New Evidence of Household Investment Behavior

We set out in this study to examine the relationship between managerial optimism and corporate investment, and demonstrate that firms with valuable investment opportunities tend to invest less than the optimal level; the classic problem of underinvestment. On the other hand, however, firms which do not have valuable investment opportunities often tend to invest more than the optimum level; a problem of overinvestment. We present evidence on the relationship between such investment behavior and managerial optimism. Within those firms that do not have valuable investment opportunities, overinvestment is more likely to occur amongst optimistic managers than non-optimistic managers; conversely, for those firms with valuable investment opportunities, underinvestment is less likely amongst optimistic managers than non-optimistic managers.

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Founder-Controlled Firms and R&D Investments: New Evidence From Canada

Family Business Review ◽

10.1177/0894486518793237 ◽

2018 ◽

Vol 32 (1) ◽

pp. 76-96 ◽

Cited By ~ 5

Author(s):

Yves Bozec ◽

Jackie Di Vito

Keyword(s):

Voting Rights ◽

Investment Behavior ◽

Listed Firms ◽

S Model ◽

New Evidence ◽

D Investment ◽

Ability And Willingness ◽

Sufficiency Conditions

Our study investigates the R&D investment behavior of founder-controlled Canadian listed firms. We use De Massis et al.’s model of the sufficiency conditions of ability and willingness and adapt it to predict investments in R&D. As founder-controlled firms are heterogeneous in nature, we distinguish four categories: lone founder firms and family founder firms with and without excess voting rights. In line with our predictions, we find that only lone founder firms without excess voting rights have both the ability and the willingness to invest in R&D and so they invest more in R&D than their counterparts.

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Systematic effects in observed parallaxes

International Astronomical Union Colloquium ◽

10.1017/s0252921100073887 ◽

1978 ◽

Vol 48 ◽

pp. 31-35

Author(s):

R. B. Hanson

Keyword(s):

Error Estimates ◽

Zero Point ◽

Absolute Zero ◽

Apparent Magnitude ◽

Coherent System ◽

Preliminary Results ◽

General Catalogue ◽

Systematic Effects ◽

New Evidence ◽

Right Ascension

Several outstanding problems affecting the existing parallaxes should be resolved to form a coherent system for the new General Catalogue proposed by van Altena, as well as to improve luminosity calibrations and other parallax applications. Lutz has reviewed several of these problems, such as: (A) systematic differences between observatories, (B) external error estimates, (C) the absolute zero point, and (D) systematic observational effects (in right ascension, declination, apparent magnitude, etc.). Here we explore the use of cluster and spectroscopic parallaxes, and the distributions of observed parallaxes, to bring new evidence to bear on these classic problems. Several preliminary results have been obtained.

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MERLIN Finds New Evidence of Ranolazine Safety

Internal Medicine News ◽

10.1016/s1097-8690(07)70525-5 ◽

2007 ◽

Vol 40 (9) ◽

pp. 36

Author(s):

BRUCE JANCIN

Keyword(s):

New Evidence

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Vaccination for travellers – new evidence and recommendations

Therapeutische Umschau ◽

10.1024/0040-5930.58.6.362 ◽

2001 ◽

Vol 58 (6) ◽

pp. 362-366 ◽

Cited By ~ 2

Author(s):

Matius P. Stürchler ◽

R. P. Steffen

Keyword(s):

Hepatitis B ◽

Hepatitis A ◽

New Evidence

Impfungen sind einfache und effektive Maßnahmen zur Verhinderung von Reisekrankheiten. Compliance-Probleme sind gering, da alle Impfungen noch vor Abreise verabreicht werden und bei manchen Impfungen nur eine Dosis für den zuverlässigen Schutz nötig ist. Für jeden Reisenden sind die Hepatitis A- und die Diphtherie-Tetanus-Impfung empfohlen, für Asien und Afrika auch die Polioimpfung. Bei Reisen >30 Tagen, jüngeren Personen und Reisenden mit Risikoverhalten sollte immer auch eine Hepatitis B-Impfung, eventuell als Kombination mit Hepatitis A in Betracht gezogen werden. Je nach Reisestil, -destination und -dauer können auch weitere Impfungen wie z.B. die Typhus-, Tollwut-, Zeckenenzephalitis-, Grippe-, Masern-Mumps-Röteln-, Gelbfieber-, Meningokokkenmeningitis- und die Japanische Enzephalitis-Impfung in Frage kommen. Mehrere Impfungen können gleichzeitig verabreicht werden – eine Staffelung ist nicht nötig. i BAG Supplementum VI, Stand Juli 2000 «Impfungen für Auslandreisende»; http://www.admin.ch/bag/infekt/prev/reisemed/index.htm; Safetravel http://www.safetravel.ch; Tropimed

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