The implementation of the EU Prospectus Directive (2003/71/EC)(the ‘Directive’) has resulted in significant changesand new opportunities for many issuers of securities in theEuropean Capital Markets. The Directive and its subordinatelegislation, Commission Regulation (EC) No 809/2004 (the ‘EURegulation’) requires, as did the previous EU legislation,that a prospectus, containing certain required disclosure, beapproved by an EEA competent authority and published beforesecurities are offered to the public or admitted to an EEA-regulatedmarket. But, in doing so, it introduces important changes thatwill, its architects hope, result in a more active cross-borderretail market in securities within the EEA. These changes includea common language regime, under which, in cross-border situations,an English language version of the prospectus will normallybe valid for admission to regulated markets or a public offeranywhere in the EEA, thus avoiding expensive and time-consumingmultiple translations. It also provides . . . [Full Text of this Article]   1. Introduction2. French highlightsApproval of the prospectusScopeContent of prospectusesRisk factorsLanguageResponsibility for prospectusesPublicationInformation to be provided within prospectuses3. Summary   1. Introduction2. Scope of application of the securities Prospectus Act3. ‘Frequent issuer exemption’4. Publication rules5. Prospectus supplement and investor withdrawal right6. Summary   1. Introduction2. Implementation3. Competent authorityListing rules/prospectus rulesUnregulated offers4. Responsibility/liability5. Summary   1. Introduction2. Implementation3. National variations from the Directive4. Practical impact5. Summary   1. Introduction2. Regulatory framework3. Luxembourg Prospectus Directive options4. Public offers of securities5. Summary   1. Introduction2. Definition of ‘security’3. Concept of ‘offer’4. Supplemental prospectus and withdrawal rights5. Published prospectus identical to approved prospectus6. Six days rule7. Language8. Public offer exemption9. Summary   1. Introduction2. The RDL 53. The CNMV notice4. The RD 13105. The order 35376. Summary   1. Introduction2. Standardized prospectus content requirements3. The Official List of the FSA (the ‘Official List’)4. Official List eligibility requirements5. The Alternative Investment Market (‘AIM’)6. Withdrawal rights7. Draft prospectuses8. Qualified investor exemption9. Summary  相似文献   
119.
Poles' evaluation of the benefits of the Polish economic transformation: A rectification of the misleading of Jeffrey Sachs     
Anna Cielecka  John Gibson 《Economic Change and Restructuring》1996,29(2):131-137
In his protracted dispute with Jan Adam over the early benefits of the Polish ‘shock therapy’ approach to economic reform, a key, and still intact, component of Jeffrey Sachs' case has been a relatively favourable 1991 opinion poll about Poles' perceptions of the benefits of economic reform. This reported that a substantial majority of Poles felt their standard of living had improved as a result of the first two years of economic reform. This was an apparently powerful argument in favour of Poland's particular shock therapy approach to economic reform, as residents of other East European countries, some subject to more gradualist reforms, responded much less positively to the identical question put as part of the same research programme. However, the cited result should be seen as posing a mystery that is at odds with other monthly polls in Poland and seems incompatible with the results of the 1991 Polish Parliamentary elections, which showed a return of support to post-communist parties. A deeper analysis of opinion polls which follows solves the mystery, when it is shown how the cited result was in error and was published in a form diametrically opposite to the true result.  相似文献   
120.
Is the U.S. Supreme Court's Legitimacy Grounded in Performance Satisfaction and Ideology?          下载免费PDF全文
James L. Gibson  Michael J. Nelson 《American journal of political science》2015,59(1):162-174
Bartels and Johnston have recently presented evidence suggesting that the legitimacy of the U.S. Supreme Court is grounded in the ideological preferences and perceptions of the American people. In addition, they offer experimental data purporting to show that dissatisfaction with a single Court decision substantially diminishes the institution's legitimacy. These findings strongly break with earlier research on the Court's institutional support, as the authors recognize. The theoretical implications of their findings are profound. If the authors are correct that legitimacy is strongly dependent upon satisfying the policy preferences and ideological predilections of the American people, the essence of legitimacy is fundamentally transformed. Consequently, we reinvestigate the relationships among ideology, performance satisfaction, and Court legitimacy, unearthing empirical findings that diverge markedly from theirs. We conclude with some thoughts about how the Court's “countermajoritarian dilemma” can be reconceptualized and recalculated, once more drawing conclusions sharply at odds with those of Bartels and Johnston.  相似文献   
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111.
Asia Europe Journal - This article argues that Indonesia-EU economic relations have been accompanied by a post-colonial narrative, which has led to a transposition of anti-colonial sentiment...  相似文献   
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114.
This article studies the choice of godparents in Aubervilliers, a French catholic rural parish near Paris, during the Early Modern Era. At the turn of the sixteenth century, godparenthood essentially served to extend social ties. Vertical godparenthood was quite visible, at least with regards to ‘elite’ local residents. The shift toward kin godparenthood happened over the long term, with a clear acceleration in the second half of the eighteenth century. A second evolution was the result of the Council of Trent. In the north of France, shifts from the ternary model of godparenthood to the godmother/godfather system at the beginning of the seventeenth century increased the proportion of elites amongst the godparents selected. This would indicate a strengthening of the clientele model of godparenthood in the seventeenth century, as suggested by Alfani's works on Italy. Finally, godparenthood was gender-sensitive. In the sixteenth and seventeenth centuries, godmothers from the maternal side were greater in number than those from the paternal side, while godfathers from the paternal side were greater in number that those from the maternal side. Above all, the sex of the christened child took on a decisive dimension at the time when choices became more family-focused in the eighteenth century. This new consideration of the child's gender would seem to indicate a shift in the concept of the tie created at the time of the baptism. The intergenerational link between godchildren and godparents would take on new significance, in contrast to the relationship between parents and godparents that proved so crucial at the beginning of the Early Modern Era.  相似文献   
115.
The demographic evidence of gender bias in many countries has provided an impetus for finding ways to study the status of women in developing countries. Because of the lack of accurate intra-household data, Deaton [1989 Deaton, A. 1989. Looking for Boy–Girl Discrimination in Household Expenditure Data. World Bank Economic Review, Vol.3, No.1: pp.1–15 [Google Scholar]] introduced a method for using household expenditure data to infer discrimination in the allocation of goods between boys and girls. Few studies of discrimination using the method, however, have detected bias even though alternative indicators suggest it is a serious problem. In this paper, we study the case of Papua New Guinea, a country in which there are many indicators of severe gender bias. Discrimination in the allocation of goods between boys and girls within households in Papua New Guinea is examined using Deaton's outlay-equivalent ratio method. Adding a boy to the household reduces expenditure on adult goods by as much as would a nine-tenths reduction in total outlay per member, but girls have no effect on adult goods expenditure. The hypothesis of Haddad and Reardon [1993 Haddad, L and Reardon, T. 1993. Gender Bias in the Allocation of Resource within Households in Burkina Faso: a Disaggregated Outlay Equivalent Analysis. Journal of Development Studies, Vol.29, No.2: pp.260–76 [Google Scholar]] that gender bias is inversely related to the importance of female labour in agricultural production is not supported. Sensitivity analysis shows that bias in rural areas occurs equally regardless of the age of the household head, while bias against girls may be less in regions of the country that have ethnic groups which practice matrilineal descent.  相似文献   
116.
Studies of Web use during elections have focused mainly on the content of Web sites and on the major factors driving parties' and candidates' adoption of the technology. Evaluations of the electoral impact of Web campaigns have been more limited. This article examines the nature and extent of Web use by voters and parties in the 2007 Australian federal election, focusing particularly on the consequences of Web 2.0 campaigning for candidate vote share. The findings show differing levels of commitment to older and newer e-campaigning technology across parties and their supporters and significant electoral advantages are associated with minor parties candidates using Web 2.0 campaign tools. The results confirm existing studies' findings about the impact of Web campaigns on contemporary elections, but that these effects are moderated by the type of Web tools used and party using them.  相似文献   
117.

Purpose

Many criminological scholars explore the social causes of crime while giving little consideration to the possibility that genetic factors underlie the observed associations. Indeed, the standard social science method (SSSM) assumes genetic influences do not confound the association between X and Y. Yet, a nascent stream of evidence has questioned the validity of this approach by revealing many criminological variables are at least partially affected by genetic influences. As a result, a substantial proportion of the literature may be misspecified due to uncontrolled genetic factors. No effort has been made to directly estimate the extent to which genetic confounding has biased the associations presented in criminological studies.

Methods

The present study seeks to address this issue by drawing on simulated datasets.

Results/Conclusions

Results suggest genetic confounding may account for a negligible portion of the relationship between X and Y when their correlation (ryx) is larger than the correlation between genetic factors and Y (i.e., ryx > ryg). Genetic confounding appears to be much more problematic when the correlation between X and Y is in the moderate-to-small range (e.g., ryx = .20) and the genetic effect is in the moderate-to-large range (e.g., ryg ≥ .30).  相似文献   
118.
Dr. Axel Gehringer HengelerMueller David Byers McCann FitzGerald, Solicitors, Dublin, Ireland Stefano Cuccia Head of Regulation, TLX, Milan Henri Wagner Allen and Overy, Luxembourg Petra Zijp NautaDutilh, Amsterdam José Manuel Cuenca and Yolanda Azanza Clifford Chance Daniel Bushner and Jonathan Parry Ashurst, London The first 150 words of the full text of this article appear below.
   Editor's Note    France    Germany    Ireland    Italy    Luxembourg    Netherlands    Spain    United Kingdom
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