95 research outputs found

    Are bank risk disclosures informative? Evidence from debt markets

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    This study examines whether financial reporting with a specific focus on risk disclosures have a predictive (informative) effect on banks’ credit ratings (BCRs) and, consequently, ascertains whether governance structures can moderate such an association. Using one of the largest bank-level datasets collected from 12 Middle East and North African (MENA) countries over the 2006-2013 period to-date, our findings are as follows. First, we find that risk disclosures have a predictive effect on BCRs. Second, we find that the relationship between risk disclosures and BCRs is contingent on the quality of governance structures. Specifically, we find that the informativeness of risk disclosures on BCRs is higher in banks with larger board size, greater independence, higher government ownership, and better Shariah supervisory board, but lower in banks with greater block ownership, higher foreign ownership and the presence of CEO duality. The central tenor of our findings remains unchanged after controlling for a number of firm- and country-level factors, alternative risk disclosure measures, firm- and national-level governance proxies, different types of banks, and potential endogeneities. The findings have important implications for investors, especially bondholders, standard-setters, regulators, and central governments

    Twenty yeaes of multi partyism ub Egypt: A Debate

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    The first of two issues that contain a collection of papers delivered at the Cairo Papers 20th Anniversary Symposium, this volume covers political and economic issues. Contributors include: Ali E. Hillal Dessouki, John Westley, Galal Amin, Ibrahim Awad, Paul Sullivan, Mostafa Kamel al-Sayyid, Andrew Tabler, Ann McLennan Smith, and Charles Perreault.https://fount.aucegypt.edu/faculty_book_chapters/1977/thumbnail.jp

    The regulation of labour and the state in the Sudan : a study of the relationship between the stage of social and economic development and the autonomy of labour relations law

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    The thesis is a study of labour regulation and the State in the Sudan in the light of a general theoretical conception of labour law and the State. The first Chapter defines the concepts of analysis that are used throughout the study, isolates the "essential" properties of the Capitalist State and Law from the historically concrete forms which they assume in a particular society and distinguishes between processes which influence development of the form of law and others which influence its sociological development. Drawing on the analysis in Chapter I, Chapter II exposes the inter-relationship between the Sudanese social formation, State and Law and the implication of this inter-relationship for both the form and substance of labour relations law. Chapters III, IV and V are specific verifications of the hypothesis regarding the inter-relationship between the State and labour relations law in the Sudan and that regarding the development of the "substance" and "ideology" of law in general. The thesis considers law as an empirically-founded discipline. But, it distinguishes between various types of empirical facts about law corresponding with respective semi-autonomous social levels at which law asserts its existence. The research method followed describes the empirical facts about law at the particular level and, in order to determine the epistemological significance of these facts, analytically relates them to empirical facts at other levels. Wherever used in the thesis the term "theory" signifies either this methodological procedure of analysing the inter-connection of empirical facts at a certain level and their inter-relation with other facts at other levels, or the substantive generalizations about law which findings at these various levels would allow. I consider my application of this methodology to the study of labour rela tions law, the historical dimension this application introduces in socio-economic analysis of this law, the criticism of certain Marxist and other sociological conceptions of law it enables, and the socio-histor ical relativity of the "substance" and "ideology" of law it reveals as original contributions to the knowledge of labour law. The compilation and evaluation within the framework of the thesis of empirical materials on industrial relations in the Sudan are likewise original contribution to the knowledge of Sudanese "labour law" and labour law in general

    Assessing palatal mobility in post-tonsillectomy patients

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    AbstractObjectives: To assess palatal mobility in post-tonsillectomy patients. Material and methods: This study was conducted in one year duration in Sohag University Hospital and consisted of 100 patients with ages ranging from 4 to 21years. Inclusion criteria: history with previous tonsillectomy at least since 6months or more. Exclusion criteria: any neurological deficit, muscular disorder or structural defects of the palate such as cleft palate or submucous cleft palate. All patients had undergone ear, nose and throat examination. Palatal mobility was assessed through oral examination. Further assessing palatal mobility by endoscopic examination and videofluoroscopy was done for those who have poor palatal mobility detected by intraoral examination. Result: Forty patients (23 males, 17 females) had poor palatal mobility on oral examination. Fourteen patients (8 males, 6 females) had definite poor palatal mobility on endoscopic examination. On Auditory Perceptual Assessment, 12 patients had closed nasality and 2 patients had mixed nasality. On endoscopic examination, 14 patients had a large adenoid. In 12 patients, the velopharyngeal orifice closure was veloadenoidal closure while in the other 2 patients there was slight velopharyngeal incompetence (coronal closure). Conclusion: Poor palatal mobility may be caused by malpractice of tonsillectomy or it may be a sign that was present and missed by the otolaryngologist. Pre-tonsillectomy evaluation of palatal mobility should be done by nasofiberoptic endoscope and/or videofluoroscopy. Also post-tonsillectomy evaluation of palatal mobility should be taken in consideration if adenoidectomy is needed to prevent possible postoperative open nasality

    Assessing Kufa University EFL Students’ Awareness of Lexical and Grammatical Collocation in English

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    This study is an attempt to assess Kufa University EFL students’ awareness of lexical and grammatical collocation in English. It concerns itself with identifying which aspect of collocation is more or less challenging for the students. Thus, this study aims to find out whether there are significant differences between the participants’ performance with respect to both lexical and grammatical collocations in three colleges at the University of Kufa- namely: College of Languages, College of Arts and College of Education. Therefore, a test comprising 20 multiple-choice items concerning both types of collocation has been administered to a sample of 30 students randomly and equally selected from the three aforementioned colleges (10 participants from each college). The test results have validated the study hypothesis that Kufa University EFL students’ knowledge of both types of collocation is inadequate and lacking. Notwithstanding, findings of the study have demonstrated that there is a statistically significant difference regarding students’ performance on the test. Students performed well better on the lexical collocations test items than on the grammatical ones, which also proves the study's other hypothesis

    Assessing Kufa University EFL Students’ Awareness of Lexical and Grammatical Collocation in English

    No full text
    This study is an attempt to assess Kufa University EFL students’ awareness of lexical and grammatical collocation in English. It concerns itself with identifying which aspect of collocation is more or less challenging for the students. Thus, this study aims to find out whether there are significant differences between the participants’ performance with respect to both lexical and grammatical collocations in three colleges at the University of Kufa- namely: College of Languages, College of Arts and College of Education. Therefore, a test comprising 20 multiple-choice items concerning both types of collocation has been administered to a sample of 30 students randomly and equally selected from the three aforementioned colleges (10 participants from each college). The test results have validated the study hypothesis that Kufa University EFL students’ knowledge of both types of collocation is inadequate and lacking. Notwithstanding, findings of the study have demonstrated that there is a statistically significant difference regarding students’ performance on the test. Students performed well better on the lexical collocations test items than on the grammatical ones, which also proves the study's other hypothesis

    The political economy of crisis in the Sudan 1973-1985

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    This thesis examines the political economy of the Sudan to reveal the nature and causes of the 1973-85 particular crisis in that country. The 1973-85 crisis is placed within the historical context of recurrent crises which have characterised the independent Sudan. It is argued that political and economic crises have occurred over the period 1956-1985 and several common features of these crises can be identified to constitute general political and economic trends. In their turn, they have characterized the general crisis since independence in 1956. The general crisis facing the Sudan is an organic crisis of transformation. Twenty nine years have elapsed between the Sudan becoming independent and 1985, the end of the period under study. The problems of transforming the inherited colonial economy and structures have remained on the national agenda since then, without resolution. The study of the colonial political and economic legacy provided an important component of the thesis as it reflected on the process of the articulation of the capitalist mode of production and the pre-capitalist modes of production which had prevailed in the country before the re-conquest of the Sudan in 1898. Political, institutional and market interrelationship affected the nature of the Sudanese economy, class structure and class struggle. The nature of the colonial state as an authoritarian and relatively autonomous state left its features in the political economy of the country. In trying to understand the crisis both in its particular and general manifestations the thesis examines the nature of the post-colonial state and its historical development. The colonial heritage of the country and the concrete class struggle gave the post-colonial state its nature and constituted its crisis. In revealing the nature of the post-colonial state a ruling power bloc is identified. That power bloc was composed of the religious and tribal aristocracy, the bourgeoisie and the military and civilian bureaucracy. The thesis argues that the crisis of the post-colonial state is a crisis of hegemony. The failure of the dominant power bloc, a fraction or a class of it to establish its hegemony is the main cause of the crisis of the state and the particular form of that crisis: the military civilian governments alterance in power. The post-colonial state's ability to use coercion was legitimately limited and its tendency towards authoritarianism was challenged by the urban democratic movement and the effective regional forces, especiallyt he Southern Sudanese. The politics of ethnic conflicts were closely related to the composition of the ruling power bloc as Northern, and of Arab Islamic culture. It was in the politics of ethnic conflicts that coercion was widely used against the Southern people. The civil war which struck the country twice contributed to the crisis of the post-colonial state. The essence of crisis of the economy is found in the crisis of agricultural production both in its irrigated and rain-fed sub-sectors. Though the nature of the crisis in both sectors is found in the process of articulation of capitalist and pre-capitalist modes, the result of the articulation process is different in both sub-sectors. Within this context the particular 1973-85 crisis is studied. The particular crisis is a continuation of the general post-colonial-crisis, yet distinguishable. The military bureaucratic fraction of the new petty bourgeoisie which dominated the state during the 1973-1985 period failed to establish its hegemony and ruled the country through an authoritarian state. The failure to build an alliance with the urban democratic movement in the North between 1969 and the July 1971 coup d'etat was a turning point in the history of the Nimeiri regime. The National Reconciliation of 1977 did not reach its logical conclusion by widening the base of the regime. The promulgation of Islamic Sharia Law in 1983 did not promote the regime's quest for legitimacy and remained to be an additional tool of repression. The study of the economic crisis of 1973-85 revealed that it was a continuation of the general crisis, as well as a particular crisis of simple and extended reproduction that resulted from specific policies of the regime. The regime failed to transform the structure of the economy. Despite the expansion, the economy remained unevenly developed, export-oriented, with weak inter-sector and inter-regional linkages; liable to be severely affected by intemational crises and moderately benefiting from international booms

    UniCouncil_1936-38_014

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    MTHUgES OF COUNCIL - March 23, 1937 5*10 p*m. * * * ****** 1670. P^ESENg » President Watsen in the chair, Messrs Cleland, McClenahan, Galt Vender sail. 1671. jgpAMIDS SISE FILUHfi t Dr. Olelsmd reported far the Suburban Property Committee that a contract had been given to Abdel Fadeal Hussein, Saleh Bayoumi and Bishai ’Awad, contractors for filling in the ditch, about 20,000 cubic meters @ 52 mills per cubic meter; time limit four months; Muss ad MI try supervising. 1672. jpasgRA3£Cff_JgUIjD i Dr. MoOlenahan reported that he has been pressing with Mr. Mizrahi and the Ministry of Finance, to have the case acted on before the Minister leaves Cairo in April. A few more days should see the necessary papers ready for present at icn. 1673. IROffiRffV • Council approved several recanmendatians from the Property Committee meeting to-day * a) - A request to rent Ewart Hall to the Rev. Ibrahim Said’s congregation on Sunday mornings at L.E.100 a year. bJ - Egyptian Broadcasting’s use of Ewart Hall, provided adequate censoring is done, and the University has the right to cancel on one month's notice# c) - Restriction of the use of Ewart and Oriental Halls on Sunday for religious meetings only. d) - Purchase of equipment for receptions in Oriental Hall, not to exceed L.E.30*000; the Kitchen to be repaired and equipped for storage. Messrs Vandersall and Farrell were appointed a conmittee to draft rules for using this equipmaat. 1674. ABJQUHLSpjffig t at 5*50 p.m. to meet on March 29 at 4* p«m. H. W*. Vandersall, Secretary
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