Investor Skepticism v. Investor Confidence: Why the New Research Analyst Reforms Will Harm Investors

Part I of this Article provides an overview of research analysts and their basic functions, including a discussion of sell-side analysts\u27 role in the market\u27s recent boom and bust. Part II examines the conflicts of interest that have plagued sell-side research, and Part III reviews the Regulatory Actions that are meant to address these conflicts. In Part IV, the author will make the case for encouraging, rather than lessening, investor skepticism in sell-side research and will explain why the Regulatory Actions are not likely to improve the performance of sell-side analysts. Finally, Part V will offer a simpler proposal to address the sell-side analyst issue. While there may not be a solution to the maybe not problem, the information gap between institutional investors and retail investors regarding the weaknesses of sell-side research can be eliminated, which would allow retail investors to benefit from the value of sell-side research while also granting them the opportunity to properly protect themselves from its weaknesses. Akin to the Surgeon General\u27s warning for cigarette manufacturers, this Article proposes that sell-side analysts and their firms be required to prominently include, with all research, a short and clear warning from the United States Securities and Exchange Commission ( SEC ), regarding the historical weaknesses of sell-side research

A new type of socio-economic system

By permission of MIT Press reproduced below is the full text of Orcutt G (1957) ‘A new type of socio-economic system’, Review of Economics and Statistics, 39(2), 116-123.microsimulation

Using Valuation-Based Decision Making to Increase the Efficiency of China\u27s Patent Subsidy Strategies

[Excerpt] “The Chinese government has grown concerned that its patent fee subsidy programs have not funded the most deserving patents, and thus they no longer wish to spend public resources to promote low-value patents. Instead, the government would prefer subsidy programs that encourage the most deserving patents. The Patent Strategy reflects this desire, as the fourth strategic focus of the Patent Strategy recognizes the need to “[o]ptimize [China’s] patent subsidy policy and further define the orientation to enhance patent quality.”19 This Article explains how a disciplined and transparent valuation-based decision making process can help the Chinese government design patent fee subsidy programs that allocate funds more consistently to deserving patents. In addition, this Article offers the outline of a practical valuation model the Chinese government could use to filter patent fee subsidy requests.

Steady state and dynamic properties of journal bearings in laminar and superlaminar flow regimes. II - Full floating ring bearings

Steady state and dynamic properties of journal bearings in laminar and superlaminar flow regime

Le trouble limite du soi : l’approche de Masterson

La pathologie de l'état limite (borderline) est un défi pour le champ de la santé mentale à cause de sa dynamique complexe et des difficultés de traitement. James F. Masterson est un leader et un pionnier dans le diagnostic et le traitement du trouble limite du soi (borderline disorder of the self). Son travail est basé sur 30 ans d'expérience clinique et de recherches intensives intégrées à une synthèse des plus importants concepts psychodynamiques incluant la théorie du développement, la relation d'objet et les concepts du soi. Sa théorie spécifique et sa technique psychothérapeutique se sont avérées particulièrement efficaces dans la compréhension et le traitement de ce syndrome controversé qui est au centre des préoccupations psychothérapeutiques.Borderline pathology challenges the mental health field with its dynamic complexity and management difficulties. James F. Masterson, M.D., is a leading authority and pioneer in the diagnosis and treatment of the Borderline Disorder of the Self. His work is based on 30 years of intensive clinical experience and research, integrated with a synthesis of the major psychodynamic concepts, including developmental theory, object relations, and concepts of the Self. Masterson's specific theory and applied technique has proved uniquely effective in understanding and treating this controversial syndrome that has become central to psychotherapeutic concern

Dungeness crab research program

In 1974, the California State Legislature, recognizing the problem of low yields from the Dungeness crab resource of central California, directed the Department of Fish and Game to conduct an investigation into the causes of the decline. The Operations Research Branch of the Department has conducted preliminary studies and field operations necessary to formulate the Dungeness Crab Research Program. The objectives, research design, and work plans are presented for a 4-year program from July 1, 1975 through August 31, 1979. (38pp.