W propose a measure of managerial ability, based on managers’ efficiency in generating revenues, which is available for a large sample of firms and outperforms existing ability measures. We find that our measure is strongly associated with manager fixed effects and that the stock price reactions to chief executive officer (CEO) turnovers are positive (negative) when we assess the outgoing CEO a...

We describe an approach to building models for data with random effects. The modeling includes both random location effects and random scale effects. The approach consists of a sequence of steps. In each step, model building tools based on certain statistics are used to study the structure of the data and identify or check an aspect of the model; the results of most of the steps are used explic...

introduction: it has been reported that cardiovascular effects are among the possible health effects of being exposed to extremely low frequency electromagnetic fields (elf emss). material and methods: this study has been conducted to evaluate the long term effects of exposure to magnetic and electric fields on electrocardiogram signal changes. nine power transmission posts having different vol...

Effects of the uniform transverse magnetic field on the transient free convective flows of a nanofluid with generalized thermal transport between two vertical parallel plates have been analyzed. The fluid temperature is described by a time-fractional differential equation with Caputo derivatives. Closed form of the temperature field is obtained by using the Laplace transform and fractional deri...

Functional safety standards (ISO 26262, IEC 61508) require a safety life cycle which demands additional design and engineering tasks to be managed. This paper addresses how the existing FMEAs have to be extended and refocused to address and overview signal paths throughout the system. The safety standards require to classify signals with a SIL (Safety Integrity Level) and the higher the SIL the...

Reaction times (rts) are an important source of information in experimental psychology. Classical methodological considerations pertaining to the statistical analysis of rt data are optimized for analyses of aggregated data, based on subject or item means (c.f., Forster & Dickinson, 1976). Mixedeffects modeling (see, e.g., Baayen, Davidson, & Bates, 2008) does not require prior aggregation and ...

Rank-Based methods for iid linear models have been developed over the past 30 years. However, little work has been done in the area of mixed models. In this paper, we discuss a transformation approach to modeling a particular mixed model: one with an arbitrary number of fixed effects and covariates but only one random effect. Discussion of the asymptotic theory is given and the results of a sim...

This paper considers the problem of estimating fixed effects, random effects and variance components for the multi-variate random effects model with complete and incomplete data. It also considers making inference about the fixed and random effects, a problem which requires careful consideration of the choice of degrees of freedom to use in confidence intervals. This paper uses the EM algorithm...

Several organizations have developed online crowdsourcing platforms that tap into the “wisdom” (creative ideas for new products and services) of a large “crowd’ of non-experts (consumers). The crowdsourcing model seems very attractive because consumers are intrinsically motivated to freely contribute their creative ideas, but little is known about the effectiveness of these approaches. Two year...