This paper investigates information disclosures made by the chairpersons of boards of directors in 120 failing UK companies. There are four main findings. Firstly, chairpersons excessively blame poor performance on exogenous factors rather than managerial decisions. Secondly, almost half of chairpersons do not candidly disclose problems that are apparent when they write their statements. Thirdl...

Many of the comments in this paper apply to any scientific domain and are not unique to computer vision, but some other research domains have well-defined methods for evaluating research (e.g., in medical research, does it help the patient?). I make several assumptions about the nature of computer vision research: it has a lot of small pieces; by itself each piece is meaningless (by itself comp...

q0 q1 q2 q3 q4 q5 q6 q7 q8 q9 q10 q11 q12 Figure 1: Sample Symbolic Labeled Transition System Data structures. Channels with more than one message eld. Run statements with more than one argument. The semantics of the run statement, furthermore, is somewhat diierent from that presented in Page 95 of 1]. In the semantics given here, the run statement cannot be used in composite arithmetic express...

This article defines two for-loop statements for SCMPDS. One is called for-up, which corresponds to ”for (i=x; i<0; i+=n) S” in C language. Another is called for-down, which corresponds to ”for (i=x; i>0; i-=n) S”. Here, we do not present their unconditional halting (called parahalting) property, because we have not found that there exists a useful for-loop statement with unconditional halting,...

The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe. JEL codes:...