55,018 research outputs found
Exploring the rationale of enlightened shareholder value in the realm of UK company law β the path dependence perspective
Despite conventional beliefs in the predominance of shareholder value, a broader agenda of stakeholder consideration has been advocated in the UK by the recently-introduced ESV principle β the overriding corporate objective in the new company law regime. In this paper, the efficiency of this principle in terms of stakeholder enhancement is challenged through an interdisciplinary analysis. Through a critical review of the ESV principle, it is discovered that stakeholder enhancement practices in the context of the 2006 company law regime are still for the fundamental goal of shareholder value maximisation, and that their enlightened impact has been fairly limited in practice. Furthermore, by revisiting the interrelationships between UK economic, political and cultural factors with the predominance objective of shareholder value maximisation in the Companies Act 2006, it is discovered that the enlightened effect of this new approach in the company law regime is in fact impeded by strong, persistent forces deriving from shareholder-oriented particulars. Providing insight into the future direction of corporate governance practice, the paper concludes the rationale behind the shareholder-oriented ESV principle, and further suggests the continuing predominance of shareholder value in UK corporate governance
DEMAND SUBSTITUTION BETWEEN NATURAL, FLAVORED, AND SYNTHETIC CITRUS JUICES
Food Consumption/Nutrition/Food Safety,
Exterior splashes and linear sets of rank 3
In \PG(2,q^3), let be a subplane of order that is exterior to
\li. The exterior splash of is defined to be the set of
points on \li that lie on a line of . This article investigates
properties of an exterior \orsp\ and its exterior splash. We show that the
following objects are projectively equivalent: exterior splashes, covers of the
circle geometry , Sherk surfaces of size , and
\GF(q)-linear sets of rank 3 and size . We compare our construction
of exterior splashes with the projection construction of a linear set. We give
a geometric construction of the two different families of sublines in an
exterior splash, and compare them to the known families of sublines in a
scattered linear set of rank 3
The tangent splash in \PG(6,q)
Let B be a subplane of PG(2,q^3) of order q that is tangent to .
Then the tangent splash of B is defined to be the set of q^2+1 points of
that lie on a line of B. In the Bruck-Bose representation of
PG(2,q^3) in PG(6,q), we investigate the interaction between the ruled surface
corresponding to B and the planes corresponding to the tangent splash of B. We
then give a geometric construction of the unique order--subplane determined
by a given tangent splash and a fixed order--subline.Comment: arXiv admin note: substantial text overlap with arXiv:1303.550
Bosonization Theory of Excitons in One-dimensional Narrow Gap Semiconductors
Excitons in one-dimensional narrow gap semiconductors of anti-crossing
quantum Hall edge states are investigated using a bosonization method. The
excitonic states are studied by mapping the problem into a non-integrable
sine-Gordon type model. We also find that many-body interactions lead to a
strong enhancement of the band gap. We have estimated when an exciton
instability may occur.Comment: 4pages, 1 figure, to appear in Phys. Rev. B Brief Report
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