Director independence or decision bias? An investigation of alternative sources of agency costs in board decision making

Research into boards traditionally focuses on independent monitoring of management, with studies focused on the effect of board independence on firm performance. This thesis aims to broaden the research tradition by consolidating prior research and investigating how agents may circumvent independent monitoring. Meta-analysis of previous board independence-firm performance studies indicated no systematic relationship between board independence and firm performance. Next, a series of experiments demonstrated that the presentation of recommendations to directors may bias decision making irrespective of other information presented and the independence of the decision maker. Together, results suggest that independence may be less important than the agent's motivation to misdirect the monitoring process.

Aerobic Metabolism Octopine Production And Phosphoarginine As Sources Of Energy In The Phasic And Catch Adductor Muscles Of The Giant Scallop Placopecten-Magellanicus During Swimming And The Subsequent Recovery Period

1. The energy contributions of aerobic metabolism, phosphoarginine, ATP and octopine in the adductor muscles of P. magellanicus were examined during swimming and recovery. 2. A linear relationship was observed between the size of the phosphoarginine pool and the number of valve snaps. A linear increase in arginine occurred during the same period. 3. 3. Octopine was formed during the first few hours of recovery, particularly in the phasic muscle. 4. The restoration of the phosphoarginine pool appeared to be by aerobic metabolism. 5. It is concluded that the role of octopine formation is to supply energy when the tissues are anoxic and to operate at such a rate as to maintain the basal rate of energy production.

Energy saving innovations, non-exhaustible sources of energy and long-run: what would happen if we run out of oil?

We formulate and solve a model of factor saving technological improvement considering three factors of production: labor, capital and energy. The productive activities have three main characteristics: first, in order to use capital goods firms need energy; second, there are two sources of energy: non-exhaustible and exhaustible; third, capital goods can be of different qualities and the quality of these goods can be changed along two dimensions -reducing the need of energy or changing the source of energy used in the production process. The economy goes through three stages of development after industrialization. In the first, firms make use of exhaustible energy and the e¢ ciency in the use of energy is constant. In the second stage, as the price of energy grows the e¢ ciency in its use is increased. In the third stage, the price of exhaustible sources is so high that firms have incentives to use non-exhaustible sources of energy. During this stage the price of energy is constant. In this set up, the end of the oil age has level effects on consumption and output but it does not cause the collapse of the economic system.

Energy Saving Innovations, Non-Exhaustible Sources of Energy and Long-Run: What Would Happen if we Run Out of Oil?

Se formula y resuelve un modelo de cambio tecnológico ahorrador de factores de producción que considera tres factores: capital, trabajo y energía. El modelo cuenta con características específicas con respecto a la interacción n entre la energía (la cual, de acuerdo a su fuente puede ser renovable y no renovable) y el capital. Una vez esta economía se ha definido, se supone que evoluciona en tres etapas luego de su industrialización, durante las cuales el carácter renovable o no renovable de la energía influye su precio relativo, eficiencia y afecta también el nivel agregado de consumo y producción de la economía, sin que esta evolución lleve al colapso del sistema económico.

United Nations Conference on New and Renewable Sources of Energy: its relevance for CDCC Member States

Includes bibliography

Plan regional de acción en materia de fuentes de energía nuevas y renovables = Regional plan of action on new and renewable sources of energy

Incluye Bibliografía

Ejecución del Plan de Acción de Río de Janeiro para la Cooperación entre Países en Vías de Desarrollo en el Campo de las Fuentes de Energía Nuevas y Renovables" = Implementation of the "Rio de Janeiro Plan of Action for the Co-operation among Developing Countries in the Field of New and Renewable Sources of Energy""

Señala algunas actividades concretas que podrían iniciar los países en desarrollo para la cooperación en el campo de las fuentes de energía nuevas y renovables. Dichas actividades consisten en una serie de programas que, según su naturaleza, se clasifican en: a) programa de planificación energética, b) programa de desarrollo científico y tecnológico, y c) programas de apoyo comunes.

Report on the Consultative Meeting for the Promotion of Latin American and Caribbean Projects in the Area of New and Renewable Sources of Energy = Informe sobre la Reunión Consultiva para la Promoción de Proyectos de América Latina y el Caribe en la Esfera de las Fuentes de Energía Nuevas y Renovables

Informe de la reunion consultiva sobre promocion de proyectos de America Latina y el Caribe en el area de fuentes de energia nuevas y renovables. Contiene el resumen de los debates y conclusiones acerca del conjunto de proyectos presentados por OLADE y CARICOM.

United Nations Conference on New and Renewable Sources of Energy: information note

Informa acerca de las actividades efectuadas por el Comité Preparatorio de la Conferencia de las Naciones Unidas sobre Fuentes de Energía Nuevas y Renovables.