1,720,958 research outputs found
Investigating corporate insolvency in the Gulf Cooperation Council: multiple-perspective studies
No full textThis thesis focuses on the causes of corporate insolvency, and understanding the characteristics of insolvency risk in the Gulf Cooperation Council (GCC). Multiple studies are employed to address some of the gaps which have been identified in the literature. The first study analyses corporate insolvency in the GCC region between 2004 and 2011 using multiple methodologies: a Logit model, supplemented by a Probit model and a 3-way MDS model, which enables the visualisation of key differences between insolvent and solvent firms, supplemented by Hierarchical Cluster Analysis. The Logit regression with best-subset selection criteria suggests that profitability and leverage ratios, as well as cash flow-based ratios, can predict insolvency in GCC literature. MDS results indicate that insolvent firms attach most salience to the ‘Non-strategic sales activities', unlike solvent firms which attach more salience to the other dimensions: 'Profitability and financial stability balance’, ‘Sales activities against capital conversion’, and ‘Market value against cash generation’. Hence, the results suggest that firms’ managers should focus less on non-strategic sales activities to reduce susceptibility to insolvency. Taking a multilevel perspective, the second study attempts to contextualise the nature of corporate insolvency in the GCC, using samples of firms from the UK and the USA as comparators. MDS and cluster analysis reveal four dimensions of ratios across the samples: 'effectiveness of sales and cash-generating activities ', 'trade-off between debt management and cash generation/profitability', 'usage of debt versus usage of own assets', and 'trade-off between profitability and cash-generating activities'. Unlike solvent firms, insolvent GCC firms appear very specific in the third dimension, 'usage of debt versus usage of own assets’, which did not appear as associated with macroeconomic variables. The third study is to examine the dynamic causal relationships among macroeconomic indicators of the corporate failure rate in the GCC region by using the Autoregressive Distributed Lag model (ARDL) bound test, which use quarterly dataset. These results provide evidence that oil prices in the GCC region combined with other macroeconomic indicators have an impact on the failure rate in the long-run equilibrium. In terms of the short-run, the ARDL model confirmed that the corporate failure rate is mainly determined by the previous period’s failure rate
Analysis of financial distress across countries: Using macroeconomic, industrial indicators and accounting data
No full textThis paper applies three-way multidimensional scaling and cluster analysis to examine the nature of insolvency in the Gulf Corporation Council, the United Kingdom and the United States of America between from 2004 to 2012. The findings of this paper reveal that analyzing the financial statements data with indicators of industrial and macroeconomic, provide a better understanding of the performance of the solvent and insolvent firms cross-counties. The results proved that the financial health of firms should be examined in situ within the local macro environment. There is also a clear implication for managers of firms as paying most of one's attention to one aspect of financial performance appears to increase the risk of insolvency
Analysing corporate insolvency in the Gulf Cooperation Council using logistic regression and multidimensional scaling
No full textIn this paper, we examine corporate insolvency in the Gulf Cooperation Council (GCC) region between 2004 and 2011. Data comprises 28 financial ratio variables from 112 firms. We use Logit regression with best-subset selection criteria to investigate the predictive value of the ratios in the GCC context, particularly cash flow-based ratios. We also examine the main dimensions of the ratios, and the weights firms attach to them, using 3-way Multidimensional Scaling (MDS). We find that a parsimonious Logit model with the profitability ratio EBITTL, the leverage ratio TLTA and the cash flow ratios CFFOTA and CFFOCL can predict insolvency, ex-ante, with 84.8%, 95.6% and 73.9% overall, type I and II accuracy, respectively. From MDS, we uncover four financial-ratio dimensions: (i) ‘Non-strategic sales activities', (ii) 'Profitability and financial stability balance’, (iii) ‘Sales activities against capital conversion’; and (iv) ‘Market value against cash generation’. Insolvent firms appear very specific and attach most salience to the ‘Non-strategic sales activities’ dimension, unlike solvent firms which attach more salience to the other three dimensions. Therefore, the results imply that, to reduce susceptibility to insolvency, managers should focus less on non-strategic sales activities
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
- …
