Help or Hurt? The Impact of ESG on Firm Performance in S&P 500 Non-Financial Firms

The paper aims to investigate the impact of ESG practice on firms’ financial performance in the context of U.S. market from 2018 to 2020. The paper examines a sample of 57 U.S. non-financial firms belonging to the S&P 500. The Two-Stage Least Squares (2SLS) estimation is employed with an instrumental variable - the political views of the states where the studied firms are located. The paper shows that having a better practice of ESG could enhance firms’ financial performance measured by ROA, ROE, and TobinQ. These findings are consistent with the stakeholder-focused theory instead of shareholder-focus perspective. In addition, the magnitude of the influence of the ESG practice on TobinQ is significantly higher than that of the ESG-ROA and ESG-ROE relations. It reveals that the ESG benefits could make the firms appear more attractive to investors, creating higher market values of the firms’ assets and then higher TobinQ ratio. Not as the TobinQ enhancement, the significant improvement in ROA and ROE would be realized in the long run rather than short term. The low managerial ownership in the U.S. market may increase the chance of ESG overinvestment by the firms’ managers, hence reducing firm value. However, under the pressure of the investors’ strong demand for socially responsible investing, the U.S. firms tend to become involved in ESG activities, obtaining a strong stakeholder commitment and thus creating additional firm value in the long run

Active Voltage Control (AVC) for Reducing Three-phase Voltage Fluctuations

The paper presents an active voltage compensator (AVC) to prevent voltage fluctuations on the load in both voltage’s rise and fall directions. This AVC is designed based on modeling a three-phase four-branch inverter according to the large-signal average model and the small-signal model—calculation and design of d-q channel controller and 0 channel controller by the frequency-domain method. This AVC significantly reduces production interruptions while protecting equipment life reduction. The theory results are proven through MATLAB/Simulink simulation

1H- AND 13C-NMR SPECTRA OF SOME AZOMETHINES OF 5-AMINO-2-PHENYLINDOLE SERIES

The 1H- and 13C-spectra of some azomethines of 5-amino-2-phenylindole series have been recorded and researched. It shown that, the substituents in benzene ring influenced on the chemical shift of proton on azomethine bond

NOWJ1@ALQAC 2023: Enhancing Legal Task Performance with Classic Statistical Models and Pre-trained Language Models

This paper describes the NOWJ1 Team's approach for the Automated Legal Question Answering Competition (ALQAC) 2023, which focuses on enhancing legal task performance by integrating classical statistical models and Pre-trained Language Models (PLMs). For the document retrieval task, we implement a pre-processing step to overcome input limitations and apply learning-to-rank methods to consolidate features from various models. The question-answering task is split into two sub-tasks: sentence classification and answer extraction. We incorporate state-of-the-art models to develop distinct systems for each sub-task, utilizing both classic statistical models and pre-trained Language Models. Experimental results demonstrate the promising potential of our proposed methodology in the competition.Comment: ISAILD@KSE 202

An efficient approach to measure the difficulty degree of practical programming exercises based on student performances

oai:ojs.www.rev-jec.org:article/282This study examines the generality of easy to hard practice questions in programming subjects. One of the most important contributions is to propose four new formulas for determining the difficulty degree of questions. These formulas aim to describe different aspects of difficulty degree from the learner's perspective instead of the instructor's subjective opinions. Then, we used clustering technique to group the questions into three easy, medium and difficult degrees. The results will be the baseline to consider the generality of the exercise sets according to each topic. The proposed solution is then tested on the data set that includes the results of the two subjects: Programming Fundamentals, Data Structures and Algorithms from Ho Chi Minh City University of Technology. The most important result is to suggest the instructors complete various degrees according to each topic for better evaluating student's performance

MULTI-PIXEL PHOTON COUNTER FOR OPERATING A TABLETOP COSMIC RAY DETECTOR UNDER LOOSELY CONTROLLED CONDITIONS

The multi-pixel photon counter (MPPC) has recently emerged as a great type of silicon photomultiplier to replace or compensate for conventional vacuum-based photomultiplier tubes. An MPPC provides many advantageous features, such as high electrical gain, outstanding photon detection efficiency, fast timing response, immunity to magnetic fields, low-voltage operation, compactness, portability, and cost-effectiveness. This article examines the electrical and optical characteristics of an MPPC under loosely controlled environmental conditions. We also report a measurement of the light yield captured by the MPPC when a cosmic ray passes through the plastic scintillator, demonstrating that such a setup is suitable as a simple, cost-effective tabletop cosmic ray detector for educational and research purposes

A comprehensive evaluation of polygenic score and genotype imputation performances of human SNP arrays in diverse populations

publishedVersio

Phlogacanthus cornutus: chemical profiles and antioxidant effects

Phlogacanthus cornutus is a rare species and the chemical profiles and the bioactivities of this plant are unknown. In present study, the chemical components of the acetone extract as well as the antioxidant activity of acetone extract and its fractions such as n-hexane, chloroform and ethyl acetate of P. cornutus were firstly reported. A total of 33 constituents were identify in the acetone extract of this plant using Gas Chromatography/Mass Spectrometry assay, in which trans-cinnamic acid (21.26%), neophytadiene (6.36%), linolenic acid (5.86%), dihydroagathic acid (5.71%), n-hexadecanoic acid (5.53%), phytol (4.14%) and cis-cinnamic acid (3.23%) were the major compounds. The acetone extract and its fractions such as n-hexane, chloroform and ethyl acetate of P. cornutus showed DPPH radical scavenging activity with IC50 value of 234.31, 185.95, 758.65 and 458.52 µg/mL respectively

A modern purification by accelerated solvent extraction and centrifugal partition chromatography and biological evaluation of capsaicin from Capsicum chinense

A special alkaloid compound known as capsaicin, which can only be found in the fruit of the Capsicum plant, was isolated and tested for its anti-inflammatory activity. The purpose of this work is to establish a simple and quick approach for capsaicin purification utilizing centrifugal partition chromatography (CPC) as well as an effective method - accelerated solvent extraction (ASE), for extracting capsaicin from Capsicum chinense. After purification, capsaicin was validated by HPLC-DAD at 281 nm to be > 90% purity. The in vivo anti-inflammatory activity of the isolated capsaicin was also investigated, and the IC50 value of the capsaicin was determined to be 57.61 µg/mL. The current work emphasizes how an ASE and CPC system may combine to extract high-purity capsaicin from Capsicum chinense, which have the anti-inflammatory activity, as we evaluated in the experiment