Business strategy and business history : a review and prospectus

School of Managemen

Physical and Chemical Controls on Habitats for Life in the Deep Subsurface Beneath Continents and Ice

S.M. was funded by an STFC Aurora studentship (grant ST/1506102/1) and the NASA Astrobiology Institute Program on Foundations of Complex Life, Evolution, Preservation and Detection on Earth and Beyond (grant NNA13AA90A). J.P. was supported by NERC grant NE/G00322X/l.Peer reviewedPublisher PD

An investigation of the mathematical formulation of quantum theory and its physical interpretation, 1900-1927

Imperial Users onl

Optimal Galaxy Distance Estimators

The statistical properties of galaxy distance estimators are studied and a rigorous framework is developed for identifying and removing the effects of Malmquist bias due to obsevational selection. The prescription of Schechter (1980) for defining unbiased distance estimators is extended to more general -- and more realistic -- cases. The derivation of `optimal' unbiased distance estimators of minimum dispersion, by utilising information from additional -- suitably correlated -- observables, is discussed and the results applied to a calibrating sample from the Fornax cluster, as used in the Mathewson spiral galaxy redshift survey. The optimal distance estimator derived from I-band magnitude, diameter and 21cm line width has an intrinsic scatter which is 25 \% smaller than that of the Tully-Fisher relation quoted for this calibrating sample. (Figures are available on request).Comment: Plain Latex, 19 pages, Sussex-AST-93/9-

Owners, traders and providers of capital: the multiple faces of institutional investors

We draw on a series of in-depth interviews with senior fund managers and senior company executives to explore how different and often-contradictory conceptualizations of institutional investors, their role in the corporate governance process, and their interactions with corporate management, are reflected in the attitudes and perceptions of the actors concerned. We find that while conceptualizations in terms of agency and ownership dominate both academic and popular discourses, the actors conceptualize institutional investors more as financial traders and, from the management perspective, politically powerful resource providers.corporate governance, institutional investors, power, resource dependence,shareholder value.

The corporate-fund manager interface: objectives, information and valuation

Fund managers are the primary investment decision-makers in the stock market, and corporate executives are their primary sources of information. Meetings between the two are therefore central to stock market investment decisions but are surprisingly under-researched. There is little in the academic literature concerning their aims, content and outcomes. We report findings from interview research conducted with chief financial officers (CFOs) and investor relations managers from FTSE 100 companies and with chief investment officers (CIOs) and fund managers (FMs) from large institutional investors. Of particular interest we note that FMs place great reliance on discounted cash flow valuation models (despite informational asymmetry in favour of CFOs). This leads the former to seek to control encounters with the latter and to place great store on the clarity and consistency of corporate messages, ultimately relying on them for purposes other than estimating fundamental value. We consider some of the consequences of this usage.valuation, institutional shareholders, investor relations

Circumstellar habitable zones for deep terrestrial biospheres

SM and JOJ are grateful to the UK Science and Technology Facilities Council (STFC) for Aurora Studentships. We thank Dr. Stephen Clifford (LPI), Dr. Ravi Kopparapu (Penn State), and Claire Davis (St. Andrews) for generous technical advice. We thank Norm Sleep and two anonymous reviewers for constructive reviews of the manuscriptPeer reviewedPostprin

Opening Remarks

Opening remarks to the November 15, 2002, University of Nebraska College of Law ethics conference on the subject of replacing the Nebraska Code of Professional Responsibility with the Model Rules of Professional Conduct