scholarly journals The influence of the vulnerability of sectors on their survival and probability of insolvency: the case of small and medium entities in Spain

Author(s):  
Antonio Somoza

This paper looks at a sample of small and medium entities in Spain and analyzes the effect of the vulnerability of sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and insolvent firms in Spain over the period 2012-2016, and grouped them according to the percentage of insolvencies by sector (highest, lowest, and a reference group). The results show that no differences in the endurance of the firms emerge among the groups, while some variables appear to be relevant when the logit analysis is applied. Survival depends on liquidity and size in all industries, but profitability and turnover are also essential for the group with the highest levels of insolvency. The probability of bankruptcy is mainly explained by turnover and short-term solvency. Size and turnover have negative effects on bankruptcy. Age is also a common factor, but with a different interpretation for each technique. The main contribution of this paper is the analysis of insolvency in the two dimensions of survival and probability according to the sectorial insolvency rate.

2021 ◽  
Vol 19 (1) ◽  
Author(s):  
Pedro Henrique Ribeiro Santiago ◽  
Dandara Haag ◽  
Davi Manzini Macedo ◽  
Gail Garvey ◽  
Megan Smith ◽  
...  

Abstract Introduction In Australia, health-related quality of life (HRQoL) instruments have been adopted in national population surveys to inform policy decisions that affect the health of Aboriginal and Torres Strait Islanders. However, Western-developed HRQoL instruments should not be assumed to capture Indigenous conceptualization of health and well-being. In our study, following recommendations for cultural adaptation, an Indigenous Reference Group indicated the EQ-5D-5L as a potentially valid instrument to measure aspects of HRQoL and endorsed further psychometric evaluation. Thus, this study aimed to investigate the construct validity and reliability of the EQ-5D-5L in an Aboriginal Australian population. Methods The EQ-5D-5L was applied in a sample of 1012 Aboriginal adults. Dimensionality was evaluated using Exploratory Graph Analysis. The Partial Credit Model was employed to evaluate item performance and adequacy of response categories. Area under the receiver operating characteristic curve (AUROC) was used to investigate discriminant validity regarding chronic pain, general health and experiences of discrimination. Results The EQ-5D-5L comprised two dimensions, Physiological and Psychological, and reliability was adequate. Performance at an item level was excellent and the EQ-5D-5L individual items displayed good discriminant validity. Conclusions The EQ-5D-5L is a suitable instrument to measure five specific aspects (Mobility, Self-Care, Usual activities, Pain/Discomfort, Anxiety/Depression) of Aboriginal and Torres Strait Islander HRQoL. A future research agenda comprises the investigation of other domains of Aboriginal and Torres Strait Islander HRQoL and potential expansions to the instrument.


Entropy ◽  
2021 ◽  
Vol 23 (6) ◽  
pp. 660
Author(s):  
Zhongshuo Hu ◽  
Jianwei Yang ◽  
Dechen Yao ◽  
Jinhai Wang ◽  
Yongliang Bai

In the signal processing of real subway vehicles, impacts between wheelsets and rail joint gaps have significant negative effects on the spectrum. This introduces great difficulties for the fault diagnosis of gearboxes. To solve this problem, this paper proposes an adaptive time-domain signal segmentation method that envelopes the original signal using a cubic spline interpolation. The peak values of the rail joint gap impacts are extracted to realize the adaptive segmentation of gearbox fault signals when the vehicle was moving at a uniform speed. A long-time and unsteady signal affected by wheel–rail impacts is segmented into multiple short-term, steady-state signals, which can suppress the high amplitude of the shock response signal. Finally, on this basis, multiple short-term sample signals are analyzed by time- and frequency-domain analyses and compared with the nonfaulty results. The results showed that the method can efficiently suppress the high-amplitude components of subway gearbox vibration signals and effectively extract the characteristics of weak faults due to uniform wear of the gearbox in the time and frequency domains. This provides reference value for the gearbox fault diagnosis in engineering practice.


2021 ◽  
Author(s):  
Paul P. J. Gaffney ◽  
Mark H. Hancock ◽  
Mark A. Taggart ◽  
Roxane Andersen

AbstractThe restoration of drained afforested peatlands, through drain blocking and tree removal, is increasing in response to peatland restoration targets and policy incentives. In the short term, these intensive restoration operations may affect receiving watercourses and the biota that depend upon them. This study assessed the immediate effect of ‘forest-to-bog’ restoration by measuring stream and river water quality for a 15 month period pre- and post-restoration, in the Flow Country peatlands of northern Scotland. We found that the chemistry of streams draining restoration areas differed from that of control streams following restoration, with phosphate concentrations significantly higher (1.7–6.2 fold, mean 4.4) in restoration streams compared to the pre-restoration period. This led to a decrease in the pass rate (from 100 to 75%) for the target “good” quality threshold (based on EU Water Framework Directive guidelines) in rivers in this immediate post-restoration period, when compared to unaffected river baseline sites (which fell from 100 to 90% post-restoration). While overall increases in turbidity, dissolved organic carbon, iron, potassium and manganese were not significant post-restoration, they exhibited an exaggerated seasonal cycle, peaking in summer months in restoration streams. We attribute these relatively limited, minor short-term impacts to the fact that relatively small percentages of the catchment area (3–23%), in our study catchments were felled, and that drain blocking and silt traps, put in place as part of restoration management, were likely effective in mitigating negative effects. Looking ahead, we suggest that future research should investigate longer term water quality effects and compare different ways of potentially controlling nutrient release.


Animals ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 722
Author(s):  
Jang-Hoon Jo ◽  
Jalil Ghassemi Nejad ◽  
Dong-Qiao Peng ◽  
Hye-Ran Kim ◽  
Sang-Ho Kim ◽  
...  

This study aims to characterize the influence of short-term heat stress (HS; 4 day) in early lactating Holstein dairy cows, in terms of triggering blood metabolomics and parameters, milk yield and composition, and milk microRNA expression. Eight cows (milk yield = 30 ± 1.5 kg/day, parity = 1.09 ± 0.05) were homogeneously housed in environmentally controlled chambers, assigned into two groups with respect to the temperature humidity index (THI) at two distinct levels: approximately ~71 (low-temperature, low-humidity; LTLH) and ~86 (high-temperature, high-humidity; HTHH). Average feed intake (FI) dropped about 10 kg in the HTHH group, compared with the LTLH group (p = 0.001), whereas water intake was only numerically higher (p = 0.183) in the HTHH group than in the LTLH group. Physiological parameters, including rectal temperature (p = 0.001) and heart rate (p = 0.038), were significantly higher in the HTHH group than in the LTLH group. Plasma cortisol and haptoglobin were higher (p < 0.05) in the HTHH group, compared to the LTLH group. Milk yield, milk fat yield, 3.5% fat-corrected milk (FCM), and energy-corrected milk (ECM) were lower (p < 0.05) in the HTHH group than in the LTLH group. Higher relative expression of milk miRNA-216 was observed in the HTHH group (p < 0.05). Valine, isoleucine, methionine, phenylalanine, tyrosine, tryptophan, lactic acid, 3-phenylpropionic acid, 1,5-anhydro-D-sorbitol, myo-inositol, and urea were decreased (p < 0.05). These results suggest that early lactating cows are more vulnerable to short-term (4 day) high THI levels—that is, HTHH conditions—compared with LTLH, considering the enormous negative effects observed in measured blood metabolomics and parameters, milk yield and compositions, and milk miRNA-216 expression.


2012 ◽  
Vol 33 (3-4) ◽  
pp. 365-372 ◽  
Author(s):  
Thomas Fauvel ◽  
François Brischoux ◽  
Marine Jeanne Briand ◽  
Xavier Bonnet

Long term population monitoring is essential to ecological studies; however, field procedures may disturb individuals. Assessing this topic is important in worldwide declining taxa such as reptiles. Previous studies focussed on animal welfare issues and examined short-term effects (e.g. increase of stress hormones due to handling). Long-term effects with possible consequences at the population level remain poorly investigated. In the present study, we evaluated the effects of widely used field procedures (e.g. handling, marking, forced regurgitation) both on short-term (hormonal stress response) and on long-term (changes in body condition, survival) scales in two intensively monitored populations of sea kraits (Laticauda spp.) in New Caledonia. Focusing on the most intensively monitored sites, from 2002 to 2012, we gathered approximately 11 200 captures/recaptures on 4500 individuals. Each snake was individually marked (scale clipping + branding) and subjected to various measurements (e.g. body size, head morphology, palpation). In addition, a subsample of more than 500 snakes was forced to regurgitate their prey for dietary analyses. Handling caused a significant stress hormonal response, however we found no detrimental long-term effect on body condition. Forced regurgitation did not cause any significant effect on both body condition one year later and survival. These results suggest that the strong short-term stress provoked by field procedures did not translate into negative effects on the population. Although similar analyses are required to test the validity of our conclusions in other species, our results suggest distinguishing welfare and population issues to evaluate the potential impact of population surveys.


2020 ◽  
Vol 3 (1) ◽  
pp. 11-15
Author(s):  
Alireza M. Haghighi ◽  
Farhad S. Samani

Stiffener rings and stringers are used commonly in offshore and aerospace structures. Welding the stiffener to the structure causes the appearance of residual stress and distortion that leads to short-term and long-term negative effects. Residual stress and distortion of welding have destructive effects such as deformation, brittle fracture, and fatigue of the welded structures. This paper aims to investigate the effects of preheating, time interval and welding parameters such as welding current and speed on residual stress and distortion of joining an ST52-3N (DIN 1.0570) T-shape stiffener ring to an AISI 4130 (DIN 1.7218) thin-walled tubular shell by eleven pairs of welding line in both sides of the ring by means of finite element method (FEM). Results in tangent (longitudinal), axial and radial directions have been compared and the best welding methods proposed. After the comparison of the results, simultaneous welding both sides of the ring with preheating presented as the best method with less distortion and residual stresses among the studied conditions. The correctness of the FEM confirmed by the validation of the results.


1973 ◽  
Vol 40 (1) ◽  
pp. 5-11 ◽  
Author(s):  
Barbara K. Keogh ◽  
Laurence D. Becker

Assumptions underlying programs of early identification of young children viewed as educationally “at risk” are reviewed in terms of the research literature relevant to questions of validity of identifying or screening techniques, implications of recognition for remediation, and possible compounding negative effects of early identification. Guidelines for development and implementation of programs of early detection are proposed. Recommendations include emphasis upon techniques which are short term and educationally oriented and which are based on functional aspects of children's behavior in classroom settings.


Author(s):  
Alice Ireland ◽  
Nathaniel Payne

There is strong research evidence to suggest that exposure to violent video games is related to an increase in aggressive behaviors in children. Violent video games trigger short-term bursts of aggression, but more importantly they can actually change the user’s thinking processes over time. However, there is also strong evidence to the contrary. This chapter presents an overview of recent evidence for and against the argument on violent games and aggression, together with suggestions for ways that parents can help to mitigate negative effects.


2017 ◽  
Vol 8 (2) ◽  
pp. 640-647 ◽  
Author(s):  
Jeffrey C. Jolley ◽  
Christina T. Uh ◽  
Gregory S. Silver ◽  
Timothy A. Whitesel

Abstract Native lamprey populations are declining worldwide. In the Pacific Northwest focus on conservation and management of these ecologically and culturally important species has increased. Concern has emerged regarding the effects of sampling and handling of lamprey, with little to no attention given to the larval lifestage. We monitored the survival of larval Pacific Lamprey Entosphenus tridentatus and Lampetra spp. after backpack electrofishing, deepwater electrofishing and suction-pumping, anesthesia, and handling. We performed survival trials on wild-caught lamprey (n = 15 larvae in each trial) collected from the Clackamas River drainage in Oregon, USA, coupled with control group trials from lamprey sourced from a hatchery (n = 10 larvae). Short-term (96 h) survival was &gt;98% with only one observed mortality. Delayed mortality (1 wk) was observed for four individuals that had fungus; two of those were positive for the bacteria Aeromonas hyrdrophila. We recorded blood hematocrit as a secondary measure of stress. The baseline, nonstressed larvae hematocrit levels did not differ from those of fish that had undergone stress through electrofishing, suction-pumping, and handling without anesthesia. Electrofishing, suction-pumping, and anesthesia showed no short-term negative effects on larval lamprey although potential long-term effects remain unstudied. These techniques appear to provide efficient and relatively safe methods for collecting and surveying larval lamprey.


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