From Value Protection to Value Creation: Rethinking Corporate Governance Standards for Firm Innovation

A company’s pro-innovation needs are often met by the exploitation of its resources, widely defined. The resource-based theory of the firm provides immense empirical insights into how a firm’s corporate governance factors can contribute to promoting innovation. However, these implications may conflict with the prevailing standards of corporate governance imposed on many securities markets for listed companies, which have developed based on theoretical models supporting a shareholder-centered and agency-based theory of the firm. Although prevailing corporate governance standards can to an extent support firm innovation, tensions are created in some circumstances where companies pit their corporate governance compliance against resource-based needs that promote innovation. In the present context of steady internationalization and convergence in corporate governance standards in global securities markets towards a shareholder-centered agency-based model, we argue that there is a need to provide some room for accommodating the resource-based needs for companies in relation to promoting innovation. We explore a number of options and suggest that the most practicable option would be the development of recognized exceptions that deviate from prevailing corporate governance standards. We further suggest as to how an exceptions-based regime can be implemented in the U.K. and U.S., comparing the rules-based regime in the U.S. with the principles-based regime in the U.K

Pupils or prisoners? Institutional geographies and internal exclusion in UK secondary schools

This is the accepted version of the following article: Barker, J., Alldred, P., Watts, M. and Dodman, H. (2010), Pupils or prisoners? Institutional geographies and internal exclusion in UK secondary schools. Area, 42: 378–386, which has been published in final form at the link below. Copyright © 2010 The Authors.A growing interest in the geographies of schooling has led to an exploration of a variety of school spaces. An increasing number of secondary schools offer internal fixed-term exclusions so that temporary removal from school is not seen as ‘time off’ for students. This particular strategy has led to the creation of a new type of space in schools. Drawing upon research undertaken in a London secondary school, this paper explores the geography of these new secluded spaces. We highlight that the configuration of physical space in Seclusion Units and the regulation of spatial practices create highly controlled and segregated spaces of punishment. We explore the powerful transformative effects of these spaces to change students' behaviour, social interaction and attitudes to learning. However, rather than simply creating docile subjects, we recognise that domination is never complete and we explore the extent and the limit of student resistance to the discipline and control of the Seclusion Unit

Design of ternary signals for MIMO identification in the presence of noise and nonlinear distortion

A new approach to designing sets of ternary periodic signals with different periods for multi-input multi-output system identification is described. The signals are pseudo-random signals with uniform nonzero harmonics, generated from Galois field GF(q), where q is a prime or a power of a prime. The signals are designed to be uncorrelated, so that effects of different inputs can be easily decoupled. However, correlated harmonics can be included if necessary, for applications in the identification of ill-conditioned processes. A design table is given for q les 31. An example is presented for the design of five uncorrelated signals with a common period N = 168 . Three of these signals are applied to identify the transfer function matrix as well as the singular values of a simulated distillation column. Results obtained are compared with those achieved using two alternative methods

Application of energy and angular momentum balance to gravitational radiation reaction for binary systems with spin-orbit coupling

We study gravitational radiation reaction in the equations of motion for binary systems with spin-orbit coupling, at order (v/c)^7 beyond Newtonian gravity, or O(v/c)^2 beyond the leading radiation reaction effects for non-spinning bodies. We use expressions for the energy and angular momentum flux at infinity that include spin-orbit corrections, together with an assumption of energy and angular momentum balance, to derive equations of motion that are valid for general orbits and for a class of coordinate gauges. We show that the equations of motion are compatible with those derived earlier by a direct calculation.Comment: 12 pages, submitted to General Relativity and Gravitatio

An Alternative Parameterization of R-matrix Theory

An alternative parameterization of R-matrix theory is presented which is mathematically equivalent to the standard approach, but possesses features which simplify the fitting of experimental data. In particular there are no level shifts and no boundary-condition constants which allows the positions and partial widths of an arbitrary number levels to be easily fixed in an analysis. These alternative parameters can be converted to standard R-matrix parameters by a straightforward matrix diagonalization procedure. In addition it is possible to express the collision matrix directly in terms of the alternative parameters.Comment: 8 pages; accepted for publication in Phys. Rev. C; expanded Sec. IV, added Sec. VI, added Appendix, corrected typo

Photometry, spectrophotometry and polarimetry of comet P/Encke during fall of 1979

Broadband S-20, B and V magnitudes of P/Encke were obtained with the digital area photometer, using an Image Dissector Scanner (IDS) detector on the 2.7 m telescope at McDonald Observatory during August 1979. The notation V(S-20) is used for S-20 magnitudes transformed to V magnitudes. The variation in the V(S20) magnitudes (26, 5 minute integrations) on the best photometric night (21 August) was small and random indicating either a lack of rotational albedo variations or, more likely, a masking of the nucleus by the outburst activity. A spectrum covering the region from 3630 to 4900 A at a resolution of 5 A was obtained on 27 August with the IDS spectrograph. The spectrum was featureless, showing no emission at the CN or CO+ wavelengths

Doppler line profiles measurement of the Jovian Lyman Alpha emission with OAO-C

Observation of Jupiter made with the high resolution ultraviolet spectrometer of the Orbiting Astronomical Observatory copernicus in April and May, 1980, yield a Jovian Lyman alpha emission intensity of 7 + or 2.5 RR. This indicates a decrease by about a factor of two since the Voyager ultraviolet spectrometer measurements, nearly a year earlier. An unusually high column abundance of hydrogen atoms above the methane homopause at the Voyager epoch is indicated. Since the auroral charged particle bombardment of molecular hydrogen is expected to contribute significantly to the global population of the hydrogen atoms, it is suggested that at the time of the Voyager Jupiter encounter unusually high auroral activity existed, perhaps d to the high concentration of the Io plasma torus. The temporal variation of the Saturn lyman alpha emission, when contrasted with the Jovian data, reveals that the auroral processes are not nearly as important in determining the Saturn Lyman alpha intensity in the nonauroral region

Studies in matter antimatter separation and in the origin of lunar magnetism

Antimatter experiments of the University of Santa Clara are investigated. Topics reported include: (1) planetary geology, (2) lunar Apollo magnetometer experiments, and (3) Roche limit of a solid body