zirconia support were tested for HI decomposition reaction. The catalysts were synthesized via a sol-gel process wherein Ni was 3wt% in all the samples, and Co and Mn had equal weight ratios in the Co-Mn catalyst. Powdered X-ray diffraction and Brunauer-Emmett-Teller surface area characterizations indicated the polycrystalline nature and well-developed mesoporous structure of all the samples. The experiments were performed in a vertical laboratory-scale packed bed reactor made of quartz, and HI (55 wt%) was fed along with nitrogen at a WHSV of 12.9 hr⁻¹. Blank experiments at 500°C for HI decomposition suggested conversion of less than 5%. The activities of all the different catalysts were checked at 550°C, and the highest conversion of 23.9% was obtained with the tri-metallic 3Ni-Co-Mn-ZrO₂ catalyst. The decreasing order of the performance of catalysts could be expressed as: 3Ni-Co-Mn-ZrO₂ > 3Ni-2Co-ZrO₂ > 3Ni-2Mn-ZrO₂ > 2.5Co-2.5Mn-ZrO₂. The tri-metallic catalyst remained active till 360 mins at 550°C without any observable drop in its activity/stability. Among the explored catalyst compositions, the tri-metallic catalyst certainly has a better performance for HI conversion when compared to the bi-metallic ones. Owing to their low costs and ease of preparation, these trimetallic catalysts could be used for large-scale hydrogen production. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=sulfur-iodine%20cycle" title="sulfur-iodine cycle">sulfur-iodine cycle</a>, <a href="https://publications.waset.org/abstracts/search?q=hydrogen%20production" title=" hydrogen production"> hydrogen production</a>, <a href="https://publications.waset.org/abstracts/search?q=hydrogen%20iodide%20decomposition" title=" hydrogen iodide decomposition"> hydrogen iodide decomposition</a>, <a href="https://publications.waset.org/abstracts/search?q=bi-" title=" bi-"> bi-</a>, <a href="https://publications.waset.org/abstracts/search?q=and%20tri-metallic%20catalysts" title=" and tri-metallic catalysts"> and tri-metallic catalysts</a> </p> <a href="https://publications.waset.org/abstracts/141522/bi-and-tri-metallic-catalysts-for-hydrogen-production-from-hydrogen-iodide-decomposition" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/141522.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">187</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3452</span> Investigating the Relationship between Growth, Beta and Liquidity</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Zahra%20Amirhosseini">Zahra Amirhosseini</a>, <a href="https://publications.waset.org/abstracts/search?q=Mahtab%20Nameni"> Mahtab Nameni</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The aim of this study was to investigate the relationship between growth, beta, and Company's cash. We calculate cash as dependent variable and growth opportunity and beta as independent variables. This study was based on an analysis of panel data. Population of the study is the companies which listed in Tehran Stock exchange and a financial data of 215 companies during the period 2010 to 2015 have been selected as the sample through systematic sampling. The results of the first hypothesis showed there is a significant relationship between growth opportunities cash holdings. Also according to the analysis done in the second hypothesis, we determined that there is an inverse relation between company risk and cash holdings. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=growth" title="growth">growth</a>, <a href="https://publications.waset.org/abstracts/search?q=beta" title=" beta"> beta</a>, <a href="https://publications.waset.org/abstracts/search?q=liquidity" title=" liquidity"> liquidity</a>, <a href="https://publications.waset.org/abstracts/search?q=company" title=" company"> company</a> </p> <a href="https://publications.waset.org/abstracts/55618/investigating-the-relationship-between-growth-beta-and-liquidity" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/55618.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">395</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3451</span> E-Payments, COVID-19 Restrictions, and Currency in Circulation: Thailand and Turkey</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Zeliha%20Sayar">Zeliha Sayar</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Central banks all over the world appear to be focusing first and foremost on retail central bank digital currency CBDC), i.e., digital cash/money. This approach is predicated on the belief that the use of cash has decreased, owing primarily to technological advancements and pandemic restrictions, and that a suitable foundation for the transition to a cashless society has been revealed. This study aims to contribute to the debate over whether digital money/CBDC can be a substitute or supplement to physical cash by examining the potential effects on cash demand. For this reason, this paper compares two emerging countries, Turkey, and Thailand, to demystify the impact of e-payment and COVID-19 restrictions on cash demand by employing fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and the canonical cointegrating regression (CCR). The currency in circulation in two emerging countries, Turkey and Thailand, was examined in order to estimate the elasticity of different types of retail payments. The results demonstrate that real internet and mobile, cart, contactless payment, and e-money are long-term determinants of real cash demand in these two developing countries. Furthermore, with the exception of contactless payments in Turkey, there is a positive relationship between the currency in circulation and the various types of retail payments. According to findings, COVID-19 restrictions encourage the demand for cash, resulting in cash hoarding. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=CCR" title="CCR">CCR</a>, <a href="https://publications.waset.org/abstracts/search?q=DOLS" title=" DOLS"> DOLS</a>, <a href="https://publications.waset.org/abstracts/search?q=e-money" title=" e-money"> e-money</a>, <a href="https://publications.waset.org/abstracts/search?q=FMOLS" title=" FMOLS"> FMOLS</a>, <a href="https://publications.waset.org/abstracts/search?q=real%20cash" title=" real cash"> real cash</a> </p> <a href="https://publications.waset.org/abstracts/150227/e-payments-covid-19-restrictions-and-currency-in-circulation-thailand-and-turkey" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/150227.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">104</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3450</span> Performance Analysis of Absorption Power Cycle under Different Source Temperatures</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Kyoung%20Hoon%20Kim">Kyoung Hoon Kim</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The absorption power generation cycle based on the ammonia-water mixture has attracted much attention for efficient recovery of low-grade energy sources. In this paper, a thermodynamic performance analysis is carried out for a Kalina cycle using ammonia-water mixture as a working fluid for efficient conversion of low-temperature heat source in the form of sensible energy. The effects of the source temperature on the system performance are extensively investigated by using the thermodynamic models. The results show that the source temperature as well as the ammonia mass fraction affects greatly on the thermodynamic performance of the cycle. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=ammonia-water%20mixture" title="ammonia-water mixture">ammonia-water mixture</a>, <a href="https://publications.waset.org/abstracts/search?q=Kalina%20cycle" title=" Kalina cycle"> Kalina cycle</a>, <a href="https://publications.waset.org/abstracts/search?q=low-grade%20heat%20source" title=" low-grade heat source"> low-grade heat source</a>, <a href="https://publications.waset.org/abstracts/search?q=source%20temperature" title=" source temperature"> source temperature</a> </p> <a href="https://publications.waset.org/abstracts/22703/performance-analysis-of-absorption-power-cycle-under-different-source-temperatures" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/22703.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">458</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3449</span> Corporate Cash Holdings and the Effect of Chaebol Affiliated on the Implied Cost of Equity Capital: Evidence from Korea</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Hongmin%20Chun">Hongmin Chun</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper examines corporate cash holdings and their effect on the cost of equity capital. In addition, this study examines the potentially different effects when the firm belongs to chaebol and non-chaebol groups. Chaebol is a South Korean form of business conglomerate. Chaebol is typically global multinationals and owns numerous international enterprises, controlled by a chairman with power over all the operations. The overall empirical result suggests that higher cash holdings are a risk increasing factor which holds for the chaebol group of firms. This result is valid in a battery of robustness tests and 2SLS regressions. In Korea, higher cash holdings represent a risk premium factor that is closely related to the overinvestment and agency problems between managers and shareholders. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash%20holdings" title="cash holdings">cash holdings</a>, <a href="https://publications.waset.org/abstracts/search?q=implied%20cost%20of%20equity%20capital" title=" implied cost of equity capital"> implied cost of equity capital</a>, <a href="https://publications.waset.org/abstracts/search?q=chaebol" title=" chaebol"> chaebol</a>, <a href="https://publications.waset.org/abstracts/search?q=agency%20problem" title=" agency problem"> agency problem</a> </p> <a href="https://publications.waset.org/abstracts/79570/corporate-cash-holdings-and-the-effect-of-chaebol-affiliated-on-the-implied-cost-of-equity-capital-evidence-from-korea" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/79570.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">173</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3448</span> Some Issues of Measurement of Impairment of Non-Financial Assets in the Public Sector</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mariam%20Vardiashvili">Mariam Vardiashvili</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The economic value of the asset impairment process is quite large. Impairment reflects the reduction of future economic benefits or service potentials itemized in the asset. The assets owned by public sector entities bring economic benefits or are used for delivery of the free-of-charge services. Consequently, they are classified as cash-generating and non-cash-generating assets. IPSAS 21 - Impairment of non-cash-generating assets, and IPSAS 26 - Impairment of cash-generating assets, have been designed considering this specificity.  When measuring impairment of assets, it is important to select the relevant methods. For measurement of the impaired Non-Cash-Generating Assets, IPSAS 21 recommends three methods: Depreciated Replacement Cost Approach, Restoration Cost Approach, and  Service Units Approach. Impairment of Value in Use of Cash-Generating Assets (according to IPSAS 26) is measured by discounted value of the money sources to be received in future. Value in use of the cash-generating asserts (as per IPSAS 26) is measured by the discounted value of the money sources to be received in the future. The article provides classification of the assets in the public sector  as non-cash-generating assets and cash-generating assets and, deals also with the factors which should be considered when evaluating  impairment of assets. An essence of impairment of the non-financial assets and the methods of measurement thereof evaluation are formulated according to IPSAS 21 and IPSAS 26. The main emphasis is put on different methods of measurement of the value in use of the impaired Cash-Generating Assets and Non-Cash-Generation Assets and the methods of their selection. The traditional and the expected cash flow approaches for calculation of the discounted value are reviewed. The article also discusses the issues of recognition of impairment loss and its reflection in the financial reporting. The article concludes that despite a functional purpose of the impaired asset, whichever method is used for measuring the asset, presentation of realistic information regarding the value of the assets should be ensured in the financial reporting. In the theoretical development of the issue, the methods of scientific abstraction, analysis and synthesis were used. The research was carried out with a systemic approach. The research process uses international standards of accounting, theoretical researches and publications of Georgian and foreign scientists. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash-generating%20%20assets" title="cash-generating assets">cash-generating assets</a>, <a href="https://publications.waset.org/abstracts/search?q=non-cash-generating%20%20assets" title=" non-cash-generating assets"> non-cash-generating assets</a>, <a href="https://publications.waset.org/abstracts/search?q=recoverable%20%28usable%20restorative%29%20value" title=" recoverable (usable restorative) value"> recoverable (usable restorative) value</a>, <a href="https://publications.waset.org/abstracts/search?q=value%20of%20use" title=" value of use"> value of use</a> </p> <a href="https://publications.waset.org/abstracts/101640/some-issues-of-measurement-of-impairment-of-non-financial-assets-in-the-public-sector" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/101640.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">143</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3447</span> The Impact of Corporate Governance, Ownership Structure, and Cash Holdings on Firm Value with Profitability as Intervening Variable</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Lucy%20Novianti">Lucy Novianti</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The purpose of this study is to determine the effect of corporate governance, ownership structure, and cash holdings on firm value, either direct or indirect through profitability as an intervening variable for non-financial companies listed on the Indonesia Stock Exchange during 2006 to 2014. Samples of 176 firms are chosen based on purposive sampling method. The results of this study conclude that profitability, the size of Audit Committee, audit quality, and cash flow have positive effects on firm value. This study also shows that the meeting frequency of the Board of Directors and free cash flow have negative effects on firm value. In addition, this study finds that the size of the Board of Directors, Independent Commissioner, and ownership structure do not have significant effects on firm value. In this study, the function of profitability as an intervening variable can only be done on the impact of the meeting frequency of the Board of Directors and cash flow on firm value. This study provides a reference for management in decision making concerning the application of corporate governance, cash holdings, and financial performance. Moreover, it can be used as additional information for investors in assessing the feasibility of an investment. Finally, it provides a suggestion for the government regarding the regulation of corporate governance. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash%20holdings" title="cash holdings">cash holdings</a>, <a href="https://publications.waset.org/abstracts/search?q=corporate%20governance" title=" corporate governance"> corporate governance</a>, <a href="https://publications.waset.org/abstracts/search?q=firm%20value" title=" firm value"> firm value</a>, <a href="https://publications.waset.org/abstracts/search?q=ownership%20structure" title=" ownership structure"> ownership structure</a>, <a href="https://publications.waset.org/abstracts/search?q=profitability" title=" profitability"> profitability</a> </p> <a href="https://publications.waset.org/abstracts/56601/the-impact-of-corporate-governance-ownership-structure-and-cash-holdings-on-firm-value-with-profitability-as-intervening-variable" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/56601.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">262</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3446</span> Does Operating Cash Flow Really Matter in Value Relevance? A Recent Empirical Analysis on the Largest European Companies</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Francesco%20Paolone">Francesco Paolone</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper investigates the role of Operating Cash Flow (OCF) and accruals in firm valuation analyzing financial statement information from the largest European companies and evaluating their relation to firm market value. Using a dataset of 500 largest European companies in 2018, the study investigates the relative value-relevance of equity, net income and operating cash flow (OCF). Findings show that the cash flow measure has the same explanatory power and intensity as equity and earnings to explain the market value. This study contributes to the debate on the value relevance of OCF incremental to book value and earnings. It also extends the literature, showing that OCF has information content (value relevance) superior to earnings and book value in the main European markets (Bepari et al., 2013). Finally, the study provides a support that accounting method choice may confuse investors, who have reduced confidence in accounting earnings and book value; in other words, nowadays European investors rely more on cash flows instead of accruals numbers. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Cash%20Flow%20Statement" title="Cash Flow Statement">Cash Flow Statement</a>, <a href="https://publications.waset.org/abstracts/search?q=Value%20Relevance" title=" Value Relevance"> Value Relevance</a>, <a href="https://publications.waset.org/abstracts/search?q=Accounting" title=" Accounting"> Accounting</a>, <a href="https://publications.waset.org/abstracts/search?q=Financial%20Statement%20Analysis" title=" Financial Statement Analysis"> Financial Statement Analysis</a> </p> <a href="https://publications.waset.org/abstracts/121639/does-operating-cash-flow-really-matter-in-value-relevance-a-recent-empirical-analysis-on-the-largest-european-companies" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/121639.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">131</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3445</span> Cash Flow Optimization on Synthetic CDOs</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Timoth%C3%A9e%20Bligny">Timothée Bligny</a>, <a href="https://publications.waset.org/abstracts/search?q=Cl%C3%A9ment%20Codron"> Clément Codron</a>, <a href="https://publications.waset.org/abstracts/search?q=Antoine%20Estruch"> Antoine Estruch</a>, <a href="https://publications.waset.org/abstracts/search?q=Nicolas%20Girodet"> Nicolas Girodet</a>, <a href="https://publications.waset.org/abstracts/search?q=Cl%C3%A9ment%20Ginet"> Clément Ginet</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Collateralized Debt Obligations are not as widely used nowadays as they were before 2007 Subprime crisis. Nonetheless there remains an enthralling challenge to optimize cash flows associated with synthetic CDOs. A Gaussian-based model is used here in which default correlation and unconditional probabilities of default are highlighted. Then numerous simulations are performed based on this model for different scenarios in order to evaluate the associated cash flows given a specific number of defaults at different periods of time. Cash flows are not solely calculated on a single bought or sold tranche but rather on a combination of bought and sold tranches. With some assumptions, the simplex algorithm gives a way to find the maximum cash flow according to correlation of defaults and maturities. The used Gaussian model is not realistic in crisis situations. Besides present system does not handle buying or selling a portion of a tranche but only the whole tranche. However the work provides the investor with relevant elements on how to know what and when to buy and sell. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=synthetic%20collateralized%20debt%20obligation%20%28CDO%29" title="synthetic collateralized debt obligation (CDO)">synthetic collateralized debt obligation (CDO)</a>, <a href="https://publications.waset.org/abstracts/search?q=credit%20default%20swap%20%28CDS%29" title=" credit default swap (CDS)"> credit default swap (CDS)</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20flow%20optimization" title=" cash flow optimization"> cash flow optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=probability%20of%20default" title=" probability of default"> probability of default</a>, <a href="https://publications.waset.org/abstracts/search?q=default%20correlation" title=" default correlation"> default correlation</a>, <a href="https://publications.waset.org/abstracts/search?q=strategies" title=" strategies"> strategies</a>, <a href="https://publications.waset.org/abstracts/search?q=simulation" title=" simulation"> simulation</a>, <a href="https://publications.waset.org/abstracts/search?q=simplex" title=" simplex "> simplex </a> </p> <a href="https://publications.waset.org/abstracts/10900/cash-flow-optimization-on-synthetic-cdos" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/10900.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">274</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3444</span> Synthesis of Novel Organic Dyes Based on Indigo for Dye-Sensitized Solar Cells</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=M.%20Hosseinnejad">M. Hosseinnejad</a>, <a href="https://publications.waset.org/abstracts/search?q=K.%20Gharanjig"> K. Gharanjig</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20Moradian"> S. Moradian</a> </p> <p class="card-text"><strong>Abstract:</strong></p> A novel metal free organic dyes based on indigo was prepared and used as sensitizers in dye-sensitized solar cells. The synthesized dye together with its corresponding intermediates were purified and characterized by analytical techniques. Such techniques confirmed the corresponding structures of dye and its intermediate and the yield of all the stages of dye preparation were calculated to be above 85%. Fluorometric analyses show fluorescence in the green region of the visible spectrum for dye. Oxidation potential measurements for dye ensured an energetically permissible and thermodynamically favourable charge transfer throughout the continuous cycle of photo-electric conversion. Finally, dye sensitized solar cells were fabricated in order to determine the photovoltaic behaviour and conversion efficiencies of dye. Such evaluations demonstrate rather medium conversion efficiencies of 2.33% for such simple structured synthesized dye. Such conversion efficiencies demonstrate the potentiality of future use of such dye structures in dye-sensitized solar cells with respect to low material costs, ease of molecular tailoring, high yields of reactions, high performance and ease of recyclability. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=conversion%20efficiency" title="conversion efficiency">conversion efficiency</a>, <a href="https://publications.waset.org/abstracts/search?q=Dye-sensitized%20solar%20cells" title=" Dye-sensitized solar cells"> Dye-sensitized solar cells</a>, <a href="https://publications.waset.org/abstracts/search?q=indigo" title=" indigo"> indigo</a>, <a href="https://publications.waset.org/abstracts/search?q=photonic%20material" title=" photonic material"> photonic material</a> </p> <a href="https://publications.waset.org/abstracts/16232/synthesis-of-novel-organic-dyes-based-on-indigo-for-dye-sensitized-solar-cells" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/16232.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">368</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3443</span> The Relationship between Top Management Replacement and Risk, Sale and Cash Volatilities with Respect to Unqualified Audit Opinion</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mehdi%20Dasineh">Mehdi Dasineh</a>, <a href="https://publications.waset.org/abstracts/search?q=Yadollah%20Tariverdi"> Yadollah Tariverdi</a>, <a href="https://publications.waset.org/abstracts/search?q=Marzieh%20H.%20Takhti"> Marzieh H. Takhti</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper investigated the relationship between top management turnover with risk volatility, sale volatility and fluctuations in the company's cash depending on the unqualified audit report in Tehran Stock Exchange (TSE). In this study, we examined 104 firms over the period 2009-2014 which were selected from (TSE). There was 624 observed year-company data in this research. Hypotheses of this research have been evaluated by using regression tests for example F-statistical and Durbin-Watson. Based on our sample we found significant relationship between top management replacement and risk volatility, sale Volatility and cash volatility with tendency unqualified audit opinion. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=top%20management%20replacement" title="top management replacement">top management replacement</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20volatility" title=" risk volatility"> risk volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=sale%20volatility" title=" sale volatility"> sale volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20volatility" title=" cash volatility"> cash volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=unqualified%20audit%20opinion" title=" unqualified audit opinion"> unqualified audit opinion</a> </p> <a href="https://publications.waset.org/abstracts/45022/the-relationship-between-top-management-replacement-and-risk-sale-and-cash-volatilities-with-respect-to-unqualified-audit-opinion" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/45022.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">282</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3442</span> Forecasting Free Cash Flow of an Industrial Enterprise Using Fuzzy Set Tools</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Elena%20Tkachenko">Elena Tkachenko</a>, <a href="https://publications.waset.org/abstracts/search?q=Elena%20Rogova"> Elena Rogova</a>, <a href="https://publications.waset.org/abstracts/search?q=Daria%20Koval"> Daria Koval</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper examines the ways of cash flows forecasting in the dynamic external environment. The so-called new reality in economy lowers the predictability of the companies’ performance indicators due to the lack of long-term steady trends in external conditions of development and fast changes in the markets. The traditional methods based on the trend analysis lead to a very high error of approximation. The macroeconomic situation for the last 10 years is defined by continuous consequences of financial crisis and arising of another one. In these conditions, the instruments of forecasting on the basis of fuzzy sets show good results. The fuzzy sets based models turn out to lower the error of approximation to acceptable level and to provide the companies with reliable cash flows estimation that helps to reach the financial stability. In the paper, the applicability of the model of cash flows forecasting based on fuzzy logic was analyzed. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cash%20flow" title="cash flow">cash flow</a>, <a href="https://publications.waset.org/abstracts/search?q=industrial%20enterprise" title=" industrial enterprise"> industrial enterprise</a>, <a href="https://publications.waset.org/abstracts/search?q=forecasting" title=" forecasting"> forecasting</a>, <a href="https://publications.waset.org/abstracts/search?q=fuzzy%20sets" title=" fuzzy sets"> fuzzy sets</a> </p> <a href="https://publications.waset.org/abstracts/95525/forecasting-free-cash-flow-of-an-industrial-enterprise-using-fuzzy-set-tools" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/95525.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">208</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3441</span> Oil-to-Cash Reform and Inequality Evidence From Iranian Reform 2010</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammadali%20Mokhtari">Mohammadali Mokhtari</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Developing countries increasingly recognize the need to reduce energy subsidies. Cash transfers are proposed instead of subsidies to mitigate the negative effects of energy subsidy reforms. However, there is little evidence about the redistribution effect of these subsidy-to-cash reforms. We study the redistribution impact of the largest subsidy-to-cash reform in the history of developing countries in Iran in 2010. We find a strong pro-poor impact of the reform using five inequality measures, including the Gini index and the ratio of rich to poor expenditures. Finally, we show this pro-poor impact is on average and discuss other possible mechanisms by which low-income groups objected to these pro-poor reforms in the next round, which took place in November 2019 and led to wide and large protests. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=energy%20economics" title="energy economics">energy economics</a>, <a href="https://publications.waset.org/abstracts/search?q=subsidy%20reform" title=" subsidy reform"> subsidy reform</a>, <a href="https://publications.waset.org/abstracts/search?q=inequality" title=" inequality"> inequality</a>, <a href="https://publications.waset.org/abstracts/search?q=Middle%20East" title=" Middle East"> Middle East</a>, <a href="https://publications.waset.org/abstracts/search?q=Iran" title=" Iran"> Iran</a> </p> <a href="https://publications.waset.org/abstracts/165651/oil-to-cash-reform-and-inequality-evidence-from-iranian-reform-2010" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/165651.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">114</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3440</span> Impact of Life Cycle Assessment for Municipal Plastic Waste Treatment in South Africa</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=O.%20A.%20Olagunju">O. A. Olagunju</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20L.%20Kiambi"> S. L. Kiambi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Municipal Plastic Wastes (MPW) can have several negative effects on the environment, and this is causing a growing concern which requires urgent intervention. Addressing these environmental challenges by proffering alternative end-of-life (EOL) techniques for MPW treatment is thus critical for designing and implementing effective long-term remedies. In this study, the environmental implications of several MPW treatment technologies were assessed using life cycle assessment (LCA). Our focus was on four potential waste treatment scenarios for MPW: waste disposal via landfill, waste incineration, waste regeneration, and reusability of recycled waste. The findings show that recycling has a greater benefit over landfilling and incineration methods. The most important environmental benefit comes from the recycling of plastics, which may serve as reliable source materials for environmentally friendly products. Following a holistic evaluation, five major factors that influence the overall impact on the environment were outlined: the mass fraction in waste, the recycling rate, the conversion efficiency, the waste-to-energy conversion rate, and the type of energy which can be utilized from incineration generated energy <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=end-of-life" title="end-of-life">end-of-life</a>, <a href="https://publications.waset.org/abstracts/search?q=incineration" title=" incineration"> incineration</a>, <a href="https://publications.waset.org/abstracts/search?q=landfill" title=" landfill"> landfill</a>, <a href="https://publications.waset.org/abstracts/search?q=life%20cycle%20assessment" title=" life cycle assessment"> life cycle assessment</a>, <a href="https://publications.waset.org/abstracts/search?q=municipal%20plastic%20waste" title=" municipal plastic waste"> municipal plastic waste</a>, <a href="https://publications.waset.org/abstracts/search?q=recycling" title=" recycling"> recycling</a>, <a href="https://publications.waset.org/abstracts/search?q=waste-to-energy" title=" waste-to-energy"> waste-to-energy</a> </p> <a href="https://publications.waset.org/abstracts/165354/impact-of-life-cycle-assessment-for-municipal-plastic-waste-treatment-in-south-africa" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/165354.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">81</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3439</span> Impact of Profitability, Slack Resources and Natural Disasters on China's Corporate Philanthropic Practices</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Nabeel%20Safdar">Nabeel Safdar</a>, <a href="https://publications.waset.org/abstracts/search?q=Qian%20Aimin"> Qian Aimin</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Corporate philanthropy is important, as the donations have been considered as a source to improve the image of business entity in modern era of high competition. We used data on annual basis from 2000 to 2014 for 1,248 firms listed at Shanghai and Shenzhen stock exchanges. Results for giving firms reveal that there is curve linear relation of profitability and CP, as profitable firms utilize cash in an efficient way and have fewer amounts of slack resource and tradeoff among stakeholder and agency cost made it more justifiable. We found that more profitability does not mean that the cash flows are available, actually good performing firms or profitable firm also good at cash management. Cash is utilized in an effective way by profitable firms, and have fewer extents of slack resources which generate curvilinear relationship of profitability with Corporate Philanthropy. We found that the trend of Corporate Philanthropy also got affected due to natural disasters. Analysis made by innovation, slack resources and directors salary revealed the positive significant relationship. It is not compulsory that firm should be only profitable for engaging in philanthropy rather they should have abundant slack resources to donate. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=corporate%20philanthropy" title="corporate philanthropy">corporate philanthropy</a>, <a href="https://publications.waset.org/abstracts/search?q=free%20cash%20flows" title=" free cash flows"> free cash flows</a>, <a href="https://publications.waset.org/abstracts/search?q=natural%20disasters" title=" natural disasters"> natural disasters</a>, <a href="https://publications.waset.org/abstracts/search?q=profitability" title=" profitability"> profitability</a> </p> <a href="https://publications.waset.org/abstracts/50013/impact-of-profitability-slack-resources-and-natural-disasters-on-chinas-corporate-philanthropic-practices" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/50013.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">310</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3438</span> Evaluating the Relationship between Overconfidence of Senior Managers and Abnormal Cash Fluctuations with Respect to Financial Flexibility in Companies Listed in Tehran Stock Exchange</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Hadi%20Mousavi">Hadi Mousavi</a>, <a href="https://publications.waset.org/abstracts/search?q=Majid%20Davoudi%20Nasr"> Majid Davoudi Nasr</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Executives can maximize profits by recognizing the factors that affect investment and using them to obtain the optimal level of investment. Inefficient markets have shortcomings that can impact the optimal level of investment, leading to the process of over-investment or under-investment. In the present study, the relationship between the overconfidence of senior managers and abnormal cash fluctuations with respect to financial flexibility in companies listed in the Tehran stock exchange from 2009 to 2013 were evaluated. In this study, the sample consists of 84 companies selected by a systematic elimination method and 420 year-companies in total. In this research, EVIEWS software was used to test the research hypotheses by linear regression and correlation coefficient and after designing and testing the research hypothesis. After designing and testing research hypotheses that have been used to each hypothesis, it was concluded that there was a significant relationship between the overconfidence of senior managers and abnormal cash fluctuations, and this relationship was not significant at any level of financial flexibility. Moreover, the findings of the research showed that there was a significant relationship between senior manager’s overconfidence and positive abnormal cash flow fluctuations in firms, and this relationship is significant only at the level of companies with high financial flexibility. Finally, the results indicate that there is no significant relationship between senior managers 'overconfidence and negative cash flow abnormalities, and the relationship between senior managers' overconfidence and negative cash flow fluctuations at the level of companies with high financial flexibility was confirmed. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=abnormal%20cash%20fluctuations" title="abnormal cash fluctuations">abnormal cash fluctuations</a>, <a href="https://publications.waset.org/abstracts/search?q=overconfidence%20of%20senior%20managers" title=" overconfidence of senior managers"> overconfidence of senior managers</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20flexibility" title=" financial flexibility"> financial flexibility</a>, <a href="https://publications.waset.org/abstracts/search?q=accounting" title=" accounting"> accounting</a> </p> <a href="https://publications.waset.org/abstracts/129607/evaluating-the-relationship-between-overconfidence-of-senior-managers-and-abnormal-cash-fluctuations-with-respect-to-financial-flexibility-in-companies-listed-in-tehran-stock-exchange" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/129607.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">131</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3437</span> Earnings vs Cash Flows: The Valuation Perspective</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Megha%20Agarwal">Megha Agarwal</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The research paper is an effort to compare the earnings based and cash flow based methods of valuation of an enterprise. The theoretically equivalent methods based on either earnings such as Residual Earnings Model (REM), Abnormal Earnings Growth Model (AEGM), Residual Operating Income Method (ReOIM), Abnormal Operating Income Growth Model (AOIGM) and its extensions multipliers such as price/earnings ratio, price/book value ratio; or cash flow based models such as Dividend Valuation Method (DVM) and Free Cash Flow Method (FCFM) all provide different estimates of valuation of the Indian giant corporate Reliance India Limited (RIL). An ex-post analysis of published accounting and financial data for four financial years from 2008-09 to 2011-12 has been conducted. A comparison of these valuation estimates with the actual market capitalization of the company shows that the complex accounting based model AOIGM provides closest forecasts. These different estimates may be derived due to inconsistencies in discount rate, growth rates and the other forecasted variables. Although inputs for earnings based models may be available to the investor and analysts through published statements, precise estimation of free cash flows may be better undertaken by the internal management. The estimation of value from more stable parameters as residual operating income and RNOA could be considered superior to the valuations from more volatile return on equity. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=earnings" title="earnings">earnings</a>, <a href="https://publications.waset.org/abstracts/search?q=cash%20flows" title=" cash flows"> cash flows</a>, <a href="https://publications.waset.org/abstracts/search?q=valuation" title=" valuation"> valuation</a>, <a href="https://publications.waset.org/abstracts/search?q=Residual%20Earnings%20Model%20%28REM%29" title=" Residual Earnings Model (REM)"> Residual Earnings Model (REM)</a> </p> <a href="https://publications.waset.org/abstracts/11464/earnings-vs-cash-flows-the-valuation-perspective" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/11464.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">375</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3436</span> Reliability-Based Life-Cycle Cost Model for Engineering Systems</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Reza%20Lotfalian">Reza Lotfalian</a>, <a href="https://publications.waset.org/abstracts/search?q=Sudarshan%20Martins"> Sudarshan Martins</a>, <a href="https://publications.waset.org/abstracts/search?q=Peter%20Radziszewski"> Peter Radziszewski</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The effect of reliability on life-cycle cost, including initial and maintenance cost of a system is studied. The failure probability of a component is used to calculate the average maintenance cost during the operation cycle of the component. The standard deviation of the life-cycle cost is also calculated as an error measure for the average life-cycle cost. As a numerical example, the model is used to study the average life cycle cost of an electric motor. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=initial%20cost" title="initial cost">initial cost</a>, <a href="https://publications.waset.org/abstracts/search?q=life-cycle%20cost" title=" life-cycle cost"> life-cycle cost</a>, <a href="https://publications.waset.org/abstracts/search?q=maintenance%20cost" title=" maintenance cost"> maintenance cost</a>, <a href="https://publications.waset.org/abstracts/search?q=reliability" title=" reliability"> reliability</a> </p> <a href="https://publications.waset.org/abstracts/11947/reliability-based-life-cycle-cost-model-for-engineering-systems" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/11947.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">604</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3435</span> Family Firms and Investment–Cash Flow Sensitivity: Empirical Evidence from Canada</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Imen%20Latrous">Imen Latrous</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Family firm is the most common form of business organization in the world. Many family businesses rely heavily on their own capital to finance their expansion. This dependence on internal funds for their investment may be deliberate to maintain the family dominant position or involuntary as family firms have limited access to external funds. Our understanding of family firm’s choice to fund their own growth using existing capital is somewhat limited. The aim of this paper is to study whether the presence of a controlling family in the company either mitigates or exacerbates external financing constraints. The impact of family ownership on investment–cash flow sensitivity is ultimately an empirical question. We use a sample of 406 Canadian firms listed in Toronto Stock exchange (TSX) over the period 2005–2014 in order to explore this relationship. We distinguish between three elements in the definition of family firms, specifically ownership, control and management, to explore the issue whether family firms are more efficient organisational form. Our research contributes to the extant literature on family ownership in several ways. First, as our understanding of family firm’s investment cash flow sensitivity is somewhat limited in recession times, we explore the effect of family firms on the relation between investment and cash flow during the recent 2007-2009 financial crisis. We also analyse this relationship difference between family firms and non family firms before and during financial crisis. Finally, our paper addresses the endogeneity problem of family ownership and investment-cash flow sensitivity. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=family%20firms" title="family firms">family firms</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%E2%80%93cash%20flow%20sensitivity" title=" investment–cash flow sensitivity"> investment–cash flow sensitivity</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20crisis" title=" financial crisis"> financial crisis</a>, <a href="https://publications.waset.org/abstracts/search?q=corporate%20governance" title=" corporate governance"> corporate governance</a> </p> <a href="https://publications.waset.org/abstracts/73218/family-firms-and-investment-cash-flow-sensitivity-empirical-evidence-from-canada" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/73218.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">325</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3434</span> Photocapacitor Integrating Solar Energy Conversion and Energy Storage</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jihuai%20Wu">Jihuai Wu</a>, <a href="https://publications.waset.org/abstracts/search?q=Zeyu%20Song"> Zeyu Song</a>, <a href="https://publications.waset.org/abstracts/search?q=Zhang%20Lan"> Zhang Lan</a>, <a href="https://publications.waset.org/abstracts/search?q=Liuxue%20Sun"> Liuxue Sun</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Solar energy is clean, open, and infinite, but solar radiation on the earth is fluctuating, intermittent, and unstable. So, the sustainable utilization of solar energy requires a combination of high-efficient energy conversion and low-loss energy storage technologies. Hence, a photo capacitor integrated with photo-electrical conversion and electric-chemical storage functions in single device is a cost-effective, volume-effective and functional-effective optimal choice. However, owing to the multiple components, multi-dimensional structure and multiple functions in one device, especially the mismatch of the functional modules, the overall conversion and storage efficiency of the photocapacitors is less than 13%, which seriously limits the development of the integrated system of solar conversion and energy storage. To this end, two typical photocapacitors were studied. A three-terminal photocapacitor was integrated by using perovskite solar cell as solar conversion module and symmetrical supercapacitor as energy storage module. A function portfolio management concept was proposed the relationship among various efficiencies during photovoltaic conversion and energy storage process were clarified. By harmonizing the energy matching between conversion and storage modules and seeking the maximum power points coincide and the maximum efficiency points synchronize, the overall efficiency of the photocapacitor surpassed 18 %, and Joule efficiency was closed to 90%. A voltage adjustable hybrid supercapacitor (VAHSC) was designed as energy storage module, and two Si wafers in series as solar conversion module, a three-terminal photocapacitor was fabricated. The VAHSC effectively harmonizes the energy harvest and storage modules, resulting in the current, voltage, power, and energy match between both modules. The optimal photocapacitor achieved an overall efficiency of 15.49% and Joule efficiency of 86.01%, along with excellent charge/discharge cycle stability. In addition, the Joule efficiency (ηJoule) was defined as the energy ratio of discharge/charge of the devices for the first time. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=joule%20efficiency" title="joule efficiency">joule efficiency</a>, <a href="https://publications.waset.org/abstracts/search?q=perovskite%20solar%20cell" title=" perovskite solar cell"> perovskite solar cell</a>, <a href="https://publications.waset.org/abstracts/search?q=photocapacitor" title=" photocapacitor"> photocapacitor</a>, <a href="https://publications.waset.org/abstracts/search?q=silicon%20solar%20cell" title=" silicon solar cell"> silicon solar cell</a>, <a href="https://publications.waset.org/abstracts/search?q=supercapacitor" title=" supercapacitor"> supercapacitor</a> </p> <a href="https://publications.waset.org/abstracts/168790/photocapacitor-integrating-solar-energy-conversion-and-energy-storage" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/168790.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">86</span> </span> </div> </div> <ul class="pagination"> <li class="page-item disabled"><span class="page-link">&lsaquo;</span></li> <li class="page-item active"><span class="page-link">1</span></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=cash%20conversion%20cycle&page=2">2</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=cash%20conversion%20cycle&page=3">3</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=cash%20conversion%20cycle&page=4">4</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=cash%20conversion%20cycle&page=5">5</a></li> 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