scholarly journals Measuring the risk of lending to small and medium-sized enterprises in the Republic of Serbia in light of modern banking regulations

2020 ◽  
Vol 22 (3) ◽  
pp. 263-277
Author(s):  
Mirela Mitrašević ◽  
Snežana Bardarova
Keyword(s):  
Point Of View ◽  
Probability Of Default ◽  
Z Score ◽  
Banking Regulations ◽  
The Subject ◽  
The Republic ◽  
Score Model ◽  
Credit Risk Measurement ◽  
The One ◽  
A Company

The subject matter of this paper is measuring the risk of lending to Small and Medium-sized Enterprises (SMEs) from the point of view of the existing banking regulations. The paper starts from the hypothesis that an increase in the transparency of the credit risk measurement process would enable the timely detection of problems and leave room for the actions necessary for the management of small and mediumsized enterprises, as well as all creditors, and generate an opportunity for SMEs to provide more favorable sources of financing. In the research study, the well-known Altman Z-Score model was used to assess the probability of default and rank a company. The results of the application of the Z-Score model indicate that, to a certain extent, they can detect the companies in which bankruptcy may occur in the two years following the assessment, on the one hand, but they cannot be considered as reliable for the assessment of the probability of the bankruptcy of SMEs in the Republic of Serbia, on the other.

Recommendations of The Ombudsman’s Dilemma: Between Law Enforcement Officials and Protection of Credibility

2018 ◽  
Vol 2 ◽  
pp. 1-12
Author(s):  
Dyah Adriantini Sintha Dewi
Keyword(s):  
Law Enforcement ◽  
Public Service ◽  
Public Services ◽  
Point Of View ◽  
Law Enforcement Officials ◽  
Muslim Majority ◽  
The Republic ◽  
The Government ◽  
The One ◽  
Oversight Body

The Ombudsman as an external oversight body for official performance, in Fikih Siyasah (constitutionality in Islam) is included in the supervision stipulated in legislation (al-musahabah al-qomariyah). Supervision is done so that public service delivery to the community is in accordance with the rights of the community. This is done because in carrying out its duties, officials are very likely to conduct mal administration, which is bad public services that cause harm to the community. The Ombudsman is an institution authorized to resolve the mal administration issue, in which one of its products is by issuing a recommendation. Although Law No. 37 of 2018 on the Ombudsman of the Republic of Indonesia states that the recommendation is mandatory, theombudsman's recommendations have not been implemented. This is due to differences in point of view, ie on the one hand in the context of law enforcement, but on the other hand the implementation of the recommendation is considered as a means of opening the disgrace of officials. Recommendations are the last alternative of Ombudsman's efforts to resolve the mal administration case, given that a win-win solution is the goal, then mediation becomes the main effort. This is in accordance with the condition of the Muslim majority of Indonesian nation and prioritizes deliberation in resolving dispute. Therefore, it is necessary to educate the community and officials related to the implementation of the Ombudsman's recommendations in order to provide good public services for the community, which is the obligation of the government.

Crimes against marriage and family before Criminal Code 1968

2020 ◽  
Vol 15 (1-3) ◽  
pp. 44-59
Author(s):  
Lidia Peneva
Keyword(s):  
Criminal Code ◽  
Point Of View ◽  
Marriage And Family ◽  
Historical Method ◽  
Legal Method ◽  
The Subject ◽  
The Republic ◽  
Criminal Groups ◽  
The Moment ◽  
Structural Point

Crimes against marriage and family are a particular group of social relation­ships that the law has defended properly in view of the high public significance and value they enjoy. At the moment they are regulated in Chapter VI, Section I, of the specific part of the Penal Code the Repub­lic of Bulgaria. The subject matter of this Statement will, however, be the legisla­tive provisions concerning these criminal­ized acts in retrospect. The purpose of the study is to show by historical method and through the comparatively legal method the development of these criminal groups during the periods of various criminal laws in Bulgaria. This will also provide a basis for reflection on possible de lege ferenda proposals. This report from a structural point of view will be divided into three distinct points, marking each of the penal laws in the Republic of Bulgaria, which were in force before 1968.

XXVII.—The Inheritance of Long and Short Wings in the Weevil, Sitona hispidula, with a Discussion of Wing Reduction among Beetles

1928 ◽  
Vol 55 (3) ◽  
pp. 665-735 ◽  
Author(s):  
Dorothy J. Jackson
Keyword(s):  
Experimental Work ◽  
Adult Stage ◽  
Point Of View ◽  
The Other ◽  
Wing Dimorphism ◽  
Wing Reduction ◽  
Hereditary Factors ◽  
The Subject ◽  
The One ◽  
Evolutionary Point

It is well known that in many orders of typically winged insects species occur which in the adult stage are apterous or have the wings so reduced in size that flight is impossible. Sometimes the reduction of wings affects one sex only, as in the case of the females of certain moths, but in the majority of cases it is exhibited by both sexes. In many instances wing dimorphism occurs irrespective of sex, one form of the species having fully developed wings and the other greatly reduced wings. In some species the wings are polymorphic. The problem of the origin of reduced wings and of other functionless organs is one of great interest from the evolutionary point of view. Various theories have been advanced in explanation, but in the majority of cases the various aspects of the subject are too little known to warrant discussion. More experimental work is required to show how far environmental conditions on the one hand, and hereditary factors on the other, are responsible for this phenomenon. Those species which exhibit alary dimorphism afford material for the study of the inheritance of the two types of wings, but only in a few cases has this method of research been utilized.

What is a “difficult poem”? Towards a definition

2008 ◽  
Vol 37 (2) ◽  
Author(s):  
Iris Yaron
Keyword(s):  
Cognitive Psychology ◽  
Text Comprehension ◽  
Point Of View ◽  
Modern Poetry ◽  
Communicative Acts ◽  
The Subject ◽  
Poetic Texts ◽  
The One ◽  
The Way

AbstractModern poetry developed and transformed difficulty into a prominent aesthetic norm of poetry. The abundance of difficult poetic texts necessitates a study of the corpus. After differentiating between the way difficulty is perceived in poetry and in other communicative acts, I present the approach that I have adopted for the purpose of studying difficult poetry. In contrast to other studies which have examined difficulty from the author's perspective and, as a consequence, described factors that cause textual difficulty, I propose to examine the subject from the reader's point of view. The reader, after all, is the one who feels or does not feel the difficulty. The concept ‘difficult poem’ is necessarily interdisciplinary and the question of what is “difficult” involves cognitive psychology and its models of text comprehension. Following a discussion of these domains, I present the “definition” that I propose for the ‘difficult poem’.

scholarly journals Validity of Altman Z-Score Model to Predict Financial Failure: Evidence From Jordan

2018 ◽  
Vol 10 (8) ◽  
pp. 181 ◽  
Author(s):  
Sufian Al-Manaseer ◽  
Suleiman Al-Oshaibat
Keyword(s):  
Stock Exchange ◽  
Financial Statement ◽  
Insurance Companies ◽  
Z Score ◽  
Financial Reports ◽  
Financial Failure ◽  
Amman Stock Exchange ◽  
The Face ◽  
The Subject ◽  
Score Model

This paper aims to investigate the Validity of Altman z-score model to predict financial failure in insurance companies listed on Amman Stock Exchange (ASE) over the period 2011-2016. To achieve the goal of the study, the study depended on the different statistics analytical method and Multiple Linear Regression through doing the statistical analysis of the independent variables on the dependent variable related to the subject of the study through the (E-views) program in order to cover the analytical part of the study, in addition to the descriptive method through relying on books, periodicals, previous studies and financial reports of the insurance companies of the study’ sample, whether the direct or the indirect ones, to cover the theoretical part. The result of the study finds a high predictive power for Z-score model. Moreover, the findings reveal that Z-Score model could be valuable instrumental indicators for many users of financial statement such as financial managers, auditors, lenders, investors, to make right decisions in the face of financial failure.

scholarly journals Is it Worth Comparing Different Bankruptcy Models?

2015 ◽  
Vol 63 (2) ◽  
pp. 525-531 ◽  
Author(s):  
Miroslava Dolejšová
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
T Test ◽  
Small Enterprises ◽  
Z Score ◽  
Statistical Data Analysis ◽  
Financial Condition ◽  
Score Model ◽  
The One ◽  
Paired T Test

The aim of this paper is to compare the performance of small enterprises in the Zlín and Olomouc Regions. These enterprises were assessed using the Altman Z-Score model, the IN05 model, the Zmijewski model and the Springate model. The batch selected for this analysis included 16 enterprises from the Zlín Region and 16 enterprises from the Olomouc Region. Financial statements subjected to the analysis are from 2006 and 2010. The statistical data analysis was performed using the one-sample z-test for proportions and the paired t-test. The outcomes of the evaluation run using the Altman Z-Score model, the IN05 model and the Springate model revealed the enterprises to be financially sound, but the Zmijewski model identified them as being insolvent. The one-sample z-test for proportions confirmed that at least 80% of these enterprises show a sound financial condition. A comparison of all models has emphasized the substantial difference produced by the Zmijewski model. The paired t-test showed that the financial performance of small enterprises had remained the same during the years involved. It is recommended that small enterprises assess their financial performance using two different bankruptcy models. They may wish to combine the Zmijewski model with any bankruptcy model (the Altman Z-Score model, the IN05 model or the Springate model) to ensure a proper method of analysis.

scholarly journals Reflections on the Hysteretic Damping Model

2009 ◽  
Vol 16 (5) ◽  
pp. 529-542 ◽  
Author(s):  
Nuno Maia
Keyword(s):  
Free Vibration ◽  
Point Of View ◽  
The Other ◽  
Hysteretic Damping ◽  
Engineering Problems ◽  
Practical Engineering ◽  
The Subject ◽  
The One ◽  
Damping Model ◽  
Free Vibration Response

This paper presents a reflection on a recently proposed solution to the problem of the free vibration response with the constant hysteretic damping model, that has been presented in some conferences in recent years, by the author himself and some of his colleagues. On the one hand, as expected, the subject has been received with natural criticism, mainly due to the well-known non-causal behaviour of the model in free vibration. On the other hand, it was not easy to understand what could be wrong in that proposal, as apparently everything was perfect from a mathematical point of view. The author decided that this subject deserved a more careful and detailed analysis and – in this kind of tutorial paper – the issue seems to have been clarified. It is concluded that the proposed solution involving the constant hysteretic damping corresponds in fact to an equivalent viscously damped model; it is therefore concluded that the application of the constant hysteretic damping to model the free vibration of practical engineering problems should be considered only in the perspective of an equivalent viscously damped model.

THE MODERN GREEK FAMILY: AXIOLOGICAL CONTRADICTIONS

2021 ◽  
pp. 43-52
Author(s):  
Anna A. Toropova ◽  
Keyword(s):  
Family Policy ◽  
Point Of View ◽  
Modern World ◽  
Traditional Values ◽  
Family Issues ◽  
The Family ◽  
The Subject ◽  
Family And Marriage ◽  
Characteristic Features ◽  
The One

Family issues and the topic of social family policy in Greece is the subject of researches by a number of Greek sociologists (V. Filias (Β. Φίλιας), G.-S. Prevelakis (Γ.-Σ. Πρεβελάκης), H. Simeonidou (Χ. Συμεωνίδου), G. Georgas (Γ. Γεωργάς), L. Musuru (Λ. Μουσούρου), L. Maratu-Aliprandi (Λ. Μαράτου-Αλιπράντη). It seems interesting and useful to consider the situation in Greece from the point of view of its ambivalent nature: traditional values and patriarchal order, on the one hand, and adherence to liberal European sentiments, on the other. In the modern world, there is a "reformatting of ideas about the essence of family and marriage" [Noskova A. V., 2017: 123], which leads, in particular, to the rejection of having children, to increasingly frequent divorces "for no reason", to irresponsibility in awareness roles in the family, to the vulnerability of socialization, to the infantilism of adults, to avoidance of awareness of problems of various kinds, to egocentrism. Modern Greece is not an exception. The growing number of single-parent families in cities, low birth rates, divorces, loneliness, depression are characteristic features of many families. This allows us to speak about the “crisis of the Greek family” [Γεωργάς, 2010]. This research may be of interest to specialists dealing with the topic of the family, and significantly supplement the existing research in the domestic sociological field.

The Effect of Waking Suggestion on Post-Hypnotic Amnesia

1981 ◽  
Vol 11 (1) ◽  
pp. 44-46 ◽  
Author(s):  
D.P. Fourie
Keyword(s):  
Point Of View ◽  
The Other ◽  
Hypnotic Susceptibility ◽  
The Subject ◽  
The Mean ◽  
The Difference ◽  
The One ◽  
The Relationship ◽  
Female Subjects

It is increasingly realized that hypnosis may be seen from an interpersonal point of view, meaning that it forms part of the relationship between the hypnotist and the subject. From this premise it follows that what goes on in the relationship prior to hypnosis probably has an influence on the hypnosis. Certain of these prior occurences can then be seen as waking suggestionns (however implicitly given) that the subject should behave in a certain way with regard to the subsequent hypnosis. A study was conducted to test the hypothesis that waking suggestions regarding post-hypnotic amnesia are effective. Eighteen female subjects were randomly divided into two groups. The groups listened to a tape-recorded talk on hypnosis in which for the one group amnesia for the subsequent hypnotic experience and for the other group no such amnesia was suggested. Thereafter the Stanford Hypnotic Susceptibility Scale was administered to all subjects. Only the interrogation part of the amnesia item of the scale was administered. The subjects to whom post-hypnotic amnesia was suggested tended to score lower on the amnesia item than the other subjects, as was expected, but the difference between the mean amnesia scores of the two groups was not significant.

William IV of Orange and his English Marriage

1925 ◽  
Vol 8 ◽  
pp. 14-37 ◽  
Author(s):  
P. Geyl
Keyword(s):  
Eighteenth Century ◽  
Point Of View ◽  
European History ◽  
Considerable Time ◽  
Interesting Object ◽  
The Subject ◽  
The Republic ◽  
Object Of Study ◽  
Dutch History

I Am going to talk to you about a period of Dutch history which is very little known in England, and as in the eighteenth century Holland had hardly any contribution of her own to make to European history, it is not likely ever to become very popular. Yet, apart from the fact that even a process of decay may be an interesting object of study, it took statesmen both in Holland and outside a considerable time to realise that the great days of the Republic were over for good. Their finding out was a matter of importance from the point of view of the European, and particularly of the English, historian, and this will properly be the subject of my paper.

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