The goal of this thesis is to provide empirical insight into the impact of rating agencies' announcements on stock prices in the Italian market. The study looks at a sample of 330 rating agency announcements concerning Italian issuers from 1995 to 2006. Using the Event Study methodology, it analyzes the stock prices of the companies to determine the existence of any abnormal returns and hence ultimately the impact of rating announcements on the stock market.
This paper examines the effect of credit rating announcements released by the three major rating agencies on European government bonds by looking at one key area, and three interrelated topics. Firstly, I evaluate the impact of credit rating announcements on European government bond returns. Secondly, I appraise their effect on the slope of the sovereign yield curve. Thirdly, I assess the implications of the European sovereign debt crisis on the credit rating announcement effect. Fourthly, I analyse how rating changes influence government bond abnormal returns, depending on the country's membership of the Eurozone or not, and whether the country is in the "Peripheral area" or not.
At the beginning of 21st century, we find ourselves exactly in a similar position that we were in the beginning of the Aero Engine age. With environment and current economy taking the front seat in civil applications, the objective is to propose novel and innovative concepts which make the process more effective and efficient which would help in saving time and money. This report proposes the use of an automatic control system to implement variable rating operation within the engine. Implementation of variable rating operation results in an increase engine life and decrease in NOx at a small expense of CO & UHC. This results in a decreased overall operating cost of the engines, especially the maintenance cost and the emission charges.The study is based on the engine performance taking payload, altitude and mission range into account. The parameters used are strongly related to a commercial flight. Implementation of Variable Rating Operation was done on different civil aero engine configurations i.e. High Bypass Turbofan, Open Rotor and the Gear Turbofan.
Movies have proved to be a major bait that keeps students especially at secondary school level glued in front of television sets watching what one scholar termed as mindless entertainment. Students have different categories of movies they each excite in and these majorly include; Soap operas, High School movies and the Nollywood category. From the international perspective, it is believed that the action setting, emotions, and gestures that students observe in a video clip, produce an important visual stimulus for a language production and practice that the students cannot easily escape.
Credit Rating Agencies have endured public brunt for insufficiently policing Wall Street in the making of the late 2000s financial crisis. Still, the specifics of their 'wrongdoing' is scarcely holistic, rather fragmented. This book is not an encyclopedia to stitch things up in that regard, but just about turns the volume up on the prevalence of conflict of interest, tenuous rating methodologies and systemic oligopoly in the credit rating sector. It recognizes the importance of rating institutions to investors' faith in the modern day economy and features the oligopolistic structure of the credit rating industry believed to be a function of NRSRO legislation. It discusses broad behaviours of credit rating institutions through theoretical sampling in grounded theory to reach a conclusive statement on the definitive role of credit rating agencies in the financial crisis.
East Indians arrived in Trinidad between 1845 -1917 as Indian indentured immigrants and settled as part of the cocoa and sugar plantation systems. They were ostracized, ridiculed and made to think that they did not belong in the society. However, they were able to re-create aspects of their motherland's society (India) based on cultural memory and the need for identity. By the 1930, their cultural patterns were facing calcification due to a lack of creativity and the inherent pressures associated with survival in an alien society. There were no new sources of Indian music and culture for them and there was a preoccupation with the preservation of culture rather than creativity in the culture. The arrival of Indian movies in 1935 served as a catalyst for the revival of many aspects of their religious and cultural traditions and the evolution of a new East Indian identity in Trinidad. Its impact was felt in many aspects of East Indian life in Trinidad, from the temples and mosques, leisure time, dress, songs, dance to general everyday living. Indian movies functioned as the axis mundi in the emergence of a stronger, more dynamic Indo- cultural presence in Trinidad.
Different scholars and exponents of the world of finance have found that the problem of conflict of interest might play a relevant role in the business of credit rating agencies. On the one hand, it is argued that credit rating agencies have no incentive to exploit conflicts of interest since they would lose their reputation for providing valuable information. On the other, it seems that the increase in rules that depend on credit ratings has created an incentive for a few rating agencies, identified as NRSROs, to supply inaccurate ratings and for market participants to pay for regulatory rights deriving from the agencies’ ratings. The scope of this research is to study whether reputable and well-established credit rating agencies can build up a margin that allows them to remain unaffected by a lowered quality of the service provided and to indulge in exploiting the conflict of interest by giving their customers, i.e. the issuers, unduly high ratings. This study will also suggest a critical review of the latest amendments and amendment proposals to the existing legislation governing credit rating agencies aimed at improving oversight and regulation of these agencies.
In the research literature very few studies have been done in India as well as in other countries about actual functioning and consistency of bank’s internal ratings and implied ex-ante risk in bank loan portfolios. It opens up wide area of research (which has not been done on Micro-level data) to examine individual bank’s modus operandi in integrating ground level risk appreciation and capturing them in Risk assessment exercise which over-all affects portfolio risk dimension of whole-bank in an aggregated portfolio.
The latest financial crisis highlighted several problems with credit derivatives and raised questions about the effectiveness of Credit Rating Agencies’ (CRAs) assessment of risks in rating complex financial products such as Collateralized Debt Obligation (CDO). Credit derivatives provided a powerful new tool for managing credit risk that had the potential to facilitate risk-sharing, enhance the efficiency of risk management and promote market completeness. Measuring the exposure taken on a credit derivative contract can be very difficult. As a result market participants have rely on credit ratings as a source of information to assess the risk of their derivative transactions. During the latest crisis the role of the major credit rating agencies have come under increased scrutiny. This work, after the introduction of credit risk, provides an overview of credit derivatives instruments and explain the central role that rating and credit rating agencies play in the financial markets. Moreover, it highlights the criticism of credit rating agencies in rating structured finance products and provide an in-depth view of the CDO rating methodologies.
The increased use of video documents for multimedia-based applications has created a demand for strong video database support, including efficient methods for browsing, retrieving and classifying video data. Most solutions rely on visual information only, ignoring the rich source of the accompanying audio signal and texts. The semantic gap between mental and computational world is not yet surmounted by current algorithms and systems. Hence, there is a need for much research effort. Speech is the significant information that has a close connection to video contents. The closed caption text facilitates the acquisition of the video transcript. It provides visual text to describe dialogue and sound effects in video documents. In this study, two approaches are proposed; one for rating or classifying video scenes and the other for retrieving video scenes. Both approaches are based on the utilization of the Arabic closed caption text. Some techniques such as the Arabic light stemming and the Rocchio classifier are employed in the proposed approaches.
The book named Problems of artistic and aesthetic value in the movie of Karel Kachyna deals with artistic value and aesthetic value in two movies of a director Karel Kachyna during years 1948-1968 in Czechoslovakia because this period is connected with expressive political changes which are forcefully reflected in movie and art in general. The book is based on analytical aesthetics and therefore movies will be considered according to the definition of an aesthetician Tomas Kulka, who defines work of art and its aesthetic and artistic value. The aim of this work is to find out if both movies correspond with previously mentioned values and if it is possible to qualify them as a work of art.
The main factors included in the development of the forest fire hazard rating system in this study are fuel types (based on classifications of land-cover types), and the proximity of forests to roads and canals. These have been identified as the most critical factors contributing to fire as described by many researches. The analysis for this study found, the area affected by fire includes a variety of land covers even the agricultural categories. The areas with medium and low slopes (under 40%) were also ranked as medium and low fire hazard respectively. As a conclusion, the integration of remote sensing and GIS techniques in this study made it possible to create an effective fire hazard rating model and to develop a detailed fire hazard rating map for the study area. This integration of spatial variables, therefore, is extremely useful and beneficial for forest fire research.
In this book, the author investigates the effects of watching English-language movies on EFL learners. This book has been designed with the purpose of helping English teachers bring authentic and real-world materials into their classrooms; moreover, it elaborates on various steps to be taken by teachers at the time of viewing a movie to learners in the classroom. It also assists learners in discovering what movie subtitles (L1 or L2) and genres facilitate the process of learning English and lead to effective learning even when they watch English-language movies by themselves at home. This book encompasses three sections of learners' motivation, movie subtitles, and movie genres. In the first part, the author uncovers how watching English-language movies brings about motivation in learners to learn English; furthermore, he determines different kinds of motivation and the one that plays the most important role in learners when they watch a movie. Then, according to the data gathered, the author specifies the most advantageous subtitle and popular movie genres among EFL learners.
Fans of the horror genre will enjoy this enthusiastic romp through the pantheon of great and not so great films of terror. A.S. Mott examines the making of ten of the scariest movies ever made--among them Psycho, Halloween and Evil Dead II--and shares insight on why we enjoy being scared out of our wits.
The origin and utilization of culture-bound elements are naturally and essentially attached and and restricted to the culture of the society in which they are used. The more a text is rooted in its culture, the more it is difficult to be translated into other languages. Translation of audiovisual material for children, on the other hand, has not still been addressed sufficiently. This book offers trainee translators an investigation of techniques for translating culture-bound elements with a focus on names and idiomatic expressions in dubbing of Walt Disney animation movies.
This work investigates the latest developments in commercial banking with regard to the measurement and management of risk and analyzes their effect on mid-market financial institutions. We look at how the implementation of advanced rating techniques influences the competitive position of market participants depending on their portfolio structure and competitive environment. To simulate rating sophistication we assume that in the process of credit assessment banks observe noisy signals about the creditworthiness of credit applicants. In the case of a competitive market then banks offer differing interest rates based on their loss estimates, whereas the customer chooses the credit with the lowest price. A simulation procedure is used in order to quantify the resulting profitability effects. The analysis reveals profitability differentials depending on the rating accuracy in different sections of the portfolio, the structure of the rating scale, and the specific competitive environment.
"The Rough Guide to Cult Movies" offers a blend of essential trivia and informed opinion as it takes you on a tour of the most compellingly weird - and weirdly compelling - films in the world. Whether you're a paid-up member of The Big Lebowski fan club or just looking for a night in with an interesting DVD, "The Rough Guide to Cult Movies" is the ultimate guide to the world's most memorable films. "The Rough Guide to Cult Movies" selects cinema's most compelling triumphs: films that are brilliant, intriguing or just plain bizarre; from action flicks to zombie films, by way of nuns, yakuza, musicals and mutations. You'll find expert, pithy reviews of over 1500 movies, with forgotten legends like Charlie Chan and the Opera or contemporary classics like "There Will Be Blood", plus filmmakers' picks of their favourite cult movies, in their own words. There are good movies and there are bad movies and then there are cult movies.
The book talks about the four major Credit Rating Agencies in India including CRISIL, ICRA, CARE and FITCH. It gives a detailed information regarding operations undertaken by these rating agencies. The regulatory environment affecting the credit rating activities in India has been discussed in the book. The methodology adopted by Credit Rating Agencies while rating and variability in rating over the period has also been analysed in the book. The book evaluates the post rating performance of various companies rated by the given rating agencies. In addition the perceptions of investors regarding credit rating practices in India has also been covered in the book.
I wrote this with the aim to look into the portrayal of women in media especially those who do item numbers. I would also look into the matter that how due to the lack of relevance of item numbers in movies today, the portrayal is negative. Whether this in turn has led to a negative stereotypical representation of women in general was also a concern of the study. I focused on this matter as I am strongly against any kind of stereotypical representations. As a media student I wanted to inform people about the rights and wrongs in the society and how this leads to framing of stereotypes which is often regarded derogatory. The research was done using both primary and secondary sources. An extensive study was done of secondary sources too including books, journals, movies, short videos, internet and newspapers. The study revealed that item numbers have definietely lost its relevance in the movies and that has led to the negative portrayal of item girls.
A Sikh is known for his strength and valor, comedians, a true friend to someone, dedicated, hard work. These are the general characteristics that are taken into consideration while dealing with how we perceive their nature on screen. Over the past few years Portrayal of Sikhism has evolved from being a comedian to a more serious role and some of the stories being based on true life’s of Sikhs. With portrayal of Sikhs in Hindi movies, the image of the community has been lifted despite them being stereotyped in cinema in form of various actors, enacting the roles of a Sikh on screen whose enactment has helped in uplifting the community’s image in the minds of the people despite the Sikh religion being the lowest in the population count. With the portrayal of Sikhism in Hindi movies today, their culture and traditions have also being recognized by the people and in almost every third Hindi movie released today has an element of Sikh culture in it directly or indirectly. The main aim of the research is to find out about the general perception of the audience when they see a Sikh now when compared past with regard to the transformation of their roles.
The advertising industry has gone through a long change now, as they are using the innovative outdoor route to advertise the movies. They should focus more on television and newspaper for advertising the movies as the main source through which the movie viewers get information about the movie is from the media advertisements. They must therefore adopt innovative outdoor advertisement as there is a huge response to watch the advertisement again as they get very much curious after watching it. Advertising companies should therefore make the advertisements more eye catching and unique, for enhancing the attention of viewers.
Film is Like a Battleground: Sam Fuller's War Movies is the first book to focus on the genre that best defined the American director's career: the war film. It draws on previously unexplored archival materials, such as Fuller's Federal Bureau of Investigation files and WWII-era amateur films, to explore the director's lifelong interest in making movies representing war and conflict.
Rating Scales and Checklists: Evaluating Behavior, Personality, and Attitudes and Questionnaires and Inventories: Surveying Opinions and Accessing Personality and Tests and Examinations: Measuring Abilities and Performance
This book presents an empirical analysis of price determinants and bidders' behavior in online auctions eBay.de and Aukro.cz. We focus on the effect of sellers' feedback rating score and the phenomenon of sniping. Buyers in online auctions cannot personally inspect the quality of the product, so they have to rely on seller's honesty. In this setting, seller's rating may significantly contribute to the final price formation. Sniping is a bidding strategy, whereby a bidder waits until the last moment of the bidding period to place her bid. The impact of sniping on the final price and parameters affecting the probability of sniping are examined in this paper. The empirical results for both auction web sites show that seller's feedback rating score has significant impact on the final price. The tests regarding sniping provided significant results only for the eBay auction. The effect of sniping on final price is not clear since we obtain different results for different specifications, but we found out that the experience of a bidder increases the probability of placing snipe bid. The study should be especially useful to all users of internet auction portals.