Documents disponibles écrits par cet auteur

Deal or no deal / Maurice Levi in Management science, Vol. 56 N° 9 (Septembre 2010) 

Public ISBD [article]  in Management science > Vol. 56 N° 9 (Septembre 2010) . - pp. 1462-1483 Titre : Deal or no deal : Hormones and the mergers and acquisitions game Type de document : texte imprimé Auteurs : Maurice Levi, Auteur ; Kai Li, Auteur ; Feng Zhang, Auteur Année de publication : 2010 Article en page(s) : pp. 1462-1483 Note générale : Management Langues : Anglais (eng) Mots-clés : Mergers  and  acquisitions  Male  dominance  seeking  CEO  testosterone  Bid  initiation  Bid  withdrawal  Tender  offers Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : Young male CEOs appear to be combative: they are 4% more likely to be acquisitive and, having initiated an acquisition, they are over 20% more likely to withdraw an offer. Furthermore, a young target male CEO is 2% more likely to force a bidder to resort to a tender offer. We argue that this combative nature is a result of testosterone levels that are higher in young males. Testosterone, a hormone associated with male dominance seeking, has been shown to influence prospects for a cooperative outcome of the ultimatum game. Specifically, high-testosterone responders tend to reject low offers even though this is against their interest. It has been argued that this is consistent with a low offer being seen as dominance seeking. The acts of attempting or resisting an acquisition can be viewed as striving to achieve dominance. We argue that the evidence reported in this paper is consistent with the presence of a significant hormone effect in mergers and acquisitions. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/56/9/1462 [article] Deal or no deal : Hormones and the mergers and acquisitions game [texte imprimé] / Maurice Levi, Auteur ; Kai Li, Auteur ; Feng Zhang, Auteur . - 2010 . - pp. 1462-1483. Management Langues : Anglais (eng) in Management science > Vol. 56 N° 9 (Septembre 2010) . - pp. 1462-1483 Mots-clés : Mergers  and  acquisitions  Male  dominance  seeking  CEO  testosterone  Bid  initiation  Bid  withdrawal  Tender  offers Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : Young male CEOs appear to be combative: they are 4% more likely to be acquisitive and, having initiated an acquisition, they are over 20% more likely to withdraw an offer. Furthermore, a young target male CEO is 2% more likely to force a bidder to resort to a tender offer. We argue that this combative nature is a result of testosterone levels that are higher in young males. Testosterone, a hormone associated with male dominance seeking, has been shown to influence prospects for a cooperative outcome of the ultimatum game. Specifically, high-testosterone responders tend to reject low offers even though this is against their interest. It has been argued that this is consistent with a low offer being seen as dominance seeking. The acts of attempting or resisting an acquisition can be viewed as striving to achieve dominance. We argue that the evidence reported in this paper is consistent with the presence of a significant hormone effect in mergers and acquisitions. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/56/9/1462

Modeling of cross-flow filtration processes in an airlift ceramic membrane reactor / Feng Zhang in Industrial & engineering chemistry research, Vol. 48 N° 23 (Décembre 2009) 

Public ISBD [article]  in Industrial & engineering chemistry research > Vol. 48 N° 23 (Décembre 2009) . - pp. 10637–10642 Titre : Modeling of cross-flow filtration processes in an airlift ceramic membrane reactor Type de document : texte imprimé Auteurs : Feng Zhang, Auteur ; Wenheng Jing, Auteur ; Weihong Xing, Auteur Année de publication : 2010 Article en page(s) : pp. 10637–10642 Note générale : Industrial chemistry Langues : Anglais (eng) Mots-clés : Modeling--Cross-Flow--Filtration--Processes--Airlift--Ceramic--Membrane--Reactor Résumé : Air sparging is recognized as an effective way to overcome concentration polarization in membrane filtration processes. The mechanism of flux enhancement in the case of slug flow in tubular ceramic membrane is discussed in this Article. The region near the gas slug is divided into three different zones: gas slug zone, wake zone, and remaining liquid slug zone. Air sparging significantly increases shear stress and flow instabilities, and consequently lowers concentration polarization for the gas slug zone and the wake zone. A novel model based on hydrodynamics of air−liquid two-phase flow is developed to predicting permeate flux in such processes. The dimensionless groups of filtrate resistance number and shear stress number are used to analyze the cake resistance induced by the concentration polarization, and, from these, the average permeate flux for air sparged ultrafiltration can be calculated. The model was tested by the ultrafiltration of T2000 dextran at different gas flow rates with an external-loop airlift ceramic membrane reactor. The model is validated with experimental data with an error of 10%. Experimental results show that air sparging can enhance the permeate flux significantly. ISSN : 0888-5885 En ligne : http://pubs.acs.org/doi/abs/10.1021/ie900512g [article] Modeling of cross-flow filtration processes in an airlift ceramic membrane reactor [texte imprimé] / Feng Zhang, Auteur ; Wenheng Jing, Auteur ; Weihong Xing, Auteur . - 2010 . - pp. 10637–10642. Industrial chemistry Langues : Anglais (eng) in Industrial & engineering chemistry research > Vol. 48 N° 23 (Décembre 2009) . - pp. 10637–10642 Mots-clés : Modeling--Cross-Flow--Filtration--Processes--Airlift--Ceramic--Membrane--Reactor Résumé : Air sparging is recognized as an effective way to overcome concentration polarization in membrane filtration processes. The mechanism of flux enhancement in the case of slug flow in tubular ceramic membrane is discussed in this Article. The region near the gas slug is divided into three different zones: gas slug zone, wake zone, and remaining liquid slug zone. Air sparging significantly increases shear stress and flow instabilities, and consequently lowers concentration polarization for the gas slug zone and the wake zone. A novel model based on hydrodynamics of air−liquid two-phase flow is developed to predicting permeate flux in such processes. The dimensionless groups of filtrate resistance number and shear stress number are used to analyze the cake resistance induced by the concentration polarization, and, from these, the average permeate flux for air sparged ultrafiltration can be calculated. The model was tested by the ultrafiltration of T2000 dextran at different gas flow rates with an external-loop airlift ceramic membrane reactor. The model is validated with experimental data with an error of 10%. Experimental results show that air sparging can enhance the permeate flux significantly. ISSN : 0888-5885 En ligne : http://pubs.acs.org/doi/abs/10.1021/ie900512g