A computer program for systematically analyzing free-flight data to determine the aerodynamics of axisymmetric bodies

Computer program for analyzing free flight motions of axisymmetric bodies to determine aerodynamic coefficient

The Impact of Voluntary Disclosures on Sell-Side Analyst Stock Recommendations: Australian Experience

This paper investigates the impact of voluntary disclosures on sell-side analyst stock recommendations. It uses content analysis method to measure quality of information disclosures and emphasis on particular themes. The focus of this study is on changes in analyst recommendations and the new information disclosures that have been made public since the previous revision of recommendation. The proxies for voluntary disclosures are information released by firms via company announcements and associated media reports. The characteristics of these disclosures are examined to explore their impact on the changes in analystsÌ stock recommendations. Based on a sample of over 200 recommendation revisions of 40 listed Australian companies, the results suggest that voluntary disclosures do contribute to analyst stock revisions. The findings reveal that the quantity of disclosures is positively associated with the number of recommendation revisions, and that disclosures with favourable signals or with price-sensitive contents are significantly related to the direction and type of analyst revisions. In addition, disclosure of specific themes (e.g., dividend and product) in company announcements and news are significantly associated with the recommendation change. This has implications for both the formulation of accounting policies and the regulation of financial disclosure. Acknowledgements: The authors acknowledge the support of Thomson Financial in the conduct of this research through their provision of data from the Institutional Brokers Estimate System (I/B/E/S) service. This data has been provided as part of a broad academic program to encourage earnings expectation research. The authors acknowledge the helpful comments from participants at the BAA Annual Conference (2004), University of York.Thai takeovers, bidding firms, control portfolios, bootstrapped t-tests

Ohio's beekeeping almanac

Previously published in 1979 as part of the monthly newsletter "Beekeeping Notes."The Almanac provides a map of Ohio with average temperatures, expected rainfall amounts in the central portion of the state, a written description of the climatic conditions, as well as what honey bee, plant and beekeeper activity is or should be taking place

Predation by Amphibians and Small Mammals on the Spruce Budworm (Lepidoptera: Tortricidae)

Stomach-content analyses of pitfall-trapped amphibians and small mammals showed that the eastern American toad, Bujo americanus americanus, and the wood frog, Rana sylvatica, preyed on late instars and moths of the spruce budworm, Choristoneura fumiferana. The spotted salamander, Ambystoma maculatum, and the masked shrew, Sorex cinereus, also preyed on late instars of the spruce budworm

Short proofs of some inequalities of Horst Alzer

summary:We provide elementary proofs of some inequalities of Horst Alzer

Consanguinidade, endogamia e ilegitimidade na Freguesia de São Roque do Pico (Açores).

VI Expedição Científica do Departamento de Biologia - Pico 1991.0s objectivos que estiveram na base do trabalho de campo desenvolvido ao longo desta Expedição relacionaram-se com a recolha de dados acerca dos vários aspectos biodemográficos da ilha do Pico. Uma vez que os registos no Pico não se encontravam devidamente preservados ou organizados, alargou-se a pesquisa à ilha do Faial, onde o material encontrado no Arquivo Municipal da Horta foi posto à disposição pelo Director da Biblioteca Pública. Em resumo, os dados recolhidos incluem extractos de: 1- Registos de casamentos ocorridos na freguesia de São Roque (1876-1911); 2- Registos de baptismos da freguesia de Santa Luzia (1880-1885); 3- Registos de baptismos da freguesia de São Roque (1880-1890); 4- Registos constantes do "Livro de entrada de Expostos" (1779-1828)