The Experts below are selected from a list of 25308 Experts worldwide ranked by ideXlab platform
Janet Morrill - One of the best experts on this subject based on the ideXlab platform.
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the value relevance of accounting under political uncertainty evidence related to quebec s Independence Movement
Journal of International Financial Management and Accounting, 2005Co-Authors: Roger C Graham, Cameron K J Morrill, Janet MorrillAbstract:The Canadian province of Quebec is a region of an advanced industrialized nation characterized by a strong Independence Movement and, therefore, provides an interesting context in which to test the effect of political uncertainty on the relationship between market values and accounting values. In this study we compare market-to-book value associations of a sample of firms headquartered in Quebec with those of a sample of Canadian firms headquartered outside Quebec, over the period 1988–2002. Our comparisons suggest that, on average, the value of Quebec-based firms is significantly less than other Canadian firms when valuation is based on multiples of book value and earnings. In addition, we find that the ‘‘Quebec discount’’ decreased significantly in the period immediately following the 1995 provincial sovereignty referendum wherein Quebeckers voted (narrowly) against Quebec sovereignty. We conclude that the relative undervaluation of Quebec firms is related, at least in part, to political uncertainty associated with the Quebec Independence Movement.
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political uncertainty and firm valuation evidence of a discount related to the quebec Independence Movement
Social Science Research Network, 2000Co-Authors: Roger C Graham, Cameron K J Morrill, Janet MorrillAbstract:In this study, we investigate the effect of political uncertainty on the association between stock price metrics and accounting values. We compare market-to-book value associations of a sample of firms headquartered in Quebec with those of a sample of Canadian firms headquartered outside of Quebec, over the period 1988-1998. Our comparisons suggest that Quebec-based firms are discounted eleven to fifteen percent, on average, relative to other Canadian firms when valuation is based on a multiple of book value. However, we find no evidence the valuation discount extends to earnings. That the valuation of book values shows evidence of discounting, while the valuation of earnings does not, suggests that market participants require a higher rate of return from their investments in Quebec firms. It does not, however, suggest that Quebec firms are less profitable. Rather, the higher rate of return is accomplished by discounting the value of the firms' net assets. Higher rates of return are consistent with market participants having greater uncertainties regarding the future prospects of Quebec-based firms. However, we are not able to rule out the alternate explanation of our findings, that investors discount the value of Quebec firms because of legislation and economic policies that are unique to Quebec among Canadian provinces.
Lazar Alexandra - One of the best experts on this subject based on the ideXlab platform.
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La operación: Coerced Sterilization of Puerto Rican Women in the 20th Century
Union | Digital Works, 2021Co-Authors: Lazar AlexandraAbstract:This project examines the ways that Puerto Rican women’s fertility was discussed over time in the United States, and the ways in which these discussions influenced decisions regarding reproductive choices. Looking at articles from popular American publications reveals the way that Americans felt about Puerto Rican sterilization, which can be compared to publications from activist newsletters at the same time. Personal testimonies from Puerto Rican women who chose sterilization reveal that the way others spoke about sterilization was different from how the women themselves viewed it. Their stories also show how the circumstances women were forced to live in influenced their reproductive choices. When Puerto Rico was colonized by the United States in 1898, living conditions were already dire. Jobs became scarce, and starvation and disease ran rampant on the island. The problem afflicting the island seemed obvious: overpopulation. Puerto Rico was a small island, with a population growing at a rate faster than the island could sustain. An immediate solution was increased migration to the mainland, and a long term solution was to lower the birth rate through contraceptive programs. The most popular form of contraception on the island eventually became sterilization, which was promoted and subsidized by the U.S. government through local public health institutions. In 1965, one-third of Puerto Rican women of child-bearing age had been sterilized, a rate ten times higher than that of white women. In the post-WWII period, the Puerto Rican population in the United States grew exponentially due to labor migration. Puerto Rican women needed to work, which meant that they could no longer have large families. Many Puerto Rican women chose to be sterilized so that they would be better able to enter the workforce. In the 1970s, activist groups in the United States and Puerto Rico exposed the coercion Puerto Rican women faced when consenting to sterilization, and the Puerto Rican Independence Movement called sterilization programs a genocidal campaign. The opinions of Puerto Rican women who were most likely to choose sterilization were not put at the forefront of these arguments. Despite efforts to curb sterilization abuse in the Puerto Rican community, many women continued to seek sterilization through the twentieth century, and even today
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La operación: Coerced Sterilization of Puerto Rican Women in the 20th Century and the Complexity of Free Choice
Union | Digital Works, 2021Co-Authors: Lazar AlexandraAbstract:This project examines the ways that Puerto Rican women\u27s fertility was discussed over time in the United States, and the ways in which these discussions influenced decisions regarding reproductive choices. Looking at articles from popular American publications reveals the way that Americans felt about Puerto Rican sterilization, which can be compared to publications from activist newsletters at the same time. Personal testimonies from Puerto Rican women who chose sterilization reveal that the way others spoke about sterilization was different from how the women themselves viewed it. Their stories also show how the circumstances women were forced to live in influenced their reproductive choices. When Puerto Rico was colonized by the United States in 1898, living conditions were already dire. Jobs became scarce, and starvation and disease ran rampant on the island. The problem afflicting the island seemed obvious: overpopulation. Puerto Rico was a small island, with a population growing at a rate faster than the island could sustain. An immediate solution was increased migration to the mainland, and a long term solution was to lower the birth rate through contraceptive programs. The most popular form of contraception on the island eventually became sterilization, which was promoted and subsidized by the U.S. government through local public health institutions. In 1965, one-third of Puerto Rican women of child-bearing age had been sterilized, a rate ten times higher than that of white women. In the post-WWII period, the Puerto Rican population in the United States grew exponentially due to labor migration. Puerto Rican women needed to work, which meant that they could no longer have large families. Many Puerto Rican women chose to be sterilized so that they would be better able to enter the workforce. In the 1970s, activist groups in the United States and Puerto Rico exposed the coercion Puerto Rican women faced when consenting to sterilization, and the Puerto Rican Independence Movement called sterilization programs a genocidal campaign. The opinions of Puerto Rican women who were most likely to choose sterilization were not put at the forefront of these arguments. Despite efforts to curb sterilization abuse in the Puerto Rican community, many women continued to seek sterilization through the twentieth century, and even today
Roger C Graham - One of the best experts on this subject based on the ideXlab platform.
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the value relevance of accounting under political uncertainty evidence related to quebec s Independence Movement
Journal of International Financial Management and Accounting, 2005Co-Authors: Roger C Graham, Cameron K J Morrill, Janet MorrillAbstract:The Canadian province of Quebec is a region of an advanced industrialized nation characterized by a strong Independence Movement and, therefore, provides an interesting context in which to test the effect of political uncertainty on the relationship between market values and accounting values. In this study we compare market-to-book value associations of a sample of firms headquartered in Quebec with those of a sample of Canadian firms headquartered outside Quebec, over the period 1988–2002. Our comparisons suggest that, on average, the value of Quebec-based firms is significantly less than other Canadian firms when valuation is based on multiples of book value and earnings. In addition, we find that the ‘‘Quebec discount’’ decreased significantly in the period immediately following the 1995 provincial sovereignty referendum wherein Quebeckers voted (narrowly) against Quebec sovereignty. We conclude that the relative undervaluation of Quebec firms is related, at least in part, to political uncertainty associated with the Quebec Independence Movement.
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political uncertainty and firm valuation evidence of a discount related to the quebec Independence Movement
Social Science Research Network, 2000Co-Authors: Roger C Graham, Cameron K J Morrill, Janet MorrillAbstract:In this study, we investigate the effect of political uncertainty on the association between stock price metrics and accounting values. We compare market-to-book value associations of a sample of firms headquartered in Quebec with those of a sample of Canadian firms headquartered outside of Quebec, over the period 1988-1998. Our comparisons suggest that Quebec-based firms are discounted eleven to fifteen percent, on average, relative to other Canadian firms when valuation is based on a multiple of book value. However, we find no evidence the valuation discount extends to earnings. That the valuation of book values shows evidence of discounting, while the valuation of earnings does not, suggests that market participants require a higher rate of return from their investments in Quebec firms. It does not, however, suggest that Quebec firms are less profitable. Rather, the higher rate of return is accomplished by discounting the value of the firms' net assets. Higher rates of return are consistent with market participants having greater uncertainties regarding the future prospects of Quebec-based firms. However, we are not able to rule out the alternate explanation of our findings, that investors discount the value of Quebec firms because of legislation and economic policies that are unique to Quebec among Canadian provinces.
Jane Ardley - One of the best experts on this subject based on the ideXlab platform.
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the tibetan Independence Movement political religious and gandhian perspectives
2002Co-Authors: Jane ArdleyAbstract:Tibet has been occupied for over fifty years, yet no progress has been made in solving the Tibetan problem. The first serious analysis of the Tibetan Independence Movement, this book is also the first to view the struggle from a comparative perspective, making an overt comparison with the Indian Independence Movement. It rectifies the problem that the Tibetan Independence Movement is not taken seriously from a political perspective. The book is particularly concerned with the relationship between Buddhism and Tibetan politics and resistance, comparing this with the relationship between Hinduism and Gandhian political thought. It also expands on the limited literature concerning violent resistance in Tibet, examining guerilla warfare and the hunger strike undertaken by the Tibetan Youth Congress in 1998, rejecting the 'Shangri-la-ist' approach to Tibetan resistance.
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the tibetan Independence Movement political religious and gandhian perspectives
2002Co-Authors: Jane ArdleyAbstract:Introduction 1. Tibet: Religion, Resistance and the State 2. Resistance in Tibet: Violence and Exile 3. 'Our Demand is Cheap': Fasting for the Future of Tibet 4. 'My Life is My Message': The Gandhian Paradigm 5. Spirituality and Politics: The Gandhian and Tibetan Cases 6. The Indian Path to Independence: From Colonialism to Nationalism 7. Toward Partition in India: Lessons for Politics and Religions Conclusion - Political Lessons for Tibet
Richard S Grossman - One of the best experts on this subject based on the ideXlab platform.
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a monthly stock exchange index for ireland 1864 1930
Oxford University Economic and Social History Series, 2013Co-Authors: Richard S Grossman, Ronan C Lyons, Kevin H Orourke, Madalina A UrsuAbstract:Information on the performance of equities during the latter part of the globalized long nineteenth century is scarce, particularly for smaller European economies such as Ireland. Using a dataset of over 35,000 price-year observations from the Investor's Monthly Manual, this paper constructs new monthly Irish stock market price indices for the period 1864-1930, encompassing periods of significant economic and political turmoil in Irish history. In addition to a total market index covering all 118 equity securities issued by 94 companies, sector-specific indices are presented for railways, financial services companies, and miscellaneous industrial and retail companies. Weighted by market capitalization, nominal equity prices were largely static in the 1860s, before increasing by almost 60% in nominal terms between 1870 and 1878. Between 1878 and 1879, equity prices fell by one sixth in the space of a year, after which there was a secular rise in equity prices for two decades, with equity prices in 1899 twice what they had been in 1864. Between the turn of the century and the outbreak of the Great War, though, prices fell by 25%, a pattern that stands in stark contrast to returns on the London exchange, which were greater during 1894-1913 than during the preceding two decades. The period from 1914 until 1929 saw a number of boom-bust cycles, concurrent with war and other political events affecting Ireland, including its Independence Movement. Railway equities, which had trebled between the mid-1860s and the turn of the century, fell sharply during the 1910s and 1920s. In contrast, financial equity prices - which were just 20% higher in 1920 than in 1864 - rose strongly during the 1920s. Overall, the average annual gain in equity prices over the period was just 0.9%, well below levels associated with an equity premium puzzle.
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a monthly stock exchange index for ireland 1864 1930
Oxford University Economic and Social History Series, 2013Co-Authors: Richard S Grossman, Ronan C Lyons, Kevin H Orourke, Madalina A UrsuAbstract:Information on the performance of equities during the latter part of the globalized long nineteenth century is scarce, particularly for smaller European economies such as Ireland. Using a dataset of over 35,000 price-year observations from the Investor’s Monthly Manual, this paper constructs new monthly Irish stock market price indices for the period 1864-1930, encompassing periods of significant economic and political turmoil in Irish history. In addition to a total marker index covering all 118 equity securities issued by 94 companies, sector-specific indices are present for railways, financial services, companies, and miscellaneous industrial and retail companies. Weighted for market capitalization, nominal equity prices were largely static in the 1860s, before increasing by almost 60% in normal terms between 1870 and 1878. Between 1878 and 1879, equity prices fell by one sixth in the space of a year, after which there was a spectacular rise in equity prices for two decades, with equity prices in 1899 twice what they had been in 1864. Between the turn of the century and the outbreak of the Great War, though, prices fell by 25%, a pattern that stands in stark contrast to returns on the London exchange, which were greater during 1894-1913 then during the preceding two decades. The period from 1914 and 1929 saw a number of boom-bust cycles, concurrent with the war and other political events affecting Ireland, including its Independence Movement. Railway equities, which had trebled between the mid-1860s and the turn of the century, fell sharply during the 1910s and 1920s. In contrast financial equity prices – which were just 20% higher in 1920 than in 1864 – rose strongly during the 1920s. Overall, the average annual gain in equity prices over the period was just 0.9%, well bellow levels associated with an equity premium puzzle.
