Inclusion Of Compliance Research Articles

Corporate governance mechanisms and corporate performance of firms in Nigeria and Ghana

PurposeThis study investigates the impact of corporate governance (CG) mechanisms with inclusion of compliance and diligence index on corporate performance (CP) of firms in Nigeria and Ghana. It further examines the moderating effect of financial distress on the relationship between CG and CP.Design/methodology/approachThe study used panel data of 102 nonfinancial listed firms of Nigeria and Ghana stock exchange for the period 2012–2016 with total observation of 510. The study first used OLS in estimating the influence of CG mechanisms on CP. Due to multicollinearity in the independent variables, ridge regression was employed.FindingsIt was revealed that ownership structure index and board compliance and diligence index, board size, board disclosure, ownership structure, shareholders' right and board compliance and diligence index had positive influence on ROA and ROE. Growth of Tobin's Q depends on board procedure and board compliance and diligence index. Also, financial distress (ZFS) negatively moderates the relationship between board structure index, board disclosure index, board procedure index, shareholders' right and performance (ROA and ROE) but negatively moderates between ownership structure index and Tobin's Q.Practical implicationsThis study provides interesting findings to policymakers in full implementation of CG codes as stated by OCED (2015) by West African firms with greater emphasis on compliance and diligence index since it positively influences all CP measures.Originality/valueThe study provides evidence of the importance of the introduction of the new index: compliance and diligence, which looks at disclosure of CSR activities. This has been overlooked by most researchers especially in Africa in assessing quality CG mechanisms.

Compliance of a rigid joint of a steel column of I-section on a rigid foundation

The article considers the compliance of a rigid assembly of a steel column of a typical I-section under the loads of an eccentric-compressive load with a random eccentricity. A simplified scheme of pinching a rigid hinge is considered as well as its detailed version in which the rigid part of the rod is elaborated as a basement, foundation plate, cross-arm and anchor bolts with plates. The authors carried out numerical studies of this site using a computer complex Abaqus 2017. Analysis of the results showed that the inclusion of compliance at a sufficiently accurate numerical simulation gives the same value for compressive forces. Thus, this node can be considered rigid, and the coefficient of buckling is almost equal to the theoretical value.

Inclusion of Compliance and Persistence in Economic Models

Inclusion of Compliance and Persistence in Economic Models

Inclusion of Compliance and Persistence in Economic Models

Inclusion of Compliance and Persistence in Economic Models

Performance of Compliance and Persistence Measures in Predicting Clinical and Economic Outcomes Using Administrative Data from German Sickness Funds

To compare the performance of various compliance and persistence measures in predicting schizophrenia-related hospitalization rates and inpatient costs. Retrospective, nonrandomized cohort study. Prescription claims databases from three German sickness funds (public health insurance programs). A total of 1484 patients who were hospitalized in 2003 for a schizophrenia-related episode and subsequently received long-term antipsychotic pharmacotherapy. Data on age, sex, schizophrenia, prescription drugs, hospitalizations, and inpatient expenditures were collected for each patient from the three German sickness funds. Refill compliance measures based on single-interval availability and multiple-interval availability, as well as refill persistence, were calculated for each patient over 1year. Ten measurement variables were compared with respect to their performance in predicting disease-related hospitalization and inpatient expenditure, using multivariate logistic regression and gamma regression, respectively. C-statistics were calculated to determine each measure's predictive performance. Likelihood ratio tests showed that inclusion of compliance and persistence measures significantly improved (p<0.05) outcomes prediction in 6 of 10 hospitalization models and in 3 of 10 inpatient cost models compared with a baseline model that included only age, sex, and disease severity covariates. Refill compliance as a continuous variable of drug persistence, including transfer of oversupplies into subsequent periods, performed best in predicting hospitalization (C=0.669). Availability ratios, capped at 100%, were superior to default availability ratios in predicting hospitalization. Allowing for cross-period carryover improved the discriminatory performance of the persistence models. Refill persistence measures appear sufficiently flexible to account for hospitalizations common in schizophrenia and other psychiatric diseases. A continuous refill persistence measure should be used to assess compliance in psychiatric conditions when working with administrative data.

Cartesian control of robotic manipulators with joint compliance

SUMMARYAn efficient on-line scheme for computing the inverse joint solution of robotic manipulators is combined with an improved formulation of robust, non-linear feedback control in joint space to produce a realizable Cartesian control scheme. Parametric uncertainties in the robot model are highlighted by the inclusion of compliance at each joint. Simulation results for a two link, coupled manipulator demonstrate that this Cartesian control enables the tip of the arm to track the demanded trajectory with arbitrarily small error in response to realistic actuator torques.