12,976 research outputs found
A Robust Transformation-Based Learning Approach Using Ripple Down Rules for Part-of-Speech Tagging
In this paper, we propose a new approach to construct a system of
transformation rules for the Part-of-Speech (POS) tagging task. Our approach is
based on an incremental knowledge acquisition method where rules are stored in
an exception structure and new rules are only added to correct the errors of
existing rules; thus allowing systematic control of the interaction between the
rules. Experimental results on 13 languages show that our approach is fast in
terms of training time and tagging speed. Furthermore, our approach obtains
very competitive accuracy in comparison to state-of-the-art POS and
morphological taggers.Comment: Version 1: 13 pages. Version 2: Submitted to AI Communications - the
European Journal on Artificial Intelligence. Version 3: Resubmitted after
major revisions. Version 4: Resubmitted after minor revisions. Version 5: to
appear in AI Communications (accepted for publication on 3/12/2015
The effects of corporate governance mechanisms on the financial leverage–profitability relation
Purpose
This paper aims to investigate the moderating effects of corporate governance mechanisms on the financial leverage–profitability relation in emerging market firms.
Design/methodology/approach
The paper examines the impacts by estimating the empirical model in which a firm’s accounting profitability is a dependent variable, while financial leverage, board size, board independence, CEO duality, CEO ownership, state ownership and the interaction variables are predictors. The paper uses the panel data set of 295 listed firms in Vietnam in the period 2011-2015 and two key econometric methods for panel data, namely, the two-stage least square instrumental variable and general moments method.
Findings
The paper finds the evidence for the significant and positive effect of board size, board independence and state ownership on the financial leverage–profitability relation. The effect of CEO duality on the financial leverage–profitability relation tends to be negative, and the impact CEO ownership inclines to be positive, although both of them are statistically insignificant. The results are consistent across different estimation methods.
Originality/value
This paper is the first investigating the moderating effect of various corporate governance mechanisms on the financial leverage–profitability relationship in emerging market firms
Debt financing and firm performance: The moderating role of board independence
This article investigates the moderating role of board independence in the relationship between debt financing and performance of emerging market firms. We have used an empirical model in which the firm’s accounting profitability is a dependent variable and the independent variables are debt financing, board independence, the interaction variable made of debt financing and board independence as well as various control variables. Our analysis is based on a panel data set of 300 listed firms in Vietnam between 2013 and 2017. Our study finds that debt financing has a significantly negative effect and that board independence reduces the adverse impact of debt financing on accounting profitability. Our results are consistent across different estimation models and methods
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