Using data on defaulted firms in the United States over the period 1982 to 1999, we show that creditors of defaulted firms recover significantly lower amounts in present-value terms when the industry of defaulted firms is in distress. We investigate whether this is purely an economic-downturn effect or also a fire-sales effect along the lines of Shleifer and Vishny (1992). We find the fire-sale...

We investigate the effects of bank distress on the productivity of borrowing firms by using data on listed companies in the Japanese manufacturing industry during the 1990s. We find some evidence suggesting that deterioration in the financial health of banks, such as a decline in the capital-asset ratio, decreased the productivity of their borrowers during the period of the severe financial cri...

Astronauts and robots must collaborate effectively to safely and efficiently explore harsh extraterrestrial environments. This paper describes a basic planning tool to distribute tasks among a hybrid human-astronaut team, then examines likely scenarios in which an astronaut either deviates from the plan (e.g., to opportunistically explore) or requires assistance from a rover (e.g., when in dist...

The Use of Medical Clowns as a Psychological Distress Buffer During Anogenital Examination of Sexually Abused Children Dafna Tener a , Nessia Lang-Franco a , Shoshi Ofir a & Rachel LevWiesel b a TENE Center for Sexually Abused Children, Department of Obstetrics and Gynecology, Poria-Padeh Medical Center, Tiberias, Israel b Creative Arts Therapy School, University of Haifa, Har HaCarmel, Israel ...

This paper presents an audio-based interaction technology that lets the user have full control over her home environment and at detecting distress situations for the elderly and frail population. We introduce the PATSH framework which performs real-time recognition of voice commands anywhere in the home and detail its architecture and the state-of-the-art processing technologies it employs. Thi...

In this article we set out the context and provide the theoretical resources for re-thinking youth suicide as a sociocultural, political, and relational issue. Drawing on recent high profile youth suicides as reference points, we aim to illuminate some of the complex relational processes and sociopolitical conditions that may make some lives more ‘unlivable’ than others. We adopt a social const...

What compels an organization to revisit its strategic intent? Management often will question an organization’s direction when faced with poor business results. In 1994, however, the Center for Quality Management reexamined its direction at a time when the organization was very successful and not in distress. This planning effort afforded CQM a unique opportunity: to reassess our strategic direc...

A couple-level analysis with a sample of 105 female reduced-hours physicians and their fulltime–employed husbands found individual and spouse crossover effects: Each spouse’s ratings of own schedule fit predict own job-role quality; wives’ ratings of partner/family schedule fit predict their marital-role quality, with a similar trend for husbands; husbands’ ratings of own schedule fit predict w...