167,070 research outputs found

    Ann Lock

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    Annie arrived in the Northern Territory in 1927 as part of the Australia Aborigines' Mission. Her first position was at Harding Soak, north of Alice Springs, where she worked alone. Drought forced her to move to Katherine in 1928. By 1929 she was working at Ryan's Well station until 1930 when the station owner asked to her to leave. She then travelled by buggy to Boxer Creek in the Murchison Range where she stayed and worked until 1932. This place became known as "Anne Loch Waterhole". In 1933 she returned to South Australia. Annie took another long buggy trip driving from Crystal Brook to Ooldea where she pioneered a mission in 1936. In 1937 she met and married U.A.M. Johansen travelling and working with him at Eyre Peninsula where he was the minister. She devoted thirty-four years to nursing, feeding and clothing Aborigines, providing them with spiritual instruction along with educating and caring for their children. On the 10th February 1943 at Cleve she died of pneumonia and was buried in the local cemetery. Source: Catherine Bishop. 'Lock, Ann (1876 - 1943)', Australian Dictionary of Biography, Volume 15, Melbourne University Press, 2000, p109.MissionaryDressmake

    The traveller's map of Victoria, Australia [cartographic material] : showing all the roads, rivers, towns, counties, gold-diggings, sheep and cattle stations, &c, &c, &c.

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    Map of Victoria showing counties, parishes, towns, squatting stations, roads and railways, tracks and drainage. Relief shown by shading, spot heights and hachures.; Imprint on map: London : Ward & Lock, 158 Fleet Street, [1856?]; Estimated date of 1854-1862 from railway development.; From: How to farm and settle in Australia : rural calendar and a traveller's map of the squatting stations, townships, & diggings of Victoria : beautifully illustrated on steel, with general observations, authentic account of the gold fields, etc. etc. / by an old colonist. London : Ward & Lock, 1856.; Also available in an electronic version via the Internet at: http://nla.gov.au/nla.map-rm976

    Shareholder Lock-In Contracts: Share Price and Trading Volume Effects at the Lock-In Expiry

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    This paper unveils the diversity in lock-in agreements of firms listed on the Nouveau Marche stock exchange in France.We give the main economic reasons why shareholders adopt lock-in agreements that are more stringent than legally required.We relate the abnormal returns and the abnormal volume at the expiry dates of the different types of lock-in contracts to the degree of underpricing, venture-capitalist reputation and underwriter reputation.Abnormal returns and trading volume increase at the lock-in expiry; this is especially pronounced at the expiry dates of insider lock-in contracts as insiders are legally required to be locked-in.We do not find significant abnormal returns at the expiries of VC contracts, even though trading volume increases at their lock-in expiry.There is also no evidence of a positive (negative) relation between abnormal returns (abnormal volume) and more stringent lock-in contracts.Lock-in contracts and the degree of underpricing are complementary signalling devices.shareholders;venture capital;lock-in agreements;lock-up contracts;lock-in expiry;lock-up expiry;signaling;underwriter reputation;underpricing

    A curved cylindrical shell finite element

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    A simplified form of Cantin and Clough's cylindrical shell element, reducing the size of the element stiffness matrix from 24 × 24 to 20 × 20, is presented, and the two elements compared by solving several problems. Comparison is also made with results obtained from triangular elements, presented by Cowper et al. (1970). If a parameter based on solution time is used as a convergence criterion instead of the number of degrees of freedom, the new element is found to be superior to all others considered. The new element has the added advantage over that of Cantin and Clough's and all other high degree displacement function finite elements, that it avoids boundary conditions that have no obvious corresponding forces.<br/

    Lock-In Agreements in Venture Capital Backed UK IPOs

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    This paper examines the impact of venture-capital backing of UK companies issuing shares at flotation on the characteristics of the lock-in agreements entered into by the existing shareholders, and on the abnormal returns realised around the expiry of the directors' lock-in agreements.The study examines the lock-in agreements of a sample of 186 UK IPOs issued during 1992-98. 103 of these companies had venture-capital backing at the IPO.The sample is also broken down into firms classified by industrial sector: of 103 VC backed companies 48 are high-tech, and among the 83 firms without VC backing 33 are high-tech.We find that lock-in agreements in the UK show much more variety in terms of the contractual detail than US agreements.Lock-in periods are particularly long for venture-backed high-tech companies.By contrast, for firms not in the high-tech sector, venture-capital backing appears to reduce the directors' lock-in periods.This suggests that for UK IPOs venture-capital backing does not serve as a substitute for lock-in agreements.Examining the proportion of locked-in directors' shares, we find it to be significantly higher in VC-backed firms as compared to firms without VC backing in the sample of firms not classified as high tech.This suggests that for firms likely to face only moderate information asymmetries (i.e. those not in high-tech industries), venture-capital backing of the IPO is not used as a substitute for, but rather as a complement to, lock-in agreements.The higher proportion of locked-in directors' shares among VC-backed companies (not in the high-tech sector) may be because the underwriters of VC-backed IPOs expect heavy sales by the VCs in the period after the IPO and decide to lock in the directors' shares and in order to limit the downward pressure of the VC's disposals on stock prices.Alternatively, if VCs do not sell out completely in the IPO, as reported by Barry et al. 1990, they may seek to align the directors' interests with their own by locking the directors in.We also examine the share-price performance of IPOs with and without VC backing around the time of the expiry of the lock-in agreements, and find that the CAARs for the VC-backed stocks are lower for most of the short windows around the expiry date, both for the sample as a whole and separately for each industry sector.For the sample of 28 VC-backed stocks, the CAARs are statistically significantly less than zero at the 1% level for the narrow one-to three-day windows around the expiry date.For the VC-backed stocks, the CAARs range from -1.2% to -1.6% (and even to -2% for the 11-day window, but this result is not statistically significant), while the corresponding CAARs for the stocks without VC backing range only from -0.2% to -0.8.initial public offerings;lock-in;high-tech;venture capital;IPO

    Statement: Eubank Lock Service

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    Statement: Eubank Lock Service, Jacksonville, NC. Service completed at Simmons FFA Camp. Addressed to A&T College, c/o W. T. Johnson

    Capital Gains Taxes and Asset Prices: Capitalization or Lock-In?

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    This paper examines the impact on asset prices from a reduction in the long-term capital gains tax rate using an equilibrium approach that considers both demand and supply responses. We demonstrate that the equilibrium impact of capital gains taxes reflects both the capitalization effect (i.e., capital gains taxes decrease demand) and the lock-in effect (i.e., capital gains taxes decrease supply). Depending on time periods and stock characteristics, either effect may dominate. Using the Taxpayer Relief Act of 1997 as our event, we find evidence supporting a dominant capitalization effect in the week following news that sharply increased the probability of a reduction in the capital gains tax rate and a dominant lock-in effect in the week after the rate reduction became effective. Nondividend paying stocks (whose shareholders only face capital gains taxes) experience higher average returns during the week the capitalization effect dominates and stocks with large embedded capital gains and high tax sensitive investor ownership exhibit lower average returns during the week the lock-in effect dominates. We also find that the tax cut increases the trading volume during the week immediately before and after the tax cut becomes effective and in stocks with large embedded capital gains and high tax sensitive ownership during the dominant lock-in week.

    IE WP 23/04 Prospective Voluntary Agreements to Escape Carbon Lock-in

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    The paper looks for co-evolutionary policy responses to carbon lock-in – a persistent state that creates systemic market and policy barriers to carbon low technological alternatives. We address the coordination role for authorities rather than the corrective optimisation and analyse experiences from environmental voluntary agreements and foresight activities. The paper argues that combining the virtues of these tools into a new policy tool, named Prospective Voluntary Agreement (PVA), can help facilitate an escape from carbon lock-in and provide policy resources for addressing lock-in related issues. The merit of PVA lies with the enhancement of collaborative policy culture and inter-sectoral and interdisciplinary stakeholder learning that creates commitment to desired action for escaping lock-in.environmental voluntary agreement; foresight; increasing returns; lock-in; path-dependence

    Thermal inactivation and conformational lock studies on glucose oxidase

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    In this study, the dissociative thermal inactivation and conformational lock theories are applied for the homodimeric enzyme glucose oxidase (GOD) in order to analyze its structure. For this purpose, the rate of activity reduction of glucose oxidase is studied at various temperatures using b-D-glucose as the substrate by incubation of enzyme at various temperatures in the wide range between 40 and 70 �C using UV–Vis spectrophotometry. It was observed that in the two ranges of temperatures, the enzyme has two different forms. In relatively low temperatures, the enzyme is in its dimeric state and has normal activity. In high temperatures, the activity almost disappears and it aggregates. The above achievements are confirmed by dynamic light scattering. The experimental parameter ‘‘n’’ as the obvious number of conformational locks at the dimer interface of glucose oxidase is obtained by kinetic data, and the value is near to two. To confirm the above results, the X-ray crystallography structure of the enzyme, GOD (pdb, 1gal), was also studied. The secondary and tertiary structures of the enzyme to track the thermal inactivation were studied by circular dichroism and fluorescence spectroscopy, respectively. We proposed a mechanism model for thermal inactivation of GOD based on the absence of the monomeric form of the enzyme by circular dichroism and fluorescence spectroscopy

    Employment-Based Health Insurance and Job Mobility: Is There Evidence ofJob-Lock?

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    This paper assesses the impact of employer-provided health insurance on job mobility by exploring the extent to which workers are 'locked' into their jobs because preexisting conditions exclusions make it expensive for individuals with medical problems to relinquish their current health insurance. I estimate the degree of job-lock by comparing the difference in the turnover rates of those with high and low medical expenses for those with and without employer-provided health insurance. Using data from the 1987 National Medical Expenditure Survey, I estimate that job-lock reduces the voluntary turnover rate of those with employer-provided health insurance by 25 percent, from 16 percent to 12 percent per year.
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