Institutions and firm ownership structure:evidence from Central and Eastern Europe

FDI plays a key role in development, particularly in resource-constrained transition economies of Central and Eastern Europe with relatively low savings rates. Gains from technology transfer play a critical role in motivating FDI, yet potential for it may be hampered by a large technology gap between the source and host country. While the extent of this gap has traditionally been attributed to education, skills and capital intensity, recent literature has also emphasized the possible role of institutional environment in this respect. Despite tremendous interest among policy-makers and academics to understand the factors attracting FDI (Bevan and Estrin, 2000; Globerman and Shapiro, 2003) our knowledge about the effects of institutions on the location choice and ownership structure of foreign firms remains limited. This paper attempts to fill this gap in the literature by examining the link between institutions and foreign ownership structures. To the best of our knowledge, Javorcik (2004) is the only papers, which use firm-level data to analyse the role of institutional quality on an outward investor’s entry mode in transition countries. Our paper extends Javorcik (2004) in a number of ways: (a) rather than a cross-section, we use panel data for the period 1997-2006; (b) rather than a binary variable, we use the percentage foreign ownership as continuous variable; (c) we consider multi-dimensional institutional variables, such as corruption, intellectual property rights protection and government stability. We also use factor analysis to generate a composite index of institutional quality and see how stronger institutional environment could affect foreign ownership; (d) we explore how the distance between institutional environment in source and host countries affect foreign ownership in a host country. The firm-level data used includes both domestic and foreign firms for the period 1997-2006 and is drawn from ORBIS, a commercially available dataset provided by Bureau van Dijk. In order to examine the link between institutions and foreign ownership structures, we estimate four log-linear ownership equations/specifications augmented by institutional and other control variables. We find evidence that the decision of a foreign firm to either locate its subsidiary or acquire an existing domestic firm depends not only on factor cost differences but also on differences in institutional environment between the host and source countries.

The diagenesis and palaeomagnetism of permian and triassic sediments from central Spain

Detailed diagenetic and palaeomagnetic studies have been made of Permian and Triassic rocks from the Iberian Cordillera, Spain. Five stratigraphical units comprising the Autunian, Saxonian, Buntsandstein, Muschelkalk, and Keuper have been studied in a number of sections which have been well documented sedimentologically. Autuninan rocks have a characteristic remanence which is exclusively reversed and corresponds to the Kiaman Interval. The pole position identified is consistent with previous studies, which indicate the rotation of Iberia in post-Triassic times. The Saxonian facies show complex multicomponent magnetizations; no polarity zonation can be resolved. The Buntsandstein is remarkable in that much of it is remagnetised in a direction similar to the present-day local geomagnetic field direction. The secondary remanence is carried by fine-grained haematite which has been formed as a result of carbonate dissolution associated with structural inversion of the Iberian Cordillera. Dating of diagenetic events associated with this remagnetization is also possible. Fragments of primary remanence are preserved in some fine-grained lithologies of the Buntsandstein. These indicate that normal and reversed zones of magnetization were originally present. The magnetization of the Muschelkalk and Keuper carbonates is also complex; secondary components similar to those of the Buntsandstein are present but there is evidence that primary components were predominantly normal during Karnian times.

Nematode absolute densities and genus counts from four stations near the Antarctic Peninsula, collected with a multicorer device during POLARSTERN cruise ANT-XXIX/3 in January-March 2013

Marine free-living nematode communities were studied at similar depths (~500m) at two sides of the Antarctic Peninsula, characterised by different environmental and oceanographic conditions. At the Weddell Sea side, benthic communities are influenced by cold deep-water formation and seasonal sea-ice conditions, whereas the Drake Passage side experiences milder oceanic conditions and strong dynamics of the Antarctic Circumpolar Current. Surface primary productivity contrasted with observed benthic pigment patterns and varied according to the area studied: chlorophyll a concentrations (as a proxy for primary production) were high in the Weddell Sea sediments, but low in the surface waters above; this pattern was reversed in the Drake Passage. Differences between areas were largely mirrored by the nematode communities: nematode densities peaked in Weddell stations and showed deeper vertical occurrence in the sediment, associated with deeper penetration of chlorophyll a. Generic composition did not differ markedly between both areas, but rather showed distinct community shifts with depth in the sediment.

“Never Give up:” The Strengths and Strategies Used Among Undocumented College Students From Central America to Access and Persist in U.S. Higher Education

The purpose of this study was to identify the strengths and strategies that undocumented college students from Central America used to access and persist in United States higher education. A multiple-case study design was used to conduct in-depth, semi-structured interviews and document collection from ten persons residing in Illinois, Maryland, Ohio, Texas, and Washington. Yosso’s (2005, 2006) community cultural wealth conceptual framework, an analytical and methodological tool, was used to uncover assets used to navigate the higher education system. The findings revealed that participants activated all forms of capital, with cultural capital being the least activated yet necessary, to access and persist in college. Participants also activated most forms of capital together or consecutively in order to attain financial resources, information and social networks that facilitated college access. Participants successfully persisted because they continued to activate forms of capital, displayed a high sense of agency, and managed to sustain college educational goals despite challenges and other external factors. The relationships among forms of capital and federal, state, and institutional policy contexts, which positively influenced both college access and persistence were not illustrated in Yosso’s (2005, 2006) community cultural wealth framework. Therefore, this study presents a modified community cultural wealth framework, which includes these intersections and contexts. In the spirit of Latina/o critical race theory (LatCrit) and critical race theory (CRT), the participants share with other undocumented students suggestions on how to succeed in college. This study can contribute to the growing research of undocumented college students, and develop higher education policy and practice that intentionally consider undocumented college students’ strengths to successfully navigate the institution.

Effect of compost application on some properties of a volcanic soil from central south Chile.

2009

Annotated record of the detailed examination of Mn deposits from the TRANSINDIK R/V Valdivia (VA 07) cruise stations

The studied material was taken from Central Indian Ocean central, during the "TRANSINDIK" campaign of the R/V Valdivia. The campaign was conducted from 14 December 1973 until 23 January 1974, between Beira (Mozambique) and Singapore via Port Louis (Mauritius). The samples were taken on 14 stations aligned on a profile trending West, following approximately the 15th parallel (south). This profile cuts through the Mascarene plateau Basin. The preliminary study presented in this report was carried out as part of a study into the genesis and diagenesis the ocean deposits of the central and southern areas of the Indian Ocean (Laboratoire de GÈologie du MusÈum d'Histoire Naturelle - R.C.P. 212) and under the CNEXO No. 74/1017 contract. The data collected supplements the results of the OSIRIS campaign (R/V Marion Dufresne - TAAF) concerning relations existing between morphostructure and sedimentation and, more particularly, the nature and age of metalliferous deposits associated with Mn concretions.

Geochemistry on manganese nodules from the central Pacific

During Cruise VA 04/2 of the R. V. Valdivia in 1972, numerous samples were collected of manganese nodules, sodiments, and the pore water of the Sediments in the area betwoen 6° N and 11° N and between 149° W and 154° W in the Central Pacific. This paper reports on the geochemical study of 70 manganese nodules from 12 stations (box-core and dredge samples). The nodules Irom a single Station vary considerably in diemical composition. These variations are of the same magnitude as the variations in nodule composition over the entire survey area. The ratios of manganese to nickel, copper, and zinc show good positive correlation as do the ratios of iron to lead and, to a lesser extent, of iron to cobalt. No correlation was found between the environment of the manganese nodules and their metal content. Three internal zones, the outer. intermediate, and core zones, of some nodules were studied in detail. Trends of differences of Chemical composition from surface to core were found for numerous elements and elemental ratios.

Aerosol characteristics and radiative impacts over the Arabian Sea during the intermonsoon season: Results from ARMEX field campaign

During the second phase of the Arabian Sea Monsoon Experiment (ARMEX-II), extensive measurements of spectral aerosol optical depth, mass concentration, and mass size distribution of ambient aerosols as well as mass concentration of aerosol black carbon (BC) were made onboard a research vessel during the intermonsoon period (i.e., when the monsoon winds are in transition from northeasterlies to westerlies/ southwesterlies) over the Arabian Sea (AS) adjoining the Indian Peninsula. Simultaneous measurements of spectral aerosol optical depths (AODs) were made at different regions over the adjoining Indian landmass. Mean AODs (at 500-nm wavelength) over the ocean (similar to0.44) were comparable to those over the coastal land (similar to0.47), but were lower than the values observed over the plateau regions of central Indian Peninsula (similar to0.61). The aerosol properties were found to respond distinctly with respect to change in the trajectories, with higher optical depths and flatter AOD spectra associated with trajectories indicating advection from west Asia, and northwest and west-coastal India. On average, BC constituted only similar to2.2% to total aerosol mass compared to the climatological values of similar to6% over the coastal land during the same season. These data are used to characterize the physical properties of aerosols and to assess the resulting short-wave direct aerosol forcing. The mean values were similar to27 W m(-2) at the surface and -12 W m(-2) at the top of the atmosphere (TOA), resulting in a net atmospheric forcing of +15 W m(-2). The forcing also depended on the region from where the advection predominates. The surface and atmospheric forcing were in the range -40 to -57 W m(-2) and +27 to +39 W m(-2), respectively, corresponding to advection from the west Asian and western coastal India where they were as low as -19 and +10 W m(-2), respectively, when the advection was mainly from the Bay of Bengal and from central/peninsular India. In all these cases, the net atmospheric forcing (heating) efficiency was lower than the values reported for northern Indian Ocean during northern winter, which is attributed to the reduced BC mass fraction.

Morphometric comparison of yellowfin tuna from Southeast Polynesia, Central America and Hawaii.

ENGLISH: It is important to the Inter-American Tropical Tuna Commission to determine whether or not the yellowfin tuna (Neothunnus macropterus) which support the large commercial fishery along the American West Coast are distinct from populations of this species further to the westward. Previous research has shown that there are marked differences in morphometric characteristics of specimens from Hawaii and from the West Coast. In the present study there are compared biometric data from specimens from Southeast Polynesia (Marquesas, Society, and Tuamotu Islands) with data from specimens from Central America and from Hawaii. SPANISH: Es importante para la Comisión Interamericana del Atún Tropical determinar si los atunes "aleta amarilla" (Neothunnus macropterus) que mantienen las grandes pesquerías comerciales a lo largo de la costa occidental americana, son diferentes de los atunes de la misma especie que se hallan más al Oeste. Investigaciones previas han indicado que las características morfométricas de los atunes de Hawaii y las de los que se encuentran en la costa occidental difieren notablemente. En el presente estudio se comparan datos biométricos de especímenes de la Polinesia sudoriental (Islas Marquesas, Society y Tuamotu) con datos de especímenes de América Central y de Hawaii. (PDF contains 48 pages.)

A dendrochemical study of Pinus sylvestris from Siljansfors Experimental Forest, central Sweden

Inductively coupled plasma mass spectrometry (ICP-MS) was used to investigate changes in trace element concentration in two high resolution sequences of tree rings from central Sweden. Individual annual growth increments from 18002002 to 1930-2002 were sampled from two Scots pine (Pinus sylvestris) trees from the Siljansfors Experimental Forest. The aims of the study were: to test the viability of conventional solution induction ICP-MS as a technique for investigating the multi-elemental chemistry of long tree ring sequences at annual resolution, and, to test this specifically with a view to detecting changes in elemental concentrations of Swedish tree rings contemporary with the major (and relatively proximal) Icelandic eruption of Askja (1875). It was found that despite a time consuming sample preparation process, it was possible to use conventional ICP-MS for multi-elemental analysis of a long sequence of tree rings at annual resolution. Although promising data were produced, no truly conclusive concentration anomaly could be detected in the sequence to indicate the impact of the Askja eruption on environmental chemistry. Overall findings underlined the complexity of the tree/environment interaction and the cautious approach to data interpretation essential for any dendrochemical study. (c) 2006 Elsevier Ltd. All rights reserved.

Central European plant species from more productive habitats are more invasive at a global scale

Aim: Accumulating evidence indicates that species may be pre-adapted for invasion success in new ranges. In the light of increasing global nutrient accumulation, an important candidate pre-adaptation for invasiveness is the ability to grow in nutrient-rich habitats. Therefore we tested whether globally invasive species originating from Central Europe have come from more productive rather than less productive habitats. A further important candidate pre-adaptation for invasiveness is large niche width. Therefore, we also tested whether species able to grow across habitats with a wider range of productivity are more invasive. Location: Global with respect to invasiveness, and Central European with respect to origin of study species. Methods  We examined whether average habitat productivity and its width across habitats are significant predictors of the success of Central European species as aliens and as weeds elsewhere in the world based on data in the Global Compendium of Weeds. The two habitat productivity measures were derived from nutrient indicator values (after Ellenberg) of accompanying species present in vegetation records of the comprehensive Czech National Phytosociological Database. In the analyses, we accounted for phylogenetic relatedness among species and for size of the native distribution ranges. Results: Species from more productive habitats and with a wider native habitat-productivity niche in Central Europe have higher alien success elsewhere in the world. Weediness of species increased with mean habitat productivity. Niche width was also an important determinant of weediness for species with their main occurrence in nutrient-poor habitats, but not for those from nutrient-rich habitats. Main conclusions: Our results indicate that Central European plant species from productive habitats and those species from nutrient-poor habitat with wide productivity-niche are pre-adapted to become invasive. These results suggest that the world-wide invasion success of many Central European species is likely to have been promoted by the global increase of resource-rich habitats.

Drivers of nitrogen leaching from organic layers in Central European beech forests

Background and Aims: The response of forest ecosystems to continuous nitrogen (N) deposition is still uncertain. We investigated imports and exports of dissolved N from mull-type organic layers to identify the controls of N leaching in Central European beech forests under continuous N deposition. Methods: Dissolved N fluxes with throughfall and through mull-type organic layers (litter leachate) were measured continuously in 12 beech forests on calcareous soil in two regions in Germany over three consecutive growing seasons. Results Mean growing season net (i.e. litter leachate – throughfall flux) fluxes of total dissolved N (TDN) from the organic layer were low (2.3 ± 5.6 kg ha −1 ) but varied widely from 12.9 kg ha −1 to –8.3 kg ha −1 . The small increase of dissolved N fluxes during the water passage through mull-type organic layers suggested that high turnover rates coincided with high microbial N assimilation and plant N uptake. Stand basal area had a positive feedback on N fluxes by providing litter for soil organic matter forma- tion. Plant diversity, especially herb diversity, reduced dissolved N fluxes. Soil fauna biomass increased NO3−-N fluxes with litter leachate by stimulating mineralization. Microbial biomass measures were not related to dissolved N fluxes. Conclusions Our results show that dissolved N exports from organic layers contain significant amounts of throughfall-derived N (mainly NO3−-N) that flushes through the organic layer but also highlight that N leaching from organic layers is driven by the complex interplay of plants, animals and microbes. Furthermore, diverse understories reduce N leaching from Central European beech forests.

Part of the global seawater delta oxygen-18 database from reference Vetshteyn 1974

Data from polar stations

Investigation of manganese nodules from the Southern Tasman Sea

Two manganese nodules having a high clay content, a low Mn/Fe ratio, and low contents of valuable metals (Ni 0.25%, Cu 0.17%, Co 0.06%) were recovered in a grab sample during a short geological cruise in HMAS Kimbla in the southern Tasman Sea in May 1979. Five stations were occupied. Free-fall grabs recovered sediment or pumice from four stations; nothing was recovered from the fifth. The carbonate compensation depth in the region is about 4500 m. Reddish brown clay, but no manganese nodules, was recovered in the central southern Tasman Sea, from depths of 4900-5100 m. The nodules, together with grey calcareous mud, were obtained from a depth of 4300 m, farther to the northwest, near Gascoyne Seamount (250 n. miles SE of Sydney). The results suggest nodules with high metal values are likely to exist only in the broad and deep depression in the central southern Tasman Sea southeast of Gascoyne Seamount, where sedimentation rates are low and oxidising conditions prevail. Whether nodule fields are present or not will only be resolved by considerably more sampling.