426 research outputs found
Oral History interview with David Dempsey, March 25, 1990
No full textOral History interview with David Dempsey conducted by Tom Coyne on March 25, 1990. Dave Dempsey is the former senior policy advisor for the Michigan Environmental Council and author of several books on Michigan’s environmental history. He describes his childhood, coming to WMU as a student in 1974, his impression of campus, and graduating in 1977. He also reflects on the growth the campus in the 50s and 60s.Partial transcript available. No audio available
The Impact of Personal Taxes on the Firm's Weighted Average Cost of Capital and Investment Behaviour: A Simplified Approach Using the Dempsey Discounted Dividends Model
No full textThe discounted dividends model advanced by Dempsey (1996) is extended to provide a weighted average cost of capital (WACC) assessment of investment opportunities with irregular cash flows. Thereafter, the framework is extended to an assessment of the implications of government tax policy for the firm's investment behaviour. The developed framework is consistent with the empirical evidence of Poterba and Summers (1985) which - over the period of UK tax history 1950-1983 encompassing four major tax on equity reforms - observes how the related dividend and investment politics of UK firms appear to be influenced by the level of dividend taxes. Copyright Blackwell Publishers Ltd 1998.
Ghosts of the Restless Shore: Space, place and memory of the Sefton Coast
No full textThis catalogue features new contemporary art by five artists integrating visual, aural, historical and written experiences of the natural and social history of the Sefton coast, North West England.
Four of the artists (Jake Campbell, Mike Collier, Tim Collier, and Rob Strachan) walked the Sefton Coastal Footpath together in the company of local natural historian, John Dempsey, from the Sefton Coast Landscape Partnership, in the summer of 2014. The work in the exhibition (and this book – which also includes the artist Sam Wiehl) is based around the experiences of that walk, as well as a sustained period of research in 2014/15.
The Sefton coast is highly valued for its intrinsic beauty and biodiversity, some of which is rare by European and UK standards (the area has classified National Nature Reserve, and Sites of Special Scientific Interest). It is alive with wildlife in its dunes, pinewoods and heaths, and its tidal waters are home to famous shipwrecks such as the ‘Star of Hope’.
Ghosts of the Restless Shore is the result of a collaborative project, organised by WALK (University of Sunderland’s Walking, Art, Landskip and Knowledge research group) which began life as a series of walks (and then developed into a ‘walking symposium’) along the Sefton Coastal Footpath in 2014. The walks were advertised locally and members of the public were invited to join the artists and share their own experiences.
Published retrospectively after the project in 2014/15, and the exhibition at The Atkinson Gallery, Southport, 22 August – 15 November 2015
The influence of the quality of the built environment on social cohesion in English neighbourhoods
No full textHigh quality built environments are promoted in urban planning and design in the UK on the grounds that they support positive social activity and behaviour. There is a severe lack of empirical evidence examining these concepts holistically, and there is little evidence to support such claims made in theory, policy and practice in the UK. Therefore, the aim of this research is to determine the relationship, if any, between the quality of the built environment and social cohesion in English neighbourhoods. As quality seems to be a multi-faceted concept, a further aim is to identify those features of quality of the built environment most likely to support social cohesion in English neighbourhoods.
The methodology adopted in this research is primarily quantitative and takes the form of a large-scale multivariate investigation of the influence of quality of the built environment on social cohesion, both of which were operationalized as a series of indicators. The data were collected using a number of different methods including a questionnaire survey and semi-structured interview, and the nature and extent of relationships were investigated through statistical analysis.
The findings show that a number of features of quality of the built environment are
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significantly associated with dimensions of social cohesion, however the nature and extent
of the associations vary from feature to feature. There is consistent evidence to suggest that features of quality of the built environment, on the whole, do positively contribute to residents' sense of community, feelings of trust and reciprocity, feelings of safety, and sense of place attachment. These findings support existing policy to varying degrees and, on the whole, support claims made in the current UK government's 'sustainable communities' plan and associated policies.
This research provides tools for further empirical investigation which include a set of indicators which express the abstract concepts of quality and social cohesion in operational terms and a method of neighbourhood delineation which takes into account residents' perceptions of neighbourhood boundaries. It makes a contribution to the extensive body of theoretical, and to a lesser extent, empirical evidence to shed light on the relationship between the physical environment and social activity and behaviour
Idiosyncratic Risk and Australian Equity Returns : Discussion Paper No 96
No full textAustralian stocks. We report that the portfolio with highest idiosyncratic volatility generates an average annual return of over 45%. We observe additionally that the outcome is consistent with an exponential growth process for stock prices. Further, consistent with Malkiel and Xu, we observe that a stock’s idiosyncratic volatility is inversely correlated with the size of the underlying firm. Thus, our model advances an interpretation of the Fama and French finding that portfolios of stocks of small firms offer superior risk-adjusted returns. Moreover, our findings challenge the portfolio theory of Markowitz (1959) and the asset-pricing model of Sharpe (1964)
Always an Adventure
No full textHugh Dempsey has for decades been one of Alberta's most prolific and influential public historians. Author of more than twenty books, he has also been "in on the ground floor" of the development of many key Alberta institutions, including the Indian Association of Alberta, the Historical Society of Alberta, and most importantly, the Glenbow Museum. Now, in his own words, he recounts his interesting and varied careers as journalist, government publicity writer, popular historian, archivist and museum administrator, speaker, and lecturer. Beginning with a compelling account of his childhood in Edmonton in the 1930s when his family was for a time on relief during the Depression and his 1940s teenage escapades hitchhiking across the continent, Dempsey's narrative moves into the frenetic world of post-war urban journalism. A fateful chance assignment as a reporter for the Edmonton Bulletin in February 1950 led to his involvement with the fledgling Indian Association of Alberta, its secretary John Laurie, president James Gladstone, and Gladstone's daughter Pauline, whom Dempsey would eventually marry. This in turn led to a strong interest in First Nations culture and biography through which Dempsey was able to combine oral history with scholarly records to produce historical writing with a broad popular appeal. During the 1950s, Dempsey helped design early provincial historical recognition programs and began his lifelong involvement with the Historical Society of Alberta. In 1956 he joined the Glenbow Foundation (later Glenbow Museum), where for the next thirty-five years he would play a crucial part in its growth and reputation for excellence, designing and managing the Glenbow Archives and eventually serving as Acting Director of the Museum before retiring in 1991. Written with the trademark Hugh Dempsey eye for detail and lively anecdote, this memoir will be essential and enjoyable reading for anyone interested in western and First Nations history and the growth of key Alberta cultural institutions
IDIOSYNCRATIC RISK AND AUSTRALIAN EQUITY RETURNS
No full textIn this paper we investigate the relationship between portfolio returns and idiosyncratic risk for Australian stocks. We report that the portfolio with highest idiosyncratic volatility generates an average annual return of over 45%. We observe additionally that the outcome is consistent with an exponential growth process for stock prices. Further, consistent with Malkiel and Xu, we observe that a stock’s idiosyncratic volatility is inversely correlated with the size of the underlying firm. Thus, our model advances an interpretation of the Fama and French finding that portfolios of stocks of small firms offer superior risk-adjusted returns. Moreover, our findings challenge the portfolio theory of Markowitz (1959) and the asset-pricing model of Sharpe (1964).Idiosyncratic risk, Capital Asset Pricing Model, Size effect
Valuation and Cost of Capital Formulae with Corporate and Personal Taxes: A synthesis Using the Dempsey Discounted Dividends Model
No full textThis paper advances expressions for the firm's valuation and cost of capital as a function of leverage. The framework is arrived at by introducing leverage in Dempsey's (1996 and 1998) cost of capital framework and is applicable in the context of both classical and imputation tax systems. The framework reveals that both the historical stability of corporate leverage and the firm's choice of financing structure as revealed by the Pecking Order hypothesis are consistent with a tax-based explanation.Griffith Business School, Department of Accounting, Finance and EconomicsNo Full Tex
Always an Adventure: An Autobiography
No full textSeries: The West Series; 3Hugh Dempsey has for decades been one of Alberta's most prolific and influential public historians. Author of more than twenty books, he has also been "in on the ground floor" of the development of many key Alberta institutions, including the Indian Association of Alberta, the Historical Society of Alberta, and most importantly, the Glenbow Museum. Now, in his own words, he recounts his interesting and varied careers as journalist, government publicity writer, popular historian, archivist and museum administrator, speaker, and lecturer. Beginning with a compelling account of his childhood in Edmonton in the 1930s - when his family was for a time on relief during the Depression - and his 1940s teenage escapades hitchhiking across the continent, Dempsey's narrative moves into the frenetic world of post-war urban journalism. A fateful chance assignment as a reporter for the Edmonton Bulletin in February 1950 led to his involvement with the fledgling Indian Association of Alberta, its secretary John Laurie, president James Gladstone, and Gladstone's daughter Pauline, whom Dempsey would eventually marry. This in turn led to a strong interest in First Nations culture and biography through which Dempsey was able to combine oral history with scholarly records to produce historical writing with a broad popular appeal. During the 1950s, Dempsey helped design early provincial historical recognition programs and began his lifelong involvement with the Historical Society of Alberta. In 1956 he joined the Glenbow Foundation (later Glenbow Museum), where for the next thirty-five years he would play a crucial part in its growth and reputation for excellence, designing and managing the Glenbow Archives and eventually serving as Acting Director of the Museum before retiring in 1991. Written with the trademark Hugh Dempsey eye for detail and lively anecdote, this memoir will be essential and enjoyable reading for anyone interested in western and First Nations history and the growth of key Alberta cultural institutions.Ye
Valuation and Cost of Capital Formulae with Corporate and Personal Taxes: A Synthesis Using the Dempsey Discounted Dividends Model
No full textThis paper advances expressions for the firm's valuation and cost of capital as a function of leverage. The framework is arrived at by introducing leverage in Dempsey's (1996 and 1998) cost of capital framework and is applicable in the context of both classical and imputation tax systems. The framework reveals that both the historical stability of corporate leverage and the firm's choice of financing structure as revealed by the Pecking Order hypothesis are consistent with a tax-based explanation. Copyright Blackwell Publishers Ltd 2001.
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