The role of information asymmetry in the market for university–industry research collaboration

This study concerns the market for research collaboration between industry and universities. It presents an analysis of the population of all Italian university–industry collaborations that resulted in at least one international scientific publication between 2001 and 2003. Using spatial and bibliometric analysis relating to scientific output of university researchers, the study shows the importance of geographic proximity in companies’ choices of university partner. The analysis also reveals inefficiency in the market: in a large proportion of cases private companies could have chosen more qualified research partners in universities located closer to the place of business.     

How to increase the efficiency of bond covenants: a proposal for the Italian corporate market

Covenants are particular clauses in the debt contracts of firms that restrict business policy, giving creditors the possibility of putting precise actions into force (normally early repayment) when the covenants are violated. The main purpose of covenants given in the literature is to resolve the conflicts of interest between shareholders and bondholders. Lack of coordination between bondholders may, however, reduce the efficiency of these instruments. We propose an application of the Italian law allowing the insertion of a mandatory representation into the new financial hybrid contracts to give an investment firm the right to act with full power on behalf of the bondholders. We show the impact of this proposal using a formalised example for the issuance of a bond with a covenant for a firm.     

Framing through Paradox: Egypt and the “Obama Supports Terrorism” Campaign

This article presents and analyzes the “Obama supports terrorism” campaign, which was launched in Egypt in late June 2013 and was instrumental to the framing of some Islamist groups as terrorist both before and after the 3 July 2013 coup. The analysis of the visual material of the campaign highlights its reliance on various Western discourses from the War on Terror, including some whose religious and racial content is an odd fit for a non-Western, Muslim country like Egypt. Yet, despite the lack of a clear and unified causal narrative to justify such framing, the success of the campaign was crucially aided by the symbolic and rhetorical power its slogan, which provided a credible “schema of interpretation” for its supporters.     

Legitimacy and Internet in the Judiciary: A Lesson From the Italian Courts' Websites Experience

Judiciaries in democratic countries have been facing problemsof low legitimacy due to increasing judicial activism. Traditionalforms of accountability have shown to be inadequate to the presentsituation. The purpose of this article is to examine whethereasy access to information on judicial systems, courts’activities and cases available through the Internet can increaselegitimacy. Although websites can be a tool to enhance accountability,transparency, legality and representativeness of the judiciary,the results of this article show that this is not always thecase. The authors hypothesize that enhancements occur when certaincombinations of four core elements (organization of the webservice provision, access to information, content, and users)take place. Based on an examination of all websites of threejudicial systems, we seek to provide an initial outlook on theuse of websites in facilitating legitimacy, and a contributionto knowledge in the field of courts and ICT.     

Case report of a homicide by a shotgun loaded with unusual ammunition

Reported is the case of a man killed by a neighbor with a shotgun loaded with a unusual ammunition. The cartridge contained several shots chained together by metallic wires. Such ammunition has been used for hunting purposes but is now banned, so it can be handmade only. The joined pellets produce a wound with features that are different from those of a wound made by a regular load of pellets. Several interpretive problems are caused by the unknown number of pellets contained in the shell and the effects of the wire holding the shot together.     

Versto? gegen § 17 TierSchG durch Lebendh?lterung von K?derfischen? Anmerkungen zu: AG Hannover 204 Ds 1252 Js 7381107 (42107) vom 29. Oktober 2007

Mit Urteil vom 29. Oktober 2007 hat das Amtsgericht Hannover einen Angler wegen Versto?es gegen § 17 Nr. 2 b des Tierschutzgesetz (TierSchG) zu einer Geldstrafe in H?he von 15 Tagess?tzen verurteilt. Nach den Feststellungen des Gerichts hatte der Angeklagte am 16.11.2007 sechzig Rotfedern zum Zwecke der Verwendung als K?derfische in einem insgesamt zehn Liter fassenden, jedoch zeitweise lediglich mit sieben Litern Wasser gefüllten ovalf?rmigen Eimer zur weiteren Verwendung zwischengeh?ltert. Im Verlauf der H?lterung schwammen einige der Fische an die Oberfl?che, woraus das Gericht auf einen zwischenzeitlichen Sauerstoffmangel im Beh?ltnis schloss. Nach Auffassung des AG Hannover stellt das Verhalten des Anglers insgesamt einen Versto? gegen § 17 TierSchG in der Modalit?t des Zufügens von l?nger anhaltenden erheblichen Leiden nach Nr. 2 b dar.     

Perilous presidentialism or precarious power-sharing? Hybrid regime dynamics in Myanmar

ABSTRACT

Although Myanmar's transition from military rule has been thoroughly studied, research into the evolving presidential system is lacking. This article maps Myanmar's unique hybrid form of presidentialism and characterises executive-legislative relations between 2012 and 2017. It not only examines institutions themselves but also explores how actors within them have acted and shifted strategically. It is argued that elite-behaviour determines how institutions work. Myanmar's 2008 constitution imposed by the military established a hybrid presidential system with a formally powerful president. The first phase under President Thein Sein saw competitive yet cooperative executive-legislative relations between President Thein Sein and the ambitious House Speaker Shwe Mann, both members of the former military regime. However, this power-sharing arrangement of former members of the military regime became increasingly fragile with the rise of Aung San Suu Kyi and her attempt to change the 2008 constitution. After the election victory of the National League for Democracy (NLD) and the passage of the state counsellor law, a de facto semi-presidential system was established – Burmese style. Since then, the frontline has been between the civilian and military parts of the administration.