There is a large literature on public-private-partnership, covering many different areas and aspects. This article deals with a specific but important aspect: the decision-making mechanisms to choose the management of PPP enterprises. In this sector, a suitable choice of managers is of particular importance because the persons chosen must balance the public and private interests. This is often difficult to achieve. Two new procedures are discussed, “Directed Random Choice” and “Rotating CEOs”. In each case, the advantages and disadvantages of the procedure of choosing the managers of PPP enterprises are discussed and evaluated. It is concluded that the two novel mechanisms should be seriously considered when choosing the managers of PPP enterprises.

In this paper, a detailed mineralogical and genesis investigation have been carried out in the seven locations of the Iron Ore in Hazara area. Thick bedded iron ore have been observed between Kawagarh Formation and Hangu Formation i.e., Cretaceous-Paleocene boundary. At the base of Hangu Formation, variable thickness of these lateritic beds spread throughout the Hazara and Kohat-Potwar plateau. This hematite ore exists in the form of unconformity. X-ray diffraction technique (XRD), X-ray fluorescence spectrometry (XRF), detailed petroghraphic study and scanning electron microscope (SEM) techniques indicated that those iron bears minerals including hematite, chamosite and quartz, albite, clinochlore, illite-montmorillonite, kaolinite, calcite, dolomite, whereas ankerite are the impurities present in these beds. The X-ray fluorescence (XRF) results show that the total Fe₂O₃ ranges from 39 to 56%, with high silica and alumina ratio of less than one. Beneficiation requires for significant increase in ore grade. The petroghraphic study revealed the presence of ooids fragments as nuclei of other ooids with limited clastic supply, which indicate high energy shallow marine depositional setting under warm and humid climate. The overall results show that Langrial Iron Ore is a low-grade iron ore which can be upgraded up to 62% by applying modern mining techniques so as to fulfill steel requirements of the country.

Objective: The influence of climate on forest stands cannot be ignored, but most of the previous forest stand growth models were constructed under the presumption of invariant climate and could not estimate the stand growth under climate change. The model was constructed to provide a theoretical basis for forest operators to take reasonable management measures for fir under the influence of climate. Methods: Based on the survey data of 638 cedar plantation plots in Hunan Province, the optimal base model was selected from four biologically significant alternative stand basal area models, and the significant climate factors without serious covariance were selected by multiple stepwise regression analysis. The optimal form of random effects was determined, and then a model with climatic effects was constructed for the cross-sectional growth of fir plantations. Results: Richards formula is the optimal form of the basic model of stand basal area growth. The coefficient of adjustment  was 0.8355; the average summer maximum temperature  and the water vapor loss  in Hargreaves climate affected the maximum and rate of fir stand stand growth respectively, and were negatively correlated with the stand growth. The adjusted coefficient of determination  of the fir stand area break model with climate effects was 0.8921, the root mean square error (RMSE) was 3.0792, and the mean relative error absolute value (MARE) was 9.9011; compared with the optimal base model,  improved by 6.77%, RMSE decreased by 19.04%, and MARE decreased by 15.95%. Conclusion: The construction of the stand cross-sectional area model with climate effects indicates that climate has a significant influence on stand growth, which supports the rationality of considering climate factors in the growth model, and it is important for the regional stand growth harvest and management of cedar while improving the accuracy and applicability of the model.

The aim of this study is to examine the relationship between Environmental, Social and Governance (ESG) activities and the performance of Thai listed firms. The moderating roles of board size and CEO duality on this relationship are also assessed. The ESG score provided by LSEG (formerly Refinitiv) is chosen to measure ESG activities, both as an overall ESG combined scores and as Environment, Social, and Governance pillar scores. Multiple regression analysis is used to test the impact of ESG on firm performance while the PROCESS macro is used to test the moderating effects. Results reveal that the overall ESG combined score demonstrates no statistically significant effect on firm market-based performance. However, it shows the significant effects on firm performance for both the ESG combined score and the Environmental and Social pillar scores when moderated by board size and CEO duality; Governance pillar score exhibits no significant effect. Additionally, it is found that when the CEO operates only as the managing director and small board size and average board size are evident, higher ESG disclosure scores enhance firm performance. However, when the CEO serves as both managing director and chairman of the board of directors, and where there is a large board size, higher ESG disclosure scores diminish firm performance. This study contributes to the ESG literature and encourages companies to enhance their performance by implementing ESG combined activities with good governance policies.