Hanging Matters: Petty Theft, Sentence of Death, and a Lost Statute of Edward I

This article discusses an important aspect of the law relating to theft in thirteenth-century England, and one of the ways in which that law developed. Central to it is the argument that the treatise The Mirror of Justices and references in court records and reports show that a short statute enacted early in the reign of Edward I, probably in 1278, categorically defined 12d. as the amount, whether in goods or money, at which larceny became a capital felony, incurring judgment of death. As well as setting out the evidence for this hitherto overlooked ordinance, the article also argues that the statute can be associated with some significant developments in the way petty theft was treated subsequently. In particular it had the effect of promoting the development of penal imprisonment, while since the task of valuation was given to trial juries, it further enhanced the leading role of the latter in determining the fates of the men and women whose lives depended on their verdicts.

Balancing Risk and Profitability of Securities Companies – A Case Study in Vietnam

The goal of creating, forming, and developing businesses in general and securities companies in particular, whose ultimate goal is profit, high and stable profitability is the goal of any company. However, due to their specific business lines, securities companies are affected by risks such as market risk (which is the value corresponding to the level of loss that may occur when the market price of assets currently owned and expected to be owned under the underwriting commitment fluctuates in an adverse direction); Payment risk (is the value corresponding to the level of loss that may occur when the counterparty is unable to make payment on time or deliver assets on time as committed; operational risk (is the value corresponding to the level of losses that may occur due to technical errors, system and business process errors, human errors in the operation process, due to lack of business capital arising from expenses and losses from investment activities, due to other objective reasons). The problem is how the securities company can balance the safety goal, limit the possible risks and at the same time still increase the ability of the enterprise profitability. In practice, there are many methods to measure risk, but one of the most widely accepted methods of predicting risk and bankruptcy today is Z-score of the US economist's - Edward I. Altman – a lecturer of New York University faculty member set. In the US, about 95% of bankruptcies are forecast from the Z-score one year before the closing date, but this rate drops to just 74% for 2-year forecasts. From the initial Z-index forecast, Professor Edward I. Altman has developed it into Z' and Z'' to be applicable to each type and industry of the business. The Z'' coefficient is similar to the S&P credit rating.