The paradigm that financial markets are efficient has provided the intellectual backbone for the deregulation of the banking sector since the 1980s, allowing universal banks to be fully involved in financial markets, and investment banks to become involved in traditional banking. There is now overwhelming evidence that financial markets are not efficient. Bubbles and crashes are an endemic feat...

Using a sample of Chinese state-owned enterprises spanning 1980 to 1994, we investigate the factors that determine the sources of finance for firm-level fixed investment, including retained earnings, bank finance, and government transfers. Direct government transfers were not significantly associated with profitability throughout the period. In contrast, bank finance was positively linked to bo...

Enterprises and especially banks are subject to a number of regulations, with multilevel nature which continuously change. They must not only to adapt their business processes to the regulations and their changes but also to evaluate the risks of violation of the new rules and to account for responsibilities. This work proposes a formal framework for modeling business interactions ruled by prot...

Association. All rights reserved. ISSN 0022-0557. J. Peter Ferderer is Associate Professor, Department of Economics, Macalester College, 1600 Grand Avenue, St. Paul, MN 55105. E-mail: [email protected]. The author thanks Mike Haupert, William Roberds, and Ellis Tallman for their useful comments and suggestions, and Susan Isaac for her excellent editorial assistance. All errors are the res...

This paper contributes a new approach for developing UML software designs from Natural Language (NL), making use of a meta-domain oriented ontology, well established software design principles and Natural Language Processing (NLP) tools. In the approach described here, banks of grammatical rules are used to assign event flows from essential use cases. A domain specific ontology is also construc...