Search results for "Restructuring"

Migration and the Mediterranean: The EU’s Response to the “European Refugee Crisis”

2020

This chapter describes and examines the origin, nature and development of the so-called “European refugee crisis” and particularly analyzes the internal and external measures taken by the EU and its Member States in response to it. Our inquiry focuses on the following measures: (1) hotspots and emergency support for affected Member States, (2) relocation, (3) resettlement and other legal ways of entry, (4) the CEAS reform, (5) addressing irregular migration through border controls and countering smuggling and trafficking, (6) return and readmission, (7) the EU–Turkey Statement, (8) additional cooperation with third countries as well as (8) (trust) funds to support regions of origin and tran…

Estrategias de afrontamiento en padres de niños con cáncer

2012

Se pretende conocer las estrategias de afrontamiento que utilizan los padres de niños con cáncer ante al reto que supone esta enfermedad. Se ha utilizado una metodología de investigación grupal y cualitativa. La muestra la constituyen 14 madres/padres cuyos hijos hace más de dos años que han contraído la enfermedad. Se ha comprobado que los padres utilizan una gran variedad de estrategias. Unas son activas: centrada en el problema (adecuación a la acción y calma, entereza y reflexión); regulación afectiva; búsqueda de información; adquisición de apoyo social, instrumental, informativo y/o emocional; reevaluación o reestructuración cognitiva y pensamiento positivo; y distracción. Otras son p…

Virtuous hybridization in agro-urban spaces

2014

Sprawl, urban decentralization, marginality of outskirts, presence of high-speed Infrastructures and ecological networks are some of the most pressing issues moved from the contemporary urban context. In many cases, sprawl saturating areas of agricultural land. Therefore, it is pertinent to ask which are potentiality areas like the Plain of Castellammare Gulf (Sicily) still characterized by the prevalence of agricultural land on built ground? This context suggests seek responses to urban issues starting from cultural, virtual and material resources of the farmland, thereby starting the contamination processes between the traditional categories of "rural" and "urban". However both these enti…

Opening the Door for the Opportunistic Use of Interim Financing: A Critical Assessment of the EU Draft Directive on Preventive Restructuring Framewor…

2018

The draft of the EU Directive on Preventive Restructuring Frameworks and Second Chance (the "Directive") provides rules for adopting reorganisation plans in order to avoid insolvency. The draft Directive also provides rules on the related problem of interim financing. According to the draft Directive, interim financing should be encouraged and not be made subject to clawback unless parties have committed fraud or acted in bad faith. The Directive thereby fails to recognise that finance transactions are too diverse in nature to provide the company and its financial creditors with a transaction avoidance free period. If the Directive is adopted in its current form, it will open the door for o…

Corporate crisis management in Italy: execution, monitoring and performance analysis of recovery business and financial plans

2018

This paper presents a thourugh investigation of how corporate crises are managed in the Italian context. It offers an investigation of the legal, accounting, finance and managerial aspects that are involved in the formal resolution of the crisis. The paper adopts a qualitative methodology consisting in a critical review of both the academic and the practical literature to present a systematic overview of how recovery plans are executed, monitored and their performance analyzed. The paper presents important insights for researchers, practitioners, enterpreneurs and managers interested in crisis management.

Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

2011

Traditional methods for evaluating corporate credit risk rarely consider the impact of the macro economy on corporate value and performance. We argue that lenders and management can obtain valuable information about the need for and approach to restructuring by decomposing default predictions into intrinsic and macroeconomic factors. We apply a method previously used for measuring macroeconomic exposures on default predictions in order to filter out macroeconomic factors. In this paper the method is applied on an analysis of the Z-scores for GM and Ford for the period 1996-2005. The macro-economy has affected the two firms in different ways with implications for managements and creditors ap…

Business Restructuring As A Tool Of Financial Strategy Of A Company

2014

Financial Sector Reform After the Crisis: Has Anything Happened?

2013

We analyze the reactions of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial markets indeed reacted to the structural reforms enacted at the national level. All reforms succeeded in reducing bail-out expectations, especially for systemic banks. However, banks' profitability was also affected, showing up in lower equity returns. The strongest effects were found for the Dodd-Frank Act (especially the Volcker rule), whereas market reactions to the German restructuring law were …

Restructuring university degree programmes: a new opportunity for ethics education?

2008

This article explores the possibilities of reinforcing ethics education at the university level within the context of new internationalisation processes. The situation in Spain is used as a case study. The article begins with a review of the rationale behind this issue and goes on to analyse the place of the ethical dimension in education in the proposals for adapting Spanish university degree programmes to the European Higher Education Area. Fieldwork carried out at three higher education institutions reveals that, while professors accept the institutional function of the university in ethics education, their hazy conception of the matter weakens the likelihood of a pedagogical approach in…

Financial Sector Reform after the Crisis: Has Anything Happened?

2013

We analyze the reaction of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial markets indeed reacted to the structural reforms enacted at the national level. All reforms succeeded in reducing bail-out expectations, especially for systemic banks. However, banks’ profitability was also affected, showing up in lower equity returns. The strongest effects were found for the Dodd-Frank Act (especially the Volcker rule), whereas market reactions to the German restructuring law were s…