131,115 research outputs found
A novel computerized real effort task based on sliders
No full textIn this note, we present a novel computerized real effort task based on moving sliders across a screen which overcomes many of the drawbacks of existing real effort tasks. The task was first developed and used by us in Gill and Prowse (forthcoming). We outline the design of our \slider task", describe its advantages compared to existing real effort tasks and provide a statistical analysis of the behavior of subjects undertaking the task. We believe that the task will prove valuable to researchers in designing future real effort experiments, and to this end we provide z-Tree code and guidance to assist researchers wishing to implement the slider task
Juliet Prowse
No full textMuppet costume designer, Bonnie Erickson ; Muppets by Bonnie Erickson, Caroly Wilcox, Mari Kaestle, Dave Goelz, Rollin Krewson, Faz Fazakas, Larry Jameson ; Muppet performers, Frank Oz, Richard Hunt, Dave Goelz, Eren Ozker, John Lovelady, Jane Henson, Jim Henson ; Muppet creative consultant, Michael K. Frith ; choreographer, Norman Maen.Guest Juliet Prowse pays Kermit the Frog a compliment by calling him the "Robert Redford of frogs." Highlights include: Fozzie Bear's comedy routine; a pair of Snowth singing a tune that a hippie muppet disrupts, insisting on his own mahnamahna harmony; a modern ballet performance by Prowse; the Muppet Players' presentation of "Cowboy Time," in which Fozzie Bear's attempt to hold up a saloon is remembered as the day Kid Fozzie came to town; and appearances by Statler and Waldorf, who comment on the show from their box seats. The program concludes with the Muppet Glee Club singing "Temptation," featuring a solo by Miss Piggy, who ends the song by smothering Kermit, the choral director
Report of Judge Prowse on the fire of the 8th and 9th July, 1892
No full textThis report was compiled by Prowse for the Newfoundland Government and contains, "facts and circumstances attendant on the disastrous fire which destroyed a large portion of St. John's on the 8th and 9th July [1892]" (p.3)
Cheating in the workplace: An experimental study of the impact of bonuses and productivity
No full textWe use an online real-effort experiment to investigate how bonus-based pay and worker productivity interact with workplace cheating. Firms often use bonus-based compensation plans, such as group bonuses and firm-wide profit sharing, that induce considerable uncertainty in how much workers are paid. Exposing workers to a compensation scheme based on random bonuses makes them cheat more but has no effect on their productivity. We also find that more productive workers behave more dishonestly. These results are consistent with workers’ cheating behavior responding to the perceived fairness of their employer’s compensation scheme
Corporate finance in international perspective: legal and regulatory influences on financial system development
No full textIn the postwar period, systems of corporate finance and governance have emerged in the United States, Japan, and Germany that are dramatically different from one another. To date, there has been little focus on why. Stephen Prowse argues that differences in three aspects of the legal and regulatory environments in these countries are responsible. First, the severity of legal and regulatory restraints on financial institutions being "active" investors in firms. Second, the degree to which corporate securities markets are suppressed by regulation. Finally, the degree to which securities markets are "passively" suppressed by the absence of mandated disclosure requirements. ; Prowse compares the merits of each system and argues that the U.S. system may be more favorable to the growth of high-technology firms. He discusses the future evolution of each system. The German and Japanese regulatory environments are changing rapidly to increase the role of securities markets in corporate finance. The U.S. environment is also changing to give financial institutions more latitude to be active investors in firms. Over the long term, the regulatory environments of all three countries appear to be converging. The focal point of this convergence is an entirely new environment in which financial institutions are free to be active investors and corporate securities markets are unhindered by regulatory obstacles.Corporations - Finance ; International finance
Alternative methods of corporate control in commercial banks
No full textIn this article, Stephen Prowse investigates how owners of commercial banks encourage management to follow value-maximizing policies. While the "corporate control mechanism" in nonfinancial firms is well documented, for the banking industry much less evidence is available. Moreover, unique factors in the operating environment of commercial banks may mean that their corporate control mechanism operates differently from that of nonfinancial firms. ; Prowse analyzes a sample of bank holding companies (BHCs) from 1987 to 1992 to determine how many underwent a change in corporate control by hostile takeover, friendly merger, action by the board of directors, or intervention by regulators. Prowse finds that the primary market-based corporate control mechanism among BHCs is action by the board, although bank boards appear to be much less assertive than boards of nonfinancial firms. Overall, the market-based corporate control mechanisms in banks do not appear as efficient at disciplining managers as they are in other firms. By default, this has given a primary role to regulators to provide a "last resort" control mechanism. Prowse analyzes reasons for this and evaluates how proposed banking legislation might affect corporate governance.Banks and banking ; Corporations
A novel computerized real effort task based on sliders
No full textIn this note, we present a novel computerized real effort task based on moving sliders across a screen which overcomes many of the drawbacks of existing real effort tasks. The task was first developed and used by us in Gill and Prowse (forthcoming). We outline the design of our \slider task", describe its advantages compared to existing real effort tasks and provide a statistical analysis of the behavior of subjects undertaking the task. We believe that the task will prove valuable to researchers in designing future real effort experiments, and to this end we provide z-Tree code and guidance to assist researchers wishing to implement the slider task. Keywords; real effort task, slider task, design of laboratory experiments, learning and time effects, individual heterogeneity
A Novel Computerized Real Effort Task Based on Sliders
No full textIn this note, we present a novel computerized real effort task based on moving sliders across a screen which overcomes many of the drawbacks of existing real effort tasks. The task was first developed and used by us in Gill and Prowse (American Economic Review, forthcoming). We outline the design of our "slider task", describe its advantages compared to existing real effort tasks and provide a statistical analysis of the behavior of subjects undertaking the task. We believe that the task will prove valuable to researchers in designing future real effort experiments, and to this end we provide z-Tree code and guidance to assist researchers wishing to implement the slider task.real effort task, slider task, design of laboratory experiments, learning and time effects, Individual heterogeneity
A history of Newfoundland from the English, colonial, and foreign records
No full text"Third edition, with additions by James R. Thorns and F. Burnham Gill, bringing the record to 1907 and enclosing a brief biography of Daniel Woodley Prowse" (title page). Published in 1971, this book follows what are believed to be Prowse's ideas for a 3rd edition which was not completed in his time (Preface). -- Prowse's History of Newfoundland (1895) remains to this day the most famous account of the colony's history. Mixing detailed primary source research with his own extensive collection of anecdotes, Prowse presents the story of Newfoundland chronologically by reigning British monarch and with an eye to the influence its development had on England. The overriding theme is the march of progress, that Newfoundland had overcome its problems and was bound for inevitable prosperity. -- This edition is similar to the 2nd, in that it omits the bibliography, index and many of the illustrations included in the 1895 edition, as well as the chapters on Saint Pierre and Miquelon, the history of Labrador, the railway, the telegraph and the Fisheries Commission. The supplement on church history is also gone. Appended to the new text is an extensive collection of correspondence detailing Prowse's unsuccessful efforts to bring the 3rd edition to fruition.Limited edition of 191 copies
The economics of the private equity market
No full textThe private equity market is an important source of funds for start-ups, private middle-market companies, firms in financial distress, and public firms seeking buyout financing. Over the past fifteen years, it has been the fastest growing corporate finance market, far surpassing the public equity and public and private bond markets. In this article, Stephen Prowse examines the economic foundations of the private equity market and describes its institutional structure. He also explores reasons for the market's explosive growth and highlights the main characteristics of that growth, including data on returns to private equity investors. He describes the important investors, intermediaries, and issuers in the market and their interactions with each other. In particular, he investigates how the major intermediary in the market--the limited partnership--addresses the severe information problems associated with investing in small private firms.Capital market ; Financial markets ; Venture capital
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