Clawback Provisions in Real Estate Investment Trusts

Using a sample of 195 unique real estate investment trusts (REITs), we examine factors related to the adoption of clawback provisions within managerial compensation contracts. In general, we find strong and consistent empirical evidence that clawback provision are directly related to firm size, complexity, leverage, growth options, monitoring incentives, and CEO performance incentives. We also find that clawbacks are associated with enhanced market and accounting performance, with stronger performance relations observed for adoption decisions tied directly to regulatory mandates. In sum, we conclude compensation clawback provisions represent a value-relevant, strategic governance mechanism for REITs

State Abortion Rates: The Impact of Policies, Providers, Politics, Demographics, and Economic Environment

This paper uses data on abortion rates from 1974-88, to estimate two-stage least squares models with fixed state and year effects. The results indicate that implementing restrictions on Medicaid funding for abortion results in lower aggregate abortion rates in-state and higher abortion rates among nearby states, suggesting one of the main effects of these policies is to induce cross-state migration for abortion services. The effect of these restrictions on actual abortions among state residents is much smaller; a maximal estimate suggests that 22 percent of the abortions among low-income women that are publicly funded do not take place after funding is eliminated. We also have substantial evidence that a larger number of abortion providers in a state increases the abortion rate within the state, primarily through inducing cross-state migration, with nonhospital providers being particularly important. Political affiliation variables have mixed effects and are difficult to interpret. Controlling for state fixed effects, the effect of changes in demographic and economic variables over time is typically small, although a rise in unemployment has consistently positive effects on abortion rates.

Status of sonic boom methodology and understanding

In January 1988, approximately 60 representatives of industry, academia, government, and the military gathered at NASA-Langley for a 2 day workshop on the state-of-the-art of sonic boom physics, methodology, and understanding. The purpose of the workshop was to assess the sonic boom area, to determine areas where additional sonic boom research is needed, and to establish some strategies and priorities in this sonic boom research. Attendees included many internationally recognized sonic boom experts who had been very active in the Supersonic Transport (SST) and Supersonic Cruise Aircraft Research Programs of the 60's and 70's. Summaries of the assessed state-of-the-art and the research needs in theory, minimization, atmospheric effects during propagation, and human response are given

Prevalence of and variables associated with silent myocardial ischemia on exercise thallium-201 stress testing

AbstractThe prevalence of silent myocardial ischemia was prospectively assessed in a group of 103 consecutive patients (mean age 59 ± 10 years, 79% male) undergoing symptom-limited exercise thallium-201 scintigraphy. Variables that best correlated with the occurance of patients ischemia by quantitative scintigraphic criteria were examined. Fifty-nine patients (57%) had no angina on exercise testing. A significantly greater persent of patients with silent ischemia than of patients with angina had a recent myocardial infarction (31% versus 7%, P < 0.01), had no prior angina (91% versus 64%, p < 0.01), had dyspnea as an exercise test end point (56% versus 35%, p < 0.05) and exhibited redistribution defects in the supply regions of the right and circumflex coronary arteries (50% versus 35%, p < 0.05). The group with exercise angina had more ST depression (64% versus 41%, p < 0.05) and more patients with four or more redistribution defects.However, there was no difference between the two groups with respect to mean total thallium-201 perfusion score, number of redistribution defects per patient, multivessel thallium redistribution pattern or extent of angiographic coronary artery disease. There was also no difference between the silent ischemia and angina groups with respect to antianginal drug, usage, prevalence of diabetes mellitus, exercise duration, peak exercise heart rate, peak work load, peak double (rate-pressure) product and percent of patients achieving ≥85% of maximal predicted heart rate for age.Thus, in this study group, there was a rather high prevalence rate of silent ischemia (57%) by exercise thallium-201 criteria. Patients with silent ischemia and those with exercise angina had comparable 1) exercise tolerance and hemodynamics, 2) extent of angiographic coronary artery disease, and 3) extent of exercise-induced hypoperfusion. Finally, more patients with recent infarction had silent ischemia than had exercise angina

Aceite de oliva y la hemostasia

Olive oil is a key component of the traditional Mediterranean diet; a diet that may explain the low rate of cardiovascular disease (CVD) in Southern European. (Extra virgin) Olive oil is a good source of monounsaturated fatty acids (MUFA) and phenolic compounds, both of which have been investigated for their effects on plasma lipids and lipoproteins, measures of oxidation and factors related to thrombosis. This issue aims to summarise the current understanding of the effects of such dietary components on the haemostatic system and subsequent risk of CVD. To date, evidence suggests that diets rich in MUFA and thus in olive oil attenuate the thrombotic response via a reduction in platelet aggregation and in postprandial FVII levels. Thrombosis is a key event in causing heart attacks and strokes, which if modulated by diet could pose a cost-effective way of reducing CVD incidence in populations that adhere to MUFA/olive oil-rich diets long-term.El aceite de oliva es un componente esencial de la dieta Mediterránea que puede explicar el bajo índice de enfermedad cardiovascular (CVD) en los países del sur de Europa. El aceite de oliva (extra virgen) es una fuente de ácidos grasos monoinsaturados (MUFA) y de compuestos fenólicos, de gran interés por sus efectos, entre otros, sobre las lipoproteínas y los lípidos plasmáticos, su capacidad antioxidante y su papel en la expresión de factores relacionados con la trombosis. En este capítulo se presenta un resumen del conocimiento actual sobre la influencia derivada del consumo de aceite de oliva (extra virgen) en el sistema hemostático y el riesgo de CVD. Por ahora se sabe que dietas ricas en MUFA (aceite de oliva) pueden atenuar la respuesta trombótica mediante la reducción de la agregación plaquetaria y de las concentraciones postprandiales del factor VII de coagulación (FVII). La trombosis es un evento relevante en los ataques al corazón y el ictus, de manera que su modulación con la dieta puede constituir una forma rentable para la disminución de la incidencia de CVD en poblaciones que consumen dietas enriquecidas en MUFA/aceite de oliva durante largo tiempo

The importance of operations management problems in service organizations

Abstract This article reports on the research to empirically determine which operations management problems are the most important to small service organizations. The authors asked managers of service organizations to rank a set of operations problems according to their relative importance using Q methodology. In this article, Q method is explained, signiÿcant factors are analyzed, and explanations are o ered for the ranking of the operations problems. The results indicate that forecasting, quality management, and resource utilization are important operational issues for service organizations. However, the results also indicate that facility location and layout, waiting line systems, and distribution requirements planning were for the most part unimportant to the respondent service organizations. In addition, Schmenner&apos;s service typology does not provide an explanatory basis for the variations in the factor results. Lastly, the results are used to suggest operations management techniques that should be taught to students who are expected to work in service organizations upon graduation.

Longitudinal Patterns of Potentially Inappropriate Medication Use Following Incident Dementia Diagnosis

Introduction: Potentially inappropriate medication (PIM) use in older adults with dementia is an understudied area. We assessed longitudinal changes in PIM exposure by dementia type following dementia diagnosis. Methods: We followed 2448 participants aged ≥ 65 years (52% women, 85.5% Caucasian, mean age 80.9 ± 7.5 years) diagnosed with dementia after enrollment in the National Alzheimer\u27s Coordinating Center (2005-2014). We estimated the association between dementia type and PIM annually for 2 years after diagnosis, using Generalized Estimating Equations. Results:Participants with Lewy body dementia had more PIM use, and participants with frontotemporal dementia had less PIM use than participants with Alzheimer\u27s disease. In the first year following diagnosis, total number of medications increased, on average, by 10% for Alzheimer\u27s disease and 15% for Lewy body dementia (P \u3c .05 for both). Discussion: A tailored approach aimed at optimizing drug therapy is needed to mitigate PIM exposure to improve medical care for individuals with dementia

State Plans for Containment of Pandemic Influenza

Current plans for control of pandemic influenza vary, and many do not include nonpharmaceutical interventions

Effect of Reducing Maximum Cycle Length on Roadside Air Quality and Travel Times on a Corridor in Portland, OR

The Sydney Coordinated Adaptive Traffic System (SCATS), an adaptive signal system designed to reduce congestion, has been installed on a heavily trafficked roadway in Portland, OR. In addition to traffic performance metrics, we are investigating how this system affects roadway emissions of air pollutants. A twenty-second reduction to maximum cycle length was proposed for the SCATS system to address pedestrian delay concerns. A two-week trial period with this reduced cycle length was implemented. Travel times and roadside air pollution concentrations were monitored throughout this study period and compared to before and after periods with the current maximum cycle length. Average travel times were found to be significantly higher during the reduced maximum cycle length, but with a mean difference of only 4-5 seconds for travel time. Assessment of travel time for this roadway suggests that a twenty second decrease in maximum cycle length to help shorten pedestrian delay can be made without significant consequences to travel time. Total traffic volumes were consistent for all four weeks of the study. Meteorological conditions were similar for the first two weeks comparing maximum cycle lengths. A shift in ambient temperature led the second two weeks of the cycle length comparison to have more similar meteorological conditions versus the first two weeks. Average NO and NO2 concentrations were not significantly different for the first half of the study. However, NO and NO2 concentrations were significantly higher during the reduced maximum cycle length for the second half of the study. When there was a significant difference based on t-test statistics, the measurements did show an increase in roadside concentrations during the shorter maximum cycle length. Preliminary results are unclear if changes to air quality (as assessed by NO and NO2 concentrations) occur or not due to the reduced maximum cycle length. Results require further comparative analysis in which meteorology and traffic conditions are controlled for so that any difference in air quality due to maximum cycle length alone can be quantified

The future of human nature: a symposium on the promises and challenges of the revolutions in genomics and computer science, April 10, 11, and 12, 2003

This repository item contains a single issue of the Pardee Conference Series, a publication series that began publishing in 2006 by the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future. This was the Center's Symposium on the Promises and Challenges of the Revolutions in Genomics and Computer Science took place during April 10, 11, and 12, 2003. Co-organized by Charles DeLisi and Kenneth Lewes; sponsored by Boston University, the Frederick S. Pardee Center for the Study of the Longer-Range Future.This conference focused on scientific and technological advances in genetics, computer science, and their convergence during the next 35 to 250 years. In particular, it focused on directed evolution, the futures it allows, the shape of society in those futures, and the robustness of human nature against technological change at the level of individuals, groups, and societies. It is taken as a premise that biotechnology and computer science will mature and will reinforce one another. During the period of interest, human cloning, germ-line genetic engineering, and an array of reproductive technologies will become feasible and safe. Early in this period, we can reasonably expect the processing power of a laptop computer to exceed the collective processing power of every human brain on the planet; later in the period human/machine interfaces will begin to emerge. Whether such technologies will take hold is not known. But if they do, human evolution is likely to proceed at a greatly accelerated rate; human nature as we know it may change markedly, if it does not disappear altogether, and new intelligent species may well be created