Search

Abstract: This study investigates the effects of venture capital investments on corporate governance and financial stability of IPO-firms in the emerging markets. We find that VC-backed firms have less agency problems related to excess control than non-VC-backed firms at the time of IPO, and venture capitalists are more likely to improve the excess control problem in firms with weak-governance-structure than those with strong-governance-structure. We also find that VC-backed firms are less likely to encounter financial difficulty than non-VC-backed firms. Taken together, VC investments play a role in mitigating excess control and providing positive financial stability in the emerging markets. [Copyright &y& Elsevier]

This article focuses on the development of a scale to measure task completion motivation. This effort of scale development was suggested by the senior author's introspective observations of the strong tensions produced by uncompleted projects and the strong sense of satisfaction produced when a project was completed. On the basis of the thinking described above, a number of forced-choice items that deal with activities engaged in by adults and college students were developed. One choice was concerned with completing a task once it was started, while the other represented a lack of concern about completing the task.

This article reports that researchers recently reviewed the literature relative to neuropsychological deficits attributable to extended alcohol abuse. Immediately after a period of extended drinking, hospitalized patients suffer a variety of symptoms including tremulousness, clouding of consciousness, concentration difficulties, memory defects, and in some cases, delerium tremens and/or susceptibility to seizures. The general procedure involved contacting new admissions to two alcoholic treatment programs and scheduling them for individual testing.