According to the financial accelerator model, a small monetary or other shock is amplified through credit market restrictions on small firms, and swings in balance sheets over the business cycle cause swings in small firms’ spending. This paper incorporates these notions in an empirical model of firm behavior. We use unit transaction cost of debt and rationed credit as indicators of balance she...

<p style='text-indent:20px;'>In this paper, we investigate and demonstrate the capital asset pricing model (CAPM) based on distribution uncertainty (or ambiguity, defined as about unknown probability).</p><p style='text-indent:20px;'>We first achieve directly spectral risk measures (abbreviated SCAPM) in case of normal distributions; Then can characterize SCAPM under condition...

Intangible assets are a very economically significant asset class yet are largely excluded by accounting conventions from corporate balance sheets. Ownership (or control) of intangible assets can allow firms to differentiate their offerings to customers and establish some degree of competitive advantage. However, intangibles do not, apart from a few cases of licensing, generate value on their o...

While the effectiveness of one-on-one human tutoring has been well established, a great deal of controversy surrounds the issue of which features of tutorial dialogue separate effective uses of dialogue in tutoring from those that are less effective. In this paper we present a formal comparison of Socratic versus Didactic style tutoring that argues in favor of the Socratic tutoring style.

In some classification tasks, all patterns in a field, such as digits in a ZIP-code image, originate from the same, but unknown, source (writer/print style). The class-conditional feature distributions depend on the source of the patterns. Several sources may share the same distribution, or style. The style-conditional distributions are estimated from the training set. The optimal field-classif...

objective : the present study is investigating the attribution style in patients with the anxiety and depression comorbidity. method: subjects are 26 patients with major depression, 25 patients with generalized anxiety disorder, 17 patients with comorbidity of anxiety and depression, and 30 normal individuals. the aparatus used in the study for data collecting were beck depression inventory, be...

Background: Interferons with diffrent functions such as antiviral, antiproliferative and immunomodulatory actions are effctive <span style="font-varia...

We study the effect of the mandatory adoption of IFRS in Europe in 2005 on conditional conservatism. To capture conditional conservatism, we use three measures: the Basu (1997) measure, the Khan and Watts (2009) measure, and a measure controlling for potential shifts in unconditional conservatism and cost of capital after the adoption of IFRS. From a sample of 7,251 firm-year observations drawn...

Recently, the major U.S. music and movie companies have pursued a dramatic renovation in their approach to copyright enforcement. This shift, from the ‘code’ of law to the ‘code’ of software, looks to technologies themselves to regulate or make unavailable those uses of content traditionally handled through law. Critics worry about the ‘compliance’ rules built into such systems: design mandates...