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Values
Kinds of Values Terms modified by Values Selected AbstractsPREDICTIVE VALUE OF ENDOSCOPY AND ENDOSCOPIC ULTRASONOGRAPHY FOR REGRESSION OF GASTRIC DIFFUSE LARGE B-CELL LYMPHOMAS AFTER HELICOBACTER PYLORI ERADICATIONDIGESTIVE ENDOSCOPY, Issue 4 2009Akira Tari Background:, Some gastric diffuse large B-cell lymphomas have been reported to regress completely after the successful eradication of Helicobacter pylori. The aim of this study was to investigate the clinical characteristics of gastric diffuse large B-cell lymphomas without any detectable mucosa-associated lymphoid tissue (MALT) lymphoma that went into complete remission after successful H. pylori eradication. Patients and Methods:, We examined the effect of H. pylori eradication in 15 H. pylori -positive gastric diffuse large B-cell lymphoma patients without any evidence of an associated MALT lymphoma (clinical stage I by the Lugano classification) by endoscopic examination including biopsies, endoscopic ultrasonography, computed tomography, and bone marrow aspiration. Results:,H. pylori eradication was successful in all the patients and complete remission was achieved in four patients whose clinical stage was I. By endoscopic examination, these gastric lesions appeared to be superficial. The depth by endoscopic ultrasonography was restricted to the mucosa in two patients and to the shallow portion of the submucosa in the other two patients. All four patients remained in complete remission for 7,100 months. Conclusion:, In gastric diffuse large B-cell lymphomas without a concomitant MALT lymphoma but associated with H. pylori infection, only superficial cases and lesions limited to the shallow portion of the submucosa regressed completely after successful H. pylori eradication. The endoscopic appearance and the rating of the depth of invasion by endosonography are both valuable for predicting the efficacy of H. pylori eradication in treating gastric diffuse large B-cell lymphomas. [source] TAXING LAND VALUE IS JUST ANOTHER QUESTIONABLE TAXECONOMIC AFFAIRS, Issue 4 2006Oliver Marc Hartwich There has recently been much public debate about the introduction of a land value tax. To its supporters such a tax promises to achieve several goals simultaneously. On closer inspection, however, the arguments in favour of land value taxation are not convincing. On the contrary, the economic foundations on which proponents of this tax rely are dubious, and there are significant legal, moral and practical problems with land value taxation. [source] THE PROCYCLICAL LEVERAGE EFFECT OF COLLATERAL VALUE ON BANK LOANS,EVIDENCE FROM THE TRANSACTION DATA OF TAIWANECONOMIC INQUIRY, Issue 2 2007NAN-KUANG CHEN We investigated the empirical relationship between firms' collateral values and land-secured loans over asset price cycles. A simultaneous equation model of loan demand and supply was estimated using a transaction-level data set from Taiwan. The data set contains collateral information and identifies lenders and borrowers. We found that the value of collateralizable assets has positive and significant effects on loan amounts and that the leverage effect of collateral is procyclical to asset price cycles. Firms in the electronics industry, the star industry in the sample period, are found to borrow more than other firms do at each marginal dollar of collateral. (JEL C50, E30, G20) [source] THE VALUE OF PRIVATISATION: THE CASE OF THE STATE BANK OF NSWECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 1 2001C.V. CURRIE First page of article [source] THE REACTION NORM FOR ABDOMINAL PIGMENTATION AND ITS CURVE IN DROSOPHILA MEDIOPUNCTATA DEPEND ON THE MEAN PHENOTYPIC VALUEEVOLUTION, Issue 1 2009Felipe Rocha The idea of a general independence between the phenotypic plasticity and the mean value of a trait is, presently, a consensus. Here, we use the reaction norm of abdominal pigmentation (number of dark spots) of Drosophila mediopunctata in response to temperature, to test this idea. We raised eight strains, bearing two different chromosomal inversions and with varying mean phenotypic values, under 11 temperatures in a thermal gradient to test for predictions concerning mean phenotypic values, chromosomal inversions, and reaction norms. Our results revealed a strong effect of different phenotypic groups and no effect of different karyotypes on reaction norms. Moreover, we found a significant negative correlation between mean phenotypic value and the curvature of the reaction norms, revealing a high dependency of the reaction norm shape on mean phenotypic value. These results clearly reject the idea of genetic independence between mean value and phenotypic plasticity, and may indicate a pattern of correlation, which may include results from other traits and species, with an importance that has not been fully appreciated. [source] BEHAVIORAL ADAPTATIONS INCREASE THE VALUE OF ENEMY-FREE SPACE FOR HELIOTHIS SUBFLEXA, A SPECIALIST HERBIVOREEVOLUTION, Issue 4 2002Sara J. Oppenheim Abstract We investigated the importance of specialized behaviors in the use of enemy-free space by comparing the host-use behavior of two closely related moths, Heliothis subflexa Guenee and H. virescens Fabricius. Heliothis subflexa is a specialist on plants in the genus Physalis, whereas H. virescens is an extreme generalist, feeding on plants in at least 14 families. Heliothis subflexa uses the inflated calyx surrounding Physalis fruits as enemy-free space, and field rates of parasitism for H. subflexa on Physalis are much lower than for H. virescens on tobacco and cotton, common hosts found in the same habitat as Physalis. If Physalis' architecture were solely responsible for H. subflexa's low rates of parasitism on Physalis, we predicted thatH. virescens larvae experimentally induced to feed on Physalis would experience parasitism rates similar to those ofH. subflexa. We found, however, that specialized host-use and host-acceptance behaviors are integral to the use of enemy-free space on Physalis and strongly augment the effects of the structural refuge. In laboratory assays, we found considerable differences between the larval behavior of the specialist, H. subflexa, and the generalist, H. virescens, and these contributed to H. subflexa's superior use of enemy-free space on Physalis. We tested the importance of these behavioral differences in the field by comparing parasitism of H. virescens on Physalis, H. virescens on tobacco, and H. subflexa on Physalis by Cardiochiles nigriceps Vierick, a specialist braconid parasitoid. For H. virescens, a threefold decrease in parasitism occurred when feeding on Physalis (mean parasitism ± SEM = 13 ± 4%) rather than tobacco (43 ± 4%), a difference we attribute to the structural refuge provided by Physalis. However, parasitism ofH. virescens on Physalis was more than ten times as great as that of H. subflexa on Physalis (1 ± 4%), supporting the hypothesis that specialized behaviors have a substantial impact on use of Physalis as enemy-free space. Behavioral adaptations may be central to the use of enemy-free space by phytophagous insects and may act as an important selective force in the evolution of dietary specialization. [source] PLASTICITY TO LIGHT CUES AND RESOURCES IN ARABIDOPSIS THALIANA: TESTING FOR ADAPTIVE VALUE AND COSTSEVOLUTION, Issue 6 2000Lisa A. Dorn Abstract Plants shaded by neighbors or overhead foliage experience both a reduction in the ratio of red to far red light (R:FR), a specific cue perceived by phytochrome, and reduced photosynthetically active radiation (PAR), an essential resource. We tested the adaptive value of plasticity to crowding and to the cue and resource components of foliage shade in the annual plant Arabidopsis thaliana by exposing 36 inbred families from four natural populations to four experimental treatments: (1) high density, full sun; (2) low density, full sun; (3) low density, neutral shade; and (4) low density, low R:FR-simulated foliage shade. Genotypic selection analysis within each treatment revealed strong environmental differences in selection on plastic life-history traits. We used specific contrasts to measure plasticity to density and foliage shade, to partition responses to foliage shade into phytochrome-mediated responses to the R:FR cue and responses to PAR, and to test whether plasticity was adaptive (i.e., in the same direction as selection in each environment). Contrary to expectation, we found no evidence for adaptive plasticity to density. However, we observed both adaptive and maladaptive responses to foliage shade. In general, phytochrome-mediated plasticity to the R:FR cue of foliage shade was adaptive and counteracted maladaptive growth responses to reduced PAR. These results support the prediction that active developmental responses to environmental cues are more likely to be adaptive than are passive resource-mediated responses. Multiple regression analysis detected a few costs of adaptive plasticity and adaptive homeostasis, but such costs were infrequent and their expression depended on the environment. Thus, costs of plasticity may occasionally constrain the evolution of adaptive responses to foliage shade in Arabidopsis, but this constraint may differ among environments and is far from ubiquitous. [source] INTERACTIONS AND INTERROGATIONS: NEGOTIATING AND PERFORMING VALUE FOR MONEY REPORTSFINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 3 2007Nina Sharma This paper explores the interactions, mediations and interrogations at play by the different actors involved in the final stages of the Value for Money reporting process. The VFM auditing arena is a complex setting with groups of actors carrying out various and at times, conflicting roles. Drawing on the dramaturgical writings of Goffman, the paper examines the ways in which these actors create and manage impressions of themselves. Differences in style, tone and rhetoric are analysed to understand the way in which key parties perform to their audiences. The paper shows how the cautionary style of VFM reports is mediated with the auditees and then elaborated and improvised by the Public Accounts Committee to construct drama into the final accountability process. It is argued that through the process of writing and presenting VFM reports, auditors, MPs and auditees perform roles to manage their identities and address expectations of their audiences. [source] The Value of VALUE: the importance of lowering blood pressure quicklyINTERNATIONAL JOURNAL OF CLINICAL PRACTICE, Issue 10 2004Graham Jackson No abstract is available for this article. [source] THE PREDICTIVE VALUE OF THE COCKCROFT-GAULT FORMULA AND THE MODIFICATION OF DIET IN RENAL DISEASE FORMULA FOR MORTALITY IN ELDERLY PEOPLEJOURNAL OF AMERICAN GERIATRICS SOCIETY, Issue 5 2009Joris I. Rotmans MD No abstract is available for this article. [source] SENTENCES WRITTEN DURING THE MINI-MENTAL STATE EXAMINATION: CONTENT AND DIAGNOSTIC VALUE IN COGNITIVELY HEALTHY ELDERLY PEOPLE AND PATIENTS WITH DEMENTIAJOURNAL OF AMERICAN GERIATRICS SOCIETY, Issue 12 2005Alexander Rösler MD No abstract is available for this article. [source] CREATING VALUE IN THE OIL INDUSTRYJOURNAL OF APPLIED CORPORATE FINANCE, Issue 1 2004Nick Antill In contrast with current thinking that conglomerates are inefficient, this article begins by presenting arguments in favor of the size and structure of the large integrated oil companies, also known as "the supermajors." Among the advantages are tax efficiency, information flow, political and technological know-how, broad supplier and customer relationships, scale economies, cross-business economies of scope, brand power, and the ability to coordinate strategic initiatives across businesses. These advantages all translate into a lower cost of capital. One problem, however, is that this lower cost of capital does not seem to be reflected in the target returns on capital currently set by the supermajors. Observing that the financial goal of a corporation is to maximize not its return on capital but rather the net present value of expected future cash flows and earnings, the authors argue that the majors need to make two major changes to current practice. First, their investment hurdle rates should be reduced from their current level of 14,15% to the weighted average cost of capital, which is estimated to run about 8,9%. Second, the actual returns on capital reported in published accounts are largely meaningless; and when evaluating new investments and existing operations alike, the companies must find an annual performance measure that better reflects the economic realities of the business. This paper recommends use of a performance measurement framework based on economic profit that should serve two critical purposes: it will encourage managers to undertake all value-increasing projects (not just those that will maintain or increase reported return on capital), and it will help the companies communicate their strategy and results to the investment community. [source] CREATING VALUE IN PENSION PLANS (OR, GENTLEMEN PREFER BONDS)JOURNAL OF APPLIED CORPORATE FINANCE, Issue 4 2003Jeremy Gold Pension funds are typically one-half to two-thirds invested in equities because equities are expected to outperform other financial assets over the long term, and the long-term nature of pension fund liabilities seems well suited to absorbing any short-term return volatility. What's more, U.S. GAAP currently makes it possible to take credit in advance for the higher anticipated earnings on equity investments without acknowledging their inherent risk. But by allowing the higher expected returns from stocks to reduce a company's current pension expenses, the accounting treatment conflicts with some very basic principles of finance (in particular, the idea that investors must earn higher returns on riskier investments just to "break even"), conceals systematic biases in the actuarial analysis, and gives managers considerable latitude to manipulate the bottom line. The authors suggest a startlingly different approach. They argue that pension assets should be invested entirely in duration-matched debt instruments for two reasons: (1) to capture the full tax benefits of pre-funding their pension obligations and (2) to improve overall corporate risk profiles by converting general stock market risk into firm-specific operating risk, where corporate managers should have a comparative advantage and can generate real value. Investing exclusively in bonds would take better advantage of the tax-exempt status of pension plans and greatly reduce fund management costs, while at the same time helping o shore up fund quality and sharpening corporate executives' focus on their real operating assets. [source] THE VALUE OF FILM STUDIOSJOURNAL OF APPLIED CORPORATE FINANCE, Issue 2 2002Martha Amram [source] TRANSFORMING ENRON: THE VALUE OF ACTIVE MANAGEMENTJOURNAL OF APPLIED CORPORATE FINANCE, Issue 4 2001Vince Kaminski Soon after Enron was formed as a regulated gas pipeline company in 1985, economic events forced a dramatic reorganization of the company. The result was the creation of an unregulated energy trading operation whose mission was to capitalize on opportunities arising from the deregulation of the natural gas market The initial form of the new business was that of a "gas bank" in which Enron became an intermediary between buyers and sellers of gas, locking in the spread as profit. Since there was no source of liquidity to the market, Enron had to develop its own risk management system. Furthermore, the need to respond quickly to rapidly changing market conditions required that Enron flatten its organizational structure and hire new people whose skills were better suited to the new decentralized organization. The focus of the new Enron accordingly became human and intellectual capital, not physical assets. Employees were encouraged to move about the firm to staff new business ventures. And in what may well be a unique feature in corporate America, Enron's top management today uses its human capital flows to guide its allocations of financial capital. Other aspects of the Enron model include attempts to capitalize on the option (as opposed to current DCF) value of assets, recognition of the value of networks in adding value to trading platforms, and the use of mark-to-market accounting for business transactions as a means of ensuring transparency and promoting timely decision-making. [source] BANK OF AMERICA ROUNDTABLE ON THE REAL OPTIONS APPROACH TO CREATING VALUE IN THE NEW ECONOMYJOURNAL OF APPLIED CORPORATE FINANCE, Issue 2 2000Article first published online: 6 APR 200 [source] KNOWING THE SELF AND KNOWING THE "OTHER": THE EPISTEMOLOGICAL AND HEURISTIC VALUE OF THE YIJINGJOURNAL OF CHINESE PHILOSOPHY, Issue 4 2006RICHARD J. SMITHArticle first published online: 8 NOV 200 [source] COMBINING REVEALED AND STATED PREFERENCE DATA TO ESTIMATE THE NONMARKET VALUE OF ECOLOGICAL SERVICES: AN ASSESSMENT OF THE STATE OF THE SCIENCEJOURNAL OF ECONOMIC SURVEYS, Issue 5 2008John C. Whitehead Abstract This paper reviews the marketing, transportation and environmental economics literature on the joint estimation of revealed preference (RP) and stated preference (SP) data. The RP and SP approaches are first described with a focus on the strengths and weaknesses of each. Recognizing these strengths and weaknesses, the potential gains from combining data are described. A classification system for combined data that emphasizes the type of data combination and the econometric models used is proposed. A methodological review of the literature is pursued based on this classification system. Examples from the environmental economics literature are highlighted. A discussion of the advantages and disadvantages of each type of jointly estimated model is then presented. Suggestions for future research, in particular opportunities for application of these models to environmental quality valuation, are presented. [source] INCORPORATING FINANCING-RELATED DETERMINANTS OF VALUE IN THE DISCOUNTED CASH FLOW MODELJOURNAL OF ECONOMIC SURVEYS, Issue 2 2008Seth Armitage Abstract The paper discusses how some of the main types of interaction between financing and value can be incorporated in the discounted cash flow model of valuation, including effects arising from taxes, transactions costs, disclosure, information asymmetry and agency problems. It explains whether a given effect should appear in a project's cash flows, in its cost of capital or as an upfront adjustment to value. Most of the effects imply that the principle of value additivity does not hold. [source] CLONAL HERBAL EXTRACTS AS ELICITORS OF PHENOLIC SYNTHESIS IN DARK-GERMINATED MUNGBEANS FOR IMPROVING NUTRITIONAL VALUE WITH IMPLICATIONS FOR FOOD SAFETYJOURNAL OF FOOD BIOCHEMISTRY, Issue 3 2002PATRICK McCUE ABSTRACT Plant phenolics are secondary metabolites that confer beneficial properties to the plants that produce them. Extracts made from plants that produce these phytochemicals are increasingly being recognized for their antimicrobial properties. In this study, we investigated extracts made from high-phenolics-producing clonal lines of oregano and thyme for potential as elicitors of phenolic antioxidant production in dark-germinated mungbean (Vigna radiata,). Mungbean was dark-germinated under the rationale that any energy stored in the bean seed in the form of starch may potentially be utilized for enhanced phenolics production, since without a light source the dark-germinated seedling may not stimulate the development of photosynthetic components. Wafer-based herb extracts showed the greatest ability to stimulate phenolic content in dark-germinated mungbeans. Three of the oregano extracts were investigated further and showed an ability to stimulate glucose-6-phosphate dehydrogenase (G6PDH), guaiacol peroxidase (GPX), and antioxidant activity. These results suggest that the extracts contain an active elicitor that stimulates phenolic antioxidant content, as well as activity of the pentose-phosphate pathway. In addition, the results of this study suggest that extracts of high-phenolics-producing clonal plants may have potential in the food and agriculture industry as seed treatments for preventing bacterial infection in germinating sprouts by stimulating phenolic antioxidant-producing pathways, as well as for increasing the nutritional value of sprouts for human consumption. [source] THE VALUE OF KNOWLEDGE AND THE PURSUIT OF SURVIVALMETAPHILOSOPHY, Issue 3 2010SHERRILYN ROUSH Abstract: Knowledge requires more than mere true belief, and we also tend to think it is more valuable. I explain the added value that knowledge contributes if its extra ingredient beyond true belief is tracking. I show that the tracking conditions are the unique conditions on knowledge that achieve for those who fulfill them a strict Nash Equilibrium and an Evolutionarily Stable Strategy in what I call the True Belief Game. The added value of these properties, intuitively, includes preparedness and an expectation of survival advantage. On this view knowledge is valuable not because knowledge persists but because it makes the bearer more likely to maintain an appropriate belief state,possibly nonbelief,through time and changing circumstances. When Socrates concluded that knowledge of the road to Larissa was no more valuable than true belief for the purpose of getting to Larissa, he did not take into account that one might want to be prepared for a possible meeting with a misleading sophist along the way, or for the possibility of road work. [source] THE ECONOMIC VALUE OF ENVIRONMENTAL RESEARCH IN UNDERSTANDING THE RELATIVE CONTRIBUTIONS OF SOURCES OF NUTRIENTS TO COASTAL WATERSNATURAL RESOURCE MODELING, Issue 2 2006DI JIN ABSTRACT. We model the value of environmental research in the presence of uncertainty about thesources of environmental pollutants and natural processes affecting the level of pollution. The model may be used to estimate the value of environmental research directed at resolving the uncertainty. We illustrate the model using a numerical simulation of a hypothetical case involving nutrient pollution of coastal waters. We show that the ex ante value of research is positively related to the level of uncertainty. There is a diminishing return with respect to the level of research investment. We find that research is more valuable ex post if it leads to unexpected findings. [source] HEGEL's SOCIAL THEORY OF VALUEPHILOSOPHICAL FORUM, Issue 3 2005JEAN-PHILIPPE DERANTY First page of article [source] THE VALUE OF SKU RATIONALIZATION IN PRACTICE (THE POOLING EFFECT UNDER SUBOPTIMAL INVENTORY POLICIES AND NONNORMAL DEMAND)PRODUCTION AND OPERATIONS MANAGEMENT, Issue 1 2003JOSÉ A. ALFARO Several approaches to the widely recognized challenge of managing product variety rely on the pooling effect. Pooling can be accomplished through the reduction of the number of products or stock-keeping units (SKUs), through postponement of differentiation, or in other ways. These approaches are well known and becoming widely applied in practice. However, theoretical analyses of the pooling effect assume an optimal inventory policy before pooling and after pooling, and, in most cases, that demand is normally distributed. In this article, we address the effect of nonoptimal inventory policies and the effect of nonnormally distributed demand on the value of pooling. First, we show that there is always a range of current inventory levels within which pooling is better and beyond which optimizing inventory policy is better. We also find that the value of pooling may be negative when the inventory policy in use is suboptimal. Second, we use extensive Monte Carlo simulation to examine the value of pooling for nonnormal demand distributions. We find that the value of pooling varies relatively little across the distributions we used, but that it varies considerably with the concentration of uncertainty. We also find that the ranges within which pooling is preferred over optimizing inventory policy generally are quite wide but vary considerably across distributions. Together, this indicates that the value of pooling under an optimal inventory policy is robust across distributions, but that its sensitivity to suboptimal policies is not. Third, we use a set of real (and highly erratic) demand data to analyze the benefits of pooling under optimal and suboptimal policies and nonnormal demand with a high number of SKUs. With our specific but highly nonnormal demand data, we find that pooling is beneficial and robust to suboptimal policies. Altogether, this study provides deeper theoretical, numerical, and empirical understanding of the value of pooling. [source] THE VALUE OF THE REMUNERATION OF HIGH CIVIL SERVANTS IN BRITAIN IN THE 20TH CENTURY AND ITS IMPLICATIONSPUBLIC ADMINISTRATION, Issue 4 2008JOHN D. RIMINGTON The article traces a large real and comparative decline in the rewards of high civil servants in Great Britain over the 20th century, accelerating since about 1970. It relates this to developments in the market for ,high quality' graduates and to changes in public and governmental attitudes which have affected the size, organization and role of the civil service. It discusses possible causes of the decline in top rewards in terms of three explanatory approaches suggested by social scientists , the ,institutional', the ,cultural', and the views of the ,Chicago School'. Finally, following an examination of changes in the way senior British civil servants are now recruited and remunerated, it considers possible outcomes in terms of effects on the part they can play in the governmental process. [source] INTERRELIGIOUS DIALOGUE AND THE VALUE OF OPENNESS; TAKING THE VULNERABILITY OF RELIGIOUS ATTACHMENTS INTO ACCOUNTTHE HEYTHROP JOURNAL, Issue 5 2010MARIANNE MOYAERTArticle first published online: 17 MAR 2010 First page of article [source] ESTIMATING THE VALUE OF DELIVERY OPTIONS IN FUTURES CONTRACTSTHE JOURNAL OF FINANCIAL RESEARCH, Issue 3 2005Jana Hranaiova Abstract We analyze the effect various delivery options embedded in commodity futures contracts have on the futures price. The two embedded options considered are the timing and location options. We show that early delivery is always optimal when only a timing option is present, but not so when joint options are present. The estimates of the combined options are much smaller than the comparable estimates for the timing option alone. The average value of the joint option is about 5% of the average basis on the first day of the maturity month. This suggests that joint options can increase deliverable supplies while potentially having only a small effect on basis behavior. [source] CAN INEFFICIENT TRADERS CREATE VALUE?THE JOURNAL OF FINANCIAL RESEARCH, Issue 4 2004C. N. V. Krishnan Abstract I examine the aggregate expected profit generated by informed traders of diverse ability in a competitive market. I assume that efficient traders get perfect information on asset values whereas inefficient traders get noisy information. In the presence of order size restrictions, I show that the aggregate expected profit generated by efficient and inefficient traders together can be higher than that generated by efficient traders alone. Thus, inefficient traders can create value in a constrained trading environment. [source] ART, EMOTION, ETHICS: CONCEPTUAL BOUNDARIES AND KINDS OF VALUEANALYTIC PHILOSOPHY, Issue 3 2009ELISABETH SCHELLEKENS First page of article [source] MENTORING: HISTORICAL ORIGINS AND CONTEMPORARY VALUEANZ JOURNAL OF SURGERY, Issue 10 2008FRACS, Ian Gough MD No abstract is available for this article. [source] | |||||||||||||||||||||||||||||||||||||