bluuebunny/crossref_metadata_2025_split huggingface dataset:
A mixed‐methods project on the impact of the mental health first aid training on French university students' knowledge, attitudes and practices
Authors: Llopis Nathalie , Antoine Emeline , Grové Christine , Marinucci Alexandra , Touchard Florence , Montagni Ilaria 
Published: September 2023

AbstractAimUniversity students are increasingly affected by mental health problems and need prompt support. The aim of this project was to assess the impact of the mental health first aid (MHFA) training on students' knowledge, attitudes and practices (KAP) concerning mental health in the short, mid and long‐term.MethodsThree studies were conducted in Bordeaux, France, from May 2021 to March 2022. The first study collected data from 55 students 1 to 6 months after they had followed the training to examine its efficacy in the mid‐long term. The second study collected data immediately before and after the training to evaluate the KAP of 52 students in the short‐term (1 to 10 days). The third study consisted of 14 semi‐structured interviews with students trained since 2020 to identify the training's long‐term impact (3 to 18 months). Descriptive statistics were used for studies one and two, and framework analyses for study three.ResultsMost participants reported that their KAP about mental health had improved after the training. In the first study, 94.2% of students reported being ready to intervene during a psychotic crisis in their peers. In the second study, 75.0% of students reported improved mental health‐related knowledge and decreased stigma. All students in the third study reported that they had assisted at least one person after the training.ConclusionsThese were the first data on the impact of the French MHFA on KAP. While not exhaustive, findings suggest that deploying the training would be beneficial to French students.
The elevational patterns and key drivers of soil microbial communities strongly depend on soil layer and season
Authors: Cao Rui , Chang Chenhui , Xu Mingzhen , Wang Zhuang , Wang Qin , Tan Bo , Li Han , Wang Zhihui , Hou Jianfeng , Li Fei , Li Xuqing , Wang Dan , Yang Wanqin , Li Mai‐He 
Published: September 2023

AbstractKnowledge about the elevational patterns of soil microbial biomass and communities can facilitate accurate prediction of the responses of soil biogeochemical processes to climate change. However, previous studies that have considered intra‐ and inter‐annual variations have reported inconsistent results on the one hand, and they have paid little attention to the effect of soil layer on the other hand. We, therefore, conducted a 4‐year in situ soil core incubation experiment along a 2431‐m elevational gradient across the dry valley shrubland, valley‐montane ecotone forest, subalpine coniferous forest, alpine coniferous forest, and alpine meadow in an ecologically fragile alpine‐gorge region on the eastern edge of the Qinghai‐Tibetan Plateau. Soil microbial biomass and community composition in the organic and mineral layers were measured using the phospholipid fatty acids (PLFA) method at five critical periods each year. Our results indicated that soil microbial biomass in the organic layer was the highest in the subalpine coniferous forest, followed by the alpine meadow, alpine coniferous forest, and valley‐montane ecotone forest. In contrast, soil microbial biomass in the mineral layer was significantly higher in the alpine meadow than in the other sites. Soil microbial biomass exhibited differential seasonal fluctuations at different elevations, resulting in their elevational patterns being strongly intra‐annual and inter‐annual dependent. Our results revealed that elevation and seasonality significantly affected soil microbial communities. Seasonality had a more substantial effect than elevation on soil microbial communities during the first 3 years of incubation, whereas the relative importance of seasonal and elevational effects on microbial communities was reversed in the organic layer with incubation time. These results are mainly attributed to the magnitude and direction of effect of environmental variables on soil microbial biomass and communities vary with elevation, soil layer, and sampling time. Briefly, the elevational patterns and dominant factors of soil microbial biomass and communities have intense soil layer and temporal specificity, implying that differential responses of soil biochemical processes to climate change might be observed at different elevations.
Biomass potential from agricultural residues for energy utilization in West Nusa Tenggara (WNT), Indonesia
Authors: Fitri Hidayatul , Gürdil Gürkan A. K. , Demirel Bahadır , Cevher Elçin Yeşiloğlu , Roubík Hynek 
Published: September 2023

AbstractThe West Nusa Tenggara (WNT) province is one of the regions that contribute the most to the production of rice, corn, and cacao. The residues of these crops increase as production increases. The potential availability of the residue was calculated on the basis of the amount of agricultural product and the availability of unutilized residues. The estimated potential energy and collected data were processed and combined with converted factors, such as the yield per hectare and the calorific value, taking into account another purpose, the use of domestic residues for animal feed. Paddy straw, corn straw, and corn cobs had the highest percentage of residue availabilities, 85.91%, 82.26%, and 88.25%, respectively. In addition, the WNT regency has a rich diversity of agricultural residues from superior commodities such as rice, corn, coffee, coconut and cacao. The calculation of the total heating value (THV) of the agricultural residue available reached up to 42.4 PJ. Furthermore, the use of biomass for bioenergy resources is promising, particularly for the WNT region, with the potential for unused agricultural residues. The dependence on unsustainable energy, such as coal and fossil fuel, can be reduced by deploying and developing energy production from biomass use. Therefore, the potential for bioenergy generation and the availability of biomass can be developed for sustainable agriculture and energy management.
Histomorphometric lung density evaluation of Immulina treatment using a murine influenza pneumonia model
Authors: Wilson Floyd D. , Mir Tahir M. , Ashfaq Mohammad K. , Zhang Jin , Pugh Nirmal D. , Khan Ikhlas A. , Pace Lanny W. , Hoerr Frederic J. 
Published: September 2023

AbstractHistomorphometric lung density measurements were used to evaluate the effects of Immulina on mouse pneumonia. Mice were intra‐nasally exposed to H1N1 influenza virus at a dose of 5 × 104 PFU/50 μL/mouse. Lung density was measured using the NIH ImageJ software program. Density values were compared to semiquantitative pneumonia severity scores. Lung photomicrographs were evaluated at 25‐×, 40‐× and 400‐× magnification. The study included viral inoculated controls (IC) and non‐inoculated controls (NC) and mice either treated or not treated with Immulina. Three doses of Immulina were included (25, 50 or 100 mg/kg) and administered using 3 protocols: prophylactic treatment (P), prodromal treatment (PD) and therapeutic treatment (TH) (note that in most of the evaluations of the data for the three treatment protocols were combined). Groups of mice were evaluated on days 3, 5, 7, 10 and 15 following exposure. The occurrence of “digital pneumonia” (DP) was defined as a density measurement above the 95% confidence limit of the corresponding NC values. A significant reduction in the occurrence of DP with Immulina treatment at the higher doses compared to IC was seen as early as day 3 and persisted up to day 15. There were also statistically significant dose‐variable reductions in lung density in response to Immulina. The study suggests early administration of Immulina (P or PD protocols) may enhance resistance against influenza‐induced viral pneumonia. A moderate correlation between pneumonia severity scores and lung density was observed for the 25‐× and 40‐× images (R = 0.56 and 0.53 respectively), and a strong correlation (R = 0.68) for 400‐× images.
Development of a synbiotic spray‐dried tamarillo (Chyphomandra betacea) beverage, in vitro antioxidant activity and simulated gastrointestinal resistance evaluation
Authors: Reyes‐García Veronica , Pérez‐Armendáriz Beatriz , Totosaus Alfonso , Tapia‐Maruri Daniel , Jiménez‐Fernández Maribel , Juárez‐Trujillo Naida , Cardoso‐Ugarte Gabriel 
Published: September 2023

SummaryTamarillo is an exotic fruit consumed regionally in Mexico, that contains a considerable amount of bioactive compounds, like antioxidants and fibre. Since its prebiotic potential was recently established, the aim of this work was to encapsulate two probiotic LAB strains with tamarillo extract and maltodextrin (15% and 20%) as encapsulant agents. Two strains at different maltodextrin concentrations (L. casei with 20% maltodextrin and L. plantarum with 15% maltodextrin) demonstrated higher encapsulation efficiency (90.64% and 92.03%, respectively) and viability after in vitro gastrointestinal digestion. Both microcapsules presented satisfactory flow properties and low moisture (4.19% and 3.91%) and water activity (0.32 and 0.33). During in vitro digestion, the total polyphenols content and the antioxidant activity decreased, but the encapsulating material in both treatments maintained an acceptable concentration of these bioactive compounds. The microcapsules were reconstituted to prepare a synbiotic non‐dairy beverage, and both treatments presented good acceptability (7.66 and 7.86 overall acceptance scores, respectively). These results indicate that, first, L. casei and L. plantarum recovered from heat shock during spray drying, enhancing their ability to survive to acidic stress during in vitro digestion; second, tamarillo extract is a good source of antioxidants and prebiotics and can be reconstituted to formulate, in this case, a synbiotic beverage to improve nutritional concern of consumers.
Measuring What Matters: Industry Specificity Helps Companies and Investors Gain Traction on Sustainability
Authors: Herz Bob , Rogers Jean 
Published: September 2023

Financial analysts interpret the performance of companies and their securities through an industry lens. Just as an industry approach is critical in financial analysis, it's also critical in helping investors evaluate sustainability performance, since sustainability issues differ from one industry to the next—in large because of differences in how companies use natural and other social resources when bringing their goods and services to market, and how they impact society and the environment in the process.The Sustainability Accounting Standards Board (SASB) was created in 2012 to deliver a full set of sustainability accounting standards that can be used to guide industry‐specific corporate sustainability disclosure to the capital markets. SASB has now issued provisional standards for 79 industries, thereby enabling companies and investors for the first time to identify patterns of sustainability risks and opportunities both across and within industries. Although high‐level issues such as climate change, product safety, and resource intensity and scarcity have material impacts across a variety of sectors, those impacts often vary greatly from one industry to the next. Thus, although the risk may be ubiquitous, it is also differentiated to the point that each industry has its own distinct sustainability profile. Understanding these unique profiles can help companies better manage the issues that are most likely to present material risks to their industries.
Materiality in Corporate Governance: The Statement of Significant Audiences and Materiality
Authors: Eccles Robert G. , Youmans Tim 
Published: September 2023

Materiality is an elusive, but fundamentally important concept in corporate reporting of all kinds—not only in traditional financial reporting, but in sustainability and integrated reporting as well. In the end, materiality is entity‐specific and based on judgment. Moreover, it is a judgment that should ultimately be made by a company's board of directors, which makes materiality as much a governance as a reporting issue.Whether a given ESG issue is material is in large part a function of the corporate stakeholders, or “audiences,” that the company's board of directors deems to be “significant”—that is, important to the company's ability to create value over the short, medium, and long term. The identification of such audiences—together with the time frames the board uses to evaluate the impact of the company's decisions on these audiences—provides the basis for determining the sustainability issues that corporate management must focus on for performance and reporting purposes.To help ensure that decisions about materiality receive the attention they deserve, the authors propose that corporate boards articulate their views in an annual “Statement of Significant Audiences and Materiality.” Contrary to the prevailing belief that the fiduciary duty of the board is to place shareholders’ interests first, nothing precludes corporate boards from issuing such a statement. Recent research, including the compilation of legal memos on fiduciary duty and nonfinancial reporting for all G20 countries, makes it clear that the board's fiduciary duty is to “the corporation itself.” In exercising this duty, directors have full discretion, under the business judgment rule and other authorities, to decide which audiences, along with the company's shareholders, should be deemed significant.
Delaware Public Benefit Corporations: Widening the Fiduciary Aperture to Broaden the Corporate Mission
Authors: Alexander Frederick 
Published: September 2023

As a past practitioner of corporate law in Delaware for 26 years who remains convinced that the for‐profit corporation remains the best vehicle for raising and allocating private capital, the author nevertheless also believes that the stockholder primacy model that currently animates corporate fiduciary principles is too narrow. In the excerpts from his new book that make up this article, the author describes the “benefit corporation,” which introduces a corporate governance model based on stakeholder principles. This model encompasses a more complete recognition of the complex interdependencies between all aspects of a global society, and of the responsibility of corporations to reflect those interdependencies in their decision‐making. Although initially a skeptic, the author now believes that benefit corporation law offers an important opportunity for companies to align the interests of their investors with those of their stakeholders in a potentially value‐increasing way that is discouraged by traditional corporate law.State legislatures began authorizing benefit corporations in 2010, and they are now available in 32 U.S. jurisdictions. Over 3,000 benefit corporations have been formed. What's more, they are raising capital from traditional funders, including venture capitalists, and at least one benefit corporation has already gone public. As the author says in closing, “the stakeholder governance model facilitated by benefit corporations provides a clear path to a future of shared value creation, and some investors and corporations have started down that path.”
Which Creditors’ Rights Drive Financial Deepening and Economic Development?
Authors: Calomiris Charles W. , Larrain Mauricio , Liberti José , Sturgess Jason 
Published: September 2023

Since the 1990s financial economists have documented the essential role of creditors' rights in encouraging lenders to provide credit. This article demonstrates the central importance of creditors' ability to use movable assets such as inventories and accounts receivable (as distinct from immovable assets like real estate) as collateral when lending to business enterpriseses. Using a unique cross‐country, micro‐level loan data set that contains loan‐to‐value ratios for different assets, the authors found that the loan‐to‐values of loans that are collateralized with movable assets were lower in countries with weak collateral laws for movable assets, and that lending in such countries was biased toward the use of immovable assets. Using sector‐level data, the authors also found that weak movable collateral laws were associated with distortions in the allocation of resources that favored immovable‐based production and investment. The effects of resources that favored immovable‐based production and investment. The effects of the collateral law reform enacted in Slovakia in 2003 were held up as providing support for the authors' findings.The authors also investigated which aspects of movable assets collateralization regimes are most important for facilitating the use of movable assets as collateral. They concluded that the two critical features of such regimes are the registration of collateral interests—which facilitates monitoring of collateral and avoids double pledging—and the ability of creditors to avoid lengthy court proceedings when taking possession of collateral. These findings suggest that it would be relatively easy for many countries to increase their supply of credit because reforming these aspects of legal regimes is fairly straightforward with few political obstacles.
Don't Waste a Free Lunch: Managing the Advance Refunding Option
Authors: Kalotay Andrew , Raineri Lori 
Published: September 2023

A callable municipal bond issue funding a new project is usually eligible for “advance refunding”—that is, refunding between the issue date and the call date. Such refunding is accomplished by issuing new bonds, and investing the proceeds in an escrow portfolio of Treasury securities whose cash flows pay off the outstanding issue until the call date, when the old bonds are retired. Under favorable market conditions, advance refunding enables a municipality to lock in lower interest rates prior to the call date; waiting until that date would expose the issuer to the risk of higher rates.The right to advance refund is an option whose value depends not only on the issuer's borrowing rate, but also on Treasury rates, which determine the cost of the escrow portfolio. What makes this option (referred to by the authors as the “ARO”) unusual is that it is effectively a free lunch for the issuer. While investors pay a lower price for a callable bond, the price is not affected by the bond's eligibility for advance refunding. The free lunch is demonstrable when the yield of the escrowed Treasuries is higher than the issuer's funding rate to the call date. In such cases, the present value of the cash flows to the call date (which is how the market prices a deep‐in‐the‐money callable bond) exceeds the cost of the escrow. This excess effectively enables the issuer to retire the bonds below their fair market value. Another manifestation of the free lunch offered by advance refunding transaction occurs when the savings exceed the expected value of waiting—that is, when the value of the call option is less than the currently realizable savings.One important consideration when deciding whether and when to advance refund is that the ARO can be exercised only once in an issue's refunding life‐cycle. If an issue is advance refunded, its replacement cannot be. But if an issue is refunded once it becomes callable, the ARO stays alive in the replacement issue.In this article, the authors develop an analytical framework to help issuers deal with this problem. First, they explore how the value of the ARO depends on coupon, maturity, time to call, and prevailing Treasury rates. Then they use the results to make a recommendation about the advance refunding decision: act now or wait?To answer this question, the authors extend the standard measure of refunding efficiency to incorporate the ARO of the replacement issue. Incorporating the ARO of the replacement issue slows down the signal to advance refund, whereas failure to do so could lead to a suboptimal decision. Near the call date, issuers may be better off locking in savings with a hedge rather than sacrificing the eligibility of the replacement issue for advance refunding.
The Economic Impact of Chapter 11 Bankruptcy versus Out‐of‐Court Restructuring
Authors: Markwardt Donald , Lopez Claude , DeVol Ross 
Published: September 2023

Companies in financial distress have usually been able to choose between working out an agreement with their creditors (“private restructuring”) or entering into more expensive and lengthier formal Chapter 11 bankruptcy proceedings. But 2015 rulings in two cases by the U.S. District Court for the Southern District of New York may force distressed firms to enter Chapter 11 rather than seek negotiated out‐of‐court settlements.Using a large sample of U.S. companies that experienced financial difficulty during the period 2006–2014, the authors found that the companies that filed for bankruptcy and went through Chapter 11 proceedings experienced significantly more job losses and reductions of economic output than companies achieving out‐of‐court restructurings, both overall and on a per‐case basis. The authors' estimates of the overall losses in output associated with Chapter 11 bankruptcy cases ranged as high as 2.3% of 2014 GDP, as compared to at most 0.3% of GDP in the case of out‐of‐court negotiations. At the same time, the authors estimate that as many as 2.2 million job losses were attributable to cases involving bankruptcies while the out‐of‐court cases were associated with the loss of at most about 300,000 jobs.But, as the authors concede, these findings are exaggerated by a clear self‐selection bias—one that stems from the well‐documented tendency of more fundamentally profitable, and hence more solvent, companies to choose private restructuring over bankruptcy. Despite this limitation, the study provides a useful point of departure for future studies that aim to quantify the costs to the U.S. economy of limiting or removing the option of companies with valuable operations but the “wrong” capital structures to work out their financial difficulties outside of the bankruptcy court.
A Primer on the Financial Policies of Chinese Firms: A Multi‐country Comparison
Authors: Zenner Marc , McInnes Peter , Chivukula Ram , Le Phu 
Published: September 2023

Chinese companies have grown rapidly over the past few decades, and become increasingly global in the process. In the past five years, the aggregate market capitalization of public companies in China increased more than ten‐fold and their revenue from outside China grew 60%. Nevertheless, Chinese companies have financial policies that are notably different from those of their global counterparts in North America and Europe, and that difference could end up limiting their future profitability and growth.In this report, J.P. Morgan's Corporate Finance Advisory team compares the capital structures of large Chinese companies to those of the largest companies in the U.S., the U.K. and Germany. Among the most important findings, Chinese companies have materially more leverage, much greater reliance on bank loans than bonds, and maturities that are almost 80% shorter than those of typical U.S. companies. To bring their balance sheets in line with those of their global peers, Chinese companies are likely to have to raise over 5 trillion yuan (over $750 billion) in equity while also issuing roughly the same amount in bonds. At the same time, in order to attract that capital on economic terms, they will likely need to find ways to increase the profitability of their businesses, whose return on equity is well below international standards.As the authors point out in closing, making such significant changes in financial and operating policies could be challenging for all stakeholders, and cause some potential dislocation in the short run. But however disruptive, such changes are most likely to ensure the ability of Chinese companies to create the most value in the long run.