The Resolution of Insolvency in Cameroon

2019 ◽  
pp. 174-190
Author(s):  
Ngaundje Doris Leno
Keyword(s):  
Poor Performance ◽  
Legal Framework ◽  
Borrowing Costs ◽  
Going Concern ◽  
Doing Business ◽  
The Poor ◽  
Distressed Firms

In a world driven by credit, a speedy resolution of insolvency will build predictability and commercial confidence among credit providers, resulting in increased credit and reduced borrowing costs, facilitating the resuscitation of viable businesses, thereby maximizing the going concern value and preserving jobs, and also benefit entrepreneurs and lower the rate of liquidation of distressed firms. With this, the chapter employs one argument that Cameroon has not registered a success in the resolution of insolvency. The purpose of this chapter, therefore, is to highlight and discuss the reasons behind the poor performance of the country in resolving insolvency. The value of this chapter lies in the contribution it makes in the understanding of the OHADA legal framework on insolvency and improvement of the country's performance in the Doing Business ranking on insolvency.

The Roma in Post-Communist Bulgaria: Growing Social Marginalization and State Policies

2020 ◽  
Vol 2 (1) ◽  
pp. 1-24
Author(s):  
Yorgos Christidis
Keyword(s):  
Political Parties ◽  
Social Exclusion ◽  
Hate Crime ◽  
Hate Speech ◽  
Poor Performance ◽  
State Policies ◽  
Social Marginalization ◽  
Popular Support ◽  
Economic Problems ◽  
The Poor

This article analyzes the growing impoverishment and marginalization of the Roma in Bulgarian society and the evolution of Bulgaria’s post-1989 policies towards the Roma. It examines the results of the policies so far and the reasons behind the “poor performance” of the policies implemented. It is believed that Post-communist Bulgaria has successfully re-integrated the ethnic Turkish minority given both the assimilation campaign carried out against it in the 1980s and the tragic events that took place in ex-Yugoslavia in the 1990s. This Bulgaria’s successful “ethnic model”, however, has failed to include the Roma. The “Roma issue” has emerged as one of the most serious and intractable ones facing Bulgaria since 1990. A growing part of its population has been living in circumstances of poverty and marginalization that seem only to deteriorate as years go by. State policies that have been introduced since 1999 have failed at large to produce tangible results and to reverse the socio-economic marginalization of the Roma: discrimination, poverty, and social exclusion continue to be the norm. NGOs point out to the fact that many of the measures that have been announced have not been properly implemented, and that legislation existing to tackle discrimination, hate crime, and hate speech is not implemented. Bulgaria’s political parties are averse in dealing with the Roma issue. Policies addressing the socio-economic problems of the Roma, including hate speech and crime, do not enjoy popular support and are seen as politically damaging.

Characteristics of international business development between ukraine and poland

2019 ◽  
pp. 28-35
Author(s):  
Viktoriia Makhovka ◽  
Olha Nesterenko
Keyword(s):  
European Union ◽  
Small Business ◽  
International Business ◽  
Legal Framework ◽  
Strategic Partnership ◽  
Economic Systems ◽  
The European Union ◽  
Doing Business ◽  
Modern Development ◽  
Trade And Investment

The essence of international business, its active development and expansion, that influence the integration of economic systems and intensification of business relations between countries, are considered. The attention is paid to the international market of the European Union, first of all to Polish-Ukrainian cooperation due to the modern development of international business. The importance of the development of trade and business between Ukraine and Poland is determined, taking into account close relations in the field of economy, politics, culture and historical connections. The legal framework between Ukraine and Poland is substantiated, which ensures the proper development of bilateral cooperation at the level of strategic partnership and emphasizes the presence of an active dialogue between countries. The main agreements between Ukraine and the European Union, which influence the economic cooperation between Ukraine and Poland, are considered, taking into account Polish membership in the EU. The implementation of special projects by the European Union to support the development of Polish-Ukrainian cooperation is determined. The increase of the intensity of economic exchange between Ukraine and Poland, the active development of trade and investment in various spheres of business and the growth of economic indicators are determined. The peculiarities of the development of the small business sector and its influence on the stabilization of socio-economic processes between European countries are substantiated, emphasizing Poland's experience in development of the small business as a driving force on the way to economic integration. The main aspects and characteristics of international business between Poland and Ukraine are determined and the main differences in doing business in these countries are revealed, emphasizing the perspectives of development.

Biomass Characterization in a Nitrification-Denitrification Biological Enhanced Phosphorus Removal (NDBEPR) Plant during Start-Up and Subsequent Periods of Good and Poor Phosphorus Removal

1994 ◽  
Vol 29 (7) ◽  
pp. 91-100 ◽  
Author(s):  
K. C. Lindrea ◽  
S. P. Pigdon ◽  
B. Boyd ◽  
G. A. Lockwood
Keyword(s):  
Phosphorus Removal ◽  
Poor Performance ◽  
Intracellular Distribution ◽  
Full Scale ◽  
Laboratory Scale ◽  
Plant Operation ◽  
The Poor ◽  
Start Up ◽  
Biomass Characterization

During commissioning and process stabilization of a NDBEPR plant at Bendigo intracellular distribution and movement of phosphorus, K+, Mg2+ and Ca2+ was followed to establish the nature of biomass development. The system was also monitored at the end of a period of breakdown of the BEPR process and during its return to phosphorus removal. Phosphorus (P) and Mg2+ distribution in the biomass were closely related during all phases of plant operation, and laboratory trials indicated that the poor performance of the full-scale plant was associated with seasonal reduction in influent Mg2+. Laboratory scale trials produced a similar effect when the influent Mg2+ was limited to concentrations much lower than those experienced in the full scale plant, but only after the Mg2+ and P reserves in the biomass were depleted. The distribution of P, K+, Mg2+ and Ca2+ in the biomass from the full scale plant was similar to that seen in the laboratory trials when cations in the feed were severely limited and recovery of the full scale plant also closely matched that of the laboratory scale system.

Trail Making Test Performance in Relation to Certain Experimenter, Test and Subject Variables

1964 ◽  
Vol 19 (1) ◽  
pp. 199-206 ◽  
Author(s):  
Oscar A. Parsons ◽  
Harriet I. Maslow ◽  
Freda Morris ◽  
J. Peter Denny
Keyword(s):  
Test Performance ◽  
Screening Test ◽  
Poor Performance ◽  
Trail Making Test ◽  
Psychiatric Disturbance ◽  
The Poor ◽  
Subject Variables ◽  
Trail Making ◽  
The Brain ◽  
Order Of Administration

The Trail Making Test, previously reported highly effective in differentiating brain-damaged from non-brain-damaged Ss, was administered to 21 brain-damaged Ss and 63 non-brain-damaged Ss. Since the latter Ss performed at a level indistinguishable from that of the brain-damaged Ss, several studies were designed in an attempt to “explain” the poor performance of the non-brain-damaged Ss. The possible effects of behavioral agitation, anxiety, examiner differences, facility with letters of the alphabet, order of administration, and ego-involvement were investigated. Only anxiety was found to be significantly related to performance. However, in other analyses age, education, vocabulary, and degree of psychiatric disturbance were significantly related to performance. Until these variables are considered in the scoring system, it seems unlikely that the TMT will be effective as a general screening test for brain-damage.

scholarly journals Structural transformation and productivity in Latin America

2015 ◽  
Vol 15 (2) ◽  
Author(s):  
Pedro Cavalcanti Ferreira ◽  
Leonardo Fonseca da Silva
Keyword(s):  
Latin America ◽  
Structural Transformation ◽  
Productivity Growth ◽  
Equilibrium Model ◽  
Poor Performance ◽  
Services Sector ◽  
The Poor ◽  
Agriculture Industry ◽  
Key Factor ◽  
Modern Services

AbstractThis article examines the effects of sectorial shifts and structural transformation on the recent productivity path of Latin America. We use a four-sector (agriculture, industry, modern services and traditional services) general equilibrium model calibrated to the main economies in the region. The model very closely replicates labor reallocations across sectors and the growth of aggregate labor productivity from 1950 to 2005. Structural transformation explains a sizeable portion of the region’s convergence in the first decades. In most cases, the poor performance of the traditional services sector is the main cause of the slowdown in productivity growth observed in the region after the mid-1970s and is a key factor in explaining the divergence during this period.

scholarly journals Fused CLEAN deconvolution for compact and diffuse emission

2018 ◽  
Vol 618 ◽  
pp. A117 ◽  
Author(s):  
L. Zhang
Keyword(s):  
Poor Performance ◽  
Point Of View ◽  
Diffuse Emission ◽  
Multi Scale ◽  
Convolution Operation ◽  
Computational Load ◽  
Fitting Procedure ◽  
The Poor ◽  
Computationally Expensive ◽  
Clean Algorithm

Context. CLEAN algorithms are excellent deconvolution solvers that remove the sidelobes of the dirty beam to clean the dirty image. From the point of view of the scale, there are two types: scale-insensitive CLEAN algorithms, and scale-sensitive CLEAN algorithms. Scale-insensitive CLEAN algorithms perform excellently well for compact emission and perform poorly for diffuse emission, while scale-sensitive CLEAN algorithms are good for both point-like emission and diffuse emission but are often computationally expensive. However, observed images often contain both compact and diffuse emission. An algorithm that can simultaneously process compact and diffuse emission well is therefore required. Aims. We propose a new deconvolution algorithm by combining a scale-insensitive CLEAN algorithm and a scale-sensitive CLEAN algorithm. The new algorithm combines the advantages of scale-insensitive algorithms for compact emission and scale-sensitive algorithms for diffuse emission. At the same time, it avoids the poor performance of scale-insensitive algorithms for diffuse emission and the great computational load of scale-sensitive algorithms for compact emission in residuals. Methods. We propose a fuse mechanism to combine two algorithms: the Asp-Clean2016 algorithm, which solves the computationally expensive problem of convolution operation in the fitting procedure, and the classical Högbom CLEAN (Hg-Clean) algorithm, which is faster and works equally well for compact emission. It is called fused CLEAN (fused-Clean) in this paper. Results. We apply the fused-Clean algorithm to simulated EVLA data and compare it to widely used algorithms: the Hg-Clean algorithm, the multi-scale CLEAN (Ms-Clean), and the Asp-Clean2016 algorithm. The results show that it performs better and is computationally effective.

The effect of real activities manipulation on going concern audit opinions for financially distressed companies

2018 ◽  
Vol 17 (4) ◽  
pp. 514-539
Author(s):  
Hongkang Xu ◽  
Mai Dao ◽  
Jia Wu
Keyword(s):  
Audit Quality ◽  
Positive Association ◽  
Content Type ◽  
Going Concern ◽  
Accruals Management ◽  
Reporting Decisions ◽  
Going Concern Opinion ◽  
Distressed Firms ◽  
Real Activities Manipulation ◽  
Auditor Reporting

Purpose This study aims to examine the effect of real activities manipulation (RAM) on auditors’ decision of issuing going concern (GC) opinions for distressed companies. Design/methodology/approach This study estimates and examines three types of RAM: reduction of discretionary expenses, sales manipulation and overproduction. It investigates the effect of RAM on auditor reporting conservatism by including the three measures of RAM methods in logistic regressions that explain the issuance of going concern opinions. The authors perform the analysis specifically on distressed firms for 2004-2013 period. Findings This study finds a significant and positive association between RAM and the likelihood of receiving going concern opinion in the financial distressed firm sample, suggesting that client’s abnormal business activity affects the auditor reporting conservatism. Practical implications This study provides evidence that auditors make going concern reporting decisions in consideration of the client’s abnormal operating decisions and management’s opportunism. Originality/value Recent literature argues that auditors have little recourse other than to resign if a client uses RAM to impact earnings or the financial statements, and hence the enhanced audit quality in the post-SOX period is due to the shift from using accruals management to RAM (Cohen et al., 2008; Chi et al., 2011; Kim and Park, 2014). The evidence provided in this study indicates that auditors report more conservatively (rather than simply resign) in response to the aggressive RAM.

scholarly journals Export Diversification and Economic Growth in Nigeria

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Fasina Oluwadamilola Tosin ◽  
Ogbuagu Matthew Ikechukwu
Keyword(s):  
Economic Growth ◽  
Poor Performance ◽  
Export Diversification ◽  
Economic Policies ◽  
Oil Market ◽  
Distributed Lag ◽  
The Poor ◽  
Auto Regressive ◽  
Oil Sector ◽  
The Government

The issue of export diversification has been contentious in Nigeria due to the country’s unstable growth pattern which is majorly associated with instability in the international oil market and the poor performance of other sectors of the economy. Therefore, this study examines the link between export diversification and economic growth in Nigeria from 1962 to 2016. The study utilizes the Auto-regressive Distributed Lag (ARDL) technique. The result of this study shows that export diversification has a positive but insignificant influence on economic growth in Nigeria. The above result implies that the oil sector still dominates the Nigerian economy while the diversification drive of the government has not been significant in other sectors of the economy. Thus, the study recommends the need for conscious economic policies that would promote the diversification of the entire non-oil sector of the economy. The study concludes that export diversification is an insignificant determinant of economic growth in Nigeria.

Sign in / Sign up

Export Citation Format

Share Document