The Anthonomus juniperinus group, with descriptions of two new species (Coleoptera: Curculionidae)

The Anthonomus juniperinus (Sanborn) species group is defined and two new species, Anthonomus sanborni, new species, and A. rileyi new species, from the United States are described, keyed and illustrated. The three species of the group are associated with the plant genus Juniperus and the larvae of A. juniperinus are known to develop in fungal galls of Gymnosporangium spp. as well as fruits of the Eastern redcedar, Juniperus virginiana L. The biology of the group and its taxonomic relationships to other species of Anthonomus Germar are also discussed

Revision of the weevil genus Epimechus Dietz (Coleoptera: Curculionidae: Anthonomini)

Epimechus curvipes Dietz is designated as type species of the genus Epimechus Dietz. Ten additional species from western North America, including four new species, are assigned to the genus: E. aemulus Fall; E. flavirostris Fall; E. mimicus Dietz; E. adspersus Dietz; E. mobilis Fall; E. nevadicus Dietz; E. molina, new species (Arizona, Baja California Norte); E. combustus, new species (Arizona, New Mexico, Utah); E. signum, new species (Arizona, Coahuila, Colorado, New Mexico, Saskatchewan, Texas, Utah) and E. hesperius, new species (Arizona, California, Colorado, Guanajuato, Idaho, Nevada, New Mexico, Nuevo Leon, South Dakota, Texas, Utah, Wyoming). These are distinguished from other Anthonomini by the short, simple tarsal claws. The names Epimeclws modicus Fall, E. soriculus Dietz, and E. nanulus Fall are placed in new synonymy under E. curvipes. Lectotypes are designated for E. adspersus and E. nevadicus. Two species formerly in Epimechus are transferred the subgenus Cnemocyllus Dietz in Anthonomus Germar: E. arenicolor Fall as Anthonomus arenicolor (Fall), new combination, and E. canoides Fall as Anthonomus canoides (Fall), new combination. Adults of species of Epimechus have been collected on plants in the genera Baccharis, Chrysothamnus, Ericameria, Gutierrezia, Haplopappus, Senecio and Tetradymia (all Asteraceae)

Revision of the subgenus Cnemocyllus Dietz of the weevil genus Anthonomus Germar (Coleoptera: Curculionidae, Anthonomini)

Anthonomus (Cnemocyllus) decipiens Dietz is designated as type species of Cnemocyllus Dietz. The twenty-three North American species assigned to the Anthonomus subgenus Cnemocyllus include ten previously placed in the subgenus: A. albus Hatch, A. decipiens LeConte, A. dorothyae Hatch, A. elongatus LeConte, A. jacobinus Dietz, A. juncturus Fall, A. ligatus Dietz, A. pictus Blatchley, A. quesnelensis Sleeper, and A. tenuis Fall; three species formerly in Anthonomus but not in Cnemocyllus: A. stolatus Fall, A. inermis Boheman, and A. ornatulus Dietz; two species once in Epimechus Dietz but subsequently transferred to Anthonomus: A. arenicolor (Fall) and A. canoides (Fall); and eight new species: A. californiensis, new species (California and Baja California); A. bajaensis, new species (Baja California); A. intermedius, new species (Utah); A. extensus, new species (British Columbia, California, Idaho, Oregon, and Washington); A. deserticolus, new species (Arizona, Baja California, California, Guerrero, New Mexico, Sonora, and Texas); A. schuhi, new species (California and Oregon); A. latus, new species (California); and A. squamoerectus, new species (California and Oregon). The species of Anthonomus in the subgenus Cnemocyllus are distinguished from other Anthonomini by the combination of having vestiture of more-or-less broad, dense scales, 6 or 7 antennal funicular articles, a slender endophallic transfer apparatus and, in most, the slightly to strongly curved metatibia of the male. The tarsal claws are variable, toothed or untoothed. The names Anthonomus cycliferus (Fall), A. malkini Hatch and A. summeri Hatch are placed in new synonymy under A. jacobinus Dietz; A. cretaceus (Champion) is placed in new synonymy under A. decipiens LeConte; A. imbricus Hatch is placed in new synonymy under A. quesnelensis Sleeper; A. mannerheimi Dieckmann (A. brunnipennis Mannerheim, not Curtis) and A. subvittatus LeConte are placed in new synonymy under A. inermis (Boheman); A. minutus Hatch is placed in new synonymy under A. dorothyae Hatch. Adults of many of the species of the subgenus Cnemocyllus have been collected on plants in the family Asteraceae. The larvae of several of the species are known to develop on these plants

An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns

This paper studies average and conditional expected returns in national equity markets, and their relation to a number of fundamental country attributes. The attributes are organized into three groups. The first is relative valuation ratios, such as price-to-book-value, cash-flow, earnings and dividends. The second group measures relative economic performance and the third measures industry structure. We find that average returns across countries are related to the volatility of their price-to-book ratios. Predictable variation in returns is also related to relative gross domestic product, interest rate levels and dividend-price ratios. We explore the hypothesis that cross-sectional variation in the country attributes proxy for variation in the sensitivity of national markets to global measures of economic risks. We test single-factor and two-factor models in which countries' conditional betas are assumed to be functions of the more important fundamental attributes.

Conditioning Variables and the Cross-Section of Stock Returns

Previous studies have identified predetermined variables that have some power to explain the time series of stock and bond returns. This paper shows that loadings on the same variables also provide significant cross-sectional explanatory power for stock portfolio returns. These loadings are important, over and the above the variables advocated by Fama and French (1993) in their three factor model,' and also the four factors of Elton, Gruber and Blake (1995). The explanatory power of the loadings on lagged variables is robust to various portfolio grouping procedures and other considerations. The lagged variables reveal information about the cross-section of expected returns that is not captured by popular asset pricing factors. These results carry implications for risk analysis, performance measurement, cost-of-capital calculations and other applications.

Sources of Risk and Expected Returns in Global Equity Markets

This paper empirically examines multifactor asset pricing models for the returns and expected returns on eighteen national equity markets. The factors are chosen to measure global economic risks. Although previous studies do not reject the unconditional mean- variance efficiency of a world market portfolio, our evidence indicates that the tests are low in power, and the world market betas do not provide a good explanation of cross-sectional differences in average returns. Multiple beta models provide an improved explanation of the equity returns.

Are U.S. CEOs Paid More than U.K. CEOs? Inferences from Risk- Adjusted Pay (CRI 2009-003)

We compute and compare risk-adjusted pay for US and UK CEOs, where the adjustment is based on estimated risk premiums stemming from the equity incentives borne by CEOs. Controlling for firm and industry characteristics, we find that US CEOs have higher pay, but also bear much higher stock and option incentives than UK CEOs. Using reasonable estimates of risk premiums, we find that risk-adjusted US CEO pay does not appear large compared to that of UK CEOs. We also examine differences in pay and equity incentives between a sample of non-UK European CEOs and a matched sample of US CEOs, and find that risk-adjusting pay may explain about half of the apparent higher pay for US CEOs

Executive equity compensation and incentives: a survey

Stock and option compensation and the level of managerial equity incentives are aspects of corporate governance that are especially controversial to shareholders, institutional activists, and government regulators. Similar to much of the corporate finance and corporate governance literature, research on stock-based compensation and incentives has not only generated useful insights, but also produced many contradictory findings. Not surprisingly, many fundamental questions remain unanswered. In this study, the authors synthesize the broad literature on equity-based compensation and executive incentives and highlight topics that seem especially appropriate for future research.Executives ; Stockholders ; Corporate governance

Blister beetle management in alfalfa

"In Missouri, blister beetles are an infrequent pest of alfalfa. When present in sufficient numbers, however, the consequences can be serious. These insects cause only limited plant damage to alfalfa and soybeans. But when ingested by livestock, especially horses, the animals may become sick and even die. These insects produce a highly toxic drug called cantharidan."--First page.Wayne C. Bailey and Wilbur R. Enns (Department of Entomology), and Wayne E. Loch (Department of Animal Science, College of Agriculture)Revised 1/90/6