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Why European Banks Adjust Their Dividend Payouts?
Using a panel data approach for two samples of listed and unlisted European banks, this paper provides evidence that, over a decade and a half preceding the pandemic, bank dividend payouts were adjusted in line with the motivations found in the literature. Banks change their dividend payouts because they would like to signal good profitability to shareholders to address information asymmetry, or use dividends to mitigate the agency costs, or could come under pressure from prudential supervisors and regulators to retain earnings. Banks are found not to discount expectations about future economic conditions or their own profitability when making payouts. Simulations show that, in the absence of supervisory sector-wide recommendations to suspend dividend payouts, banks would likely have reduced the payouts only slightly in the first year of the pandemic.
Handbook of Wind Energy Aerodynamics
This handbook provides both a comprehensive overview and deep insights on the state-of-the-art methods used in wind turbine aerodynamics, as well as their advantages and limits. The focus of this work is specifically on wind turbines, where the aerodynamics are different from that of other fields due to the turbulent wind fields they face and the resultant differences in structural requirements. It gives a complete picture of research in the field, taking into account the different approaches which are applied. This book would be useful to professionals, academics, researchers and students working in the field.
Prevention is better than cure
According to Don Bosco, school is often part of the causes of disease in the behaviour of young people, especially when it doesn’t help to live, but tends to exclude and complicate the life of a teen-ager. The educational model of the latest century has been extremely influenced by the researches of Don Bosco. Putting first an educational system intensely based on the intellect, the great pedagogue of the XIX century gave great importance to the human and Christian values.
Alzheimer’s and Parkinson’s Diseases
This book represents the third in a series of International Conferences related to Alzheimer's (AD) and Parkinson's (PD) diseases. The first one took place in Eilat, Israel, in 1985; and the second one in Kyoto, Japan, in 1989. This book contains the full text of oral and poster presentations from the Third International Conference on Alzheimer's and Parkinson's Diseases: Recent Developments, held in Chicago, Illinois, U.S.A. on November 1-6, 1993. The Chicago Conference was attended by 270 participants. The Scientific Program was divided into nine oral sessions, a keynote presentation, and a poster session. The conference culminated in a Round Table Discussion involving all of the participants in the conference. The four and one-half day meeting served as an excellent medium for surveying the current status of clinical and preclinical developments in AD and PD. There were 59 oral presentations and 93 posters. This book incorporates a majority of both.
Satellite Communications and Navigation Systems
Satellite Communications and Navigation Systems publishes the proceedings of the 2006 Tyrrhenian International Workshop on Digital Communications. The book focuses on the integration of communication and navigation systems in satellites.
The Vatican and Mussolini's Italy
Lucia Ceci reconstructs the relationship between the Catholic Church and Fascism. New sources from the Vatican Archives throw fresh light on individual aspects of this complex relationship: the accession of Mussolini to power, the war in Ethiopia, the racial laws, the comparison between Pius XI and Pius XII. This book offers a comprehensive reconstruction of this encounter, explaining the criteria that led Catholics to support a dictatorial, warmongering and racist regime. In contrast to the traditional periodization, the history begins with the childhood of Mussolini in the final years of the nineteenth century, and ends with the sudden collapse of his puppet regime, in 1945. This means to some extent placing in a different light the exceptional nature of the ventennio. The Italian original L’interesse superiore, Il Vaticano e l’Italia di Mussolini has won the “Friuli Storia” Prize for Studies of Contemporary History.
Europa al plurale
Partendo dalla premessa che tra le cause della crisi dell’Unione Europea vi è la scarsa diffusione del multilinguismo, gli Autori ribadiscono a viva voce l’importanza di insegnare meglio nelle scuole le lingue straniere, fin dalla più tenera età degli alunni. I giovani, infatti, vivono oggi in un presente impoverito dalla incapacità di leggere e conoscere i bandi e le leggi comunitarie. Il saggio intende arricchire, con adeguati strumenti di analisi e narrazione, il bagaglio di conoscenze linguistiche dei docenti e degli alunni europei.
Se préparer aux épreuves de traduction en italien - Mémentos, exercices et épreuves de concours
Mémentos, exercices d'entraînement & épreuves de concours corrigées et annotées. Cet ouvrage s’adresse principalement aux élèves des classes préparatoires préparant les concours d’entrée des grandes écoles de commerce, ainsi que tous les apprenants désireux d’approfondir leur maîtrise de la langue italienne. Véritable guide, il propose : de nombreux rappels grammaticaux et lexicaux,des traductions thématiques,des annales corrigées et commentées des épreuves aux concours d’entrée aux grandes écoles de commerce. Tous les éléments pour travailler de manière efficace et réussir ses concours ou examens !
Prevenire è meglio che curare
Spesso la scuola – secondo Don Bosco – è parte delle cause di patologia del comportamento giovanile, quando essa non aiuta a vivere, ma esclude e complica la vita di un adolescente. Il modello scolastico dell’ultimo secolo ha risentito molto degli studi di Don Bosco. Privilegiando un sistema educativo fortemente basato sulla ragione il grande pedagogista del XIX secolo ha dato un grande peso ai valori umani e cristiani.
