Company investment announcements and the market value of the firm

This paper examines the stock market reaction to 402 company investment announcements made by UK companies during the 1991-1996 period. The market-adjusted abnormal returns are generally positive but small. Investment announcements are classified according to functional categories, and we find the level of abnormal returns to vary according to the type of capital investment being announced. In particular, we find the market to react more favourably to investments that 'create' future investment opportunities, than to investments which can be categorized as 'exercising' investment opportunities. The market reaction also varies with firm size, with large companies tending to experience smaller responses to announcements than do smaller firms. Chung et al. (1998) reported that the quality of a company's investment opportunities is the primary determinant of market reactions to capital expenditure decisions. The findings presented here lend some support to a role for investment opportunities in market valuations. Project size is also found to have a significant positive impact on the level of abnormal returns

Developing sexual competence? Exploring strategies for the provision of effective sexualities and relationships education

School-based sexualities and relationships education (SRE) offers one of the most promising means of improving young people's sexual health through developing 'sexual competence'. In the absence of evidence on whether the term holds the same meanings for young people and adults (e.g. teachers, researchers, policy-makers), the paper explores 'adult' notions of sexual competence as construed in research data and alluded to in UK Government guidance on SRE, then draws on empirical research with young people on factors that affect the contexts, motivations and outcomes of sexual encounters, and therefore have implications for sexual competence. These data from young people also challenge more traditional approaches to sexualities education in highlighting disjunctions between the content of school-based input and their reported sexual experience. The paper concludes by considering the implications of these insights for developing a shared notion of what SRE is trying to achieve and suggestions for recognition in the content and approaches to SRE.</p

Bulletin No. 210 - The Mineral Content of Grains

It is generally recognized that shrunken, frosted, or smutty grain is inferior to sound, clean, plump grain. Much has been done on the protein content of grain, and the best millers today purchase grain for its protein content. Few give any consideration to its minerals. Yet do two bushels of sound, plump, clean grain of known protein content grown under the same or different conditions, have the same mineral content? If not, it is of importance to both the producer and consumer: to the consumer because it governs the nutritive value of the product; to the producer because it represents the fertility which is being taken from his soil. Consequently, the value of grain produced on an acre of soil should be measured by the quality as well as the quantity

Bulletin No. 274 - Influence of Rotation and Manure on the Nitrogen, Phosphorus, and Carbon of the Soil

All agricultural plants require carbon, hydrogen, oxygen, nitrogen, calcium, potassium, magnesium, sulfur, phosphorus, iron, and probably traces of other elements for their normal growth and fruition. The growth of farm crops is dependent upon an available supply of these elements, and the extent of growth is governed by the one present and available in least quantity in proportion to the plant\u27s needs. Of the essential elements, all plants secure two (carbon and oxygen) from the air, one (hydrogen) from the water, and the others from the soil. Most soils contain sufficient plant nutrients for normal plant production, with the exception of nitrogen, phosphorus, and potassium. These elements are used by the plants from the soil in the largest quantities and are generally the plant nutrients governing the productivity of a soil. In addition, the organic matter of the soil is of prime importance, for it is the matrix which holds the nitrogen and governs the structure and water-holding capacity of the soil. Probably most Utah soils contain sufficient potassium; consequently, the problem of Utah soil fertility resolves itself into maintaining an optimum concentration of nitrogen, phosphorus, and organic material in the soil. Therefore, this work represents a study of the influence of manure and crop rotation on the nitrogen, phosphorus, and carbon in the soil

Bulletin No. 310 - The Influence of Cropping on the Nitrogen, Phosphorus and Organic Matter of the Soil Under Irrigation Farming

Most soils contain sufficient nutrients for normal plant growth, with the exception of nitrogen, phosphorus and potassium. These elements are used by plants in the largest quantities and the amounts of these in the soil govern its productivity. Soil organic matter is of prime importance for it is the matrix which holds the nitrogen and modifies the structure, temperature, and water-holding capacity of the soil. The organic matter is the very life of the soil, for it is in and on it that bacteria work and by so doing determine the kind and speed of reactions which occur. It is the bacterial activities in the soil that determine the available plant food. Probably most Utah soils contain sufficient potassium, consequently the problem of Utah soil fertility resolves itself into maintaining an optimum concentration of nitrogen, phosphorus, and organic matter. The present work represents a study of the phosphorus, nitrogen, and organic matter in the soil and the speed with which they are being removed by plants, erosion and leaching

Bulletin No. 163 - Composition of the Irrigation Waters of Utah

Analytical work which has so far been published on the composition of the irrigation waters of the Intermountain Region indicates a wide variation in their composition. Some are exceptionally pure, being nearly free from alkali, and may be used without fear of injury to soils; others contain larger quantities of alkali and must be used with care; still others are so heavily charged with soluble salts that they must be used with extreme caution, otherwise the growing crop will be injured and in time the soil rendered unfit for agricultural purposes. The land then must be either reclaimed or abandoned, either of which will entail an enormous expense to the landowner and indirectly to the State. Much of this unnecessary loss can be prevented if definite and complete information be available on the composition of the irrigation waters

'Selling it as a holistic health provision and not just about condoms ?' Sexual health services in school settings: current models and their relationship with sex and relationships education policy and provision

In this article we discuss the findings from a recent study of UK policy and practice in relation to sexual health services for young people, based in - or closely linked with - schools. This study formed part of a larger project, completed in 2009, which also included a systematic review of international research. The findings discussed in this paper are based on analyses of interviews with 51 service managers and questionnaire returns from 205 school nurses. Four themes are discussed. First, we found three main service permutations, in a context of very diverse and uneven implementation. Second, we identified factors within the school context that shaped and often constrained service provision; some of these also have implications for sex and relationships education (SRE). Third, we found contrasting approaches to the relationship between SRE input and sexual health provision. Fourth, we identified some specific barriers that need to be addressed in order to develop 'young people friendly' services in the school context. The relative autonomy available to school head teachers and governors can represent an obstacle to service provision - and inter-professional collaboration - in a climate where, in many schools, there is still considerable ambivalence about discussing 'sex' openly. In conclusion, we identify areas worthy of further research and development, in order to address some obstacles to sexual health service and SRE provision in schools