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Monitoring or moral hazard? Evidence from real activities manipulation by venture-backed companies.

Monitoring or moral hazard? Evidence from real activities manipulation by venture-backed companies.

Date: December 2009
Creator: Liu, Xiang
Description: Prior literature suggests two competing theories regarding the role of venture capitalists (VCs) in their portfolio companies. The VC monitoring hypothesis argues that VCs effectively resolve the managerial agency problem through close monitoring and restraining managers' earnings management behavior. The VC moral hazard hypothesis argues that VCs aggravate the private benefits agency problem by exerting influence over managers to artificially inflate exit stock price through earnings management. Using a sample of IPO firms between 1987 and 2002, after controlling for the magnitude of accruals manipulation (AM), I compare the magnitude of real activities manipulation (RM) between venture-backed and non-venture-backed companies. I find that relative to non-venture-backed companies, venture-backed companies show significantly less RM in the first post-IPO fiscal year. The results are robust after controlling for the VC selection endogeneity. The finding supports the VC monitoring hypothesis that VCs restrain managers' RM behavior. Furthermore, I document that venture-backed companies exhibit a significant difference from non-venture-backed companies only in the first post-IPO fiscal year. The difference between the two groups in either the IPO year or the second post-IPO fiscal year is not significant, or at best, is weak. This finding is consistent with the argument that VCs tighten their control ...
Contributing Partner: UNT Libraries
The Monomythic Journey of the Feminie Hero in the Novels of Anita Brookner

The Monomythic Journey of the Feminie Hero in the Novels of Anita Brookner

Date: December 1996
Creator: Rutledge, Mary E. (Mary Elizabeth)
Description: Joseph Campbell, in The Hero with a Thousand Faces, establishes a pattern for the hero to answer the call to adventure, ask the question of the goddess and receive her boon, and return to his homeland. Campbell does not, however, make any suggestions about a myth whose protagonist is female. Erich Neumann, in The Origins and History of Consciousness, hints that the woman may, indeed, be her own goddess, that she must give herself the boon she already carries. The novels of Anita Brookner illustrate the dual nature of the feminine protagonist: the seeker and the boon giver. The feminine hero (even when Brookner's protagonist is masculine, he exhibits feminine qualities) hears the call to adventure, receives the teachings of the goddess and/or her representative, receives help fromother beings (in myth these would be supernatural beings), realizes that she carries the answer to the cosmic question of selfhood within her, and, following an apotheosis, makes a return to society. Much of the present work is spent delving into both the monomythic and feminist structures of Brookner's novels. Although Brookner characterizes herself as a "reluctant feminist," examination of her novels reveals a subtle adherence to feminist principles which can be ascertained ...
Contributing Partner: UNT Libraries
The Monomythic Pattern in Three Novels by D. H. Lawrence

The Monomythic Pattern in Three Novels by D. H. Lawrence

Date: August 1968
Creator: Hoffmann, Dorothy A.
Description: Sons and Lovers, The Rainbow, and Women in Love present sequentially in fictional version Lawrence's own personal journey into self-discovery in the form of a creation myth of sensual love which repeats the archetypal patterns of some of the great mythologies. It is the purpose of the following pages to show how these three novels reveal the major archetypal patterns of mythology as suggested by Joseph Campbell in his study, The Hero with A Thousand Faces.
Contributing Partner: UNT Libraries
Monopolies and Wastes in the Steel Industry

Monopolies and Wastes in the Steel Industry

Date: 1948
Creator: Lentz, Oscar H., Jr.
Description: The general problem involved in this study is one of resource utilization. The specific approach of this study shall take the form of an inquiry into the relation between monopoly and waste.
Contributing Partner: UNT Libraries
The Monstrance: A Collection of Poems

The Monstrance: A Collection of Poems

Date: May 1994
Creator: Dietrich, Bryan D. (Bryan David)
Description: These poems deconstruct Mary Shelley's monster from a spiritually Chthonian, critically post-structuralist creative stance. But the process here is not simple disruption of the original discourse; this poetry cycle transforms the monster's traditional body, using what pieces are left from reception/vivisection to reconstruct, through gradual accretion, new authority for each new form, each new appendage.
Contributing Partner: UNT Libraries
Montana Climate Change Action Plan: Final Report of the Governor’s Climate Change Advisory Committee

Montana Climate Change Action Plan: Final Report of the Governor’s Climate Change Advisory Committee

Date: November 2007
Creator: Montana.Governor's Climate Change Advisory Committee
Description: Report of the Governor’s Climate Change Advisory Committee, managed by the Montana Department of Environmental Quality and facilitated by the Center for Climate Strategies. It provides 54 policy recommendations help reduce the state’s emissions of green house gases to 1990 levels by the year 2020. Most will have additional benefits, including reduced reliance on imported fossil fuels, reduction in air pollution, increased opportunity for Montana agriculture to provide renewable fuels, healthier forests, and the opportunity for the state to be a leader in developing new technologies.
Contributing Partner: UNT Libraries
Montana Greenhouse Gas Inventory and Reference Case Projections 1990-2020

Montana Greenhouse Gas Inventory and Reference Case Projections 1990-2020

Date: September 2007
Creator: Bailie, Alison
Description: The Center for Climate Strategies (CCS) prepared this report under contract to the Montana Department of Environment Quality (MDEQ). The report contains an inventory and forecast of the state’s greenhouse gas (GHG) emissions from 1990 to 2020.
Contributing Partner: UNT Libraries
Monte Carlo Calculations of Reflected Intensities for Real Spherical Atmospheres

Monte Carlo Calculations of Reflected Intensities for Real Spherical Atmospheres

Date: January 1969
Creator: Montgomery, John A.
Description: To calculate the emergent radiation field, a realistic atmospheric model and algorithm must be developed. The radiation field may be characterized by the emergent intensities of scattered light. This is possible only if the algorithm determines these intensities as dependent upon atmospheric and angular parameters.
Contributing Partner: UNT Libraries
Monte Carlo simulation and experimental studies of the production of neutron-rich medical isotopes using a particle accelerator.

Monte Carlo simulation and experimental studies of the production of neutron-rich medical isotopes using a particle accelerator.

Access: Use of this item is restricted to the UNT Community.
Date: May 2002
Creator: Rosencranz, Daniela Necsoiu
Description: The developments of nuclear medicine lead to an increasing demand for the production of radioisotopes with suitable nuclear and chemical properties. Furthermore, from the literature it is evident that the production of radioisotopes using charged-particle accelerators instead of nuclear reactors is gaining increasing popularity. The main advantages of producing medical isotopes with accelerators are carrier free radionuclides of short lived isotopes, improved handling, reduction of the radioactive waste, and lower cost of isotope fabrication. Proton-rich isotopes are the result of nuclear interactions between enriched stable isotopes and energetic protons. An interesting observation is that during the production of proton-rich isotopes, fast and intermediately fast neutrons from nuclear reactions such as (p,xn) are also produced as a by-product in the nuclear reactions. This observation suggests that it is perhaps possible to use these neutrons to activate secondary targets for the production of neutron-rich isotopes. The study of secondary radioisotope production with fast neutrons from (p,xn) reactions using a particle accelerator is the main goal of the research in this thesis.
Contributing Partner: UNT Libraries
Moodle for Professional Development to Agricultural Extension Professionals in Africa: Workshop

Moodle for Professional Development to Agricultural Extension Professionals in Africa: Workshop

Date: July 2013
Creator: Assefa, Shimelis; Alemneh, Daniel Gelaw & Rorissa, Abebe
Description: Presentation for the International Association of Agriculture Information Specialists (IAALD) World Congress. The authors discuss the Modular Object-Oriented Dynamic Learning Environment (Moodle) software package and its use for professional development to agriculture extension professionals in Africa.
Contributing Partner: UNT Libraries