Rice University economist cites importance of needing trial experience
Assistant U.S. attorneys in districts with high private salaries are more likely to take a drug-trafficking case to trial than are assistant attorneys in districts with low private salaries, according to a study by economists at Rice University and Colgate University that is published in the October issue of the Journal of Law and Economics.
“Regional differences in private lawyer salaries affect whet
Why do people prefer to put their money into closed, interest-bearing bank deposits, when they could invest it in liquid, higher-yielding government treasury bills (T-bills) at no greater risk?
It’s all because of what Hebrew University of Jerusalem researchers Prof. Dan Galai and Dr. Orly Sade call the “ostrich effect” – that is, investors “burying their heads in the sand” like ostriches so as to ignore what they perceive as a risky situation.
Galai, the Abe Gray Pr
According to a new study in The Journal of Finance, private equity has average returns roughly equal to the S&P 500 (net of management fees). This contradicts the myth that private equity outperforms the public market benchmarks by 4%-6% annually. However, there is large variation in performance across private equity partnerships. We also find that there is a significant amount of persistence in private equity, not only among successful funds but also for the unsuccessful ones. Successful private
Nur wenigen WM-Sponsoren gelingt es tatsächlich, einen hohen Bekanntheitsgrad im Umfeld des Sport-Ereignisses zu erreichen. Gleichzeitig bietet die Fußball-WM selbst Kleinunternehmen bestimmter Branchen die Chance, auch ohne Sponsoring-Engagement von dem Event zu profitieren. Speziell in der Tourismusbranche profitieren die WM-Städte vor allem von Tagesbesuchern, wenn auch in stark unterschiedlichem Maße. Zu diesem Ergebnis kommt die aktuelle Auswertung der Fußball-Langzeit-Studie von Prof. Dr.
The latest value of the EuroCOIN™ indicator released by the Centre for Economic Policy Research (CEPR) shows:
– CEPR’s EuroCOIN reading for June 2005 points to a slowdown of economic activity for the 12 countries that make up the euro area. The upturn signals given for March and April have been more than offset by a decrease in the May and June readings for EuroCOIN, indicating that the direction of euro area economic growth remains uncertain.
– In the euro area, the cyc
Clearstream has received the “Quality Recognition Award” by JPMorgan Chase Bank in recognition of its high quality funds transfer operations area. The award is given each year following a continual review process of industry suppliers undertaken by JPMorgan Chase Bank. It is designed to identify and reward companies that have demonstrated specific levels of operating excellence. The review undertaken in 2004, showed that Clearstream had clearly excelled in meeting its operat
Business cycles are a fact of economic life and they can have a significant impact on new technology sectors where the risks are high and product development takes time. But research funded by the Economic and Social Research Council shows that not all sectors respond in the same way.
The project, conducted by Michael Kitson of the Judge Institute of Management (Cambridge’s Business School) and Dr David Primost of the ESRC Centre for Business Research, revealed a range of c
The latest value of the EuroCOIN™ indicator released by the Centre for Economic Policy Research (CEPR) shows: CEPR’s EuroCOIN reading for May 2005 points to a slowdown of economic activity for the 12 countries that make up the euro area. The upturn signal of March and April is not confirmed, indicating that we are still in a period of uncertainty. In the euro area, the cyclical component of quarterly GDP growth decreased from 0.418 in April to 0.351 in May. The April fig
Karolinska Institutet’s solution for the financing of early discoveries will be presented at the biotech fair in Philadelphia on 21 June.
A portfolio of start-ups is created and an investment base is sought for the entire package. The system used at Karolinska Institutet is unique in the world, and creates better chances of success as well as healthy earnings for the investors.
The university is forever generating new science of considerable market potential. Howev
Integrating business and information system know-how is essential
Päivi Tossavainen, M.Sc. (Econ), will defend her PhD dissertation at the Helsinki School of Economics (HSE) on Thursday, June 16th 2005. The dissertation is entitled “Transformation of organizational structures in a multinational enterprise. The case of enterprise resource planning utilization” and is in the field of International Business. The public defense will start at 12:00 in the auditorium of the main build
Researchers in Bradford have found that video and web conferencing can save millions of pounds for companies, improve employees’ working lives and reduce impact on the environment.
Telecoms giant BT has saved £128 million a year by replacing face-to-face interaction with video and web-based conferencing.
Research carried out for BT by Dr. Peter Hopkinson and Professor Peter James of the University of Bradford’s Department of Environmental Science has found that, on aver
Record Trading in Euro-Bund Futures (FGBL) Current record (June 7, 2005): 2.87 million contracts Previous record (March 7, 2005): 2.52 million contracts Since the launch of Phase 1 of the Global Clearing Link in November last year, average monthly turnover in the Euro-Bund Future increased 31.7 percent (average monthly trading volume Jan-May 2004: 19.59 million compared to 25.8 million contracts for the period Jan-May 2005).
Clearstream’s core business areas saw further growth during May 2005 with the number of international transactions processed by Clearstream rising to 1.52 million for the month representing a rise of 14.4 percent compared to the same month last year (May 2004: 1.33 million). Of these transactions, 14 percent are registered as stock exchange transactions, 86 percent are Over the Counter (OTC) transactions.
Additionally, the value of assets held in custody on behalf of customers rose to EUR
A specialist of the State Nature Conservation Area “Wrangel Island”, N.G. Ovsyanikov, has been observing polar bears closely for many years, when the bears arrived at the island coast in autumn, once pack-ice recedes. In the researcher’s opinion, perception of a polar bear as a solitary predator, which is not practically tied with its congeners, is not true. Polar bears do not lose sight of each other and build up rather complicated social relations.
When pack-ice starts thawing
The value of property is linked more closely to income and ability to pay tax than many people think, according to new research sponsored by the ESRC.
With council tax still a hot issue, a study led by Dr Michael Orton, of the University of Warwick, found that the problem of people on low incomes living in high value properties may also be less common than often assumed.
Dr. Orton said: “We found that for owner-occupiers there is overall a clear and positive relationsh
Clearstream’s core business areas experienced further growth during April 2005 with the value of assets held in custody on behalf of customers rising to EUR 7.9 trillion, a rise of 2.6 percent from the end of the same month last year (April 2004 EUR 7.7 trillion). The number of international transactions processed by Clearstream also rose to 1.60 million for the month representing a rise of 10.3 percent compared with the same month last year (April 2004: 1.45 million). Of these transactions, 15 per
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