An empirical model for predicting the feasibility of corporate turnaround

The primary objective of this research was to identify the determinants of corporate turnaround feasibility and their effect (in terms of their state of existence and their existence) on the probability of corporate turnaround feasibility in Successful and Non Successful Turnaround Companies. The other objective was the development of an empirical model of the determinants of corporate turnaround feasibility capable of predicting the feasibility of corporate turnarounds. One hundred \u27troubled companies \u27 were identified out of two hundred and eleven publicly listed companies of the Kuala Lumpur Stock Exchange through observations of their share price performance, earnings before interest and tax, earnings after interest and tax and by the Malaysian Z- Score (PNB Score) failure detection model test. They were further demarcated into 57 Successful Turnaround Companies (STC) and 43 Non Successful Turnaround Companies (NSTC). These two groups were then compared on the determinants of turnaround feasibility. The study confirms that the feasibility of corporate turnaround of an organisation is dependent on the existence (exists or non existant) and the state of existence (whether favourable or non favourable) of a set of variables or determinants of corporate turnaround feasibility i.e. Causes of Decline, Severity of Crisis, Company\u27s Historical Strategy, Industry Characteristics, Company\u27s Cost Price Structure, Commitment of Shareholders, Commitment of Bankers, Commitment of Creditors, Commitment of Employees, New Competent Management, Viable Core Business, Bridge Capital and Realistic Turnaround Plan. In identifying the existence and the state of existence of the key determinants of corporate turnaround feasibility in the STC and the NSTC, it was found that the STC had higher occurrences of favourable states of existence for the key determinants than the NSTC. STC\u27s were also found to experience higher occurrences of existence (exists) in the key determinants compared to the NSTC. A \u27Corporate Turnaround Feasibility Intensity Model\u27 was developed to test corporate turnaround feasibility intensity level. Subsequently, the empirical model or the multivariate logistic regression model was then applied to finalise and reaffirm the feasibility of the corporate turnaround of the organisation. The qualitative and empirical models complement each other in their application, or used on their own can test the feasibility of corporate turnaround. The availability of both qualitative and empirical models above to test and to predict the feasibility of corporate turnaround from this research can help solve one of the biggest dilemmas facing numerous shareholders, top management, management consultants and bankers, namely, deciding whether to go ahead with the turnaround process or not. The models can help save costly errors in terms of money, labour cost, psychological turmoil, time and wasteful resources due to wrong decision making. They also constitute a new contribution to knowledge

An overview of the evolution of infrared spectroscopy applied to bacterial typing

The sustained emergence of new declared bacterial species makes typing a continuous challenge for microbiologists. Molecular biology techniques have a very significant role in the context of bacterial typing, but they are often very laborious, time consuming and eventually fail when dealing with very closely related species. Spectroscopic-based techniques appear in some situations as a viable alternative to molecular methods with advantages in terms of analysis time and cost. Infrared and mass spectrometry are among the most exploited techniques in this context: particularly, infrared spectroscopy emerged as a very promising method with multiple reported successful applications. This article presents a systematic review on infrared spectroscopy applications for bacterial typing, highlighting fundamental aspects of infrared spectroscopy, a detailed literature review (covering different taxonomic levels and bacterial species), advantages and limitations of the technique over molecular biology methods and a comparison with other competing spectroscopic techniques such as MALDI-TOF MS, Raman and intrinsic fluorescence. Infrared spectroscopy possesses a high potential for bacterial typing at distinct taxonomic levels and worthy of further developments and systematization. The development of databases appears fundamental towards the establishment of infrared spectroscopy as a viable method for bacterial typing.FCT -Fundação para a Ciência e a Tecnologia(PT2020 UID/QUI/50006/2013)info:eu-repo/semantics/publishedVersio

Васатиййа в Магрибинском Суфизме

This paper examines the phenomenon of wasatiyya (moderation and rejection of extremes) in the Sufi tradition of Maghreb. This concept is defined as avoidance of extreme ideas, primacy of justice ( adl ), straightforwardness ( istiqama ), absence of class demarcation and separation of élite. The author stressed the impotence of this concept from the beginning of the Sufi tradition in Maghreb. Wasatiyya exercised dominion there with the line of al-Junayd, doctrines of Abu Madyan and Abu al-Hasan al-Shadhili. This concept also influenced on the colonial period. Majority of mystics have negated any resistance against colonial forces.В статье рассмотрен феномен васатиййа (умеренность, отказ от крайностей) в суфийской традиции Магриба. Этот концепт подразумевает отказ от крайних идей, главенство справедливости ( адл ), прямоту ( истикама ), отсутствие сословного разделения и выделения элиты. Автор подчёркивает важность этой концепта с самого начала развития суфизма в Магрибе. Васатиййа была главенствующим направлением среди последователей ал-Джунайда, Абу Мадйана и Абу-л-Хасана аш-Шазили. Этот концепт имел влияние также и в колониальный период: большинство мистиков отвергало идею сопротивления колониальным войскам

Al Tafadhul Wa Al Takamul

519 hal.; 24 c

Future Fictions

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