130,928 research outputs found
Neo-Brandeisianism and the New Deal: Adolf A. Berle, Jr., William O. Douglas, and the Problem of Corporate Finance in the 1930s
Full text linkThis essay revisits Adolf A. Berle, Jr. and The Modern Corporation and Private Property by focusing on the triangle of Berle, Louis D. Brandeis, and William O. Douglas in order to examine some of the underlying assumptions about law, economics, and the nature of modern society behind securities regulation and corporate finance in the 1930s. I explore Douglas and Berle’s academic and political relationship, the conceptual underpinnings of Brandeis, Berle, and Douglas’s critiques of modern finance, and the ways in which the two younger men—Berle and Douglas—ultimately departed from their role model, Brandeis
Supplementary materials to: Shame mediates the relationship between negative trauma attributions and posttraumatic stress disorder (PTSD) symptoms in a trauma exposed sample
No full textSupplementary materials to: Seah, R., & Berle, D. (2022). Shame mediates the relationship between negative trauma attributions and posttraumatic stress disorder (PTSD) symptoms in a trauma exposed sample. Clinical Psychology in Europe, 4(3), Article e7801. https://doi.org/10.32872/cpe.7801The Supplementary Materials contain the following items: Figure 1 – The relationship between Internal Attributions and PTSD Symptom Severity mediated by Trauma-Related Shame. Figure 2 – The relationship between Stable Attributions and PTSD Symptom Severity mediated by Trauma-Related Shame. Figure 3 – The relationship between Global Attributions and PTSD Symptom Severity mediated by Trauma-Related Shame
Berle and Means’s The Modern Corporation and Private Property: The Military Roots of a Stakeholder Model of Corporate Governance
Full text linkThe Modern Corporation and Private Property by Adolf Berle and Gardiner Means (1932) remains one of the most cited works in management studies. Our paper shows that Berle and Means espoused a stakeholder theory of corporate governance that challenged the then-hegemonic idea that the sole purpose of a corporation is to create value for the shareholders. We argue that Berle and Means’s support for stakeholder theory can be associated with their earlier service in the U.S. military, an organization which then inculcated an ethos of public service in its members. Our paper, which is based on archival research in the Franklin Delano Roosevelt Presidential Library, seeks to relate changes in how U.S. military organizations have structured themselves with contemporaneous changes in the organization of private-sector firms
Institutional reform in emerging securities markets
Full text linkIn the long run, sound, efficient securities markets can contribute to economic growth; in the short run, they play an important role in financial liberalization. The author provides a guide to issues involved in institutional and regulatory reform of securities markets - and a discussion of the practical implications of different policy options and sequencing decisions. He argues that establishing sound securities markets requires institutional development that is a substantial task for many developing countries. Prerequisities for the development of securities markets include: (a) a macroeconomic and fiscal environment conducive to the supply of quality securities; (b) a legal, regulatory, and institutional infrastructure that can support efficient operation of the securities market. Essentially such an infrastructure must provide four things: (a) certainty about property rights and contracts; (b) transparent trading and other procedures and public disclosure by companies of all information relevant to the value of their securities; (c) protection against unfair practices by insiders and intermediaries; and (d) protection against the financial failure of intermediaries and market institutions such as clearinghouses. The author also provides examples of the policy conflicts and uncertainties that are routine in securities market reform and development, and suggests approaches to managing them.Financial Intermediation,Environmental Economics&Policies,Insurance&Risk Mitigation,Banks&Banking Reform,Economic Theory&Research
MeSH term explosion and author rank improve expert recommendations
Full text linkInformation overload is an often-cited phenomenon that reduces the productivity, efficiency and efficacy of scientists. One challenge for scientists is to find appropriate collaborators in their research. The literature describes various solutions to the problem of expertise location, but most current approaches do not appear to be very suitable for expert recommendations in biomedical research. In this study, we present the development and initial evaluation of a vector space model-based algorithm to calculate researcher similarity using four inputs: 1) MeSH terms of publications; 2) MeSH terms and author rank; 3) exploded MeSH terms; and 4) exploded MeSH terms and author rank. We developed and evaluated the algorithm using a data set of 17,525 authors and their 22,542 papers. On average, our algorithms correctly predicted 2.5 of the top 5/10 coauthors of individual scientists. Exploded MeSH and author rank outperformed all other algorithms in accuracy, followed closely by MeSH and author rank. Our results show that the accuracy of MeSH term-based matching can be enhanced with other metadata such as author rank
The Islands Coalition, chaired by Roger Berle of Cliff Island, has taken on issu
No full textThe Islands Coalition, chaired by Roger Berle of Cliff Island, has taken on issues such as schools, affordable housing, secession, health care, and taxation. The organization hopes to speak as a group for year-round residents at forums from city halls to the Legislature
Corporate Ownership and Control: A New Look at the Evidence of Berle and Means.
No full textThe empirical findings of the classic study of the separation of ownership and control by A. A. Berle and G. C. Means (still authorita tive after more than fifty years) are reappraised. A probabilistic vo ting model is used to define rigorously minority ownership control an d a rule for determining control type. For the sixteen companies whic h Berle and Means classified as management controlled, the rule varie s with shareholding concentration and differs substantially from that used by them. A direct application leaves the control classification s unchanged but the possibility of controlling coalitions of large sh areholders is demonstrated. The separation thesis is shown not to be well supported by the data. Copyright 1987 by Royal Economic Society.
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
"Closing the R&D Gap, Evaluating the Sources of R&D Spending"
Full text linkBoth spending and tax policies have been implemented in the United States with the goal of stimulating private sector research and development (R&D). Karier questions whether current R&D policy, especially the research and experimentation tax credit, can contribute to closing the gap between nondefense expenditures on R&D in the United States and such expenditures in other countries, such as Japan and Germany. He also explores possible changes to our current R&D policy to make it more effective.
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