Legal evolution of the concept of ‘home base’ for the purpose of determining labour and social security law applicable to European aircrew members

This paper has a dual aim: (1) to outline the legal evolution of the ‘home base’ concept and (2) to map the role of this concept in determining the law applicable (both employment law and social security law) to employment contracts of European aircrew members. An in-depth analysis of the relevant portions of (1) Reg. (EEC) No 3922/91, (2) Reg. (EU) No 465/2012, (3) Reg. (EU) No 83/2014, (4) EASA's 2014 Certification Specifications, and (5) the European Court of Justice's preliminary ruling on joined cases C-168/16 and C-169/16 is conducted.What emerges is that (1) the ‘home base’ definition, due to its subjectivity, has traditionally been susceptible to multiple interpretations and (2) due to regulatory ambiguity, the use of ‘home base’ to identify the labour laws applicable to airline workers has for a long time been inconsistent, ranging from one extreme (being considered a key element for this purpose) to the other (being assigned a secondary role). It was only in the last few years that some improvements were made, with Reg. (EU) No 465/2012 first and the European Court of Justice's 2017 preliminary ruling then, clarifying that the ‘home base’ concept must be assigned a central role in the determination of the law (both social security law and employment law) applicable to employment contracts in the aviation industry.     

Valuing Initial Public Offerings Using Article 11 Pro Forma Financial Information in the Prospectus*

We investigate whether Article 11 pro forma financial information assists investors in valuing IPOs. While the SEC expects it to be helpful in assisting investment decisions, Article 11 pro forma financial information is based on registrants' understanding and assumptions, and registrants can exercise their own judgment when preparing pro forma financial statements. It is therefore an empirical question whether the information contained in pro forma financial statements is useful to investors. We examine the association between pro forma adjustments of earnings and book value of equity and the IPO offer value and find asymmetric results. While positive pro forma adjustments of earnings and book value of equity are positively associated with the IPO offer value, negative pro forma adjustments of earnings and book value of equity are negatively associated with the IPO offer value, suggesting that negative pro forma adjustments are priced as growth opportunities. Additional analyses reveal that the association between pro forma adjustments of book value of equity and the IPO offer value varies across different time periods and industries and that pro forma adjustments of book value of equity are initially mispriced by investors. In contrast, we do not find similar results for pro forma adjustments of earnings. Further empirical tests show that the asymmetric results of mispricing of pro forma adjustments of earnings and book value of equity may be explained by the requirements of Article 11 of Regulation S‐X for pro forma adjustments dictating that adjustments to earnings reflect only recurring items while adjustments to book value reflect both recurring and nonrecurring items.     

Geography of Italian student mobility: A network analysis approach

Understanding the phenomenon of intra- and international student mobility has become increasingly relevant to the organization of tertiary education systems. Using microdata information provided by the Italian National Student Archive on the cohorts of students enrolled at university in the academic years 2011–12 and 2014–15, we consider a network analysis approach to investigate the incoming and outgoing student flows between territories and universities. More specifically, the paper aims to shed light on the dynamics of Italian student mobility networks at both the bachelor's and master's degree levels by considering attractiveness indicators combined with network centrality measures, clustering techniques for network data and explanatory models. We analyze the partition of the global network structure by means of blockmodeling analysis and we explain the determinants of the differences among universities in attracting students adopting a quantile regression analysis.     

基于B/S模式的高校量化管理系统的应用研究

本文分析了目前高校教学量化管理工作中普遍存在的问题和矛盾,提出了一种基于B/S模式的高校教师教学工作量化管理网络化系统的解决方案,论述了系统开发的必要性和实际意义;文章介绍了系统的结构及主要功能模块,以及系统在实践中的应用效果。     

高职经管类实训室践行“6S”现场管理的探索

6S管理可以改善现场环境,提升职业素养,培养协作能力,深化校企合作。本文主要从上述方面论述了在高职经管类实训室中实施6S管理的必要性,以及在推行过程中存在的问题,并针对问题展开讨论,找出了一些问题的解决对策。     

Lumpy Investment and Corporate Tax Policy

In the presence of both convex and nonconvex capital adjustment costs in a dynamic general equilibrium model, corporate tax policy generates both intensive and extensive margin effects via the channel of marginal Q. Its impact is determined largely by the strength of the extensive margin effect, which, in turn, depends on the cross‐sectional distribution of firms. Depending on the initial distribution of firms, the economy displays asymmetric responses to tax changes. Moreover, an anticipated increase in the future investment tax credit reduces investment and adjustment rate initially.     

水锁作用对煤体瓦斯涌出影响的研究与发展

矿井工作面瓦斯超限严重影响着矿井安全生产和生产效率,现用解决该问题的方法存在局限性,不能广泛适用于所有矿井。针对该问题,采用水及含添加剂水阻碍和延缓煤体内瓦斯解吸速度,以达到降低工作面瓦斯涌出量的目的。本文通过对其抑制原理相关研究的介绍,为同类工作面瓦斯超限治理提供基础理论依据。     

高墩连续梁0号块施工关键技术

京沪高速铁路南京南站枢纽仙西联络线秦淮河特大桥2联(48+80+48)m连续梁分别跨京沪高速铁路和宁杭高速公路。连续梁主墩柱高31.5m,其施工难度大、工期紧,是联络线重点工程。本文系统介绍高墩连续梁0号块钢牛腿托架结构体系设计、支架结构验算、钢牛腿安装以及混凝土浇筑注意事项,可为同类桥梁结构提供有益的参考。     

在实训教学中推行“5S”管理

起源于日本的"5s"管理,是指在对生产现场的生产要素,如:人员、机器、材料和方法等进行的有效管理,这是日本企业独特的一种管理办法。由于应用此方法能够有效推动企业的良好发展,因此,现在已广泛应用于我国的各类型企业中,但是以职业技能教育为主的高职学院各类实训中心却少有应用,本文将介绍"5S"管理的作用及如何应用于实训中心教学管理中。     

6S优化检维修管理模式的实施

为提高设备检维修现场管理水平,中国石化南通石油分公司大岸桥石油机械厂钳工车间将6S现场管理理念导入钳工车间日常检维修管理中,通过对检维修现状和方式的分析,创新管理理念,制定有效的计划及措施并落到实处,使钳工现场检维修管理模式得到优化,提升了车间的管理水平。