Biomedical electrode arrangement Patent

Electromedical garment, applying vectorcardiologic type electrodes to human torsos for data recording during physical activit

Loran-C plotting program for plotting lines of position on standard charts

A set of programs used to plot Loran C lines of position on any common map or standard aviation sectional chart are given. The Loran C plotting program JRPLOT FORTRAN uses a standard Calcomp compatible plotting subroutine package for the Hewlett-Packard 7203A graphic plotter. The programs are designed to be run on an IBM System 370 computer. A simple add subtract method is used to calculate the lines of position. A description of how to use the program and some methods of operation are given

Marquette University Slavic Institute Papers NO. 11

https://epublications.marquette.edu/mupress-book/1011/thumbnail.jp

Blockholder dispersion and firm value

This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test for the direction of the effect, we use a large dataset of U.S. firms that combines blockholder information, shareholder rights information, debt ratings, accounting information, and financial markets information. We find that a large fraction of aggregated block ownership negatively affects Tobin’s Q. The negative impact is larger if blockowners are more dispersed, suggesting that a concentrated ownership structure is to be preferred on average. Results are robust to controlling for blockholder type as well as proxies for shareholder rights. Our empirical findings are also confirmed if we study the impact of ownership dispersion on firm debt ratings rather than Tobin’s Q. JEL Classification: G3, G3