bluuebunny/crossref_metadata_2025_split huggingface dataset:
Identification of Greek Takeover Targets and Coherent Policy Implications
Authors: Tsagkanos Athanasios , Georgopoulos Antonios , Siriopoulos Costas , Koumanakos Evangelos 
Published: September 2010

AbstractThe main purpose of this paper is the identification of the characteristics of takeover targets in a small open economy like Greece, using the market for corporate control (MCC) hypothesis as theoretical background. Contrary to this hypothesis, the results indicate that the motives for merging or acquisition activities are basically of strategic character. Using a sample of 35 acquired and 105 non‐acquired firms, the sampling process was initially performed by a modified methodology of state‐based sampling, even if its nature cannot be recognized by the classical maximum likelihood estimator (MLE) of logit model. Subsequently, taking into account the small size of the sample, we develop and use, in the logit context, the bootstrap MLE as an advanced alternative method for reducing inherit bias and inefficiency. The findings remain uniform supporting the strategic motives explanation in actual takeover activities, a fact that clearly illustrates the framework of merger policies followed by the Greek Competition Committee during the period under study.
Human Capital and the Convergence Process Among Countries
Authors: Soukiazis Elias , Cravo Túlio 
Published: September 2010

AbstractThis paper examines the convergence process across countries for the period 1980–2000, giving special attention to the role of human capital as a conditioning factor. The originality of the study is in the use of new proxies for human capital, such as publications and patents ratio and the patents/articles ratio which reflect the efficiency of the scientific work, in contrast to the quantitative measures usually used in the growth literature. The analysis suggests that: (i) convergence is conditional on structural factors, population growth, human and physical capital; (ii) the new proxies of human capital control fairly well the different steady‐states among countries; (iii) the different levels of human capital affect countries differently, according to their levels of development. Higher levels of human capital are suitable to differentiate the convergence process among developed countries, and basic or intermediate levels are more suitable to differentiate convergence among the less developed countries.
Ethnic Networks and US Exports*
Authors: Bandyopadhyay Subhayu , Coughlin Cletus C. , Wall Howard J. 
Published: September 2010

AbstractThis paper provides new estimates of the effects of ethnic networks on US exports. In line with recent research, our dataset is a panel of exports from US states to 29 foreign countries. Our analysis departs from the literature in two ways, both of which show that previous estimates of the ethnic‐network elasticity of trade are sensitive to the restrictions imposed on the estimated models. Our first departure is to control for unobserved heterogeneity with properly specified fixed effects, which we can do because our dataset contains a time dimension absent from previous studies. Our second departure is to remove the restriction that the network effect is the same for all ethnicities. We find that ethnic‐network effects are much larger than has been estimated previously, although they are important only for a subset of countries.
Some Evidence on the Adjustment of Producer Prices*
Authors: Cornille David , Dossche Maarten 
Published: September 2010

AbstractWe document producer price adjustment using a low‐inflation micro price dataset. On average 24% of prices adjust each month, with an average increase/decrease of 6%. Producer prices adjust more frequently than consumer prices, but their size of adjustment is typically smaller. Sectoral heterogeneity in the frequency of price adjustment is strongly related to heterogeneity in the cost structure. Fluctuations in aggregate producer price inflation occur to a large extent through variation in the relative share of upward and downward price adjustment.
DOMINATION ET SOCIÉTÉ RURALE: INDUSTRIALISATION ET CORPORATISME. LE CAS DE LA BEIRA MARITIME
Authors: LOURENÇO NELSON 
Published: September 2010

RÉSUMÉLe présent article analyse les conséquences, pour la société rurale, de l'application des modèles de développement économique adoptés au Portugal dans les dernières décennies, compte tenu de la complexité de la situation découlant, dans la période antérieure à la Révolution de 1974, de l'imposition par l'Etat de 1'organisation corporative.L'analyse du conflit entre le mouvement coopératif des producteurs de lait de la Région de Beira Maritime, d'une part, et l'organisation corporarive et les industriels du lait, d'autre part, dans le cadre des modèles de développement alors adoptés, rend possible la définition des relations de domination agissant dans la société rurale. Ccpendant, l'analyse se poursuit dans la période immédiatement postérieure à la chute du régime corporatif dictatorial.ABSTRACTThe article analyses the impact of economic development models applied to Portuguese rural society during recent decades. It takes particular account of the complicated situation which arose in the period before the 1974 revolution from the imposition by the State of a corporate organisation.The analysis of conflict between the milk producers' cooperative in the Beira coastal region on one hand and the milk industry and corporate organisation on the other, makes it possible to define the relations of domination at work in rural society. This analysis is pursued for the period immediately following the downfall of the dictatorial corporate regime.KURZFASSUNGIn dem Artikel werden die Auswirkungen ökonomischer Entwicklungsmodelle, die in den vergangenen Jahrzehnten auf die pottugiesische ländliche Gescllschaft angewandt wurden, analysiert. Insbesonderc wird die schwierige Situation betrachtct, die in dcr Periode vor der 1974er Revolution durch die Einführung einer korporativen gescllschaftlichen Organisation durch den Staat geschaffen wurdeDie Analyse dcs Konflikts zwischen der Milchcrzeugergenosscnschaft in der Küstenregion Beira auf der einen Seite und der Milchindustrie und der entsprechenden Körperschaft auf der anderen Seite macht es möglich, die Hcrrschaftsbezichungen innerhalb des Arbeitsprozesses in der ländlichcn Gesellschaft zu bestimmen. Diese Analyse wird fortgeführt für die Periode, die unmirtelbar dem Zusammenbruch dcs diktatorisch‐korporativen Regimes folgt.
7. Four Useful Finite Mixture Models for Regression Analyses of Panel Data with a Categorical Dependent Variable
Authors: Yamaguchi Kazuo 
Published: September 2010

This paper describes and contrasts two useful ways to employ a latent class variable as a mixture variable in regression analyses of panel data with a categorical dependent variable. One way is to model unobserved heterogeneity in the trajectory, or change in the distribution, of the dependent variable. Two models that accomplish this are the latent trajectory model and latent growth curve model for a categorical dependent variable having ordered categories. Each latent class here represents a distinct trajectory of the dependent variable. The latent trajectory model introduces covariate effects on the composition of latent classes, while the latent growth curve model introduces covariate effects on both the “intercept” and the “slope” of growth in logit, which may vary among latent classes. The other useful way is to model unobserved heterogeneity in the state dependence of the dependent variable. Two models that accomplish this are introduced for a simultaneous analysis of response probability and response stability, and the latent class variable is employed to distinguish two latent populations that differ in the stability of responses over time. One of them is the switching multinomial logit model with a time-lagged dependent variable as its separation indicator, and the other is the mover-stayer regression model. By applying these four models to empirical data, this paper demonstrates the usefulness of these models for panel-data analyses. Example programs for specifying these models based on the LEM program are also provided.
A Simple ‘Pig’ Game
Authors: Johnson Roger W. 
Published: September 2010

SummaryOur pig game involves a series of tosses of a die with the possibility of a player's score improving with each additional toss. With each additional toss, however, there is also the chance of losing the entire score accumulated so far. Two different strategies for deciding how many tosses a player should attempt are developed and then compared in terms of expected score.
CONCILIAR, NOT CONCILIATORY: HANS URS VON BALTHASAR'S ECCLESIOLOGICAL SYNTHESIS OF VATICAN II
Authors: LÖSEL STEFFEN 
Published: September 2010

AbstractIn this essay, I analyze von Balthasar's ecclesiology against the backdrop of Vatican II and identify its ecumenical challenges. I demonstrate how von Balthasar's ecclesiology reflects the last council particularly in terms of its integration of ecclesiology and mariology, its gendered conceptualization of the church and its hierarchy, and its reaffirmation of papal primacy. From a Protestant perspective, I have, however, a number of critical questions. First, I question von Balthasar's sacred sociology, which ultimately privileges the magisterium as the decisive source of divine revelation. Second, I point out the peculiarities of von Balthasar's typological interpretation of scripture and its consequences for his ecclesiological vision. Finally, I take issue with his outdated binary gender anthropology.
BUTCHERING PATTERNS AND SPATIAL DISTRIBUTION OF FAUNAL ANIMAL REMAINS CONSUMED AT THE LOS MILLARES CHALCOLITHIC SETTLEMENT (SANTA FE DE MONDÚJAR, ALMERÍA, SPAIN)
Authors: NAVAS ELENA , ESQUIVEL JOSÉ A. , MOLINA FERNANDO 
Published: September 2010

SummaryThe archaeological settlement of Los Millares (Santa Fe de Mondújar, Almería) is located in the Mediterranean coastal area of southern Spain. This archaeological site constitutes one of the most important settlements belonging to the Copper Age in the Iberian Peninsula and has given its name to the ‘millariense’ culture. The settlement has been completely excavated, yielding major archaeological faunal remains, with 27,426 bone fragments classified by researchers from Munich University (Germany).In this paper, we apply different statistical methods (mainly χ2 analysis) to study the spatial distribution of bones from domestic and wild animals, reconstructing the patterns of appearance within specific functional spaces. These functions can be associated with meat consumption (sites to cut the animals into small pieces, areas where the meat was eaten, garbage sites, etc.) and the production of handmade objects (bone tools, stone tools, etc.).The results show different spatial distributions of faunal remains within the areas of the settlement, according to the animal species and particular parts of the animal skeleton, as well as the age and the sex of individuals. The findings reflect social behaviour that relates the consumption of certain species to a specific sector of population, and such behaviour can be discerned in the animal remains. Moreover, there is evidence regarding economic matters, such as meat production and the exchange of animals, which require further research.
SOCIAL ORGANIZATION AND HUMAN SPACE IN NORTH‐EASTERN IBERIA DURING THE THIRD CENTURY BC
Authors: RUESTES CARME 
Published: September 2010

SummaryBy using GIS (Geographical Information System) visibility analysis, the visual surveillance of, and ways in which people engaged and experienced, an Iberian landscape north of Barcelona during the third century BC are explored.The study of visual surveillance from the hillforts that dominated the area is understood as a means to address issues of social structure and hierarchy. How Iberian people might have viewed and rationalized their world, which is an issue that has so far not been addressed within the theoretical approaches that currently characterize this area of Mediterranean archaeology, is explored here for the first time. Emphasis is placed on people's sense of place and on hillforts' prominence.Visibility analysis indicates a highly structured society, where each hillfort might have primarily controlled given zones of the landscape and might have informed others about events taking place there through an integrated visibility network. Whilst hillforts appear to have been sited according to the view that they offered, they do not seem to have been intended to maximize their own visual impact. Social and experiential approaches compellingly coincide to suggest a subdivision of this society between mountain and coastal communities in both practical and perceptual terms.
POLITIES AND PRINCES AD 400–800: NEW PERSPECTIVES ON THE FUNERARY LANDSCAPE OF THE SOUTH SAXON KINGDOM
Authors: SEMPLE SARAH 
Published: September 2010

SummaryBurials, borders and boundaries are themes much pursued in early medieval research. Barrow burials, in particular, have been suggested as markers or ‘sentinel graves’; funerary monuments used to define territorial boundaries and entrance points to kingdoms. This paper assesses the burial evidence of the fifth to eighth centuries from West Sussex, England, taking a topographic perspective and examining the uses made of ancient remains and natural topography. Certain distinctive topographic traits in cemetery and burial placement are argued to exist and, when considered alongside the written accounts of the kingdom, are suggested here as evidence for putative early micro‐kingdom structures, centred around the major river valleys, surviving into and perhaps even beyond the seventh century AD.
Adverse Selection, Investor Experience and Security Choice in Venture Capital Finance: Evidence from Germany
Authors: Hartmann‐Wendels Thomas , Keienburg Georg , Sievers Soenke 
Published: September 2010

Abstract This article analyses 336 German venture capital transactions from 1990 to 2005 and seeks to determine why selected financial securities differ across deals. We find that a broad array of financial instruments is used, covering straight equity, mezzanine and debt‐like securities. Based on the chosen financial securities’ upside potential and downside protection characteristics, we provide an explanation for the differing use of these securities. Our results show that investors’ deal experience, adverse selection risks and economic prospects in the public equity market influence the selection of financial securities.
Segregation, Social Polarization and Immigration in Athens during the 1990s: Theoretical Expectations and Contextual Difference
Authors: MALOUTAS THOMAS 
Published: September 2010

AbstractThis article investigates trends in segregation, polarization and inequality in Athens during the 1990s, and focuses on what may seem a paradoxical coexistence of decreasing segregation with increasing social polarization and inequality. To explain this coexistence, the article examines the distinction between social polarization in specific contexts and the dominant assumptions about social polarization, which derive from the global city thesis, and the structure of the city's housing market, which prevented the substantial wave of immigration during the 1990s from intensifying segregation. Arguing for more context awareness, the article does not try to stress the specificity of the Athenian case, but, mainly, to reveal the context‐dependent character of the dominant assumptions about segregation and social polarization and, therefore, to show their limitations.
An Empirical Comparison of Price‐Limit Models*
Authors: LEVY TAMIR , YAGIL JOSEPH 
Published: September 2010

ABSTRACTUsing futures traded on the Chicago Board of Trade, Chicago Mercantile Exchange and New York Board of Trade, we test six alternative models of the return‐generating process (RGP) in futures exchanges that adopt a price‐limit regime. We rank the six models according to their return‐prediction ability, based on the mean square error criterion, and we find that the near‐limit model performed best for both the estimation period and the prediction period. A reliable prediction of the expected return can have important implications for both traders and policy makers, concerning related issues such as the employment of long or short strategy, margin requirements and the effectiveness of the price limit mechanism.
Are Feedback Factors Important in Modeling Financial Data?
Authors: VEIGA HELENA 
Published: September 2010

ABSTRACTThis paper provides empirical evidence that continuous time models with one factor of volatility are, under some circumstances, able to fit the main characteristics of financial data and reports insights about the importance of introducing feedback factors to capture the strong persistence caused by the presence of changes in the variance. We use the Efficient Method of Moments (EMM) by Gallant and Tauchen (1996) to estimate logarithmic models with one and two stochastic volatility factors (with and without feedback) and to select among them.
Stock Index Futures Prices and the Asian Financial Crisis*
Authors: HASSAN TAUFIQ , MOHAMAD SHAMSHER , ARIFF MOHAMAD , NASSIR ANNUAR MD 
Published: September 2010

ABSTRACTThis study reports new findings on the behavior of index futures (FKLI: code name of Kuala Lumpur Index Futures contract) prices and also records the effect of a major financial crisis on the prices. Since the inception of trading in 1995, the FKLI has been selling at a discount, which gradually increased till early 1997; further, at the onset of the financial crisis in July 1997, FKLI prices were at a high premium relative to its theoretical values. This significant mispricing of the contract declined after the initial overreaction to the crisis. Herding behavior during crisis, liquidity constraint and imposition of trading restrictions are some plausible explanations for the mispricing. This study also investigates whether trades by foreign investors had any impact when compared with prices by domestic investors. We find that foreign investors had a negative influence on permanent price changes while the domestic investors had a positive effect.
Competition and Market Structure of National Association of Securities Dealers Automated Quotations
Authors: KIM YOUNGSOO , MEHROTRA VIKAS 
Published: September 2010

ABSTRACTIn this paper, we study the relation among market structure, trading costs, and competition in National Association of Securities Dealers Automated Quotations (NASDAQ). In particular, we address the following questions: Do NASDAQ dealers exercise market power and extract economic rents in setting bid‐ask spread? How persistent is the market power of dominant dealers? Our estimate of the rent is approximately ¢8.76, or 0.54% of stock price. The half‐life of the persistence of this rent is approximately 20 months for the entire sample, while the half‐life of younger stocks tend to be shorter than those of more mature stocks. Our result supports Schultz: NASDAQ dealers make markets only for stocks where they have competitive advantages in accessing order flow and in information. It might take a while before a market maker poses effective competition to existing dominant market makers. In the meantime, incumbent market makers are able to exercise market power and appear to earn abnormally large profits.
Sachverständige und der Einfluss von Expertise auf Reformen: Eine räumliche Analyse der Föderalismusreform II
Authors: König Thomas , Luig Bernd , Solomon Stephan Marc 
Published: September 2010

AbstractThis article sheds light on the relationship between politicians and scientific advisors in the second stage of reform of Germany’s fiscal federalism. Based on the principal agent theory and a specific model presented by Bueno de Mesquita we derive two hypotheses. Concretely, we expect that policy change depends on both the homogeneity of the experts’ signals (H1) and the strength of the experts’ signals independently of their preferred policies (H2). For an empirical investigation, we exploit a dataset that includes information about the status quo, the experts’ positions and the degree of policy change relating to 416 conflict issues. According to two separate questionnaires in the policy advisory process we differentiate between the fiscal reform in narrower sense and the administrative reform. Our findings show that H1 and H2 have explanatory power for the partly far-reaching fiscal reform, whereas only H1 explains the “fig leaf” of administrative reform.
MLH1 Differential Allelic Expression in Mutation Carriers and Controls
Authors: Santibanez Koref Mauro , Wilson Valerie , Cartwright Nicola , Cunnington Michael S. , Mathers John C. , Bishop D. Timothy , Curtis Ann , Dunlop Malcolm G. , Burn John 
Published: September 2010

SummaryGermline defects in the MLH1 gene are associated with Lynch syndrome. A substantial proportion of these mutations leads to premature termination codons and can induce nonsense mediated decay (NMD) of the corresponding transcript. Resulting allelic expression differences represent a fast and inexpensive method to identify patients carrying MLH1 mutations. In patients and controls, we show that allelic expression imbalance (AEI) can be readily detected in RNA extracted from whole blood from patients carrying mutations expected to elicit NMD using mass spectrometry. Mutations closer to the 5′ end of the gene tend to show smaller imbalances. AEI can also be detected in normal controls. Analysis of allelic expression in controls and individuals with mutations not expected to exhibit NMD revealed that MLH1 expression is influenced by sequence variation acting in cis. A maximum likelihood framework was used to identify two SNPs, rs1799977 (c.655G>A; p.I219V) and rs1800734 (c.‐93 G>A) that are independently associated with expression. These influences are, however, small compared to the differences associated with pathological variants.
Personality subtypes in adolescents with eating disorders: validation of a classification approach
Authors: Thompson‐Brenner Heather , Eddy Kamryn T. , Satir Dana A. , Boisseau Christina L. , Westen Drew 
Published: September 2010

Background:  Research has identified three personality subtypes in adults with eating disorders (EDs): a high‐functioning, an undercontrolled, and an overcontrolled group. The current study investigated whether similar personality prototypes exist in adolescents with EDs, and whether these personality prototypes show relationships to external correlates indicative of diagnostic validity.Methods:  Experienced clinicians from an adolescent practice‐research network provided data on ED symptoms, DSM‐IV comorbidity, personality pathology, and family and developmental history for 120 adolescent patients with EDs.Results:  Consistent with the findings from the adult literature, three types of personality pathology emerged in adolescents: High‐functioning/Perfectionistic, Emotionally Dysregulated, and Avoidant/Depressed. The High‐functioning prototype showed negative associations with comorbidity and positive associations with treatment response. The Emotionally Dysregulated prototype was specifically associated with externalizing Axis I and Cluster B Axis II disorders, poor school functioning, and adverse events in childhood. The Avoidant/Depressed prototype showed specific associations with internalizing Axis I and Clusters A Axis II disorders, poor peer relationships, poor maternal relationships, and internalizing disorders in first‐degree relatives.Conclusions:  These data support the presence of at least three diagnostically meaningful personality prototypes in adolescents with EDs, similar to those found previously in adults. Diagnosis of adolescents with EDs may be usefully supplemented by the assessment of personality style.