An investigation of wholly-owned foreign subsidiary control through transaction cost economics theory

© 2015 AFAANZ This paper investigates the management control systems used by multinational corporation headquarters to control wholly-owned foreign subsidiaries. Our theory development is based on transaction cost economics. First, we conduct a series of exploratory interviews, providing an insight into the context, and second, we provide empirical evidence based on cross-sectional survey data. Our results indicate that activity traits (uncertainty, asset specificity and post hoc information impactedness) have significant implications on control choices, in particular the control archetype combinations chosen by headquarters, although not all results are consistent with theory predictions. Our findings are supported by extensive alternative testing

Exoplanet atmospheres with GIANO. I. Water in the transmission spectrum of HD 189733b

High-resolution spectroscopy (R $\ge$ 20,000) at near-infrared wavelengths can be used to investigate the composition, structure, and circulation patterns of exoplanet atmospheres. However, up to now it has been the exclusive dominion of the biggest telescope facilities on the ground, due to the large amount of photons necessary to measure a signal in high-dispersion spectra. Here we show that spectrographs with a novel design - in particular a large spectral range - can open exoplanet characterisation to smaller telescope facilities too. We aim to demonstrate the concept on a series of spectra of the exoplanet HD 189733 b taken at the Telescopio Nazionale Galileo with the near-infrared spectrograph GIANO during two transits of the planet. In contrast to absorption in the Earth's atmosphere (telluric absorption), the planet transmission spectrum shifts in radial velocity during transit due to the changing orbital motion of the planet. This allows us to remove the telluric spectrum while preserving the signal of the exoplanet. The latter is then extracted by cross-correlating the residual spectra with template models of the planet atmosphere computed through line-by-line radiative transfer calculations, and containing molecular absorption lines from water and methane. By combining the signal of many thousands of planet molecular lines, we confirm the presence of water vapour in the atmosphere of HD 189733 b at the 5.5-$\sigma$ level. This signal was measured only in the first of the two observing nights. By injecting and retrieving artificial signals, we show that the non-detection on the second night is likely due to an inferior quality of the data. The measured strength of the planet transmission spectrum is fully consistent with past CRIRES observations at the VLT, excluding a strong variability in the depth of molecular absorption lines.Comment: 10 pages, 8 figures. Accepted for publication in Astronomy & Astrophysics. v2 includes language editin

\bar{p}p low energy parameters from annihilation cross section data

The recent experimental data obtained by the OBELIX group on total $\bar{p}p$ annihilation cross section are analysed; the low energy spin averaged parameters of the $\bar{p}p$ scattering amplitude (the imaginary parts of the S-wave scattering length and P-wave scattering volume) are extracted from the data. Their values are found to be equal to $Im a_{sc} = - 0.69 \pm 0.01 (stat) \pm 0.03 (sys) fm, Im A_{sc} = - 0.76 \pm 0.05 (stat) \pm 0.04 (sys) fm^3$. The results are in very good agreement with existing atomic data.Comment: latex.tar.gz file, 8 pages, 1 figur

Efficacy and Safety of Meropenem\u2013Vaborbactam Versus Best Available Therapy for the Treatment of Carbapenem-Resistant Enterobacteriaceae Infections in Patients Without Prior Antimicrobial Failure: A Post Hoc Analysis

open5siIntroduction: Infections due to Klebsiella pneumoniae carbapenemase (KPC)-producing Enterobacteriaceae are associated with increased morbidity and high mortality. Meropenem–vaborbactam (MV) is a novel β-lactam/β-lactamase inhibitor combination active against KPC-producing Enterobacteriaceae. The aim of this post hoc analysis of the TANGO-II randomized controlled trial was to assess the efficacy of MV versus best available therapy (BAT) in the subgroup of patients without prior antimicrobial failure. Methods: The primary outcome measure was clinical cure at the test of cure (TOC). Secondary outcome measures included (1) clinical cure at the end of therapy (EOT), (2) microbiological cure at TOC, (3) microbiological cure at EOT, and (4) 28-day all-cause mortality. Results: First-line MV was associated with a 42.9% absolute increase in clinical cure rate at TOC (95% confidence intervals [CI] 13.7–72.1) in comparison with first-line BAT. A 49.3% absolute increase in clinical cure rate at EOT (95% CI 20.8–77.7), a 42.6% absolute increase in microbiological cure rate at EOT (95% CI 13.4–71.8), and a 36.2% absolute increase in microbiologic cure rate at TOC (95% CI 5.9–66.6) were also observed, in addition to a 29.0% absolute reduction in mortality (95% CI − 54.3 to − 3.7). Overall, fewer adverse events were observed in the MV group than in the BAT group. Conclusion: MV was superior to BAT in the subgroup of patients with serious carbapenem-resistant Enterobacteriaceae (CRE) infections and no prior antimicrobial failure, with very high rates of clinical success, and was well tolerated. Post approval and real-world studies remain essential to clearly define the most appropriate population for early, empirical MV coverage, in accordance with antimicrobial stewardship principles. Funding: The Medicines Company.openBassetti M.; Giacobbe D.R.; Patel N.; Tillotson G.; Massey J.Bassetti, M.; Giacobbe, D. R.; Patel, N.; Tillotson, G.; Massey, J

Poisson structures for reduced non-holonomic systems

Borisov, Mamaev and Kilin have recently found certain Poisson structures with respect to which the reduced and rescaled systems of certain non-holonomic problems, involving rolling bodies without slipping, become Hamiltonian, the Hamiltonian function being the reduced energy. We study further the algebraic origin of these Poisson structures, showing that they are of rank two and therefore the mentioned rescaling is not necessary. We show that they are determined, up to a non-vanishing factor function, by the existence of a system of first-order differential equations providing two integrals of motion. We generalize the form of that Poisson structures and extend their domain of definition. We apply the theory to the rolling disk, the Routh's sphere, the ball rolling on a surface of revolution, and its special case of a ball rolling inside a cylinder.Comment: 22 page