Proefschrift--Economische wetenschappen--Amsterdam, 1980. / Résumé en anglais. Notes bibliogr. Index.

This paper examines shareholder disapproval of CEO compensation as expressed through their advisory vote on executive compensation (say-on-pay) as required by Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Using a sample of 884 votes by S&P 500 firms in 2011 and 2012, I find that higher CEO salary, a weak link between pay and performance, and higher dilution from stock option grants are associated with lower say-on-pay approval. In addition, I find evidence that shareholders are sophisticated in their examination of CEO compensation by voting against excess compensation over what is deserved due to performance and other determining factors.

Texte remanié de: Thèse de doctorat--Sciences économiques--Nice, 2001. Titre de soutenance : L'analyse de la gestion des entreprises chez Jean-Baptiste Say : contenu et postérité intellectuelle. / Contient des notices biographiques de Jean-Baptiste Say, 1767-1832, Adolphe Blanqui, 1798-1854, Charles Dunoyer, 1786-1862, Jean-Gustave Courcelle-Seneuil, 1813-1892 et Paul Leroy-Beaulieu, 1843-1916. Bibliogr. p. 173-182. Index.

abstract: Composer James DeMars has found a unique voice in the poetry of Alberto "Tito" Rios. The imagery combines memories and experiences of life on the Mexican/American border with scenes of love at various stages of life. The purpose of this study is to examine the structure, artistry and contemporary significance of Tito's Say, a cantata for soprano and baritone soloists, chorus, and orchestra by James DeMars with text by Alberto Rios, and to gain understanding of its inception, creation, composition, and subsequent performances. Description will be given in detail to increase familiarity with the work among choral musicians. Within this document, the reader will learn from personal interviews about James DeMars and Alberto Rios, focusing on their influences and experiences, including the circumstances leading up to the creation of Tito's Say. Furthermore, the reader will discover why the work was composed and how the collaboration came to be, details about its premiere, subsequent performances, and varying versions of this composition. A descriptive exploration and analysis of the text, its musical treatment, as well as an analysis of each of the five movements of the work are included herein, focusing on harmony, form, and style. Last, the author seeks to address stylistic and formal traits that unify the work, and performance considerations and challenges for the choir and for the orchestra. Appendices include available reviews, more extended biographies of both the composer and the poet compiled from interviews, and a works list of DeMars's compositions. / Dissertation/Thesis / D.M.A. Music 2012

This study investigates how the adoption of say-on-pay (SoP) regulation impacts the propensity and profitability of merger and acquisitions (M&A) activities with a sample of S&P 1500 firms (2005 – 2016). We examine both (a) macro-economic effect induced by the adoption of S&P regulation in 2011, impacting all firms across the board, and (b) firm-level effect due to variation in SoP voting approval percentage in different firms. We propose and examine two relevant hypotheses: (i) ‘SoP governance’ hypothesis – to explain the impact of SoP rule adoption, and (ii) ‘reliable CEO’ hypothesis – to explain the impact of SoP voting approval percentage. ‘SoP governance’ hypothesis predicts that in the post-SoP period, CEOs will be more cautious in pursuing M&A deals – which have a high risk of failure. This should lead to a lower probability of acquisition and better acquisition performance. On the other hand, ‘reliable CEO’ hypothesis proposes that CEOs with higher SoP voting approval percentage, enjoy more shareholder confidence and are encouraged to take risky ventures to increase shareholders wealth. This should lead to a higher probability of acquisition, with better acquisition performance. Our results find partial support for ‘SoP governance’ hypothesis – that SoP rule adoption is associated with a lower probability of acquisition but does not have any significant association with acquisition performance. While examining the effect of SoP voting approval percentage, we further find support for ‘reliable CEO’ hypothesis. Our results show that SoP voting approval percentage has a significant and positive association with acquisition probability and acquisition performance. Finally, we find that SoP voting results do not have any significant moderating effect on the relationship between (i) CEO incentive pay and M&A decisions, and (ii) CEO pay slice and M&A decisions.

This study examines the effectiveness of Say on Pay (SoP) regulation as a corporate governance mechanism in the context of M&A deals. Using a large sample of U.S. firms over the 2005-2017 period, this study finds that, in the post-SoP period, overall CEO pay growth rate declines and CEO pay to acquisition performance sensitivity improves following M&A activities. This supports ‘SoP governance’ hypothesis, which proposes that SoP regulation will restrict CEOs self-fulfilling behaviour. In a macro-economic set-up, the introduction of SoP regulation was intended to discipline top managers by giving shareholders an opportunity to express their opinion on CEO compensation. It was therefore expected that, in the post SoP-era, CEOs will experience a lower growth in their pay package following M&A deals. On the other hand, the relation between SOP voting approval rates and CEO compensation following M&A activities is unidirectional. Irrespective of the performance of M&A deals, it is observed that CEOs with higher shareholder voting approval experience a significant positive change in their compensation level after an M&A deal. We term this as a ‘reliable CEO’ hypothesis. According to the ‘reliable CEO hypothesis, a very high voting percentage may legitimize CEOs action and embolden CEOs to carry out more risky ventures such as M&As. Since there is an established relation between risk and return, shareholders would like CEOs to take appropriate risks to increase firm value. A reliable CEO, who enjoys a high degree of shareholders’ support, should not be penalized for taking more risky ventures that are intended to increase shareholders’ wealth. Our results confirm this viewpoint.

No description available.

Say Yes Quickly is a manuscript of poetry.

Establishing effective language intervention for those who struggle to acquire it early on has received significant attention from researchers within the field of behavior analysis. The procedures of the present study were adapted from Spurgin' thesis research from 2021, in which a stimulus specific consequence was used during teaching after participants made correct responses. In this case, the stimulus specific consequence was a label for a picture that participants were required to point to during teaching trials. When participants pointed to the correct card, the researcher would label the card and deliver a small wooden block which the participants were told they were working for. In the hear-say procedures, participants were taught one set of cards and instructed to echo the researchers' labels. In the see-say participants were taught a second set of cards and instructed to "beat' the researcher to saying the word. After all cards were taught, were tested with a non-vocal receptive identification test. Immediately following this, participants were tested with a vocal expressive identification test. An extended teaching was included to determine the effects of additional practice within each condition. Results indicated that the participants were able to require some receptive and expressive language but targets often did not correspond. In many instances, receptive mastery did not necessarily lead to expressive mastery or vice versa. Results also indicated that additional practice improved receptive scores but had little impact on expressive scores. Implication for teaching learners with autism as well as typical adults is discussed.

This study investigated effects of monitoring on correspondence between nonverbal responding and verbal descriptions of those contingencies, when verbal descriptions and contingencies were compatible and when incompatible. In the Nonverbal Component, the contingency for key pressing was either on a 0.8 s IRT or a 3.4 s IRT. In the Verbal Component, subjects made responses to a statement about the contingency for reinforcement in the Nonverbal Component. Shaping was used to establish targets of 0.8 s and 3.4 s in this component. Results indicated that across 7/8 opportunities subjects exhibited nonverbal and verbal behavior that was sensitive to their respective contingencies regardless of compatibility. This sensitivity to contingencies was not affected by the presence of a monitor.