French Model Research Articles

Automated text classification of opinion vs. news French press articles. A comparison of transformer and feature-based approaches

This study explores Natural Language Processing (NLP) methods for distinguishing between press articles belonging to the journalistic genres of ‘objective’ news and ‘subjective’ opinion. Two classification models are compared: CamemBERT, a French transformer model fine-tuned for the task, and a machine learning model using 32 linguistic features. Trained on 8000 Belgian French articles, both models are evaluated on 1000 Canadian French articles. Results show CamemBERT’s superiority but highlight potential for hybrid approaches and emphasizes the need for robust and transparent methods in NLP. The research contributes to understanding NLP’s role in journalism by addressing challenges of point of view detection in press discourse.

Cross-Sectionnal Patterns in Moroccan Sock Returns: A Fama-French Perspective

Drawing on the Fama and French models, we examine the role of market factor (beta), fundamental characteristics (size, book-to-market, profitability and investment) and the momentum in explaining cross-sectional stock returns in the Moroccan market. The sample consists of non-financial stocks over the period from July 2008 to June 2020. In this research and for the first time, we contribute to the current body of asset pricing literature by embracing three different empirical methodologies. First, we use an adaptation of cross-sectional methodologies from Fama and MacBeth (1973) and Fama and French (1992). Second, we opt for portfolios as dependent variables to reduce potential estimation errors associated with individual stocks. Third, we specifically adjust for the errors-in-variables issue using the methodology proposed by Brennan et al. (1998). Our results indicate that beta coefficients are statistically insignificant in both first and second methodologies. Furthermore, none of the characteristic’s variables meet the criteria for a good explanatory variable, as they fail to consistently exhibit a significant level of significance in all cases. Generally, the momentum factor emerges as the most promising variable. We conclude that the tested models are incomplete in explaining variations in Moroccan stock returns. Even after adjusting for model risk, some effects persist.

Asset Returns: Reimagining Generative ESG Indexes and Market Interconnectedness

Financial economists have long studied factors related to risk premiums, pricing biases, and diversification impediments. This study examines the relationship between a firm’s commitment to environmental, social, and governance principles (ESGs) and asset market returns. We incorporate an algorithmic protocol to identify three nonobservable but pervasive E, S, and G time-series factors to meet the study’s objectives. The novel factors were tested for information content by constructing a six-factor Fama and French model following the imposition of the isolation and disentanglement algorithm. Realizing that nonlinear relationships characterize models incorporating both observable and nonobservable factors, the Fama and French model statement was estimated using an enhanced shallow-learning neural network. Finally, as a post hoc measure, we integrated explainable AI (XAI) to simplify the machine learning outputs. Our study extends the literature on the disentanglement of investment factors across two dimensions. We first identify new time-series-based E, S, and G factors. Second, we demonstrate how machine learning can be used to model asset returns, considering the complex interconnectedness of sustainability factors. Our approach is further supported by comparing neural-network-estimated E, S, and G weights with London Stock Exchange ESG ratings.

Interaction Between Police and Society as Basis for Combating Crime: Analysis of Ukrainian and Foreign Experience

Objective: The purpose of the article is to determine the role and significance of the interaction between the police and society as the main factor in combating crime, taking into account Ukrainian and foreign legislation, different opinions of scholars and empirical data. Theoretical Framework: The theoretical basis for this study is the Swedish concept of "community policing," the French model of "police de proximité," as well as other socially-oriented models of policing from developed foreign countries. Method: The methodological basis of the research is the following methods: comparative and legal, formal and legal, system analysis, interpretive, analysis and synthesis. Results and Discussion: The existing concepts of interaction between the police and society in the context of combating crime have been characterized. The essence of such legal categories as “crime combating”, “interaction between police and society”, “modern concepts” has been revealed and their characteristic has been carried out. The problems of forming and implementing modern concepts of interaction between the police and society in combating crime in Ukraine have been studied. Contributions: A conclusion regarding the effectiveness of various models of the interaction between the police and society in combating crime has been made. The experience of some foreign countries regarding the interaction between the police and society has been analyzed in order to implement the best practices in combating crime into the national legislation. Optimal recommendations regarding the possibilities of adapting foreign experience into Ukraine have been offered, taking into account the current legislation and positive international experience in this area of legal relations.

Lottery stocks in Brazil: investigating risk premium and investor behavior

PurposeThis study investigates the paradox of lotteries in financial markets, challenging traditional utility models predicated on rational behavior amid uncertainty. It explores why investors are drawn to lotteries despite the potential trade-off between risk-adjusted returns and sporadically substantial gains.Design/methodology/approachEmploying a multifaceted approach, the study first scrutinizes diverse theories elucidating the perplexing behavior of lottery investors. Subsequently, it assesses the premium attached to lottery stock shares in the Brazilian financial market using distinct methodologies, thereby offering a comprehensive analysis of this phenomenon. Finally, the study estimates the risk premium associated with the lottery stocks applying an extended Fama–French multifactor model and searching for evidence of overlap with other risk-based anomalies.FindingsThis research unveils theories underpinning seemingly irrational investor behavior vis-à-vis lotteries, revealing the motivations propelling investors to willingly exchange risk-adjusted returns for the allure of substantial but infrequent gains. Empirical evidence delineates the extent of the premium paid for lottery stocks in the Brazilian market.Originality/valueThe study’s novelty lies in its amalgamation of theoretical exploration, empirical analysis and the application of the Fama–French factor model to gauge the risk premium associated with lottery-related behavior. Furthermore, its investigation of lottery stocks within the Brazilian market introduces a distinctive dimension, elucidating market dynamics and investor behaviors unique to the region.

An Empirical Research on the Performance of Asset Pricing Models in the Chinese A-Share Market

Asset pricing remains a cornerstone of financial field, providing a framework to understand the anticipated returns of asset portfolios and individual assets. Its widespread application spans academic discourse and practical financial methodologies. This study conducts an empirical analysis of the Chinese A-share Market, utilizing transaction data from the A-share market spanning from 1994 to 2024. It examines the applicability of the traditional asset pricing models within the Chinese stock market. Through classic regression analyses of the CAPM, the Fama and French three-factor model (FF3), the Fama and French five-factor model (FF5), this study verifies that the FF5 provides a superior explanation of stock expectations for the A-share market during this period compared to other traditional asset pricing models. The conclusions of this study indicate that, among the CAPM, FF3, and FF5 models, the number of parameters taken into account by the model and its capacity to explain asset returns are positively correlated.

Is the Fama French model robust in the Chinese stock market?

Many previous studies have analyzed the different stock return models in various segments of the Chinese stock market. This essay analyzes the Fama-French five factors and three factors model in the main board, the second board, and STAR market. It finds that the three-factor models are efficient in all three markets expect for the STAR market, while the five-factor model is inefficient in testing the second board market alone and overall efficient in testing the mixed market and the STAR market. Furthermore, it is also found that the MKT factors are the most significant contributors to the portfolio excess return in all six situations. The HML and SML factors also exhibit constant relations with the portfolio return. Besides, it is found that HML and SMB factors are not significantly correlated with the stock’s performance on the STAR market. Overall, the relative efficiency of Fama French's three and five-factor model in explaining these markets is proved. Investors can use these two models to analyze the stock return and earn profit in the next period, and policymakers can also employ this model to understand the market and decide suitable fiscal and monetary policies.

Idea oraz istota kontroli sądowoadministracyjnej (zagadnienia wybrane)

The article discusses selected issues regarding court-administrative control. The Polish perspective has been chosen as a reference point for the deliberations. The main problem is the concept of court-administrative control. It seems that this category determines the functioning of the administrative justice system. The essence of court-administrative control was presented based on Polish regulations: the Constitution of the Republic of Poland, the Law on the System of Administrative Courts and the Law on Proceedings before Administrative Courts. The essay also presents the idea of court-administrative control – also from a comparative perspective, with reference to the German and French models. The principle of separation of powers has become a critical point of reference. It turned out that it does not contradict the presented understanding of the concept of court-administrative control. The approach to control was compared with possible models of adjudication: cassatory and reformatory adjudication. Thinking about a certain idea of administrative justice, this is probably the most basic determinant of the role and functions of this branch of the justice system. The right to a court – its understanding and possible scope – is also important for the conducted considerations.

On the origins of the Netherlands’ States General

ABSTRACT The States General of the Netherlands took the lead in the revolt against the King of Spain, Philip II, in the sixteenth century and it ruled as a sovereign assembly until the end of the eighteenth century. It emerged relatively late, as compared to the French model dating from 1302. It is questionable if there was such a thing as a first meeting in the Netherlands. Current scholarship agrees on the meetings in January to March 1464 in Bruges, Ghent and Lille, summoned by Duke Philip with a very different purpose than the one which came to dominate the discussions. While it is generally assumed that the initiative came from the Duke, after his son had tried to usurp it, this article argues for more gradual processes. First, the meetings of 1464 and 1465 were successful thanks to decades of intense joint meetings between four and six of the core principalities concerning primarily economic purposes. Second, their cohesion facilitated their crucial role during successive dynastic crises from 1477 to 1492, when fundamental principles of constitutional representation were formulated. These would enable the States General to organize the war of liberation from Spanish oppression.

Investigate The Influence Of The Fama and French Five-Factor Model On The SRI-KEHATI Stock Index

The capital market functions as an intermediary for the flow of funds between investors and companies, in accordance with the general principle that the greater the risk, the greater the potential profit. In estimating returns, there are several methods, one of which is the Fama French five factor model which was developed from the CAPM, APT and Fama French three factor models. This research aims to evaluate the relationship between the five-factor Fama French model and excess returns on the SRI-KEHATI stock index from 2015 - 2022. This research method adopts quantitative analysis with an associative causality approach and uses a purposive sampling technique to select 9 companies as samples. Data analysis used by Eviews 12. Study findings show that market factors have a significant influence on excess returns, while size, value, profitability and investment factors are not significant on excess returns. Overall, the Fama-French model's five factors collectively influence excess returns. This finding confirms that market conditions will influence the excess returns obtained by investors.

Beyond Tokens: Fair Evaluation of French Large Language Models for Clinical Named Entity Recognition.

Named Entity Recognition (NER) models based on Transformers have gained prominence for their impressive performance in various languages and domains. This work delves into the often-overlooked aspect of entity-level metrics and exposes significant discrepancies between token and entity-level evaluations. The study utilizes a corpus of synthetic French oncological reports annotated with entities representing oncological morphologies. Four different French BERT-based models are fine-tuned for token classification, and their performance is rigorously assessed at both token and entity-level. In addition to fine-tuning, we evaluate ChatGPT's ability to perform NER through prompt engineering techniques. The findings reveal a notable disparity in model effectiveness when transitioning from token to entity-level metrics, highlighting the importance of comprehensive evaluation methodologies in NER tasks. Furthermore, in comparison to BERT, ChatGPT remains limited when it comes to detecting advanced entities in French.

The effectiveness of public administration of sports in rural communities under decentralization (experience for Ukraine)

The aim of this study was to examine the effectiveness of public administration of sport in rural communities of Ukraine through the prism of a comparative analysis of the experience of European countries in this sphere. General scientific methods (analysis and synthesis) and public management methods (expert assessment, comparative analysis) were involved. The results showed that before the beginning of decentralization, the Ukrainian system of financing and management of sports developed according to the French model—with a certain centralization of the management of state structures and vertical reporting. At the same time, it has been established that under the new realities such a system will not be able to function, which is already noticeable based on reports on the financing of the industry. Starting from 2015, local budgets (including those of rural communities) gradually invested much more in the development of sports than the state budget. Accordingly, a logical step would be their initiative in the development of the sports sphere, particularly in mass sports. Based on the practices of European countries, the Ukrainian authorities need to introduce practices of more active involvement of sponsors.

Analysis of French Cultural Models under Cross Cultural Theory

This article uses the Hofstede cultural model to deeply analyze the French cultural model and its causes. By exploring France's performance in five dimensions: power distance, individualism and collectivism, masculinization and feminization, uncertainty avoidance, and long-term and short-term orientation, combined with France's history, geography, society, economy, and other factors, the uniqueness and internal logic of the French cultural model are revealed. This article aims to enhance understanding of French culture and provide useful references for cross-cultural communication.

Ottoman diplomacy in Greece: the case of Syros, 1830–1900

The island of Syros in the Cyclades almost spontaneously emerged in 1830 as a prominent transit and trade hub for Greece and the Ottoman Empire. The present work is an attempt to conduct a deductive reading on the impressive number of documents produced by the Ottoman Consulate General of Syros (şehbenderlik) records to answer two interrelated questions: (I) how the Ottoman Empire engaged with its former territory and (II) what kind of diplomatic tools the Sublime Porte used to deal with the security challenges it perceived emerging in the Eastern Mediterranean after the establishment of the Hellenic Kingdom in 1830. Delimiting a definition of illegality during the Age of Mobility in the Middle East, the states depended on one another to control and define the movements of illegality but paradoxically refused to cooperate. Frustrated, the Ottoman Empire, appropriated from European international legal thought, acted in typical nineteenth-century imperial coerciveness and considered using force to occupy Syros to compel the Greek state. The current article asserts that the Ottomans not only appropriated the French model of diplomacy but also European justifications of imperialism as it pertained to diplomatic coercion.

Do investors benefit from investing in stocks of green bond issuers?

We investigate the environmental and financial performance of portfolios comprising stocks from worldwide green bond issuers compared to matched non-green but otherwise similar portfolios. Portfolios formed by stocks of green bond issuing companies show superior environmental performance, notably reflected in reduced CO2 emissions over the medium to long term. Furthermore, these portfolios exhibit financial performance, as measured by the five-factor model of Fama and French (2015), at least comparable to their non-green counterparts, even outperforming them over a 12-month investment horizon. Overall, investing in stocks of green bond issuers seemingly offers competitive risk-adjusted returns.

CHALLENGES OF LEGAL REGULATION OF SEA KAYAKING IN THE REPUBLIC OF CROATIA

The paper deals with the analysis of the existing legal framework of the status of sea kayaks in the Republic of Croatia, the definition and the position of a kayak as a vessel in the domestic navigation safety system, and its goal is to present the regulation and give a critical review thereof. The types of kayaks are presented with respect to their purpose and construction, the univocity of the term in domestic legislation is questioned, and the solutions of the French model, which individualises these vessels with regard to the mentioned features, will be presented comparatively. The paper also presents kayaking as a sport and economic activity, as well as the necessary education of kayakers for the needs of active and adventure tourism. The paper analyses the international and national legal framework of navigation safety. The results of a survey of legal regulation of sea kayaking in the Republic of Croatia are also presented. The authors conclude that sea kayaking in the Republic of Croatia has not been properly regulated and that the existing legislation needs to be changed.

Administration of local taxes and fees: experience of European countries and current trends in Ukraine

The paper is devoted to the study of the experience of local tax administration in advanced European countries. The paper further delves into the intricacies of the local tax administration by examining the impact of cultural, economic, and political factors on the effectiveness of tax models in Germany, France, and Poland. It also explores the challenges and successes of implementing European practices within the Ukrainian framework, highlighting the need for a tailored approach that considers Ukraine’s unique socio-economic landscape. The purpose of the study is to analyze local taxation models in Germany, France and Poland, identify their advantages and disadvantages, assess the current state and prospects for the development of the local taxation system in Ukraine. A comparative analysis of legal frameworks, organizational structures and local tax administration processes in selected countries is carried out. On the basis of the collected data, a SWOT analysis is carried out, which allows to highlight the strengths and weaknesses, opportunities and threats of each of the administration models. Analysis of local tax administration models in selected countries showed that the German model is characterized by a high level of autonomy of local authorities, which contributes to the efficiency of tax collection and adaptability to local conditions. The French model is characterized by a centralized approach that ensures uniformity and control, but can limit local initiative. The Polish model integrates elements of decentralization and centralization, which allows adaptation to the specifics of the transition economy and contributes to the harmonization of the taxation system. In the Ukrainian context, modern reforms of local taxation are analyzed, introduced initiatives are studied, and the possibilities of applying the best European practices are considered. The results of the study make it possible to formulate recommendations for improving the system of local tax administration in Ukraine in order to increase its efficiency and transparency. The paper will be useful to scientists, practitioners in the field of local taxation, representatives of state bodies and all parties interested in improving the tax system.

Risk Premium and Fear of Investors in Crisis’ Periods: An Empirical Approach Based on Fama–French and Carhart Factor Models

This study aims to answer the question about the interactions between “investors’ fear”, two factors proposed by Fama & French, the Carhart momentum factor, andthe risk premium, and how these interactions were affected by two financial crises, the Dot-Com and Sub-Prime crises. This paper is the first empirical study that considers the effects of these financial crises. It is of critical importance as it changes the specificity of the empirical models for different periods, significantly affecting the results compared to previous research work. The main findings include a general negative change in fear over all of the sub-periods. Secondly, no consistent positive trend was observed in any of the risk premiums over time. After each crisis, the relationships between the endogenous variables had significant changes. More specifically, investors’ fear, on the first day of the week, appears to be systematically higher across all sub-periods except during the Sub-Prime crisis. Finally, after the Sub-Prime financial crisis, there is an almost complete loss of the explanatory power of the VAR models. Although fear does not seem to affect risk premiums or momentum, it was nevertheless found that the results are sensitive to the specification of the models.

Application of Blended Learning in French Teaching Reform

This paper explores the application of blended learning in the reform of French teaching, aiming to address the challenges and issues existing in French language education. Firstly, it provides an overview of the definition, characteristics, and prevalence of blended learning in the field of education. Then, it analyzes the limitations of traditional French teaching models and emphasizes the necessity of reform. Through the introduction of application cases of blended learning in French teaching, it discusses the combination of online teaching tools and offline classroom practices, as well as the effects of blended learning on various language skills. Furthermore, it discusses teaching design and methods, evaluation, and reflection under the blended learning model. Finally, it summarizes the application effects of blended learning in French teaching and prospects for future development directions and challenges.

Comparing methadone policy and practice in France and the US: Implications for US policy reform

Despite being among the most effective treatments for opioid use disorder, methadone is largely unavailable in the United States, due primarily to federal and other policies that limit its availability and regulate clinical decisions about doses, visit frequency, and drug testing. There is unprecedented momentum to change decades-old US methadone policies. Yet uncertainty remains as to whether reforms will be adopted and how policies will be implemented. France has among the best methadone access and lowest overdose death rates worldwide. 87 % of French people with opioid use disorder receive methadone or buprenorphine, versus an estimated 13-20 % in the US. France's opioid-related overdose rates are far lower than the US. This article compares French and US systems, including current and proposed US policies, and underscores potential implications for US policymakers.In France, methadone can be initiated in specialty addiction settings and hospitals, with subsequent handoff to primary care. Methadone can be dispensed in community pharmacies and filled like other opioids, without requirements for supervised dosing. Decisions about visit frequency, medication doses, and drug testing are governed by clinical best practices and patient-clinician shared decision-making. In the US, methadone for opioid use disorder is regulated unlike any other medication (including methadone for pain) and is governed by strict federal controls, including from law enforcement and healthcare. With few exceptions, methadone for opioid use disorder is only available in Opioid Treatment Programs. US clinicians cannot prescribe methadone for opioid use disorder. Federal rules determine minimum visit frequency, initial dose limits, and other conditions of treatment, which states may further limit.Policies assert strong influence on patient experience, treatment access, and health outcomes. Despite being less restrictive than the US, the French model includes limits designed to avoid or minimize potential harms. French policies have important implications for potential US reforms.