Comparative Analysis of Effect of Capital Structure to Profitability in Manufacturing Sector in Indonesia And Malaysia in 2009 - 2014

The effect of capital structure on profitability is often debated by many financial investigators. The application of the trade-off theory and pecking order theory to analyze this relationship may generate different views. Each company has its own strategies to achieve its objectives and the external environment, such as state policy which has a broad impact on the relationship with the capital structure of the companys profitability. Malaysia is the country closest to Indonesia that had a similar growth rate of GDP and industrial production with Indonesia, but Malaysia has a lower inflation rate than Indonesia. This study was conducted to compare the performance of manufacturing sector between two countries when entering the era of the ASEAN Economic Community (AEC). The samples for this study were 69 companies in Indonesia and 242 companies in Malaysia that engaged in the manufacturing sector. The study uses panel data analysis. The study found that capital structure has a positive effect on the profitability of manufacturing companies in Indonesia, and it transforms to a negative effect on manufacturing companies in Malaysia. The results also showed that there are significant differences in short-term debt towards profitability of manufacturing companies in the two countries, Indonesia and Malaysia

Optical parameter measurements of a nO.m liquid crystalline compound

Differential scanning calorimetry (DSC) and density studies for a Schiff’s base liquid crystalline nO.m compound N (4 - n - hexyloxybenzylidine) 4´- m - hexylaniline (6O.6) have been carried out. Using the previously reported refractive index data and present density data, the molecular polarizability values for the sample have been obtained. Vuks’ method and Neugebauer’s method have been used to calculate the parallel and perpendicular components of molecular polarizabilities. The calculation of order parameters have been previously done using direct extrapolation method and modified Vuks’ method from the measured refractive indices. The order parameters of the sample have been calculated using the refractive indices and density values following Vuks’ method and Neugebauer’s method. The results obtained have been compared and analysed in detail

The Mediterranean Moored Multi-sensor Array (M3A): system development and initial results

International audienceOperational forecasting of ocean circulation and marine ecosystem fluctuations requires multi-parametric real-time measurements of physical and biochemical properties. The architecture of a system that is able to provide such measurements from the upper-thermocline layers of the Mediterranean Sea is described here. The system was developed for the needs of the Mediterranean Forecasting System and incorporates state-of-the-art sensors for optical and chemical measurements in the upper 100 m and physical measurements down to 500 m. Independent moorings that communicate via hydro-acoustic modems are hosting the sensors. The satellite data transfer and the large autonomy allow for the operation of the system in any open-ocean site. The system has been in pre-operational use in the Cretan Sea since January 2000. The results of this pilot phase indicate that multi-parametric real-time observations with the M3A system are feasible, if a consistent maintenance and re-calibration program is followed. The main limitations of the present configuration of M3A are related: (a) to bio-fouling that primarily affects the turbidity and secondarily affects the other optical sensors, and (b) to the limited throughput of the currently used satellite communication system. Key words. Atmospheric composition and structure (instruments and techniques.) Oceanography: general (ocean prediction) Oceanography: physical (upper ocean process

Modeling Symmetric Minimal Surfaces by Mesh Subdivision

Thanks to the great diffusion of additive manufacturing technologies, the interest in lattice structures is growing. Among them, minimal surfaces are characterized by zero mean curvature, allowing enhanced properties such as mechanical response and fluidynamic behavior. Recent works showed a method for geometric modeling triply periodic minimal surfaces (TPMS) based on subdivision surface. In this paper, the deviation between the subdivided TPMS and the implicit defined ones is investigated together with mechanical properties computed by numerical methods. As a result, a model of mechanical properties as a function of the TPMS thickness and relative density is proposed

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Combined control and navigation approach to the robotic capture of space vehicles

none23noneZeno Pavanello, Francesco Branz, Alessandro Francesconi, Angelo Cenedese, Riccardo Antonello, Federico Basana, Pietro Iob, Davide Vertuani, Mauro Massari, Camilla Colombo, Marco Lovera, Davide Invernizzi, Pietro Ghignoni, Lorenzo Ticozzi, Giacomo Borelli, Roberto Opromolla, Michele Grassi, Giancarmine Fasano, Alessia Nocerino, Carlo Lombardi, Claudio Vela, Irene Huertas Garcia, Pedro SimplicioPavanello, Zeno; Branz, Francesco; Francesconi, Alessandro; Cenedese, Angelo; Antonello, Riccardo; Basana, Federico; Iob, Pietro; Vertuani, Davide; Massari, Mauro; Colombo, Camilla; Lovera, Marco; Invernizzi, Davide; Ghignoni, Pietro; Ticozzi, Lorenzo; Borelli, Giacomo; Opromolla, Roberto; Grassi, Michele; Fasano, Giancarmine; Nocerino, Alessia; Lombardi, Carlo; Vela, Claudio; Huertas Garcia, Irene; Simplicio, Pedr