The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.

The authors rely on 40 in-depth interviews with male and female physicists at universities in China to determine why the country has so few women in physics — a discipline of science where there is extensive gender segregation.

In this first-ever survey of biologists and physicists in eight regions around the world, the authors analyze the religiosity of scientists or their perceptions of the science-faith interface. The study is published in the Aug. 31, 2016, issue of Socius: Sociologic Research for a Dynamic World.

Last year’s China-Russia gas energy deals pack some significant economic and geopolitical clout, but many Western commentators have lost sight of the humanitarian ends for which the gas deals were designed.

Latin America has witnessed an unprecedented natural resource boom in the last decade. However, the macroeconomic and social achievements cannot hide the significant challenges and some negative effects of the mining boom, including the so-called resource curse.

With a favorable market and nearly inexhaustible resource base, Venezuela has a historic opportunity to boost its oil industry. However, the industry faces serious policy hurdles, and the potential of this investment is likely to be wasted.

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Abstract

Can we construct transnational or…

The significant influence of governors in the national policymaking process in Latin America can potentially generate uncoordinated and contradictory policies.

The 1990s witnessed a significant increase in investments in the oil and gas sector in Latin America. Recently, however, the region has experienced a new wave of resource nationalism, with increases in the government's take and state control. This recent trend is largely the outcome of the rise in the international oil price.