title: Risk committee, corporate risk-taking and firm value

authors: Bhuiyan, Md. Borhan Uddin

abstract: We empirically examine the impact of the stand-alone risk committee on corporate risk-taking and firm value. We argue that the existence of a stand-alone risk committee enhances the quality of corporate governance which results in improved investor protection by reducing corporate risk-taking and enhancing firm value. We find several measures of risk-taking decline significantly for firms that have a stand-alone risk committee compared with firms that have a joint audit and risk committee. We also find that the presence of a stand-alone risk committee is positively associated with firm value. The evidence is consistent with the proposition that the firms with a stand-alone risk committee can effectively evaluate potential risks and implement a proper risk management system.

text: Risk committee, corporate risk-taking and firm value We empirically examine the impact of the stand-alone risk committee on corporate risk-taking and firm value. We argue that the existence of a stand-alone risk committee enhances the quality of corporate governance which results in improved investor protection by reducing corporate risk-taking and enhancing firm value. We find several measures of risk-taking decline significantly for firms that have a stand-alone risk committee compared with firms that have a joint audit and risk committee. We also find that the presence of a stand-alone risk committee is positively associated with firm value. The evidence is consistent with the proposition that the firms with a stand-alone risk committee can effectively evaluate potential risks and implement a proper risk management system.

year: 2017

title: Transient vibration analysis of a completely free plate using modes obtained by Gorman's superposition method

authors: Ilanko, Sinniah

subjects: transient vibration

abstract: This paper shows that the transient response of a plate undergoing flexural vibration can be calculated accurately and efficiently using the natural frequencies and modes obtained from the superposition method. The response of a completely free plate is used to demonstrate this. The case considered is one where all supports of a simply supported thin rectangular plate under self weight are suddenly removed. The resulting motion consists of a combination of the natural modes of a completely free plate. The modal superposition method is used for determining the transient response, and the natural frequencies and mode shapes of the plates used are obtained by Gorman's superposition method. These are compared with corresponding results based on the modes using the Rayleigh–Ritz method using the ordinary and degenerated free–free beam functions. There is an excellent agreement between the results from both approaches but the superposition method has shown faster convergence and the results may serve as benchmarks for the transient response of completely free plates.

text: Transient vibration analysis of a completely free plate using modes obtained by Gorman's superposition method This paper shows that the transient response of a plate undergoing flexural vibration can be calculated accurately and efficiently using the natural frequencies and modes obtained from the superposition method. The response of a completely free plate is used to demonstrate this. The case considered is one where all supports of a simply supported thin rectangular plate under self weight are suddenly removed. The resulting motion consists of a combination of the natural modes of a completely free plate. The modal superposition method is used for determining the transient response, and the natural frequencies and mode shapes of the plates used are obtained by Gorman's superposition method. These are compared with corresponding results based on the modes using the Rayleigh–Ritz method using the ordinary and degenerated free–free beam functions. There is an excellent agreement between the results from both approaches but the superposition method has shown faster convergence and the results may serve as benchmarks for the transient response of completely free plates.

year: 2010

title: The contested shift to a bicultural understanding of place heritage in Aotearoa New Zealand

authors: Passey, Emma

abstract: This article explores contemporary threads in the heritage history of Aotearoa New Zealand, as we witness in real-time the emergence of alternative narratives of Indigenous heritage, in contrast to those of Western dominated modernity and colonial hegemony. Moves to actively decolonise heritage studies is creating shifts in the bicultural understanding of culture and heritage to overtly include place heritage. As this new framing emerges, wider acknowledgement of the significance of Māori heritage landscapes is growing. This is explored here in a series of four case-studies. Each account illustrates how Indigenous Māori voices have gained momentum, and reinforces how Aotearoa New Zealand is transitioning to greater bicultural appreciation through inclusion, changes in social and cultural conventions, and new interpretations of dominant narratives using tools like critical heritage studies and existing legal conventions. This evolution of heritage values is not without repeated contestation, however. Positively, increasing numbers of settler-Pākehā (non-Māori) as well as those colonised, no longer believe or accept the histories previously told. Much needed, robust, and sometimes difficult discussions are taking place, enabling New Zealanders to reconsider the significance of what heritage means to all its people.

text: The contested shift to a bicultural understanding of place heritage in Aotearoa New Zealand This article explores contemporary threads in the heritage history of Aotearoa New Zealand, as we witness in real-time the emergence of alternative narratives of Indigenous heritage, in contrast to those of Western dominated modernity and colonial hegemony. Moves to actively decolonise heritage studies is creating shifts in the bicultural understanding of culture and heritage to overtly include place heritage. As this new framing emerges, wider acknowledgement of the significance of Māori heritage landscapes is growing. This is explored here in a series of four case-studies. Each account illustrates how Indigenous Māori voices have gained momentum, and reinforces how Aotearoa New Zealand is transitioning to greater bicultural appreciation through inclusion, changes in social and cultural conventions, and new interpretations of dominant narratives using tools like critical heritage studies and existing legal conventions. This evolution of heritage values is not without repeated contestation, however. Positively, increasing numbers of settler-Pākehā (non-Māori) as well as those colonised, no longer believe or accept the histories previously told. Much needed, robust, and sometimes difficult discussions are taking place, enabling New Zealanders to reconsider the significance of what heritage means to all its people.

year: 2023-01-01