Discusses the application of the English and Welsh Building Regulations to the form of earth‐walled buildings of the West Country commonly known as cob. Its aim is to provide…
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Discusses the application of the English and Welsh Building Regulations to the form of earth‐walled buildings of the West Country commonly known as cob. Its aim is to provide designers and controlling Authorities with a better understanding, so as to enable a more informed approach to the approval of earth‐building projects. Presents findings in respect of new building, alteration and extension to existing buildings and the material change of use of cob building. Concludes that such buildings can comply with the Building Regulations, advising that it is essential that the aims of the Regulations are incorporated into the design as early as possible, thereby avoiding conflicting needs at a later stage.
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Thatch roofs are an important part of our heritage. Describes thehistory of thatch, the fire precautions necessary, its thermalproperties and life span. Many thatch roofed…
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Thatch roofs are an important part of our heritage. Describes the history of thatch, the fire precautions necessary, its thermal properties and life span. Many thatch roofed properties are supported by cob walls. Describes the history of cob walls, the repair of existing cob walls, new work and the building regulations. Suggests that the Government should give more incentive to the use of thatch and cob walls, both for the purposes of construction and to keep alive the rural crafts associated with them.
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Corby MP welcomes Ion deposition service. Mr William Powell, the local MP, recently visited the Corby, Northants, premises of Ion Deposition Ltd to see their ion vacuum deposition…
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Corby MP welcomes Ion deposition service. Mr William Powell, the local MP, recently visited the Corby, Northants, premises of Ion Deposition Ltd to see their ion vacuum deposition coating service, which only recently came into full production.
Yaw A. Debrah and Ian G. Smith
Presents over sixty abstracts summarising the 1999 Employment Research Unit annual conference held at the University of Cardiff. Explores the multiple impacts of globalization on…
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Presents over sixty abstracts summarising the 1999 Employment Research Unit annual conference held at the University of Cardiff. Explores the multiple impacts of globalization on work and employment in contemporary organizations. Covers the human resource management implications of organizational responses to globalization. Examines the theoretical, methodological, empirical and comparative issues pertaining to competitiveness and the management of human resources, the impact of organisational strategies and international production on the workplace, the organization of labour markets, human resource development, cultural change in organisations, trade union responses, and trans‐national corporations. Cites many case studies showing how globalization has brought a lot of opportunities together with much change both to the employee and the employer. Considers the threats to existing cultures, structures and systems.
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Asks on whose behalf the black woman poet in the USA speaks, what type of language she uses and what audience she has. Points out that an earlier lack of tradition meant that…
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Asks on whose behalf the black woman poet in the USA speaks, what type of language she uses and what audience she has. Points out that an earlier lack of tradition meant that originally white styles of language were used and aimed at the white audience. Looks at the rise of the blues era and the “blueswoman”. Considers the work of Phillis Wheatley, Alice Dunbar Nelson, Anne Spencer and Angelina Grimke together with Margaret Walker and singers such as Ma Rainey and Bessie Smith. Finally, outlines the development of a political era and the growing sexual freedom of black women and the impact their writings.
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AUSTRALIA: Expenses row will boost minor parties
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DOI: 10.1108/OXAN-ES217174
ISSN: 2633-304X
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Dr Elizabeth Dron is replacing Sue Howley of BLRDD, whose promotion was announced in the February 1986 issue of New Library World. Elizabeth's main responsibilities will be…
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Dr Elizabeth Dron is replacing Sue Howley of BLRDD, whose promotion was announced in the February 1986 issue of New Library World. Elizabeth's main responsibilities will be library and information policy and international activities. She trained as a marine biologist, worked on zoological literature in the Science Reference Library (now Science Reference and Information Service) and latterly evaluated jobs within the British Library.
Lionel Martellini and Branko Urošević
Executive compensation packages are often valued in an inconsistent manner: while employee stock options (ESOs) are typically valued ex‐ante, i.e., before uncertain ties are…
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Executive compensation packages are often valued in an inconsistent manner: while employee stock options (ESOs) are typically valued ex‐ante, i.e., before uncertain ties are resolved, cash bonuses are valued ex‐post, i.e., by discounting the realized cash grants. Such a lack of consistency can, potentially, distort empirical results. A related, yet mostly overlooked, problem is that when ex‐post valuation is used pay‐performance measures cannot be well defined. Consistent use of ex‐ante valuation for all components of a compensation package would simultaneously resolve both of these problems and provide a natural framework for the analysis of agency problems. In this paper, we perform ex‐ante valuation of cash bonus contracts as if the executive’s performance were measured by the company stock price, demonstrate how the shape of the bonus contract influences the executive’s attitude toward risk, and study the pay‐performance sensitiv ty of such contracts. We commence by demonstrating that a typical executive bonus contract with a linear incentive zone has a pay off structure equivalent to a portfolio of standard and binary European call options so that the ex‐ante contract value is given by the linear combination of Black and Scholes call and binary call prices, with the strike prices at the boundary points of the incentive zone. Assuming that a risk neutral executive can choose the level of stock price volatility by selecting a set of projects at origination, we show that bonus contract terms can dramatically affect the executive’s risk taking behavior and pay performance incentives. Our results are extended to bonus contracts with non‐linear incentive zones, and performance share contracts with vesting risk.