Are Nonprofits Efficient? A Test Using Hospital Market Values

2003 ◽  
Author(s):  
Paul J. Gertler ◽  
Jennifer W. Kuan
2015 ◽  
Vol 10 (3) ◽  
pp. 275-289
Author(s):  
Tadeusz Liziński ◽  
Marcin Bukowski ◽  
Anna Wróblewska

Projects for flood protection are increasingly the subject of investment projects in the field of water management. This is related to the increasing frequency of worldwide threats caused by extreme weather conditions, including extremely high rainfall causing floods. Technical and nontechnical flood protection measures are also increasing in importance. In the decision-making process, it is necessary to take into account both the costs and benefits of avoiding losses, including an analysis of social benefits, whose valuation of non-market goods is an essential element. A comprehensive account of projects in the field of flood protection based on the estimated costs and benefits of the investment allows the economic efficiency from a general social point of view to be determined. Previous evaluations of the effectiveness of investment projects have mainly taken into account only categories and market values. The aim of the article is to identify the possibilities to expand the values of non-market assessments and categories formulated on the basis of the theoretical economics of the environment. 


Author(s):  
Jeffrey D. Fisher ◽  
Dean H. Gatzlaff ◽  
David M. Geltner ◽  
Donald R. Haurin

1998 ◽  
Vol 25 (2) ◽  
pp. 110-114
Author(s):  
P. D. Blankenship ◽  
J. W. White ◽  
M. C. Lamb

Abstract Some farmers mechanically screen farmer stock (FS) peanuts after combining to remove undesired materials for value and quality improvement. Screening is accomplished with low capacity, portable screens at the field after combining or with high capacity cleaners or screens at buying points. An alternative method for FS peanut screening has been developed cooperatively by Amadas Industries and USDA-ARS, National Peanut Research Laboratory utilizing an experimental combine screening attachment. The attachment is a hydraulically driven, rotating cylindrical screen (trommel) with an axis inclined less than 10° from horizontal during operation. Peanuts are screened with the trommel prior to entering the combine basket, and smaller, unwanted materials are returned to the soil. Thirty-eight lots of FS peanuts averaging 3.27 t/lot were combined throughout all U.S. peanut-producing regions to examine performance. Foreign materials for the screened lots averaged 2.15% less than the unscreened lots (P = 0.05). Hulls were 0.62% less in the screened lots (P = 0.05). None of the other grade factors or market values per hectare were significantly different for runner peanuts. Foreign materials for screened virginia peanuts were 2.44% less than in unscreened (P = 0.01). Loose shelled kernels were 0.44% higher (P = 0.05), hulls 0.67% lower (P = 0.10), and damage 0.56% higher in screened peanuts than in unscreened. None of the other grade factors or market values per hectare were significantly different for Virginia peanuts. Although most grade factors and values per hectare were not significantly different for screened and unscreened peanuts tested, foreign materials were reduced significantly providing needed quality improvement. Possible cleaning costs also could be reduced with the attachment.


2021 ◽  
pp. 1-21
Author(s):  
Ludwig Erl ◽  
Florian Kiesel

Abstract This study provides a perspective on the market performance of divestitures in the global brewing industry. In 2018, the five largest players accounted for 60% of the global beer volume. We analyze to what extent the capital market values divestitures in an industry where players usually seek efficiency gains and growth through mergers and acquisitions. Based on a sample of 61 divestiture intent announcements in the period from 1999–2018, this study shows that publicly listed brewing groups experience significant positive abnormal returns of about 1.4%. We measure the influential effect of success determinants concerning the underlying industry, the divested business, the divestiture structure, and the divestor itself. (JEL Classifications: G14, G34, L25, Q14)


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