The world and its economy is going through countless and significant changes. Intangible assets are one of these changes due to the economy and the society have a higher demand for information than before. Nevertheless, tangible assets are still important assets within the economy since no economy will function without tangible assets. Intangible assets and tangible assets can contribute to tha...

Equity price is cyclical and often leads the business cycle. These observations have led to the hypothesis that shocks to equity market liquidity are an independent source of the business cycle. In this paper I construct a tractable model to evaluate this hypothesis. After calibrating the model to the US data, I find that a negative liquidity shock in the equity market can generate large reduct...

We investigate how the inability to continuously trade an asset affects portfolio choice. We extend the standard Merton model to include an illiquid asset that can only be traded at infrequent, stochastic intervals. Because consumption is financed through liquid wealth only, the presence of illiquidity leads to increased and state-dependent risk aversion. Illiquidity leads to under-investment i...

The AASB intends to formally approve all UIG Abstracts that are equivalent to IASB Interpretations on the same day in 2004. The UIG intends to finalise the contents of Proposed Pending Abstracts on a progressive basis and to make them available on the AASB web site, to assist entities to identify changes that may be needed in their financial reporting systems. When agreed by the AASB, Pending A...

This paper discusses the configuration management of reusable software, and proposes an architecture that incorporates configuration management with a software library. Introduction Software configuration management concerns monitoring and controlling changes to software. This paper discusses configuration management of reusable software assets, drawing on previous work on configuration managem...

A fund’s performance is usually compared to the performance of an index or other funds. If a fund trails the benchmark, the fund manager is often replaced. We argue that this may lead to excessive risk-taking if fund managers differ in ability and have the opportunity to take excessive risk. To match the benchmark, fund managers may increase the risk of their portfolio even if this decreases th...

Using the Chinese stock market data as sample, this paper investigates the impact of investor sentiment on the assets valuation. In order to classify stocks objectively, our sample stocks are sorted by double indicators (B/M and PE). In the portfolio, we find stocks with low B/M and high PE are sensitive to investor sentiment, which are considered to be costly to arbitrage. Investor sentiment h...

2 Pension assets exist to defease the benefit promises made by plan sponsors to participants and beneficiaries—in other words, the pension liability. It follows that pension investment policies should be set in a way that explicitly integrates the exposures of the pension liability. The traditional approach to pension investing has excluded the risks of the liability, which has resulted in port...

As wireless networking has become near ubiquitous, the ability to discover, identify, and locate mobile cyber assets over time is becoming increasingly important to information security auditors, penetration testers, and network administrators. We describe a new prototype called MeerCAT (Mobile Cyber Asset Tracks) for visualizing wireless assets, including their location, security attributes, a...

This paper presents methods for helping users understand reusable software assets. We present a model and architecture for visualizing reusable software assets. We described visualizations techniques based on design principles for helping the user understand and compare reusable components.