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Article
Publication date: 1 January 1935

A.I. Nekrasov

THOUGH Soviet aviation has its roots in pre‐revolutionary Russia, its main development has taken place since the revolution. Russian military aviation dates from 1910…

Abstract

THOUGH Soviet aviation has its roots in pre‐revolutionary Russia, its main development has taken place since the revolution. Russian military aviation dates from 1910, when several officers were sent to foreign aviation schools by the Russian government; but at that time there were no Russian‐built aeroplanes.

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Aircraft Engineering and Aerospace Technology, vol. 7 no. 1
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 November 1939

IT has always been difficult to obtain information regarding the progress of aviation in the U.S.S.R. and, in particular, reliable details of aeroplane types have been…

Abstract

IT has always been difficult to obtain information regarding the progress of aviation in the U.S.S.R. and, in particular, reliable details of aeroplane types have been especially hard to come by. This cloak of mystery arises from two causes: the natural reticence of the Soviet authorities (natural in the first place because of the poor state of development, and the inefficiency of, aeroplane design and production in the past, but now less understandable as a matter of settled policy) and the unreliable political colouring of such reports as those which do leave the country. It has usually been impossible to accept any description without careful “watering down,” for the communist enthusiast can see no wrong, while their political opponents can do naught but find fault. The following notes have been carefully prepared from a considerable quantity of the available data and, though regrettably incomplete, are believed to present accurate details of the machines described.

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Aircraft Engineering and Aerospace Technology, vol. 11 no. 11
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 June 1942

James Hay Stevens

THE spread of the war to the East in the summer of 1941 has disproved the opinions of Russian aeroplanes that were widely held outside that country and, at the same time…

Abstract

THE spread of the war to the East in the summer of 1941 has disproved the opinions of Russian aeroplanes that were widely held outside that country and, at the same time, it has shown that the progress in design, which started to be apparent between 1925 and 1930, has been steadily maintained. In a previous article an outline of the Soviet aviation system, together with details of some of the then more modern designs, was given for the period up to 1939. Exact information about Russian aeroplanes is still hard to obtain, but what can be discovered bears out the conclusions given in this earlier article.

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Aircraft Engineering and Aerospace Technology, vol. 14 no. 6
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 July 1948

Under this heading are published regularly abstracts of all Reports and Memoranda of the Aeronautical Research Council, Reports and Technical Notes of the United States…

Abstract

Under this heading are published regularly abstracts of all Reports and Memoranda of the Aeronautical Research Council, Reports and Technical Notes of the United States National Advisory Committee for Aeronautics and publications of other similar Research Bodies as issued

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Aircraft Engineering and Aerospace Technology, vol. 20 no. 7
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 October 1948

Charles W. Cain

FOR some years the writer of this article has carefully studied the scanty and conflicting information available on the aircraft of the U.S.S.R. and the organization of…

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Abstract

FOR some years the writer of this article has carefully studied the scanty and conflicting information available on the aircraft of the U.S.S.R. and the organization of both military and civil aeronautics. It has been our policy to publish, whenever possible, articles giving accurate—if of necessity limited—details of Russian developments. In this respect we would point out to readers that the contents of this present article may appear somewhat conservative, because only undoubted facts have been presented and, as such, it offers a commentary upon the mixture of fanciful propaganda and restricted information available—a fact which we have had to mention on each previous occasion that we have published a similar article.— EDITOR

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Aircraft Engineering and Aerospace Technology, vol. 20 no. 10
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 September 1993

Marina Vcherashnaya Rosser

Argues that the collapse of socialism in the former Soviet Union aswell as the collapse of that state resulted from a complex interactionof both internal and external…

Abstract

Argues that the collapse of socialism in the former Soviet Union as well as the collapse of that state resulted from a complex interaction of both internal and external factors. Internally the systemic transformation is significantly impeded by the hysteretic memory of the old system and its functioning. External pressures influence the pace and the scope of this transformation, conditioning Western assistance to the reform process by the demands for rapid convergence to the path of the resolute marketization. The evolution of the internal and external circumstances has brought about the current crisis in the former Soviet Union and raised the critical question of tactical and strategic goals.

Details

International Journal of Social Economics, vol. 20 no. 9
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 January 1935

WE must apologise for the delayed appearance of the article on the Paris Aero Exhibition by M. de Marolles. The show opened so late in November that only by exact…

Abstract

WE must apologise for the delayed appearance of the article on the Paris Aero Exhibition by M. de Marolles. The show opened so late in November that only by exact adherence to a schedule which we had prearranged was it, we hoped, possible for it to appear, in synchrony with the closing of the exhibition, in our issue published on December G. Unfortunately, through the vagaries of the French or British Post Office—or both—in spite of the author's posting his manuscript strictly to time, it did not arrive until just too late.

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Aircraft Engineering and Aerospace Technology, vol. 7 no. 1
Type: Research Article
ISSN: 0002-2667

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Abstract

I reexamine the conflicting results in Frank, Lynch, and Rego (2009) and Lennox, Lisowsky, and Pittman (2013). Frank et al. (2009) conclude that firms can manage book income upward and taxable income downward in the same period, implying a positive relation between aggressive book and tax reporting. Lennox et al. (2013) conclude the relation is negative and aggressive book reporting informs users that aggressive tax reporting is less likely. I identify four key differences in the research designs across the two studies, including measures of aggressive book reporting, measures of aggressive tax reporting, sample time periods, and empirical models. I systematically examine whether each of these differences is responsible for the conflicting results by altering the key difference while holding other factors as constant as possible. I find the relation between aggressive book and tax reporting is driven by the measure of aggressive book reporting, as the relation is positive for some subsets of firms and negative for others. Firms accused of financial statement fraud have a negative relation while nonfraud firms exhibit a positive relation. Using discretionary accruals, I also look for, but do not find a “pivot point” in the relation between aggressive book and tax reporting. I provide a better understanding of the relation between aggressive book and tax reporting by identifying research design choices that are responsible for prior results. I show that measures of both discretionary accruals and financial statement fraud are necessary to gain a more complete picture of the relation between aggressive book and tax reporting.

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Article
Publication date: 6 July 2018

Stelios Bekiros, Nikolaos Loukeris, Iordanis Eleftheriadis and Gazi Uddin

The authors construct asset portfolios comprising small-sized companies and value stocks that provide with higher returns for the UK market based on a three-factor model…

Abstract

Purpose

The authors construct asset portfolios comprising small-sized companies and value stocks that provide with higher returns for the UK market based on a three-factor model with incorporated behavioural features. The authors were able to demonstrate that value factor model is vulnerable to behavioural patterns, especially corporate fraud. In all of the above, the authors utilised a new proportional sorting methodology against the value ranking approach, commonly employed in empirical studies. Strong evidence is observed that portfolio performance based on various syntheses of allocated assets reveals counter-intuitive results related to the BE/ME, namely, that expected returns based on size and BE/ME produce significant errors and small firms retain consistently better returns. The reason might be the unusual accounting techniques many firms follow to receive extended capital after management decisions. The paper aims to discuss these issues.

Design/methodology/approach

The authors were able to demonstrate that value factor model is vulnerable to behavioural patterns, especially corporate fraud. In all of the above, authors utilised a new proportional sorting methodology against the value ranking approach, commonly employed in empirical studies. Strong evidence is observed that portfolio performance based on various syntheses of allocated assets reveals counter-intuitive results related to the BE/ME, namely, that expected returns based on size and BE/ME produce significant errors and small firms retain consistently better returns. The reason might be the unusual accounting techniques many firms follow to receive extended capital after management decisions.

Findings

Value factor model is vulnerable to behavioural patterns, especially corporate fraud. In all of the above, the authors utilised a new proportional sorting methodology against the value ranking approach, commonly employed in empirical studies. Strong evidence is observed that portfolio performance based on various syntheses of allocated assets reveals counter-intuitive results related to the BE/ME, namely, that expected returns based on size and BE/ME produce significant errors and small firms retain consistently better returns. The reason might be the unusual accounting techniques many firms follow to receive extended capital after management decisions. Overall, asset pricing models with embedded risk factors which entail either shares or dividends are logically circular behavioural simultaneities, thus invalid when tested and estimated by statistical methods as an outcome of the EMH.

Originality/value

In distinctive contrast to the recent literature, the authors show that the returns from a size factor model of small stocks tend to outperform big stocks especially in crisis periods. Moreover, the authors were able to demonstrate that value factor model is vulnerable to behavioural patterns, especially corporate fraud. In all of the above, the authors utilised a new proportional sorting methodology against the value ranking approach, commonly employed in empirical studies. Strong evidence is observed that portfolio performance based on various syntheses of allocated assets reveals counter-intuitive results related to the BE/ME, namely, that expected returns based on size and BE/ME produce significant errors and small firms retain consistently better returns. The reason might be the unusual accounting techniques many firms follow to receive extended capital after management decisions. Overall, asset pricing models with embedded risk factors which entail either shares or dividends are logically circular behavioural simultaneities, thus invalid when tested and estimated by statistical methods as an outcome of the EMH.

Details

Review of Behavioral Finance, vol. 10 no. 3
Type: Research Article
ISSN: 1940-5979

Keywords

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Article
Publication date: 1 October 1943

Our article on the recently‐issued Post‐war Proposals of the Library Association is, like the accounts that have appeared elsewhere, merely preliminary. It must be…

Abstract

Our article on the recently‐issued Post‐war Proposals of the Library Association is, like the accounts that have appeared elsewhere, merely preliminary. It must be productive of much suggestion and comment, including we have no doubt much criticism from librarians. It has been given, we understand, a most extensive circulation, to Members of Parliament, local authorities, all Town Clerks and Clerks to Councils, all societies which have social and cultural objects, selected private persons, all members of the L.A. and, of course, the press in London and the Provinces. Some measures of the interest in libraries may be gained from the amount of discussion that will ensue. We hope that our readers will at least keep us in touch with their opinions and suggestions and will make every effort to prevent their submergence in the welter of schemes and reports now surrounding us.

Details

New Library World, vol. 46 no. 4
Type: Research Article
ISSN: 0307-4803

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