The equity trading of today is fragmented across regulated markets (RMs) and multilateral trading facilities (MTFs). Despite being legally very similar Busch (2017), market participants have reported that they attract different types of traders. Market dynamics arise from the interactions between all market participants (agents) Kyle (1985). Price impact is an important part of these dynamics which, for the most part, can be explained by the competition between liquidity takers and liquidity providers Bouchaud et al. (2009). Hence, this thesis studies whether price impact is venue dependent by using the transient impact model, developed by Bouchaud et al. (2004), on Nordic stocks listed at Nasdaq but also traded on London based MTFs. Furthermore, MiFID II and entailing legislation introduced a considerable amount of changes to the financial markets, the effects of which on price impact will also be subject to investigation here. The findings indicate that price impact is indeed venue dependent, where RMs show less price impact than the MTFs. The effects of MiFID II are vague but seems to have lowered the temporal aspect of price impact for the MTFs, while the effects on the RMs are less evident. / Dagens aktiehandel är fragmenterad över reglerade marknader och multilaterala handelsplattformar (MTF-plattformar), trots att de är juridiskt väldigt lika Busch (2017), så har marknadsaktörerna rapporterat att de attraherar olika typer av aktörer. Marknadens dynamik uppstår ur interaktionen mellan dess aktörer Kyle (1985). Prispåverkan är en viktig del av denna dynamik som, för det mesta, kan förklaras av konkurrensen mellan likviditetstagare och likviditetsgivare (Bouchaud et al. 2009). Således undersöker denna uppsats om prispåverkan skiljer sig mellan handelsplatser genom att använda en transient prispåverkansmodell, utvecklad av Bouchaud et al. (2004), på handelsdatat från nordiska aktier listade på Nasdaq, men som även handlas på MTF-platformar i London. Introduktionen av MiFID II och tillhörande lagstiftning har inneburit betydande förändringar för den finansiella marknaden, vilkas effekter på prispåverkan vid aktiehandel också kommer att undersökas här. Fynden i denna studie indikerar att prispåverkan är handelsplatsberoende, där priset påverkas mindre på reglerade marknader än på MTF-plattformar. Effekterna av MiFID II är vaga men verkar ha sänkt den temporala aspekten av prispåverkan och då främst för MTF-plattformarna, medan effekterna på de reglerade marknaderna är mindre framträdande.

No description available.

Loud stage sound is a known challenge for live sound engineers, and the goal of this study was to investigate stage sound's role in live rock music performed in small venues. Stage sound is known to be prominent in small rooms as the total sound energy produced tends to contain a large proportion of stage sound. It commonly addressed that if the PA is overpowered by direct sound from instruments on stage, the mixing engineer may lose control over musical balance and overall sound level. To understand how engineers handle this, 6 professional engineers were interviewed by using semi-structured interviews. Additionally, 14 shorter interviews were conducted with musicians to gain further insight in what attributes of stage sound are desirable for performers and how they are affected by engineers' decisions. Results were interpreted through thematic analysis. 8 main themes were identified, some of which contained several subthemes. These themes were 1) Managing instruments' stage sound, 2) Monitor systems, 3) PA systems - what sources need reinforcement?, 4) Strategies for even coverage, 5) Sound level management, 6) Limitations of small venues 7) What is "good sound"? and 8) Communication regarding stage sound levels.

Because many Bemba Christians do not experience the guality of life through would follow conversion they are tempted to either settle for shallow, superficial religious'experience, or, during times of crisis, revert to traditional religious beliefs and practices they know are inconsistent with their theological understanding. In order to assist Christian communicators in their task of bringing the Bemba to authentic conversion and an experience of salvation that genuinely meets their needs, we have, in this study, tendered one strategy for reaching the Bemba heart. most comprehensive idea of order. Because the heart, or worldview, is where reality is known, vaiued · and ordered, it should be the focus of Christian communication that has as its purpose restoring people to comprehensive well-being, or restoration of peace with God, others, one's self and nature. To this end, we have gathered 2,686 Bemba proverbs. from approximately fifteen previously seven Bemba informants, provided conte:-..tually deterrt"$1ed translati_ons, meanings, usages and teachings, inter alia, and have attempted, by means of employing Hiebert's critical conte:-..tualisation method ( 1985: 188), to begin constructing a contextualised local theology of marriage which is the result of engaging in a dialogue between Bemba traditional values as expressed in their proverbial lore and related biblical values. The process of contextualisation is incomplete because it is our contention that it is the responsibility local Bemba theologians, not of foreign researchers, to construct a theology of marriage that is relevant t local Bemba needs. Thus, this study does not attempt to provide theological answers to marital needs; rather, it is offered to Christian communicators for exploratory use as a beach-head for constructing a bridge across which both Bemba and biblical worldview values might be mutually enriched. / Christian Spirituality, Church History and Missiology / M.Th. (Missiology)

Because many Bemba Christians do not experience the guality of life through would follow conversion they are tempted to either settle for shallow, superficial religious'experience, or, during times of crisis, revert to traditional religious beliefs and practices they know are inconsistent with their theological understanding. In order to assist Christian communicators in their task of bringing the Bemba to authentic conversion and an experience of salvation that genuinely meets their needs, we have, in this study, tendered one strategy for reaching the Bemba heart. most comprehensive idea of order. Because the heart, or worldview, is where reality is known, vaiued · and ordered, it should be the focus of Christian communication that has as its purpose restoring people to comprehensive well-being, or restoration of peace with God, others, one's self and nature. To this end, we have gathered 2,686 Bemba proverbs. from approximately fifteen previously seven Bemba informants, provided conte:-..tually deterrt"$1ed translati_ons, meanings, usages and teachings, inter alia, and have attempted, by means of employing Hiebert's critical conte:-..tualisation method ( 1985: 188), to begin constructing a contextualised local theology of marriage which is the result of engaging in a dialogue between Bemba traditional values as expressed in their proverbial lore and related biblical values. The process of contextualisation is incomplete because it is our contention that it is the responsibility local Bemba theologians, not of foreign researchers, to construct a theology of marriage that is relevant t local Bemba needs. Thus, this study does not attempt to provide theological answers to marital needs; rather, it is offered to Christian communicators for exploratory use as a beach-head for constructing a bridge across which both Bemba and biblical worldview values might be mutually enriched. / Christian Spirituality, Church History and Missiology / M.Th. (Missiology)

Cette analyse littéraire examine les parallèles entre les deux romans Lettres persanes de Montesquieu (1721) et Lettres d'une Péruvienne de Françoise de Graffigny (1747) en se concentrant sur le sort des femmes et leur rébellion contre la claustration. Leurs révoltes transformatrices révèlent une volonté qui refuse et puis transcende les barreaux de leur captivité pour vivre librement. La philosophie de Simone de Beauvoir (1908-1986) personnifie leurs luttes pour devenir et exister, ce qui se traduit par leur capacité de dévoiler leur vraie nature. Elles se battent contre le néant de leurs existences où elles ne peuvent que succomber aux contraintes imposées. Elles se battent pour se définir et pour devenir. Cependant, c'est Graffigny qui nous offre une réponse plus proto-féministe dépassant les paramètres masculins de la société. Son livre répond directement aux Lettres persanes pour créer une nouvelle femme iconoclaste qui transcende les barrières de la société pour se réinventer.

Atmospheric theming is the use of the sensory experience in connection to a theme. The purpose of this research is to examine the effects of atmospherics with theming and their effects on customer behavior in food and beverage operations of a theme park. The official research questions developed for this study include: Does the impact of the authenticity of atmospheric theming influence an effect on revisit intention? Does the type of theme (land's theme or venue's theme) influence the effect of visitor revisit intention? These questions guided the current research in previously non-evaluated fields of study. This study used the Mehrabian–Russel (M-R) model to create a new research model. In the current study, atmospheric theming was the stimuli, emotional value was the emotional response, and visitor revisit intentions was the behavioral intention. Restaurant image was added to the model to obtain a cognitive reason.The results from the multiple regression indicated that all hypotheses were accepted. Restaurant image had a positive influence on both authenticity variables, and both authenticity variables had a positive influence on emotional value. Finally, emotional value was found to have a positive influence on revisit intention. These results indicated that atmospheric theming influenced revisit intention through emotional value. Furthermore, the results indicated that when it comes to the different types of themes within a venue, as indicated in the second research question, the venue's theme has a stronger influence on the emotional value than the land's theme.

No description available.

La mer joue un rôle essentiel dans la régulation du climat et dans l'équilibre écologique. Les océans et les mers constituent une source de richesse, un immense réservoir de ressources alimentaires et d'emplois pour un grand nombre de personnes. La mer Méditerranée est un écosystème sensible soumis à de fortes pressions par les activités humaines comme la pêche, l'exploration gazière et pétrolière, l'immersion des déchets ou d'autres matières en mer, le transport maritime, le transfert d'espèces aquatiques envahissantes par les eaux de ballast et le tourisme littoral. La France durement touchée par les naufrages de l'Amoco Cadiz, de l'Erika et du Prestige, a pris de nombreuses initiatives tant au niveau international que régional. La complexité du problème de la pollution marine, due à la diversité des facteurs polluants et à leurs sources diffuses, a favorisé une approche sectorielle. Cette approche s'est traduite par l'adoption, aux niveaux national, régional et international, d'un ensemble disparate de politiques, textes législatifs, programmes et plans d'action dans le domaine de la protection du milieu marin. Il s'agit d'un corps de règles étouffées comprenant des mesures préventives et répressives. La complexité institutionnelle et juridique de la protection du milieu marin empêche pourtant la protection effective de la mer. Dans ce contexte, la communauté internationale encourage la mise en œuvre d'une approche écosystématique pour les océans. À l'échelle européenne, l'adoption de la directive-cadre « stratégie pour le milieu marin » favorise la cohérence entre les différentes politiques européennes et l'intégration des préoccupations environnementales dans toutes les politiques liées à la mer. De plus, l'efficacité de la législation européenne dans le domaine de la lutte contre la pollution marine a été renforcée par l'adoption d'un cadre commun de responsabilité pour la prévention et la réparation des préjudices environnementaux. / The sea plays a vital role in regulating climate and in maintaining ecological balance. The oceans and the sea constitute a source of wealth, an immense reservoir of food resources and of employment for many people. The Mediterranean Sea is a sensitive ecosystem, subject to strong pressures derived from human activities, such as fishing, oil and gas exploration, dumping of waste and other matter in the sea, maritime transport, transfer of aquatic invasive species via ballast water and littoral tourism. France, severely affected by the sinking of the Amoco Cadiz, the Erika and the Prestige, took numerous initiatives not only at an international but also at a regional level. The complexity of the marine pollution problem, due to the diversity of polluting factors and to their diffuse sources, has favored a regional approach. This approach has resulted in the adoption, at a national, regional and international level, of a network of policies, legislative texts, programs and action plans in the field of marine environment protection. It constitutes a stifling body of rules, comprising preventive and repressive measures. The institutional and legal complexity of marine protection hinders, however, the effective protection of the marine environment. ln this context, the international community encourages the implementation of an ecosystem approach to oceans. At European level, the adoption of the Framework Directive «Strategy for the Marine Environment» favours a consistency between different EU policies as well as an integration of environmental considerations into ail policies related to the sea. Furthermore, the effectiveness of European legislation in the field of the fight again marine pollution, has been reinforced by the adoption of a common framework of liability with regard to the prevention and remedy of environment damage.

Abstracts in English, Afrikaans and Zulu / Worldwide, students compete for a limited number of places at universities. By increasing the use of distance education, more students could have access to tertiary education. The problem addressed in this study related to the challenges faced by an ODL university to assess undergraduate modules in accounting sciences by way of technology-enhanced, non-venue-based alternative assessments, instead of the traditional venue-based examinations. The purpose of the current study was to develop an alternative assessment framework for ODL undergraduate accounting sciences modules as a possible solution to the assessment challenges faced by accounting graduates and universities in an ODL environment. The legitimacy of qualifications was considered by reviewing the identity verification of students and other ethical issues, as well as the influence on the accreditation by professional and other regulatory and governing bodies. Institutional and neo-institutional theories were used within the ODL context as foundational principles. Design-based research was used to develop two conceptual frameworks – one based on the theoretical elements and the other on non-venue-based alternative assessments in the ODL context. The two conceptual frameworks were evaluated using interviews conducted with ODL lecturers and members of professional accounting bodies. Thereafter, the data were analysed using thematic analysis. Triangulation was used as a final evaluation of the conceptual frameworks by analysing comments from students included in reports from an alternative assessment pilot study. The two conceptual frameworks were combined in one final framework. This final framework demonstrates how the institutional theory affects the institution and, specifically, internal issues. Due to the complexity of the ODL institution, external influences (such as technology) result in aspects of the neo-institutional theory becoming even more relevant to the current study. This complexity, together with the mimetic forces of technology and innovation, creates uncertainty. However, it became clear from the data analysis that coercive and normative forces result in ‘more certainty’. The alignment of these isomorphic forces resulted in legitimacy. Due to the importance of technology in the ODL environment, it became clear that technology should be anthropomorphically considered a stakeholder in the ODL institution. The inclusion of stakeholder theory created improved performance and the potential for innovation in order to ensure the legitimacy of qualifications. / Studente ding wêreldwyd mee vir 'n beperkte aantal plekke in universiteite. Indien die gebruik van afstandsonderrig uitgebrei word, kan meer studente toegang tot tersiêre onderwys kry. Die probleem waarop hierdie studie fokus is die uitdagings van 'n OAO-universiteit om voorgraadse modules in rekeningkundige wetenskappe te assesseer deur middel van tegnologies verbeterde, nie-lokaalgebaseerde alternatiewe assesserings in plaas van die tradisionele, lokaalgebaseerde eksamens. Die doel van die huidige studie was om 'n alternatiewe assesseringsraamwerk vir voorgraadse rekeningkundige wetenskapmodules in OAO te ontwikkel as 'n moontlike oplossing vir die assesseringsuitdagings van rekeningkundige gegradueerdes en universiteite in ’n OAO-omgewing. Die geldigheid van kwalifikasies is oorweeg deur 'n oorsig te doen oor die identiteitsverifiëring van studente en ander etiese aangeleenthede, asook die invloed op die akkreditasie deur professionele en ander regulatiewe beheerliggame. Institusionele en neo-institusionele teorieë is in die OAO-konteks as grondbeginsels gebruik. Ontwerpgebaseerde navorsing is gebruik om twee konseptuele raamwerke te ontwikkel – een gebaseer op die teoretiese elemente en die ander op nie-lokaalgebaseerde alternatiewe assesserings in die OAO-konteks. Die twee konseptuele raamwerke is geëvalueer aan die hand van onderhoude met OAO-dosente en lede van professionele rekeningkundige liggame. Hierna is die data deur middel van tematiese analise ontleed. Triangulasie is gebruik as 'n finale evaluering van die konseptuele raamwerke deur die kommentaar van studente wat in verslae van 'n alternatiewe assesseringsvoorstudie ingesluit is, te evalueer. Die twee konseptuele raamwerke is in een finale raamwerk gekombineer. Hierdie finale raamwerk demonstreer hoe die institusionele teorie die instelling en, spesifiek, interne aangeleenthede beïnvloed. As gevolg van die kompleksiteit van die OAO-instelling, veroorsaak eksterne invloede (soos tegnologie) dat die neo-institusionele teorie selfs meer relevant vir die huidige studie word. Hierdie kompleksiteit, tesame met die mimetiese magte van tegnologie en innovasie, skep onsekerheid. Dit is egter duidelik uit die data-analise dat dwang- en normatiewe magte ‘meer sekerheid’ veroorsaak. Die belyning van hierdie isomorfiese magte veroorsaak geldigheid. As gevolg van die belangrikheid van tegnologie in die OAO-omgewing, is dit duidelik dat tegnologie antropomorfies beskou moet word as 'n belanghebber in die OAO-instelling. Die insluiting van die belanghebbende teorie het verbeterde prestasie en die potensiaal vir innovasie tot gevolg gehad, om sodoende die geldigheid van kwalifikasies te verseker. / Emhlabeni wonke, abafundi bazabalazela ukuthola ithuba lokungena kwizindawo ezingamanyuvesi amancane ngenani. Ngokukhulisa izinga lokusetshenziswa kohlelo lokufunda ukude, abafundi abaningi bebangakwazi ukungena emazikweni ezemfundo aphakemeyo. Inkinga exazululwa kulolu cwaningo imayelana nezinselelo ezibhekene nenyuvesi yohlelo lwe-ODL ukuhlola amamojuli asesigabeni seziqu zokuqala kwisayensi ye-accounting ngendlela yoncedo lobuchwepheshe, ngezinye izinhlelo zokuhlola ezingenziwa endaweni eyodwa, kunokusebenzisa uhlelo olwejwayelekile lokuhlolwa okwenziwa endaweni eyodwaethize. Inhloso yocwaningo lwamanje kwaye kungukwakha esinye isakhiwo sokuhlola samamojuli esayensi ye-accounting yeziqu zokuqala, lokhu kwenziwa njengekhambi elingaxazulula izinselelo zokuhlola ezibhekene nabafundi besifundo se-accounting kanye namanyuvesi akusizinda sohlelo lwe-ODL. Udaba lokuba semthethweni kweziqu luye lwabhekwa ngokubuyekeza ukuqinisekiswa kwamagama abafundi kanye nezinye izindaba ezimayelana nemigomo yokuziphatha, kanye nomthelela phezu kokwamukelwa kwamaprofeshinali kanye nezinye izinhlaka eziqinisa umthetho kanye nezinye izinhlaka eziphetheyo. Amathiyori eziko kanye nalawo ohlelo olusha lwamaziko asetshenziswe ngaphakathi kwesizinda se-ODL njengemigomo eyisisekelo. Ucwaningo olususelwa kwidizayini lusetshenziswe ukwakha izinhlaka ezimbili zegama – olunye uhlaka lususelwe kwizinto zethiyori kanye nakwezinye izinhlelo zokuhlola ezingasuselwa ezindaweni ezimile ngaphakathi kwesizinda se-ODL. Izinhlaka ezimbili zezakhiwo ziye zahlolwa ngokusebenzisa izinhlolovo ezenziwa abafundisi be-ODL kanye namalungu wezinhlangano eziprofeshinali zesifundo se-accounting. Ngemuva kwalokho, idatha ihlaziywe ngokusebenzisa uhlelo lokuhlaziya isihloko. Unxantathu wezinhlolovo (triangulation) usetshenziswe njengohlelo lokugcina lokuhlola izakhiwo zegama ngokuhlaziya izimvo ezivela kubafundi ezixutshwe kwimibiko evela ohlelweni lokuhlolwa kwesivivinyo socwaningo.Lezi zakhiwo zamagama ezimbili zihlanganiswe kuhlaka olulodwa lokugcina. Lolu hlaka lwesakhiwo lukhombisa indlela umqondo weziko othinta ngayo iziko, ikakhulu, izinto ezingaphakathi. Ngenxa yengxubevange yeziko elinohlelo lwe-ODL, imithelela evela ngaphandle (enjengobuchwepheshe) idala izinto ezihambelana nomqondo omusha weziko oya ngokuya uhambisane nesifundo samanje socwaningo. Le ngxubevange indawonye nemimoya yobuchwepheshe kanye namaqhinga amasha, kuletha isimo esingenakuqinisekiswa. Yize kunjalo, kuya ngokucaca ukusukela ekuhlaziyweni kwedatha ukuthi imimoya ephoqayo kanye naleyo eyejwayelekile idala isimo esingaziwa. Ukuhambisana kwalawa mandla okudalwe yizinto ezisemthethweni. Ngenxa yokubaluleka kobuchwepheshe kwisizinda se-ODL, kuye kwacaca ukuthi ubuchwepheshe kufanele buthathelwe phezulu njengesidlalindima kwiziko le-ODL. Ukufakwa komqondo womdlalindima kudale umsebenzi omuhle othuthukile kanye namathuba okuveza amaqhinga amasha ukuze kuqinisekiswe isimo sokuqinisekisa iziqu ukuthi zibe semthethweni. / College of Accounting Sciences / D. Phil. (Accounting Sciences)