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An intriguing look at how the utilization of material hermeneutics can augment the social and political scientist's capability to interpret social events beyond the traditional parameters that textual hermeneutic and linguistic models would generally present.
Political science. --- Political science --- Hermeneutics --- Information technology --- Political Science --- Law, Politics & Government --- Political Science Study & Teaching --- IT (Information technology) --- Technology --- Telematics --- Information superhighway --- Knowledge management --- Interpretation, Methodology of --- Criticism --- Political philosophy --- Study and teaching --- Philosophy --- Political aspects
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This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that pre-crisis leverage and short-term debt have had negative effects on the speed of the recovery, while asset tangibility has had positive effects. The negative effect of leverage is non-linear, being particularly strong in firms with high pre-crisis leverage. Furthermore, the effects are different for advanced and emerging market economies. The paper also shows that the macroeconomic framework critically matters for firm growth. In particular, in countries that have allowed the exchange rate to depreciate, firms have had a faster recovery in sectors highly dependent on trade.
Business & Economics --- Economic Theory --- Global Financial Crisis, 2008-2009. --- Financial crises. --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Crises --- Financial crises --- Manufacturing industries --- Global Financial Crisis, 2008-2009 --- Global Financial Crisis (2008-2009) --- E-books --- Industries --- Manufactures --- Financial Risk Management --- Foreign Exchange --- Investments: General --- Industries: Manufacturing --- Firm Behavior: Empirical Analysis --- Financial Crises --- Corporate Finance and Governance: General --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- International Finance: General --- Industry Studies: Manufacturing: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Currency --- Foreign exchange --- Economic & financial crises & disasters --- Macroeconomics --- Manufacturing --- Depreciation --- Exchange rate arrangements --- Exchange rates --- Economic sectors --- National accounts --- Saving and investment --- United States
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The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence of the substantial spending packages that have been implemented in recent years. This has raised break-even prices—that is, the price levels that ensure that fiscal accounts are in balance at a given level of spending—in these countries. This study analyses such risks and develops measures of fiscal risk stemming from oil price fluctuations. An empirical application to hydrocarbon-exporting countries from the Middle East and North Africa region is included. Additionally, it is noted that countries with large net assets and proven oil reserves are much less vulnerable to fiscal risk than is indicated by standard measures based on break-even prices. .
Business & Economics --- Industries --- Petroleum products --- Finance, Public --- Prices. --- Cameralistics --- Public finance --- Petroleum --- Petroleum industry and trade --- Prices --- Currency question --- E-books --- Public finances --- Investments: Futures --- Macroeconomics --- Public Finance --- Forecasting and Other Model Applications --- Financial Forecasting and Simulation --- National Budget, Deficit, and Debt: General --- Nonrenewable Resources and Conservation: Government Policy --- Energy: Demand and Supply --- Commodity Markets --- Public Administration --- Public Sector Accounting and Audits --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Public finance & taxation --- Finance --- Oil prices --- Commodity price fluctuations --- Fiscal risks --- Futures --- Commodity prices --- Public financial management (PFM) --- Financial institutions --- Fiscal policy --- Derivative securities --- Qatar
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