The Impact of Governance Institutions on IPO Firm Underpricing and Cost of Equity in North Africa

2011 ◽  
Author(s):  
Bruce Allen Hearn
Keyword(s):  
North Africa ◽  
Cost Of Equity ◽  
Governance Institutions ◽  
The Impact

The Impact Of Financial Sector Development On Economic Growth In The Middle East And North Africa

2019 ◽  
pp. 81
Author(s):  
محمد سعيد محمود بللور ◽  
عامر عبدالفتاح زكريا باكير
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development ◽  
The Impact

Chasing the phantom: biogeography and conservation of Vipera latastei-monticola in the Maghreb (North Africa)

2018 ◽  
Vol 39 (2) ◽  
pp. 145-161 ◽  
Author(s):  
Inês Freitas ◽  
Soumia Fahd ◽  
Guillermo Velo-Antón ◽  
Fernando Martínez-Freiría
Keyword(s):  
North Africa ◽  
Habitat Degradation ◽  
Conservation Status ◽  
Western Mediterranean ◽  
Niche Modelling ◽  
Habitat Transformation ◽  
Mountain Ranges ◽  
Management Actions ◽  
Suitable Space ◽  
The Impact

Abstract The Maghreb region (North Africa) constitutes a major component of the Mediterranean Basin biodiversity hotspot. During the last centuries, a consistent human population growth has led to an unprecedented rate of habitat transformation and loss in the region and thus, threatening its biodiversity. The Western Mediterranean viper Vipera latastei-monticola inhabits humid and subhumid areas in the main mountain ranges of the Maghreb, facing such threatening factors; however, its elusive character and rarity hindered data collection for distinct biological purposes. Here, we study the biogeographical patterns and conservation status of the Maghrebian V. latastei-monticola resulting from recent sampling campaigns in Morocco and Tunisia. We update species distribution, and integrate phylogeographic and ecological niche modelling analyses at both species and lineage level to identify suitable areas, and to evaluate the impact of anthropogenic transformation and level of protection of their suitable space. We identified four highly divergent mitochondrial lineages, including a new lineage endemic to the Western High Atlas, with allopatric distributions and restricted to mountain ranges, supporting the role of mountains as past climatic refugia. Despite the remoteness of suitable areas, we report widespread habitat degradation and identify the low effectiveness of the current protected areas system in preserving the species and lineages range. Our study shows the urgent need to apply management actions for the long-term conservation of this vulnerable species and suggests a revaluation of the specific status of V. monticola, as these populations likely represent an ecotype of V. latastei.

scholarly journals Influence of COVID-19 on lifestyle behaviors in the Middle East and North Africa Region: a survey of 5896 individuals

2021 ◽  
Vol 19 (1) ◽  
Author(s):  
Mohamed Abouzid ◽  
◽  
Dina M. El-Sherif ◽  
Nael Kamel Eltewacy ◽  
Nesrine Ben Hadj Dahman ◽  
...  
Keyword(s):  
Social Media ◽  
Middle East ◽  
Food Consumption ◽  
North Africa ◽  
Fast Food ◽  
Online Survey ◽  
Eating Habits ◽  
Lifestyle Behaviors ◽  
Mena Region ◽  
The Impact

Abstract Background Coronavirus disease (COVID-19) pandemic has affected health and lifestyle behaviors of people globally. This project aims to identify the impact of COVID-19 on lifestyle behavior of individuals in the Middle East and North Africa (MENA) region during confinement. Methods We conducted an online survey in 17 countries (Egypt, Jordan, United Arab Emirates, Kuwait, Bahrain, Saudi Arabia, Oman, Qatar, Yemen, Syria, Palestine, Algeria, Morocco, Libya, Tunisia, Iraq, and Sudan) from the MENA region on August and September 2020. The questionnaire included self-reported information on lifestyle behaviors, including physical activity, eating habits, smoking, watching television, social media use and sleep before and during the pandemic. Logistic regression was performed to analyze the impact of COVID-19 on lifestyle behaviors. Results A total of 5896 participants were included in the final analysis and 62.8% were females. The BMI of the participants was 25.4 ± 5.8 kg/m2. Around 38.4% of the participants stopped practicing any physical activities during the confinement (P < 0.001), and 57.1% reported spending more than 2 h on social media (P < 0.001). There were no significant changes in smoking habits. Also, 30.9% reported an improvement in their eating habits compared with 24.8% reported worsening of their eating habits. Fast-food consumption decreased significantly in 48.8% of the study population. This direct/indirect exposure to COVID-19 was associated with an increased consumption of carbohydrates (OR = 1.09; 95% CI = 1.02–1.17; P = 0.01), egg (OR = 1.08; 95% CI = 1.02–1.16; P = 0.01), sugar (OR = 1.09; 95% CI = 1.02–1.16; P = 0.02), meat, and poultry (OR = 1.13; 95% CI = 1.06–1.20; P < 0.01). There was also associated increase in hours spent on watching television (OR = 1.07; 95% CI = 1.02–1.12; P < 0.01) and social media (OR = 1.09; 95% CI = 1.01–1.18; P = 0.03). However, our results showed a reduction in sleeping hours among those exposed to COVID-19 infection (OR = 0.85; 95% CI = 0.77–0.94; P < 0.01). Conclusions The COVID-19 pandemic was associated with an increase in food consumption and sedentary life. Being exposed to COVID-19 by direct infection or through an infected household is a significant predictor of amplifying these changes. Public health interventions are needed to address healthy lifestyle behaviors during and after the COVID-19 pandemic.

scholarly journals Modeling climate-vegetation interactions during the last interglacial: The impact of biogeophysical feedbacks in North Africa

2020 ◽  
Vol 249 ◽  
pp. 106609
Author(s):  
Huan Li ◽  
Hans Renssen ◽  
Didier M. Roche
Keyword(s):  
North Africa ◽  
Last Interglacial ◽  
Biogeophysical Feedbacks ◽  
The Impact

Whose risk? Bank de-risking and the politics of interpretation and vulnerability in the Middle East and North Africa

2021 ◽  
pp. 1-16
Author(s):  
Sherine El Taraboulsi-McCarthy
Keyword(s):  
Political Economy ◽  
High Risk ◽  
Middle East ◽  
Money Laundering ◽  
North Africa ◽  
Civil Society Organizations ◽  
Negative Consequences ◽  
Local Authorities ◽  
The Impact ◽  
Politics Of Interpretation

Abstract Following the events of 11 September 2001, measures aimed at countering the financing of terrorism (CFT) were intensified by States. Many countries around the world adopted strict anti-money laundering and CFT regulations for the transfer of funds globally. This process increased the costs of complying with regulatory requirements and imposed high penalties on banks for non-compliance. As a result, preventive measures – often known as “de-risking” – were taken up by banks, including terminating the accounts of clients perceived as “high-risk” for money laundering or terrorist financing, and delaying transfers. These measures, however, have had negative consequences, reducing financial access for local civil society organizations in conflict-affected contexts that are deemed high-risk for terrorist activities. Drawing on five years of research to understand the impact of de-risking on conflict-affected contexts from a local perspective, this paper reflects on the local political economy of CFT, with a focus on the Middle East and North Africa. It explores two key areas of inquiry. The first of these is the politics of interpretation – how counterterrorism as a discourse and a set of practices, of which CFT is one, gets interpreted by local authorities and banks, and subsequently gets reinterpreted to the population. This also has implications for which local actors are better positioned to access funds than others, and why. The second area of inquiry is the politics of vulnerability – how the local political economy impact of CFT can increase the social and economic vulnerabilities of some groups more than others. This paper demonstrates that under the guise of “counterterrorism”, local authorities in conflict-affected contexts have used CFT to restrict the non-profit and philanthropic space and are using banking regulations to shape that space in ways that are bound to have negative medium- and long-term implications for it.

The meta-geography of the Middle East and North Africa in Turkey’s new geopolitical imagination

2013 ◽  
Vol 44 (5-6) ◽  
pp. 431-448 ◽  
Author(s):  
Aylin Güney ◽  
Nazif Mandacı
Keyword(s):  
Middle East ◽  
North Africa ◽  
Arab Spring ◽  
Critical Geopolitics ◽  
Syrian Crisis ◽  
Security Practices ◽  
Before And After ◽  
The Arab Spring ◽  
The Impact ◽  
Geopolitical Imaginations

This article critically analyses Turkish security discourses connected to the meta-geography of the Broader Middle East and North Africa (BMENA) before and after the developments of the Arab Spring. A critical geopolitics approach and critical security theories in international relations provide the theoretical framework, as security discourses are considered to be a product of geopolitical imaginations and codes that, in turn, shape the making of foreign and security policies. First, the article examines the invention of BMENA as a meta-geography within Turkey’s new geopolitical imagination, as well as the new geopolitical codes underlying the new security discourses. Then, the article assesses the impact of the Arab Spring, which led to major changes in Turkey’s newly established geopolitical codes, formulated in the pre-Arab Spring period, and analyses the ruptures and continuities in Turkey’s security discourses in the light of those developments. Finally, the article concludes that the Arab Spring, especially the Syrian crisis, shifted the focus of Turkey’s foreign policy in BMENA from cooperation to conflict. This has led to a resecuritization of Turkey’s geopolitical codes, discourses and security practices in the region, revealing the limitation of Turkey’s current geopolitical imagination.

scholarly journals The Effect of Chief Executive Officer Dominance and Shareholder Rights on Cost of Equity Capital in Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 84-93
Author(s):  
Yawar Miraj Khilji ◽  
Shehzad Khan ◽  
Muhammad Faizan Malik
Keyword(s):  
Chief Executive Officers ◽  
Stock Exchange ◽  
Chief Executive ◽  
Fixed Effect Model ◽  
Equity Capital ◽  
Shareholder Rights ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Firm Level ◽  
The Impact

This Research explores the effect of Chief executive Dominance and Shareholder rights on Cost of equity of listed companies in an emerging equity market, Pakistan. The research is for the period of 2012 to 2018 for which firm level data of top 100 non-financial listed firms from Pakistan Stock Exchange has been examined by using descriptive statistics, a correlation -matrix, Pooled OLS and Fixed Effect Model approach. The impact of controlled variables which includes firm size, Financial Leverage, and Book to market ratio influence on the firms cost of equity has also been investigated. Research results indicate that when Chief executive officers align their interest with that of shareholders, the risk of agency problem is mitigated thus leading to lower cost of equity.

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