In a new world characterized by more frequent and rich flows of information, with more efficient and plenty of available external capital, how will the – simultaneous – investment and divestment decisions be affected? This book thoroughly covers the main features and relevance of asset sales as an integral component of many companies’ growth strategies in the current and continually evolving corporate finance eco-system. After an introductory section on the relevance of asset sales in corporations (both non-financial and financial), it discusses the corporate asset market and the mechanisms of asset sale transactions. The focus then turns to the theory of finance in asset sales (the efficiency and financing theory) and the extensive empirical literature now available. In light of recent and rapid technological and digital advances, a concluding section presents new perspectives on analyzing asset sales transactions. Chiefly intended as a primer for PhD students and academics, the book offers roadmaps for the empirical research landscape and suggests future research directions.
This book thoroughly explores the characteristics and importance of bank CEOs against the backdrop of growing awareness of the social implications of CEO behavior for the performance and stability of the financial and economic system. After an introductory section on the relevance of CEOs in the banking industry, the connections between the bank CEO labor market, contractual incentives, and compensation structures are examined. The focus then turns to empirical findings concerning the impact that bank CEO compensation has on various firm-level outcomes, such as bank performance and strategies. In addition, the relation between CEO turnover and changes in compensation policies since the financial crisis is discussed. A concluding section presents some fresh empirical evidence deriving from an up-to-date database of traits of CEOs operating in the largest European banks. For PhD students and academics, the surveys offer detailed roadmaps on the empirical research landscape and provide suggestions for future work. The writing style ensures that the content will be readily accessible to all industry practitioners.
This book of the Publishing House of Sapienza University outlines the operative experience of a great number of nuclear power plants and devices of the nuclear fuel cycle. With main reference to nuclear plants of the so called third generation (Ill or Ill+, i.e. advanced ones) of the European Union and of Euratom research Centres the prospects of future plants of fourth generation (IV, years 2050s) are also described. Large advancements have been obtained by extended cooperation of EU with USA, Japan and connections with Russia, China, India, Canada and other Countries. After Chernobyl (1986) and Fukushima-Daiichi (2011, 3 reactors) accidents with heavy consequences, people interest in nuclear energy decreased all over the world. This book examines in details such accidents to obtain safer designs Gen. IV reactors. In 2003 an initiative of the DOE (USA Department of Energy) launched the so called Generation IV International Forum with 13 Countries (USA, England, France, Canada, Japan, South Corea, South Africa, Argentine, Brasil, Switzerland, EU with Euratom) to design and realise the future reactors of Fourth Generation to substitute third generation reactors at the end of their operative life. Lectors have so a description of the evolution of future reactor types and of prospects that nuclear energy may offer to mankind. Maurizio Luigi Cumo is em. prof. of Nuclear Plants at the University of Rome Sapienza and is member of the Foundation Sapienza, Institution which gives prizes to Sapienza top students and may propose to Sapienza Administrative Council new researches to be undertaken. He was engaged in many international nuclear Institutions and Organisations. In years ‘80s he was engaged in the design of a small-medium reactor inherently safe called MARS (described in this book). Presently, he is in the group of senators and electors of the European Academy of Sciences and Arts of Salzburg, representing Italy, and is president of SIPS, the Historical (1839) Italian Society for the advancement of sciences.
The financial/social cataclysm beginning in 2007 ended notions of a “great moderation” and the view that capitalism had overcome its systemic tendencies to crisis. The subsequent failure of contemporary social formations to address the causes of the crisis gives renewed impetus to better analysis in aid of the search for a better future. This book contributes to this search by reviving a broad discussion of what we humans might want a post-capitalist future to be like. It argues for a comparative anthropological critique of capital notions of value, thereby initiating the search for a new set of values, as well as identifying a number of selected computing practices that might evoke new values. It articulates a suggestive set of institutions that could support these new values, and formulates a group of measurement practices usable for evaluating the proposed institutions. The book is grounded in contemporary social science, political theory, and critical theory. It aims to leverage the possibility of alternative futures implied by some computing practices while avoiding hype and technological determinism, and uses these computing practices to explicate one possible way to think about the future.
Maurizio Gotti analyses the various features of specialized discourse in order to assess its degree of specificity and diversification, as compared to general language. Prior to any analysis of such traits, the notion of specialized discourse and its distinctive properties are clarified.
Il primo volume della trilogia intitolata: "La ricerca del Santo Graal nel Mezzogiorno d'Italia durante il Medioevo", dedicato all'Arcangelo Michele in quanto fonte dell'argomento trattato, è diviso in due parti. Entrambe contengono l'accurata descrizione dell' indagine condotta per recuperare ed interpretare, in chiave scientifico-spirituale, miti, racconti, leggende ed avvenimenti storici rinvenuti nel solco sensibile e soprasensibile tracciato dalla corrente del Graal fluita nel Mezzogiorno d'Italia unitamente alla corrente ad essa contrapposta.
This book thoroughly explores the characteristics and importance of bank CEOs against the backdrop of growing awareness of the social implications of CEO behavior for the performance and stability of the financial and economic system. After an introductory section on the relevance of CEOs in the banking industry, the connections between the bank CEO labor market, contractual incentives, and compensation structures are examined. The focus then turns to empirical findings concerning the impact that bank CEO compensation has on various firm-level outcomes, such as bank performance and strategies. In addition, the relation between CEO turnover and changes in compensation policies since the financial crisis is discussed. A concluding section presents some fresh empirical evidence deriving from an up-to-date database of traits of CEOs operating in the largest European banks. For PhD students and academics, the surveys offer detailed roadmaps on the empirical research landscape and provide suggestions for future work. The writing style ensures that the content will be readily accessible to all industry practitioners.
In a new world characterized by more frequent and rich flows of information, with more efficient and plenty of available external capital, how will the – simultaneous – investment and divestment decisions be affected? This book thoroughly covers the main features and relevance of asset sales as an integral component of many companies’ growth strategies in the current and continually evolving corporate finance eco-system. After an introductory section on the relevance of asset sales in corporations (both non-financial and financial), it discusses the corporate asset market and the mechanisms of asset sale transactions. The focus then turns to the theory of finance in asset sales (the efficiency and financing theory) and the extensive empirical literature now available. In light of recent and rapid technological and digital advances, a concluding section presents new perspectives on analyzing asset sales transactions. Chiefly intended as a primer for PhD students and academics, the book offers roadmaps for the empirical research landscape and suggests future research directions.
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