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Volume XVII, Summer, Issue 2(76), 2022
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The paper regards the selected financial indicators of the Jerónimo Martins, SGPS, S.A.: LFL Growth, Employment, Net Sales and Services, EBITDA Mg, Long Term Borrowings, Short Term Borrowings, and Total Borrowings. The fundamental aim of the paper is the assessment of the selected financial indicators of the Jerónimo Martins, SGPS, S.A. in terms of the COVID-19 pandemic. The following research problems were put forward: What is the diversification of the financial indicators of the Jerónimo Martins, SGPS, S.A. as a Portuguese corporate group that operates in food distribution and specialized retail? Which of the researched financial aspects of the Jerónimo Martins, SGPS, S.A has the highest, the middle, and the lowest level in 2017-2021? In the theoretical part of the paper was depicted the portfolio of Jerónimo Martins, SGPS, S.A.
The studies were carried out: documentation, statistical, comparative, and dynamics analysis. The results showed that the Jerónimo Martins, SGPS, S.A. in terms of the COVID-19 pandemic as a Portuguese corporate group that operates in food distribution and specialized retail had different tendencies. The inference process took place in a deductive way.
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This study seeks to interrogate the impact of claim management on the profitability of non-life insurance companies in Ghana covering the years 2013-2020. The study employs the fixed effects and random effects techniques with data covering the period 2013-2020. Hausman test is used as an appropriate approach to conduct this study. Our work measured profitability utilizing interpretive financial tools such as return on assets (ROA) and returns on equity (ROE).
The results of our research indicates that claim ratio and retention ratio have a profound adverse impact on return on asset. In terms of return on equity (ROE), claim ratio and expense ratio negatively and significantly affect profitability. This study recommends that non-life insurance companies should institute an effective claim processing system with highly qualified, experienced, trained and technical staff to ensure efficiency in claims management.
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How Many Innovations Need to Be Produced in the Process of Endogenous Growth with Fluid Intelligence
In innovation-based endogenous (Schumpeterian) growth theory, the production of innovations is constrained basically by the finite nature of the labor supply. In this paper, I show that innovations are constrained because (1) the amount of fluid intelligence of researchers in an economy is limited and (2) the returns on investments in technologies and in capital are kept equal through arbitrage in markets. With these constraints, equilibrium values of the number of researchers and their average productivity in an economy exist, and the equilibrium value of average productivity determines the amount of innovation production in each period. Distributions of fluid intelligence among researchers are most likely heterogeneous across economies, but if economies are open to each other, an economy with a smaller number of researchers with a high level of fluid intelligence can grow at the same rate as an economy with more of them.
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The legal and political sphere consists of legislative regulations, resulting from the policy of the state in which the businesses operate. The aim of the study is to verify the research hypothesis according to which political and legal factors significantly determine the mutual economic cooperation between Belarus and Poland in the period 2016 - 2020/21. The article places particular emphasis on the analysis of political and legal factors on the side of Belarus, due to the current political and legal crises. Against this background, the analogous political and legal set-ups in Poland are also presented. The analysis took into account, in particular: political stability, democratic nature of the state policy, level of corruption of public authorities, membership in international organizations, stability of legislative structure, the independence and efficiency of the judiciary.
The results of the conducted research indicate that the nature of Belarusian-Polish relations is significantly influenced by the political situation in Belarus and the authoritarian way of appeasing power by the president of this country. Without fundamental changes in the internal situation in Belarus, it is difficult to expect spectacular breakthroughs and changes in Belarus' relations with Poland.
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Findings herein indicate that there is a chance that competition engenders systemic banking crisis for ASEAN emerging market economies, that is, there could be a competition-fragility nexus. On the other hand, at decreasing levels of competition, increasing concentration could harm financial stability. Meanwhile, when banking markets are already highly concentrated, increased competition would either not encourage fragility or be good for stability, i.e., a concentration-stability link is established. When controls for regulation and macroprudential tools are introduced, the opposite effects of competition and concentration on financial stability become more apparent.
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The purpose of this study is to see whether Okun's coefficient exists in South Africa. The study analysed yearly data from 1995 to 2020. The study used an error correction model (ECM) to assess the short-run relationship between the variables under investigation. The granger causality test is also used to examine the variables' short-run causality. According to the study's results, there is a negative and significant relationship between unemployment and GDP in the short run. As a result, Okun's Law applies in South Africa. The Granger causality test findings reveal that GDP Granger causes unemployment in South Africa. As a result, the study recommends that policymakers prioritize balancing labour-intensive and capital-intensive jobs, as well as encouraging entrepreneurship and sufficient education and training.
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Mathematical jokes about analytic continuation often conflate values of the Riemann zeta function with divergent sums. Another mathematical joke involves a lottery in which the prize is an infinite amount of money. When the winning ticket is drawn, the jubilant winner comes to claim his prize, and the mathematician who organized the lottery explains the mode of payment: “1 dollar now, 1/2 dollar next week, 1/3 dollar the week after that…” The joke here is that the harmonic series technically diverges but grows so slowly as to be insignificant in one’s lifetime.