Technological Educational Institute of Western Macedonia

About: Technological Educational Institute of Western Macedonia is a based out in . It is known for research contribution in the topics: Catalysis & Symplectic geometry. The organization has 291 authors who have published 522 publications receiving 7682 citations. The organization is also known as: TEI of West Macedonia & TEI of Western Macedonia.

Corporate Governance and Debt to Equity Ratio

Abstract: Capital structure, especially in the cases of the countries that belong in the Continental Europe system of Corporate Governance has a significant impact on the way that the firm is structured, organizationally, strategically and functionally. The decision to use the capital market or debt in order to obtain the necessary capital to finance firms’ operations is a critical factor for the formulation of corporate environment, because it contributes to the ownership concentration or diffusion and to corporate risk exposure level. Debt aggravation is measured by the ratio “Debt to Equity”. Panel data methodology is used. The hypothesis that are tested: a) is debt aggravation affected by the quality of corporate governance, the structure and composition of the Board of Directors, firm’s size, and other factors, b) are the factors that affect debt aggravation in Greece the same with the ones that are delineate in the literature for the Anglo-Saxon countries. Debt aggravation is statistically affected by performance, organizational structure and firm size. These findings are compatible with the literature. The innovative finding is that variables like Corporate Governance Index (CG), Mergers and Acquisitions (Merger), Major shareholder is the CEO (OWNCEO) and den dismissal or resignation of, executive, non executive (BDIS_P) and independent members of the Board of Directors are not statistical important. Corporate Governance does not seem to have any statistical important impact on capital structure and this conclusion is the opposite of the relevant studies of Shleifer and Vishny (1997) and Vilanova (2007). Greek firms seem to favor debt as a mean of finance, instead of capital-share issues.

Optimizing Models for Sustainable Drilling Operations Using Genetic Algorithm for the Optimum ANN

Abstract: In the present study, Artificial Neural Network (ANN) approaches were adopted for the prediction of thrust force (Fz) and torque (Mz) during drilling of St60 workpiece, according to importa...

Nanofibrous morphology of electrospun chitosan nanocomposites reinforced with WS2 nanotubes: A design-of-experiments study:

Abstract: Chitosan nanofibers reinforced with tungsten disulfide inorganic nanotubes (INT-WS2) were fabricated in this study. The aim was to investigate the effect of the material parameters and the electros...

Planned versus unplanned grocery shopping behaviour: an empirical study

Abstract: This study is being carried out in order to identify what affects unplanned behaviour, which accounts for a significant amount of supermarket purchases. This should have a significant affect on the way products are marketed given that most purchasing decisions would appear to be made in the store itself. The empirical work combined qualitative and quantitative methods and the results found that consumers paid emphasis to specific attributes that, in turn, influence their purchasing behaviour, either planned or unplanned. The above will support retail managers during the development of store strategies with the ultimate aim to influence consumer behaviour towards increased product purchasing.

Sizing of Electrical and Thermal Storage Systems in the Nearly Zero Energy Building Environment - A Comparative Assessment

Abstract: In order to determine the most suitable storage system for buildings with photovoltaics (PVs), a holistic analysis of the energy consumption is often required. In that sense, this paper provides a comparative assessment of thermal and battery storage in the context of nearly zero energy buildings (NZEBs). A NZEB with a PV, heat pump and a radiant floor has been considered for this purpose. The comparison is conducted in terms of the self-consumption rate and the net present value. In addition, a control strategy that maximizes the buildings self-consumption has been developed for the NZEB with thermal storage. For the NZEB with a battery, a common rule-based strategy has been employed. The results indicate that for smaller capacities, the thermal storage is better at improving self-consumption. Moreover, under a pure self-consumption scheme, battery storage becomes economically viable if investment costs are lower than 200 EUR/kWh.