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Real estate finance institutions as well as the mortgage banking landscape have undergone a profound restructuring since the late 1980s. This study seeks to examine the value implications of 69 domestic and cross‐border merger and acquisition (M&A) deals of exchange‐listed real estate finance institutions.

To identify relevant M&A transactions between 1995 and 2002 the following data sources are used: Thomson Financial SDC (Securities Data Company – Mergers and Acquisitions Database), Bloomberg, and Computasoft M&A Data. To assess the value implications of M&A standard event study methodology is used, which relies on the market adjusted model and the market model. Cumulated abnormal returns stemming from the market model and the market adjusted model are calculated for four different event windows.

The results document that shareholders of targets earn, at least in the closest analyzed interval, significant positive abnormal returns. There are no significant abnormal returns accruing to the shareholders of the bidders in any of the analyzed intervals. CARs are slightly negative in two of the four event windows, and positive in the remaining two. Hence, M&A transactions cannot be considered a clear success. Nor, however, is any significant evidence found that they destroy value.

Since market valuations of mergers and acquisitions depend on industry‐specific circumstances, this paper explores value effects for a specific sector, namely the real estate finance sector. It shows that real estate finance transactions are beneficial for target shareholders. In addition, the results indicate that these transactions do not significantly destroy value for bidding companies. This result contradicts prior evidence for the related banking industry.

The paper aims to present a design and numerical verification procedure of a composite casing of a microstrip antenna for an aerospace satellite.

The casing for the microstrip antenna was designed in a form of a laminate shell with variable number of layers of reinforcing fabric. The material properties, both static and dynamic, were determined experimentally and then exported to an environment of numerical analyses. The numerical modal analysis allows optimizing the geometry and lay-up of the casing in such a way that a number of modal shapes occurring in the operational frequency band was significantly reduced, several modal shapes with high displacement in flanges of the casing were eliminated and the values of natural frequencies were increased. A final model of the composite casing was subjected to two types of analyses which simulate typical operation conditions during spacecraft mission. These analyses contained thermomechanical quasi-static analyses with 12 loadcases and thermomechanical shock analyses with 9 loadcases, which simulate various mechanical and temperature conditions.

Results of the performed analyses were compared with safety margins determined by following requirements to spacecraft vehicles. The obtained results confirm the design feasibility, which allow considering the proposed design during manufacturing of a prototype in further studies.

Moreover, the presented results can be considered as a design methodology guideline, which can be helpful for engineers working in the aerospace industry.

The originality of the paper lies in the proposed design and verification procedure of composite elements subjected to operational loading during a spacecraft mission.

Uses survey data to examine the nature of bank lending decisions at the local branch and regional office level. In doing so considers which firm and loan characteristics explicitly affect the nature of the lending contract. The results show the smallest firms, whose lending decisions are made at local branches, face slightly higher borrowing costs, yet this is offset by the reduced likelihood of collateral being requested. Further, suggests that the high degree of control aversion exhibited by such firms acts in a detrimental way by negating many of the obvious benefits of a localized banking relationship. On interest rate margins, presents clear evidence supporting credibility and legitimacy theories, with legal status and a lengthy track record reducing margins significantly. Regarding security levels, the results suggest that local branch banks have particularly short‐term lending horizons. The penalty in terms of collateral requirements on medium‐ to long‐term loans appear quite severe. This issue needs to be addressed to ensure that small firms in the UK receive the lower cost, longer‐term finance that would facilitate the structural growth of this sector.

This paper aims to contribute novel insights into the analysis of thin functionally graded material (FGM) plates with variable thickness, considering both temperature-dependent and independent material properties, focusing on critical linear buckling temperature rise and the effect of critical linear moisture for various moisture concentrations.

The study derives stability and equilibrium equations for thin rectangular FGM plates under hygrothermal loading, employing classical plate theory (CPT). Buckling behavior is examined using Galerkin’s method to obtain pre-buckling force resultants.

The findings highlight significant increases in critical buckling temperature with aspect ratio, distinct temperature sensitivity between materials and increasing moisture susceptibility with larger aspect ratios. These insights inform material selection and design optimization for FGM plates under hygrothermal loading, enhancing engineering applications.

This research primarily focuses on hypothetical scenarios and mathematical model development and analysis.

This paper presents original contributions in the field by addressing the hygrothermal buckling analysis of thin FGM rectangular plates with variable thickness, utilizing CPT, thereby enriching the understanding of structural behavior in varying environmental conditions.

The purpose of this paper is to explore the challenges faced by national libraries regarding the legal deposit of electronic books, and to make recommendations for issues to consider – especially with regard to developing, planning and implementing.

Literature published from 2000 to 2014 on legal deposit of electronic publications was examined. Key databases covering library and information science were searched, and case studies, general reviews, research papers/reports and view point articles were considered.

National libraries embarking on projects on legal deposit of electronic books need to consider the collection, preservation and accessibility of the legal deposit collection. They face challenges regarding legal deposit legislation and institutional policy, legal considerations such as copyright, environmental factors, established mechanisms for deposit, information retrieval and access, preservation, human resources, financial implications and trust. Further research and continued monitoring of issues of concern and changes are required due to technological developments and the obsolescence of technology.

The review raises awareness of issues that need to be considered by national libraries and other repositories to manage the legal deposit of electronic books in their institutions.

The review can serve as a guide for nations (particularly in developing countries) to embark on the legal deposit of electronic publications, specifically electronic books.

The paper starts with a review of constitutive equations for rubber‐like materials, formulated in the invariants of the right Cauchy—Green deformation tensor. A general framework for the derivation of the stress tensor and the tangent moduli for invariant‐based models, for both the reference and the current configuration, is presented. The free energy of incompressible rubber‐like materials is extended to a compressible formulation by adding the volumetric part of the free energy. In order to overcome numerical problems encountered with displacement‐based finite element formulations for nearly incompressible materials, three‐dimensional finite elements, based on a penalty‐type formulation, are proposed. They are characterized by applying reduced integration to the volumetric parts of the tangent stiffness matrix and the pressure‐related parts of the internal force vector only. Moreover, hybrid finite elements are proposed. They are based on a three‐field variational principle, characterized by treating the displacements, the dilatation and the hydrostatic pressure as independent variables. Subsequently, this formulation is reduced to a generalized displacement formulation. In the numerical study these formulations are evaluated. The results obtained are compared with numerical results available in the literature. In addition, the proposed formulations are applied to 3D finite element analysis of an automobile tyre. The computed results are compared with experimental data.

The purpose of this paper is to present the organizational and technological processes and strategic choices that led to the successful digitization project of the Albert Einstein Archives.

This is a case study of the major challenges that were associated with the project. These include: the integration of the archives in the academic environment; the management of a project of such magnitude within the university organization and between different stakeholders and the technological aspects of the project and user experience.

A digitization project requires not only the archival staff expertise but also information specialists, IT staff, analysts and usually the digitization staff for processing the archival material. Finding the common language between all the professionals involved as well as building a good strategic plan are the keys to a successful project.

The planning and implementation of such a project requires a significant budget, manpower project management, hardware, software and intra- and inter-organizational cooperation and coordination.

The phenomenon of digitizing unique and exclusive archival data by universities is becoming an innovative contribution of hidden goods to the public at large. This paper offers strategic insights for the planning of similar digitizing projects, particularly in an academic environment.

The purpose of this paper is to propose an efficient and accurate numerical model that employs isogeometric analysis (IGA) for the geometrically nonlinear analysis of functionally graded plates (FGPs). This model is utilized to investigate the effects of boundary conditions, gradient index, and geometric shape on the nonlinear responses of FGPs.

A geometrically nonlinear analysis of thin and moderately thick functionally graded ceramic-metal plates based on IGA in conjunction with first-order shear deformation theory and von Kármán strains is presented. The displacement fields and geometric description are approximated with nonuniform rational B-splines (NURBS) basis functions. The Newton-Raphson iterative scheme is employed to solve the nonlinear equation system. Material properties are assumed to vary along the thickness direction with a power law distribution of the volume fraction of the constituents.

The present model for analysis of the geometrically nonlinear behavior of thin and moderately thick FGPs exhibited high accuracy. The shear locking phenomenon is avoided without extra numerical efforts when cubic or high-order NURBS basis functions are utilized.

This paper shows that IGA is particularly well suited for the geometrically nonlinear analysis of plates because of its exact geometrical modelling and high-order continuity.

In microfluidic channel fabrication in low temperature co‐fired ceramics (LTCC), one of the biggest challenges is the elimination of channel deformation during lamination. The purpose of this paper is to describe the expected deformation of the substrate and the sacrificial layer (starch powder and 3D printed UV polymerized material) during the lamination process of microfluidic structure fabrication.

Uniaxial compression and Jenike shear test were used to obtain the mechanical parameters of starch sacrificial volume material (SVM). To determine the stress‐strain characteristics of LTCC a uniaxial compression experiment was conducted. The shape of the laminated LTCC containing embedded channel was modeled by finite element method using the mechanical parameters obtained by the measurements.

It was found that the choice of SVM plays an important role in channel deformation. A design rule is given considering the channel width and the choice of SVM based on the simulation results.

Until now the lamination step of LTCC technology was only optimized in an empirical way.

At the outset of the COVID-19 pandemic the United Kingdom Government implemented a policy to rapid discharge hospital patients into care homes. This study aimed to examine how the media in the United Kingdom portrayed hospital discharge to care homes during the COVID-19 pandemic.

This study was a qualitative document analysis. Four sources (Daily Mail, The Independent, The Guardian and BBC News) were selected to represent political orientations encompassing right-wing, centrist and left-wing perspectives, and were searched for mention of hospital discharge, care homes and Covid-19 pandemic between 1st January 2020 and 24th February 2022. Article text was copied verbatim into Microsoft Word documents prior to analysis. Data were thematically analysed, followed by coding the sentiment in the included articles as well as coding the sentiment of themes and sub-themes.

Of 722 identified articles, 133 were eligible for inclusion as the final corpus. Data represented a moralistic narrative consisting of four themes: (1) Government as villain, (2) care homes as antiheroes, (3) patients as ideal victims and (4) moral outcomes. Most of the corpus had a negative sentiment (78.1%). One theme, moral outcomes, had considerably more positive sentiment (32.4%) than others (range 15.1%–21.9%).

A moralistic argument for improving cross-boundary interactions between health and social care services is provided, and the media can play a role pushing cross-boundary working higher up the policy agenda. Future work should examine how direct stakeholders, including those working in healthcare and care home settings, perceived the discharge policy.