Electronic document delivery is a concept which promises to solve end‐user problems in retrieving the primary information referenced to in bibliographical databases. This…
Electronic document delivery is a concept which promises to solve end‐user problems in retrieving the primary information referenced to in bibliographical databases. This article describes an approach to electronic document delivery which gradually evolved at Tilburg University over the past two years, leading to the development of a system called Ariadne. First of all, a pragmatic description of electronic document delivery is developed as a basis for a generation model of electronic document delivery systems. This model is illustrated with short references to existing systems and leads to the identification of global requirements for an Ariadne‐like system. Special attention will be paid to existing and developing standards in this field, notably the work of the Group on Electronic Document Interchange (GEDI). The remainder of the article addresses the general model of Ariadne, currently under development at Tilburg University. The article concludes with some strategic issues for libraries and publishers in this field, and a short look into the future.
Library automation in the past twenty years has concentrated on the use of computers in traditional library services. First of all administrative processes were automated; next, the card catalogue was transformed into an Online Public Access Catalogue (OPAC). These traditional processes were very much book‐oriented, while in the same period the importance of journals in the scientific process has grown dramatically. To cope with the growing demand for disclosure of articles, mainly outside the library world, abstracting and indexing services (AIS) emerged. However, some characteristics of AISs mean that library users use them less than OPAC. This was one reason why Tilburg University started the Online Contents project in 1989. The aim of this project was to give users information about articles in the journals collection similar to that given for books. This is a service comparable to ISI's well‐known Current Contents, but mapped on the journals collection at Tilburg University.
With hundreds of thousands of documents to be stored, cataloged, and made readily available to students, faculty, and researchers, a university library is a natural environment for advanced document technologies. In the Netherlands, Tilburg University is one such institution that is embracing leading‐edge computing technologies and building applications that rival those in the business and corporate world. For example, Tilburg has recently deployed Verity's TOPIC for intelligent searching of scientific journals, a system that is saving faculty and students valuable research time.
Provides an introductory look at what savvy users should know about the implications of having information about cited references in I/A records. Looks at the more sophisticated, link‐enabled cited references and the novel citation scores in full‐text collections, then discusses the alternatives for searching efficiently by elements of cited references: cited author, cited title, cited source and cited year in I/A databases and full‐text archives.
This paper aims to investigate whether there are relationships among corporate disclosure of environmental, social and governance (ESG) and firms’ operational (ROA)…
This paper aims to investigate whether there are relationships among corporate disclosure of environmental, social and governance (ESG) and firms’ operational (ROA), financial (ROE) and market performance (Tobin’s Q), and if these relationships are positives or negatives or even neutral.
The study sample covers US S&P 500-listed companies during the period 2009 to 2018. Panel regression analysis was used to examine the study hypotheses and achieve the study aims.
The results showed that ESG disclosure positively affects a firms’ performance measures. However, measuring ESG sub-components separately showed that environmental (EVN) and corporate social responsibility (CSR) disclosure is negatively associated with ROA and ROE. EVN and CSR disclosure is positively related to Tobin’s Q. Further, corporate governance (CG) disclosure is positively related to ROA and Tobin’s Q, and negatively related to ROE. More importantly, ESG, CSR, EVN and CG tend to be higher with firms that have high assets and high financial leverage. Furthermore, the higher level of ESG, EVN, CSR and CG disclosure, the higher the ROA and ROE.
The study limns a vision of the role of ESG on firm performance. This study tries to determine whether there are relationships among all ESG disclosure and FP, and if they are positive, negative or even neutral.
The relationship between ownership structure and firm value has long been of interest in the academic society. The purpose of this paper is to study the relationship…
The relationship between ownership structure and firm value has long been of interest in the academic society. The purpose of this paper is to study the relationship between European real estate investment trusts' (REITs) ownership structure and the observed firm value as measured by market‐to‐book (M/B) ratio. In addition, the potential effects of differing REIT ownership structures on other financial ratios, such as return on equity (ROE) and return on assets (ROA), are analyzed. Finally, the potential impact of strategic/insider ownership on REITs is assessed.
Several “difference between means” tests are run. In each test, the studied group of REITs is divided into three groups according to set criteria. Then, the potential differences observed between the groups are documented, analyzed and reported. Finally, statistical significance of the potential differences among groups is tested.
First, consistent with the previous studies, this study shows that increasing REIT block ownership results in lower M/B ratios as well as decreased dividend yield, ROE and ROA. In other words, the results suggest that, in terms of M/B ratio, the markets value REITs with low block holdings slightly higher than those with more block holders. However, the relationship is not totally explicit. Second, the relationship between strategic/inside ownership and firm value (and other financial measures) is somewhat obscure. The effects of strategic ownership are an interesting topic, also in terms of potential future research.
One of the fundamental ideas behind REIT legislation is to provide investors with a liquid means of investing in indirect real estate by regulating the ownership structure of the vehicle. The results of this study suggest that the more dispersed the shareholder structure, the higher the firm value, potentially due to increased stock liquidity. This finding could serve as an indication to lawmakers that the REIT ownership regulations not only work in theory but in practice, too.
For the first time in an academic context, the relationship of European REIT ownership structures and firm value is studied in‐depth. Proven scientific methods are employed to discern potential, yet unrevealed patterns between REIT ownership and firm value.