The Global History of Corporate Governance: An Introduction

This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies underscore the importance of path dependence, often as far back into preindustrial period; legal system origin, though in a more nuanced form than mere statutory shareholder rights; and wealthy families. They also clarify the roles of ideologies, business groups, trust, institutional transplants, and politics in institutional evolution and financial development. Other themes are the universality of business insiders' investments in, entrenchment, and a possible behavioral basis for this.

cyclo-Tetra-μ-oxido-tetrakis[3-nitro-4-hydroxyphenylarsenic(III)]

The title compound, [As₄O₄(C₆H₄NO₃)₄], has an eight-membered As₄O₄ ring with a slightly twisted boat-chair conformation. The aryl groups complete the threefold coordination for each As atom. Each OH group forms a strong intramolecular O-H⋯O hydrogen bond to the adjacent NO₂ group, with only weak C-H⋯O, O⋯As [3.036 (6)-3.184 (6) Å] and O⋯O [2.921 (10)-2.930 (10) Å] interactions between tetramers

Operation and performance of the Ciba-Corning 512 coagulation monitor during parabolic flight

The goal was to assess the functionality and evaluate the procedures and operations required to operate the Ciba-Corning 512 Coagulation Monitor during parabolic flight. This monitor determines the clotting characteristics of blood. The analyzer operates by laser detection of the cessation of blood flow in a capillary channel within a test cartridge. Test simulator results were excellent for both pre-and post-flight. In-flight results were not obtained due to the warm-up time required for the simulator. Since this is an electronic function only, the expected results on the simulator would be the same in zero-g

Six-coordinate organotin(IV) complexes formed using the Kläui ligands; [CpCo{P(OR′)2O}3]SnR3 − nCln

The complexes [CpCo{P(OR′)2O}3]SnR3 − nCln [R′ = Me, Et; R = Ph, Me] are readily prepared from the corresponding organotin chloride and the sodium salt of the Kläui ligands. The X-ray crystal structures of the full series are reported for R = Ph, n = 0-3, and these show that they are all six-coordinate, including the Ph3Sn derivative which is the first example of a SnC3O3 coordination sphere. 1H, 13C, 31P and 119Sn NMR spectra are reported, and interpreted in terms of significant second-order effects and fluxional processes

Novel six-coordinate Aryl- and Alkyltin complexes

Organo-tin compounds have wide applications as pesticides and as intermediates for organic synthesis.¹ They are invariably Sn(IV) derivatives and are generally four-coordinate.² The mixed organo/chioro compounds of the type RnSnCI4-n do however have the ability to expand their coordination numbers to five or six. This depends critically on the substituents - with four organic groups, R₄Sn, there is no tendency at all to coordinate extra ligands, while at the other extreme SnCl₄ readily forms six-coordinate [SnC1₄L₂] complexes since the electronegative halo groups increase the Lewis acidity of the tin centre

Count Me In: The Dimensions of social inclusion through Culture, Media & Sport (Executive Summary)

This study was set up to examine claims made for the ability of cultural projects to promote social inclusion (cultural projects are here taken to include those incorporating sport, the arts, media, heritage and outdoor adventure). This was to be achieved primarily by collecting evidence from a sample of 14 projects selected from some 200 that had volunteered their services. The report to the government’s Social Exclusion Unit (SEU) from the Policy Action Team (PAT10) (1999) noted the potential. In his foreword, Chris Smith (then Secretary of State for the Department for Culture Media and Sport (DCMS)) wrote: “… art and sport can not only make a valuable contribution to delivering key outcomes of lower long term unemployment, less crime, better health and better qualifications, but can also help to develop the individual pride, community spirit and capacity for responsibility that enable communities to run regeneration programmes themselves”. Similar statements have followed from other politicians, particularly in the recent Commons debate on sport and social exclusion (22/11/01), and again in the public health debate (13/12/01). However, the PAT 10 report also came to the same conclusion as previous commentators (e.g. Glyptis, 19893; Allison & Coalter, 19964; Long & Sanderson, 1998) that there is little ‘hard’ evidence of the social benefits that accrue

Tamping Ramping: Algorithmic, Implementational, and Computational Explanations of Phasic Dopamine Signals in the Accumbens.

Substantial evidence suggests that the phasic activity of dopamine neurons represents reinforcement learning's temporal difference prediction error. However, recent reports of ramp-like increases in dopamine concentration in the striatum when animals are about to act, or are about to reach rewards, appear to pose a challenge to established thinking. This is because the implied activity is persistently predictable by preceding stimuli, and so cannot arise as this sort of prediction error. Here, we explore three possible accounts of such ramping signals: (a) the resolution of uncertainty about the timing of action; (b) the direct influence of dopamine over mechanisms associated with making choices; and (c) a new model of discounted vigour. Collectively, these suggest that dopamine ramps may be explained, with only minor disturbance, by standard theoretical ideas, though urgent questions remain regarding their proximal cause. We suggest experimental approaches to disentangling which of the proposed mechanisms are responsible for dopamine ramps