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Ugg Slippers,premium to the size of growth

Ugg Slippers,premium to the size of growth

We show that a cross-listing enables firms to obtain, from the Uggs Slippers Kids stock market, more precise information about the value of their growth opportunities. Thus, cross-listed firms make better investment decisions and trade at a premium. This Ugg Slippers theory of cross-listings implies that the sensitivity of investment to stock prices is larger for cross-listed firms. Moreover, the cross-listing premium is positively related to the size of growth opportunities and negatively related to the quality of managerial information. The sensitivity of the premium to the size of growth opportunities increases with factors that strengthen the impact of the cross-listing on price informativeness. Ships are floating industrial plants which generate great amounts of toxic and hazardous wastes. Nevertheless, a feasible model for the management of such wastes has not been developed yet. This work studies the feasibility of treating those wastes aboard the ship by means of aqueous oxidation at high pressures and temperatures. Wet air oxidation has proved to be a very efficient technology for the treatment of those residual currents, resulting in destruction efficiencies of greater than 90% of initial COD and 99.9% of oil/greases content. A kinetic model for the oxidation process, based on a series–parallel reaction pathway, is proposed and is shown to fit the experimental results.
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