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This paper Nike Free provides evidence for a causal effect of equity prices on corporate investment and employment. We use fire sales by distressed equity funds during the 2007–2009 financial crisis to identify substantial exogenous underpricing. Firms whose stocks are most underpriced have considerably lower investment and employment than industry peers not subject to any fire sale discount. The causal effect of underpricing on investment is found to be largely concentrated on the most financially constrained firms.
In forecasting the operation of the manufacturing Cheap Nike Roshe Run Size 6 industry in the 21st century, the authors recently proposed “science SQC” as a demonstrative-scientific methodology and discussed its effectiveness on the basis of verification studies conducted by Toyota Motor Corporation. This study outlines a new SQC principle “science SQC”, as a demonstrative-scientific methodology, which enables the principle of TQM to be improved systematically.
This paper sets Open Access (OA) publishing in the context of today's scientific, technical, and medical (STM) publishing trends. Four areas are covered: (a) a brief overview of STM publishing and its value today; (b) OA's place in the industry; (c) the underlying economics of OA, particularly its author-pays model; and (d) directions in moving towards “universal access” to STM information, where both researchers and the public have access to the scientific information they need.