The appraisal remedy and merger premiums

The appraisal remedy affords corporate shareholders the optionto redeem their shares for cash in the event of certain transactions,including mergers. Access to appraisal for publicly traded shares,however, differs from state to state. We present the first large-sampleempirical study of the effect of appraisal rights on targetshareholder gains from acquisitions. We examine 1,350 mergersinvolving publicly held firms. We find some evidence that appraisalreduces average shareholder gains in transactions involvingself-interested managers. For the entire sample, however, wefind no evidence that appraisal has any effect, positive ornegative, on target shareholder gains from takeovers.     

Updating an Outdated Mindset

Young people can take on a significant role in shapingChina-U.S.tiesThe last several years have marked difficult times in Sino-American relations;it's been a period of disappointment.For people of Chinese descent residing in the U.S.,it's also been a time of withdrawal.     

Emergence of A Technological Society

Sino(techno)phobia rises among Western technological leadersThe emphasis on developing science and technology and closing the gap that had emerged historically between China and the West has been and remains a key goal of Chinese leaders who have long understood that the Chinese nation’s rejuvenation depends on it.     

Sovereignty Matters

Those who seek to demolish rule of law can't be appointed as keepers of law By most his torical accounts,China began to emerge as a nation-state with the Xinhai Revolution in 1911.The struggle was to transforam from a civilizationstate to a nation-state,per the model imposed then by the hegemony of Western political models.Those initial efforts were not successful。     

A Tale of Two Cultures: Contrasting Quantitative and Qualitative Research

Gary Goertz Department of Political Science, University of Arizona, Tucson, AZ 85721 e-mail: ggoertz{at}u.arizona.edu The quantitative and qualitative research traditions can bethought of as distinct cultures marked by different values,beliefs, and norms. In this essay, we adopt this metaphor towardthe end of contrasting these research traditions across 10 areas:(1) approaches to explanation, (2) conceptions of causation,(3) multivariate explanations, (4) equifinality, (5) scope andcausal generalization, (6) case selection, (7) weighting observations,(8) substantively important cases, (9) lack of fit, and (10)concepts and measurement. We suggest that an appreciation ofthe alternative assumptions and goals of the traditions canhelp scholars avoid misunderstandings and contribute to moreproductive "cross-cultural" communication in political science.     

Critical Lessons in Paternalism

正The renowned American philosopher and scholar John Dewey completed a two-year sojourn to China a century ago, a critical turning point in his life at a time when China, too, stood at a crossroads. Dewey entered China in 1919, the year of the transformative May Fourth Movement, and left in 1921, coincidentally the year the Communist Party of China was founded.     

Path-Dependent Explanations of Regime Change: Central America in Comparative Perspective

This article explores the application of ideas about path dependence to the study of national political regime change. It first reviews the central components of pathdependent explanation, including the concepts of critical juncture and legacy. This mode of explanation is then employed in the analysis of diverging regime trajectories in Central America during the 19th and 20th centuries. The article argues that the 19th-century liberal reform period was a critical juncture that locked the Central American countries onto divergent paths of long-term development, culminanting in sharply contrasting regime outcomes. A final section puts the argument about Central America in a broader comparative perspective by considering other pathdependent explanations of regime change. James Mahoney is assistant professor of sociology at Brown University. He is the author ofThe Legacies of Liberalism: Path Dependence and Political Regimes in Central America (2001). His current research focuses on long-run development and the legacy of Spanish colonialism in Latin America. For helpful comments and criticisms on an earlier draft, I would like to thank David Collier, Gerardo L. Munck, and the anonymous referees.