scholarly journals Is There Shareholder Expropriation in the United States? An Analysis of Publicly Traded Subsidiaries

2010 ◽  
Vol 45 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Vladimir Atanasov ◽  
Audra Boone ◽  
David Haushalter

AbstractThis paper examines the relation between the performance and valuations of publicly traded subsidiaries in the United States and the ownership stake of their parent companies. Cross-sectional and time-series tests demonstrate that subsidiaries of parents that own a substantial minority stake exhibit negative peer-adjusted operating performance and are valued at a 23% median discount relative to peers. In contrast, majority-owned and fully divested subsidiaries show no abnormal performance or valuations. The results of our study indicate that the association between parent ownership and subsidiary performance is nonlinear and that some parents behave opportunistically toward their publicly traded subsidiaries.

Criminology ◽  
2009 ◽  
Vol 47 (3) ◽  
pp. 889-928 ◽  
Author(s):  
JACOB I. STOWELL ◽  
STEVEN F. MESSNER ◽  
KELLY F. MCGEEVER ◽  
LAWRENCE E. RAFFALOVICH

1981 ◽  
Vol 27 (2) ◽  
pp. 206-212 ◽  
Author(s):  
Lee H. Bowker

A recent article by David Biles reported a positive relationship between crime and imprisonment, using cross-sectional data from the United States, Australia, and Canada. This article extends his analysis, using two sets of time series data on crime and imprisonment rates for the United States as a whole. The unlagged correlations between the crime and imprisonment rates for 1941-57 and 1958-78 are not statistically signifi cant, but one of six lagged correlations from 1958-78 is significant, as are four of six from 1941-57. The inconsistency in correlation provides little guidance for the development of correctional policy. Considering these findings, William Nagel's support for a moratorium on prison construction takes on the color of a reasonable, and perhaps even conservative, reading of available policy and management data rather than a radical proposition for change.


2017 ◽  
Vol 135 (2) ◽  
pp. 150-156 ◽  
Author(s):  
Alexander Abuabara ◽  
Allan Abuabara ◽  
Carin Albino Luçolli Tonchuk

ABSTRACT CONTEXT AND OBJECTIVE: The World Health Organization recognizes suicide as a public health priority. Increased knowledge of suicide risk factors is needed in order to be able to adopt effective prevention strategies. The aim of this study was to analyze and compare the association between the Gini coefficient (which is used to measure inequality) and suicide death rates over a 14-year period (2000-2013) in Brazil and in the United States (US). The hypothesis put forward was that reduction of income inequality is accompanied by reduction of suicide rates. DESIGN AND SETTING: Descriptive cross-sectional time-series study in Brazil and in the US. METHODS: Population, death and suicide death data were extracted from the DATASUS database in Brazil and from the National Center for Health Statistics in the US. Gini coefficient data were obtained from the World Development Indicators. Time series analysis was performed on Brazilian and American official data regarding the number of deaths caused by suicide between 2000 and 2013 and the Gini coefficients of the two countries. The suicide trends were examined and compared. RESULTS: Brazil and the US present converging Gini coefficients, mainly due to reduction of inequality in Brazil over the last decade. However, suicide rates are not converging as hypothesized, but are in fact rising in both countries. CONCLUSION: The hypothesis that reduction of income inequality is accompanied by reduction of suicide rates was not verified.


Author(s):  
Ravindra R. Kamath ◽  
Heidi Hylton Meier ◽  
S. R. Rao

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.6in 0pt 0.5in;"><span style="font-family: Times New Roman; font-size: x-small;">Named chairs in the academic field of marketing are examined for ten years providing time series and cross-sectional analysis to determine a profile of their personal characteristics and their schools.</span></p>


Author(s):  
Julia P. Schleimer ◽  
Christopher D. McCort ◽  
Veronica A. Pear ◽  
Aaron Shev ◽  
Elizabeth Tomsich ◽  
...  

ABSTRACTImportanceFirearm violence is a significant public health and safety problem in the United States. A surge in firearm purchases following the onset of the coronavirus pandemic may increase rates of firearm violence.ObjectiveTo estimate the association between changes in firearm purchasing and interpersonal firearm violence during the coronavirus pandemic.DesignCross-sectional time series study. We estimate the difference between observed rates of firearm purchases and those predicted by seasonal autoregressive integrated moving average models. Using negative binomial models, we then estimate the association between excess firearm purchases and rates of interpersonal firearm violence within states, controlling for confounders.SettingThe 48 contiguous states and the District of Columbia. Hawaii and Alaska are excluded due to missing or incomplete data.ExposureThe difference between observed and expected rates of firearm purchases in March through May 2020, approximated by National Instant Criminal Background Check System records.Main Outcome and MeasureFatal and nonfatal injuries from interpersonal firearm violence, recorded in the Gun Violence Archive.ResultsWe estimate that there were 2.1 million excess firearm purchases from March through May 2020—a 64.3% increase over expected volume, and an increase of 644.4 excess purchases per 100,000 population. We estimate a relative rate of death and injury from firearm violence of 1.015 (95% Confidence Interval (CI): 1.005 to 1.025) for every 100 excess purchases per 100,000, in models that incorporate variation in purchasing across states and control for effects of the pandemic common to all states. This reflects an increase of 776 fatal and nonfatal injuries (95% CI: 216 to 1,335) over the number expected had no increase in purchasing occurred.Conclusions and RelevanceWe find a significant increase in firearm violence in the United States associated with the coronavirus pandemic-related surge in firearm purchasing. Our findings are consistent with existing research. Firearm violence prevention strategies may be particularly important during the pandemic.KEY POINTSQuestionIs the coronavirus-related surge in firearm purchasing associated with changes in rates of interpersonal firearm violence?FindingsThis cross-sectional time series study suggests the recent increase in firearm purchases—an estimated 2.1 million excess purchases nationally between March and May 2020—is associated with a statistically significant increase in firearm violence. We estimate an increase of 776 fatal and nonfatal injuries (95% CI: 216 to 1,335) in the US over the number expected for those months had there been no increase in purchasing.MeaningDuring the coronavirus pandemic, an acute increase in firearm access is associated with an increase in firearm violence.


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