The 1991 Credit Lyonnais court ruling expanded the fiduciary duties of managers towards debtholders in near-insolvent Delaware firms. Differences-in-differences tests reveal that innovation efficiency increased among all Delaware firms following the ruling. Further, Delaware firms close to (far from) insolvency reduced (expanded) their R&D expenditures and innovation output. Both sets of firms ...

The representation of things and properties is a fundamental issue in conceptual modelling. Important theoretical issues surrounding the representation of things and properties remain unresolved. For example, proponents of object-role modelling argue that there should be no distinction between things and properties, while proponents of entity-relationship modelling argue that the distinction is...

Frontiers of Business Cycle Research (hereafter referred to as Frontiers) is a collection of papers describing most of the important aspects of the real business cycle (RBC) research program pioneered by Kydland and Prescott (1982). A useful reference point for Frontiers is Lucas (1980), which describes developments in business cycle theory to the time when the RBC program was about to make its...

A wide variety of lexical resources have been created to allow automatic semantic processing of novel text. However, each resource has its own practical and theoretical idiosyncracies, making it difficult to combine the information from different resources. We discuss the form that these differences can take, and describe how we overcame some of them in creating a mapping between two important ...

Recent research suggests that infants' understanding of the physical world is more complex and adult-like than previously believed. One of the most impressive discoveries has been infants' ability to reason about medium-sized, material objects. They are able to individuate objects in a scene, and to enumerate and reason about them. This article reports a series of experiments investigating 8-mo...

Despite offering themselves as universes vastly alternative to our own, the majority of 3D Massively Multiplayer Online Role Playing Games work to a strict profi le of reward systems which serve to group players and places around sets of action types. In contradiction to the promised inexhaustibility of a “VR,” today’s MMORPGs are designed and held together by amplifi ed constructions of passag...