scholarly journals A New Approach for Risk of Corporate Bankruptcy Assessment during the COVID-19 Pandemic

2021 ◽  
Vol 14 (12) ◽  
pp. 590
Author(s):  
Katarzyna Boratyńska
Keyword(s):  
Risk Factors ◽  
Qualitative Comparative Analysis ◽  
Fragile States ◽  
Economic Decline ◽  
Corporate Bankruptcy ◽  
Demographic Pressure ◽  
New Approach ◽  
Eu Countries ◽  
Sets Theory ◽  
Practical Recommendations

The consequences of COVID-19 will aggravate existing multidimensional risks and reveal new ones. The research gap allows contributing to recognizing the exogenous risk factors of corporate bankruptcy during the COVID-19 pandemic in EU countries. This study aims at revealing how to evaluate the risk of corporate bankruptcy phenomenon in the COVID-19 times. The question arises as to whether Schumpeter’s creative destruction approach is still accurate. The article concentrates on implementing the fsQCA (fuzzy set Qualitative Comparative Analysis) method to identify and evaluate the main exogenous drivers of corporate bankruptcy in EU countries based on Fragile States Index data. This new approach focuses on fuzzy sets theory. The fsQCA method is a globally recognized alternative to quantitative analysis (in which the causal complexity is ignored) and qualitative methods for examining individual cases (which do not have the tools to generalize on their basis). The research indicates and examines the main external factors that would increase the risk of corporate bankruptcy in EU countries: namely, economic decline, uneven economic development, unemployment rate, demographic pressure, and government debt. The study discusses the influence of zombie companies on economies during the COVID-19 pandemic. Identifying risk factors that determine the threat of corporate bankruptcy may constitute practical recommendations for business and restructuring practitioners, financial institutions, and banking and public sector representatives in creating warning and recovery measures during the COVID-19 pandemic.

scholarly journals Configuration-Based Promotion: A New Approach to Destination Image Sustainability

2021 ◽  
Vol 13 (21) ◽  
pp. 12174
Author(s):  
Yanan Li ◽  
Honggen Xiao ◽  
Naipeng Bu ◽  
Jianji Luo ◽  
Hui Xia ◽  
...  
Keyword(s):  
Comparative Analysis ◽  
Fuzzy Set ◽  
Qualitative Comparative Analysis ◽  
Destination Image ◽  
Logical Thinking ◽  
Analysis Method ◽  
Entire Region ◽  
Tourist Destination ◽  
New Approach ◽  
Tourism Image

The assessment of tourist destination images should not only be the arrangement of multiple influencing factors. This study explores the complex causal relationship for tourist destination images based on a configuration perspective to enhance the overall tourism image using the fuzzy-set qualitative comparative analysis method. The configurational paths for promoting tourism image can be categorized into two types and nine configurations in Shandong Province. Therefore, this study recommends augmenting the tourism image of the entire region with the logical thinking of “segmentation–integration” and “enhancing strengths–supplementing weakness” and finally realizing a sustainable tourist destination image.

scholarly journals The Theory of the Integrated Library and Information Systems Development in “Science towns” (“Naukograd”)

2011 ◽  
pp. 43-47
Author(s):  
Valerii V. Stupkin
Keyword(s):  
Information Systems ◽  
General Framework ◽  
Transition Process ◽  
Systems Development ◽  
Information Design ◽  
Information Systems Development ◽  
New Approach ◽  
Information Characteristics ◽  
The Impact ◽  
Practical Recommendations

The article is devoted to the urgency and necessity of developing the theoretical base and practical recommendations for construction of the integrated library and information systems in science towns (ILIS “Science Town”). It describes the general framework of the information design model. The new approach to research of transition process from traditional libraries cooperation and information services to their alliance, based on the analysis of the impact the interacting elements have on changing the set of their properties and information characteristics.

scholarly journals Socio-economic viability of public management in the context of European integration processes

2020 ◽  
Vol 1 (35) ◽  
pp. 139-152
Author(s):  
Irina KOSACH ◽  
Anastasiia DUKA ◽  
Grygoriy STARCHENKO ◽  
Olena MYHAYLOVSKA ◽  
Artur ZHAVORONOK
Keyword(s):  
European Integration ◽  
Public Management ◽  
Public Institutions ◽  
Practical Significance ◽  
Economic Viability ◽  
Fragile States ◽  
The European Union ◽  
Eu Countries ◽  
Starting Point ◽  
The Relationship

The European Union forms new requirements for the efficiency of public institutions and the gradual transformation of public management. The relationship between the viability of public management to solve internal problems and the dynamics of socio-economic development is obvious. So, the evaluation of the viability of public institutions’ actions related to the socio-economic processes in any country has theoretical and practical significance. The purpose of our study is to assess the socio-economic viability of public management in the context of European integration processes. Within the article, a comprehensive study of the public management viability in EU countries is presented. The specificity of the study is to assess the socio-economic viability of public management on the basis of economic and social indicators of EU countries. According to the overview of scientific works it is a need to use a comprehensive indicator of public management viability evaluation. So, the considerable attention is paid to the deepening of methodical aspects of public management effectiveness on the basis of multicriteria methods. The result of the study is the calculation of the Socio-Economic Viability Index of Public Management. The obtained results prove the relationship between the SocioEconomic Viability Index of Public Management and the progress of economic reforms in the EU, with the possibility of appropriate conclusions for countries to identify strengths and weaknesses, justify priorities and means to achieve them in the context of European integration. These conclusions can be used as a starting point to assess the relationship between the level of development of the European country and the quality of its public management. The study confirmed the thesis on the correlation between the SocioEconomic Viability Index of Public Management and Happy Planet Index, The Global Competitiveness Index, Corruption Perceptions Index, Fragile States Index and сonfirm the possibility of using this indicator to assess public management quality in EU countries.

Aid Effectiveness

2020 ◽  
pp. 77-104
Author(s):  
Constantine Michalopoulos
Keyword(s):  
Poverty Reduction ◽  
Democratic Republic ◽  
Democratic Republic Of Congo ◽  
Aid Effectiveness ◽  
Development Cooperation ◽  
Fragile States ◽  
Partner Country ◽  
Republic Of Congo ◽  
New Approach ◽  
Bilateral Assistance

This chapter starts with a description of some of the specific steps the Utstein group took to streamline their aid procedures in order to reduce the burdens imposed on partner countries and increase effectiveness in the implementation of their bilateral assistance programmes. This is followed by a similar discussion of U4 efforts to help improve the effectiveness of EU aid in which three of the four ministers were involved. The chapter then turns to a discussion of the U4 aid to Tanzania which four of them visited in 2000 as a showcase of what they had been advocating. They spread their message about a new approach to development cooperation in which the partner country is in the driver’s seat by organizing so called ‘Big Tables’ with African leaders (including Ministers of Finance) that permitted a frank exchange of views on ways to make aid more effective in achieving poverty reduction. The final part of the chapter reviews U4’s support to fragile states, focusing on their joint efforts in several countries, including the Democratic Republic of Congo, Sierra Leone, and Sudan.

Venous Thromboembolic Diseases

2014 ◽  
pp. 346-355
Author(s):  
Gregory Piazza ◽  
Samuel Z. Goldhaber
Keyword(s):  
Risk Factors ◽  
High Risk ◽  
Risk Stratification ◽  
Laboratory Testing ◽  
Clinical Findings ◽  
Venous Thromboembolic ◽  
Long Term Consequences ◽  
Practical Recommendations

This chapter reviews the pathophysiology of VTE, including its risk factors and long-term consequences. Diagnostic algorithms that integrate clinical findings, laboratory testing, and imaging are described. The role of risk stratification for identification of high-risk PE patients is highlighted. Options for the management of VTE are reviewed. Finally, practical recommendations for the prevention of VTE are provided.

scholarly journals Financial Participation In Poland In Comparison To Other EU Countries

2015 ◽  
Vol 18 (3) ◽  
pp. 59-79
Author(s):  
Maciej Kozłowski
Keyword(s):  
Private Property ◽  
New Approach ◽  
Eu Countries ◽  
Economic Significance ◽  
Polish Economy ◽  
The Right ◽  
Financial Participation

The success of the profound restructuring changes in the Polish economy depended mainly on the effectiveness of the reforms concerning the restructured properties in all sectors. This required a new approach to private property, determining the new role and place of employees in the process of changes and forming employee companies. Employee companies were formed as a result of direct privatization, so-called liquidation, when the equity of the enterprise is handed over for use with the right to the repurchase by the majority of employees of the established company (leasing). Prior to this privatization it was necessary to convince employees to purchase shares. One should keep in mind that this method turned out to be effective with respect to small and medium-sized enterprises, which didn't require the great financial outlays which were necessary for the privatization of larger companies. Initially it may be said that the conditions for implementing new solutions increasing the participation of employees in ownership, or their participation in other financial programs, are not very favourable. It is even possible to formulate the thesis that in Polish enterprises and amongst employees, peculiarly at the workshop level, there was an awareness barrier, which has made the process of further democratic changes rather difficult. Breaking this barrier can only take place after a certain time, when the employee as an owner begins to understand the economic significance of a dividend, picks up the habit of thinking in categories of an increase in goodwill, and realizes that this is transferred directly into an increase in the value of his or her assets.

scholarly journals Lifestyle Risk Factors for Type 2 Diabetes Mellitus and National Diabetes Care Systems in European Countries

Nutrients ◽  
2020 ◽  
Vol 12 (9) ◽  
pp. 2806
Author(s):  
Emma Altobelli ◽  
Paolo Matteo Angeletti ◽  
Valerio F. Profeta ◽  
Reimondo Petrocelli
Keyword(s):  
Risk Factors ◽  
Prevalence Rate ◽  
Physical Inactivity ◽  
Multiple Correspondence Analysis ◽  
Health Planning ◽  
Prevalence Rates ◽  
Eu Countries ◽  
Lifestyle Risk Factors ◽  
Lifestyle Risk

Background. Diabetes is increasing by 3.09% per year in males and 1.92% in females. Lifestyle risk factors are related to diabetes. The aim of this work is to highlight within EU-28 countries the distribution percentages of some lifestyle risk factors and some components of diabetes health care. Methods. A literature search was conducted to highlight the presence of diabetes registries, which are fundamental tools for disease surveillance and health planning; the presence of a national diabetes plan (NDP); the care setting; and methods used for reimbursement of drugs, devices, and coverage of any comorbidities associated with diabetes. A multiple correspondence analysis (MCA) was carried out to evaluate the possible associations between the variables considered. Results. The highest percentages of diabetes (>10%) are registered in Bulgaria, Malta, and Hungary. Concerning the prevalence of overweight, no European country shows overall percentages of less than 50%. Regarding obesity, 57% of countries show prevalence rates of 25%. The record for physical inactivity belongs to Malta, with 45% of individuals being inactive. The percentage of physical inactivity for females is higher than for males across Europe. In total, 57% of the countries have an insurance-based health system, while 12 countries have public national health systems. Further, 57% of countries have an NDP, while 42% of the EU countries have established a prevalence register for diabetes. Conclusions. Prevalence rates for type 2 DM in the range of 8–9% are noted in 50% of EU-28 countries. In total, 21 out of EU countries show a high prevalence rate for overweight, while 7% of EU-28 countries have an obesity prevalence rate of 25%. Diabetes treatment is entrusted to general practitioners in most countries. The results of this work highlight the differences between countries, but also between genders.

scholarly journals A New Approach to Risk Attribution and Its Application in Credit Risk Analysis

Risks ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 65
Author(s):  
Christoph Frei
Keyword(s):  
Risk Factors ◽  
Risk Analysis ◽  
Credit Risk ◽  
Driving Factors ◽  
New Approach ◽  
Risk Decomposition ◽  
Risk Attribution ◽  
Credit Risk Analysis ◽  
A Company ◽  
Over Time

How can risk of a company be allocated to its divisions and attributed to risk factors? The Euler principle allows for an economically justified allocation of risk to different divisions. We introduce a method that generalizes the Euler principle to attribute risk to its driving factors when these factors affect losses in a nonlinear way. The method splits loss contributions over time and is straightforward to implement. We show in an example how this risk decomposition can be applied in the context of credit risk.

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