743,563 research outputs found

    Business Training, Volume 1, Number 5, August 1914

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    Newsletter of the Rhode Island Commercial School (RICS) owned by Henry Jacobs. In 1916 RICS merged with Bryant & Stratton when Jacobs bought Bryant. Photos of teachers Gertrude Johnson and Mary Wales appear on page 5. Johnson and Wales left RICS to form Johnson & Wales (now Johnson & Wales University) in 1914

    Shareholder wealth effects of European takeovers : 1997-2004 : a thesis presented in partial fulfilment of the requirements for the degree of Masters of Business Studies in Finance at Massey University

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    This study provides an empirical analysis of the returns to acquirers and targets in European mergers and acquisitions. An event study has been carried out to test the announcement effect of a merger on the bidding and target company stock prices over the period. January 1, 1997 to December 31, 2004. for twenty-three markets in Europe. This is the first comprehensive study, the author is aware of, to complete such that includes transactions throughout all of Europe, including Eastern Europe and countries from the former Soviet Union. This thesis tests the hypothesis that the incentive mechanisms created by investor protection rights, along with the strength of legal enforcement across countries, affects the value created and destroyed by managers in domestic and cross-border acquisitions within Europe. Thus, the relative difference in corporate governance rules between nations is a source of value for merged firms in and of itself. Prior studies have found significant variation in the gains to acquiring and bidding firms as a function of the nationality of the bidder, but the ultimate source of this international variation in returns has not been satisfactorily addressed. It is argued that a firm's legal and corporate governance environment provides a partial explanation for the observed variation in returns for domestic and cross-border acquisitions and it is tested across all European countries, something that has not been done before. The results suggest that countries with stronger investor protection rules generate larger returns to target shareholders. The better accounting standards increase disclosure, helping acquirers identify potential targets. This reduces the cost of capital and thus increases the competition among bidders and the premium paid by the winning bid. Similarly, target shareholders in strong investor protection and disclosure regimes also experience a price drift in 30 days leading up to a takeover announcement. The sophistication of legal rules requires substantial legal and financial consultation resulting in leakages in the market. The analysis also looks at the difference between domestic and cross-border transactions, and confirms that targets in cross-border deals generate higher returns, implying that targets benefit from expanding into foreign marketplaces. However, acquirers receive lower benefits in cross-border deals than in national transactions, signalling that acquiring firms are to some extent penalized for engaging in a cross-border merger

    Advancing Stability in an Era of Change

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    Argues for an integrated grantmaking strategy for world security, stewardship, and the peaceful management of change. Focuses on the individual, the nation-state, civil society organizations, private sector corporations, and multilateral institutions

    Wales transport strategy : a consultation

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    Sustainable Development Commission response to the 'One Wales : connecting the nation : the Wales transport strategy'. Issues raised include road pricing, biofuels, intra Wales air link, increased capacity on the M4, and living within environmental limits.Publisher PD

    Symposium on Llangrose Lake: the ecology and conservation of a large nutrient-rich lake in South Wales

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    This paper summarises a meeting which discussed the ecology and conservation of Llangorse Lake in South Wales. The meeting was organised by the British Ecological Society (Aquatic Ecology Group), in association with the Countryside Council for Wales (CCW), Brecon Beacon National Park Authority (BBNPA) and Environment Agency Wales. It took place on 22 October 1998

    School Effectiveness Framework pilots: an evaluation (research document)

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    "This report looks at the pilot to introduce the School Effectiveness Framework in schools in Wales. The School Effectiveness Framework (SEF) is an ambitious Welsh Assembly Government (WAG) programme that aims to raise attainment, to close the gap in attainment and improve children and young people’s well-being (WAG, 2008a). It has been developed through three phases and this external evaluation focuses upon the second phase, in which school pilot programmes were established in each of the four regional consortia (Central South Wales, North Wales, South East Wales and swamwac)..." - introduction

    South Wales

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    Carboniferous rocks in this region occur in a broadly east-west trending syncline, the core of which includes the South Wales and Pembrokeshire coalfields (Fig. 5.1). Tournaisian and Visean strata (Avon and Pembroke Limestone groups) represent deposition on a southward prograding carbonate ramp evolving into a carbonate shelf (Wright 1987), in a succession which shows similarities to that of the Bristol and Mendips areas (Chapter 6). The main outcrops, in south Pembrokeshire, Gower and the Vale of Glamorgan, occur along the southern periphery of the coalfields and are commonly affected by Variscan thrusting and folding. Thinner successions occur along what is termed the East Crop and North Crop of the South Wales Coalfield, where much of the Visean succession is absent due to sub-Namurian and intra-Visean unconformities. Namurian fluvio-deltaic deposits (Marros Group) flank the South Wales and Pembrokeshire coalfields. Much of the lower and middle Namurian succession is absent across the region, except in the west of the South Wales Coalfield where only small parts are absent beneath an intra-Namurian unconformity. Westphalian fluvio-lacustrine deposits (South Wales Coal Measures Group) form the South Wales and Pembrokeshire coalfields, located to the east and west of Carmarthen Bay, respectively. Westphalian to Stephanian Pennant alluvial facies (Warwickshire Group) occur in the core of the South Wales Coalfield syncline. Deposition of the South Wales Coal Measures and Warwickshire groups was probably laterally contiguous with those in the Bristol and Somerset coalfields (Chapter 6), but the Usk-Cowbridge High controlled and restricted sedimentation for much of the Carboniferous, with pre-Namurian uplift and erosion removing the Tournaisian and Visean succession. Later uplift is also believed to have caused attenuation of the Warwickshire Group in the east of the South Wales Coalfield. The lithostratigraphical nomenclature for the region is that of Waters et al. (2007; 2009)

    [Review of] Elwyn T. Ashton. The Welsh in the United States

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    Ashton\u27s mid-sized volume about the Welsh in America joins the first, and very short account by David Williams, Wales and America (published in Wales in 1946 as part of a bilingual pamphlet series), and Edward George Hartmann\u27s Americans from Wales (nearly three hundred pages, published in 1967 and reprinted in America in 1978)

    Organic Vegetable Storage in Wales – Opportunities and Constraints

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    There is a growing interest in buying local produce, but there is insufficient produce available in Wales to meet this demand. One problem is lack of storage. Much organic vegetable produce in Wales is lost by poor storage. ADAS has undertaken this study on behalf of Organic Centre Wales under the Farming Connect Scheme, to assess opportunities for improving storage and increasing the available quantity of Welsh vegetables. The number of organic vegetable producers in Wales in 2006 was estimated to be 118 (Horticultural Network, 2006). The main crops stored in Wales are potatoes, carrots, squash, onions, cabbage and celeriac. Many factors may contribute directly or indirectly to suitability for storage, these include length of life in store and quality of the crops in store. Costs of storage are perceived to be high but investment in storage facilities can increase turnover and maximise marketable potential. The majority of growers in Wales use field storage due to its simplicity, but there are disadvantages to field storage. Alternatives to field storage include indoor and outdoor clamps and cold storage. Each method has advantages and disadvantages. Recommendations • A joint effort by the whole organic fruit and vegetable industry is required to increase the amount of organic produce produced within Wales. • Processing and Marketing grants for improvement of storage for SME and or cooperatives are required to increase the amount of local produce produced and sold in Wales. • Research is needed into the economic feasibility and issues involved with setting up and running storage facilities using alternative energy • The practicalities and costs of using biodegradables needs to be investigated • Best storage practices should be establishe
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