... which are seen as a form of market imperfection. The mainstream theory of the firm evolved under the paradigm of the agency theory and the transaction costs theory as a theory of economic organization rather ... amendment of the existing theory of financial intermediation. The structure of this paper is as follows. First, we introduce the foundations of the modern literature of financial intermediation theory. ... review the doctrines of the theory of financial intermediation. 2 These are specifications, relevant to the financial services industry, of the agency theory, and the theory of imperfect or asymmetric...
Ngày tải lên: 24/10/2012, 09:11
... efficiently, the reputational capital of an agent must equal the present value of the stream of future profits, or franchise value, of her business. The concept of reputational capital is meaningful ... Structural implications of CTF Circuit theory of finance (CTF) bears important implications in terms of financial market structure, microeconomic imbalances, and the role of saving for economic ... on the basis of verifiable and tested information. Information providers might be either profit or non-profit outfits. Providers of customized information might operate for a profit and sell...
Ngày tải lên: 24/10/2012, 09:33
Theory of stochastic local area channel modeling for wireless communications
... domain, X(f )issimplyacopyofthe spectrum ˜ X(f) shifted to a center frequency of f =+f c and a mirror copy of ˜ X(f)shifted to a center frequency of f = −f c . The operation of modulation can be defined ... coherence if the magnitude of the carrier wave does not change over a spatial displacement of the receiver. Once again, we express the condition of spatial coherence in terms of the static narrowband ... The theory is applicable to any type of wireless data transmission, regardless of bandwidth, carrier frequency, or environment of operation. The final chapters of the dissertation deal with applied...
Ngày tải lên: 20/11/2012, 11:36
Complexity Theory of Transforms in Signal Processing
... behavior of the number of multiplications is also quadratic. Convolution algebras are derived from algebras of polynomials. Given a polynomial P (u) of degree D, one can define an algebra of dimension ... Introduction Complexity theory of computation attempts to determine how “inherently” difficult are certain tasks. For example, how inherently complex is the task of computing an inner product of two vectors of length ... original proof); the reference I like best is Adrian Albert’s book [1]. The theorem asserts that the tensor product of fields is isomorphic to a direct sum of fields, and the proof of the theorem...
Ngày tải lên: 25/10/2013, 02:15
Theory of rapid granular flows Isaac Goldhirsch
... number of collisions per particle (a measure of time), given by τ ≡ t 0 T 1/2 (t ) dt . The use of this measure of time renders the equations of motion linear. The three eigenvalues of this ... of the linearised Boltzmann equation, at each order in the expansion. Since the solution of equations of the type of Eq. (12.22) is determined up to the addition of an arbitrary combination of ... sheared system is of a much higher granular temperature than that expected on the basis of steady-state solutions of the corresponding hydrodynamic equations. In this case the 208 Theory of rapid granular...
Ngày tải lên: 01/11/2013, 08:20
Tài liệu Theory of Inventive Problem Solving pdf
... into a theory of inventive problem solving which he named TRIZ. 3.0 TRIZ: The Theory of Inventive Problem Solving There are a number of laws in the theory of TRIZ. One of them is the Law of Increasing ... Xerox Corporation 7.0 TRIZ Software Because TRIZ is built on a database of hundreds of thousands of patents, principles, operators, contradictions, etc. use of software helps engineers with ... nonmoving object 3. Length of moving object 4. Length of nonmoving object 5. Area of moving object 6. Area of nonmoving object 7. Volume of moving object 8. Volume of nonmoving object 9. Speed...
Ngày tải lên: 10/12/2013, 03:15
Tài liệu Introduction to Communication Systems, The Theory of Probability ppt
... gr qrw h{lvw Wkh sk|vlfdo phfkdqlvpv gulylqj wkh sureohp duh vr frpsolfdwhg wkdw wkh gluhfw fdofxodwlrq ri wkh sureohp lv qrw ihdvleoh Wkhuh h{lvwv vrph edvlf lqghwhuplqdf| lq wkh sk|vlfdo...
Ngày tải lên: 12/12/2013, 04:15
Tài liệu The General Theory of Employment, Interest, and Money docx
... EFFICIENCY OF CAPITAL 12. THE STATE OF LONG-TERM EXPECTATION 13. THE GENERAL THEORY OF THE RATE OF INTEREST 14. THE CLASSICAL THEORY OF THE RATE OF INTEREST o APPENDIX ON THE RATE OF INTEREST ... advantages of private and national thrift, the traditional attitude towards the rate of interest, the classical theory of unemployment, the quantity theory of money, the unqualified advantages of laissez-faire ... and of the trade cycle. Another feature, especially characteristic of this book, is the theory of the rate of interest. In recent times it has been held by many economists that the rate of current...
Ngày tải lên: 15/12/2013, 21:15
Challenge your thinking on theory of constraints (toc) accounting (e schragenheim)
Ngày tải lên: 17/12/2013, 15:18
Tài liệu Introduction to Communication systems the theory of probability. pdf
... gr qrw h{lvw Wkh sk|vlfdo phfkdqlvpv gulylqj wkh sureohp duh vr frpsolfdwhg wkdw wkh gluhfw fdofxodwlrq ri wkh sureohp lv qrw ihdvleoh Wkhuh h{lvwv vrph edvlf lqghwhuplqdf| lq wkh sk|vlfdo...
Ngày tải lên: 20/12/2013, 19:15
The general theory of employment interest and money (1936)
Ngày tải lên: 31/12/2013, 23:30
the stock market, the theory of rational expectations, and the efficient markets hypothesis
... Canada Inc. 7- 18 Rationale Behind the Theory ↑⇒↓⇒< ↓⇒↑⇒> of t of of t *of R PR* R R P RR until R of = R* In an efficient market all unexploited profit opportunities will be eliminated ... security t t1t P CPP R +− = + R = the rate of return on the security P t+1 = price of the security at time t+1, the end of the holding period Pt = price of the security at time t, the beginning of the holding period C ... 2011 Pearson Canada Inc. 7- 13 Formal Statement of the Theory X e = X of X e = expectation of the variable that is being forecast X of = optimal forecast using all available information ...
Ngày tải lên: 05/01/2014, 16:56
Tài liệu Chapter XIV Kinetic-molecular theory of gases – Distribution function doc
... average" One of the keys of the kinetic-molecular model is to relate pressure to collisions of molecules with any wall: 4/22/2008 4 §1. Kinetic–molecular model of an ideal gas: 1.1 Equations of state of ... principle of equipartition of energy we have, in average, for each of degree of freedom: kT For three orthogonal directions there are six degree of freedom 4/22/2008 8 1.2 Kinetic-molecular model of ... number of molecules having velocities in the “volume” element is (N: the total number of molecules of the whole system) The number of molecules with speeds between v and v + Δv is the number of loints...
Ngày tải lên: 17/01/2014, 04:20
Tài liệu Tài liệu sinh học tiếng Anh: The Collapse of the Theory of Evolution in 20 Questions docx
... disprove the claims of the theory of evolution and reveal the truth of creation. 28 THE COLLAPSE OF THE THEORY OF EVOLUTION IN 20 QUESTIONS Prof. Phillip Johnson That is the theory of evolution's ... lack of predators makes it impossible to explain these spines in terms of natural selection. How does the Collapse of the Theory of Evolution Demonstrate the Truth of Creation? T HE theory of evolution ... the collection of books by Harun Yahya have assumed this leading role. By THE COLLAPSE OF THE THEORY OF EVOLUTION IN 20 QUESTIONS HARUN YAHYA 34 THE COLLAPSE OF THE THEORY OF EVOLUTION IN...
Ngày tải lên: 19/01/2014, 09:20
Tài liệu Chapter XX Quantum theory of light pdf
... the beginning of a new theory, the quantum theory. • In 1905 Einstein developed an analogue theory for light: Light consists of photons, the energy of each photon is h Einstein’s theory gave ... earlier Planck’s theory of radiation, the postulates of Einstein’s theory is as follows: Light consists of small “packages” of energy called photons or light quanta. The energy of a photon is ... remarkable in short-wavelength regions of the continuum of electromagnetic waves. See the graph of the intensisties of the scattered X-rays, plotted as a function of wavelength at a) = 45 o ; b) =...
Ngày tải lên: 24/01/2014, 07:20
Quantum statistical theory of superconductivity
... surface at 0 K. Theoretically much of the band theory of solids 24 and the microscopic theory of superconductivity are based on this model. The occurrence of superconductors critically depends ... theory. A large body of theoretical and experimental work followed several years after the BCS theory. By 1964 the general consensus was that the BCS theory is an essentially correct theory of ... also the nontechnical public. The theory of super- conductivity is considered difficult. Lectures on the subject are normally given at the end of Quantum Theory of Solids, a second-year graduate...
Ngày tải lên: 24/01/2014, 17:40
Tài liệu The Theory of the Design of Experiments doc
... to the theory of evolution”for explaining the diversity of life on Earth and the ex- istence of millions of different species. Opponents of this view hold that ID is not a scientific theory but ... among individuals. The lack of a unified theory of ecology” and the existence instead of a fragmented body of “ecological theory is evidenced by the relative use of these two terms in the scientific ... By focusing on the relative fitness of indi- viduals, Lamarckian theory and Dar- winian theory were constituted primarily at a single level of analysis—that of the indi v idual organism. Thus,...
Ngày tải lên: 25/01/2014, 08:20
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