Transnational regulatory authority and global economic governance.

The aim of this thesis is to contribute to our understanding of the emergence, nature, and significance of non-state transnational governance. This research objective is pursued by examining an aspect of transnational non-state governance often neglected, the role of the state in the emergence and operation of non-state governance schemes. The role of the state in this context is illuminated by identifying and explaining the emergence of a particular type of authority, called transnational regulatory authority. Transnational regulatory authority emerges when the authority of creating regulation bearing a degree of legal obligation about an issue-area or industry at a global level, is delegated to non-state actors. This delegation of regulatory authority is puzzling, as it implies a loss of regulators' control over the regulatory governance of their jurisdictions, but also raises significant normative concerns, since authority has been entrusted to the state under specific procedures which form the very foundation of a democratic political association. An explanation to this puzzle is proposed by a theoretical framework created through the synthesis of insights provided by the economic theory of international regulation and the political theory of authority. The propositions that emerge from this synthesis are tested through the examination of two case-studies, the International Accounting Standards Board (IASB) and the International Conference on Harmonization of Technical Requirements for the Registration of Pharmaceutical Products (ICH). The principal finding of the thesis is that the delegation of rule-making authority to transnational organizations is the result of explicit redistributive regulatory strategies, domestic or international, designed to satisfy specific domestic constituencies. However, regulators need to allay the normative concerns raised by this delegation of authority. To do this, they have to justify their decision by persuading the political establishment and the public that this delegation is necessary for the provision of adequate regulatory governance

The Impact of CSR on the Financial Performance of Firms in Different Industries: An Example from the Financial Industry and the Healthcare Industry

© 2023 The Author(s). Published by the Academic Conferences International. This is an open access conference contribution distributed under the terms of the Creative Commons Attribution License (CC BY), https://creativecommons.org/licenses/by/4.0/This Paper Analyses The Impact Of Corporate Social Responsibility (CSR) On Corporate Financial Performance (CFP) in the financial and healthcare sectors in China, examining the annual financial data and ESG scores of a total of 124 companies between 2016 and 2021 and selecting ROA, corporate financial leverage, company size and board size as variables. A panel data regression was used to conduct an econometric analysis to examine the impact of social responsibility on corporate financial performance in the total industry, the financial industry and the healthcare industry, respectively. The empirical analysis of this study concluded that the effect of CSR on corporate financial performance has different results in different industries, the effect of CSR on CFP is significant and negative in the healthcare industry and insignificant in the financial industry. However, there are some limitations to this study. The study only considered the financial sector and the healthcare sector and was not able to include a number of other sectors for comparison. The study was also limited by the sample size of CSR in Chinese companies, which made the model less convincing, and the choice of variables also affected the results. However, these provide ideas and provide a pavement for future research

A critical analysis of volatility surprise in Bitcoin cryptocurrency and other financial assets

The purpose of this paper is to investigate the viability as compared with other financial assets of cryptocurrencies as a currency or as an asset investment. This paper also aims to see which macro variable relates more to the price of cryptocurrencies especially Bitcoin. Since the whole concept of cryptocurrencies is quite novel, an attempt has been made to briefly explain the underlying blockchain technology that forms the bedrock of cryptocurrencies. In this study, we use the sec-ondary data, i.e., price history of Bitcoin from September 2014 to September 2021 for the last 7 years, captured from trading exchanges. We predicted monthly returns of Bitcoin with that of S&P 500, gold, and Treasury Bond. Our findings show that Bitcoin has very high volatility as compared to S&P 500, Gold and Treasury Bond. Also, our findings show that there is a positive correlation between Bitcoin’s price volatility and other three financial assets before and during COVID-19. Hence Bitcoin is acting more as a speculative asset rather than a steady store of value. This can be drawn from the comparison with the debt market i.e., Treasury Bond that invests in long-dated (30 years) US treasuries with which Bitcoin shows no relationship. The findings of this study could help with the understanding of how the future of Bitcoin is likely to span out. This has important im-plications for Bitcoin investors. The current study contributes to the extant literature by providing empirical evidence on the long-term social sustainability vis a vis supply chain traceability

Decrypting cryptocurrencies: An exploration of the impact on financial stability

This study aims to empirically examine the relationship between cryptocurrency and various facets of the financial system. It seeks to provide a comprehensive understanding of how cryptocurrencies interact with, and influence, the stock market, the U.S. dollar’s strength, inflation rates, and traditional banking operations. This is carried out using linear regression models, Granger causality tests, case studies, including the collapse of the Futures Exchange (FTX), and the successful integration of Binance. The study unveiled a strong positive correlation between cryptocurrency market capitalization and key financial indicators like the Dow Jones Industrial Average, Consumer Price Index, and traditional banking operations. This indicates the growing significance of cryptocurrencies within the global financial landscape. However, a mild association was found with the U.S. dollar, suggesting a limited influence of cryptocurrencies on traditional fiat currencies currently. Despite certain limitations such as reliance on secondary data, methodological choices, and geographic focus, this research provides valuable insights for policymakers, financial industry stakeholders, and academic researchers, underlining the necessity for continued study into the complex interplay between cryptocurrencies and financial stability

P5: Event-driven Policy Framework for P4-based Traffic Engineering

We present P5, an event-driven policy framework that allows network operators to realize end-to-end policies on top of P4-based data planes in an intuitive and effective manner. We demonstrate how P5 adheres to a service-level agreement (SLA) by applying P4-based traffic engineering with latency constraints

Case Report Myasthenia Gravis and Stroke in the Setting of Giant Cell Arteritis

This case report concerns the diagnosis of two independent chronic diseases in a patient hospitalized for stroke, myasthenia gravis (MG) and giant cell arteritis (GCA). MG has been found to be associated with several diseases, but there are very few cases documenting its coexistence with GCA. We report the case of a 79-year-old woman initially hospitalized for stroke. Patient's concurrent symptoms of blepharoptosis, dysphagia, and proximal muscle weakness were strongly suggestive of myasthenia gravis. The persistent low-grade fever and elevated inflammatory markers in combination with the visual deterioration that developed also raised the suspicion of GCA. Histological examination confirmed GCA, while muscle acetylcholine receptor antibodies were also present. Even though in medicine one strives to interpret a patient's symptoms with one diagnosis, when one entity cannot fully interpret the clinical and laboratory findings, clinicians must consider the possibility of a second coexisting illness

Early and late morbidity and mortality and life expectancy following thoracoscopic talc insufflation for control of malignant pleural effusions: a review of 400 cases

<p>Abstract</p> <p>Background</p> <p>Malignant pleural effusion is a common sequelae in patients with certain malignancies. It represents a terminal condition with short median survival (in terms of months) and the goal is palliation. Aim of our study is to analyze morbidity, mortality and life expectancy following videothoracoscopic talc poudrage.</p> <p>Materials and methods</p> <p>From September 2004 to October 2009, 400 patients underwent video-assisted thoracic surgery (VATS) for malignant pleural effusion. The conditions of patients were assessed and graded before and after treatment concerning morbidity, mortality, success rate of pleurodesis and median survival.</p> <p>Results</p> <p>The median duration of follow up was 40 months (range 4-61 months). All patients demonstrated notable improvement in dyspnea. Intraoperative mortality was zero. The procedure was well tolerated and no significant adverse effects were observed. In hospital mortality was 2% and the pleurodesis success rate was 85%. A poor Karnofsky Performance Status and delay between diagnosis of pleural effusion and pleurodesis were statistically significant factors for in-hospital mortality. The best survival was seen in breast cancer, followed by ovarian cancer, lymphoma and pleural mesothelioma.</p> <p>Conclusions</p> <p>Video-assisted thoracoscopic talc poudrage is an effective and safe procedure that yields a high rate of successful pleurodesis and achieves long-term control with marked dyspnea decrease.</p