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Leaving the corporate fold: examining spin-off actions and performanceSemadeni, Matthew Briggs 30 September 2004 (has links)
This research examines the exit of a subsidiary from its corporate parent through spin-off, the actions taken by the firm management post spin-off, and the performance implications of those actions, all from the spin-off's perspective. While spin-off announcements are generally met with a positive stock market reaction, what occurs post spin-off remains largely unexamined, with performance predictions regarding spin-off firms often being equivocal. This raises questions as to what generates positive performance for spin-off firms, with agency, transaction cost, and upper echelons theories offering differing, and sometimes conflicting, predictions. By integrating these theoretical perspectives, a model of managerial action and its performance implications is presented. The model examines how the formation of new top management, the establishment of managerial monitoring and incentives, and the severance effects from leaving the corporate structure affect strategic, financial, and institutional actions, and how these actions affect performance.
The theory and hypotheses developed in this research are empirically tested on a sample of 176 corporate spin-offs completed by publicly traded firms between 1986 and 1997. Results for the action-based models indicate that background of the CEO or the TMT, as well as CEO options, had no effect on actions. CEO and TMT ownership had opposite effects on financial actions, with TMT ownership increasing the likelihood of strategic actions and CEO ownership increasing the likelihood of institutional actions. Ownership by the parent firm and monitoring by officers of the parent serving as board members had no effect on the likelihood of actions, although having a chairman of the board from the parent decreased the likelihood of strategic actions. Finally, severance effects had limited influence on the actions taken post spin-off.
Results for the performance-based models indicate that strategic actions were negatively related to ROA, while financial and institutional actions are positively related to ROA and institutional actions are positively related to market performance. In general, inaction was related to lower Tobin's q, with the signs of the coefficients for the other performance models negative, but not significant. Finally, the spin-off firm's relationship with its corporate parent had limited effect on the link between actions and performance.
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Return on diversity : a study on how diversity in board of directors and top management teams affects firm performancePohjanen, Becky, Bengtsson, Douglas January 2010 (has links)
Today, gender quotation in the Board of Directors has become an important political question that is being discussed not only in Sweden but in several other countries as well. However, research on gender diversity and, for that matter, other forms of diversity in the corporate world is not something new. Diversity in Board of Directors and Top Management Teams and how it affects firm performance have been the topic of many researches the last two decades. Nevertheless, there are still many unanswered questions in this field that need to be answered. The purpose of this dissertation is to study how diversity in BoDs and TMTs affect firm performance. We used five different diversity variables, tenure, age, education, nationality and gender in our research and we tested them separately to see how they each affect firm performance. Because there is limited previous research conducted on diversity in Sweden and on Swedish firms, this dissertation attempts to fill that gap. This study is conducted on Swedish firms that are listed on large cap on Stockholm stock exchange. We used several ways to measure the five different diversity variables in both BoDs and TMTs. Firm performance was measured by using two well established measurements, Return on Equity and Return on Assets. We developed ten hypotheses to test how diversity affects firm performance; some diversity variables had positive effect on firm performance, while others had negative effect. The hypotheses are based on earlier research. There are mixed results from our study; seven out of ten hypotheses had to be rejected due to insignificant relationship between diversity and firm performance. Three hypotheses were rejected, even though they showed a significant relationship between diversity and firm performance, because the relationship was the opposite of our hypotheses. One reason for these results can be that there is low diversity in both BoDs and TMTs, and this makes it difficult to measure and establish a relationship between diversity and firm performance.
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Search for Heavy Resonances Decaying to Top Quark Pairs in the Boosted All-Hadronic Decay ChannelFarooque, Trisha 05 March 2014 (has links)
Many theories of physics beyond the Standard Model predict the existence of TeV-scale resonances that decay to top quark pairs. This thesis presents a search for such resonances produced in proton-proton collisions at a centre-of-mass energy of 7 TeV at the CERN Large Hadron Collider with 4.7 fb−1 of data collected by the ATLAS detector in 2011. The search is performed in the channel where both top quarks decay hadronically and emerge in highly boosted states, and the collimated decay products of each boosted top quark are reconstructed as a single large jet (a “top quark jet”). A tagging technique based on the distinctive masses and substructures of these top quark jets is used to distinguish them from light quark and gluon jets. The data are found to be consistent with Standard Model predictions, and 95% credibility level upper limits are set on the cross section times branching ratio for leptophobic Z' bosons in a Topcolour model and Kaluza-Klein gluons as predicted by the bulk Randall-Sundrum model. These limits exclude Kaluza-Klein gluons with masses between 1.02 TeV and 1.62 TeV. The substructure of light quark and gluon jets, which form the dominant background to hadronically decaying boosted top quarks, is studied in an auxiliary measurement using 35 pb−1 of data collected by ATLAS during the 2010 run period. The observed substructure of these jets are found to be in good agreement with theoretical predictions.
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Search for Heavy Resonances Decaying to Top Quark Pairs in the Boosted All-Hadronic Decay ChannelFarooque, Trisha 05 March 2014 (has links)
Many theories of physics beyond the Standard Model predict the existence of TeV-scale resonances that decay to top quark pairs. This thesis presents a search for such resonances produced in proton-proton collisions at a centre-of-mass energy of 7 TeV at the CERN Large Hadron Collider with 4.7 fb−1 of data collected by the ATLAS detector in 2011. The search is performed in the channel where both top quarks decay hadronically and emerge in highly boosted states, and the collimated decay products of each boosted top quark are reconstructed as a single large jet (a “top quark jet”). A tagging technique based on the distinctive masses and substructures of these top quark jets is used to distinguish them from light quark and gluon jets. The data are found to be consistent with Standard Model predictions, and 95% credibility level upper limits are set on the cross section times branching ratio for leptophobic Z' bosons in a Topcolour model and Kaluza-Klein gluons as predicted by the bulk Randall-Sundrum model. These limits exclude Kaluza-Klein gluons with masses between 1.02 TeV and 1.62 TeV. The substructure of light quark and gluon jets, which form the dominant background to hadronically decaying boosted top quarks, is studied in an auxiliary measurement using 35 pb−1 of data collected by ATLAS during the 2010 run period. The observed substructure of these jets are found to be in good agreement with theoretical predictions.
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Techniques avancées pour l'optimisation de requêtes de services WebBenouaret, Karim 09 October 2012 (has links) (PDF)
De nos jours, nous assistons à l'émigration du Web de données vers le Web orienté services. L'amélioration des capacités et fonctionnalités des moteurs actuels de recherche sur le Web, par des techniques efficaces de recherche et de sélection de services, devient de plus en plus importante. Dans cette thèse, dans un premier temps, nous proposons un cadre de composition de services Web en tenant compte des préférences utilisateurs. Le modèle fondé sur la théorie des ensembles flous est utilisé pour représenter les préférences. L'approche proposée est basée sur une version étendue du principe d'optimalité de Pareto. Ainsi, la notion des top-k compositions est introduite pour répondre à des requêtes utilisateurs de nature complexe. Afin d'améliorer la qualité de l'ensemble des compositions retournées, un second filtre est appliqué à cet ensemble en utilisant le critère de diversité. Dans un second temps, nous avons considéré le problème de la sélection des services Web en présence de préférences émanant de plusieurs utilisateurs. Une nouvelle variante, appelée Skyline de services à majorité, du Skyline de services traditionnel est défini. Ce qui permet aux utilisateurs de prendre une décision " démocratique " conduisant aux services les plus appropriés. Un autre type de Skyline de services est également discuté dans cette thèse. Il s'agit d'un Skyline de Services de nature graduelle et se fonde sur une relation de dominance floue. Comme résultat, les services Web présentant un meilleur compromis entre les paramètres QoS sont retenus, alors que les services Web ayant un mauvais compromis entre les QoS sont exclus. Finalement, nous avons aussi absorbé le cas où les QoS décrivant les services Web sont entachés d'incertitude. La théorie des possibilités est utilisée comme modèle de l'incertain. Ainsi, un Skyline de Services possibilité est proposé pour permettre à l'utilisateur de sélectionner les services Web désirés en présence de QoS incertains. De riches expérimentations ont été conduites afin d'évaluer et de valider toutes les approches proposées dans cette thèse.
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Top-Contact Lateral Organic Photodetectors for Deep Ultraviolet ApplicationsBorel, Thomas 20 August 2013 (has links)
Organic semiconductors are very attractive for thin film Organic Photodetectors (OPDs) since they possess a number of desirable attributes for optical sensing including high absorption coefficients over visible and ultraviolet wavelengths and compatibility with large-area deposition processes such as ink-jet, screen printing, and solution processing.
OPDs, in general, utilize a vertical device architecture where the photoactive organic semiconductor layers are sandwiched between top and bottom electrodes that provide electrical contact. More recently, an interest in utilizing a lateral device architecture instead of the vertical one, has emerged. In this architecture, the two contacts are positioned on the two sides of the photoactive material with respect to the direction of the incoming signal, separated by a small gap. However, the factors governing lateral OPDs’ photo-response are still not well understood.
In this thesis, we fabricate top-contact lateral OPDs using a thermal evaporation only fabrication process. We study the factors governing both the dark and photo currents of lateral OPDs. The effect of the wide gap between the two electrodes on the current-voltage characteristics is discussed and the role of space charge limited conduction is investigated. The contributions in the photoresponse of light scattering through the active layers as well as the back reflection of light at the metallic contacts are emphasized.
The reproducibility over repeated operation cycles of both dark and photo currents values is explored. Exposure to light of the lateral OPD is found to lead to a significant increase in the dark current. The role of the conductivity enhancement in the channel due to light-induced trap filling is investigated.
External quantum efficiency and detectivity estimates are given for deep ultraviolet lateral (DUV) OPDs. A comparison with vertical DUV OPDs performances is provided.
Finally, the use of a phosphorescent sensitizer doped in the absorbing bottom layer to improve top-contact lateral OPDs efficiency is discussed.
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River dolphins as indicators of ecosystem degradation in large tropical riversGómez-Salazar, Catalina 23 February 2012 (has links)
Freshwater ecosystem degradation in the Amazon and Orinoco river basins is increasing due to rising human population numbers, and large water development projects. Therefore, monitoring ecosystem condition in these rivers of high biodiversity is of global conservation importance. This dissertation evaluated the potential of using river dolphins as indicators of ecosystem condition in large tropical rivers of South America. First, population estimates of river dolphins were obtained by line-strip transect surveys and mark-recapture methods on photo-identifications. Using this information, I identified critical habitat, hotspots, and areas of concern for river dolphins, as well as the relationship between dolphin density and group size estimates with ecological features. Second, I evaluated the relationship between dolphin estimates and human stressors. Higher densities of dolphins occurred in rivers with low indices of overall freshwater degradation, such as rivers with high water quality and the lowest human population numbers. Thus, dolphin density estimates seem to be good indicators of freshwater ecosystem degradation in the Amazon and Orinoco basins. These top predators not only are indicator species, but also have the potential to act as flagship and sentinel species, indicating freshwater ecosystem degradation and stimulating conservation action. This dissertation highlights the large changes in the Amazon and Orinoco that are approaching fast. Indicator, flagship and sentinel species can become science-based conservation tools not to only document freshwater ecosystem degradation, but to raise awareness about broader implications of human stressors on biodiversity and river systems.
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How newly appointed chief information officers take charge : exploring the dynamics of leader socializationGerth, Anthony B. 06 1900 (has links)
The transition for any executive into a new appointment is a challenge. This transition for the newly appointed Chief Information Officer (CIO) is especially challenging given the complexity and ambiguous nature of their role. Investment in information technology (IT) has steadily increased over the past twenty years and contributes to enabling business changes that drive organizational performance improvements. The role of the Chief Information Officer (CIO) has evolved into an executive who holds significant responsibility for leading the organization in realizing these investment benefits. Therefore unsuccessful CIO transitions can negatively impact the extent to which the organization’s IT benefits are fully realized.
This research has one objective: to increase our understanding of the process of taking charge for the newly appointed Chief Information Officer (CIO). This increased understanding contributes to academic research as well as provides insights to practicing CIOs that will increase their probability of successfully taking charge of a new appointment.
The project explores this phenomenon in depth from both the CIO’s and non-IT executive’s (CxO) perspective through semi-structured interviews with 43 executives. Participants included twenty-one Chief Information Officers and twenty-two C-suite, non-IT executives.
The study integrates concepts from role theory and leader socialization with CIO leadership challenges. Findings indicate that the newly appointed CIO experiences a mutual adjustment process when they take charge. This adjustment occurs within their role set; the IT leadership team, the Chief Executive Officer (CEO) and the other top management team members (CxOs).
The data suggests that CIOs experience three overlapping phases of taking charge; Entry, Stabilization and Renewal. These phases result in confidence, credibility and legitimacy as a new leader in the organization. The data further reveals that the type of transition (Start-up, Turnaround, Realignment or Success-sustaining) encountered by the CIO is a significant influence on the taking charge process.
CIO socialization is influenced heavily by their role set and the expectations within it. CIOs will encounter CxO peers with varying preferences on interaction style and focus. In addition the CxOs in the study identified three different views of CIOs that reinforce the role ambiguity for the newly appointed CIO.
The study reveals that CIOs experience organizational socialization in two domains of leadership. These domains are supply-side and demand-side leadership. The data suggests that supply-side socialization occurs prior to demand-side socialization. These socialization outcomes are dependent on transition type.
This research extends previous work done on CIO transitions by identifying phases, activities and outcomes. An additional contribution is the first empirical model of new CIO socialization. Leader socialization research is enhanced with the study of a non-CEO executive. This model contributes a deeper understanding of the mutual adjustment process experienced by a newly appointed CIO.
Practicing CIOs can apply these findings in developing transition plans and actions for taking a new appointment. The CxO types and attitudes can inform the newly appointed CIO on customizing their relationship building approaches. Understanding that taking charge requires 2-3 years can lead to more realistic expectations of the executive. The findings of this study can lead CIOs to a higher probability of success in taking charge of a new appointment.
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Numerical Model of a Tensioner System and Flex JointHuang, Han 16 December 2013 (has links)
Top Tensioned Riser (TTR) and Steel Catenary Riser (SCR) are often used in a floating oil/gas production system deployed in deep water for oil transport. This study focuses on the improvements to the existing numerical code, known as CABLE3D, to allow for static and dynamic simulation of a TTR connected to a floating structure through a tensioner system or buoyancy can, and a SCR connected to a floating structure through a flex joint. A tensioner system usually consists of three to four cylindrical tensioners. Although the stiffness of individual tensioner is assumed to be linear, the resultant stiffness of a tensioner system may be nonlinear. The vertical friction at a riser guide is neglected assuming a roller is installed there. Near the water surface, a TTR is forced to move due to the motion of the upper deck of a floating structure as well as related riser guides. Using the up-dated CABLE3D, the dynamic simulation of TTRs will be made to reveal their motion, tension, and bending moment, which is important for the design. A flex joint is approximated by a rotational spring with linear stiffness, which is used as a connection between a SCR and a floating structure or a connection between a TTR and the sea floor. The improved CABLE3D will be integrated into a numerical code, known as COUPLE, for the simulation of the dynamic interaction among the hull of a floating structure, such as SPAR or TLP, its mooring system and riser system under the impact of wind, current and waves. To demonstrate the application of the improved CABLE3D and its integration with COUPLE, the related simulation is made for ‘Constitution’ SPAR under the met-ocean conditions of hurricane ‘Ike’. The mooring system of the Spar consists of nine mooring lines and the riser system consists of six TTRs and two SCRs.
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Efficient and Reliable In-Network Query Processing in Wireless Sensor NetworksMalhotra, Baljeet Singh Unknown Date
No description available.
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