Market impact under a new regulatory regime: Credit rating agencies in Europe

We investigate whether there are any identifiable differences in market perceptions of rating news released by Moody’s, S&P and Fitch following the establishment of a new regulatory regime in July 2011, when the European Securities and Markets Authority assumed responsibility for rating agencies’ regulation in Europe. We focus the analysis on the impact of bank rating actions on stock returns and volatility during 2008-2013. Among the intended effects of the new regulatory regime are reduced market impact of rating actions and enhanced market stability, yet we find very mixed evidence. Differentials in market responses across CRAs are identified

Praktična primjena CCB modela u Češkoj

This research aimed to present a new bankruptcy prediction model and apply this original prediction method in practice. The Come Clean Bankruptcy (or CCB) model uses relevant financial indicators and ratios to detect the signs of impending financial distress in time so that the management can take appropriate measures to avoid it. The model was applied to the data reported by 199 entities operating in the textile/clothing industry in the Czech Republic. Analyzing data reported for the previous seven years enabled us to predict which companies are more likely to end in a difficult financial situation. Afterward, comparing these predictions with the actual development of those companies in 2013-2020 serves to verify the efficacy and usability of the model to corporate reality. The research has shown that companies that went bankrupt in the analyzed period represented only a fraction of the data set (roughly 4.5%). Despite the small number of financial failures occurring during the analyzed period, the CCB model could detect impending bankruptcy in one-third of the cases.Cilj ovog istraživanja bio je predstaviti novi model predviđanja stečaja i potom ovu originalnu metodu predviđanja primijeniti u praksi. Model Come Clean Bankruptcy (ili CCB) koristi relevantne financijske pokazatelje i omjere kako bi na vrijeme utvrdio znakove nadolazećih financijskih problema tako da ih uprava može izbjeći poduzimanjem odgovarajućih mjera. Model je korišten na podacima za 199 subjekata koji posluju u tekstilnoj/odjevnoj industriji u Češkoj. Analizom tih podataka za sedam prethodnih godina moguće je predvidjeti za koje je tvrtke vjerojatnije da upadnu u tešku financijsku situaciju. Ta se predviđanja zatim uspoređuju sa stvarnim razvojem tih tvrtki u razdoblju 2013. – 2020. godine kako bi se provjerila učinkovitost i upotrebljivost modela u korporativnoj stvarnosti. Istraživanje je pokazalo da su poduzeća koja su u analiziranom razdoblju stvarno otišla u stečaj predstavljala samo djelić skupa podataka (otprilike 4,5 %). Unatoč malom broju financijskih pogrešaka koje su se dogodile tijekom analiziranog razdoblja, model CCB-a je u trećini slučajeva uspio detektirati nadolazeći stečaj

Messianic Sign in Wedding at Cana: Revealed God’s Glory and Leads Jesus' Disciples to Faith Narrative Reading of John 2,1-12

The story of the miracle of the wine in wedding at Cana is one of the most significant narrative text in the New Testament. Jesus did his first sign at the beginning of his public ministry. This study of the account of the wedding at Cana in Jn 2,1-12 is influenced by two statements “he revealed his glory and his disciple believed in him (v.11). I will approach the text by analyzing the characterization of every character in the narrative: how the character works to contribute to the theological perspective of the Gospel? The literary structure of the periscope is analyzed, and the meaning of the sign is understood as a Messianic miracle that leads the disciples to a firm belief in Jesus as the Messiah. It is argued that the revelation of glory does not create faith directly but it is link with the faith that the secret is only reveled to those who believe. The miracle of the wine is then able to reveal a profound secret concerning the person of Jesus, his union with the Father. The faith of the disciple in this text is not only an initial faith but a total faith in Jesus

You’ve Got Mail: Using Personalized Authentic Reading Experiences to Increase First Graders’ Oral Reading Fluency

Fluency is an essential component in learning to read. This research focused on exploring the impact of personalized authentic reading experiences on oral reading fluency and reading attitudes. Participants were six first-grade students enrolled in an urban public elementary school that were assessed as reading at a lower level than the majority of their classmates. Pre- and post-intervention data collection included measures of fluency (accuracy, automaticity, and prosody), comprehension, and reading attitudes. The four week intervention involved three 20-30 minute group meetings per week where students received and read personalized Pixar movie postcards. Results showed student increases in all dimensions of fluency, suggesting that the inclusion of personalized authentic reading experiences in reading instruction may benefit students’ reading fluency. While surveys of reading attitudes were somewhat inconclusive, observations suggest that the specific features of this intervention may have positive applications for a variety of reading interventions

DIVINE DEMANDS FOR JUSTICE: AN EXEGETICAL READING OF AMOS 5, 18-27

The book of Amos is one of the prophetic literatures to be read in every context of human life. While reading Amos 5,18-27 we may ask the question: What is the reason for God to hate Israel’s worship and not accepting their offering? This selected text shows a contrasting movement of relationship between God and Israel. God chooses and makes Israel his own, in order that they would be an instrument of his blessing for others. However, the Israelites failed to practice it in their daily life. In this exegetical paper, I would suggest that neglecting justice for the poor in the society provokes God’s anger to hate Israel’s worship and reject their sacrifice.  Concerning the wickedness of Israel, Amos declared that even though Israel desires for the day of Yahweh, it is darkness and not light for them (v.18) and because of their sins, God will send them into exile beyond Damascus (v. 27). God hates their attitude but still loves them as his chosen people. The purpose of Amos’s announcement is to change the hearts of ruling class’s behavior and his basic concern on socioeconomic injustices. Amos’s oracles suggest that the officials got rich in dishonesty. The exile is the consequence of the failure of Israel leaders in leading the people to live in divine will. It becomes the moment for Israel to purify themselves before God and being trained for strengthen their good relationship with Yahweh, their God

Suicide Ideation in Older Adults Recovering from Acute Conditions in a Clinical Recovery Facility

The aim of the current study was to assess suicide ideation in a sample of older adults recovering from acute conditions in a clinical recovery facility of the Portuguese Red Cross. Four indicators of suicide ideation were used. Clinical, contextual, and psychological variables—namely, previous suicide attempts, death of a family member suicide, loneliness, and interpersonal needs—were also tested to determine whether they were related to suicide ideation. Findings show suicide ideation is frequent at admission and related to patients’ previous suicide attempts. Death of a family member by suicide and patients’ functional dependency are related to some indicators of suicide ideation, and loneliness and interpersonal needs are important psychological variables relating to suicide ideation. Interpersonal needs were related to suicide ideation even after controlling for previous suicide attempts. Implications of the results for clinical practice are discussed. [Journal of Gerontological Nursing, 43(9), 31-37.

Sosialisasi Pemanfaatan Alat dan Bahan Laboratorium Sebagai Sarana Penunjang Pembelajaran Biologi Bagi Siswa SMA Negeri 2 Kefamenanu

Laboratorium menjadi sarana yang sangat penting untuk menunjang pembelajaran sains, khususnya pembelajaran biologi. Penggunaan laboratorium sebagai saran prasarana yang menunjang pembelajaran untuk membuktikan antara teori yang dipelajari dengan realita sebenarnya terjadi. Dengan kata lain, sarana prasarana ini merupakan faktor penunjang yang wajib ada karena sangat penting dimanfaatkan untuk mengoptimalkan kegiatan belajar mengajar. Dengan adanya sosialisasi mengenai pemanfaatan alat dan bahan laboratorium menunjukkan reaksi yang positif dari pihak sekolah sasaran pengabdian, yaitu SMA Negeri 2 Kefamenanu. Metode yang digunakan dalam pengabdian ini adalah penjelasan secara langsung kepada Siswa kelas X SMA Negeri 2 Kefamenanu tentang pengenalan alat dan bahan laboratorium dengan tahapan  analisis dan identifikasi permasalahan mitra, Persiapan alat dan bahan laboratorium dan Pelaksanaan kegiatan pengabdian. Peserta didik sangat senang dengan adanya kegiatan sosialisasi ini karena mereka jadi tahu manfaat yang besar dari penggunaan laboratorium dalam kegiatan belajar mengajar. &nbsp

Persepsi Siswa tentang Pemanfaatan Fasilitas Laboratorium dalam Menunjang Pembelajan Biologi di SMA Negeri 2 Kefamenanu

Penelitian ini bertujuan untuk mengetahui bagaimana persepsi siswa tentang pemanfaatan fasilitas laboratorium sebagai upaya untuk menujang kegiatan pembelajaran di SMA Negeri 2 Kefamenanu. Populasi dalam penelitian ini adalah seluruh  siswa SMA Negeri 2 Kefamenanu dan sampel penelitiannya adalah 30 siswa kelas XI yang dipilih secara acak (Random sampling). Penelitian ini menggunakan jenis penelitian kombinasi (mixed methods) kualitatif dan kuantitatif. Penelitian kuantitatif dilakukan untuk menganalisis hubungan persepsi siswa tentang pemanfaatan fasilitas laboratorium terhadap ketercapaian pembelajaran biologi dan penelitian kualitatif  untuk mengetahui deskripsi persepsi siswa terhadap pemanfaatan fasilitas laboratorium. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah kuesioner, observasi untuk melakukan penelitian dan wawancara. Hasil penelitian dengan melakukan pengisian kuisioner tentang persepsi siswa terhadap fasilitas laboratorium dalam menunjang pembelajaran biologi maka diperoleh rata-rata hasil persepsi siswa terkait fasilitas laboratorium sebesar 71,25%, sedangkan  untuk uji hipotesis menunjukkan data bahwa t hitung > t tabel, yakni 7,25 > 1,69, hal ini berarti penggunaan fasilitas laboratorium dapat menunjang pembelajaran biologi di sekola

PENGARUH FAKTOR DEMOGRAFI TERHADAP PERILAKU INVESTOR DI PASAR MODAL

Capital market is one of the important components in the current world economy. Capital market acts as liaisons between investors (financiers) with company or government institutions through a financial instrument trading. Capital market is necessary because it provides an investment alternative for investors. Investors in the stock market often show that irrational behavior in making investment decisions. A rational investor would expect a certain return to the level of risk which less than or expect a high return with a certain risk. Selected investments and the amount of funds invested by investors is strongly influenced by the behavior of investors, namely the attitude of investors against the risk that will be faced, whether financiers like risk (risk seekers), avoiding the risk (risk averter), or ignore the risk (risk indifference). The purpose of this study was to examine in depth the influence of demographic characteristics investor on investor behavior (risk seekers, risk averter) in the capital market. Based on the research objectives, this research is an explanatory research. This study was a cross sectional research. Data were collected by using a survey. The population in this study is the investors who invest in the stock market in Surabaya. Technique data analysis consisted of descriptive analysis and inferential analysis (statistical tests), in this study a statistical test used was Logistic Regression. Based on the description of the results of research and discussion, it can be concluded that the demographic characteristics of the investor has a significant influence on the behavior of investors (Risk Seeker, Risk averter) in the capital market. Keywords: Demographic characteristics investors (gender, age, status, education, work, income), behavior investors (risk seeker, risk averter