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2003

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A Solution To Einstein’S Field Equations For A Tachyonic Gas: Possible Astrophysical Applications, Kris H. Green, W. John Cocke Dec 2003

A Solution To Einstein’S Field Equations For A Tachyonic Gas: Possible Astrophysical Applications, Kris H. Green, W. John Cocke

Mathematical and Computing Sciences Faculty/Staff Publications

In this paper we show that a change in the signs of some of the metric components of the solution of the field equations for the classical cosmic string results in a solution which we interpret as a time-dependent wall composed of tachyons. We show that the walls have the property of focusing the paths of particles which pass through them. As an illustration of this focusing, we demonstrate the results of a simple simulation of the interaction between one such tachyon wall and a rotating disk of point masses. This interaction leads to the temporary formation of spiral structures. …


Public-Private Partnership? Shifting Paradigms Of Economic Governance In Ontario, Neil Bradford Dec 2003

Public-Private Partnership? Shifting Paradigms Of Economic Governance In Ontario, Neil Bradford

Data and Test Instruments

In recent years, many governments have embraced new modes of economic governance that rely on public-private partnerships. These forms of governance effectively devolve authority and responsibility from the state, and instead rely on the policy networks found in civil society. This article argues that despite the general enthusiasm for such decentralized collaboration, there is significant variation in its meaning and practice. Comparing the public-private partnership strategies of two governments in Ontario in the 1990s, the article analyzes the origins and progress of two distinctive governance paradigms, looking for signs of economic innovation. The case studies demonstrate that each of the …


Table Of Contents Dec 2003

Table Of Contents

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Tax Advantages Of Sports Franchises: Part Ii - Estate Planning, John R. Dorocak Dec 2003

Tax Advantages Of Sports Franchises: Part Ii - Estate Planning, John R. Dorocak

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Why Conforming With Title Ix Hurts Men's Collegiate Sports, David Klinker Dec 2003

Why Conforming With Title Ix Hurts Men's Collegiate Sports, David Klinker

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


How Far Have We Come? A Look At The Olympic And Amateur Sports Act Of 1998, The United States Olympic Committee, And The Winter Olympic Games Of 2002, Noëlle K. Nish Dec 2003

How Far Have We Come? A Look At The Olympic And Amateur Sports Act Of 1998, The United States Olympic Committee, And The Winter Olympic Games Of 2002, Noëlle K. Nish

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


First Amendment - Establishment Clause - Student-Led, Student-Initiated Prayer At Football Games Violates The Establishment Clause - Santa Fe Independent School District V. Doe, 530 U.S. 290 (2000)., Bridget Asplund Dec 2003

First Amendment - Establishment Clause - Student-Led, Student-Initiated Prayer At Football Games Violates The Establishment Clause - Santa Fe Independent School District V. Doe, 530 U.S. 290 (2000)., Bridget Asplund

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Fees For Extracurricular Activities Alienate Students Who Would Otherwise Participate And Should Be Replaced With Alternate Means Of Fundraising, Shannon M. Ryan Dec 2003

Fees For Extracurricular Activities Alienate Students Who Would Otherwise Participate And Should Be Replaced With Alternate Means Of Fundraising, Shannon M. Ryan

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


From Regulating Organization To Multi-Billion Dollar Business: The Ncaa Is Commercializing The Amateur Competition It Has Taken Almost A Century To Create, Lindsay J. Rosenthal Dec 2003

From Regulating Organization To Multi-Billion Dollar Business: The Ncaa Is Commercializing The Amateur Competition It Has Taken Almost A Century To Create, Lindsay J. Rosenthal

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Tiny Glimmer Of Hope For Student Athletes Affected By Suspicionless Drug Testing Policies Rests In The States, Ingrid E. Melnichuk Dec 2003

Tiny Glimmer Of Hope For Student Athletes Affected By Suspicionless Drug Testing Policies Rests In The States, Ingrid E. Melnichuk

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Coaches' Liability For Athletes' Injuries And Deaths, Thomas R. Hurst, James N. Knight Dec 2003

Coaches' Liability For Athletes' Injuries And Deaths, Thomas R. Hurst, James N. Knight

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Editorial Board - Vol. 13, No. 2 2003 Dec 2003

Editorial Board - Vol. 13, No. 2 2003

Seton Hall Journal of Sports and Entertainment Law

No abstract provided.


Connections, Fall, 2003; Issue Four, Susan Mcmullen Dec 2003

Connections, Fall, 2003; Issue Four, Susan Mcmullen

Library Newsletter

No abstract provided.


Consumer-Based Taxation At The Business Level: The Croatian Experience, Helena Blazic, Nikša Nikolic, Mario Pecaric Dec 2003

Consumer-Based Taxation At The Business Level: The Croatian Experience, Helena Blazic, Nikša Nikolic, Mario Pecaric

The Journal of Entrepreneurial Finance

Croatia is the first country in the world to implement consumption-based direct taxation aimed at the individual as well as the business levels. Traditional corporate tax has been replaced by the so-called "interest-adjusted profit tax", which encompasses the corporate as well as the non-corporate sector. This paper analyzes the efficiency of this tax in Croatia with regard to its neutrality as well as its cost-effectiveness. This tax can be regarded as neutral in terms of investment, finance, inflation and organizational form. But the imperfections of financial markets in Croatia still cause distortions between debt and equity capital as well as …


How Do Banks Pick Safer Ventures? A Theory Relating The Importance Of Risk Aversion And Collateral To Interest Margins And Credit Rationing, Andrew E. Burke, Aoife Hanley Dec 2003

How Do Banks Pick Safer Ventures? A Theory Relating The Importance Of Risk Aversion And Collateral To Interest Margins And Credit Rationing, Andrew E. Burke, Aoife Hanley

The Journal of Entrepreneurial Finance

The paper augments the asymmetric information literature on bank lending to new ventures by focusing on the more neglected area of moral hazard; specifically the relationship between risk aversion, an entrepreneur?s wealth and the provision of collateral. The results highlight some interesting nuances which are not characteristic of the properties of models that have dominated the literature and which mainly focus on the problems of adverse selection. Contrary to models such as Evans and Jovanovic (1989) Blanchflower and Oswald (1998) our model shows that credit rationing does not necessarily have to be negatively related to an entrepreneur?s initial wealth. Our …


The Information Content In Trades Of Inactive Nasdaq Stocks, Peter Chen, Kasing Man, Chunchi Wu Dec 2003

The Information Content In Trades Of Inactive Nasdaq Stocks, Peter Chen, Kasing Man, Chunchi Wu

The Journal of Entrepreneurial Finance

In this paper we analyze the frequency and information content of small Nasdaq stock trades and their impacts on return volatility at the intraday interval. We employ an autoregressive conditional duration (ACD) model to estimate the intensity of the arrival and information content of trades by accounting for the deterministic nature of intraday periodicity and irregular trading intervals in transaction data. We estimate and compare the price duration of thinly and heavily traded stocks to assess the differential information content of stock trades. We find that the number of transactions is negatively correlated with price duration or positively correlated with …


Association Between Credit Rating Changes And High-Tech M&A In Taiwan, Jo-Hui Chen Dec 2003

Association Between Credit Rating Changes And High-Tech M&A In Taiwan, Jo-Hui Chen

The Journal of Entrepreneurial Finance

The primary purpose of this study is to examine the impact of high-tech and non-high-tech mergers and acquisitions (M&A) on the credit rating changes in Taiwan. We utilized the ordered probit model with random effect for the empirical works. A variety of econometric tests were conducted using pooled data of 101 firms in Taiwan over the period Sep. 1996 to Dec. 2001. This paper tries to examine whether the financial and strategy factors affect the credit risks. Our results indicate that Insider Ownership and Leverage Ratio are negatively related to credit rating changes, while Return on Equity and High-tech Firm …


Letter From The Editor-In-Chief, Allan Young Dec 2003

Letter From The Editor-In-Chief, Allan Young

The Journal of Entrepreneurial Finance

With the present issue I've assumed the role of Editor-in-Chief of The Journal of Entrepreneurial Finance and Business Ventures, with my colleagues at the School of Management, Syracuse University, David Wilemon and Chunchi Wu carrying on as Editors. In addition, Yochanan Shachmurove, who was instrumental in helping us put together our two previous issues, joins our Board of Editorial Advisors, as do William J. Baumol, and Lawrence R. Klein. Reflecting the diversity of the field itself, the present issue of the Journal is charactericized by many different concerns and approaches to the area of entrepreneurship. Accordingly, in the first article, …


Dynamic Linkages Between Trading Volume And Price Movements: Evidence For Small Firm Stocks, Cetin Ciner Dec 2003

Dynamic Linkages Between Trading Volume And Price Movements: Evidence For Small Firm Stocks, Cetin Ciner

The Journal of Entrepreneurial Finance

Recent theoretical and empirical studies suggest that volume conveys useful information to forecast stock price movements. We investigate the information content of volume for the stock indices of small-capitalization firms in the US and France. Information asymmetry problems tend to be more important for small-capitalization firms and it can be argued that the information content of volume should be more significant. We find that volume does indeed forecast returns of the small-capitalization stock indices. We also detect a positive contemporaneous relation between volume and absolute value of returns. The findings are qualitatively the same for data from the US and …


A Simple Utility Approach To Private Equity Sales, Robert Dubil Dec 2003

A Simple Utility Approach To Private Equity Sales, Robert Dubil

The Journal of Entrepreneurial Finance

The paper examines the liquidity risk of a private equity firm that decides to dispose of a large holding in its portfolio. As the sale takes time, it requires a careful balancing act of the exposure to the fluctuations in the market value of the investment against the large sale-induced price depression. A mean-standard deviation utility framework is an appealing decision tool for optimizing protracted asset dispositions. The firm maximizes the expected profit from the sale strategy net of the price concession minus a penalty function for exposure to the price risk, with the penalty weight related to a loss …


Capital Budgeting And Entrepreneurial Organizations: A Survey Of Hospital Practices, Shih-Jen Kathy Ho, Lilian Chan, Daniel L. Tompkins Dec 2003

Capital Budgeting And Entrepreneurial Organizations: A Survey Of Hospital Practices, Shih-Jen Kathy Ho, Lilian Chan, Daniel L. Tompkins

The Journal of Entrepreneurial Finance

Efficiency and effectiveness for all entrepreneurial firms requires that limited resources be put to their best use. Thus the acquisition of long-term assets is an important decision for any entrepreneurial firm. For hospitals, which have become entrepreneurial to survive in today’s health care environment, long-term asset investment decisions have become critical to their survival. The objective of this study is to increase health care organizations’ awareness of the important considerations in selecting and monitoring long-term investments. Our findings from a small sample of American hospitals indicate that payback method is the primary criterion for evaluating hospital’s long-term investment projects. Also …


Letter From The Guest Editors, Ali Fatemi And Harold Welsch, Ali Fatemi Dec 2003

Letter From The Guest Editors, Ali Fatemi And Harold Welsch, Ali Fatemi

The Journal of Entrepreneurial Finance

The 2003 meetings of the Academy of Entrepreneurial Finance Conference were held on the campus of DePaul University in Chicago, Illinois, April 30-May 2, 2003. The conference brought together a large number of academics, practitioners and policy makers from around the world. It accomplished its goal of bringing together those engaged in the scholarly investigation of entrepreneurial finance and practitioners and other professionals of the field. The conference provided for a forum to share the results of research, acquire state of the art information, and exchange ideas on a variety of topics. These included the entrepreneurial investment decision, the financing …


Collective Loans For Bulgaria's Self-Employed: A Field Study Of Social And Financial Capital On Enterprise Growth, Shad Morris Dec 2003

Collective Loans For Bulgaria's Self-Employed: A Field Study Of Social And Financial Capital On Enterprise Growth, Shad Morris

The Journal of Entrepreneurial Finance

The purpose of this paper is to increase understanding of how collective lending strategies leverage social capital to improve firm performance. Drawing on economic and sociological perspectives and fieldwork in Bulgaria, I argue that social capital may enhance the effects of financial capital on firm performance in microenterprises. Findings show that a collective lending strategy facilitates greater firm performance than individual lending--due partially to the increased social capital it creates for the entrepreneur. These findings come from a multi-method field study conducted in Bulgaria, where qualitative data were collected from over 40 business owner interviews. The findings have implications for …


Identification Of Spatial And Temporal Patterns Of Secondary Succession Changes In Altamira, Brazil: Integrating Remote Sensing And Gis Technology, Hui Li Dec 2003

Identification Of Spatial And Temporal Patterns Of Secondary Succession Changes In Altamira, Brazil: Integrating Remote Sensing And Gis Technology, Hui Li

All-Inclusive List of Electronic Theses and Dissertations

There has been extensive use of remote sensing to study secondary succession of moist tropical forests in the Amazon Basin. However, scientists have not totally understood the dynamic processes of secondary succession of Amazon forests. A lack of consensus remains about what is the best approach for biomass estimation in the Amazon Basin using remotely sensed data. It is not clear which spectral wavelength bands have the best relationship with biomass values and what are the specific relationships between biomass and TM satellite radiance. The strategies in this research, based on analysis of detailed ground-based data and satellite TM image …


Decisionmaking In Mediation: The New Old Grid And The New New Grid System, Leonard L. Riskin Dec 2003

Decisionmaking In Mediation: The New Old Grid And The New New Grid System, Leonard L. Riskin

Notre Dame Law Review

No abstract provided.


“Don’T Tell Me, I’Ll Find Out”: Robert Karplus—A Science Education Pioneer, Robert Fuller Dec 2003

“Don’T Tell Me, I’Ll Find Out”: Robert Karplus—A Science Education Pioneer, Robert Fuller

Robert G. Fuller Publications

Robert Karplus (1927–90), who began his career as a brilliant theoretical physicist, switched to science education in the early 1960s. He made many substantial contributions to this field in addition to developing a complete K–6 hands-on science curriculum. Karplus provided his curriculum with a sound epistemological foundation, based on the work of Piaget. He developed an effective classroom teaching strategy, the learning cycle. He and his team used a scientific approach to curriculum development. They focused on teacher development. Karplus was committed to science for ALL students. Through science activities he sought to share the joy of discovery. A recent …


Minutes, Crummer Graduate School Of Business Faculty Meeting, Monday, December 1, 2003, Crummer Graduate School Of Business Faculty Dec 2003

Minutes, Crummer Graduate School Of Business Faculty Meeting, Monday, December 1, 2003, Crummer Graduate School Of Business Faculty

Crummer Graduate School of Business Minutes and Reports

No abstract provided.


Letter From The Editor, Allan Young Dec 2003

Letter From The Editor, Allan Young

The Journal of Entrepreneurial Finance

No abstract provided.


Entrepreneurial Failure And South Africa's Performance In The World Trading Environment, Mitchell Kellman, Trevor Roxo, Yochanan Shachmurove Dec 2003

Entrepreneurial Failure And South Africa's Performance In The World Trading Environment, Mitchell Kellman, Trevor Roxo, Yochanan Shachmurove

The Journal of Entrepreneurial Finance

In the past four decades, Sub Sahara Africa has been notable in its relative development-performance failure. There exists a growing literature emphasizing the role of the entrepreneur as an essential element in economic development. We argue that the relatively sluggish growth observed in South Africa may be attributed, at least in part, to entrepreneurial failure. Emerging from its Apartheid era with a concomitant embargo on its trade, South Africa has been actively liberalizing its economy, positioning it for integration into the world trading system since the early 1990s. Following several decades of import-substituting efforts, this signals a clear shift toward …


Does Underwriter Reputation Affect The Performance Of Ipo Issues?, Junbo Wang, Sheen Liu, Chunchi Wu Dec 2003

Does Underwriter Reputation Affect The Performance Of Ipo Issues?, Junbo Wang, Sheen Liu, Chunchi Wu

The Journal of Entrepreneurial Finance

In this paper we examine the relationship between performance of the Chinese IPO firms and the reputation of investment bankers underwriting their stocks. Similar to previous studies on well-developed stock markets, we find that the initial return on the first day of trading is strongly positive for Chinese IPO stocks due to underpricing. This initial return is negatively related to the underwriter's reputation, suggesting that the better the reputation of the underwriter, the less underpricing and hence, the lower the initial return of the IPO stock. Extending the analysis to a ten-day window after the first trading day, we find …