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Subsequent Performance (subsequent + performance)
Selected AbstractsIPO Prospectus Information and Subsequent PerformanceFINANCIAL REVIEW, Issue 3 2003Harjeet S. Bhabra G3/G32 Abstract Initial public offerings underperform in the long run; however, there is very little evidence on their cross-sectional variation. Using a random sample of IPOs from 1987 through 1991 and gathering their prospectus data, we show that financial and operating characteristics as well as offering characteristics have a limited relation with the one-year stock returns. We also find that firms that subsequently reissue equity or merge outperform their matched-firm benchmarks over three years. Underperformance is most severe for the smaller and younger firms. We find that prospectus information is more useful to predict survival/failure compared to subsequent equity offerings or acquisitions. [source] The Short, and Long,run Performance of New Listings in TunisiaINTERNATIONAL REVIEW OF FINANCE, Issue 4 2001Samy Ben Naceur This study examines abnormal stock market returns of new listings on the Tunisian Stock Exchange. Substantial positive abnormal returns are found on the first listing day and this finding is similar to that obtained in other countries. Subsequent performance is poor and investors who bought shares at the close of trading on the first day would have lost about 22% against the Tunis Stock Exchange index over a three,year period. The possible causes of this are investigated. Among the factors found in the literature that possibly affect the level of long,term performance, only the state of the IPO market, the initial return, the delay in reaching the ,first market price' and the size of the firms have significant coefficients. This result is supportive of the traditional fad's interpretation of long,term underperformance. [source] The Impact of Interorganizational Imitation on New Venture International Entry and PerformanceENTREPRENEURSHIP THEORY AND PRACTICE, Issue 1 2010Stephanie A. Fernhaber We examine the impact of interorganizational imitation on new venture international entry and subsequent performance. Using a sample of 150 U.S.-based publicly held new ventures, we find that new venture international entry is in part an imitative response to the internationalization of other firms in the venture's home country industry and/or subsets of firms with certain traits or outcomes. We also find that interorganizational imitation moderates the relationship between new venture international entry and profitability, but not the relationship between new venture international entry and sales growth. These findings contribute to the growing body of literature on new venture internationalization. [source] Carry-over effects of embryonic acid conditions on development and growth of Rana temporaria tadpolesFRESHWATER BIOLOGY, Issue 1 2002K. RÄsänen 1.,Conditions experienced during the early stages of development may have carry-over effects on performance during later life. The egg laying period and embryonic development of temperate and boreal zone amphibians often coincides with peak acidity resulting from spring snow-melt, but the effects of acid conditions during embryonic stage on subsequent performance are unknown. 2.,We investigated the potential carry-over effects of acidity during the embryonic stage on performance up to metamorphosis in the common frog (Rana temporaria) tadpoles. There were four combinations of acid (4.5) and neutral (7.5) pH treatments applied to the egg and larval stages in a factorial laboratory experiment. In addition, we studied the difference in embryonic and larval tolerance of acidity between two populations originating from circumneutral (pH 6.6) and acidic conditions (pH 4.8). 3.,The effects of acid conditions during the embryonic stage were sublethal, as indicated by delayed development and reduced size. Under acid conditions, tadpoles that had been raised in neutral water as embryos at first grew more slowly than tadpoles raised under acid conditions as embryos. At metamorphosis, no effects of embryonic acidity were detectable indicating that tadpoles were able to compensate fully for the initial reduction in growth. 4.,Acid conditions during the larval period had a strongly negative effect on survival, size and age at metamorphosis. The amount of food consumed was lower under acid conditions, suggesting that reduced food consumption was at least partly responsible for the negative effects. 5.,Although the two populations differed in the length of larval period, there was no indication of a differential response to the treatments in any of the metamorphic traits studied. 6.,These results suggest that, although moderate acid conditions during embryonic development affect growth and development negatively, this influence does not persist after conditions have returned to normal. However, even moderately acid conditions during the larval period may have a strong negative influence on survival and performance of the tadpoles. [source] Theta reset produces optimal conditions for long-term potentiationHIPPOCAMPUS, Issue 6 2004Holly McCartney Abstract Connections among theta rhythm, long-term potentiation (LTP) and memory in hippocampus are suggested by previous research, but definitive links are yet to be established. We investigated the hypothesis that resetting of local hippocampal theta to relevant stimuli in a working memory task produces optimal conditions for induction of LTP. The timings of the peak and trough of the first wave of reset theta were determined in initial sessions and used to time stimulation (4 pulses, 200 Hz) during subsequent performance. Stimulation on the peak of stimulus-reset theta produced LTP while stimulation on the trough did not. These results suggest that a memory-relevant stimulus produces a phase shift of ongoing theta rhythm that induces optimal conditions for the stimulus to undergo potentiation. © 2004 Wiley-Liss, Inc. [source] Neural Correlates of Encoding Predict Infants' Memory in the Paired-Comparison ProcedureINFANCY, Issue 3 2010Kelly A. Snyder The present study used event-related potentials (ERPs) to monitor infant brain activity during the initial encoding of a previously novel visual stimulus, and examined whether ERP measures of encoding predicted infants' subsequent performance on a visual memory task (i.e., the paired-comparison task). A late slow wave component of the ERP measured at encoding predicted infants' immediate performance in the paired-comparison task: amplitude of the late slow wave at right-central and temporal leads decreased with stimulus repetition, and greater decreases at right-anterior-temporal leads during encoding were associated with better memory performance at test. By contrast, neither the amplitude nor latency of the negative central (Nc) component predicted infants' subsequent performance in the paired-comparison task. These findings are discussed with respect to a biased competition model of visual attention and memory. [source] The Effect of Accuracy of Performance Evaluation on Learning From Experience: The Moderating Role of After-Event ReviewsJOURNAL OF APPLIED SOCIAL PSYCHOLOGY, Issue 3 2009Shmuel Ellis Two studies (one field, one experimental) found that the more accurately individuals evaluated their performance, the better they performed on a subsequent task. The first study also found that the more individuals overestimated their previous performance, the lower was their performance on the next task. In contrast, the evaluation accuracy of the underestimators was unrelated to their subsequent performance. The second study found that when participants received feedback from an external authority, the effect of the inaccuracy of self-performance evaluation on subsequent performance was reduced. The results of the 2 studies are explained in motivational and cognitive terms. [source] Self-Efficacy and Causal Attributions: Direct and Reciprocal LinksJOURNAL OF APPLIED SOCIAL PSYCHOLOGY, Issue 4 2000Alexander D. Stajkovic This study examines Bandura's (1986, 1997a) propositions that self-efficacy provides information from which causal attributions are made and that causal attributions, in turn, influence formation of subsequent self-efficacy expectations. We developed a conceptual rationale for and empirically tested 2 sets of hypotheses pertaining to direct and reciprocal links between self-efficacy and causal attributions. Effects of causal attributions and subsequently formed self-efficacy on subsequent task performance were also investigated. Results support the existence of direct and reciprocal links between self-efficacy and causal attributions. We found interactive effects between self-efficacy and performance feedback on causal attributions, and a mediating effect of causal attributions on the formation of subsequent self-efficacy beliefs. Causal attributions and subsequent self-efficacy also significantly predicted subsequent performance. [source] Critical habitat during the transition from maternal provisioning in freshwater fish, with emphasis on Atlantic salmon (Salmo salar) and brown trout (Salmo trutta)JOURNAL OF ZOOLOGY, Issue 4 2006J. D. Armstrong Abstract In freshwater fish, the transition from dependence on maternal yolk reserves to independent foraging can be an early critical period, with survival during this stage having a strong influence on population abundance and cohort strength. Information concerning Atlantic salmon Salmo salar and brown trout Salmo trutta as model species is reviewed to show how population dynamics are influenced by habitat use during the transitional stage and illustrate the role of maternal provisioning along with density-dependent and -independent factors. The allocation of resources in yolk and timing and position of spawning strongly influence the biotic and abiotic environments of juveniles and their subsequent performance. Vulnerability to predators, adverse environmental conditions and restricted conditions over which they can successfully forage result in specific habitat requirements for newly independent juveniles. The availability of slow-flowing habitats at stream margins during the first month of independence is crucial. Alteration of natural flow regimes and physical habitat structure, associated with a wide range of anthropogenic influences, can have significant deleterious effects on the availability of critical juvenile habitat. A model combining habitat structure and the relationship between density-dependent and -independent mortality is presented to explore the range of conditions under which the transitional period would have a strong influence on population abundance. This model provides a framework for establishing thresholds or optima for habitat availability that will favour sufficient recruitment out of the transitional stage. Using the modelling framework, managers can make informed decisions on the utility and cost effectiveness of fisheries and habitat management activities designed to increase juvenile survival during the transition to independence. A range of management options is outlined for improving habitat quality and increasing juvenile survival during the transitional period, including restoration of structural complexity, provision of suitable flow regimes, and tailoring stocking and reintroduction strategies to mimic natural dynamics. [source] Multiple mini-interviews: opinions of candidates and interviewersMEDICAL EDUCATION, Issue 2 2008Sarah Humphrey Objectives, To assess candidates' and interviewers' perceptions of the use of a multiple mini-interview (MMI) for selection of senior house officers (SHOs) to a UK regional paediatric training programme. Methods, Both candidates and interviewers completed anonymous questionnaires (comprising 16 and 25 questions, respectively). Demographic data were recorded for both groups. Data were analysed by frequencies; using Mann,Whitney and Kruskall,Wallis tests for comparisons; and Cronbach's alpha for internal consistency within the data. Results, Both candidates and interviewers were positive about the fairness of the MMI (mean scores of 4.0 and 4.4, respectively). The majority of candidates (83%) had not been to this type of interview before. Gender, age and previous experience of MMIs did not account for differences in candidate responses (P > 0.05). A total of 86% of candidates were international medical graduates who preferred the format more than UK graduates did (P = 0.01). Interviewers were mainly experienced consultants who agreed that the multi-station format was better than the traditional interview (mean score 4.8) and represented a reliable process (mean score 4.4). Interviewers were concerned about the range of competencies covered and the subsequent performance of candidates in post (mean scores 3.6 and 3.2, respectively). Conclusions, Both candidates and interviewers agreed that the MMI format was reliable, fair and asked appropriate, easy-to-understand questions. In high-stakes interviews such as for specialty training in Modernising Medical Careers programmes, it is vital that all concerned have confidence in the selection process. [source] The effects of verbalization on face recognition in young and older adultsAPPLIED COGNITIVE PSYCHOLOGY, Issue 6 2002Amina Memon To explore the forensic implications of ,verbal overshadowing' in young and older eyewitnesses, we examined the effects of providing a verbal face description on subsequent performance in a lineup task. Young (18,30 years) and older (60,80 years) adults viewed a videotaped crime and performed some unrelated cognitive tasks. Participants in the experimental condition were then asked to supply a description of the target person in the event or to perform a control task. Upon completing the description/control task participants attempted to identify the target person from a target present photo-lineup presented in a sequential or simultaneous mode. Older participants made more false choices and sequential testing reduced correct choices. There was a weak trend consistent with verbal overshadowing that was unrelated to age as well as measures of verbal and face-matching expertise. Although overshadowing reduced performance only slightly, it appeared to affect the self-reported use of a feature-matching strategy linked to accurate decisions by young adults and inaccurate decisions by senior adults. Copyright © 2002 John Wiley & Sons, Ltd. [source] The Effect of Upward Feedback on Managerial BehaviorAPPLIED PSYCHOLOGY, Issue 1 2004Peter A. Heslin Un feed-back de gratification a été donné par des subordonnés aux managers australiens d'une firme internationale de prestation de services. Dans cette recherche quasi-expérimentale, la perfomance au travail de ces managers, a pu être observée six mois plus tard par les subordonnés comme s'étant accrue par rapport à la performance initiale et à ceux obtenus par un groupe de comparaison. L'efficacité personnelle modère la portée de ces résultats suggérant qu'elle joue un rôle clé en déterminant des réactions comportementales au feed-back de gratification. L'orientation vers un but d'apprentissage fut corrélée de manière significative à leur performance subséquente. Upward feedback from subordinates was provided to Australian managers in an international professional services firm. The job performance of the managers in this quasi-experimental study was observed by subordinates to be significantly higher six months later, compared to both initial performance and subordinate ratings of a comparison group. Self-efficacy moderated this finding, suggesting that it plays a key role in determining behavioral reactions to upward feedback. The managers' learning goal orientation correlated significantly with their subsequent performance. [source] | |||||||||||||||||||