How did revenue diversification affect bank performance in emerging economies during the financial crisis?

This study examines the impact of revenue diversification on bank performance in group E7 including seven largest emerging countries during financial crisis from 2007 to 2010. They are Brazil, China, Indonesia, India, Mexico, Turkey and Russia. The tests are executed to investigate whether revenue diversification strategy offers better risk-return tradeoffs and therefore boost performance and greater safety for these emerging banking industries. The thesis documents the increase of non-interest income at those banks in the period of time, and then assesses the financial implications of changes by evaluating diversification and risk-adjusted return measurement. Multiple regressions analyses using cross-sectional regressions and fixed effects regressions on panel data are applied. Evidence suggests that diversification benefits exist in emerging banks during financial crisis, and these gains have been offset by the increased exposure to non-interest activities. The diversification benefits are also found in individual banks over time. The findings also reveal that revenue diversification effect is non-linear with risk and it is conditioned by the risk level. Moreover, empirical diversification is seen to be not homogeneous across bank specific pillars. Interestingly, it apparently indicates that the diversification effect is found to positive and quantitatively large for other-bank category, comparatively less benefits for commercial banks, and insignificant prosperity for investment banks and cooperative banks. Finally, empirical findings prove that banks which are large and well-capitalized have more incentives to diversify.fi=Opinnäytetyö kokotekstinä PDF-muodossa.|en=Thesis fulltext in PDF format.|sv=Lärdomsprov tillgängligt som fulltext i PDF-format

The politics of numbers and additionality governing the national Payment for Forest Environmental Services scheme in Vietnam: A case study from Son La province

Payments for forest environmental services (PFES) is a major breakthrough policy in the Vietnamese forestry sector because it contributes 25% of the total investments in the forestry sector and serves as the first market-based instrument employed to protect forests. However, there is little empirical evidence of its effectiveness. Is the policy meeting the core objectives of improving forest cover and forest quality and is it also achieving its claims of supporting local livelihoods? This paper analyses the environmental, social, and economic impacts of PFES in Son La province, the longest standing implementation of a PFES scheme in Vietnam. Our study uses a sampling method that incorporates pre-matching and a before-after-control-intervention approach. Data was collected from government statistics, remote sensing analysis, focus group discussions involving 236 people, surveys with a total of 240 households, and key informant interviews with 45 people. Our findings show that additionality of PFES in Son La is controversial and depends on who collects the data and what data is used to evaluate the impacts of PFES. Data collection is also politicized to serve central, provincial and district government interests. Evidence shows that PFES has provided little additional income to individual villagers to protect forests in Son La. However, total PFES revenue paid to communities generates significant income for village communities. Moreover, not all villagers can receive continuous payments from PFES, meaning that PFES has not become a stable source of income, rendering the permanence of PFES limited. Improving monitoring and evaluation policies coupled with transparent, inclusive, independent mechanisms are essential to providing a more accurate reflection of impacts from PFES in Vietnam

The private sector : Can zero deforestation commitments save tropical forests?

Key messages • There are three approaches to private sector commitments on zero deforestation: individual company or group-level adoption of voluntary standards; sector-wide supply chain-based interventions; and mixed supply chain and territorial initiatives at jurisdictional level. • The main implementation challenges of these approaches are the limits of voluntary standards, traceability systems that are difficult to implement, selective actions that cannot deliver at scale, associated leakage effects, and persistence of segmented supply chains. • Approaches have evolved to deal with such challenges, however progress requires committed companies to increase implementation efforts, other supply chain actors to adhere to commitments, and governments to harness the potential of jurisdictional approaches.Peer reviewe

What drives smallholder tree growing? : Enabling conditions in a changing policy environment

Peer reviewe

An update and reassessment of vascular plant species richness and distribution in Bach Ma National Park, Central Vietnam

Bach Ma National Park (BMNP) is recognized as an essential biodiversity hotspot in Vietnam because of its diverse topography, high species richness and threatened and endemic species. This study updates the richness and distribution of vascular plant species in the BMNP by intergrading data from literature, field surveys, key-informant interviews and participatory observations. Our results showed that the park has a high diversity of vascular plants with 1,874 species belonging to 192 families, 6 phylums including Psilotophyta, Lycopodiophyta, Equisetophyta, Polypodiophyta, Pinophyta, and Magnoliophyta. It also indicates that 199 out of 1,874 vascular species in the BMNP are listed as endangered, precious and rare plant species of Vietnam. In particular, 55 species are part of the IUCN 2020 list, in which 9 are critically endangered species (CR), 15 are endangered species (EN), and 31 are vulnerable species (VU). According to the rankings of the Red List Vietnam (2007), 6 species of CR (accounting for 13.64% compared with the whole country), 36 species of EN (20%), and 52 species of VU (26%) were found in this area. The results provided that vascular plant species are distributed into 2 types based on high altitude (threshold at 900m), but there are no dominant communities. The findings may be essential information for foresters and biologists to recognize and use it as the newest update for their next scientific research in conservation and resource management.Vườn Quốc gia (VQG) Bạch Mã được xem là một điểm nóng đa dạng sinh học quan trọng ở Việt Nam vì địa hình đa dạng, độ phong phú loài cao, đặc biệt là các loài đặc hữu và nguy cấp. Trong nghiên cứu này, chúng tôi đã cập nhật sự phong phú và phân bố của các loài thực vật bậc cao tại VQG Bạch Mã bằng cách kết hợp dữ liệu từ tổng quan tài liệu, khảo sát thực địa, phỏng vấn người am hiểu và điều tra có sự tham gia. Kết quả cho thấy VQG có hệ thực vật bậc cao phong phú với 1.874 loài, thuộc 192 họ, 6 ngành bao gồm Psilotophyta, Lycopodiophyta, Equisetophyta, Polypodiophyta, Pinophyta, Magnoliophyta. Kết quả chỉ ra rằng 199 trong số 1.874 loài thực vật bậc cao tại VQG này được xếp vào danh sách các loài nguy cấp của Việt Nam. Đặc biệt, có 55 loài thuộc danh mục của IUCN năm 2020, trong đó có 9 loài Cực kỳ nguy cấp (CR), 15 loài Nguy cấp (EN) và 31 loài Sẽ nguy cấp (VU). Trong khi đó, theo xếp hạng của Sách Đỏ Việt Nam (2007), nghiên cứu cho thấy có 6 loài CR (chiếm 13,64% so với cả nước), 36 loài EN (20%) và 52 loài VU (26%). Phát hiện của chúng tôi cũng chỉ ra rằng đặc điểm phân bố của các loài thực vật bậc cao ở VQG Bạch Mã gồm 2 kiểu rừng dựa trên độ cao (mức 900m), nhưng không có quần xã nào chiếm ưu thế. Các kết quả này được kỳ vọng sẽ là nguồn thông tin cần thiết cho các nhà hoạt động lâm nghiệp và sinh vật học sử dụng nó như một bản cập nhật mới nhất cho các nghiên cứu khoa học tiếp theo trong bảo tồn và quản lý tài nguyên

Global, regional, and national burden of chronic kidney disease, 1990–2017 : a systematic analysis for the Global Burden of Disease Study 2017

Background Health system planning requires careful assessment of chronic kidney disease (CKD) epidemiology, but data for morbidity and mortality of this disease are scarce or non-existent in many countries. We estimated the global, regional, and national burden of CKD, as well as the burden of cardiovascular disease and gout attributable to impaired kidney function, for the Global Burden of Diseases, Injuries, and Risk Factors Study 2017. We use the term CKD to refer to the morbidity and mortality that can be directly attributed to all stages of CKD, and we use the term impaired kidney function to refer to the additional risk of CKD from cardiovascular disease and gout. Methods The main data sources we used were published literature, vital registration systems, end-stage kidney disease registries, and household surveys. Estimates of CKD burden were produced using a Cause of Death Ensemble model and a Bayesian meta-regression analytical tool, and included incidence, prevalence, years lived with disability, mortality, years of life lost, and disability-adjusted life-years (DALYs). A comparative risk assessment approach was used to estimate the proportion of cardiovascular diseases and gout burden attributable to impaired kidney function. Findings Globally, in 2017, 1·2 million (95% uncertainty interval [UI] 1·2 to 1·3) people died from CKD. The global all-age mortality rate from CKD increased 41·5% (95% UI 35·2 to 46·5) between 1990 and 2017, although there was no significant change in the age-standardised mortality rate (2·8%, −1·5 to 6·3). In 2017, 697·5 million (95% UI 649·2 to 752·0) cases of all-stage CKD were recorded, for a global prevalence of 9·1% (8·5 to 9·8). The global all-age prevalence of CKD increased 29·3% (95% UI 26·4 to 32·6) since 1990, whereas the age-standardised prevalence remained stable (1·2%, −1·1 to 3·5). CKD resulted in 35·8 million (95% UI 33·7 to 38·0) DALYs in 2017, with diabetic nephropathy accounting for almost a third of DALYs. Most of the burden of CKD was concentrated in the three lowest quintiles of Socio-demographic Index (SDI). In several regions, particularly Oceania, sub-Saharan Africa, and Latin America, the burden of CKD was much higher than expected for the level of development, whereas the disease burden in western, eastern, and central sub-Saharan Africa, east Asia, south Asia, central and eastern Europe, Australasia, and western Europe was lower than expected. 1·4 million (95% UI 1·2 to 1·6) cardiovascular disease-related deaths and 25·3 million (22·2 to 28·9) cardiovascular disease DALYs were attributable to impaired kidney function. Interpretation Kidney disease has a major effect on global health, both as a direct cause of global morbidity and mortality and as an important risk factor for cardiovascular disease. CKD is largely preventable and treatable and deserves greater attention in global health policy decision making, particularly in locations with low and middle SDI

Spatiotemporal evolution of SARS-CoV-2 Alpha and Delta variants during large nationwide outbreak of COVID-19, Vietnam, 2021

We analyzed 1,303 SARS-CoV-2 whole-genome sequences from Vietnam, and found the Alpha and Delta variants were responsible for a large nationwide outbreak of COVID-19 in 2021. The Delta variant was confined to the AY.57 lineage and caused >1.7 million infections and >32,000 deaths. Viral transmission was strongly affected by nonpharmaceutical interventions

Epidemiology of facial fractures: Incidence, prevalence and years lived with disability estimates from the Global Burden of Disease 2017 study

Background: The Global Burden of Disease Study (GBD) has historically produced estimates of causes of injury such as falls but not the resulting types of injuries that occur. The objective of this study was to estimate the global incidence, prevalence and years lived with disability (YLDs) due to facial fractures and to estimate the leading injurious causes of facial fracture. Methods: We obtained results from GBD 2017. First, the study estimated the incidence from each injury cause (eg, falls), and then the proportion of each cause that would result in facial fracture being the most disabling injury. Incidence, prevalence and YLDs of facial fractures are then calculated across causes. Results: Globally, in 2017, there were 7 538 663 (95% uncertainty interval 6 116 489 to 9 4

An Outbreak of Severe Infections with Community-Acquired MRSA Carrying the Panton-Valentine Leukocidin Following Vaccination

Background: Infections with community-acquired methicillin-resistant Staphylococcus aureus (CA-MRSA) are emerging worldwide. We investigated an outbreak of severe CA-MRSA infections in children following out-patient vaccination. Methods and Findings: We carried out a field investigation after adverse events following immunization (AEFI) were reported. We reviewed the clinical data from all cases. S. aureus recovered from skin infections and from nasal and throat swabs were analyzed by pulse-field gel electrophoresis, multi locus sequence typing, PCR and microarray. In May 2006, nine children presented with AEFI, ranging from fatal toxic shock syndrome, necrotizing soft tissue infection, purulent abscesses, to fever with rash. All had received a vaccination injection in different health centres in one District of Ho Chi Minh City. Eight children had been vaccinated by the same health care worker (HCW). Deficiencies in vaccine quality, storage practices, or preparation and delivery were not found. Infection control practices were insufficient. CA-MRSA was cultured in four children and from nasal and throat swabs from the HCW. Strains from children and HCW were indistinguishable. All carried the Panton-Valentine leukocidine (PVL), the staphylococcal enterotoxin B gene, the gene complex for staphylococcal-cassette-chromosome mec type V, and were sequence type 59. Strain HCM3A is epidemiologically unrelated to a strain of ST59 prevalent in the USA, althoughthey belong to the same lineage. Conclusions. We describe an outbreak of infections with CA-MRSA in children, transmitted by an asymptomatic colonized HCW during immunization injection. Consistent adherence to injection practice guidelines is needed to prevent CA-MRSA transmission in both in- and outpatient settings