scholarly journals Conflicts of Interest in Financial Distress: The Role of Employees

2017 ◽  
Vol 9 (12) ◽  
pp. 101
Author(s):  
Wenchien Liu
Keyword(s):  
Financial Distress ◽  
Conflicts Of Interest ◽  
Positive Impact ◽  
The United States ◽  
Asset Sales ◽  
Union Power ◽  
Significant Relationships ◽  
Distressed Firms ◽  
The Media

The interests of employees are not consistent with those of other stakeholders when firms are in financial distress. Hence, conflicts of interest among stakeholders are more severe, especially for those firms with strong union power, as news is reported in the media. However, little attention has been paid to the impacts of employees on bankruptcy resolutions. This study examines the impacts of employees (i.e., union power) on the conflicts of interest of distressed firms in the United States from 1983 to 2015. We find that union power has strong effects on conflicts of interest related to employees, such as asset sales, debtor-in-possession financing, successful emergence from bankruptcy, CEO replacement, and refiling for bankruptcy. On the contrary, for conflicts of interest unrelated to employees, including the costs of bankruptcy resolution, choice of bankruptcy resolution method, and conflicts of interest between creditors and debtors, we find no significant relationships. Finally, we also find a positive impact of union power on the probability of refiling for bankruptcy in the future after emerging successfully.

scholarly journals Predicting Firms’ Financial Distress: An Empirical Analysis Using the F-Score Model

2021 ◽  
Vol 14 (5) ◽  
pp. 199
Author(s):  
Mahfuzur Rahman ◽  
Cheong Li Sa ◽  
Md. Abdul KaiumMasud
Keyword(s):  
Prediction Model ◽  
Financial Distress ◽  
The United States ◽  
Research Database ◽  
Negative Consequences ◽  
Return On Assets ◽  
Listed Firms ◽  
Distressed Firms ◽  
Score Model ◽  
Relationship Of

Financial performance of firms is very important to bankers, shareholders, potential investors, and creditors. The inability of firms to meet their liabilities will affect all its stakeholders and will result in negative consequences in the wider economy. The objective of the study is to explore the applicability of a distress prediction model which uses the F-Score and its components to identify firms which are at high risk of going into default. The study incorporates a prediction model and vast literature to address the research questions. The sample of the study is collected from publicly listed firms of the United States. In total, 81 financially distressed firms wereextracted from the UCLA-LoPucki Bankruptcy Research Database during 2009–2017. This study found that the relationship of the F-Score and probability of firms going into financial distress is significant. This study also demonstrated that firms which are at risk of distress tend to record a negative cash flow from operations (CFO) and showed a greater decline in return on assets (ROA) in the year prior to default. This study extends the existing literature by supporting a model which has not been widely used in the area of financial distress predictions.

scholarly journals Use of Artificial Intelligence as a Predictor of the Response to Treatment in Alopecia Areata

Iproceedings ◽  
10.2196/35433 ◽  
2021 ◽  
Vol 6 (1) ◽  
pp. e35433
Author(s):  
Fernando Alarcón-Soldevilla ◽  
Francisco José Hernández-Gómez ◽  
Juan Antonio García-Carmona ◽  
Celia Campoy Carreño ◽  
Ramon Grimalt ◽  
...  
Keyword(s):  
Artificial Intelligence ◽  
Alopecia Areata ◽  
Predictive Value ◽  
Data Augmentation ◽  
Conflicts Of Interest ◽  
The United States ◽  
Response To Treatment ◽  
Disease Evolution ◽  
Dermatological Disease

Background Artificial intelligence (AI) has emerged in dermatology with some studies focusing on skin disorders such as skin cancer, atopic dermatitis, psoriasis, and onychomycosis. Alopecia areata (AA) is a dermatological disease whose prevalence is 0.7%-3% in the United States, and is characterized by oval areas of nonscarring hair loss of the scalp or body without evident clinical variables to predict its response to the treatment. Nonetheless, some studies suggest a predictive value of trichoscopic features in the evaluation of treatment responses. Assuming that black dots, broken hairs, exclamation marks, and tapered hairs are markers of negative predictive value of the treatment response, while yellow dots are markers of no response to treatment according to recent studies, the absence of these trichoscopic features could indicate favorable disease evolution without treatment or even predict its response. Nonetheless, no studies have reportedly evaluated the role of AI in AA on the basis of trichoscopic features. Objective This study aimed to develop an AI algorithm to predict, using trichoscopic images, those patients diagnosed with AA with a better disease evolution. Methods In total, 80 trichoscopic images were included and classified in those with or without features of negative prognosis. Using a data augmentation technique, they were multiplied to 179 images to train an AI algorithm, as previously carried out with dermoscopic images of skin tumors with a favorable response. Subsequently, 82 new images of AA were presented to the algorithm, and the algorithm classified these patients as responders and non-responders; this process was reviewed by an expert trichologist observer and presented a concordance higher than 90% with the algorithm identifying structures described previously. Evolution of the cases was followed up to truly determine their response to treatment and, therefore, to assess the predictive value of the algorithm. Results In total, 32 of 40 (80%) images of patients predicted as nonresponders scarcely showed response to the treatment, while 34 of 42 (81%) images of those predicted as responders showed a favorable response to the treatment. Conclusions The development of an AI algorithm or tool could be useful to predict AA evolution and its response to treatment. However, further research is needed, including larger sample images or trained algorithms, by using images previously classified in accordance with the disease evolution and not with trichoscopic features. Conflicts of Interest None declared.

scholarly journals When election expectations fail: Polarized perceptions of election legitimacy increase with accumulating evidence of election outcomes and with polarized media

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0259473
Author(s):  
Marrissa D. Grant ◽  
Alexandra Flores ◽  
Eric J. Pedersen ◽  
David K. Sherman ◽  
Leaf Van Boven
Keyword(s):  
Cognitive Dissonance ◽  
Positive Emotions ◽  
Negative Emotions ◽  
The United States ◽  
Fox News ◽  
The Media ◽  
Democrats And Republicans ◽  
Dissonance Theory ◽  
Over Time

The present study, conducted immediately after the 2020 presidential election in the United States, examined whether Democrats’ and Republicans’ polarized assessments of election legitimacy increased over time. In a naturalistic survey experiment, people (N = 1,236) were randomly surveyed either during the week following Election Day, with votes cast but the outcome unknown, or during the following week, after President Joseph Biden was widely declared the winner. The design unconfounded the election outcome announcement from the vote itself, allowing more precise testing of predictions derived from cognitive dissonance theory. As predicted, perceived election legitimacy increased among Democrats, from the first to the second week following Election Day, as their expected Biden win was confirmed, whereas perceived election legitimacy decreased among Republicans as their expected President Trump win was disconfirmed. From the first to the second week following Election Day, Republicans reported stronger negative emotions and weaker positive emotions while Democrats reported stronger positive emotions and weaker negative emotions. The polarized perceptions of election legitimacy were correlated with the tendencies to trust and consume polarized media. Consumption of Fox News was associated with lowered perceptions of election legitimacy over time whereas consumption of other outlets was associated with higher perceptions of election legitimacy over time. Discussion centers on the role of the media in the experience of cognitive dissonance and the implications of polarized perceptions of election legitimacy for psychology, political science, and the future of democratic society.

Online news creation, trust in the media, and political participation: Direct and moderating effects over time

Journalism ◽  
2017 ◽  
Vol 19 (5) ◽  
pp. 611-631 ◽  
Author(s):  
Alberto Ardèvol-Abreu ◽  
Catherine M Hooker ◽  
Homero Gil de Zúñiga
Keyword(s):  
Political Participation ◽  
The United States ◽  
Online News ◽  
Citizen Journalism ◽  
Panel Survey ◽  
Moderating Effects ◽  
News Production ◽  
The Media ◽  
Over Time

This article explores the role of trust in professional and alternative media as (a) antecedents of citizen news production, and (b) moderators of the effect of citizen news production on political participation. Using two-wave panel survey data collected in the United States between December 2013 and March 2014, results show that trust in citizen media predicts people’s tendency to create news. In turn, citizen news production is a positive predictor of both offline and online participation. More importantly, trust in the media moderates the effect of citizen news production over online political participation. Overall, this article highlights the importance of trust in the media with respect to citizen news production and how it matters for democracy. Thus, this study casts a much-needed light on how media trust and citizen journalism intertwine in explaining a more engaged and participatory citizenry.

School Physical Education, Extracurricular Sports, and Lifelong Active Living

2008 ◽  
Vol 27 (2) ◽  
pp. 155-166 ◽  
Author(s):  
Jason Bocarro ◽  
Michael A. Kanters ◽  
Jonathan Casper ◽  
Scott Forrester
Keyword(s):  
Physical Education ◽  
Positive Impact ◽  
The United States ◽  
After School ◽  
Active Living ◽  
Physically Active ◽  
Obesity Epidemic ◽  
Intramural Sports

The purpose of this article is to examine the role of school-based extracurricular initiatives in facilitating immediate and long-term positive impact on physical activity, healthy behavior, and obesity in children. A critique of the role of various sports-related initiatives that have been developed to address the obesity epidemic currently facing children within the United States is provided, with a specific emphasis on intramural sports as a preferred mechanism to encourage long-term involvement in sport and physically active pursuits. The article presents support for the notion that a physical education curriculum that includes intramurals before, during, and after school can help children learn the skills to enjoy participation in a variety of sports designed to facilitate lifelong active living.

The British Discovery of American History: War, Liberalism and the Atlantic Connection

2005 ◽  
Vol 39 (3) ◽  
pp. 357-369 ◽  
Author(s):  
MICHAEL HEALE
Keyword(s):  
United States ◽  
American History ◽  
The United States ◽  
Second World War ◽  
World War ◽  
The Awakening ◽  
The Media ◽  
Second World ◽  
Academic Study

The years following the Second World War, according to the Norwegian scholar Sigmund Skard, witnessed the “Rediscovery of America,” as European academics belatedly turned their attention to the United States at a time when its pre-eminent global role could not be ignored. In Britain some believed that the awakening was already under way, the Principal of what became Exeter University having described 1941 as the year of the British “discovery of America.” The jarring realization that the very survival of Britain depended on a close alliance with the American giant had precipitated not only frenetic governmental activity but also intense interest in the United States throughout the media. Perhaps the “discovery” or “rediscovery” of America in British consciousness cannot be dated with exact precision, but the years from the war to the mid-1960s may fairly be called the “take-off period” for the academic study of American history in Britain. This essay briefly considers the role of some of the participants in this endeavour.

scholarly journals Own Video Content of Libraries: Trends and Prospects for Use

2020 ◽  
Vol 69 (3) ◽  
pp. 261-270
Author(s):  
Nadezhda V. Popova
Keyword(s):  
Positive Impact ◽  
Video Content ◽  
Media Environment ◽  
Current Trends ◽  
Internet Users ◽  
Wide Range ◽  
The Media ◽  
Goals And Objectives

Changing of media consumption in the digital age is the object of focus attention of both Russian and foreign researchers. Modern cultural studies note the increasing role of video content in the media environment. Taking into account current trends, libraries more often create their own video materials to implement various goals and objectives. Thus, creation of own video content is rapidly becoming an integral part of the work of modern library. However, despite some established experience of libraries in this area, there is still not enough research of general and theoretical nature on the content, guidelines and prospects for the development of activities related to the creation and use of library video content, and there is no its classification.The purpose of this work is to conduct analysis of the video content in libraries, identify the most common materials, as well as to determine the prospects for using this tool to reach their own goals. The article discusses definitions of the term “video content”. The author presents the main types of videos produced by libraries, their characteristics and features. Special attention is paid to video projects of libraries in Russia. The article reveals the experience of the Astrakhan Library for Youth named after B. Shakhovsky in using its own video content. The paper discusses the issue of classification of video materials produced by libraries. The author proposes the following classification of library videos: video review, virtual book exhibition, webinar (online seminar or web conference), interview, humorous video, webcast, event announcement, video report and booktrailer. The author indicates the main reasons hindering the demand for library video content among the wide range of Internet users and gives the rationale for the necessity and importance of this type of activity and proposes possible prospects for using own video content of libraries. Thanks to its presence, the library ceases to be a closed institution storing knowledge within itself that produces positive impact on its image. Using means of communication that are understandable to a person of visual culture, it changes stereotypes and demonstrates its modern capabilities.

scholarly journals The role of race and scientific trust on support for COVID-19 social distancing measures in the United States

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0254127
Author(s):  
Sara Kazemian ◽  
Sam Fuller ◽  
Carlos Algara
Keyword(s):  
Public Health ◽  
United States ◽  
The United States ◽  
Institutional Trust ◽  
The Novel ◽  
Social Distancing ◽  
The Media ◽  
Racial Lines ◽  
Novel Coronavirus

Pundits and academics across disciplines note that the human toll brought forth by the novel coronavirus (COVID-19) pandemic in the United States (U.S.) is fundamentally unequal for communities of color. Standing literature on public health posits that one of the chief predictors of racial disparity in health outcomes is a lack of institutional trust among minority communities. Furthermore, in our own county-level analysis from the U.S., we find that counties with higher percentages of Black and Hispanic residents have had vastly higher cumulative deaths from COVID-19. In light of this standing literature and our own analysis, it is critical to better understand how to mitigate or prevent these unequal outcomes for any future pandemic or public health emergency. Therefore, we assess the claim that raising institutional trust, primarily scientific trust, is key to mitigating these racial inequities. Leveraging a new, pre-pandemic measure of scientific trust, we find that trust in science, unlike trust in politicians or the media, significantly raises support for COVID-19 social distancing policies across racial lines. Our findings suggest that increasing scientific trust is essential to garnering support for public health policies that lessen the severity of the current, and potentially a future, pandemic.

Social responsibility of the media as an effective result of solutions journalism

2019 ◽  
Author(s):  
Олександра Дмитрівна Гондюл
Keyword(s):  
Social Responsibility ◽  
Positive Impact ◽  
Comparative Method ◽  
Value Added ◽  
Mapping Method ◽  
Modern World ◽  
Traditional Role ◽  
The Media ◽  
Solutions Journalism

The relevance of the research shows solutions journalism as a necessary tool for providing information to the audience that emphasizes problem solving rather than the problems themselves, enhancing the relevance of the text, clarifying its purpose, and encouraging readers to take action. The main objective of the article is to investigate the peculiarities of solutions journalism as a modern phenomenon in journalism and to analyze the importance to implement social responsibility in media structures in order to provide solutions to existing problems, not just describe them. The methodology of the article includes: approaches to the definition of the concepts of «solutions journalism» have been explored through analysis and synthesis; using the systematic method, the criteria for defining «solutions journalism» and its difference from similar terms are formed; the comparative method to analyse the audience involvement in solving social problems before and after the emergence of «solutions journalism» was carried out; content analysis made it possible to examine the use of the terms «problem» and «solution» by society in the Internet; SWOT analysis explores peculiarities of solutions journalism; the cognitive mapping method identifies cause-and-effect relations to the importance of creating social projects by media structures. Research findings show that experts in solutions journalism explain that this approach complements the traditional role of the press, giving a fuller perspective on issues for society. Moreover, under the initiative of Sparknews, an international network of positive-impact solutions journalism, a day dedicated to solutions journalism – Impact Journalism Day – was launched. Moreover, media not only transform their texts into solutions journalism, but also create projects that help solving current problems, including the BBC's «100 Women» Project, CNN's #MyFreedomDay Project, the NY Times's «1619 Project», as well as the social project «People of Ideas +. #ForgetAboutAge» by the 1+1 Media Group. As a conclusion, we can say that in the modern world a rethinking of the role of the media is needed. Journalism cannot continue to cover only problems, and to suppress the readers by illuminating the challenges facing humanity. It is important to promote «value-added journalism», which we call as «solutions journalism» in the article.

De beleidsagenda en het 'wereldbeeld' dat Vlaamse media aanreiken

Res Publica ◽  
1993 ◽  
Vol 35 (2) ◽  
pp. 183-196
Author(s):  
Peter Janssens
Keyword(s):  
News Coverage ◽  
The United States ◽  
Main Question ◽  
The Public ◽  
The Media ◽  
International Issues ◽  
International Status ◽  
World Image ◽  
Selection Of

Given the two important functions of the media, offering a world image and setting the public agenda, the main question in this article is : "What is the image of society offered by the media ?" For that purpose three years of the radio programme "BRT-Aktueel" are analyzed on the basis of a printed index. A distinction is made between home news, news on states, news on groups of countries and international organizations. The main conclusions are :1. Most of the coverage concerns foreign issues ;2. Within each category there is a clear influence of temporary events. This influence seems more important for foreign topics ;3. The news coverage is strongly concentrated on a relatively small number of issues. This conclusion applies on all categories ;4. Social and domestic policy dominate the home news ;5. The coverage of international issues deals mostly with Europe, then with the USSR, and the United States. Other countries are part of the periphery and get attention when a major crisis occurs.The question rises which factors determinate the selection of issues. Within the limits of this research a few factors can be mentioned : geographical proximity, the structure of the media, the role of press agencies, the international status of a country, the selection by the journalist. It is quite clear that this problem of objectivity ofthe media is a major problem which is linked to the role of the media in a democratie society.

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