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We evaluate the over-valuation hypothesis and merger arbitrage price pressure hypothesis as potential explanations for the observed negative returns to stock acquirers around merger announcement. Using daily shorting flow data, we show that the majority of the negative announcement returns can...

This study spatially quantifies hydrological ecosystem services and the production of ecosystem services at the watershed scale. We also investigate the effects of stressors such as land use change, climate change, and choices in land management practices on production of ecosystem services and...

Agriculture has the potential to supply considerable amounts of biomass for renewable energy production from dedicated energy crops as well as from crop residues of existing production. Bioenergy production can contribute to the reduction of greenhouse gas (GHG) emissions by using ethanol and...

This paper studies the effects of voluntary accounting information disclosure through auditing on firm access to finance, exposure to corruption, and sales growth. Relying on a data set of more than 70,000 firms in 121 countries, the analysis finds that disclosure can be a double-edged sword. On...

Project alliancing, also known as collaborative contracting, is designed to foster integration practice between multidisciplinary teams involved in delivering construction projects. If continuous improvement in project alliances is to be achieved through the use of integrated teams, a means of...

<title>Abstract</title> New Zealand is vulnerable to natural disasters. When disasters occur, the effects can be devastating on the built environment. As one aspect of a major programme of research in New Zealand, the authors address the recovery issue in terms of how legislation either facilitates or hinders...

The availability of resources allows for the rapid and cost-effective delivery of a construction project. For rebuilding programmes after a disaster, the need for better understanding of factors affecting resource availability and their potential impacts on resourcing outcomes can be of crucial...