scholarly journals ARE THE IMPLICATIONS OF THE FINANCIAL GROWTH CYCLE CONFIRMED FOR SPANISH SMES?

2012 ◽  
Vol 13 (4) ◽  
pp. 637-665 ◽  
Author(s):  
Javier Sánchez-Vidal ◽  
Juan Francisco Martín-Ugedo
Keyword(s):  
Trade Credit ◽  
Growth Cycle ◽  
The Other ◽  
Short Term ◽  
Pecking Order ◽  
Long Period ◽  
Other Hand ◽  
Financial Growth ◽  
Manova Analysis ◽  
Empirical Implications

The aim of this paper is to analyze whether some of the empirical implications of the financial growth cycle hold in a sample of Spanish SMEs. We use a sample of 5,944 observations for the year 2007 and test several hypotheses using MANOVA analysis. The results show that companies tend to have different financing structures depending on their age and size. Hypotheses about trade credit, short term debt and risk are confirmed with respect to age, as the younger companies tend to use proportionally more trade credit and short term debt, and are riskier. Size is also associated in the expected way with trade credit, relative trade credit and relative short-term financial debt. On the other hand hypotheses about equity and the financing deficit are not confirmed. The effect of a pecking order behaviour over a long period of time may provide an explanation of why these two hypotheses are not confirmed.

EFFECT OF ACTINOMYCIN D ON TSH-INDUCED STIMULATION OF THYROIDAL PROTEIN SYNTHESIS IN THE RAT

1974 ◽  
Vol 77 (1) ◽  
pp. 64-70 ◽  
Author(s):  
Gustav Wägar
Keyword(s):  
Protein Synthesis ◽  
Actinomycin D ◽  
The Other ◽  
Leucine Incorporation ◽  
Short Term ◽  
Other Hand ◽  
Thyroid Glands ◽  
Translational Level ◽  
Stimulation Of

ABSTRACT Whether the short-term regulation of thyroidal protein synthesis by TSH occurs at the transcriptional or the translational level was tested by measuring the effect of actinomycin D (act D) on the TSH-induced stimulation of L-14C-leucine incorporation into the thyroidal proteins of rats. TSH was injected 6 h before the rats were killed. The thyroid glands were then removed and incubated in vitro in the presence of L-14C-leucine for 2 h. The pronounced stimulation of leucine incorporation in the TSH-treated animals was depressed as compared with controls but still significant even when the animals had been pre-treated with 100 μg act D 24 and 7 h before sacrifice. On the other hand, act D strongly decreased incorporation of 3H-uridine into RNA. Short-term regulation of thyroidal protein synthesis by TSH appears to be partly but not wholly dependent on neosynthesis of RNA. Hence regulation may partly occur at the translation level of protein synthesis.

LEGAL BASIS FOR TEMPORARY EMPLOYMENT

2021 ◽  
Vol specjalny (XXI) ◽  
pp. 275-285
Author(s):  
Ludwik Florek
Keyword(s):  
Temporary Employment ◽  
Employment Relationship ◽  
The Other ◽  
Legal Basis ◽  
Short Term ◽  
Employment Agency ◽  
Other Hand

Temporary employment is based on a modified employment relationship. Its essence is to recognize the entity using the employee’s work as the employer user. This allows him to be relieved of some of the duties of the employer who takes over the temporary employment agency. This makes it easier for employers to hire an employee in the short term. This also creates additional jobs. On the other hand, this entails the development of a legal basis for such employment. There may also be doubts as to who is in charge of certain obligations of the employer.

The Qualitative Relationship Between Banks and SMEs in Wales

2017 ◽  
pp. 86-110
Author(s):  
Atsede Woldie ◽  
Hooman Hagshenas ◽  
Brychan Celfyn Thomas
Keyword(s):  
Asymmetric Information ◽  
Small Businesses ◽  
Order Theory ◽  
The Other ◽  
Pecking Order ◽  
Pecking Order Theory ◽  
External Finance ◽  
Other Hand ◽  
Qualitative Relationship

A long-term or close and intense relationship with banks could help overcome the main problems like asymmetric information. Using collateral is another way to overcome the effects of asymmetric information. The findings show that having collateral does not reduce loan costs, and on the other hand it will increase the availability of finance for small businesses. In general, small businesses use pecking order theory in choosing their formal sources of finance. Because of their lack of knowledge, they are not completely aware of available sources of finance. Banks are the first and most important external finance provider for small businesses, so having a good long-term relationship with banks can help them to overcome problems like asymmetric information, which would influence their access to more finance. Collateral is the other way to access more finance and it can help small businesses in their relationship with banks, especially in a period of unsustainability to reduce the risks for banks.

The Young Egypt Party

1953 ◽  
Vol 15 (1) ◽  
pp. 161-164 ◽  
Author(s):  
J. M. Landau
Keyword(s):  
Nineteenth Century ◽  
Political Parties ◽  
The Other ◽  
National Party ◽  
Long Period ◽  
Political Ideas ◽  
Other Hand ◽  
Army Officers ◽  
Origins Research ◽  
Secret Organization

The scarceness of published material renders difficult a true estimate of the development of political ideas in Egypt in the nineteenth century. Nor is it any less difficult to trace the origins of the first political parties.The Arabi Rebellion of 1881-1882 was preceded by a long period of unrest, which finally crystallized in a self-styled National Party. This faction, led by army officers and civilians, kept its secret character for a few years, coming into the open only at the beginning of the Arabi Rebellion. Its importance in the anti-foreign struggle, however, has drawn attention to its humble but interesting origins. Research has provided us with fairly adequate, if still incomplete, material on this point. But hardly anything has been published, on the other hand, about another secret organization of that time, called ‘Young Egypt’.

“Unity of Religious History” and “Universal Self-Consciousness”: Leading Concepts or Mere Horizons on the Way Towards a World Theology?

1988 ◽  
Vol 81 (4) ◽  
pp. 431-444
Author(s):  
Michael Welker
Keyword(s):  
Religious History ◽  
The Other ◽  
Ideal Case ◽  
Theoretical Orientations ◽  
Long Period ◽  
Other Hand ◽  
The World ◽  
The Ideal ◽  
The Way

It is a familiar fact that it is difficult for revolutionary “worldviews” to gain recognition and acceptance. The most successful way to overcome this problem was termed by Hegel Aufhebung. In the ideal case envisaged by Hegel, Aufhebung says that the new “worldview,” or the theory which articulates that worldview, reconstructs within itself elements of the old perspective on the world, together with a critique of that perspective. However, the preservation of old worldviews in new theories can also take a more straightforward form. Only rarely do new worldviews emerge thoroughly developed. As a rule they continue to employ numerous leading concepts which belong to the older tradition. Only after a relatively long period of time are the old leading concepts replaced or reformulated—or, on the other hand, is the new theory withdrawn. We are well acquainted with such a course of events. But that does not prevent us from living de facto with theoretical orientations towards the world which represent mixed forms of old and new theories. We simultaneously employ new perspectives and old observations, new forms of thought and old theses. We think that we can enjoy the new cake and still eat the old one. This situation usually leads us to form an unrealistic picture of the power of the newer worldview. We fail to recognize the fact that new worldviews, as a rule, substantially overextend their credit. The dangers of granting too much credit to these new conceptions are seldom seen clearly and are often underestimated.

Liberal Colonialism? Israel’s 2013 Elections and the “Ethnocratic Bubble”

2013 ◽  
Vol 42 (3) ◽  
pp. 48-67 ◽  
Author(s):  
Oren Yiftachel
Keyword(s):  
Public Opinion ◽  
Prime Minister ◽  
The Other ◽  
Short Term ◽  
Quarter Century ◽  
Other Hand ◽  
First Time ◽  
Public Opinion Polls ◽  
Opinion Polls ◽  
Ruling Party

Israel’s 2013 Knesset elections, in which the incumbent ruling party was returned to power for the first time in a quarter-century, were noteworthy in several respects. The basic divisions of Israeli politics into geopolitical and socioeconomic blocs were unchanged, only small electoral shifts being registered. On the other hand, as this report shows, Prime Minister Benjamin Netanyahu barely achieved an electoral victory despite his overwhelming preponderance in public-opinion polls. Due to the rise of the new, personality-driven Yesh Atid party and the latter’s unlikely alliance with the settler-based Jewish Home, which together garnered as many Knesset seats as the winning Likud-Yisrael Beitenu list, for the first time in decades ultra-Orthodox parties were excluded from the governing coalition. The elections were marked by the near-invisibility of the Palestinian issue and Palestinian citizens of Israel. The report concludes that the continuing governing consensus in favor of “liberal colonialism” is unsustainable, although exploiting the “cracks” in that consensus is difficult and unlikely in the short term.

scholarly journals Scandal, Protection, and Recovery in the Cabinet

2007 ◽  
Vol 101 (1) ◽  
pp. 63-77 ◽  
Author(s):  
TORUN DEWAN ◽  
DAVID P. MYATT
Keyword(s):  
Empirical Evidence ◽  
Prime Minister ◽  
The Other ◽  
Short Term ◽  
Other Hand ◽  
Collective Reputation ◽  
Political Scandals

Empirical evidence suggests that a prime minister benefits from firing ministers who are involved in political scandals. We explore a model in which scandals are positively related to policy activism, so that a prime minister may wish to protect a minister from resignation calls. We find that protection can sometimes discourage activism: it enhances the value of a minister's career and hence encourages him to “sit tight” by moderating his activities. On the other hand, an exogenous increase in exposure to scandals may lead a minister to “live for today” by pursuing controversial policies. The prime minister's ability to protect ministers is limited by her short-term incentive to fire. She may, however, enhance her credibility by building a collective reputation with the cabinet; the heterogeneity of cabinet membership plays an important role.

scholarly journals THE IMPORTANCE OF RAW MATERIALS INVENTORY SUPERVISION FOR PRODUCTION PROCESS

2016 ◽  
Vol 1 (1) ◽  
pp. 53-60
Author(s):  
Bina Andari
Keyword(s):  
Theoretical Analysis ◽  
Production Process ◽  
Inventory Control ◽  
Raw Materials ◽  
Good Control ◽  
The Other ◽  
Long Period ◽  
Production Processes ◽  
Other Hand ◽  
Unstable Product

This paper  describes the importance of the raw materials Inventory supervision for production process. The concepts described in this paper was studied using the descriptive theoretical analysis. It is concluded that (1)  Raw Materials Inventory control is highly needed by both small and big companies to take care of the production process stabilization; (2) The production process will find problems when there is no good control of the Inventory. This causes anstable production process effecting finnace of the companies. The long period of materials inventory causes campany loss. On the other hand, small amount of inventory will also cause the production processes stop. Such situation will also influence marketting and the supply to the consumers; (3) Unstable producation process will cause unstable product supply in the market, and (4) To ensure that the consumers’ needs are continuously completed, control of the raw materials inventory needs to be done and maintained.   

scholarly journals Μυθολογικές μορφές στα νομίσματα της Πολυρρήνιας και της Φαλάσαρνας, δύο όμορων αρχαίων πόλεων της Δυτικής Κρήτης

2020 ◽  
pp. 395-415
Author(s):  
Emmanouil Marinakis ◽  
Keyword(s):  
Economic Growth ◽  
The Other ◽  
Long Period ◽  
Other Hand ◽  
Two Cities

Polyrrhenia and Phalasarna were both the most powerful ancient towns in the western part of Crete. The first was built on the mainland, whereas the second was a harbour town. The major political, military and economic growth for both towns maintained from the 4th century BC onwards, when their coinage flourished too, as it is also attested to other Cretan towns. Polyrrhenia had used various coin types, in silver and bronze, for a long period of time (4th - 1st century BC.), having as prominent deities, Zeus, Artemis, Hera and Apollo. On the other hand, Phalasarna retains the same coin types in silver (Head of female goddess / Trident, as symbol of Poseidon and of maritime power) for a shorter period (4th - 3rd century BC). The relief from the sanctuary of Dictynna is a very important document, because it depicts the two patron goddesses respectively. They are presented full-bodied and standing, accompanied with their symbols, in a gesture of handshaking, as a sign of the alliance between the two cities.

scholarly journals Beggars, scammers, discriminated against by the whole of Europe: Romania’s Roma in Finnish tabloids, 2008-2011

2012 ◽  
Vol 4 (2) ◽  
pp. 87-109 ◽  
Author(s):  
Kari Alenius
Keyword(s):  
The Other ◽  
Significant Part ◽  
Radical Right ◽  
Recent Case ◽  
Short Term ◽  
Host Countries ◽  
Other Hand ◽  
The Stability ◽  
Critical Perspectives

The unrestricted movement of EU citizens from one country to another has been one of the fundamental principles of the Union. On the other hand, this issue has also attracted criticism, particularly from the radical right and so-called populist parties, or the supporters of these movements. Part of the population of Europe regards immigration and the unrestricted movement of people as a threat to the stability and prosperity of their own society. Through these critical perspectives, permanent immigration is viewed as a larger problem, as its effects on the host countries are more permanent than in the case of temporary residence. Through the same perspectives, the short-term but uncontrolled stay of foreigners is often linked to crime. This study concentrates on what kind of image a significant part of the Finnish media has given of a recent case of the foreigners that have attracted large attention in the country.

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