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This review looks firstly at a set of recent articles that examine basic concepts of interlending in particular and resource sharing in general. Some authors are supportive of resource sharing and interlending, while others question its validity, demanding better examination of its benefits or better local provision. A very forthright paper concentrates on access, whilst another foresees greater user involvement in interlending. New technological developments are reported in a review of several articles on the successes and failures of telefacsimile transmission, ending with a brief mention of a new development — CD—hypenROMs. The European Communities' Docolsys proposal is reported, and a series of contrasting articles on interlending and union catalogues in the USSR is discussed. Recent developments in Canada are briefly reported, and the review ends with a consideration of a paper on humanities interlending requests surveyed by a Spanish research institute.

The reviews of interlending and document supply appearing regularly in this journal are themselves reviewed to give a world picture of interlending in the years 1975 to 1985. National and international lending have increased. National and international systems have been planned and performance improved in some countries. Others have seen little progress. Union catalogues and subject specialist collections have their part to play, but the greatest development has been in networks, particularly OCLC. Interlending is still beset by questions of the costs of services, of charging and copyright. Developments in new technology have still to make much impact on document supply, although various projects in this area are already in hand.

This review is based for the most part on conference proceedings. It begins with a look at recent developments in interlending in Australasia, with a comparison of interlending statistics, and papers from a resource‐sharing conference in New Zealand reporting Australian and New Zealand interlending practice. Unresolved attempts to define an interlending plan for Australia are discussed together with the present situation. Two delegates' papers at a conference in Western Australia report contrasting developments there. Turning to the UK, four papers from an interlending conference consider the current UK situation, financial aspects, the end user's view and future development of interlending. Finally, a world‐wide collection of ‘proceedings’ is reviewed, dealing with different interlending systems in the UK, FRG, GDR, USA, Netherlands, Denmark, Sweden, China and the European Communities' DOCDEL project, with particular reference to Patent information in Germany and the TRANSDOC project in France.

The review begins with a study of several analyses of statistics relating to interlibrary loan. The subjective nature of some of these is stressed and the danger of using statistical data in isolation is highlighted. Statistical evidence is also brought into the discussion about the conflict between interlending and preservation which centres on the difference between the book and the text. Whilst two authors take a rather conservative approach, the third looks on the problem with a more liberal attitude. Although the intrinsic safety of the materials involved is a partial barrier to interlending in developing countries, writers from both Africa and Latin America emphasize the major obstacles to advancing ILL are professional attitudes and jealousies. The proceedings of a seminar in India are reported in which a number of participants put forward possible interlending models for their country. The deliberations in Australia also centre round the alternative models available, and arguments over the costs involved persist leading to some novel arguments about making ILL a free service. The development of interlending in Illinois is examined in some detail. The impact of interlending on acquisitions policies is discussed in two papers which show that interlending is still a backup for low use material when viewed in this context. The review closes with a discussion of the future particularly in terms of money and resources which are likely to become more and more limited. The demise of the US plan for a National Periodicals Center is used to show that money and power are major elements in deciding the fate of interlending schemes.

This review begins by looking at interlending statistics from research libraries in New Zealand and the USA, which show a general increase in interlending activity, but with far more lending than borrowing being carried out. International interlending statistics for 1982 are briefly analysed and a paper describing the use of interlending statistics to detemine monographic acquisitions policy is discussed. Two major reports on interlending and document delivery in Quebec and the USA reveal inadequacies in these services, mainly in supply times, and their authors put forward suggestions for improvement in the future. The views of a US author on the future of document delivery are discussed along with an electronic messaging survey in the USA, the DOCDEL project in Europe and the present and future prospects for interlending in the USSR. News of new interlibrary loan subsystems in the major US on‐line bibliographic networks is given. Finally a new interlibrary loan handbook from the USA is reviewed.

This review covers three broad areas. Firstly, interlending statistics from West Germany and France are summarized. Secondly papers on interlending of specialist materials (microform, audiovisual materials and music) are discussed. Thirdly, the review looks at some recent applications of new technology: the use of electronic mail for request transmission in Canada, three experiments with telefacsimile transmission of documents in the USA together with a proposal for high‐speed telefacsimile transmission via satellite in Australia, and the use of microcomputers in interlibrary loan departments. A new article delivery service in the USA and the demise of the Pacific Northwest Bibliographic Center are reported. Finally, the publication of a draft version of guidelines on union catalogues of serials is mentioned.

The picture of international lending is one of diversity: different systems, methods of application, restrictions, methods of payment etc. Problems caused by this diversity are compounded by language difficulties, length of supply times and lack of information regarding the progress of requests. Developments in electronic technology will probably aid the smoother running of international lending, particularly the growth of electronic databases with accompanying electronic mail systems.

The purpose of this paper is to investigate that how firms’ pre-issue investment levels and changes in institutional ownership (IO) affect their long-run performance after seasoned equity offerings (SEOs).

The authors use Richardson’s (2006) method to measure firms’ pre-issue investment levels and then divide the SEO firms into the under-, normal-, and overinvesting groups. The study examines the relation between the pre-issue abnormal investment and long-run post-issue performance. In addition, the authors examine whether changes in IO around SEOs affects SEO firms’ performance.

The authors find a quadratic relation between the pre-issue abnormal investment and the long-run post-issue performance. In other words, the underinvesting and overinvesting groups tend to underperform. The authors also find that changes in IO around SEOs positively associate with firms’ long-run performance.

The authors ascribe the underperformance of underinvesting firms to the deficiency of good growth opportunities; for overinvesting firms, the authors link to the misalignment problem of managerial incentive (i.e. empire building).

The results suggest that long-run investors should be cautious of buying new-issue shares of underinvesting and overinvesting firms, especially those with insignificant increases in IO.

The review begins with a look at the interlending of audiovisual materials. The main obstacles in this area are fear of damage in transit and packaging problems, costs of transportation, copyright and contractual restrictions, the lending/reference conflict, and problems of incompatibility of technical equipment. The general problems are discussed and also the situation in the United Kingdom and Australia. The interlending of music is examined with a critical look at an ambitious scheme for combining ILL and publication on demand by using telefacsimile. A continued growth in the volume of interlending traffic is detected by analysing figures from Canada, the USA, the German Democratic Republic, and the UK. The administration of ILL systems is critical for their efficiency and the questions of staffing and finance are examined. The nature of ILL work has changed so as to require more qualified staff and it is necessary to look at all the components of interlending work to estimate what elements, if any, should be charged to the system itself and what are overheads for general library use. Finally the value of grandiose networking schemes in Third World countries is questioned in the light of experiences from the Arab World, India, and Brazil.

President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton presidency, systematically have sought to undermine this president with the goal of bringing down his presidency and running him out of office; and that they have sought non‐electoral means to remove him from office, including Travelgate, the death of Deputy White House Counsel Vincent Foster, the Filegate controversy, and the Monica Lewinsky matter. This bibliography identifies these and other means by presenting citations about these individuals and organizations that have opposed Clinton. The bibliography is divided into five sections: General; “The conspiracy stream of conspiracy commerce”, a White House‐produced “report” presenting its view of a right‐wing conspiracy against the Clinton presidency; Funding; Conservative organizations; and Publishing/media. Many of the annotations note the links among these key players.