The Stock Performance of America’s 100 Best Corporate Citizens

This study considers the stock performance of America’s 100 Best Corporate Citizens following the annual survey by Business Ethics. We examine both possible short-term announcement effects around the time of the survey’s publication, and whether longer-term returns are higher for firms that are listed as good citizens. We find some evidence of a positive market reaction to a firm’s presence in the Top 100 firms that are made public, and that holders of the stock of such firms earn small abnormal returns during an announcement window. Over the year following the announcement, companies in the Top 100 yield negative abnormal returns of around 3%. However, such companies tend to be large and with stocks exhibiting a growth style, which existing studies suggest will tend to perform poorly. Once we allow for these firm characteristics, the poor performance of the highly rated firms declines. We also find companies that are newly listed as good citizens can provide considerable positive abnormal returns to investors, even after allowing for their market capitalisation, price-to-book ratios, and sectoral classification.Corporate citzenship, business ethics 100 best corporate citzens, corporate social responsibility, stock returns, trading rule performance

Corporate Reputation and Stock Returns; are good firm good for investors?

This paper employs a unique dataset from the UK based on ten years of surveys of company directors and analysts conducted for Management Today to examine the relationship between a firm’s reputation and the returns on its shares. We find that investors who purchase stocks with reputation scores that have risen significantly can make abnormal returns. Also, firms whose scores have fallen substantially still exhibit positive abnormal returns in both the short and long run when the market index is employed as a benchmark. However, when a more appropriate comparator is used, evidence of out-performance entirely disappearsManagement today, most admired firms, stock returns

Edge-region grouping in figure-ground organization and depth perception.

Edge-region grouping (ERG) is proposed as a unifying and previously unrecognized class of relational information that influences figure-ground organization and perceived depth across an edge. ERG occurs when the edge between two regions is differentially grouped with one region based on classic principles of similarity grouping. The ERG hypothesis predicts that the grouped side will tend to be perceived as the closer, figural region. Six experiments are reported that test the predictions of the ERG hypothesis for 6 similarity-based factors: common fate, blur similarity, color similarity, orientation similarity, proximity, and flicker synchrony. All 6 factors produce the predicted effects, although to different degrees. In a 7th experiment, the strengths of these figural/depth effects were found to correlate highly with the strength of explicit grouping ratings of the same visual displays. The relations of ERG to prior results in the literature are discussed, and possible reasons for ERG-based figural/depth effects are considered. We argue that grouping processes mediate at least some of the effects we report here, although ecological explanations are also likely to be relevant in the majority of cases

Political efficacy in Canada.

Dept. of History, Philosophy, and Political Science. Paper copy at Leddy Library: Theses & Major Papers - Basement, West Bldg. / Call Number: Thesis1980 .B766. Source: Masters Abstracts International, Volume: 40-07, page: . Thesis (M.A.)--University of Windsor (Canada), 1981

The Globalization of Production and the Changing Benefits of Conquest

This article examines the conditions under which conquest is likely to reap significant economic rewards. Scholars have largely focused on how the level of popular resistance within the vanquished country influences the benefits of conquest. What needs to be scrutinized in greater depth is how post–World War II economic transformations within the most advanced countries affect the benefits of conquest. This article focuses on examining one particular economic change that has been neglected for the most part in the secu- rity and peace literature: the globalization of production. The article delineates four recent changes in the structure of global production and outlines how each of these economic transformations alters the benefits of conquest. The collective impact of the arguments strongly indicates that the benefits of conquest have declined significantly in recent years within the most economically advanced countries

Dueling Realisms

International relations scholars have tended to focus on realism's common features rather than exploring potential differences. Realists do share certain assumptions and are often treated as a group, but such a broad grouping obscures systematic divisions within realist theory. Recently, some analysts have argued that it is necessary to differentiate within realism. This article builds on this line of argument. The potential, and need, to divide realism on the basis of divergent assumptions has so far been overlooked. In this article I argue that realism can be split into two competing branches by revealing latent divisions regarding a series of assumptions about state behavior. The first branch is Kenneth Waltz's well-known neorealist theory; a second branch, termed here “postclassical realism,” has yet to be delineated as a major alternative but corresponds with a number of realist analyses that cohere with one another and are incompatible with Waltzian neorealism.</jats:p

Towards a liquid compiler

Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1994.Includes bibliographical references (leaves 41-42).by Stephen Brooks Davis.M.S