Performance appraisal is a process which help shareholders make informed and optimal investment decisions. In recent decades, a long stream of research has devoted particular attention to the importance and impact of financial decisions on firm performance and firm value. The present study thus is primarily concerned with investigating the association between free cash flow and institutional ow...

Stellar fluxes from the 2MASS catalog are used to remove the contribution due to Galactic stars from the intensity measured by DIRBE in 13 regions in the North and South Galactic polar caps. Allowing for a constant calibration factor between the DIRBE 3.5 μm intensity and the 2MASS 2.2 μm fluxes gives very small pixel to pixel scatter. After subtracting the interplanetary and Galactic foregroun...

[This corrects the article on p. 192 in vol. 33, PMID: 29159167.].

This paper studies the effects of effluent taxes on firms’ allocation of resources to cost-reducing and emission-reducing R&D, and on entrepreneurs’ decisions to develop new goods and enter the market. A tax set at an exogenous rate that does not depend on the state of technology reduces growth, the level of consumption of each good, and raises the number of firms. The induced increase in the v...

BACKGROUND Coverage decisions determining the benefit baskets of health systems have been increasingly relying on evidence regarding patient benefit and costs. Relevant structures, methodologies, and processes have especially been established for pharmaceuticals but approaches differ. The objective of this work was thus to identify institutions in a broad range of European countries (n = 36) in...

Scientific research has shifted from studies conducted by single investigators to the creation of large consortia. Genetic epidemiologists, for example, now collaborate extensively for genome-wide association studies (GWAS). The effect has been a stream of confirmed disease-gene associations. However, effects on human subjects oversight, data-sharing, publication and authorship practices, resea...

Institutions are the result of many individual decisions. Understanding how agents filter available information concerning the behaviour of others is therefore crucial. In this paper we investigate whether and how agents’ selfefficacy beliefs affect mimetic behaviour and thus, implicitly the evolution of institutions. We propose an experimental task, which is a modified version of the two-armed...