We investigate whether negative postacquisition stock-price performance of acquiring firms is a genuine phenomenon or a statistical artifact. Using a comprehensive sample of domestic acquisitions in the 1966-1986 period, we show that acquiring firms underperform a control portfolio only during...

This article describes the development of a CFD 2D model of a new type of ventilated active façade which includes a PCM (Phase Change Material) in its outer layer. The model was carried out using the software Fluent. The numerical results were compared against experimental data obtained by...

Using a large hand-collected data set from 2001 to 2006, we find that activist hedge funds in the United States propose strategic, operational, and financial remedies and attain success or partial success in two-thirds of the cases. Hedge funds seldom seek control and in most cases are...