This paper studies the relation between the premiums in takeover bids involving exchange-listed target firms from 1975-91 and the pre-announcement stock price runups. The evidence shows that the pre-bid runup and the postannouncement increase in the target’s stock price (the Amarkup@) are generally uncorrelated. With little substitution between the runup and the markup, the runup is an added co...

Developments in surgical technology and procedure have accelerated and altered the work carried out in the operating theatre/room, but team modelling and training have not co-evolved. Evidence suggests that team structure and role allocation are sometimes unclear and contentious, and coordination and communication are not fully effective. To improve teamwork, clinicians need models that specify...

This paper considers the impact of skill-based immigration restrictions, using the Chinese Exclusion Act as a natural experiment. I find that restrictions reduced the average occupational standing of Chinese immigrants, suggesting substitution between observed and unobserved skills. Conversely, children of restricted immigrants have greater human capital than those of unrestricted immigrants, d...

This paper provides new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953-2003), for the industrial sector (1978-2003) and for the manufacturing sector (1985-2003). The estimates for industry and manufacturing are broken down by thirty regions. The main contribution of this paperlies in constructing hitherto unvailable estimates of capital inputs...

Using the Dow Jones Industrial Average Index record breaking days as a proxy for market wide attention, we show that as the aggregate stock market intensifies investor attention, stock market response to individual firms’ earnings announcements significantly increases. We hypothesize that there are many channels for the attention spill-over effect and document strong supportive evidence of one ...

This paper investigates the use of chat by Greek students. An appropriate questionnaire was developed. Among others, the questions attempted to identify the users’ preferences regarding chat rooms and discussion subjects, their expectations for advanced chat features, as well as the relation between chat and normal life. The questionnaire was

Introduction Due to rising health costs, hospitals are making efforts to assess and improve management efficiency. However, at present, Japanese hospitals rely on individual assessment methods. Due to the lack of a common method of assessment based on standardized data available from all hospitals meaningful comparisons cannot be conducted. The objectives of this study were to develop a method ...

Surgical education has always been challenging and is being made more difficult with the changes in the surgical environment. In the past decade, the number of patients available for educational purposes has decreased because of the development of technology that has significantly reduced their time of stay in the hospital and has also moved many surgical procedures to ambulatory services. Tech...