scholarly journals Wealth Effect For U.S. Acquirers From Foreign Direct Investments

1970 ◽  
Vol 20 (1) ◽  
pp. 7-22
Author(s):  
Halil Kiymaz

This study investigates the wealth effects of foreign direct investments on U.S.firms during the period of 1989-2000. Overall findings indicate that U.S.acquirers experience statistically significant wealth gains of 0.57 percent aroundthe announcement of acquisitions. The wealth effects do vary with location oftarget firms and acquirers' industry affiliation. Acquisitions in Europe yieldsignificant positive wealth gains while acquisitions in AsiaIPacfic, NorthAmerica, and Latin/Central America regions yield negative wealth gains. Thehighest wealth gains to U.S. acquirers occur when they acquire targets inFrance followed by acquisitions in the UK. Canadian acquisitions, on the otherhand, yield negative significant wealth gains. The highest wealth gains are alsoobserved in the services industry followed by acquisitions in the manufacturingand food industries. Acquisitions in mining/extraction, paper products, andcommunications sectors, on the other hand, yield statistically significant negativewealth gains to acquirers.

Author(s):  
Armağan Gözkaman

The European Community/Union has always been a controversial issue in the UK. At present, the probability of an in-or-out referendum makes it all the more divisive. Eurosceptics see a brighter future for their country outside the union both in political and economic terms. Pro-Europeans, on the other hand, maintain that British membership brings up benefits that outweigh the costs. Both sides have their arguments. The former seek success through social mobilizations and debates. The latter believe that the anti-EU stance may be costly in economic and political terms. Hence, the public must be convinced before the referendum – if it ever takes place.


2020 ◽  
Vol 13 (1) ◽  
pp. 81-99 ◽  
Author(s):  
Harriet Pattison

This paper reflects on the question of whether, and how, Fundamental British Values (FBVs) may affect the practice of home education in the UK. Fundamental British Values were introduced into the national curriculum in 2014, for state administered schools and preschools which have since been required to demonstrate that FBVs are embedded in the practice of the setting. Home educators, on the other hand, are not obliged to follow the national curriculum meaning that the effect of FBVs on such alternative education is not obvious. However, this paper draws attention to the wider environment of home education by considering FBVs as the product of three particular spheres of contemporary discourse as they interrelate and influence each other. These are the affordances of identity in a postinternational era, expressions of Foucauldian governmentality in terms of self-surveillance and management, and the developmental paradigm. Fundamental British Values, alongside the concept of parenting and the materialization of a particular social morality, are considered as the inescapably emergent products of the un/reason created by the overlapping of these discourses. Their convergence, in turn, creates a weight of logic from which FBVs exert influence over the practice and judgment of alternative forms of education.


1987 ◽  
Author(s):  
Y Sugawara ◽  
Y Takada ◽  
A Takada

The activation rate of Glu-plasminogen (Glu-plg) by urokinase (UK) was enhanced in the presence of either tranexamic acid or fibrin with increase in catalytic rate constant (kcat) without change in Km. The values of kcat increased almost linearly up to 0.5 mM of tranexamic acid concentration and reached a plateau. On the other hand, the presence of increasing concentrations of fibrin resulted in almost hyperbolic increase in kcat values, reaching the plateau level at 0.04 μM. The values of kcat increased three fold at 0.5 mM of tranexamic acid and at 0.04 μM of fibrin. Fibrinogen was less effective and kcat increased two fold in the presence of 1 μM of fibrinogen. Similar kinetic parameters suggest that basic mechanisms underlying the enhanced activation of Glu-plg by UK may be similar between in the presence of tranexamic acid and fibrin. Possibly conformational changes of Glu-plg upon interaction of its lysine binding sites (LBS)< with tranexamic acid or fibrin may be reasons for the enhanced activation. The addition of fibrin to 1 mM tranexamic acid resulted in further increase in kcat of the UK activation of Glu-plg. On the other hand, the addition of tranexamic acid to 0.1 μM of fibrin further increased kcat of the UK activation of Glu-plg. Thus synergy was observed in the activation of Glu-plg by UK between tranexamic acid and fibrin. Fibrin binding site on kringle 5 of Glu-plg may be involved in further increase in the activation rate of Glu-plg by UK in the presence of both fibrin and tranexamic acid in comparison to that in the presence of tranexamic acid alone. Possibly, Glu-plg bound with both tranexamic acid and fibrin (at kringle 5) may be most effectively activated by UK. From the concentrations of fibrin to show 50 % changes of kcat, it is also suggested that two molecules of Glu-plg should bind to one molecule of fibrin monomer.


2010 ◽  
Vol 13 (04) ◽  
pp. 607-620 ◽  
Author(s):  
Yaw-Huei Wang ◽  
Yu-Jen Hsiao

Based upon the theory of the "arrival of news", the main purpose of this paper is to investigate the impact of non-trading periods on the measurement of volatility for the S&P 500, FTSE 100, and TAIEX indices. Using an adaptation of the GJR (1,1) model, we find that both weekday holiday periods and half-day trading periods have significant impacts on the estimation of volatility for the S&P 500 and FTSE 100 indices. On the other hand, weekends have significant impacts for the TAIEX index. Our findings imply that for the UK and US markets, much less relevant information is produced during weekends, while more relevant information continues to be produced during other types of non-trading periods. However, the weekend volatility of the Taiwan market is specially driven because the US macro news is announced on Fridays and the trading time of the US market is later than that of the Taiwan market without any overlapping.


Author(s):  
Des Fitzgerald ◽  
Felicity Callard

The medical humanities are at a critical juncture. On the one hand, practitioners of this field can bask in their recent successes: in the UK, at least, what was once a loose set of intuitions – broadly about animating the clinical and research spaces of biomedicine with concepts and methods from the humanities – has become a visible and coherent set of interventions, with its own journals, conferences, centres, funding streams and students. On the other hand, the growth, coherence and stratification of this heterogeneous domain have raised the spectre of just what, exactly, the medical humanities is growing into. In particular, scholars have begun to worry that the success of the medical humanities is tied up with being useful to biomedicine, that the medical humanities has been able to establish itself only by appearing as the domain of pleasant (but more or less inconsequential) helpmeets.


2016 ◽  
Vol 4 (2) ◽  
pp. 15-24 ◽  
Author(s):  
Patrick Diamond

This article contributes to a burgeoning literature on political leadership, offering an interim assessment of Jeremy Corbyn’s tenure as leader of the UK Labour party. At the time of writing, the candidate of the party’s Left had been leader for a mere seven months. Media commentators and pundits have been critical of Corbyn’s platform and performance, gleefully predicting his imminent demise. On the other hand, the ‘Corbynistas’ who swelled Labour’s ranks in the aftermath of the 2015 defeat have remained steadfast and committed supporters. Their hope is not only that Labour will win the next election, but that Corbyn can recast the landscape of British politics by challenging the economic and political establishment which has assented to the growth of inequality and austerity.


2017 ◽  
Vol 14 (1) ◽  
pp. 63-77 ◽  
Author(s):  
Francis Pakes ◽  
Katrine Holt

The crimmigration landscape in the UK is much lamented. Reference is frequently made to the recent creation of dozens of new immigration offences and a sharp increase in the administrative detention of immigrants during the last two decades. In particular, the prison has recently become an acute site of crimmigration, with separate prisons for foreign nationals (Kaufman, 2013). Norway, on the other hand, has traditionally been regarded as an exception. The treatment of criminals and outsiders is described as inclusive and rehabilitative and focused on their successful return to society. However, here a distinction is also increasingly made between prisoners who will return to society and those who will not, most particularly foreign nationals. The UK and Norway are virtually the only countries in Western Europe with regular prisons that are exclusively reserved for foreign nationals. This article examines how the arguably most benign and the arguably most severe prison systems of Western Europe have come to mimic each other in this fashion. Wider implications for our theoretical understanding of the nature and loci of crimmigration policies are also considered.


2020 ◽  
Vol 16 (01) ◽  
pp. 1-4
Author(s):  
Preeti Singhal

The value of the Indian Rupee (INR) is generally affected by demand and supply economics. India’s demand for oil and gold creates a demand for US dollars to settle the payments, as these payments need to be settled in hardcore currency. Along with this, any Indian firm’s investment outside the country also creates the demand for US Dollars for paying for the investment. On the other hand, the export of Indian goods and services, foreign direct investments (FDIs) by companies in Indian companies and subsidiaries, and the investment by foreigners in Indian stock and bond markets typically create the supply of US Dollars. Whenever the demand of INR exceeds the supply of INR, the currency appreciates and vice versa. The present paper is an effort to understand the major determinants of Indian rupee valuation conceptually. Inputs given in the paper are based on many previous studies on the same.


1985 ◽  
Vol 27 (2) ◽  
pp. 99-126 ◽  
Author(s):  
Robert K. Evanson

This Essay examines Soviet uses of economic trade for political and diplomatic purposes in Latin America. Recent events in Central America and the Caribbean have generated a great number of analyses of Soviet goals and tactics in the Western Hemisphere (Duncan, 1984; Leiken, 1984; Rothenberg, 1984; Varas, 1984; Valenta, 1982). Direct Soviet military aid to Nicaragua, and to Grenada prior to the U.S. invasion in 1983, has suggested a more forward Soviet role in the region. On the other hand, Soviet arms shipments to Latin America, excepting those to Cuba, are a relatively recent response to revolutionary developments that may prove to be ephemeral, or which may encounter stiff U.S. resistance. Given geopolitical realities of the area, the Soviet military option certainly is less viable in Latin America than elsewhere in the developing world. In contrast, trade and aid – and Soviet aid is given chiefly in the form of trade credits – are a long-established, politically safe tactical alternative.


2002 ◽  
Vol 61 (3) ◽  
pp. 715-738
Author(s):  
S.I. Strong

As volume four of Current Legal Issues demonstrates, commentary on the interplay between law and religion in the UK is growing, although the subject still attracts nowhere near the level of attention it does in other countries. The newest addition to the literature constitutes a welcome advance to lawyers working or interested in the field. For example, many existing collections of essays on law and religion focus primarily on sociological issues. This compilation, on the other hand, contains many essays that stress truly legal dilemmas, although sociological, philosophical and other approaches to the question are still well represented among the thirty contributions.


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