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Risk Shifting or Risk Management: How do Firms Hedge in Financial Distress?

In this paper we address the question of how firms hedge in financial distress.Using hand-collected data from oil and gas producers, we show that the uniquecharacteristic of derivative portfolios in distressed firms is a strategy thatinvolves sold put options. This is puzzling, considering that selling put optionsamounts to selling insurance, which creates a new liability that distressed firmsseem

Towards visual strategic communications : an innovative interdisciplinary perspective on visual dimensions within the strategic communications field

PurposeThe purpose of this paper is to explore how a visual perspective can be applied to strategic communication research. First, the term visual communication will be examined from various perspectives with an attempt to develop a foundation for this new academic territory. Second, this study summarises how visual approaches are applied in strategic communication research during 2005-2015, this

Butoh and Embodied Transformation

The Japanese avant-garde dance form butoh, founded by Hijikata Tatsumi in the late 1950s, is known for its marked physicality. The choreographic methodology of butoh, however, is not focused primarily on instructing the dancers how to move their bodies. Instead, the dancers work with verbal and mental imagery to transform into butoh-tai, the “butoh body,” a special form of embodiment from which th

Protein-Protein Interactions in Human Aquaporin Regulation

Water is an essential compoment of every living orgamism and forms a major part of the human body. Regulated water transport is crucial for proper cell functioning and body homeostasis. Cell, the smallest structural and functional unit of life, uses specialized water conducting pores made up of proteins to transport water across the plasma membrane by facilitated diffusion.The discovery of one of