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Publications

by members of

University of Washington → Michael G. Foster School of Business → Department of Finance and Business Economics

These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service. Thus this compiles the works all those currently affiliated with this institution, not those affilated at the time of publication. List of registered members. Register yourself. Citation analysis. Find also a compilation of publications from alumni here.

This page is updated in the first days of each month.

| Working papers | Journal articles | Chapters |

Working papers

2022

  1. Karpoff, Jonathan M. & Wittry, Michael D., 2022, "Corporate Takeover Defenses," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2022-09, Sep, DOI: 10.2139/ssrn.4211798.
  2. Jason Roderick Donaldson & Lukas Kremens & Giorgia Piacentino, 2022, "Sovereign Bond Restructuring: Commitment vs. Flexibility," NBER Working Papers, National Bureau of Economic Research, Inc, number 29872, Mar.
  3. Gourier, Elise & Phalippou, Ludovic & Westerfield, Mark, 2022, "Capital Commitment," CEPR Discussion Papers, Centre for Economic Policy Research, number 16910, Jan.

2019

  1. Johnson, William C. & Karpoff, Jonathan M. & Wittry, Michael D., 2019, "The Consequences to Directors of Deploying Poison Pills," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2019-23, Aug.

2017

  1. Martin, Ian & Kremens, Lukas, 2017, "The Quanto Theory of Exchange Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 11970, Apr.

2013

  1. Andrew Ang & Dimitris Papanikolaou & Mark Westerfield, 2013, "Portfolio Choice with Illiquid Assets," NBER Working Papers, National Bureau of Economic Research, Inc, number 19436, Sep.

2012

  1. Raymond Fisman & Florian Schulz & Vikrant Vig, 2012, "Private Returns to Public Office," Working Papers, eSocialSciences, number id:4979, May.

2009

  1. Leonid Kogan & Stephen Ross & Jiang Wang & Mark M. Westerfield, 2009, "Market Selection," NBER Working Papers, National Bureau of Economic Research, Inc, number 15189, Jul.

2006

  1. Tobias Adrian & Mark M. Westerfield, 2006, "Disagreement and learning in a dynamic contracting model," Staff Reports, Federal Reserve Bank of New York, number 269, Dec.

2004

  1. Leonid Kogan & Stephan Ross & Jiang Wang & Mark Westerfield, 2004, "Price Impact and Survival of Irrational Traders," FAME Research Paper Series, International Center for Financial Asset Management and Engineering, number rp116, Oct.

1997

  1. Karpoff, Jonathan M. & Lee, Scott D. & Vendrzyk, Valaria P., 1997, "Defense Procurement Fraud, Penalties, and Contractor Influence," Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State, number 141.

Undated

  1. Anup Agrawal & Jeffrey J. Jaffe & Jonathan M. Karpoff, undated, "Management Turnover and Corporate Governance Changes Following the Revelation of Fraud," Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research, number 11-98.

Journal articles

2024

  1. Hae Mi Choi & Jonathan M. Karpoff & Xiaoxia Lou & Gerald S. Martin, 2024, "Enforcement Waves and Spillovers," Management Science, INFORMS, volume 70, issue 2, pages 834-859, February, DOI: 10.1287/mnsc.2023.4711.
  2. Felix Zhiyu Feng & Curtis R. Taylor & Mark M. Westerfield & Feifan Zhang, 2024, "Setbacks, Shutdowns, and Overruns," Econometrica, Econometric Society, volume 92, issue 3, pages 815-847, May, DOI: 10.3982/ECTA21548.

2023

  1. Karpoff, Jonathan M., 2023, "Unlikely sabotage: Comment on Bloomfield, Marvão, and Spagnolo," Journal of Accounting and Economics, Elsevier, volume 76, issue 2, DOI: 10.1016/j.jacceco.2023.101606.

2022

  1. Karpoff, Jonathan M. & Schonlau, Robert & Wehrly, Eric, 2022, "Which antitakeover provisions deter takeovers?," Journal of Corporate Finance, Elsevier, volume 75, issue C, DOI: 10.1016/j.jcorpfin.2022.102218.
  2. William C Johnson & Jonathan M Karpoff & Sangho Yi, 2022, "The Life Cycle Effects of Corporate Takeover Defenses," The Review of Financial Studies, Society for Financial Studies, volume 35, issue 6, pages 2879-2927.
  3. Jonathan M. Karpoff & Robert Litan & Catherine Schrand & Roman L. Weil, 2022, "What ESG-Related Disclosures Should the SEC Mandate?," Financial Analysts Journal, Taylor & Francis Journals, volume 78, issue 2, pages 9-18, April, DOI: 10.1080/0015198X.2022.2044718.
  4. Jonathan M. Karpoff, 2022, "The Tragedy of “The Tragedy of the Commons”: Hardin versus the Property Rights Theorists," Journal of Law and Economics, University of Chicago Press, volume 65, issue S1, pages 65-84, DOI: 10.1086/718857.
  5. Arthur Korteweg & Mark M. Westerfield, 2022, "Asset Allocation with Private Equity," Foundations and Trends(R) in Finance, now publishers, volume 13, issue 2, pages 95-204, July, DOI: 10.1561/0500000062.

2021

  1. Jonathan M. Karpoff, 2021, "On a stakeholder model of corporate governance," Financial Management, Financial Management Association International, volume 50, issue 2, pages 321-343, June, DOI: 10.1111/fima.12344.
  2. Karpoff, Jonathan M., 2021, "The future of financial fraud," Journal of Corporate Finance, Elsevier, volume 66, issue C, DOI: 10.1016/j.jcorpfin.2020.101694.
  3. Jonathan M Karpoff & Robert Schonlau & Katsushi Suzuki, 2021, "Shareholder Perks and Firm Value
    [Matching on the Estimated Propensity Score]    ," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 12, pages 5676-5722.
  4. Feng, Felix Zhiyu & Westerfield, Mark M., 2021, "Dynamic resource allocation with hidden volatility," Journal of Financial Economics, Elsevier, volume 140, issue 2, pages 560-581, DOI: 10.1016/j.jfineco.2020.12.006.

2020

  1. Quentin Dupont & Jonathan M. Karpoff, 2020, "The Trust Triangle: Laws, Reputation, and Culture in Empirical Finance Research," Journal of Business Ethics, Springer, volume 163, issue 2, pages 217-238, May, DOI: 10.1007/s10551-019-04229-1.
  2. Cao, Xiaping & Leng, Tiecheng & Goh, Jeremy & Malatesta, Paul, 2020, "The innovation effect of dual-class shares: New evidence from US firms," Economic Modelling, Elsevier, volume 91, issue C, pages 347-357, DOI: 10.1016/j.econmod.2020.06.017.

2019

  1. Lukas Kremens & Ian Martin, 2019, "The Quanto Theory of Exchange Rates," American Economic Review, American Economic Association, volume 109, issue 3, pages 810-843, March.

2018

  1. Jonathan M. Karpoff & Michael D. Wittry, 2018, "Institutional and Legal Context in Natural Experiments: The Case of State Antitakeover Laws," Journal of Finance, American Finance Association, volume 73, issue 2, pages 657-714, April, DOI: 10.1111/jofi.12600.
  2. Dan Amiram & Zahn Bozanic & James D. Cox & Quentin Dupont & Jonathan M. Karpoff & Richard Sloan, 2018, "Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature," Review of Accounting Studies, Springer, volume 23, issue 2, pages 732-783, June, DOI: 10.1007/s11142-017-9435-x.

2017

  1. Denes, Matthew R. & Karpoff, Jonathan M. & McWilliams, Victoria B., 2017, "Thirty years of shareholder activism: A survey of empirical research," Journal of Corporate Finance, Elsevier, volume 44, issue C, pages 405-424, DOI: 10.1016/j.jcorpfin.2016.03.005.
  2. Jonathan M. Karpoff & Robert J. Schonlau & Eric W. Wehrly, 2017, "Do Takeover Defense Indices Measure Takeover Deterrence?," The Review of Financial Studies, Society for Financial Studies, volume 30, issue 7, pages 2359-2412.
  3. Kogan, Leonid & Ross, Stephen A. & Wang, Jiang & Westerfield, Mark M., 2017, "Market selection," Journal of Economic Theory, Elsevier, volume 168, issue C, pages 209-236, DOI: 10.1016/j.jet.2016.12.002.

2016

  1. Vivian W. Fang & Allen H. Huang & Jonathan M. Karpoff, 2016, "Short Selling and Earnings Management: A Controlled Experiment," Journal of Finance, American Finance Association, volume 71, issue 3, pages 1251-1294, June, DOI: 10.1111/jofi.12369.
  2. Jennifer Conrad & Jonathan Karpoff & Craig Lewis & Jay R. Ritter, 2016, "Statement of the Financial Economists Roundtable: Crowdfunding," Financial Analysts Journal, Taylor & Francis Journals, volume 72, issue 4, pages 14-16, July, DOI: 10.2469/faj.v72.n4.6.
  3. Florian Schulz, 2016, "On the Timing and Pricing of Dividends: Comment," American Economic Review, American Economic Association, volume 106, issue 10, pages 3185-3223, October.
  4. Tom Y. Chang & David H. Solomon & Mark M. Westerfield, 2016, "Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect," Journal of Finance, American Finance Association, volume 71, issue 1, pages 267-302, February.
  5. Piskorski, Tomasz & Westerfield, Mark M., 2016, "Optimal dynamic contracts with moral hazard and costly monitoring," Journal of Economic Theory, Elsevier, volume 166, issue C, pages 242-281, DOI: 10.1016/j.jet.2016.08.003.

2015

  1. Johnson, William C. & Karpoff, Jonathan M. & Yi, Sangho, 2015, "The bonding hypothesis of takeover defenses: Evidence from IPO firms," Journal of Financial Economics, Elsevier, volume 117, issue 2, pages 307-332, DOI: 10.1016/j.jfineco.2015.03.008.
  2. Hochberg, Yael V. & Lindsey, Laura A. & Westerfield, Mark M., 2015, "Resource accumulation through economic ties: Evidence from venture capital," Journal of Financial Economics, Elsevier, volume 118, issue 2, pages 245-267, DOI: 10.1016/j.jfineco.2015.06.008.

2014

  1. Raymond Fisman & Florian Schulz & Vikrant Vig, 2014, "The Private Returns to Public Office," Journal of Political Economy, University of Chicago Press, volume 122, issue 4, pages 806-862, DOI: 10.1086/676334.
  2. Andrew Ang & Dimitris Papanikolaou & Mark M. Westerfield, 2014, "Portfolio Choice with Illiquid Assets," Management Science, INFORMS, volume 60, issue 11, pages 2737-2761, November, DOI: 10.1287/mnsc.2014.1986.

2013

  1. Karpoff, Jonathan M. & Lee, Gemma & Masulis, Ronald W., 2013, "Contracting under asymmetric information: Evidence from lockup agreements in seasoned equity offerings," Journal of Financial Economics, Elsevier, volume 110, issue 3, pages 607-626, DOI: 10.1016/j.jfineco.2013.08.015.
  2. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2013, "Corporate ownership structure and the choice between bank debt and public debt," Journal of Financial Economics, Elsevier, volume 109, issue 2, pages 517-534, DOI: 10.1016/j.jfineco.2013.03.006.

2012

  1. Hazarika, Sonali & Karpoff, Jonathan M. & Nahata, Rajarishi, 2012, "Internal corporate governance, CEO turnover, and earnings management," Journal of Financial Economics, Elsevier, volume 104, issue 1, pages 44-69, DOI: 10.1016/j.jfineco.2011.10.011.
  2. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2012, "Corporate ownership structure and bank loan syndicate structure," Journal of Financial Economics, Elsevier, volume 104, issue 1, pages 1-22, DOI: 10.1016/j.jfineco.2011.10.006.
  3. Firth, Michael & Malatesta, Paul H. & Xin, Qingquan & Xu, Liping, 2012, "Corporate investment, government control, and financing channels: Evidence from China's Listed Companies," Journal of Corporate Finance, Elsevier, volume 18, issue 3, pages 433-450, DOI: 10.1016/j.jcorpfin.2012.01.004.

2011

  1. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2011, "Ownership structure and the cost of corporate borrowing," Journal of Financial Economics, Elsevier, volume 100, issue 1, pages 1-23, April.

2010

  1. Jonathan M. Karpoff & Xiaoxia Lou, 2010, "Short Sellers and Financial Misconduct," Journal of Finance, American Finance Association, volume 65, issue 5, pages 1879-1913, October, DOI: 10.1111/j.1540-6261.2010.01597.x.
  2. Dewenter, Kathryn L. & Han, Xi & Malatesta, Paul H., 2010, "Firm values and sovereign wealth fund investments," Journal of Financial Economics, Elsevier, volume 98, issue 2, pages 256-278, November.

2009

  1. Stavros Panageas & Mark M. Westerfield, 2009, "High‐Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice," Journal of Finance, American Finance Association, volume 64, issue 1, pages 1-36, February, DOI: 10.1111/j.1540-6261.2008.01427.x.
  2. Tobias Adrian & Mark M. Westerfield, 2009, "Disagreement and Learning in a Dynamic Contracting Model," The Review of Financial Studies, Society for Financial Studies, volume 22, issue 10, pages 3873-3906, October.

2008

  1. Karpoff, Jonathan M. & Lee, D. Scott & Martin, Gerald S., 2008, "The Cost to Firms of Cooking the Books," Journal of Financial and Quantitative Analysis, Cambridge University Press, volume 43, issue 3, pages 581-611, September.
  2. Karpoff, Jonathan M. & Scott Lee, D. & Martin, Gerald S., 2008, "The consequences to managers for financial misrepresentation," Journal of Financial Economics, Elsevier, volume 88, issue 2, pages 193-215, May.

2007

  1. Boone, Audra L. & Casares Field, Laura & Karpoff, Jonathan M. & Raheja, Charu G., 2007, "The determinants of corporate board size and composition: An empirical analysis," Journal of Financial Economics, Elsevier, volume 85, issue 1, pages 66-101, July.

2006

  1. Danielson, Morris G. & Karpoff, Jonathan M., 2006, "Do pills poison operating performance?," Journal of Corporate Finance, Elsevier, volume 12, issue 3, pages 536-559, June.
  2. Leonid Kogan & Stephen A. Ross & Jiang Wang & Mark M. Westerfield, 2006, "The Price Impact and Survival of Irrational Traders," Journal of Finance, American Finance Association, volume 61, issue 1, pages 195-229, February, DOI: 10.1111/j.1540-6261.2006.00834.x.

2005

  1. Karpoff, Jonathan M & Lott, John R, Jr & Wehrly, Eric W, 2005, "The Reputational Penalties for Environmental Violations: Empirical Evidence," Journal of Law and Economics, University of Chicago Press, volume 48, issue 2, pages 653-675, October, DOI: 10.1086/430806.

2004

  1. Barron, Orie E. & Karpoff, Jonathan M., 2004, "Information precision, transaction costs, and trading volume," Journal of Banking & Finance, Elsevier, volume 28, issue 6, pages 1207-1223, June.
  2. Huson, Mark R. & Malatesta, Paul H. & Parrino, Robert, 2004, "Managerial succession and firm performance," Journal of Financial Economics, Elsevier, volume 74, issue 2, pages 237-275, November.
  3. DuCharme, Larry L. & Malatesta, Paul H. & Sefcik, Stephan E., 2004, "Earnings management, stock issues, and shareholder lawsuits," Journal of Financial Economics, Elsevier, volume 71, issue 1, pages 27-49, January.

2002

  1. Laura Casares Field & Jonathan M. Karpoff, 2002, "Takeover Defenses of IPO Firms," Journal of Finance, American Finance Association, volume 57, issue 5, pages 1857-1889, October, DOI: 10.1111/0022-1082.00482.

2001

  1. Jonathan M. Karpoff, 2001, "Public versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizational Structure," Journal of Political Economy, University of Chicago Press, volume 109, issue 1, pages 38-78, February, DOI: 10.1086/318602.
  2. Paul H. Malatesta & Kathryn L. DeWenter, 2001, "State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity," American Economic Review, American Economic Association, volume 91, issue 1, pages 320-334, March.

1999

  1. Agrawal, Anup & Jaffe, Jeffrey F & Karpoff, Jonathan M, 1999, "Management Turnover and Governance Changes following the Revelation of Fraud," Journal of Law and Economics, University of Chicago Press, volume 42, issue 1, pages 309-342, April, DOI: 10.1086/467427.
  2. Karpoff, Jonathan M & Lott, John R, Jr, 1999, "On the Determinants and Importance of Punitive Damage Awards," Journal of Law and Economics, University of Chicago Press, volume 42, issue 1, pages 527-573, April, DOI: 10.1086/467434.
  3. Jonathan M. Karpoff & D. Scott Lee & Valaria P. Vendrzyk, 1999, "Defense Procurement Fraud, Penalties, and Contractor Influence," Journal of Political Economy, University of Chicago Press, volume 107, issue 4, pages 809-842, August, DOI: 10.1086/250080.

1998

  1. Danielson, Morris G. & Karpoff, Jonathan M., 1998, "On the uses of corporate governance provisions," Journal of Corporate Finance, Elsevier, volume 4, issue 4, pages 347-371, December.

1997

  1. Dewenter, Kathryn L & Malatesta, Paul H, 1997, "Public Offerings of State-Owned and Privately-Owned Enterprises: An International Comparison," Journal of Finance, American Finance Association, volume 52, issue 4, pages 1659-1679, September.

1996

  1. Karpoff, Jonathan M. & Malatesta, Paul H. & Walkling, Ralph A., 1996, "Corporate governance and shareholder initiatives: Empirical evidence," Journal of Financial Economics, Elsevier, volume 42, issue 3, pages 365-395, November.

1995

  1. Karpoff, Jonathan M. & Malatesta, Paul H., 1995, "State takeover legislation and share values: The wealth effects of Pennsylvania's Act 36," Journal of Corporate Finance, Elsevier, volume 1, issue 3-4, pages 367-382, April.

1994

  1. Karpoff, Jonathan M. & Rankine, Graeme, 1994, "In search of a signaling effect: The wealth effects of corporate name changes," Journal of Banking & Finance, Elsevier, volume 18, issue 6, pages 1027-1045, December.

1993

  1. Karpoff, Jonathan M & Lott, John R, Jr, 1993, "The Reputational Penalty Firms Bear from Committing Criminal Fraud," Journal of Law and Economics, University of Chicago Press, volume 36, issue 2, pages 757-802, October, DOI: 10.1086/467297.
  2. Malatesta, Paul H. & Thompson, Rex, 1993, "Government Regulation and Structural Change in the Corporate Acquisitions Market: The Impact of the Williams Act," Journal of Financial and Quantitative Analysis, Cambridge University Press, volume 28, issue 3, pages 363-379, September.

1992

  1. Jonathan M. Karpoff & Edward M. Rice, 1992, "Structure And Performance Of Alaska Native Corporations," Contemporary Economic Policy, Western Economic Association International, volume 10, issue 3, pages 71-84, July, DOI: 10.1111/j.1465-7287.1992.tb00237.x.

1991

  1. Jonathan M. Karpoff & Daniel Lee, 1991, "Insider Trading Before New Issue Announcements," Financial Management, Financial Management Association, volume 20, issue 1, Spring.

1990

  1. Karpoff, Jonathan M. & Walkling, Ralph A., 1990, "Dividend capture in NASDAQ stocks," Journal of Financial Economics, Elsevier, volume 28, issue 1-2, pages 39-65.

1989

  1. Karpoff, Jonathan M. & Rice, Edward M., 1989, "Organizational form, share transferability, and firm performance : Evidence from the ANCSA corporations," Journal of Financial Economics, Elsevier, volume 24, issue 1, pages 69-105, September.
  2. Karpoff, Jonathan M. & Malatesta, Paul H., 1989, "The wealth effects of second-generation state takeover legislation," Journal of Financial Economics, Elsevier, volume 25, issue 2, pages 291-322, December.
  3. Jonathan M. Karpoff, 1989, "Characteristics of Limited Entry Fisheries and the Option Component of Entry Licenses," Land Economics, University of Wisconsin Press, volume 65, issue 4, pages 386-393.

1988

  1. Jonathan M. Karpoff, 1988, "Costly Short Sales And The Correlation Of Returns With Volume," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, volume 11, issue 3, pages 173-188, September.
  2. Karpoff, Jonathan M. & Walkling, Ralph A., 1988, "Short-term trading around ex-dividend days : Additional evidence," Journal of Financial Economics, Elsevier, volume 21, issue 2, pages 291-298, September.
  3. Malatesta, Paul H. & Walkling, Ralph A., 1988, "Poison pill securities : Stockholder wealth, profitability, and ownership structure," Journal of Financial Economics, Elsevier, volume 20, issue 1-2, pages 347-376, January.

1987

  1. Karpoff, Jonathan M., 1987, "The Relation between Price Changes and Trading Volume: A Survey," Journal of Financial and Quantitative Analysis, Cambridge University Press, volume 22, issue 1, pages 109-126, March.
  2. Karpoff, Jonathan M, 1987, "Suboptimal Controls in Common Resource Management: The Case of the Fishery," Journal of Political Economy, University of Chicago Press, volume 95, issue 1, pages 179-194, February, DOI: 10.1086/261447.

1986

  1. Karpoff, Jonathan M, 1986, "A Theory of Trading Volume," Journal of Finance, American Finance Association, volume 41, issue 5, pages 1069-1087, December.
  2. Malatesta, Paul H., 1986, "Measuring Abnormal Performance: The Event Parameter Approach Using Joint Generalized Least Squares," Journal of Financial and Quantitative Analysis, Cambridge University Press, volume 21, issue 1, pages 27-38, March.

1985

  1. Karpoff, Jonathan M., 1985, "Time, Capital Intensity, And The Cost Of Fishing Effort," Western Journal of Agricultural Economics, Western Agricultural Economics Association, volume 10, issue 2, pages 1-5, December, DOI: 10.22004/ag.econ.32302.
  2. Karpoff, Jonathan M, 1985, "Non-pecuniary Benefits in Commercial Fishing: Empirical Findings from the Alaska Salmon Fisheries," Economic Inquiry, Western Economic Association International, volume 23, issue 1, pages 159-174, January.
  3. Malatesta, Paul H. & Thompson, Rex, 1985, "Partially anticipated events: A model of stock price reactions with an application to corporate acquisitions," Journal of Financial Economics, Elsevier, volume 14, issue 2, pages 237-250, June.

1983

  1. Jon Karpoff, 1983, "Low-Interest Loans and the Markets for Limited Entry Permits in the Alaska Salmon Fisheries," Land Economics, University of Wisconsin Press, volume 59, issue 4, pages 69-80.
  2. Malatesta, Paul H., 1983, "The wealth effect of merger activity and the objective functions of merging firms," Journal of Financial Economics, Elsevier, volume 11, issue 1-4, pages 155-181, April.

Chapters

2024

  1. Jonathan M. Karpoff & Michael D. Wittry, 2024, "Corporate takeover defenses," Chapters, Edward Elgar Publishing, chapter 11, in: David J. Denis, "Handbook of Corporate Finance".

2014

  1. Jonathan M. Karpoff & D. Scott Lee & Gerald S. Martin, 2014, "The Consequences to Managers for Financial Misrepresentation," Springer Books, Springer, chapter 0, in: Roberto Pietra & Stuart McLeay & Joshua Ronen, "Accounting and Regulation", DOI: 10.1007/978-1-4614-8097-6_14.

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