Relationship between top executive compensation and corporate governance: evidence from large Italian listed companies

The modernization of corporate governance aims the alignment of the interests of managers with those of companies, promoting a new discipline of internal controls and risk analysis with an enforcement of shareholder rights of information. This research investigates the impact of corporate governance variables –ownership, board of directors and remuneration committee– on executive compensation. A balanced sample of 52 Italian listed companies has been adopted to test the hypotheses, covering 55.98% and 47.13% of market capitalization in 2011 and 2015 respectively and including 669 board members. Theoretical models evidence a certain stability of compensation schemes for Italian managers over time. Findings suggest that there is a statistically significant positive effect of familiar ownership on the amount of compensation. Along with nature of ownership, the number of directors in the remuneration committee appointed by minorities assume a determinant role. With statistical significance, it affects negatively the compensation level, but, contrarily to best practices, it affects negatively the adoption of forms of incentive compensation.info:eu-repo/semantics/acceptedVersio

Comment on: Abou-Ali, H., El-Azony, H., El-Laithy, H., Haughton, J. and Khandker, S., 2010. Evaluating the impact of Egyptian Social Fund for Development Programmes. Journal of Development Effectiveness, 2 (4), 521–555

PRIFPRI3; ISIDG

Distance Oracles for Time-Dependent Networks

We present the first approximate distance oracle for sparse directed networks with time-dependent arc-travel-times determined by continuous, piecewise linear, positive functions possessing the FIFO property. Our approach precomputes $(1+\epsilon)-$approximate distance summaries from selected landmark vertices to all other vertices in the network. Our oracle uses subquadratic space and time preprocessing, and provides two sublinear-time query algorithms that deliver constant and $(1+\sigma)-$approximate shortest-travel-times, respectively, for arbitrary origin-destination pairs in the network, for any constant $\sigma > \epsilon$. Our oracle is based only on the sparsity of the network, along with two quite natural assumptions about travel-time functions which allow the smooth transition towards asymmetric and time-dependent distance metrics.Comment: A preliminary version appeared as Technical Report ECOMPASS-TR-025 of EU funded research project eCOMPASS (http://www.ecompass-project.eu/). An extended abstract also appeared in the 41st International Colloquium on Automata, Languages, and Programming (ICALP 2014, track-A

On invariants of almost symplectic connections

We study the irreducible decomposition under Sp(2n, R) of the space of torsion tensors of almost symplectic connections. Then a description of all symplectic quadratic invariants of torsion-like tensors is given. When applied to a manifold M with an almost symplectic structure, these instruments give preliminary insight for finding a preferred linear almost symplectic connection on M . We rediscover Ph. Tondeur's Theorem on almost symplectic connections. Properties of torsion of the vectorial kind are deduced

Effects of trinexapae-ethyl on stoloon development in potted Patriot bermudagrass

A recent technique developed for establishment of warm season turfgrasses is based on the transplant of single plug plantlets pre-rooted in the nursery. Plantlets are obtained from one-node sprigs about 2 cm long derived from stolon fragmentation. Usually, stolons must be cut several times to obtain sprigs of the right length because of overly long internodes. In the present study, potted plants of Patriot bermudagrass grown in the nursery were treated with trinexa-pac-ethyl (TE) at the rates 0.1, 0.2, 0.4 and 0.8 kg a.i. ha-1. TE application was aimed at obtaining internode shortening in order to facilitate the stolon division practice. In fact, TE-treated plants showed a decrease in the average length of internodes with respect to control at any applied rate. Nevertheless, the lowest rate applied (0.1 kg a.i. ha-1) did not assure a prolonged effect while the highest rate (0.8 kg a.i. ha-1) caused a decrease in the yield of sprigs. Therefore, our results suggest that TE may be advantageously used and at rates of 0.2-0.4 kg a.i. ha-1 to control stolon development of Patriot bermudagrass for nursery purposes

Demonstration of quantum volume 64 on a superconducting quantum computing system

We improve the quality of quantum circuits on superconducting quantum computing systems, as measured by the quantum volume, with a combination of dynamical decoupling, compiler optimizations, shorter two-qubit gates, and excited state promoted readout. This result shows that the path to larger quantum volume systems requires the simultaneous increase of coherence, control gate fidelities, measurement fidelities, and smarter software which takes into account hardware details, thereby demonstrating the need to continue to co-design the software and hardware stack for the foreseeable future.Comment: Fixed typo in author list. Added references [38], [49] and [52