To what extent do bond market reactions to an unexpected deficit shock depend on state-specific politics? To answer this question, we calculate German state bond spreads over government benchmark paper using information from Datastream for the period 2006-2010. We test for a variety of institutional and political factors. We find evidence that investors base risk perceptions on state specific e...

Nucleotide residues in E. coli tRNA(Phe) interacting directly with proteins in pre- and posttranslocated ribosomal complexes have been identified by UV-induced cross-linking. In the tRNA(Phe) molecule located in the Ab-site (pretranslocated complex) residues A9, G18, A26 and U59 are cross-linked with proteins S10, L27, S7 and L2, respectively. In tRNA(Phe) located in the Pt-site (posttranslocat...

The genotype × environment interaction has a direct effect on genotypes stability and adaptability in different environmental conditions . In this sense, plant breeders look for genotypes that have general adaptability, or they look for genotypes that have specific adaptability for specific environments. In this regard, 20 chickpea genotypes were used in a randomized complete block design with ...

Developing high yielding and stable genotypes for wide and specific adaptation is important in wheat (Triticum aestivum L.) production. The objective of this study was to exploit the gains from genotype by environment interaction for increased bread wheat production in eastern Africa. Thirty-three advanced bread wheat lines, along with two check varieties (Danda’a and Hidasse) were evaluated at...

SUMMARY This article summarizes Knechel, Thomas, and Driskill (2020), conceptualizing financial auditing as an economic service. In contrast to the production of tangible goods, a central characteristic services is substantial customer/client participation in process. Financial intensive collaborative network service due multiple parties involved consumption resulting output. introduces signifi...

SYNOPSIS We examine the effectiveness of corporate governance in influencing insider trading around private in-house meetings (hereafter “private meetings”) between management and investors China. Consistent with better curbing (1) disclosure nonpublic price-sensitive information (2) trading, we find that quality is associated reduced frequency, value, profitability meetings. Firms appear to ex...

Sürdürülebilir kalkınma hedefine ulaşma sürecinde, ülkelerin kendi konjonktürlerine dayalı olarak yatırım odaklı sektörlere entegre edeceği çevre tabanlı enstrümanlar kilit önem taşımaktadır. Yatırım sektörler arasında yer alan ulaşım gerek faaliyet, kullanımı ele alındığında, diğer sektörlerin işleyişi ve verimliliği üzerinde önemli bir etki oluşturduğu görülmektedir. Bu nedenle, sektörüne yön...

I construct the life-cycle model with equilibrium default and preferences featuring temptation and self-control. The model provides quantitatively similar answers to positive questions such as the causes of the observed rise in debt and bankruptcies and macroeconomic implications of the 2005 bankruptcy reform, as the standard model without temptation. However, the temptation model provides cont...

The paper analyses the determinants of dividend payments and tests the hypothesis that companies pay dividends at the expense of investing in research and development (R&D). The evidence suggests that four fundamental factors – size, growth, profitability and risk – determine the decision to pay dividends but also to invest in R&D. Consistent with previous evidence, the average R&D intensity of...