This research inquiry analyzed the association between corporate governance and firm performance through the mediating role of financial leverage based on panel data of 2568 firms during the period from 2002 to 2017. The study uses a two-step dynamic panel as well as a generalized method of moments (GMM) to estimate these relationships. The findings demonstrated financial leverage mediates the relationship between corporate governance and firm performance in the context of developed economies, and also in emerging economies. Additionally, firm performance is negatively associated with corporate governance through excessive leverage. The study suggests it is the responsibility of the board to use low financial leverage to enhance firm performance. In emerging countries, firms with a large-sized board use low leverage, whereas in developed countries, firms with a small-sized board use low leverage to enhance corporate performance.
Contrary to normal materials, the auxetic/meta‐materials expand transversally as well as longitudinally when subjected to longitudinal load and contract in both directions on compression. In this work, auxeticity is obtained in composites reinforced with carbon woven fabrics placed at certain angles. The auxetic effect on the mechanical properties of the prepared carbon/epoxy composites was investigated. The mechanical properties include the tensile, flexural and impact properties. It is found that the tensile properties are not affected by the auxetic effect; however, the flexural and impact properties are significantly enhanced by the auxetic effect.
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