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Showing records 27554 to 27578 of 43292. [First] Page: 1 1100 1101 1102 1103 1104 1105 1106 1107 1108 Last
Entrapment of Airborne Particles via Simulated Highway Noise-Induced Piezoelectricity in PMMA and EPDM
Mengyao Lyu, Som V. Thomas, Heng Wei, Julian Wang, Tiina A. Reponen, Patrick H. Ryan, Donglu Shi
February 27, 2023 (v1)
Subject: Materials
Keywords: highway noise, particle entrapment, piezoelectric, sound energy
The US highway system features a huge flux of energy transportation in terms of weight, speed, volume, flow density, and noise levels, with accompanying environmental effects. The adverse effects of high-volume traffic cause health concerns for nearby residential areas. Both chronic and acute exposure to PM 2.5 have detrimental effects on respiratory and cardiovascular health, and motor vehicles contribute 25−35% of direct PM 2.5 emissions. In addition to traffic-related pollutants, residing near major roadways is also associated with exposure to increased noise, and both affect the health and quality of life of residents. While regulatory and policy actions may reduce some exposures, engineering means may offer novel and significant methods to address these critical health and environmental issues. The goal of this study was to harvest highway-noise energy to induce surface charge via a piezoelectric material to entrap airborne particles, including PM 2.5. In this study, we experiment... [more]
Developing a Theoretical Framework to Explain the Social Acceptability of Wind Energy
Sigurd Hilmo Lundheim, Giuseppe Pellegrini-Masini, Christian A. Klöckner, Stefan Geiss
February 27, 2023 (v1)
Keywords: bounded rationality, literature review, media, NIMBY, Renewable and Sustainable Energy, social acceptability, social acceptance, theoretical framework, wind energy
The social acceptability of wind farms has been researched for several decades now, with the first research tracing back to the 1980s. This paper aims to deliver a literature review within the structural framework proposed by the paper of variables influencing the acceptability of wind farms. The large amount of research published on the social acceptability of wind farms requires an effort to identify and categorise variables to deliver a holistic understanding of opposition and support to wind energy. We classify the variables into three main categories: first, ‘psychological variables’, including perceived benefits and costs, emotions, and attitudes; second, ‘contextual variables’, including community energy schemes and media influence; and finally, third, ‘personal resources’, including income or wealth, place of residence, and relevant knowledge in relation to the wind farm. In agreement with other scholars, we argue that NIMBYism (not in my backyard) is an outdated and simplistic... [more]
Competitive Cation Adsorption on Electron-Irradiated Sheep Wool Changes the Fitting of Adsorption Isotherms for Single-Component Solutions
Mária Porubská, Karin Koóšová, Jana Braniša
February 27, 2023 (v1)
Subject: Materials
Keywords: competitive adsorption, Cr(III), Cu(II), electron beam irradiation, fitting adsorption isotherms, sheep wool
This work analyses 10 adsorption isotherm models applied to adsorption of Cr(III) and Cu(II) from binary solutions on electron-irradiated sheep wool (0-24-100) kGy. The results are compared with fitting the same adsorbates from corresponding single solutions. The competing cation significantly changes the fitting of the selected isotherms to the extent that even simultaneous fitting of the same cation in the single and binary solution is rare. In the case of Cr(III), 4 favourable matches were found out of 30 compared cases, while in the case of Cu(II), only 2 conformities were found. Having the Cr(III) coordination number exclusively of 6, but Cu(II) up to 4, 5, 6, the last coordinates more easily with the ligands provided by keratin, resulting in preferential chemisorption. If there is still a lack of cysteic acid in the wool to interact with Cr(III) also, this is adsorbed on the wool physically, too. The amount of cysteic acid increasing in the wool with the absorbed dose of energy i... [more]
High-Efficiency Stepped Separation and Recoveries of Vanadium and Molybdenum via Low-Temperature Carbonation Conversion of High-Chromium Vanadium Residue
Jiahao Zhang, Nannan Xue, Yimin Zhang, Qiushi Zheng
February 27, 2023 (v1)
Subject: Materials
Keywords: carbonation conversion, metal recovery, stepped separation, waste residue utilization
High-chromium vanadium residue (HCVR (HCVR: high-chromium vanadium residue)) is an important secondary resource of valuable metals such as vanadium (V), chromium (Cr), and molybdenum (Mo). The mainstream technology for the utilization of HCVR, the Na2CO3-assisted-roasting−water-leaching method, usually requires roasting temperatures of more than 800 °C and results in the synchronous leaching of Cr with V and Mo. This makes the subsequent separation of V, Mo, and Cr in the aqueous system difficult. In this study, an efficient and clean process for the selective separation of Cr and stepped recoveries of V and Mo from HCVR is proposed via K2CO3-mediated carbonation conversion. Using this process, the roasting temperature can be reduced from more than 800 °C to 200 °C, and 83.14%, 99.94%, and 0.33% of V, Mo, and Cr, respectively, can be leached. Further, using the weakly alkaline ammonium-salt and sulfide precipitation methods, 98.28% pure V2O5 and 98.65% pure MoS2 can be obtained and the... [more]
Deep Transfer Learning Techniques-Based Automated Classification and Detection of Pulmonary Fibrosis from Chest CT Images
Asif Hassan Syed, Tabrej Khan, Sher Afzal Khan
February 27, 2023 (v1)
Subject: Biosystems
Keywords: chest computed tomography, classification and detection, pulmonary fibrosis, ResNet50v2, transfer learning techniques
Pulmonary Fibrosis (PF) is a non-curable chronic lung disease. Therefore, a quick and accurate PF diagnosis is imperative. In the present study, we aim to compare the performance of the six state-of-the-art Deep Transfer Learning techniques to classify patients accurately and perform abnormality localization in Computer Tomography (CT) scan images. A total of 2299 samples comprising normal and PF-positive CT images were preprocessed. The preprocessed images were split into training (75%), validation (15%), and test data (10%). These transfer learning models were trained and validated by optimizing the hyperparameters, such as the learning rate and the number of epochs. The optimized architectures have been evaluated with different performance metrics to demonstrate the consistency of the optimized model. At epoch 26, using an optimized learning rate of 0.0000625, the ResNet50v2 model achieved the highest training and validation accuracy (training = 99.92%, validation = 99.22%) and mini... [more]
Shortening the Standard Testing Time for Residual Biogas Potential (RBP) Tests Using Biogas Yield Models and Substrate Physicochemical Characteristics
Yanxin Liu, Weisi Guo, Philip Longhurst, Ying Jiang
February 27, 2023 (v1)
Keywords: biogas yield models, decision trees, Gaussian process, RBP test, regression
The residual biogas potential (RBP) test is a procedure to ensure the anaerobic digestion process performance and digestate stability. Standard protocols for RBP require a significant time for sample preparation, characterisation and testing of the rig setup followed by batch experiments of a minimum of 28 days. To reduce the experimental time to obtain the RBP result, four biogas kinetic models were evaluated for their strength of fit for biogas production data from RBP tests. It was found that the pseudo-parallel first-order model and the first-order autoregressive (AR (1)) model provide a high strength of fit and can predict the RBP result with good accuracy (absolute percentage errors < 10%) using experimental biogas production data of 15 days. Multivariate regression with decision trees (DTs) was adopted in this study to predict model parameters for the AR (1) model from substrate physicochemical parameters. The mean absolute percentage error (MAPE) of the predicted AR (1) mode... [more]
Special Issue on “Integrated Energy Systems towards Carbon Neutrality”
Pei Liu, Ming Liu, Xiao Wu
February 27, 2023 (v1)
Energy systems have played an essential role in the history of human civilization [...]
Phase Equilibria of the Ti-Nb-Mn Ternary System at 1173K, 1273K and 1373K
Chenbo Li, Hongyi Guo, Linghong Zheng, Jifeng Yang, Lideng Ye, Libin Liu, Ligang Zhang
February 27, 2023 (v1)
Subject: Materials
Keywords: compounds, phase diagram, Ti-Nb-Mn ternary system, X-ray diffraction
Phase equilibria in the Ti-Nb-Mn ternary system at 1173K, 1273K and 1373K were studied through the equilibrated alloy method by using scanning electron microscopy (SEM), electron probe microanalysis (EPMA) and X-ray diffraction (XRD) techniques. A new stable ternary phase K was confirmed and the composition was around Ti50Nb7Mn43. A wide-range continuous solid solution phase (Ti,Nb)Mn2 with the C14 Laves structure had been found at these temperatures due to the same phase structures of TiMn2 and NbMn2 phases. The solubility of Nb in TiMn4, αTiMn and βTiMn intermetallic compounds was determined. Based on the experimental results and reasonable extrapolations, the isothermal sections of Ti-Nb-Mn ternary system at 1173K, 1273K and 1373K were constructed.
Influence of Loading Rate on the Cohesive Traction for Soft, Rubber-Like Adhesive Layers Loaded in Modes I and III
Peer Schrader, Dennis Domladovac, Stephan Marzi
February 27, 2023 (v1)
Subject: Materials
Keywords: adhesive joints, backface strain measurement, cohesive parameters, experimental testing of adhesives, fracture mechanics, polyurethane, rate-dependency
To date, the fracture behaviour of soft, polyurethane-based adhesive joints has rarely been investigated. This work contributes to the experimental investigation of such joints in modes I and III by performing double cantilever beam (mode I) and out-of-plane loaded double cantilever beam (mode III) tests at various loading rates. The tests were evaluated using a J-integral method, which is well established for testing stiff adhesive layers and is conventionally used to determine the cohesive traction at the crack tip. Additionally, fibre-optics measurements were conducted to provide crack extension, process zone length, and cohesive traction from the measured backface strain of the adherends. It was found that the energy release rate seems to be largely independent of the loading mode. However, differences were observed regarding process zone length and resistance curve behaviour. Furthermore, the backface strain measurement allows the determination of the cohesive traction along with... [more]
Sorption of Phosphate on Douglas Fir Biochar Treated with Magnesium Chloride and Potassium Hydroxide for Soil Amendments
Beatrice Arwenyo, Chanaka Navarathna, Naba Krishna Das, Addie Hitt, Todd Mlsna
February 27, 2023 (v1)
Keywords: modified biochar, P retention and P availability, soil pH
With increasing climate variability, a sustainable crop production approach remains an indispensable concern across the globe. In this study, P retention/availability of MgCl2.6H2O/KOH modified Douglas fir biochar was assessed. The MgCl2·6H2O/KOH treated Douglas fir biochar was prepared by sequentially treating Douglas fir biochar with magnesium chloride and potassium hydroxide solutions. The biochar’s surface area, pore volume, morphology, and elemental compositions were determined using BET, SEM, SEM/EDS, and powder X-ray analyzes. Both surface area and pore volume were reduced by more than 97% following modification. Similarly, the morphology and elemental compositions changed after modification. The maximum P adsorbed corresponding to Langmuir−Freundlich model was 41.18 mg g−1. P sorption on biochar soil mixture was pH dependent. More studies are required to establish the field applicability of P-laden MgCl2 ·6H2O/KOH-modified Douglas fir biochar as a soil additive.
Acknowledgment to the Reviewers of Processes in 2022
Processes Editorial Office
February 27, 2023 (v1)
Subject: Other
High-quality academic publishing is built on rigorous peer review [...]
Special Issue on “Biological Network Approaches and Applications”
Seong Beom Cho
February 27, 2023 (v1)
Subject: Biosystems
Biological phenomena comprise various interactions between genes and molecules [...]
Study on Salt Dissolution Law of High Salinity Reservoir and Its Influence on Fracturing
Liyan Pan, Lei Wang, Weijie Zheng, Feipeng Han, Ariya Zibibula, Zhenlong Zhu, Shengxiang Li
February 27, 2023 (v1)
Subject: Materials
Keywords: fracture conductivity, fracturing process improvement direction, high salinity reservoir, influencing factors of salt dissolution, rock strength evaluation
For the high-salt reservoir of the Fengcheng Formation in the Mahu area, the production decreases rapidly due to the conductivity decrease after fracturing. The analysis shows that this has a great relationship with the special salt dissolution characteristics of the High salinity reservoir. In order to study the problem of salt dissolution pattern, the effect of different temperatures, the salt concentration of fracturing fluid, the viscosity of fracturing fluid, and injection rate on the rate of salt dissolution was evaluated by using the dynamic experimental evaluation method of salt dissolution. Through the grey correlation analysis of salt rock dissolution rate, it can be found that the degree of influence is from large to small which the influence of temperature is greater than fracturing fluid velocity, followed by fracturing fluid viscosity and, finally, fracturing fluid salt concentration. The results of compressive strength tests on salt-bearing rocks after dissolution show t... [more]
Influence of the Measurement Resolution on the Filtration Analysis: An Improved Test Setup According to VDI 2762 Guideline
Nikolai Benz, Philipp Lösch, Sergiy Antonyuk
February 27, 2023 (v1)
Subject: Other
Keywords: cake filtration, filter test equipment, filtration properties, VDI 2762
Specific parameters of cake filtration, such as the filter cake and filter medium resistances, can be determined using the pressurized housing cell standardized in the guideline VDI 2762 by measuring the filtrate mass on a laboratory scale. For reproducible measurements and an exact detection of the filtration start, an improved test setup is presented and compared with a standard setup according to the guideline VDI 2762. On the basis of measurements without and with a particle system to be filtered, it is shown that the characteristic nonlinear course at the beginning of each filtration, which can be seen in the t/V-V diagram, is influenced by the used measuring equipment.
Dynamic Analysis of the Lifting Arm System in the Integrated Offshore Platform Decommissioning Equipment in Complicated Sea States
Wensheng Xiao, Changjiang Li, Lianghuan Fan, Quan Li, Liping Tan
February 27, 2023 (v1)
Keywords: dynamic analysis, dynamic test, integrated decommissioning, lifting arm system, transient dynamic analysis
With the further exploitation of offshore resources, there are more and more offshore oil and gas fields which cannot meet the production capacity requirements. So, it becomes extremely urgent to pay attention to the decommissioning of the exploitation equipment in abandoned offshore fields. A new decommissioning solution is offered by the double-ship integrated offshore platform decommissioning equipment comes. However, as the equipment will inevitably bear the combined actions of various dynamic and static loads during operation, the strength and stability of the overall unit and the connections between different modules will be greatly challenged by the complex ocean. Firstly, the dynamic characteristics of the integrated decommissioning system are analyzed in this paper. Mathematical modeling of the lifting arm system is established based on the unit characteristics matrix, and a dynamic equation of the flexible lifting arm unit and system is developed based on Lagrange’s equation... [more]
CFD Modeling of an H-Type Darrieus VAWT under High Winds: The Vorticity Index and the Imminent Vortex Separation Condition
Jansen Gabriel Acosta-López, Alberto Pedro Blasetti, Sandra Lopez-Zamora, Hugo de Lasa
February 27, 2023 (v1)
Keywords: H-Darrieus, high winds, vortex separation, vorticity index
This study introduces a Vorticity Index (VI) and an Imminent Vortex Separation Condition (IVSC), which are considered valuable indicators to quantify the vorticity impact on vertical axis wind turbines (VAWTs) operation. The VI and IVSC are specifically applied to a H-Darrieus vertical axis wind turbine (VAWT). Findings show that these two parameters display a direct relationship with the aerodynamic forces that govern the performance of this type of VAWT. This analysis is accomplished via 2D-CFD simulations of a H-Darrieus with a symmetrical NACA 0018, powered by high winds (8 and 20 m/s), by using a Shear Stress Transport SST k-ω model. The 2D model used is validated for Class II winds (8 m/s), for tip speed ratios (λ) ranging from 0.4 to 0.9. Power coefficients (Cp) predictions are close to those obtained with both 3D simulations and with experimental data, reported in the technical literature. It is found with the numerical simulations developed, that despite the significant increa... [more]
Mechanism of Water Use Behavior of College Students Based on the Improved TPB Model
Lan Zhang, Xue Bai, Jialin Liu, Yan Bai, Jinxin Guan
February 27, 2023 (v1)
Subject: Environment
Keywords: college students, colleges and universities, TPB, water use behavior
Colleges and universities are a typical service water consumers in China, i.e., with a dense population, single structure, and regular water use. This means it is crucial to strengthen the management of their water use behavior. In this paper, first of all, the main water devices and water use behavior of students were elucidated by investigating and analyzing the structure and scenarios of water use in colleges and universities. Then, a model of water use behavior of college students with sociodemographic and environmental characteristics was constructed based on the theory of planned behavior (TPB). By investigating and analyzing the water use behavior, the theoretical judgment of the improved TPB model that “behavior is the result of interaction between individual and environmental characteristics” was proved, which provides a reference for studying the water demand requirements of college students and supports scientific water-use management in colleges, our results also help the e... [more]
Evanescent-Field Excited Surface Plasmon-Enhanced U-Bent Fiber Probes Coated with Au and ZnO Nanoparticles for Humidity Detection
Elnaz Afsharipour, Kirtiman Deo Malviya, Mohammadreza Montazeri, Ebrahim Mortazy, Ramin Soltanzadeh, Alireza Hassani, Federico Rosei, Mohamed Chaker
February 27, 2023 (v1)
Subject: Materials
Keywords: evanescent-wave sensor, gold(Au) nanoparticles, humidity sensor, optical fiber sensor, pulsed-laser ablation in liquid (PLAL), surface plasmon sensor, U-bent fiber sensor, ZnO nanoparticles
We report the design, fabrication, and testing of a humidity sensor based on an optical fiber-based evanescent wave probe. The fiber was bent into a U-shape and de-cladded at the location of the bending. The de-cladded section was coated either with Au or with ZnO nanoparticles. Humidity is detected based on the interaction in the surface plasmon resonance of the Au/ZnO nanoparticles excited by an evanescent wave of light passing through the optical fiber. The response of the U-bent fibers to humidity was investigated using a specifically designed low-voltage portable interrogation box. We found that the fibers coated with ZnO nanoparticles were able to detect a minimum 0.1% change in humidity with an average sensitivity of 143 µV/%RH and 95% linearity over the 10% to 80% humidity range. In comparison, samples coated with Au and Au + ZnO nanoparticles demonstrated a minimum change detection of 0.3% RH and 2% RH respectively. The response and recovery time of the sensor were measured to... [more]
Surface Topography Model of Ultra-High Strength Steel AF1410 Based on Dynamic Characteristics of Milling System
Jin Xu, Fuwu Yan, Xiaojin Wan, Yan Li, Qiang Zhu
February 27, 2023 (v1)
Keywords: dynamic displacement, flexible deformation, physical simulation, roughness, surface topography, ultra-high strength steel
AF1410 is a low carbon high alloy ultra-high strength steel. It not only has high strength and high toughness, but also has a high stress corrosion resistance. However, due to the characteristics of hard quality and poor thermal conductivity, AF1410 is a difficult material to process. In the process of milling, the geometric factors of process parameters, the flexible deformation of milling cutter and the flutter of the process system all affect the surface roughness, which makes it difficult to predict the surface roughness of milling parts. In order to solve this problem, a prediction model for surface topography of ultrahigh strength steel AF1410 was studied. To solve this problem, this paper studies the formation of milling surface topography, considers the dynamic displacement of the milling system, proposes a modeling method of surface topography based on the dynamic characteristics of the milling system and forms a prediction model. On this basis, the surface topography of ultra... [more]
Progress of Reactions between Furfural and Aliphatic Alcohols via Catalytic Oxidation Processes: Reaction Routes, Catalysts, and Perspectives
Junying Tian, Xiaowei Cheng, Yingying Fan, Weiguo Fang, Peng Dong, Guixian Li, Yongle Guo
February 27, 2023 (v1)
Keywords: furfural, oxidative condensation, oxidative esterification
Furfural is one of the most important biomass platform compounds and can be used to prepare various high-value-added chemicals. The reactions of furfural with aliphatic alcohols via an oxidative esterification reaction or oxidative condensation reaction can bond two carbon molecules together and produce longer hydrocarbon chains chemicals, including methylfuroate and some low-volatility liquid biomass fuels. Thus, these reactions are considered significant utilization routes of furfural, and many inspiring catalytic systems have been designed to promoted these reactions. In this work, the reported catalytic systems for the oxidative esterification and oxidative condensation reactions are reviewed separately. The catalysts for the oxidative esterification reaction are reviewed for the classification of noble metal catalysts and non-noble metal catalysts, according to the active metals in the catalysts. For the oxidative condensation reactions, the studies using oxygen as the oxidant are... [more]
Application of Parametric Design in the Optimization of Traditional Landscape Architecture
Yue Han, Kejia Zhang, Yanyan Xu, Hao Wang, Tianlong Chai
February 27, 2023 (v1)
Subject: Optimization
Keywords: GIS technology, landscape architecture, master plan, parametric design
Parametric design, with its unique scientific and logical nature, is gradually applied in the field of landscape design. Therefore, the GIS (geographic information systems) technology of parametric software was applied to the optimization of traditional landscape architecture, and its practical application quality was discussed. The actual analysis results showed that the evaluation result of parametric design had the highest score of 7.71 in behavioral perception. The overall score was 7.28, showing a high scientific nature. In the evaluation of landscape environmental benefits, after the optimization of landscape greening by parametric design, the air cleanliness and living comfort were generally improved, compared with those before optimization, and the highest values were 11.97 ± 6.01 and 5.86 ± 2.11 respectively. In the evaluation of the economic benefits of gardens, the economic income of gardens in the past 8 years generally increased, reaching the highest of 3.5795 billion yuan... [more]
Creep Characteristics and Creep Model of Coal Based on Pore Water Pressure
Fumin Zhang, Dongfeng Zhang, Shunjie Huang
February 27, 2023 (v1)
Keywords: coal and rock mass, creep under fractional loading, pore water pressure, porosity
Anthracite in a specific area of Shanxi Province is the subject of this essay’s research. In the creep studies, different porosity intervals and pore water pressures were employed to evaluate the mechanical properties of creep under various test paths. The conventional Burges model was coupled in series with the nonlinear viscous elements and plastic elements. The key parameters in the equation are fitted, and a creep model is created to describe the nonlinear viscosity-elastic-plastic characteristics of coal under the influence of pore water pressure with varying porosities. The creep tests used varied porosity intervals, pore water pressures, and test paths to study the mechanical properties of creep. The conventional Burges model was coupled in series with the nonlinear viscous element and plastic element. To represent the nonlinear viscosity-elastic-plastic properties of coal under the effect of pore water pressure with variable porosities, the main parameters in the equation are f... [more]
Investigation of the Fuel Shape Impact on the MTR Reactor Parameters Using the OpenMC Code
Alaa H. Alnahdi, Ahmed A. Alghamdi, Abdullah I. Almarshad
February 27, 2023 (v1)
Subject: Materials
Keywords: material testing reactor (MTR), Monte Carlo, OpenMC
The goal of this study was to evaluate the impact of simulating different fuel shapes for the material testing reactor (MTR). Two OpenMC codes were built, and the first OpenMC model was simulated using a curved shape fuel element to mimic the real dimensions and shape of the MTR. The code core parameters were validated with the collected parameters from the experimental work and two well-known Monte Carlo simulation codes (MCNP and SCALE). The validation process included the axial flux profile and criticality. After the OpenMC curve fuel model was validated, the MTR fuel was simulated as flat fuel elements with the exact amount of fuel as in the curve fuel model. By comparing the two OpenMC models’ calculations, it was observed that the radial flux distribution has only a slight difference due to fuel mass similarity. In conclusion, simulating the MTR fuel as flat elements provided a good agreement calculation compared to the real shape, but it was also observed that this might carry s... [more]
Efficiency of Electrochemical Methods of Purification and Control over the Oxide Concentration in Halide Melts: PbCl2
Andrey Nikolaev, Albert Mullabaev, Andrey Suzdaltsev, Yuriy P. Zaikov
February 27, 2023 (v1)
Keywords: electrochemical analysis, electrochemical purification, halide melt, oxide concentration, PbCl2-PbO, salts purity, voltammetry
The purification of molten salts from admixtures as well as the effective control of admixture concentration has attracted researchers’ interests. In the present paper, the possibility of the electrochemical purification of PbCl2 from PbO and the effective control over the oxide ions concentration in molten PbCl2 is studied at the temperature of 520 °C. The PbCl2 melt with the initial addition of 0.5 wt% of PbO was used as a molten salt sample. The method of potentiostatic electrolysis was used to remove the oxide additions from the melt; the linear and square-wave voltammetry dependencies were recorded, and the melt samples were taken for analysis. Based both on the results of the electrochemical measurements and the analysis of oxygen concentration in the electrolyte, we built linear empirical dependencies of the anode peak current of the oxidation of oxygen-containing electroactive anions on the PbO concentration in the studied melt. We demonstrated that the obtained dependencies ma... [more]
The Impact of Capital Structure on the Profitability Performance of ICT Firms
Yeongjun Kim, Sungwook Jung, Changhee Kim
February 27, 2023 (v1)
Subject: Energy Policy
Keywords: capital structure, data envelopment analysis, firm value, profitability efficiency
Information and communication technology (ICT) companies strive for ceaseless innovation to remain competitive while facing the challenge of maximizing firm value (FV) with limited resources, and increasing the interests of shareholders. However, capital structures have a considerable effect on FV, and the literature still disagrees with the optimum structure in specific industries and countries. Therefore, this study evaluates the FV of ICT companies in terms of profitability efficiency using data envelopment analysis. In addition, this study applies a Tobit regression and Kruskal-Wallis one-way ANOVA to identify the impact of leverage, liquidity, and firm size, which are major capital structure factors influencing FV. The analysis yields three main results. First, in the ICT industry, small and medium companies tend to have better profitability efficiency than companies of other sizes. Second, only small and medium ICT manufacturing companies’ profitability efficiency is positively i... [more]
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