Search Results (16)

This study explores the impact of growth opportunities on the capital structure of South African banks, utilising panel data from registered banking institutions covering the period from 2014 to 2023. While a substantial body of literature examines the relationship between growth prospects and corporate leverage, limited attention has been paid to this interaction within the banking sector, particularly in emerging economies. By employing the dynamic panel Generalised Method of Moments (GMM) estimator to address endogeneity concerns, the analysis reveals a statistically significant positive relationship between growth opportunities and both the total debt ratio (TDR) and the long-term debt ratio (LTDR). In contrast, a significant negative association is found between growth opportunities and the short-term debt ratio (STDR). The findings suggest that banks with stronger growth prospects are more inclined to utilise long-term financing, possibly reflecting shareholder preferences for institutions with favourable future outlooks and lower refinancing risks. These results highlight the importance of aligning capital structure decisions with an institution’s growth trajectory, while indicating that this relationship shifts depending on the maturity of the debt considered. This study contributes to the existing literature by contextualising capital structure decisions within the framework of growth opportunities. Structure theory within the context of the banking sector in a developing market offers practical insights for strategic financial planning and regulatory policy. Full article

With the rapid development of modern science and technology, the stability and reliability of electronic components become essential. Low-temperature drift resistors (LTDRs) are of importance owing to their excellent performance and stability in different temperature environments. LTDR technology is now widely used in the industrial field. This paper reviews the research status of LTDRs in order to provide reference for researchers and engineers in related fields. First, the basic principle of LTDRs is briefly discussed. A brief explanation of the mechanism behind low-temperature drift is illustrated. Second, the materials, types, and manufacturing processes of LTDRs are classified and discussed. The review ends with a brief conclusion concerning the challenges from mechanism to application and the future outlook. Full article

The NOAA-AVHRR (National Oceanographic and Atmospheric Administration–Advanced Very High-Resolution Radiometer) archive includes data from 1981 onwards, which allow for estimating land surface temperature (LST), a key parameter for the study of global warming as well as surface characterization. However, algorithms for LST retrieval were developed before the latest sensors and were based on more reduced atmospheric datasets. Here, we present 50 novel sets of coefficients for an LST retrieval algorithm from NOAA-AVHRR sensors, to which we added one historical methodology, which we validate against historical in situ as well as independent satellite data. This validation shows that the historical algorithm performs surprisingly well, with an in situ RMSE below 1.5 K and a quasi-null bias when compared with independent satellite data. A couple of the novel algorithms also perform within expectations (errors below 1.5 K), so any of these could be used for the complete processing of the AVHRR dataset. In our case, considering consistency with previous works, we opt for the use of the historical algorithm, now also tested for more recent periods. Full article

This study aims to develop an integrated approach for 3D lumbar vertebral biomodel design and analysis, specifically targeting unilevel disc degeneration and the replacement of lumbar artificial discs. Key objectives include improving existing design methods through 3D techniques, inverse modeling, and an engineering biomodel preparation protocol. Additionally, the study evaluates mechanical properties in the implantation area and between disc components to gauge the effectiveness of artificial discs in restoring functional movement within the studied biological model. The construction of a biological model representing the L3–L4 functional spinal unit was based on measurements from radiographic images and computed tomography data obtained from the study sample. The 3D finite element method in Ansys software (v. 19.2, ANSYS, Inc., Canonsburg, PA, USA) was used to monitor the distribution of equivalent stress values within the core of the two artificial discs and the behavior of vertebral bone components in the model. This approach enabled the creation of personalized digital models tailored to the specific implantation requirements of each patient. Stress analysis identified critical areas within the disc cores, suggesting potential design modifications to optimize artificial disc performance, such as selectively increasing core thickness in specific regions and considering adjustments during implantation. For example, preserving part of the lateral annulus fibrosus from the degenerative disc and maintaining the anterior and posterior longitudinal ligaments may play a crucial role in balancing the forces and moments experienced by the lumbar section. This study provides valuable insights into the development of patient-specific solutions for lumbar disc degeneration cases, with the potential for enhancing artificial disc design and implantation techniques for improved functional outcomes. Full article

Photoionization and its inverse, electron–ion recombination, are key processes that influence many astrophysical plasmas (and gasses), and the diagnostics that we use to analyze the plasmas. In this review we provide a brief overview of the importance of photoionization and recombination in astrophysics. We highlight how the data needed for spectral analyses, and the required accuracy, varies considerably in different astrophysical environments. We then discuss photoionization processes, highlighting resonances in their cross-sections. Next we discuss radiative recombination, and low and high temperature dielectronic recombination. The possible suppression of low temperature dielectronic recombination (LTDR) and high temperature dielectronic recombination (HTDR) due to the radiation field and high densities is discussed. Finally we discuss a few astrophysical examples to highlight photoionization and recombination processes. Full article

We present an analysis of the spatio-temporal trends derived from long-term burned area (BA) data series. Two global BA products were included in our analysis, the FireCCI51 (2001–2019) and the FireCCILT11 (1982–2018) datasets. The former was generated from Moderate Resolution Imaging Spectroradiometer (MODIS) 250 m reflectance data, guided by 1 km active fires. The FireCCILT11 dataset was generated from Land Long-Term Data Record data (0.05°), which provides a consistent time series for Advanced Very High Resolution Radiometer images, acquired from the NOAA satellite series. FireCCILT11 is the longest time series of a BA product currently available, making it possible to carry out temporal analysis of long-term trends. Both products were developed under the FireCCI project of the European Space Agency. The two datasets were pre-processed to correct for temporal autocorrelation. Unburnable areas were removed and the lack of the FireCCILT11 data in 1994 was examined to evaluate the impact of this gap on the BA trends. An analysis and comparison between the two BA products was performed using a contextual approach. Results of the contextual Mann-Kendall analysis identified significant trends in both datasets, with very different regional values. The long-term series presented larger clusters than the short-term ones. Africa displayed significant decreasing trends in the short-term, and increasing trends in the long-term data series, except in the east. In the long-term series, Eastern Africa, boreal regions, Central Asia and South Australia showed large BA decrease clusters, and Western and Central Africa, South America, USA and North Australia presented BA increase clusters. Full article

This paper presents the first global burned area (BA) product derived from the land long term data record (LTDR), a long-term 0.05-degree resolution dataset generated from advanced very high resolution radiometer (AVHRR) images. Daily images were combined in monthly composites using the maximum temperature criterion to enhance the burned signal and eliminate clouds and artifacts. A synthetic BA index was created to improve the detection of the BA signal. This index included red and near infrared reflectance, surface temperature, two spectral indices, and their temporal differences. Monthly models were generated using the random forest classifier, using the twelve monthly composites of each year as the predictors. Training data were obtained from the NASA MCD64A1 collection 6 product (500 m spatial resolution) for eight years of the overlapping period (2001–2017). This included some years with low and high fire occurrence. Results were tested with the remaining eight years. Pixels classified as burned were converted to burned proportions using the MCD64A1 product. The final product (named FireCCILT10) estimated BA in 0.05-degree cells for the 1982 to 2017 period (excluding 1994, due to input data gaps). This product is the longest global BA currently available, extending almost 20 years back from the existing NASA and ESA BA products. BA estimations from the FireCCILT10 product were compared with those from the MCD64A1 product for continental regions, obtaining high correlation values (r² > 0.9), with better agreement in tropical regions rather than boreal regions. The annual average of BA of the time series was 3.12 Mkm². Tropical Africa had the highest proportion of burnings, accounting for 74.37% of global BA. Spatial trends were found to be similar to existing global BA products, but temporal trends showed unstable annual variations, most likely linked to the changes in the AVHRR sensor and orbital decays of the NOAA satellites. Full article

Alaska’s boreal region stores large amounts of carbon both in its woodlands and in the grounds that sustain them. Any alteration to the fire system that has naturally regulated the region’s ecology for centuries poses a concern regarding global climate change. Satellite-based remote sensors are key to analyzing those spatial and temporal patterns of fire occurrence. This paper compiles four burned area (BA) time series based on remote sensing imagery for the Alaska region between 1982–2015: Burned Areas Boundaries Dataset-Monitoring Trends in Burn Severity (BABD-MTBS) derived from Landsat sensors, Fire Climate Change Initiative (Fire_CCI) (2001–2015) and Moderate-Resolution Imaging Spectroradiometer (MODIS) Direct Broadcast Monthly Burned Area Product (MCD64A1) (2000–2015) with MODIS data, and Burned Area-Long-Term Data Record (BA-LTDR) using Advanced Very High Resolution Radiometer LTDR (AVHRR-LTDR) dataset. All products were analyzed and compared against one another, and their accuracy was assessed through reference data obtained by the Alaskan Fire Service (AFS). The BABD-MTBS product, with the highest spatial resolution (30 m), shows the best overall estimation of BA (81%), however, for the years before 2000 (pre-MODIS era), the BA sensed by this product was only 44.3%, against the 55.5% obtained by the BA-LTDR product with a lower spatial resolution (5 km). In contrast, for the MODIS era (after 2000), BABD-MTBS virtually matches the reference data (98.5%), while the other three time series showed similar results of around 60%. Based on the theoretical limits of their corresponding Pareto boundaries, the lower resolution BA products could be improved, although those based on MODIS data are currently limited by the algorithm’s reliance on the active fire MODIS product, with a 1 km nominal spatial resolution. The large inter-annual variation found in the commission and omission errors in this study suggests that for a fair assessment of the accuracy of any BA product, all available reference data for space and time should be considered and should not be carried out by selective sampling. Full article

The Long Term Data Record (LTDR) project has the goal of developing a quality and consistent surface reflectance product from coarse resolution optical sensors. This paper focuses on the Advanced Very High Resolution Radiometer (AVHRR) part of the record, using the Moderate Resolution Imaging Spectrometer (MODIS) instrument as a reference. When a surface reflectance time series is acquired from satellites with variable observation geometry, the directional variation generates an apparent noise which can be corrected by modeling the bidirectional reflectance distribution function (BRDF). The VJB (Vermote, Justice and Bréon, 2009) method estimates a target’s BRDF shape using 5 years of observation and corrects for directional effects maintaining the high temporal resolution of the measurement using the instantaneous Normalized Difference Vegetation Index (NDVI). The method was originally established on MODIS data but its viability and optimization for AVHRR data have not been fully explored. In this study we analyze different approaches to find the most robust way of applying the VJB correction to AVHRR data, considering that high noise in the red band (B1) caused by atmospheric effect makes the VJB method unstable. Firstly, our results show that for coarse spatial resolution, where the vegetation dynamics of the target don’t change significantly, deriving BRDF parameters from 15+ years of observations reduces the average noise by up to 7% in the Near Infrared (NIR) band and 6% in the NDVI, in comparison to using 3-year windows. Secondly, we find that the VJB method can be modified for AVHRR data to improve the robustness of the correction parameters and decrease the noise by an extra 8% and 9% in the red and NIR bands with respect to using the classical VJB inversion. We do this by using the Stable method, which obtains the volumetric BRDF parameter (V) based on its NDVI dependency, and then obtains the geometric BRDF parameter (R) through the inversion of just one parameter. Full article

The Iraqi Marshes in Southern Iraq are considered one of the most important wetlands in the world. From 1982 to the present, their area has varied between 10,500 km² and 20,000 km². The marshes support a variety of plants, such as reeds and papyrus, and are home to many species of birds. These marshes are Al-Hammar, Central or Al-Amarah, and Al-Huwaiza. Freshwater supplies to the marshes come from the Tigris and Euphrates rivers in Iraq and from the Karkha River from Iran. For this analysis, we used the Land Long-Term Data Record Version 5 (LTDR V5) Normalized Difference Vegetation Index (NDVI) from the Advanced Very High Resolution Radiometer (AVHRR) sensor dataset. This dataset was recently released at a 0.05 × 0.05° spatial resolution and daily temporal resolution to monitor the spatial and temporal variability of vegetation along with other hydrological variables such as land surface temperature, precipitation, and evapotranspiration. In our analysis, we considered three time periods: 1982–1992; 1993–2003; and 2004–2017 due to anthropogenic activities and climate changes. Furthermore, we examined the relationships between various water cycle variables through the investigation of vegetation and water coverage changes, and studied the impacts of climate change and anthropogenic activities on the Iraqi Marshes and considered additional ground observations along with the satellite datasets. Statistical analyses over the last 36 years show significant deterioration in the vegetation: 68.78%, 98.73, and 83.71% of the green biomass has declined for Al-Hammar, The Central marshes, and Al-Huwaiza, respectively. The AVHRR and Landsat images illustrate a decrease in water and vegetation coverage, which in turn has led to an increase in barren lands. Unfortunately, statistical analyses show that marshland degradation is mainly induced by human actions. The shrinkage in water supplies taken by Iraq’s local neighbors (i.e., Turkey, Syria, and Iran) has had a sharp impact on water levels. The annual discharge of the Tigris declined from ~2500–3000 m³/s to ~500 m³/s, and the annual discharge of the Euphrates River declined from ~1500 m³/s to less than 500 m³/s. Full article

A Bayesian classifier mapped the Burned Area (BA) in the Northeastern Siberian boreal forest (70°N 120°E–60°N 170°E) from 1982 to 2015. The algorithm selected the 0.05° (~5 km) Long-Term Data Record (LTDR) version 3 and 4 data sets to generate 10-day BA composites. Landsat-TM scenes of the entire study site in 2002, 2010, and 2011 assessed the spatial accuracy of this LTDR-BA product, in comparison to Moderate-Resolution Imaging Spectroradiometer (MODIS) MCD45A1 and MCD64A1 BA products. The LTDR-BA algorithm proves a reliable source to quantify BA in this part of Siberia, where comprehensive BA remote sensing products since the 1980s are lacking. Once grouped by year and decade, this study explored the trends in fire activity. The LTDR-BA estimates contained a high interannual variability with a maximum of 2.42 million ha in 2002, an average of 0.78 million ha/year, and a standard deviation of 0.61 million ha. Going from 6.36 in the 1980s to 10.21 million ha BA in the 2010s, there was a positive linear BA trend of approximately 1.28 million ha/decade during these last four decades in the Northeastern Siberian boreal forest. Full article

Time series of Normalized Difference Vegetation Index (NDVI) derived from multiple satellite sensors are crucial data to study vegetation dynamics. The Land Long Term Data Record Version 4 (LTDR V4) NDVI dataset was recently released at a 0.05 × 0.05° spatial resolution and daily temporal resolution. In this study, annual NDVI time series that are composited by the LTDR V4 and Moderate Resolution Imaging Spectroradiometer (MODIS) NDVI datasets (MOD13C1) are compared and evaluated for the period from 2001 to 2014 in China. The spatial patterns of the NDVI generally match between the LTDR V4 and MOD13C1 datasets. The transitional zone between high and low NDVI values generally matches the boundary of semi-arid and sub-humid regions. A significant and high coefficient of determination is found between the two datasets according to a pixel-based correlation analysis. The spatially averaged NDVI of LTDR V4 is characterized by a much weaker positive regression slope relative to that of the spatially averaged NDVI of the MOD13C1 dataset because of changes in NOAA AVHRR sensors between 2005 and 2006. The measured NDVI values of LTDR V4 were always higher than that of MOD13C1 in western China due to the relatively lower atmospheric water vapor content in western China, and opposite observation appeared in eastern China. In total, 18.54% of the LTDR V4 NDVI pixels exhibit significant trends, whereas 35.79% of the MOD13C1 NDVI pixels show significant trends. Good agreement is observed between the significant trends of the two datasets in the Northeast Plain, Bohai Economic Rim, Loess Plateau, and Yangtze River Delta. By contrast, the datasets contrasted in northwestern desert regions and southern China. A trend analysis of the regression slope values according to the vegetation type shows good agreement between the LTDR V4 and MOD13C1 datasets. This study demonstrates the spatial and temporal consistencies and discrepancies between the AVHRR LTDR and MODIS MOD13C1 NDVI products in China, which could provide useful information for the choice of NDVI products in subsequent studies of vegetation dynamics. Full article

The Normalized Difference Vegetation Index (NDVI) time-series data derived from Advanced Very High Resolution Radiometer (AVHRR) have been extensively used for studying inter-annual dynamics of global and regional vegetation. However, there can be significant uncertainties in the data due to incomplete atmospheric correction and orbital drift of the satellites through their active life. Access to location specific quantification of uncertainty is crucial for appropriate evaluation of the trends and anomalies. This paper provides per pixel quantification of orbital drift related spurious trends in Long Term Data Record (LTDR) AVHRR NDVI data product. The magnitude and direction of the spurious trends was estimated by direct comparison with data from MODerate resolution Imaging Spectrometer (MODIS) Aqua instrument, which has stable inter-annual sun-sensor geometry. The maps show presence of both positive as well as negative spurious trends in the data. After application of the BRDF correction, an overall decrease in positive trends and an increase in number of pixels with negative spurious trends were observed. The mean global spurious inter-annual NDVI trend before and after BRDF correction was 0.0016 and −0.0017 respectively. The research presented in this paper gives valuable insight into the magnitude of orbital drift related trends in the AVHRR NDVI data as well as the degree to which it is being rectified by the MODIS BRDF correction algorithm used by the LTDR processing stream. Full article

An algorithm based on a Bayesian network classifier was adapted to produce 10-day burned area (BA) maps from the Long Term Data Record Version 3 (LTDR) at a spatial resolution of 0.05° (~5 km) for the North American boreal region from 2001 to 2011. The modified algorithm used the Brightness Temperature channel from the Moderate Resolution Imaging Spectroradiometer (MODIS) band 31 T₃₁ (11.03 μm) instead of the Advanced Very High Resolution Radiometer (AVHRR) band T₃ (3.75 μm). The accuracy of the BA-LTDR, the Collection 5.1 MODIS Burned Area (MCD45A1), the MODIS Collection 5.1 Direct Broadcast Monthly Burned Area (MCD64A1) and the Burned Area GEOLAND-2 (BA GEOLAND-2) products was assessed using reference data from the Alaska Fire Service (AFS) and the Canadian Forest Service National Fire Database (CFSNFD). The linear regression analysis of the burned area percentages of the MCD64A1 product using 40 km × 40 km grids versus the reference data for the years from 2001 to 2011 showed an agreement of R² = 0.84 and a slope = 0.76, while the BA-LTDR showed an agreement of R² = 0.75 and a slope = 0.69. These results represent an improvement over the MCD45A1 product, which showed an agreement of R² = 0.67 and a slope = 0.42. The MCD64A1, BA-LTDR and MCD45A1 products underestimated the total burned area in the study region, whereas the BA GEOLAND-2 product overestimated it by approximately five-fold, with an agreement of R² = 0.05. Despite MCD64A1 showing the best overall results, the BA-LTDR product proved to be an alternative for mapping burned areas in the North American boreal forest region compared with the other global BA products, even those with higher spatial/spectral resolution. Full article