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Stockholder Reactions to Announcements of Thrift Acquisitions: Cumulative Abnormal Wealth Changes (CAWC) (Quoted in Thousands) Panel A.
Cawcs' achievements were rewarded by an outstanding result in the 2008 Research Assessment Exercise, which confirmed its status as an international centre of excellence in Celtic studies.
Cawcs was founded by the University of Wales in 1985 and was established as a specialist research centre conducting team-based projects on the languages, literatures, culture and history of Wales and other Celtic countries.
The research grant will support a three-year research project taking place at CAWCS, in collaboration with the University of Oxford, King's College London, Bangor University, and the National Library of Wales, on the archaeological background of the emergence of the Celtic languages in Western Europe.
Professor Dafydd Johnston, director of CAWCS in Aberystwyth, said: "The funding will enable us to make a substantial contribution to the understanding of the cultural heritage of Wales and the other Celtic countries.
A spokesman for CAWCS explained that many still believe that Celts spread from Iron Age central Europe bringing Hallstatt and La Tene material culture and Celtic speech with them; meaning that earlier eras further west are non-Celtic by definition.
The spokesman said: "A previous project at CAWCS, Culture and Celtic speech, showed the inadequacy of this theory for explaining the evidence in the westernmost areas.
Professor Dafydd Johnston, director of CAWCS, said: "There is fierce competition for Research Council funding and the centre's success in gaining a grant of this magnitude demonstrates its strong international reputation and outstanding track-record in running collaborative research projects." Researchers believe the funding will enable CAWCS to make a "substantial contribution" to the understanding of Wales' cultural heritage, with saints, holy men and women said to have offered believers a direct link between heaven and earth.
Martin Crampin, CAWCS research fellow of the Stained Glass Project in Wales, said: "Stained glass windows are present in nearly every community across Wales - mainly in churches and chapels.
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- Cavy Council of New South Wales
- Cawdor Street Allotment Association