Science and Corporate Strategy: A Bibliometric Update of Hounshell and Smith

Hounshell and Smith's Science and Corporate Strategy: DuPont R&D, 1902- 1980 is one of the most comprehensive business history books ever written. In addition, it highlights the important relationship between corporate strategy and R&D activities. The purpose of this current paper is to update the information on DuPont's R&D activities using secondary data and bibliometrics. Our findings are that DuPont underwent a series of dramatic shifts in their R&D efforts during the 1980s and into the 1990s. For example, there was a focus on life sciences, a concerted attempt to reduce R&D, and an endeavour to align R&D more with core businesses. Beyond the bibliometrics, we found that corporate performance and changes in the top management team may have precipitated these changes in R&D. The implications of such relationships are also discussed.     

Ernährung bei Niereninsuffizienz

Zusammenfassung  Gezielte Auswahl bestimmter N?hrstoffe — Dialysepatienten müssen viele ihrer Lebensgewohnheiten umstellen. Das f?llt den meisten Betroffenen schwer, insbesondere wenn es um die konsequente Umstellung des Ern?hrungs- und Trinkverhaltens geht. Mit den richtigen Tipps k?nnen Sie Ihre Patienten dabei unterstützen.     

中东投资者为何令全球不安?

当阿拉伯投资者收购西方企业的股份时，西方各国的监管者可能会担忧，然而，巨大的石油美元储备已经使利率保持低水平并支持了金融资产。那么，石油美元剧增更广泛的影响是什么呢？     

Rural women and state policy: The Latin American agrarian reform experience

This review of 13 Latin American agrarian reforms shows that most have directly benefited only men. It is argued that this is largely because of the common designation of ‘households’ as the beneficiaries of an agrarian reform and the subsequent incorporation of only male household heads into the new agrarian reform structures. It is shown that a necessary, but not sufficient, condition for rural women to benefit on par with men is that they too be designated as beneficiaries. Women as well as men must be given access to land or the opportunity to participate within the agrarian cooperatives or state farms promoted by an agrarian reform. This comparative analysis of the Latin American agrarian reform demonstrates that this has happened only in countries where the incorporation of rural women to the reform is an explicit objective of state policy.     

Ethics and politics of resource allocation: The role of nursing

The use of ethics in everyday nursing practice will become increasingly important to the individual nurse, and nursing as a profession, as technology has a greater impact on health status and the provision of health care. Resource allocation is only one example of an ethical issue in which nursing must have input. Nursing can expand its contribution to society by ensuring that it plays a major role in shaping public policy and legislation. If nursing is to continue to serve the public, the involvement of nurses within the political process must be accepted as an ethical necessity.Margaret Keatings, RN, MHSc, is the Director, Nursing Practice in the Department of Medicine at Toronto General Hospital. She combines this role with a strong interest in biomedical ethics to serve as co-chair of the hospital's clinical ethics committee. Keatings is also an assistant professor in the University of Toronto Faculty of Nursing. In spring 1988, she participated in an exchange program between Toronto General Hospital and a teaching hospital in Cambridge, England.Diana Dick, RN, BScN, MEd, co-ordinated a national campaign of the Canadian Nurses Association resulting in two significant amendments to the Canada Health Act (1984). As Project Manager with the Registered Nurses' Association of Ontario, she initiated the Association's involvement in the Grange Inquiry. She has taught at Seneca College, practised nursing in special care units, and written and spoken both nationally and internationally on resource allocation. Currently she works in a branch of Ontario's Pay Equity Commission.     

ACTIVITIES OF MIDDLE MANAGERS — A TRAINING GUIDE

Abstract T his article argues that the teaching of practical management skills could, with advantage, be given more prominence in post-graduate and post-experience courses. If transference of learning is to take place, then the context in which the skills are practised on the job has to be discovered. Six items, selected from a previous research study of what managers do, were given to students enrolled for management courses. The results suggest that trouble shooting, forward planning, and briefing subordinates are important aspects of many managers'jobs. Teachers could ask their own students these questions, (or others of a similar nature) and formulate their practical skills objectives in response to the answers received. Suggestions on how this might be done are provided. If followed, the customer appeal of courses would be considerably enhanced.     

Martingale difference hypothesis and financial crisis: Empirical evidence from European emerging foreign exchange markets

This study investigates the effects of the recent global crisis on the relative efficiency of six CEE currency markets, using the generalized spectral test of Escanciano and Velasco (2006) in a rolling window approach. The empirical results show that the global crisis adversely affected the efficiency of most CEE currency markets, with the Turkish lira being hit the hardest, followed by the Russian ruble, Czech koruna, Romanian leu, Polish zloty and Hungarian forint. In the first stage of the crisis, covering the second half of 2008 and the first months of 2009, all foreign exchange markets experienced periods of inefficiency. In the second stage of the crisis, the Hungarian, Polish and Romanian foreign markets recovered market efficiency quickly, while Russia, Turkey and the Czech Republic continue to register a low degree of efficiency.     

Cross-border tax effects on affiliate investment—Evidence from European multinationals

Recent studies suggest that multinational firm activities at home and abroad are positively correlated which may be due to the use of common inputs (like marketing, patents, etc.). Then, a cost shock at one location may lead to reduced activity in all other locations within the firm. In this paper, we theoretically and empirically analyze national corporate tax policy in such a setting. Our main hypothesis is that corporate taxation at the parent location not only reduces the parent's capital stock but also lowers capital stocks at affiliates abroad. Using micro data on European multinational firms, we confirm the hypothesis showing that a 10 percentage point increase in corporate tax rates is associated with a 5.6% decrease in the affiliate's capital stock. From a welfare point of view, this cross-border tax effect on the capital stock gives rise to a negative fiscal externality of corporate taxation which is empirically shown to compensate a substantial fraction of the well-known positive externality due to profit shifting.