Can anyone help me understand this sentence? We control for time invariant unobservable firm characteristics by including firm fixed effects, Firm.CONTEXT: To examine the effect of M&A on a firm’s innovation output, we estimate the following empirical model in our baseline OLS regressions: Ln(Innovationi,t+n)= α+β×Ln(MA/Assets)i,t+δZi,t+Yeart+Firmi+ui,t where i indexes firms, t indexes time, and n is equal to zero, one, and two. Ln(Innovation) is the dependent variable and can be one of the following two measures: the natural logarithm of the number of patents filed by the firm, Ln(Pat), and the natural logarithm of the number of non-self citations per patent, Ln(Cites/Pat). Z is a vector of firm and industry characteristics that may affect a firm’s innovation productivity discussed in Section 2.3. Year captures fiscal year fixed effects. We control for time invariant unobservable firm characteristics by including firm fixed effects, Firm. Heteroskedasticity-robust standard errors are clustered at the firm level as suggested by Petersen (2009).4

Wealth of nations Do you know Adam Smith? His ideas have made great Influence on alle the political leaders and the way we do business now. In 1776 this men has published a book called "Wealth of Nations". In this book Smith came up with three major modern ideas: division of labor, self interest and free trade. Smith used an example of pin making to emplain the first idea. At that time, the process of pin making involved just only one men oder women and they finished the work alone from start to end. Smith suggested instead that the work be divided between 5 people so that everyone completed just a small part of that. He calculated that the productivity would be improved about 240 times. This idea ist really the precursor to the modern "mass production" and assembly lines, that are considerably used nowadays. The second idea is the persuit of self interest, Smith believed it to be a powerful economic force. To illustate it Smith writes of a butcher, a baker and a brewer. The butcher sells meat to the baker and brewer, so he makes profit and spends in turn some of these money in the shop of baker and brewer. It's as if, althrough working for themselves, they are benefiting the society around them. Smith believed that due in part to "self interest", prices would regulate themselves. To see it in this way, if the butcher overcharged the meat, the baker and brewer wouldn't come back again, so it's his self interest that make him charge a fair price for his product. Therefore, Smith called the price an "invisible hand" that controlled the markt. This led to the third idea, that of free trade. Smith believed that a free markt, let alone from the government, would benefit everyone. In other words, it was when the government started to make rules to controll trade, that trade suffered. There were also critics of free markt. People argue that if people du buiness in a world with no rules, their self interest encourages them act unwisely and dishonestly, that may lead to a markt crush, such as that of 2008. One thing through, is clear ,since the publiction of Smith's Wealth of Nations, it has proved to be an accurate prediction of the way we du business in the modern world.

the intern life I have begun with my practice work for about 2 weeks and now it is already the third week. Gradually i have more idea about how things are going here, although all that I already know is just a very little part of this job,but everybody need time right? I am now waitting for supper because there is no work for me just now. And I find it interessting because the company has strict fire wall so many websites are interceptted, but to my surprise I kann log in by skype. That's really good, so I can always write something when I take a rest.

Kann jemand mir diesen Satz korrigieren? Wenn der englischen Version dieser Vereinbarung eine in eine andere Sprache übersetzte Version beigefügt ist, dient solche eine…… Ist dieser erste Teil dieses Satzes richtig? Kann man mir den korrigieren?

Satzverstehen Text: In der 10-Uhr-Pause bekommen Sie an der Rezeption ein Frühstückspaket: Belegte Brötchen und Getränke für 2 Euro. Bedeutet es dass man dort Essen kaufen kann oder die Wörter"für 2 Euro" zeigt nur den Wert des Angebots und man braucht kein Geld ausgeben?

was ist Philosophikum. Text: Treffpunkt am Infostand im Philosophikum.

Was bedeutet "Licht am Fahrrad, Licht am Fahrrad Dynamo"?

Sätze verstehen 1, in Punkto Spielsachen, ich kann das Wort Punkto im Wörterbuch nicht finden, ist es formell oder umgangsprachlich? 2, Es wäre auch falsch, dem Kind nicht sein Wunsch-Spielzeug zu geben, denn dann wird der Wunsch zum Drama. was meint der Autor mit dem Ausdruck "zum Drama werden" in diesem Satz? Was möchte er damit sagen?