Search Results (10)

Over time, companies have faced many crises that have impacted their capacity to remain operational in the market. When going through periods of financial distress, companies must find solutions to face the risks and to fulfill the going concern assumption, which is an essential principle in accounting and also of major importance in financial-statements auditing. The research objective is to identify the research trends and approaches in the fields of going concern and financial distress. To achieve this purpose, a bibliometric analysis was carried out of the articles published in the journals indexed in Web of Science Clarivate Analytics (WoS) for the period 2004–2023. The selection criteria was based on instances of the keywords “going concern” and “financial distress” appearing in a sample of 2.859 articles. The results highlighted that these fields represent a domain of interest in the research, with the trend being most pronounced in the area of financial distress, since 2018. Based on the content analysis of the most influential articles, the main topics addressed were related to audit quality and aspects related to management and corporate governance. Thus, it is confirmed that the area of financial distress and going concern assessment is a widely studied one, and the studies made can provide essential information to overcome the difficult periods that a company can go through. Full article

In some settings, systems may not fail completely but instead undergo performance degradation, leading to reduced efficiency. A significant concern arises when a system transitions into a degraded state without immediate detection, with the degradation only becoming apparent after an unpredictable period. Undetected degradation can result in failures with significant consequences. For instance, a minor crack in an oil pipeline might go unnoticed, eventually leading to a major leak, environmental harm, and costly cleanup efforts. Similarly, in the nuclear industry, undetected degradation in reactor cooling systems could cause overheating and potentially catastrophic failure. This paper focuses on reliability modeling for systems experiencing degradation, accounting for time delays associated with undetected degraded states, self-repair mechanisms, and varying operating environments. The paper presents a reliability model for degraded, time-dependent systems, incorporating various aspects of degradation. It first discusses the model assumptions and formulation, followed by numerical results obtained from system modeling using the developed program. Various scenarios are illustrated, incorporating time delays and different parameter values. Through computational analysis of these complex systems, we observe that the probability of the system being in the undetected degraded state tends to stabilize shortly after the initial degradation begins. The model is valuable for predicting and establishing an upper bound on the probability of the undetected, degraded state and the system’s overall reliability. Finally, the paper outlines potential avenues for future research. Full article

Due to climate change and current efforts to reduce emissions in the construction sector, this study evaluates and discusses the results of a comparative cradle-to-grave Life Cycle Assessment (LCA), with a main focus on Global Warming Potential for functionally equivalent carbon-reinforced concrete (CRC) and steel-reinforced concrete (SRC) façade panels for the first time. The novelty of this study is the focus on construction waste and, in particular, the worst-case application of non-recycled construction waste. The use of CRC requires a lower concrete thickness than SRC because the carbon fiber reinforcement does not corrode, in contrast to steel reinforcement. Façade panels of the same geometrical dimensions and structural performance were defined as functional units (FU). Assuming an End-of-Life (EoL) scenario of 50% landfill and 50% recycling, the Global Warming Potential (GWP, given in CO₂ equivalent (CO₂e)) of the CRC façade (411–496 kg CO₂e) is shown to perform better than or equal to the SRC façade (492 kg CO₂e). Changing the assumption of CRC to a worst-case scenario, going fully to landfill and not being recycled (single life cycle), turns the GWP results in favor of the SRC façade. Assuming a 50-year service life for the SRC façade panel and relativizing the emissions to the years, the more durable CRC façade performs much better. Finally, depending on the system boundary, the assumed EoL and lifetime, CRC can represent a lower-emission alternative to a functionally equivalent component made of SRC. The most important and “novel” result in this study, which also leads to future research opportunities, is that delicate adjustments (especially concerning EoL scenarios and expected service life) can lead to completely different recommendations for decision-makers. Only by combining the knowledge of LCA experts, structural engineers, and builders optimal decisions can be made regarding sustainable materials and building components. Full article

Fabrizio Romano’s sizeable social media followings and role as influencer–sports journalist warrant attention. Romano, known for his catchphrase ‘Here We Go’, specialises in football transfers and produces multi-platform content. This study investigates how Romano’s Twitter practice informs professional understandings of sports journalism. A content and textual analysis (n = 494) was conducted of one month of Romano’s tweets and replies. Tweets were categorised according to markers of sports journalism practice. Results show Romano is professionalising sports journalism on social media and subverting understandings of personal branding through favouring objective news over subjective opinion and focusing on the professional rather than the personal. Romano’s transfer news prioritises major European football clubs, which is consistent with the trajectory of sports journalism on digital platforms. Play-by-play commentary is a minor aspect of Romano’s Twitter output, which contributes to the debate on the significance of game coverage to contemporary sports journalism. Tweets did not mention the human rights issues surrounding the World Cup starting in Qatar, even though this was a key talking point. This finding suggests that the normative assumption that sports journalists should scrutinise power and/or highlight social injustice does not always apply to all practitioners in all contexts, particularly where ultra-specialist settings are concerned. Full article

Sustainable urban mobility planning is a strategic and integrated approach that aims to effectively address the complexities of urban transportation. Additionally, vehicle emissions are still a significant problem found in cities. Its greatest concentration involves intersections, as they have the highest number of stop-and-go operations, resulting in the highest engine load. Although electrification of vehicles is underway, the coming years and the energy crisis may cause the full transformation and fulfillment of the European Green Deal to be postponed. This state of affairs means that much effort should still go into possibly modifying the current infrastructure to make it more environmentally friendly. The article addresses the use of vertical road markings such as “stop”, “give way”, and also signal controllers signs, at four-arm X intersections. The modeling of intersection variants was carried out in the traffic microsimulation software VISSIM. The created model was calibrated according to real world data. The actual part of the work concerns the assumption of specific traffic flow scenarios, for which measurements of delay and emissions of harmful exhaust components such as NOx and PM10 were made. The results obtained can have practical application in proposals for creating unequal intersections. Based on the results, it can be concluded that below the traffic volume value of 1200 vehicles/h, an intersection can be considered with a yield sign and stop sign for two directions of traffic. However, for traffic volumes from 1200 vehicles/h to 2000 vehicles/h, an intersection with stop signs can be used for all traffic directions. The results may also provide some information on the location of the crosswalks and the improvement of strategies to be introduced into the SUMPs. Full article

Companies are increasingly using social media to communicate with stakeholders. During the last decade, social media started to become part and parcel of contemporary lifestyles. Thus, the main purpose of this research was the investigation of the impacts of social media on accounting and auditing by using companies’ social media posts. We performed quantitative research on an initial population of 183 companies being traded on the Athens Stock Exchange (ATHEX) for one fiscal year. We gathered data from corporate social media accounts and social media posts for the 2018 fiscal year (Twitter, Facebook and LinkedIn). We analyzed social media posts’ strategies, and we used the Kruskal–Wallis model and OLS regression model in order to analyze the relationships between social media accounts and posts and accounting and auditing. The findings from our research show that firms with active social media accounts and active impression management techniques on Twitter, Facebook and LinkedIn tend to achieve higher profits compared to companies that have inactive social media accounts. Additionally, the firm’s total liabilities are mainly positively related to its posts on specific social media accounts. In addition, cash, total assets and earnings before taxes affect social media posts to different degrees, depending on the post’s content and the category of social media as well. Taking into account the auditing variables, it is suggested that there is no relation among the given auditor’s opinion, the going concern assumption and the reviewed posts. Full article

Sleeper spacing has been a taboo subject throughout the railway’s history. Safety concerns related to the structural integrity have been the main causes of not addressing this matter. There are no specific and clear recommendations or guidelines in relation to this matter and the distances do not go more than 0.8 m. In order to go beyond this current situation, the following research paper analyses the influence of the spacing between sleepers on the behaviour of ballasted tracks by performing a dynamic simulation with finite elements in two dimensions for different track configurations, different elements, geometries, and separations within the frame of the ODSTRACK project. The variables studied are the vertical displacements, the forces and stresses on the most important elements of the superstructure, as well as the vertical accelerations in the sleepers and the train. The values obtained from the numerical simulations were compared with the maximum permitted values according to the guidelines. To limit this distance to the most restrictive variable among those analysed, it is necessary to make important assumptions, such as the permissible values and effective support contact areas between the sleepers and the ballast. The preliminary analyses carried out shed light on a possible increment of the spacing between sleepers’ axes up to more than 0.8 m. This suggests that important savings in railways construction costs can be achieved, and they will help to develop the next stage of the ODSTRACK project. Full article

This work deals with the control of power electronics converters. In that context, the majority of the problems of interest can be translated into two main problems: stabilization control problems and tracking control problems. Numerous methods exist in the literature to propose solutions which are based on several ways of handling them in a more appropriate context: linear, nonlinear, switching, and hybrid control, to cite the most important. In recent years, a considerable effort has been made to derive control design methods taking into account the specificities and properties of the complex behavior of these systems, going beyond the numerous techniques based on approximated models or focused on the specific converter topology under study and, in that way, making a step towards a desirable genericity level. It is the objective of this work to go a step further trying to tackle the control of power converters in a unified way. The idea is to avoid, as much as possible, the use of approximations and exploit all the mathematical properties of the associated switched models. Writing them in a specific way, it is possible to deal with a lot of problems of interest whose solutions are based on assumptions which are the expressions of some kind of practical feasibility, and then closely related to the existence of solutions to the studied problems. In some cases, the resulting controls have an inevitable complexity level which reflects one of the problems under study. For such situations, the implementation issues are important and are not discussed in details in this paper. The proposed methods are illustrated by numerical simulations conducted with the help of PSIM software. This research work is decomposed into two parts, the first one focused on stabilization problems is developed in this paper. The other one concerning the tracking problems will be developed in a future paper. Full article

It is fair to say that religion, and in particular the ways in which some Christian and Islamic thinkers have again begun to encroach on the domain of science (e.g., global warming, the teaching of evolution), has caused a great deal of consternation within the scientific and philosophical communities. An understandable reaction to these developments is to reject out of hand even the slightest taint of religion in these fields—a position that has now attained the status of orthodoxy, at least in the western world. This is curious on its face, given the fact that religion has clearly provided a sense of meaning and purpose for most of our fellow humans as long as there have been humans pondering such things. Moreover, it is probably not necessary, provided one is very careful what sort of faith one endorses. Thus, the basic question I wish to address here, albeit in a very preliminary fashion, is whether it may be possible to delineate a form of faith that can inspire and guide humanity without the metaphysical baggage that causes conflict with epistemically conservative disciplines like science. To that end, I examine one recent thread within cosmology that views the universe as creative in the sense that it is biased towards the production of ever-increasing complexity at its edges. If that is true, it gives those so inclined permission, as it were, to view the creation of complexity (including human culture and its products) as a moral good (perhaps even an imperative) without the assumption of supernatural entities with mysterious motives and goals. After arguing that there is indeed logical space for such a faith that does not impinge on the essential commitments of either science or philosophy (properly conceived) I will examine its potential use in framing some of the emerging debates concerning space exploration. The prospect of humanity venturing beyond our homeworld in the near future offers an excellent case study of this “neo-naturalism” in action for two basic reasons. First, it seems likely that such a massive and complex undertaking needs a motivational source beyond mere discovery and expansion. Second, a neo-natural faith may influence how we go about this, and not always in ways those steeped in more traditional approaches to religion would predict. Full article

Background: Nowadays, patients involved in antiplatelet therapy required special attention during oral surgery procedures, due to the antiplatelet drugs assumption. The motivations of the assumption may be different and related to the patient’s different systemic condition. For this reason, accordingly to the current international guidelines, different protocols can be followed. The aim of this work is to analyze how the dentist’s approach to these patients has changed from the past to the present, evaluating the risk exposure for the patients. Methods: This review paper considered different published papers in literature through quoted scientific channels, going in search of “ancient” works in such a way as to highlight the differences in the protocols undertaken. The analyzed manuscripts are in the English language, taking into consideration reviews, case reports, and case series in such a way as to extrapolate a sufficient amount of data and for evaluating the past therapeutic approaches compared to those of today. Results: Colleagues in the past preferred to subject patients to substitution therapy with low molecular weight anticoagulants, by suspending antiplatelet agents to treatment patients, often for an arbitrary number of days. The new guidelines clarify everything, without highlighting an increased risk of bleeding during simple oral surgery in patients undergoing antiplatelet therapy. Conclusion: Either patients take these medications for different reasons, because of cardiovascular pathologies, recent cardiovascular events, or even for simple prevention, although the latest research shows that there is no decrease of cardiovascular accidents in patients who carry out preventive therapy. Surely, it will be at the expense of the doctor to assess the patient’s situation and risk according to the guidelines. For simple oral surgery, it is not necessary to stop therapy with antiplatelet agents because the risk of bleeding has not increased, and is localized to a post-extraction alveolus or to an implant preparation, compared to patients who do not carry out this therapy. From an analysis of the results it emerges that the substitutive therapy should no longer be performed and that it is possible to perform oral surgery safely in patients who take antiplatelet drugs, after a thorough medical history. Furthermore, by suspending therapy, we expose our patients to more serious risks, concerning their main pathology, where present. Full article