Changing trend of CSR activities in the European Automotive Industry

International audienc

Looking for spillovers effects between major companies in the CSR dimension and its incidence on the CSR-CSP relationship: An investigation upon 125 major european companies

International audienc

Is Listed Corporates Financial Performance Vulnerable? ROE Factors measurement Using DuPont Formula

International audienceIt’s been 10 years since the last financial crisis, and the rising in stock market price along with record dividends raises deep concerns about the sustainability of listed corporate financial performance. Has the narrow logic of shareholder value been compromising long term financial performance leading to a financial crisis? We question here the DuPont equation to track financial performance drivers over time for discussing about its vulnerability. A disaggregated five-steps DuPont equation is used to set up following drivers: operational profitability, asset turnover, leverage multiplier, interest and fiscal burden. We draw a statistical analysis of those drivers with a panel data of 43 international non-financial corporates from France, Germany, Hungary and Italy between 2012 and 2017. The results stress the role of fiscal burden, interest burden and operational profit as the main ROE driver. Leverage multiplier driver, consensually considered as more financially vulnerable, has played an astonishing negative role. The drop in asset turnover is however the more worried signal as this factor is the most sustainable

CSR Communication in Problematic Sectors –The Example of Hungarians Brewers

International audienc

Is Listed Corporate Financial Performance Vulnerable? ROE factors measurement using DuPont Formula

International audienc

Tick distribution along animal tracks: implication for preventative medicine

Introduction. Tick abundance and the prevalence of the pathogens they carry have been increasing worldwide in the last decades, and is projected to increase even further. Despite the fact that problem is global, there still remain many gaps in the diagnosis and treatment of tick-borne diseases. The best protection from tick-borne pathogens, therefore, is prevention and avoidance of bites. Ticks mobility is limited so that their spatial distribution is strongly correlated with the presence of, especially with large mammals. In this study, the hypothesis was tested that tick abundance is higher on animal tracks in the forests than in adjacent habitats. This is an important issue because there are still several human habits and practices that can decrease the zoonoses risk. For example, during recreation in forest, people should always walk on the paths (including narrow animal’s tracks) instead of wading through bushes. Materials and method. Flagging of animal trails and near control transects were performed simultaneously. Next, collected ticks were counted, sexed and aged. Results. The abundance of ticks was almost 5-fold (Ixodes ricinus) and 3-fold (Dermacentor spp.) higher on animal trails than on adjacent control transects. Conclusions. The results obtained support the hypothesis that ticks are more abundant on pathways than in adjacent habitats. Most likely, the pattern emerges because large mammals, like deer, which are the most important ticks hosts, use forest paths to move across the landscape and frequently move along the same routes. This research sends an important public message that these forest trails are hotspots of disease risk and should be avoided

Dynamics of cold acclimation and complex phytohormone responses in Triticum monococcum lines G3116 and DV92 differing in vernalization and frost tolerance level

Cold stress response was compared in the crowns, leaves, and roots of Triticum monococcum DV92 spring line and G3116 winter line. The cold exposure was associated with a rapid increase of water saturation deficit, which resulted in a strong up-regulation of abscisic acid. Simultaneously, other stress hormones: salicylic acid, aminocyclopropane carboxylic acid (precursor of ethylene), and jasmonic acid decreased. The stress application resulted in a decrease of hormones associated with stimulation of cell growth and division (gibberellins, cytokinins, and auxin). During the acclimation phase of the stress response, the plants increased their frost tolerance and started the accumulation of dehydrins. Active gibberellin, cytokinins, and auxin were elevated; more rapidly in the spring line. Abscisic acid decrease was accompanied by a gradual increase of the other stress hormones. Simultaneously, the up-regulation of phenolic acids was observed, including ferulic and sinapic acids, which may be involved in the stabilization of auxin levels as well as antioxidative functions. After 21 days, the spring line DV92 exhibited its maximum of active cytokinins, which indicates the onset of the early stage of reproductive development. The winter line fulfilled its vernalization requirement after 42 days, as indicated by a decrease of frost tolerance and dehydrin levels, accompanied by similar growth hormone changes as in DV92. The similarities and differences between einkorn and common wheat in a long-term cold response are discussed. © 2014 Elsevier B.V