Applied Plasma Research

Contains reports on two research projects.National Science Foundation (Grant GK-28282X1)National Science Foundation (Grant GK-33843

Applied Plasma Research

Contains reports on two research projects.National Science Foundation (Grant GK-37979X)U. S. Army - Research Office - Durham (Contract DAHC04-72-C-0044

Applied Plasma Research

Contains reports on two research projects.National Science Foundation (Grant GK-28282X1)National Science Foundation (Grant GK-33843)U. S. Army - Research Office - Durham (Contract DAHC04-72-C-0044

Corporate governance and financial constraints on strategic turnarounds

The paper extends the Robbins and Pearce (1992) two-stage turnaround response model to include governance factors. In addition to the retrenchment and recovery, the paper proposes the addition of a realignment stage, referring specifically to the re-alignment of expectations of principal and agent groups. The realignment stage imposes a threshold that must be crossed before the retrenchment and hence recovery stage can be entered. Crossing this threshold is problematic to the extent that the interests of governance-stakeholder groups diverge in a crisis situation. The severity of the crisis impacts on the bases of strategy contingent asset valuation leading to the fragmentation of stakeholder interests. In some cases the consequence may be that management are prevented from carrying out turnarounds by governance constraints. The paper uses a case study to illustrate these dynamics, and like the Robbins and Pearce study, it focuses on the textile industry. A longitudinal approach is used to show the impact of the removal of governance constraints. The empirical evidence suggests that such financial constraints become less serious to the extent that there is a functioning market for corporate control. Building on governance research and turnaround literature, the paper also outlines the general case necessary and sufficient conditions for successful turnarounds

Applied Plasma Research

Contains research objectives, summary of research and reports on four research projects.National Science Foundation (Grant GK-28282X1)National Science Foundation (Grant GK-33843

Quantum Electronics

Contains reports on three research projects.U. S. Air Force - Office of Scientific Research (Contract F44620-71-C-0051)Joint Services Electronics Program (Contract DAAB07-74-C-0630)University of California, Livermore (Subcontract 7877409

Cognitive Information Processing

Contains research objectives and reports on five research projects.Joint Services Electronics Programs (U. S. Army, U.S. Navy, and U.S. Air Force) under Contract DA 36-039-AMC-03200(E)National Science Foundation (Grant GK-835)National Institutes of Health (Grant 2 P01 MH-04737-06)National Aeronautics and Space Administration (Grant NsG 496

Quantum Electronics

Contains reports on three research projects.U. S. Air Force Office of Scientific Research (Contract F44620-71-C-0051)Joint Services Electronics Program (Contract DAAB07-71-C-0300)University of California, Livermore (Subcontract No. 7877409)U. S. Army Research Office - Durham (Contract DAHC04-72-C-0044

Shallow Water ’06 : a joint acoustic propagation/nonlinear internal wave physics experiment

Author Posting. © Oceanography Society, 2007. This article is posted here by permission of Oceanography Society for personal use, not for redistribution. The definitive version was published in Oceanography 20, 4 (2007): 156-167.Since the end of the Cold War, the US Navy has had an increasing interest in continental shelves and slopes as operational areas. To work in such areas requires a good understanding of ocean acoustics, coastal physical oceanography, and, in the modern era, autonomous underwater vehicle (AUV) operations