Objective –This study intends to examine the relationship between investment efficiency and financial information excellence. The study is also examining the moderating impact of sustainability on the relation between excellence in financial information and investment productivity. Methodology –The cumulative measurements are 668 firm-years and are made up of 257 subsamples of underinvestment a...

Imagine an agent who is charged with seeking information from around the globe. It is the task of this agent to visit different sites, to search for information, and to report back to its 'superior' (which may or may not be human). In the course of this search, it will interact with others, human or otherwise. It will make decisions about the situations it finds itself in, based on, for example...

The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

T information technology (IT) governance literature predominantly explains firms’ IT governance choices, but not their strategic consequences. We develop the idea that a firm’s IT governance choices induce adeptness at strategically exploiting IT only when they are discriminatingly aligned with its departments’ knowledge outside their specialty. Discriminating means that governing the two under...

Modifying the proof of a theorem of Wilkie, it is shown that if a one dimnsional set S is definable in an O minimal expansion of the ordered field of the reals, and if it is regularly exponentially near to many integral points, then there is an unbounded set, which is R definable without parameters, and which is exponentially near to S.

In this article we will describe some of the main developments in interest-rate modelling since Black & Scholes’ (1973) and Merton’s (1973) original articles on the pricing of equity derivatives. In particular, we will focus on continuoustime, arbitrage-free models for the full term structure of interest rates. Other models which model a limited number of key interest rates or which operate in ...

t Wilkie's stochastic investment model and its variants have been increasingly applied by actuaries around the world to actuarial modeling and simulation. This paper performs time series outlier analysis on retail price inflation, which is the driving force of Wilkie's composite model. The data come from four developed countries: the United Kingdom, the United States, Canada, and Australia. The...

This paper reassesses the burden of the current U.S. international tax regime and reconsiders well-known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policy requires that international considerations be placed front and center in the debate on how to tax corporate income. A simple framework for assessing current rules suggests a U.S. tax burden on foreign...

The research at University College London School of Medicine (UCLSM) is supported by the Wellcome Trust, Action Research, the Special Trustees of University College Hospital, and the Muscular Dystrophy Group of Great Britain. The studies have been carried out with the assistance of Dr. P. S. Tofts, Mr. D. Delpy and Mr. A. Chu of the Department of Medical Physics (UCLSM), and Mr. N.Taylor of Kin...

System-initiated digressive proposals may be used to introduce new and unexpected information into automated telephone services. These digressions may be viewed as particularly pronounced forms of unsolicited interruptions as they contain information not directly related to the caller’s intended activity. In human–human conversation, interruptions are considered to be speech acts which intrinsi...