Die fehlerhafte Personengesellschaft im deutschen und französischen Recht

The legal figure of the defective partnership looks back on a long tradition in both German and French law, with German law following the French model in its early days. A comparative study of the doctrine of the defective partnership in both countries is therefore worthwhile, also with regard to the current legal regulation in France. Despite the different dogmatic approaches, important opportunities for comparison are revealed. Particularly in the constructive classification of the phenomenon of facticity in civil law, the perspective of French law can prove to be extremely fruitful for German dogmatics.

De Le livre rouge a El libro rojo: la mexicanización de un proyecto literario francés

The article peruses the influence of Le livre rouge (1863) in Vicente Riva Palacio’s and Manuel Payno’s El libro rojo (1870). It expounds how those responsible for El libro rojo, instead of just copying the French model, adapted it into a certain written and visual representation of history: violent, liberal, and providential. The article’s structure follows the Mexican version’s four innovations: martyrological hagiographies were elaborated instead of disquieting biographies; lithography, of greater expressive power, was substituted for the engraving technique; a taxonomy of violence was discarded in favor of a periodization based on the spillage of blood; lastly, the oeuvre was endowed with a liberal optimism absent from the French text. Thus, El libro rojo is situated within a context of transatlantic influences, which highlights its uniqueness, and illuminates the liberal and triumphalistic representation of Mexican history.

The effect of macroeconomic variables on the robustness of the traditional Fama–French model. A study for Mexico using different portfolios

PurposeFama–French model (FFM) has been successful in helping to predict the financial markets, but investors have been interested in creating more sophisticated models to better predict the performance of the stock market. The objective of the extended version is to create a more robust econometric model to better predict the performance of the Mexican Stock Market.Design/methodology/approachThe study divides the Mexican Stock Market into six different portfolios. The criteria to build those portfolios are the same one used in Fama–French (1992). The study comprises 78 stocks listed in the Mexican Stock Market that are analyzed monthly during 1997–2018. The study analyzes the period before and after the 2008–2009 financial crisis to identify whether there are important changes. The estimation applies the traditional and an extended version of the FFM that include macroeconomic variables such as country risk, economic activity, inflation rate, and exchange rate and some financial variables recommended in the literature.FindingsResults indicate that classic FFM variables are statistically significant in most cases, but relevant macroeconomic variables such as the interest rate, exchange rate and country risk stand out for being weakly relevant in most of the portfolios. However, it is noticed that some of these macroeconomic variables became relevant for different portfolios only after the 2008–2009 crisis, especially in portfolios which include small market capitalization firms.Research limitations/implicationsThe study includes the stocks listed in the Mexican Stock Market. One limitation is the small number of stocks available, which reduces the possibility of creating well diversified portfolios. This study includes 78 stocks. The stocks removed from the sample are from firms that were not listed during six consecutive months or whose market capitalization did not change in the same period. Outlier data were removed from the sample to capture in better way the general performance of the stock market.Practical implicationsThe objective of the extended version is to create a more robust econometric model than the traditional model. It is expected that such estimations can be helpful to investors to make better decisions when they try to predict performance in the stock market.Social implicationsAn extended version of the FFM can be helpful to investors to make better decisions when they try to predict performance in the stock market.Originality/valueTo the best of our knowledge there are no more studies in the literature of the Mexican financial market that apply the same methodology.

On the Latin-Romance continuum in the Durham Account Rolls

This article provides an overview of the Romance-Latin continuum, inherent to the Durham Account Rolls (DAR), and contextualises the learning and teaching of French and Latin in medieval England: an understanding of the socio-historical context and the underlying pedagogical framework enables us to better assess the data presented in this article. In line with a detriment to the learning of French in the late 14th century and a progressive loss of linguistic competence, the definite article in these multilingual texts started to develop an independent course from its French model which is herein discussed. The parameters for identifying lexis as coming only from French, Latin, or both are also revisited. The occurrences in the DAR usually encompass a whole spectrum of possible morphological manifestations ranging from Latin to French. This article concludes with some notes on the main semantic domains to which Anglo-French contributed in the DAR.