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Article
Publication date: 5 April 2024

Balagopal Gopalakrishnan, Aravind Sampath and Jagriti Srivastava

In this study, we examine whether work from home (WFH) had an impact on firm productivity during the COVID-19 period.

Abstract

Purpose

In this study, we examine whether work from home (WFH) had an impact on firm productivity during the COVID-19 period.

Design/methodology/approach

We employ a panel fixed-effect model using 79,201 firm-quarter observations in a cross-country setting of 68 countries.

Findings

First, we find that firms that employed WFH contributed to real sector growth during the pandemic due to greater capital expenditure compared to otherwise. Second, we find that WFH amenable firms turned over assets better than less WFH amenable firms.

Originality/value

To the best of our knowledge, this is the first study to examine the impact of WFH on firms’ investment and efficiency using a cross-country setting.

Details

China Accounting and Finance Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1029-807X

Keywords

Article
Publication date: 5 February 2024

Vishnu K. Ramesh

This study aims to examine the role of economic political uncertainty (EPU) on various corporate policies, namely, cash reserves, investment, capital structure and operating…

Abstract

Purpose

This study aims to examine the role of economic political uncertainty (EPU) on various corporate policies, namely, cash reserves, investment, capital structure and operating activities of Indian listed firms.

Design/methodology/approach

To assess the influence of policy-related uncertainties, the author uses the India-specific EPU news-based index constructed by Baker et al. (2016) as a proxy for policy uncertainties. This study uses data from listed Indian firms spanning the period 2003 to 2019. The author uses panel regression models with firm-fixed effects to analyze the impact of EPU on corporate policies, including cash reserves, leverage and CAPEX, while considering key control variables.

Findings

In response to heightened EPU, firms tend to increase their cash reserves, curtail their investment activities and favour secured financing options. Notably, this study aligns with the “real options” framework, demonstrating that firms with substantial investment irreversibility significantly reduce their capital expenditures during periods of elevated EPU. Additionally, the results reveal that rising EPU corresponds to heightened borrowing costs and increased operating expenses for firms.

Originality/value

In contrast to prior research that predominantly investigated the impact of EPU on the decisions of listed firms in developed markets, this study delves into the role of EPU on corporate policies among listed firms in India. This focus is particularly relevant, given the significant policy changes that have transpired in the Indian business landscape in recent years.

Details

Indian Growth and Development Review, vol. 17 no. 1
Type: Research Article
ISSN: 1753-8254

Keywords

Article
Publication date: 18 October 2019

Rahul S.G. and Sharmila A.

The purpose of this study is to present a comprehensive review of the fundamental concepts and terminologies pertaining to different types of aluminium metal matrix composites…

Abstract

Purpose

The purpose of this study is to present a comprehensive review of the fundamental concepts and terminologies pertaining to different types of aluminium metal matrix composites, their joining techniques and challenges, friction stir welding (FSW) process, post-welding characterizations and basic control theory of FSW, followed by the discussions on the research reports in these areas.

Design/methodology/approach

Joining of aluminium metal matrix composites (Al-MMC) poses many challenges. These materials have their demanding applications in versatile domains, and hence it is essential to understand their weldability and material characteristics. FSW is a feasible choice for joining of Al-MMC over the fusion welding because of the formation of narrow heat affected zone and minimizing the formation of intermetallic compounds at weld interface. The goal in FSW is to generate enough thermal energy by friction between the workpiece and rotating tool. Heat energy is generated by mechanical interaction because of the difference in velocity between the workpiece and rotating tool. In the present work, a detailed survey is done on the above topics and an organised conceptual context is presented. A complete discussion on significance of FSW process parameters, control schemes, parameter optimization and weld quality monitoring are presented, along with the analysis on relation between the interdependent parameters.

Findings

Results from the study present the research gaps in the FSW studies for joining of the aluminium-based metal matrix composites, and they highlight further scope of studies pertaining to this domain.

Originality/value

It is observed that the survey done on FSW of Al-MMCs and their control theory give an insight into the fundamental concepts pertaining to this research area to enhance interdisciplinary technology exploration.

Details

World Journal of Engineering, vol. 16 no. 6
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 25 January 2022

Saravanan N., Navin Kumar B., Bharathiraja G. and Pandiyarajan R.

This paper aims to investigate the resultant optimal ultimate tensile strength, elongation, flexural strength and modulus, compression strength and impact strength of fabricated…

Abstract

Purpose

This paper aims to investigate the resultant optimal ultimate tensile strength, elongation, flexural strength and modulus, compression strength and impact strength of fabricated alkali-treated Lagenaria siceraria fiber (LSF)-reinforced polymer matrix composite by optimizing input factors and microstructural characterization by influencing fiber length, fiber concentration and treatment condition of LSF.

Design/methodology/approach

The fabrication of LSF-reinforced composite specimens involved surface treatment followed by custom experimental design using a simple hand layup process. The wear analysis was performed by a multi-tribotester TR25 machine, and the developed model was validated by using statistical software Design Expert V.8 and analysis of variance (ANOVA). The surface morphology of the sample was also analyzed by field emission scanning electron microscopy.

Findings

The alkali treatment for LSFs had reduced the hemicellulose, and enhanced mechanical performance was observed for 30 wt.% concentration of L. siceraria in epoxy resin. Thermogravimetric analysis revealed thermal stability up to 245°C; microstructure revealed fiber entanglements in case of longer fiber length and compression strength reduction; and the surface-treated fiber composites exhibited reduced occurrences of defects and enhanced matrix–fiber bonding. Enhanced mechanical performances were observed, namely, ultimate tensile strength of 17.072 MPa, elongation of 1.847%, flexural strength of 50.4 MPa, flexural modulus of 3,376.31 GPa, compression strength of 52.154 MPa and impact strength of 0.53 joules.

Originality/value

The novel approach of optimizing and characterizing alkali surface-treated LSF-reinforced epoxy matrix composite was explored, varying fiber length and concentrations for specimens by empirical relations and experimental design to obtain optimal performance validated by ANOVA. Enhanced properties were obtained for: 7 mm fiber length and 30 wt.% concentration of fiber in the composite for alkali-treated fiber.

Details

Pigment & Resin Technology, vol. 52 no. 2
Type: Research Article
ISSN: 0369-9420

Keywords

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