Abstract Taking advantage of the implementation 2003 European Commission (EC) directive on financial reporting, we explore impact mandatory disclosure mergers and acquisitions (M&A). We find robust evidence that number (and volume) private firms becoming an M&A target increases with disclosure. Analyses cross-industry differences, deal-level data, post-deal performance indicate activity by reducing information frictions in market for corporate control. Authors have furnished Internet...

The production of Explorer roses has historically been attractive due to the acceptance product around world. This species presents high sensitivity physical contact and manipulation, creating a challenge keep final quality after cultivation. In this work, we present system that combines capabilities intelligent computer vision unmanned aerial vehicles (UAVs) identify state ready for uses deep learning-based approach estimate rose crop yields by identifying open closed rosebuds in field...

Does the presence of multiple and unrelated family controllers improve firm performance? Drawing on both agency behavioral theories, we argue that multifamily firms outperform single-family since families in actively monitor owners’ socioemotional goals. Additionally, suggest a balanced distribution control among owning facilitates monitoring process. Finally, focal relationship follows an inverted U-shaped pattern depending number controlling firm. We test our hypotheses using sample...

Target detection is one of the most important applications radar systems. However, task processing echoed signals to determine whether a valid target exists, or if it just noise, not simple. Constant false alarm rate detectors have traditionally been used in processors using classical hypothesis testing methods, and moving indicator (MTI) detector (MTD) algorithms discriminate targets from clutter (i.e., unwanted noise). On other hand, machine learning research has significantly improved...

Abstract Research Summary We examine the relationship among inheritance taxes, shareholder protection, and family firms' market value. Drawing on firm, corporate governance, institutional complementarities literature, we argue that taxes act as external governance mechanisms for decoupling business families' socioemotional goals. However, this depends upon minority investor protections. In strong protection countries, incentives self‐governance created by high are offset loss of autonomy...

We find that firms meet or just beat last’s year earnings (henceforth, MBE firms) have a lower post-filing stock return volatility in the month following 10-K filing. also this negative relation is stronger for providing more readable 10-K. Furthermore, we document joint effect pronounced scenarios where investors face higher screening costs. The results are consistent with facilitating valuation process when meeting market expectations by precise and well-written financial reports. Our...

Business families directly participating in political roles have considerable influence various countries. We explore business families’ unique economic and social characteristics through a embeddedness lens. build comprehensive dataset of Chilean identify their direct participation from 1989 to 2020. find limited support for features tied participation, whereas characteristics, such as nationally rooted origins, religious affiliations, family generation, are shared families. extend the...

Across the world --from Italy's Berlusconi, to US's Kennedy family, Chile's Matte --wealthy business families have not only been part of economic elite but are also political powerhouses.This phenomenon raises question: What drives these engage in politics?Along with fellow researchers Patricio Duran and Michael Carney, I studied their motivations by looking at Chilean direct participation politics from 1989 2020.Our research revealed that reasons extend beyond mere gains, it can apply many...

The present article shows the different results of rheological properties magneto-rheological fluid (MRF-140CG; LORD Co. (USA), focused on predicting its behavior in devices that use these materials, to characterize MRF-140CG several tests were performed using a rotational rheometer Anton Paar Physica MRC-501 equipped with magnetic cell MRD-70/1Text, according DIN-53018, fields from 0 T maximum 800mT increments 200mT and temperatures 20 50°C 10°C each test. In addition, order determine...

This paper talks about the implementation of an advanced Bayesian digital signal processor applied on Skyguard Ecuadorians army radar. new auto-regressive uses adaptive filters for clutter cancelation, allowing its in general purpose hardware. The proposed is tested both a simulated environment and using real signals obtained from Radar. Using signal-to-clutter rate lower than 0 dB with probability detection higher 90% Receiver Operating characteristic Curves Moving Target Indication,...

Inheritance law is a family-oriented legal institution shaping how families transfer wealth across generations. This review discusses the main components of inheritance (inheritance tax rate, and testamentary freedom), they impact business families. It also explores common strategies used by to mitigate effects law, such as family trusts corporate ownership transactions. Finally, this evidence laws on their social inequality. Overall, provides comprehensive overview its implications for

We study how offshore vehicles (OVs) in tax havens affect domestic investment and revenues among private firms. OVs encourage by reducing the burden of OV users. The induced can potentially expand taxable income, creating a trade-off that may counterbalance direct base erosion traditionally associated with OVs. To test these hypotheses, we build analyze large data set European firms identified as users leaks. Our findings suggest invest more pay taxes, effects are stronger for standalone...

This article is about the design and construction of a Diverting Sorting mobile robot table for testing motion control techniques, consists nine modules with two degrees freedom each one in three times matrix configuration; dual rack gear track bottom move between modules, combined module allows transport objects. Computer vision techniques are employed this case Pinhole camera model detection location carry Each characteristics parts that form mechanical system explained detail. The...

The present research presents the construction of a robotic equipment used in rehabilitation fingers for people after an Ictus, is constituted by sliding crank mechanism connection each finger independently, static and dynamic characteristic parts were designed with anthropometric measures. In addition, architecture control based on PID-Fuzzy proposed that achieves adaptive patient, which allows to have software personalized therapies incorporates database recording stages their according...

Mandated financial reports allow industry participants to learn about liquidity risk factors and growth opportunities. While learning reduces uncertainty thus discourages cash accumulation, new profitable projects leads the opposite prediction since it triggers accumulation as a financing vehicle. In this study, we benefit from Europe's mandatory reporting regulations use threshold-induced variation in percentage of mandated firms given test which channel predominates. We find that extensive...

Taking advantage of the implementation European Commission directives on financial reporting private firms, we explore impact mandatory disclosure mergers and acquisitions. We find robust evidence that volume firms becoming target in M&A deals is positively correlated with disclosure. The analyses deal characteristics post-deal performance confirm our interpretation increases activity by reducing asymmetric information uncertainty.