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Development of low concentrated solar photovoltaic system with lead acid battery as storage device
Salah Ud-Din Khan,Zeyad Ammar Almutairi,Omer Salah Al-Zaid,Shahab Ud-Din Khan 한국물리학회 2020 Current Applied Physics Vol.20 No.4
Energy storage system powered by renewable energies is a viable option to meet energy requirement without addition of carbon footprints to the environment. This study involves development of theoretical and computational models for a solar photovoltaic (PV) system coupled with a lead acid battery. The study commenced with selection of most appropriate lead acid battery and PV system for installation in a representative location in Riyadh, Kingdom of Saudi Arabia. Various technical and economic parameters were assessed and calculated by computational approach. The optimized lead acid battery was integrated with low concentration solar PV panels (CPV) followed by a feasibility study. Theoretical model was developed for the integrated system to calculate various parameters of the CPV and lead acid battery. Technical and economic assessment of this coupled unit was calculated using a theoretical approach. The developed model was then subjected to computational approach for verification and validation analysis of the integrated system. The detailed assessment of batteries and integrated system show the applicability of this system in Riyadh region. The research will be extended to develop energy storage systems for remote areas using lead acid batteries.
Board Structure and Likelihood of Financial Distress: An Emerging Asian Market Perspective
Shahab UD-DIN,Muhammad Yar KHAN,Anam JAVEED,Ha PHAM 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11
This study examines the relationship between the attributes of board structure and the likelihood of financial distress for the non-financial sector of an emerging market characterized by concentrated ownership and family-controlled business. The present study utilized panel logistic regression to estimate the relationship between board structure attributes and the likelihood of financial distress. We used Altman Z-Score as a proxy for firm financial distress, as this tool measures the financial distress inversely. The study finds a significant relationship between board size and the likelihood of financial distress. The results show that a one-unit increase in board size would decrease the probability of financial distress by 3.4%. Further, we observe that a greater level of board independence is associated with a lower likelihood of financial distress. A one-unit increase in board independence would decrease the probability of financial distress by 20.4%. We also find a significant positive impact of leverage on the likelihood of financial distress. The present study contributes to the body of literature on board structure attributes and likelihood of financial distress in emerging markets, like Pakistan. Furthermore, the findings would be beneficial for corporate policymakers and investors in formulating corporate financial strategy and predicting business failure.