A Comparative Analysis of Takeover Regulation in the European Community

An attempt is made to disperse some of the regulatory haze created by the various philosophies of corporate governance within the EC. Understanding the different systems of takeover regulation within the European countries Before attempting an acquisition can provide a company with more than just important technical knowledge about the requirements of an acquisition

Temporal and Spatial Classification of Active IPv6 Addresses

There is striking volume of World-Wide Web activity on IPv6 today. In early 2015, one large Content Distribution Network handles 50 billion IPv6 requests per day from hundreds of millions of IPv6 client addresses; billions of unique client addresses are observed per month. Address counts, however, obscure the number of hosts with IPv6 connectivity to the global Internet. There are numerous address assignment and subnetting options in use; privacy addresses and dynamic subnet pools significantly inflate the number of active IPv6 addresses. As the IPv6 address space is vast, it is infeasible to comprehensively probe every possible unicast IPv6 address. Thus, to survey the characteristics of IPv6 addressing, we perform a year-long passive measurement study, analyzing the IPv6 addresses gleaned from activity logs for all clients accessing a global CDN. The goal of our work is to develop flexible classification and measurement methods for IPv6, motivated by the fact that its addresses are not merely more numerous; they are different in kind. We introduce the notion of classifying addresses and prefixes in two ways: (1) temporally, according to their instances of activity to discern which addresses can be considered stable; (2) spatially, according to the density or sparsity of aggregates in which active addresses reside. We present measurement and classification results numerically and visually that: provide details on IPv6 address use and structure in global operation across the past year; establish the efficacy of our classification methods; and demonstrate that such classification can clarify dimensions of the Internet that otherwise appear quite blurred by current IPv6 addressing practices

The nature of gravitational singularities

The nature of gravitational singularities, long mysterious, has now become clear through a combination of mathematical and numerical analysis. As the singularity is approached, the time derivative terms in the field equations dominate, and the singularity behaves locally like a homogeneous oscillatory spacetime.Comment: received "honorable mention" in Gravity Research Foundation essay contes

Efficiency of Financial Institutions: International Survey and Directions for Future Research

This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the various efficiency methods do not necessarily yield consistent results and suggest some ways that these methods might be improved to bring about findings that are more consistent, accurate, and useful. Secondary goals are to address the implications of efficiency results for financial institutions in the areas of government policy, research, and managerial performance. Areas needing additional research are also outlined.

Global integration in the banking industry

Lowered regulatory barriers and advances in technology have reduced the cost of supplying banking services across borders. At the same time, growth in activity by multinational corporations has increased the demand for international financial services. As a result, many observers believe that global integration is under way in the banking industry, that banks are expanding their reach across borders, and that many banking markets will therefore develop large foreign components. The authors report on a study conducted by them, along with Qinglei Dai and Steven Ongena, that examined the nationality and international reach of banks that provide short-term financial services across Europe to affiliates of multinational corporations. The present article also looks at time-series data that provide a more recent look at the progress of integration in Europe. Based on a 1996 survey of more than 2,000 affiliates, the study found that an affiliate is most likely to choose a bank headquartered in the nation in which it is operating (a host-nation bank) rather than a bank headquartered in the home country of the affiliate or in a third nation. The affiliate is also more likely to select a bank limited to local or regional operations rather than one with global reach. The findings are consistent with the proposition that affiliates most value a bank that understands the culture, business practices, and regulatory conditions of the country in which the affiliate operates, and that host-nation banks possess a competitive advantage over other banks in this regard. The time-series data--on syndicated loans, foreign bank claims, and the dispersion of consumer goods prices across Europe--are also consistent with the picture drawn from the 1996 survey. The article concludes that banking markets evidently need not become more integrated even as economic activity otherwise becomes increasingly global.Banks and banking ; International finance

Baculovirus expression: tackling the complexity challenge

This article is made available for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.Most essential functions in eukaryotic cells are catalyzed by complex molecular machines built of many subunits. To fully understand their biological function in health and disease, it is imperative to study these machines in their entirety. The provision of many essential multiprotein complexes of higher eukaryotes including humans, can be a considerable challenge, as low abundance and heterogeneity often rule out their extraction from native source material. The baculovirus expression vector system (BEVS), specifically tailored for multiprotein complex production, has proven itself to be uniquely suited for overcoming this impeding bottleneck. Here we highlight recent major achievements in multiprotein complex structure research that were catalyzed by this versatile recombinant complex expression tool