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Now showing items 145 - 160 of 203543

  • Allan M. Williams - A life course perspective

    Shaw   Gareth  

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  • A. M. Rozen’s classification of extraction processes

    Khol’kin, A. I.   Belova, V. V.  

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  • Extraversion, individualism and M&A activities

    Chan, Alex W.H.   Cheung, Hoi Yan  

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  • M&A deal initiation and managerial motivation

    Fidrmuc, Jana P.; Xia, Chunling  

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  • Determinants of acquirer-target distance in M & A

    Kim, Tae-Nyun; Chun, Bumseok  

    Purpose - The purpose of this paper is to propose several potential determinants of the distance between acquirer and target in M&A deals and examine the negative impact of the acquirer-target distance on announcement returns of acquiring firms. Design/methodology/approach - By employing two-stage regression model, the authors control for the potential endogeneity of acquirer-target distance. The authors use excess distance instead of raw distance between acquirer and target to look at the impact of acquirer-target distance on announcement returns. Findings - The authors find that acquirer-target distance in M&A tends to be longer when major hub airports are located closer to acquiring and target firms, target firm is located in a region with higher level of unemployment rate and median household income, and target firm is smaller and has more cash holdings. When controlling for the potential determinants of acquirer-target distance, including the level of targets information asymmetry, the authors still find that the excess distance between acquirer and target has a negative impact on announcement returns of acquiring firms. Originality/value - This study provides three main contributions to the literature. First, the authors find that acquirer-target distance in M&A is not exogenous and determined by several firm characteristics and regional economic factors. Second, the authors show that the acquirer-target distance has a negative impact on announcement returns even when controlling for the potential determinants. Third, by including information asymmetry measures as potential determinants of acquirer-target distance, the authors show that information advantage of local bidders may not be the most critical factor for their higher returns compared to the bidders from remote areas.
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  • A note on the SG(m) test

    Lopez, Fernando A.   Matilla-Garcia, Mariano   Mur, Jesus   Paez, Antonio   Ruiz, Manuel  

    Lopez et al. (Reg Sci Urban Econ 40(2-3): 106-115, 2010) introduce a nonparametric test of spatial dependence, called SG(m). The test is claimed to be consistent and asymptotically Chi-square distributed. Elsinger (Reg Sci Urban Econ 43(5): 838-840, 2013) raises doubts about the two properties. Using a particular counterexample, he shows that the asymptotic distribution of the SG(m) test may be far from the Chi-square family; the property of consistency is also questioned. In this note, the authors want to clarify the properties of the SG(m) test. We argue that the cause of the conflict is in the specification of the symbolization map. The discrepancies can be solved by adjusting some of the definitions made in the original paper. Moreover, we introduce a permutational bootstrapped version of the SG(m) test, which is powerful and robust to the underlying statistical assumptions. This bootstrapped version may be very useful in an applied context.
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  • A tribute to John M. Prausnitz

    Cummings, Peter   O\"Connell, John   Harold, Michael P.  

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  • A Few Minutes With Rebecca M. Patton

    Rebecca M. Patton  

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  • Determinants of acquirer-target distance in M & A

    Kim, Tae-Nyun   Chun, Bumseok  

    Purpose – The purpose of this paper is to propose several potential determinants of the distance between acquirer and target in M & A deals and examine the negative impact of the acquirer-target distance on announcement returns of acquiring firms. Design/methodology/approach – By employing two-stage regression model, the authors control for the potential endogeneity of acquirer-target distance. The authors use excess distance instead of raw distance between acquirer and target to look at the impact of acquirer-target distance on announcement returns. Findings – The authors find that acquirer-target distance in M & A tends to be longer when major hub airports are located closer to acquiring and target firms, target firm is located in a region with higher level of unemployment rate and median household income, and target firm is smaller and has more cash holdings. When controlling for the potential determinants of acquirer-target distance, including the level of targets information asymmetry, the authors still find that the excess distance between acquirer and target has a negative impact on announcement returns of acquiring firms. Originality/value – This study provides three main contributions to the literature. First, the authors find that acquirer-target distance in M & A is not exogenous and determined by several firm characteristics and regional economic factors. Second, the authors show that the acquirer-target distance has a negative impact on announcement returns even when controlling for the potential determinants. Third, by including information asymmetry measures as potential determinants of acquirer-target distance, the authors show that information advantage of local bidders may not be the most critical factor for their higher returns compared to the bidders from remote areas.
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  • A note on the SG(m) test

    López, Fernando A.   Matilla-García, Mariano   Mur, Jesús   Páez, Antonio   Ruiz, Manuel  

    López et al. (Reg Sci Urban Econ 40(2–3):106–115, 2010) introduce a nonparametric test of spatial dependence, called SG(m). The test is claimed to be consistent and asymptotically Chi-square distributed. Elsinger (Reg Sci Urban Econ 43(5):838–840, 2013) raises doubts about the two properties. Using a particular counterexample, he shows that the asymptotic distribution of the SG(m) test may be far from the Chi-square family; the property of consistency is also questioned. In this note, the authors want to clarify the properties of the SG(m) test. We argue that the cause of the conflict is in the specification of the symbolization map. The discrepancies can be solved by adjusting some of the definitions made in the original paper. Moreover, we introduce a permutational bootstrapped version of the SG(m) test, which is powerful and robust to the underlying statistical assumptions. This bootstrapped version may be very useful in an applied context.
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  • m(6)A: Signaling for mRNA splicing

    Adhikari, Samir   Xiao, Wen   Zhao, Yong-Liang   Yang, Yun-Gui  

    Among myriads of distinct chemical modifications in RNAs, dynamic N6-methyladenosine (m(6)A) is one of the most prevalent modifications in eukaryotic mRNAs and non-coding RNAs. Similar to the critical role of chemical modifications in regulation of DNA and protein activities, RNA m(6)A modification is also observed to be involved in the regulation of diverse functions of RNAs including meiosis, fertility, development, cell reprogramming and circadian period. The RNA m(6)A modification is recognized by YTH domain containing family proteins comprising of YTHDC1-2 and YTHDF1-3. Here we focus on the nuclear m(6)A reader YTHDC1 and its regulatory role in alternative splicing and other RNA metabolic processes.
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  • Historical perspectives on accounting for M&A

    Amel-Zadeh, Amir   Meeks, Geoff   Meeks, J. Gay.  

    This paper attempts to tease out some of the reasons why the history of M&A accounting has been so fraught. It compares the different M&A accounting regimes which have been tried over time in UK, US and international standards. It illustrates the quantitative impact of alternative accounting regimes on financial statements. It asks whether the resulting numbers make any difference to decisions and behaviour. It charts the rising scale of M&A expenditures which have accompanied the different accounting regimes. And it suggests that a number of historical developments have intensified the challenges posed by accounting for M&A developments in firms' investment choice between M&A or new tangibles, in the role of intangibles, in means of payment for M&A, in stock market price movements, in the synergies created by M&A, and in 'creative accounting'.
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  • A Jane Austen Dictionary || M

    Apperson, George Latimer  

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  • Crystallography: a very short introduction, by A. M. Glazer

    Clayton, John D.  

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  • Family Catastrophe (A Modernist Novel) || M.

    Wang, Wen-hsing  

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  • A Case for Student-Created Portfolios in O&M

    Perla, Fabiana   Maffit, Jamie  

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