Nottingham Trent University

About: Nottingham Trent University is a education organization based out in Nottingham, United Kingdom. It is known for research contribution in the topics: Population & Addiction. The organization has 4702 authors who have published 12862 publications receiving 307430 citations. The organization is also known as: NTU & Trent Polytechnic.

Corporate Boards, Ownership Structure and Firm Performance in an Environment of Severe Political and Economic Crisis

Abstract: This study examines the relationship between board and ownership structures and firm performance in an environment of severe political and economic crisis using panel data from the Zimbabwe Stock Exchange for the period 2000–2005. The period is split into the pre-presidential election period (2000–2002) (a relatively stable political and economic period) and the post-presidential election period (2003–2005) (a hostile political and economic period) to capture the differences in the political and economic landscape. It is found that board size, ownership concentration and executive directors’ share ownership increased, while the proportion of non-executive directors fell in the post-presidential election period. Employing a system generalized method of moments approach, the study finds that performance is positively related to board size and ownership concentration in the post- (but not in the pre-) presidential election period. The results also show that performance is negatively related to executive directors’ share ownership in the post-presidential election period, but positively related in the pre-presidential election period. The relationship between performance and the proportion of non-executive directors is negative and significant in both periods. These findings support the notion that the effects of board and ownership structures depend on the nature of the firm's environment, and therefore have important implications for policy-makers.

Multilocus sequence typing of Cronobacter sakazakii and Cronobacter malonaticus reveals stable clonal structures with clinical significance which do not correlate with biotypes

Abstract: Background The Cronobacter genus (Enterobacter sakazakii) has come to prominence due to its association with infant infections, and the ingestion of contaminated reconstituted infant formula. C. sakazakii and C. malonaticus are closely related, and are defined according their biotype. Due to the ubiquitous nature of the organism, and the high severity of infection for the immunocompromised, a multilocus sequence typing (MLST) scheme has been developed for the fast and reliable identification and discrimination of C. sakazakii and C. malonaticus strains. It was applied to 60 strains of C. sakazakii and 16 strains of C. malonaticus, including the index strains used to define the biotypes. The strains were from clinical and non-clinical sources between 1951 and 2008 in USA, Canada, Europe, New Zealand and the Far East.