127 research outputs found
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
Climate change effects and their implications for the financial markets: Evidence from the United Kingdom
This study aims to examine how the climate affects the behaviour of the stock market. To achieve this, we have drawn on daily data from Jan 2005 to Jan 31, 2023 and several environmental factors (e.g., temperature, humidity, cloud cover and visibility) to account for extreme weather conditions using the 21-day moving average and its standard deviation. The empirical analysis has revealed three key findings regarding the impact of weather on the stock market's behaviour. First, various forms of extreme weather conditions consistently lead to influence stock behaviour. Second, results provide valuable insights into market behaviour and help investors to make more informed investment decisions. Third, the weather conditions have new information about the climate risk and investors should react to it swiftly in light of our findings. The saliency theory can help reconcile the theoretical conflicts between the real options and risk-shifting theories when it comes to investing in uncertain and extreme climate conditions
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
Effects of water scarcity awareness and climate change belief on recycled water usage willingness: Evidence from New Mexico, United States
The global water crisis is being exacerbated by climate change, even in the United States. Recycled water is a feasible alternative to alleviate the water shortage, but it is constrained by humans’ perceptions. The current study examines how residents’ water scarcity awareness and climate change belief influence their willingness to use recycled water directly and indirectly. Bayesian Mindsponge Framework (BMF) analytics was employed on a dataset of 1831 residents in Albuquerque, New Mexico, an arid inland region in the US. We discovered that residents’ willingness to use direct recycled potable water is positively affected by their awareness of water scarcity, but the effect is conditional on their belief in the impacts of climate change on the water cycle. Meanwhile, the willingness to use indirect recycled potable water is influenced by water scarcity awareness, and the belief in climate change further enhances this effect. These findings implicate that fighting climate change denialism and informing the public of the water scarcity situation in the region can contribute to the effectiveness and sustainability of long-term water conservation and climate change alleviation efforts
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
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