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Various Definitions (various + definition)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	54%
Medical Sciences	18%

Selected Abstracts

Brand Name Audit Pricing, Industry Specialization, and Leadership Premiums post-Big 8 and Big 6 Mergers,

CONTEMPORARY ACCOUNTING RESEARCH, Issue 1 2002
Andrew Ferguson
Abstract This paper investigates brand name, industry specialization, and leadership audit pricing in the wake of the mergers that created the Big 6 and the Big 5 accounting firms. For samples of Australian listed public companies in each of the postmerger years 1990, 1992, 1994, and 1998, we estimate national audit fee premiums for the Big 6/5 auditors and the industry specialists and leaders. We find limited support for the ability of the Big 6/5 to obtain fee premiums over non-Big 6/5 for those industries not having specialist auditors. Nonspecialist Big 6/5 auditors are able to obtain fee premiums over nonspecialist non-Big 6/5 auditors for those industries having specialist auditors. However, this result only holds among the smaller half of our sample. We do not find strong support for the presence of industry specialist premiums in the postmerger years, especially after 1990, using various definitions of industry specialist. We find, at best, limited support for the presence of industry leadership premiums. The evidence suggests that after the Big 8/6 audit firm mergers, some caution is required in generalizing the Craswell, Francis, and Taylor 1995 finding of national market industry specialist premiums. More generally, the study raises questions about the tenuous link between the concept of specialization and national market-share statistics. [source]

Agency Relations within the Family Business System: an exploratory approach

CORPORATE GOVERNANCE, Issue 3 2003
L.A.A. Van den Berghe
Researchers use various definitions to describe the family firm. The characteristics of family firms that are stressed in each of these definitions are somehow related to family control. All characteristics together reflect a spectrum of family firm types along one core dimension: family involvement in the firm. However, it is more helpful to distinguish among family firms by using their precise type. Each particular family firm type is characterised by a set of agency relations within and between the family system, ownership system and the business system. This paper is a first attempt to apply the insights from agency theory on a highly simplified (reference) family firm situation where the father is full owner and the daughter manager of the family firm. Agency theory establishes the foundation for the optimal contract conditions between father and daughter. While real life is often characterised by bounded rationality and incomplete information, future research should help identify the "optimal contract" be-tween the family/shareholders and management in various family firm types under these circumstances. [source]

Does International Financial Contagion Really Exist?

INTERNATIONAL FINANCE, Issue 2 2003
G. Andrew Karolyi
This article surveys the various definitions and taxonomies of international financial contagion in the academic literature and popular press and relates it to the existing evidence on co-movements in international asset prices, on the growth and volatility of international capital flows and on the relationship between flows and asset prices. The central argument of the article is that the empirical evidence is not as obviously consistent with the existence of market contagion as many researchers, the press, or market regulators believe. Policy implications of this alternative viewpoint are presented. [source]

Zimbabwe's Drought Relief Programme in the 1990s: A Re-Assessment Using Nationwide Household Survey Data

JOURNAL OF CONTINGENCIES AND CRISIS MANAGEMENT, Issue 3 2006
Lauchlan T. Munro
Zimbabwe's Drought Relief Programme was hailed in the 1980s and 1990s as an effective response to a food crisis in a poor country. International observers in particular credited the Programme with preventing famine and protecting livelihoods. Even before the current political turmoil and the ensuing politicisation of Drought Relief that have afflicted Zimbabwe since 2000, Zimbabwean authors were more sceptical about the effectiveness of Drought Relief. Both sides in the debate, however, failed to substantiate their arguments with national household survey data on who got what kind of assistance from Drought Relief, but rather relied on administrative data, qualitative interviews or sub-national surveys. Drawing its inspiration from WHO's minimum evaluation procedure, this article uses data from four nationwide household surveys in 1992,1993 and 1995,1996 and various definitions of poverty to ask whether Drought Relief provided poor people with relevant, timely and adequate assistance in the 1990s. The analysis suggests that Drought Relief was effective in supporting drought-affected smallholders during the 1990s. Drought Relief generally had a slight pro-poor bias. Unfortunately, Drought Relief since 2000 has a very different character. [source]

What have We Learnt from the Convergence Debate?

JOURNAL OF ECONOMIC SURVEYS, Issue 3 2003
Nazrul Islam
This paper surveys the convergence literature. It begins by laying out different definitions of convergence and by showing the link between the convergence issue and the growth theory debate. The paper then follows the convergence research conducted along four different approaches, namely the cross-section, panel, time-series, and distribution approaches. The paper shows the association of these methodological approaches with various definitions of convergence and highlights the connections among the convergence results. It shows that, despite some impressions to the contrary, there is considerable agreement among the results. Although the convergence research might not have solved the growth debate entirely, it has helped both the neoclassical and the new growth theories to adapt and evolve. The research on convergence has established new stylized facts regarding cross-country growth regularities. It has brought to fore the existence of large technological and institutional differences across countries and has given rise to new methodologies for quantifying and analyzing these differences. This is providing a new information base for analysis of technological and institutional diffusion and for further development of growth theory in general. [source]

Bodensystematik und Bodenklassifikation Teil I: Grundbegriffe

JOURNAL OF PLANT NUTRITION AND SOIL SCIENCE, Issue 1 2005
Christoph Albrecht
Abstract Bodenordnungssysteme lassen sich meist nach zwei Prinzipien entwickeln: Entweder werden nur rein bodenkundliche Informationen als kategorisierendes Merkmal verwendet (pedogenetische Faktoren/Prozesse), oder die Kategorienbildung erfolgt problemorientiert anhand ausgewählter Parameter. Die meisten der weltweit verwendeten Bodenordnungssysteme lassen sich nach ihrer Grundausrichtung einem der beiden Typen zuordnen. Diese Betrachtungsweise ist nicht neu und wird in der Literatur mit unterschiedlichen Begriffen und Begriffsinhalten dargestellt. In der vorliegenden Arbeit werden die verschiedenen Definitionen von Systematik, Klassifikation, Taxonomie und Identifizierung zusammengefasst und geordnet. Dabei fällt auf, dass Begriffe mit sehr unterschiedlichen Inhalten oft synonym verwendet werden. Grundgedanke unserer Überlegungen ist die Trennung von Systematik, Klassifikation und Identifizierung. Systematik ist die grundsätzliche wissenschaftlich-deduktive Gliederung von Objekten in systematische Einheiten. Dabei soll das gesamte Wissen eines Fachgebietes in eine überschaubare Form gebracht werden, im Mittelpunkt stehen sowohl die umfassende Beschreibung einzelner Objekte als auch die Beziehungen zwischen den Objekten. Im Gegensatz dazu ist eine Klassifikation die zielorientiert-induktive Gliederung von Objekten. Die entstehenden Klassen werden nur anhand ausgewählter Parameter abgegrenzt, womit ein schneller Überblick bei speziellen Fragestellungen ermöglicht wird. Die Identifizierung ist die Einordnung von neuen Objekten in eine bestehende Systematik oder Klassifikation. Eine zweifelsfreie Identifizierung erfordert die Messbarkeit der kategorisierenden Merkmale. Bei einer genetisch angelegten Bodensystematik sind die Merkmale die Boden bildenden Prozesse und Faktoren. Da sie beim gegenwärtigen Kenntnisstand oft nicht messbar sind, bleiben Versuche, einen Boden in eine Systematik einzuordnen, häufig hypothetisch und dadurch subjektiv. Die Ergebnisse einer Bodensystematisierung sind daher oft anfechtbar, weil sie nicht durch Messwerte verifiziert werden können. Im Gegensatz dazu erlauben Bodenklassifikationen objektive Profilansprachen. Da jedoch die Festlegung der Grenzwerte eher pragmatisch nach Zweckmäßigkeit geschieht und nicht wissenschaftlich anhand von Prozessintensitäten, ist die Verwendung als grundlegendes Ordnungssystem eines Wissenschaftsgebietes nicht möglich. Die Bodenkunde benötigt beide Arten von Ordnungssystemen, um wissenschaftliche und praktische Ansprüche gleichermaßen erfüllen zu können, jedoch erfordern die Vollendung und Verifizierung der Systematik umfangreiche Forschungsarbeiten. Kurzfristig ist dieses Problem nur durch die Entwicklung einer kennwertbasierten Klassifikation lösbar, mit der die Kategorien der bestehenden Systematik so gut wie möglich nachgebildet werden. Langfristig ist die exakte Erforschung und Modellierung der Boden bildenden Prozesse aber unumgänglich. Soil systematics and classification systems Part I: Fundamentals Soil-ordering systems are primarily based and developed on one of two underlying principles: They are either categorized according to soil-forming processes, or the formation of categories develops by chosen parameters. This perspective has already been established in the literature, though it is often confusing as many terms are defined and applied differently. In this contribution, the various definitions of systematics, classification, taxonomy, and identification will be clearly differentiated and summarized. The core of our work is to clearly define and contrast three terms: systematics, classification, and identification. Systematics is the fundamental scientific and deductive ordering of objects into systematic units. The purpose of this approach is to organize the entire spectrum of knowledge within a discipline into a transparent and manageable form. Classification, in direct contrast to systematics, is goal-oriented and an inductive ordering of objects. Thus, the ordering scheme consists of classes which are clearly parameterized. Identification is the ordering of new objects into an already existing systematics or classification system. Close attention is paid to both the differences and the similarities between a systematics and a classification system, especially pertaining to their practical applications. The identification requires that the category-forming characteristics can be measured (e.g., for soil systematics, these are the soil-forming processes and factors). Currently, it is unfortunately not feasible to objectively quantify most soil-forming processes. Thus, most attempts at categorizing soils by systematics are hypothetical and highly subjective in nature. The resulting identification derived from the soil systematics approach is open to questions and contestable, since a graded measuring system does not yet exist to verify these determinations. In contrast, a soil-classification system does allow an objective soil-profile identification, although such systems are conceived pragmatically and designed for a practical purpose (e.g., not scientifically based on process intensities). Unfortunately, such a classification system cannot be applied as a universal scientific categorization system due to this method of conception. Both categorization approaches are required in soil science in order to satisfy both the practical and the scientific aspects of the field. However, substantial research must be done to complete and verify systematics. The only viable short-term solution is through the development of a graded classification system where the categories of the system are directly derived from the current systematics approach. In the long run both the exact investigation and the detailed modeling of the soil-forming processes are inevitable. [source]

Products of compact spaces and the axiom of choice II

MLQ- MATHEMATICAL LOGIC QUARTERLY, Issue 1 2003
Omar De la Cruz
Abstract This is a continuation of [2]. We study the Tychonoff Compactness Theorem for various definitions of compactness and for various types of spaces (first and second countable spaces, Hausdorff spaces, and subspaces of ,K). We also study well ordered Tychonoff products and the effect that the multiple choice axiom has on such products. [source]

Latest news and product developments

PRESCRIBER, Issue 3 2008
Article first published online: 26 FEB 200
Higher risk of CV events in aspirin resistance More than one in four patients may have aspirin resistance, a new metaanalysis shows, and they face a four-to sixfold increased risk of a major cardiovascular event or death compared with aspirin-sensitive patients taking low-dose aspirin (BMJ online: 17 Jan 2008; doi:10. 1136/bmj.39430.529549.BE). The analysis included 20 studies involving a total of 2930 patients with cardiovascular disease. Of these, 28 per cent were defined as having aspirin resistance (according to the various definitions in each study). Compared with aspirin-sensitive patients, the odds ratio of any cardiovascular event or acute coronary syndrome was about 4 and the odds ratio of death was 6. Aspirin-resistant patients did not benefit from other antiplatelet treatment. ADOPT: rosiglitazone fracture risk in women A new analysis of the ADOPT trial (N Engl J Med 2006;355: 2427-43) has found that the risk of fractures during treatment with rosiglitazone (Avandia) is approximately twice as high as with metformin or glibenclamide, but mainly in women (Diabetes Care online: 25 Jan 2008; doi: 10.2337/dc07-2270). The study found a significant difference in risk between the drugs only for women, with a cumulative incidence of 15.1 per cent with rosiglitazone, 7.3 per cent with metformin and 7.7 per cent with glibenclamide after five years. No risk factors were identified although the incidence of fractures was higher among postmenopausal than premenopausal women. New from NICE Infliximab for the treatment of adults with psoriasis. Technology Appraisal Guidance No. 134, Jan 2008 Infliximab (Remicade), a monoclonal antibody against TNF-alpha, should be an option for treating very severe plaque psoriasis in adults, NICE recommends. Using its fast-track single technology appraisal procedure, NICE concluded that infliximab should be considered when standard therapies,methotrexate or ciclosporin (Neoral), or PUVA , have failed or are unsuitable. The criteria for disease severity are defined by the Psoriasis Area Severity Index (PASI) score (,20) and the Dermatology Life Quality Index (DLQI) score (>18). Treatment response is also defined by these measures and infliximab should be continued for longer than 10 weeks only when predefined thresholds are met. Infliximab costs an average of £11 750 annually. In 2006, NICE recommended etanercept (Enbrel) and efalizumab (Raptiva) for patients with severe psoriasis (PASI ,10 and DLQI >10). Commons committee wants tougher targets Most GPs get full QOF points for medicines management even though there is inexplicably large variation in good prescribing practice between PCTs, the Public Accounts Select Committee points out in its latest report, Prescribing Costs in Primary Care. The Committee wants to see tougher QOF targets among several initiatives to reduce prescribing costs. Although most publicity centred on its endorsement of the National Audit Office claim that GPs could save £200 million by prescribing lower-cost drugs, the report contains some more far-reaching proposals. GPs should prescribe generic alternatives within a therapeutic category, so when a brand is not available generically, eg Lipitor, a different drug that is, eg simvastatin, should be used when clinically appropriate. Further, this form of substitution should be rewarded via QOF targets. There should be greater uniformity in the appearance, labelling and packaging of generic and branded equivalents. The Department of Health should consider raising awareness of the value of medicines by printing the cost on packaging, and to reduce the £100 million wasted annually in dumped medicines, it should investigate which drugs aren't used and why patients won't take them. Strategic health authorities should work with the National Prescribing Centre to develop more prescribing indicators with which to measure PCT performance and support PCTs to promulgate best practice. They should also collaborate on promoting joint primary-secondary care formularies and increase the consistency of prescribing, not only between hospital specialists and GPs but also between PCTs. To monitor the influence of the pharmaceutical industry, PCTs should keep a record of gifts and hospitality and publish a register. Questions to ask about mental health treatment The Department of Health has published a booklet designed to raise awareness of medicines management issues affecting people using mental health services and their carers, and professionals in the health and social services. Although one aim of Medicines Management: Everybody's Business is to empower people with mental health problems to ask about their medication, its formal style is better suited to staff who need to improve their person-centred approach to care. It covers what information people should expect and what questions to ask when drug treatment is being considered, what to expect at review and issues to consider when contemplating stopping treatment. Copies can be downloaded at www.dh.gov.uk. Consider statins for all patients with diabetes Treatment with a statin should be considered for all patients with diabetes unless their risk is low, say the authors of a new study (Lancet 2008;371:117-25). Their meta-analysis of 14 randomised trials involving 18 686 people with diabetes and an average follow-up of 4.3 years found that statins reduced vascular events and vascular mortality as much as in nondiabetic populations. The overall benefit was 42 fewer major events per 1000 people treated for five years. This was independent of a history of vascular disease or other baseline characteristics. No evidence for OTC cough medicines There is no evidence that over-the-counter cough medicines for adults and children are effective in relieving acute cough, a new Cochrane review has concluded (Cochrane Database of Systematic Reviews 2008, Issue 1). The review of 17 randomised trials involving 2876 adults and eight involving 616 children reported conflicting findings of uncertain clinical relevance. The trials were heterogeneous and of low quality. Copyright © 2008 Wiley Interface Ltd [source]

Monetary Policy Reaction Functions in Australia,

THE ECONOMIC RECORD, Issue 253 2005
GORDON De BROUWER
Interest-rate functions are estimated to assess the stability of Australian monetary policy in the post-float period. The results indicate that the Reserve Bank of Australia (RBA) is forward-looking, focusing on outcomes 1 year ahead. The weight on inflation in the RBA reaction function has increased, and that on output has decreased, since inflation targeting. This is robust to various definitions of the output gap. The RBA also appears to take modest account of sustained movements in the effective exchange rate. Point estimates of the implied neutral rate of interest are from 5 to 5½ per cent. [source]

Linkage disequilibrium in the North American Holstein population

ANIMAL GENETICS, Issue 3 2009
E.-S. Kim
Summary Linkage disequilibrium was estimated using 7119 single nucleotide polymorphism markers across the genome and 200 animals from the North American Holstein cattle population. The analysis of maternally inherited haplotypes revealed strong linkage disequilibrium (r2 > 0.8) in genomic regions of ,50 kb or less. While linkage disequilibrium decays as a function of genomic distance, genomic regions within genes showed greater linkage disequilibrium and greater variation in linkage disequilibrium compared with intergenic regions. Identification of haplotype blocks could characterize the most common haplotypes. Although maximum haplotype block size was over 1 Mb, mean block size was 26,113 kb by various definitions, which was larger than that observed in humans (,10 kb). Effective population size of the dairy cattle population was estimated from linkage disequilibrium between single nucleotide polymorphism marker pairs in various haplotype ranges. Rapid reduction of effective population size of dairy cattle was inferred from linkage disequilibrium in recent generations. This result implies a loss of genetic diversity because of the high rate of inbreeding and high selection intensity in dairy cattle. The pattern observed in this study indicated linkage disequilibrium in the current dairy cattle population could be exploited to refine mapping resolution. Changes in effective population size during past generations imply a necessity of plans to maintain polymorphism in the Holstein population. [source]

The Challenge of Defining Bleeding Among Patients with Acute Coronary Syndromes

CLINICAL CARDIOLOGY, Issue S2 2007
Thomas W. Wallace M.D.
Abstract Advances in the management of patients with acute coronary syndromes (ACS), specifically, the use of combined pharmacotherapy with antithrombotic and antiplatelet therapies and routine percutaneous coronary intervention (PCI), have greatly reduced rates of thrombotic outcomes and mortality in these patients. However, these same therapies also can increase the risk of bleeding and transfusion use, which are predictive of poor outcomes in patients with ACS. Accurate assessment of the risk-to-benefit ratio for any therapy depends on the use of clinically relevant, preferably standardized, definitions of endpoint events. Unfortunately, clinical trials of antithrombotic therapies have used various definitions for bleeding, most of which were originally developed for trials of fibrinolytic therapy in acute myocardial infarction (MI). These variations in bleeding definitions have complicated cross-study comparisons and assessments of drug class effects. Further, it is unclear whether these definitions remain clinically relevant in the era of routine PCI and aggressive antithrombotic therapy for ACS. Although an argument can be made for development of a standardized bleeding definition, a more prudent approach may be to develop standardized data elements, which can then be used to tailor bleeding definitions according to the goals of future clinical investigations. Copyright © 2007 Wiley Periodicals, Inc. [source]