Miracle-dz/UniFAR-FTUs huggingface dataset:
MSc in Banking and Finance Dissertation “Wealth effects of Acquisitions: Evidence from Eastern Europe”

1 Acknowledgements . 2 Table of contents . 3 List of tables . 4 Section 1 . 5 Introduction . 5 Section 2 . 8 Literature review . 8 2.1. Pay offs to shareholders . 9 2.2. Pay Offs for Bondholders . 12 2.3. Value-maximizing and size-maximizing takeovers . 13 2.4. Postacquisition Performance Studies . 14 Section 3 . 17 The Sample and the Methodology . 17 3.1. The sample . 17 3.2. Descriptive statistics . 18 3.3. Methodology . 22 3.3.1. Share-price analysis . 22 3.3.2. Post-acquisition operating performance . 23 3.3.3. Regression analysis for target abnormal returns . 25 Section 4 . 27 The empirical results for the short-term and long-term reactions on acquisitions . 27 4.1. Announcement period abnormal returns and cumulative returns for the entire sample . 27 4.2. ARs and CARs for the full sample based on relatedness and geographic origin . 30 4.3. Post-acquisition operating performance . 34 4.4. Regression analysis for target abnormal returns . 37 Section 5 . 40 Conclusions . 40 References . 42 Appendices . 47
Perceived Relationship between Corporate Capital Structure and Firm Value in the Kenyan Listed Companies

The purpose of this study was to establish the perceived relationship between corporate capital Structure and Firm value in the Kenyan Listed Companies. The study employed an explanatory research design. The population of the study consisted of 61 companies listed on the NSE. The sample size for this study was made up of 35 listed companies excluding the financial companies, Investment and Insurance companies due to their peculiar nature of capital structure. The study relies on Secondary data sourced from annual audited financial statement of the firms listed on Nairobi Securities Exchange. The study utilized descriptive and regression analysis to determine the relationship between corporate capital structure and firm value of the Kenyan listed companies. The study results were that companies used more debt as a source of financing its assets than equity capital. The regression results indicated that there was a positive relationship between capital structure, size of the firm, liquidity, growth opportunity and firm value. Therefore, the higher the debt to equity ratio, the higher the firm value. The unique contribution of this paper is that it reduces the lack of conclusiveness on the debate about the relationship between corporate capital structure and firms value. The study recommended the listed companies in Kenya to engage strategic investors to shore up their debt capital and also recommended that the equity share holder should be substituted for debt share holding in future. This would bring about improved firms value. Keywords: Corporate capital Structure, Firm value, Finance, Growth Opportunity, Liquidity
Advanced structural analysis of reinforced shotcrete

Several attempts have been made to assess the ultimate capacity, and sometimes the overall response, of cemented mine fill barricades. Many of these have incorporated elastic-plastic constitutive models which are known to be inferior when modelling non-linear plain or reinforced concrete behaviour. Furthermore, virtually all such studies have not systematically considered the surrounding host rock’s stiffness. This paper considers barricades with boundaries of both infinite and finite stiffness using advanced numerical analysis tools developed at the University of Toronto which have been specialised for reinforced concrete design in a civil engineering context. These peer-reviewed tools are internationally considered to be state-of-the-art. The first case considers the problem of modelling reinforced concrete barricades with infinitely stiff boundary conditions. A set of relevant, carefully controlled laboratory studies is reviewed and the numerical analysis technique is shown to be appropriate. Modelling is then carried out for the case of a barricade at Cayeli Mine where the loading was believed to be essentially fluid, and therefore the modelled boundary condition easily represented. The pre-peak load-deformation relationships are correlated between field monitoring and numerical model results with excellent agreement. The second case considers the problem of barricade boundaries with finite stiffness. Equations based on Timoshenko and Boussinesq solutions were developed to represent equivalent end restraints for the modelled barricade. A wide range of stiffness encompassing virtually all possible rock conditions was considered. Practicing mining engineers can use standardised underground mapping and rock mass classification techniques to determine what an appropriate end stiffness value would be for their mining conditions. It will be shown that barricade capacity varies significantly with host rock stiffness, and that the commonly made design assumption of a fully rigid boundary can result in unconservative over-prediction of barricade strength.
The Relationship between Domestic Violence and Women's Sexual Function in the City of Puntianak

Introduction The increasing number of domestic violence every year causes many health problems mainly women’s reproductive health. This violence may influence the sexual life in their families, especially women’s sexual function. It is known that the sexuality is as a part of family’s life. The fulfilled family will guarantee their pleasurable sexual life. At this point, no research has been conducted to investigate whether there is a relationship between the domestic violence and the sexual function in Pontianak. The research was planned to investigate the relationship between domestic violence and women’s sexual function in Pontianak. Methods We used the Analytic Observational Research and the cross-sectional study designs. We also used cluster random sampling to select women in Pontianak as the respondents. The research instrument used was the FSFI that was developed by Rosen et al (2000). The data was analyzed by using the statistics program version 8 th
Economical Feasibility of Utilizing Photovoltaics for Water Pumping in Saudi Arabia

Energy and water are the two major need of the globe which need to be addressed for the sustenance of the human beings on this planet. All the nations, no matter most populous, developed and developing need to diversify the means and ways of producing energy and at the same time guarding the environment. This study aims at techno economical feasibility of producing energy using PV solar panels and utilizing it to pump-water at Dhahran, Riyadh, Jeddah, Guriat, and Nejran regions in Saudi Arabia. The solar radiation data from these stations was used to generate electricity using PV panels of 9.99 kW total capacity. Nejran region was found to be most economical in terms of minimal payback period and cost of energy and maximum internal rate of return whereas PV power production was concerned. Water-pumping capacity of the solar PV energy system was calculated at five locations based on the PV power production and Goulds model 45J series of pumps. Monthly total and annual total water pumping capacities were determined. Considering the capital cost of combined solar PV energy system and the pump unit a cost analysis of water pumping for a well of 50 m total dynamic head (TDH) was carried out. The cost of water pumping was found to vary between 2 and 3 /m3.
Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada

What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates the model of Zhang (2011) – a standard monetary dynamic stochastic general-equilibrium model augmented with explicit financial and labour market frictions – with Canadian data for the period 1984Q2–2010Q4, and uses it to examine the importance of financial shocks on labour market fluctuations in Canada. She finds that the estimated value of the elasticity of external finance, the key parameter capturing financial frictions, is much higher than the value suggested in the literature. This gives rise to a larger amplification effect from the financial accelerator mechanism, which helps the model generate a more volatile labour market. The author finds that the model accounts well for the cyclical behaviour of unemployment and vacancies observed in the data. She also finds that financial shocks are one of the main sources of fluctuations in the Canadian labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for the Canadian economy.
6 Cytokeratin 18 ( CK 18 ) and CK 18 Fragments for Detection of Minimal Residual Disease in Colon Cancer Patients

Despite advances in therapeutic approaches for patients with colorectal cancer (CRC), approximately 20-45% of those who undergo apparently curative surgery subsequently develop local or distant tumor recurrence (Harrison & Benziger, 2011). The liver constitutes the preferred metastatic site in approximately 30% of cases. According to the TNM staging system, a stage-specific 5-year survival rate of approximately 93% has to be expected for stage I, 72-84% for stage II, 44-83% for stage III and 8% for stage IV colon cancer (O’Connell et al., 2004). An early identification of patients at risk of developing metastatic disease after surgery would be of great importance for improving the clinical outcome. Currently, there are no reliable methods to identify patients who are at increased risk of relapse and in need of adjuvant chemotherapy. Aggressive postoperative treatment with cytotoxic drugs without certain indication leads to overtreatment of patients and severe side effects. Appropriate biomarkers for the identification of CRC patients at high risk for recurrence and/or poor prognosis are required to facilitate individually tailored therapy (Gangadhar et al., 2010).
BIOMECHANICS OF THE LONGSWING PRECEDING THE TKACHEV

The aim of this study was to compare the longswing preceding the straddle, straight and full twisting Tkachev with the central aim of establishing whether a Tkachev specific longswing exists that can be used for the development of different versions of the skill. Twin video images of Tkachevs (straddle n=6; straight n=10; and full twisting n=2) were collected at the 2000 Sydney Olympics, digitised and analysed using DLT techniques. The functional phases (Irwin and Kerwin, 2005) were determined from hip and shoulder angular velocity profiles. Differences between the angular positions of the gymnasts during the functional phases highlighted that a generic Tkachev preparatory longswing did not appear to exist and that more specific preparatory drills are required to develop complex versions of this skill.
A bootstrap analysis to investigate the economic efficiency of the logistics industry in Italy*

ABSTRACT As argued by literature and consultancy reports, logistics enhances both productivity and competitiveness of several manufacturing supply chains. The analysis of the efficiency trends of logistics providers may shed light on some relevant aspects that can impact on the competitiveness of national industrial systems. Thus, the paper focuses on the Italian logistics supply, shedding lights on the distribution of the efficiency level within the logistics sector and its causes. The analysis is based on a two-stage methodology aimed at estimating the Italian logistics firms’ efficiency and defining some characteristics impacting the efficiency level. At first, we implement a Data Envelopment Analysis model based on balance sheet data, for the period 2006–2012, then an econometric regression is performed in order to identify the effects of main companies’ characteristics on firms’ efficiency. According to our results, size and geographical location are two of the most impacting variables explaining the efficiency score of the Italian logistics providers.
ASEAN and FTAA: External Threats and Internal Institutional Weaknesses

ASEAN countries perceive the possible formation of the FTAA as a potential threat on the grounds that it may divert export markets and foreign direct investment (FDI) capital to the FTAA region. This effect, together with the China factor and the hangover from the 1997 financial crisis, posts a concern to the ASEAN countries economic growth. We show that, with Singapore as an exception, ASEAN countries are afflicted with state activism, poor property rights protection, and under-developed corporate governance. We argue that a poor institutional environment may exacerbate the effects of an external shock such as that of FTAA and thus we need to explicitly incorporate the role of institutional environments in our analysis. We further argue that while FDI flows to locations with market opportunities, a locations institutional environment affects the composition of FDI. Due to ASEAN countries institutional weakness, its substantial inward FDI has mainly substituted, rather than complemented, local entrepreneurship. As FTAA may divert FDI flows into ASEAN countries, their appropriate response is to improve institutional quality so that the share of the more productive complementary FDI will increase in the total FDI inflows.
Electrochemical Studies on Uranyl(VI) Species in 1-Butyl-3-methylimidazolium Based Ionic Liquids and Their Application to Pyro-Reprocessing and Treatment of Wastes Contaminated with Uranium

Room temperature ionic liquids (ILs) have been paid attention as environmentally benign media, because they have attractive properties such as thermal stability, nonflammability, high ionic conductivity, and wide electrochemical potential windows (Earle & Seddon, 2000; Rogers et al., 2000; Wasserscheid & Welton, 2003). In the nuclear industry field, ILs are expected to be applied as media for reprocessing of spent nuclear fuels and treatment of radioactive wastes contaminated with radioactive nuclides (Bladley et al., 2002; Rogers et al., 2002; Giridhar et al., 2006; Cocalia et al., 2006; Giridhar et al., 2007; Binnemans, 2007). In this chapter, our feasibility studies on applications of ILs as the media of pyroreprocessing processes and the treatment method of radioactive wastes contaminated with uranium will be introduced.
Growth of continuous graphene by open roll-to-roll chemical vapor deposition

We demonstrate the growth of high-quality, continuous monolayer graphene on Cu foils using an open roll-to-roll (R2R) chemical vapor deposition (CVD) reactor with both static and moving foil growth conditions. N2 instead of Ar was used as carrier gas to reduce process cost, and the concentrations of H2 and CH4 reactants were kept below the lower explosive limit to ensure process safety for reactor ends open to ambient. The carrier mobility of graphene deposited at a Cu foil winding speed of 5 mm/min was 5270–6040 cm2 V−1 s−1 at room temperature (on 50 μm × 50 μm Hall devices). These results will enable the inline integration of graphene CVD for industrial R2R production.
Correlation analysis among soil moisture, soil physico-chemical properties, nutrient uptake and yield of winter sorghum

A field experiment was conducted in vertisols during 1994–95 and 1995–96. Grain yield increased by 18 per cent with medium tillage and 45 per cent with deep tillage over shallow tillage. Among the organic materials used, application of subabul loppings increased the grain yield by 9 per cent over vermicompost. Under below normal years of rainfall application of 25 kg N ha −1 proved beneficial, whereas, during normal and above normal years of rainfall application of 50 kg N ha −1 proved beneficial for higher yields when part of nitrogen was substituted through organic materials. Grain yield of winter sorghum was positively correlated with soil moisture at different stages of crop growth. Bulk density in 8–17 and 18–27 cm soil depths was significantly and negatively correlated, whereas, infiltration rate was positively and significantly correlated with grain yield. Available nitrogen and potassium (0–15 and 15–30 cm) at harvest during 1994–95 and 1995–96 was positively and significantly correlated with grain yield. Nitrogen, phosphorus and potassium uptake in different plant parts and total at harvest was significantly and positively correlated with winter sorghum grain yield.
Beyond the Threshold of Civil Struggle: Youth Militancy and the Militia-Ization of the Resource Conflicts in the Niger Delta Region of Nigeria

The resource agitations and conflicts in the oil rich Niger Delta region of Nigeria that were originally civil and communal have since been transformed into armed struggles conducted by disparate youth militia groups. Crime, violence and insecurity, state militarization, ethnic militia-ization and communal and ethnic wars now pervade the re- gion. The study analyzed the youth militancy and militias in the context of deep economic and resource crises and found that multinational oil company strategies and state repression conduced the emergence and consolidation of the militia phenomenon from the youth who are plagued by unemployment and poverty. The study also found that infiltration of political elites, loss of focus and poor control have combined to turn the militias into perpetrators of crime, violence and insecurity and agents of private interests and greed. The consequences of militancy and militia-ization have been very disruptive and devastative to the economy, gov- ernance, inter-group relations, communal cohesion and security of the Niger Delta region.
BIOACCUMULATION AND EXPOSURE PATHWAYS OF SOIL CONTAMINANTS TO conON RATS ON PETROCHEMICAL SITES By JACKIE SCHRODER

Fluoride (F) is ubiquitous in the environment occurring in uncontaminated soils (150 to 400 mg kg-) and vegetation (1 to 15 mg kg-\ Petroteum refining produces oily-sludge wastes that may contain hydrofluoric aCId, Landfarming is an economical means of disposing of oily sludges, but this process may result in contamination of soil and food chains in the ecosystem. Total F content of soils, vegetation, and cotton rats (Sigmodon hisp;dus) was measured in an ecosystem contaminated from the disposal of petrochemical wastes by landfarming. A potentially bioavailable form of F was also determined by HCI ex1raction of sods and vegetation. Cotton rats from the landfarm study site were examined for prevalence of dental ! es~ons indicative of fluorosis. A model was constructed to evaluate two exposure pathways: dietary ingestion of vegetation and non-dietary ingestion of soil. Mean bone F (1515 mg kg-) and mean total soil F (1954 mg kg-) from the I,andfarm site were more than ten-fold greater than F levels in bone (121 mg kg-) and mean total soil F (121 mg kg-) at a matched reference site. The HCI-,extractable form of F in soil was elevated (326 mg kg-) compared to the reference site (2.3 mg kg-), suggesting high levels of potentially bioavailable F existed. About 80% of the cotton rats collected from the landfarm had dental fluorosis. Total F in johnsongrass (Sorghum ha/apenes) on the landfarm (9.5 mg
The effects of pectin and rye on amino acid ileal digestibility, threonine metabolism, nitrogen retention, and morphology of the small intestine in young pigs

The effects of supplementing cereal-based diets with 0, 40, or 80 g of pectin (P) or 270 g of rye (R) per kg on ileal digestibility of protein and amino acids (AA), and digesta viscosity in pigs of 20 kg body weight (BW), and on growth performance, nitrogen balance, small intestinal morphology, and threonine metabolism parameters in pigs of 15 kg BW were assessed. Digesta viscosity was increased more by 80 g than by 40 g P or by R. Ileal digestibility of AA and nitrogen retention were negatively affected by P, whereas growth performance was decreased by R. The effect of the supplements on intestinal morphology was variable, except for the increase in myenteron thickness by P and crypt depth by R. The number of goblet cells containing acidic mucins was decreased by 40 g P in crypts in the mid-jejunum and by 40 g P and R in villi in the ileum. Fasting and postprandial plasma levels of free threonine and of threonine dehydrogenase activity in the liver and pancreas were not affected. In conclusion, feeding P or R negatively affects ileal AA digestibility and provokes irregular changes of small intestinal morphology. These effects cannot be attributed to the increase of digesta viscosity as the main factor.
Impact of maize import tariff policy changes on production and consumption in Indonesia: a multimarket model analysis.

The purposes of this study is at analyzing the impact of maize import tariff policy changes on production and consumption in Indonesia. Three groups of households were assessed in this studi, namely: (1) large scale broiler farming, (2) small scale broiler farming, and (3) other households. Employed data in this study were classified into 3 types: (1) production and input, consumption, and household income, (2) inputs and outputs, and (3) elasticities. The abolishment of the import tariff policy on maize had an impact on increased maize imported and decreased maize price. Decreased domestic maize price was responded by maize farmer through lessing maize planted area and fertilizer input uses that had impact on the declining in maize production. On the other hand, this policy had positive impact on production of rice, chicken meat, and eggs which led to increase incomes of small scale broiler farming and agricultural sector, as well as national. It furthermore increased the consumption for maize, chicken meat, and eggs in Indonesia.
Seasonal observations of OH and HO 2 in the remote tropical marine boundary layer

Abstract. Field measurements of the hydroxyl radical, OH, are crucial for our understanding of tropospheric chemistry. However, observations of this key atmospheric species in the tropical marine boundary layer, where the warm, humid conditions and high solar irradiance lend themselves favourably to production, are sparse. The Seasonal Oxidant Study at the Cape Verde Atmospheric Observatory in 2009 allowed, for the first time, seasonal measurements of both OH and HO2 in a clean (i.e. low NOx), tropical marine environment. It was found that concentrations of OH and HO2 were typically higher in the summer months (June, September), with maximum daytime concentrations of ~9 × 106 and 4 × 108 molecule cm−3, respectively – almost double the values in winter (late February, early March). HO2 was observed to persist at ~107 molecule cm−3 through the night, but there was no strong evidence of nighttime OH, consistent with previous measurements at the site in 2007. HO2 was shown to have excellent correlations (R2 ~ 0.90) with both the photolysis rate of ozone, J(O1D), and the primary production rate of OH, P(OH), from the reaction of O(1D) with water vapour. The analogous relations of OH were not so strong (R2 ~ 0.6), but the coefficients of the linear correlation with J(O1D) in this study were close to those yielded from previous works in this region, suggesting that the chemical regimes have similar impacts on the concentration of OH. Analysis of the variance of OH and HO2 across the Seasonal Oxidant Study suggested that ~70% of the total variance could be explained by diurnal behaviour, with ~30% of the total variance being due to changes in air mass.