Convertible debt under asymmetric information and agency problems, a solution to the convertible debt puzzle

Convertible debt under asymmetric information and agency problems, a solution to the convertible debt puzzle

Ngày tải lên : 30/09/2015, 14:14
... incentives to increase the amount of assets under their control as long as the value for shareholders is monotonically weakly related to the value of the assets of the firm I claim that there exists a ... equity is $441 million These figures are similar to those in Datta, Iskandar-Datta, and Raman (2003) and Spies and Affleck-Graves (1995) Panel A of Table reports summary statistics of firm’s characteristics ... the model to give rise to a signaling game in which investors have an incentive to try to infer manager type from their observable actions, and type B managers may have an incentive to mislead...
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In 1999, LBNL asked the area s cellular carriers to propose a solution to the problem  cingular wireless (previously cellular one and AT t wireless) p

In 1999, LBNL asked the area s cellular carriers to propose a solution to the problem cingular wireless (previously cellular one and AT t wireless) p

Ngày tải lên : 04/12/2015, 00:26
... all,” says Nobles “It was pretty painless.” Cingular first deployed a micro base station in LBNL’s data center along with a Main Hub, Expansion Hubs, Remote Access Units (RAUs), and antennas Today, ... when the system had an outage at one point,” says Nobles “People had become accustomed to it, and we really heard from them when it stopped working I came in one Monday morning and got one call after ... In 1999, LBNL asked the area’s cellular carriers to propose a solution to the problem Cingular Wireless (previously Cellular One and AT&T Wireless) proposed installing an InterReach in-building...
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RESEMBLANCE AS REPLETENESS: A SOLUTION TO GOODMAN’S PROBLEM pot

RESEMBLANCE AS REPLETENESS: A SOLUTION TO GOODMAN’S PROBLEM pot

Ngày tải lên : 23/03/2014, 13:20
... himself to the arbitrary view of entrenchment The key to building a weaker formulation of resemblance in to Goodman's thesis is to analyse what is entailed by his commitment to repleteness, which is ... says realism is the only form of resemblance pictures can achieve Rather, I argue, realism is only the highest degree of resemblance at one end of the scale, where A can resemble B to a greater ... resemblance is as an exact a match between picture and object as there could be, hence the concession to realism But it seems to me that ‘resemblance’ is a less precise term of comparison than ‘copy’,...
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Tài liệu Báo cáo khoa học: "A Practical Solution to the Problem of Automatic Word Sense Induction" doc

Tài liệu Báo cáo khoa học: "A Practical Solution to the Problem of Automatic Word Sense Induction" doc

Ngày tải lên : 20/02/2014, 16:20
... such a way that line crossings are avoided when connecting clusters As we can see, the dissimilarities among the top 30 associations to palm are all in the upper half of the scale and not very distinct ... decided to use the hierarchical clustering algorithm readily available in the MATLAB (MATrix LABoratory) programming language After some testing with various similarity functions and linkage types, ... hierarchical tree are related to the hand sense of palm, and all other words are related to its tree sense However, it is somewhat unsatisfactory that the word frond seems equally similar to both...
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Báo cáo khoa học: "A Practical Solution to the Problem of Automatic Part-of-Speech Induction from Text" pdf

Báo cáo khoa học: "A Practical Solution to the Problem of Automatic Part-of-Speech Induction from Text" pdf

Ngày tải lên : 08/03/2014, 04:22
... Fortunately, the problem of data sparseness can be minimized by reducing the dimensionality of the matrix An appropriate algebraic method that has the capability to reduce the dimensionality of a ... nouns and adjectives are not clearly separated, and the adjectives widely and rural are placed outside the adjective cluster With SVD, all 50 words are in their appropriate clusters and the three ... three discovered clusters are much more salient Also, widely and rural are well within the adjective cluster The comparison of the two dendrograms indicates that the SVD was capable of making appropriate...
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bankruptcy, is it the right solution to your debt problems 2nd (2004)

bankruptcy, is it the right solution to your debt problems 2nd (2004)

Ngày tải lên : 18/04/2014, 14:03
... 1/2 Bankruptcy: Is It the Right Solution to Your Debt Problems? Jonathan and Hilda are married with two young children Hilda is a stay-at-home mother They had always managed their money wisely ... few places, however, Chapter 13 filings equal or far exceed the Chapter filings This is true in parts of Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, ... court and to fine the creditor Exceptions to the Automatic Stay There are some notable exceptions to the automatic stay The following proceedings can continue regardless of the stay: • A criminal...
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Báo cáo hóa học: " A general solution to the continuous-time estimation problem under widely linear processing" pdf

Báo cáo hóa học: " A general solution to the continuous-time estimation problem under widely linear processing" pdf

Ngày tải lên : 20/06/2014, 22:20
... provides a decrease in the error that is twice as great as the SL estimator Notice also that the Hilbert space approach we have followed to derive the WL estimators allows us to give an alternative ... interval of the real line As noted above, this formulation is very general and contains as particular cases a great number of classical estimation problems, such as estimation of signals in additive ... communication example addressed in [28] and [29] Assume that a real waveform s1(t) is transmitted over a channel that rotates it by a standard normal phase θ and adds a nonwhite noise n(t) More precisely,...
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Tài liệu ECTS Users’ Guide: Europe Direct is a service to help you find answers to your questions about the European Union doc

Tài liệu ECTS Users’ Guide: Europe Direct is a service to help you find answers to your questions about the European Union doc

Ngày tải lên : 16/02/2014, 03:20
... learner is the same as the number of credits allocated to the component The full number of credits is always awarded if the student achieves a passing grade; it is never adjusted according to the ... implement the Standards and Guidelines for Quality Assurance in the European Higher Education Area.22 their programmes and awards.23 The quality assurance of programmes and awards is expected to include: ... use a European grading scale as a translation device into other grading systems Such European scale was based on the statistical distribution of passing grades in each pro- As a second step in the...
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Báo cáo hóa học: " Research Article RRES: A Novel Approach to the Partitioning Problem for a Typical Subset of System Graphs" potx

Báo cáo hóa học: " Research Article RRES: A Novel Approach to the Partitioning Problem for a Typical Subset of System Graphs" potx

Ngày tải lên : 22/06/2014, 06:20
... demands that are present in the graph For instance, the totalised gate count Atotal of all processes in the graph is 100k gates, if Alimit = 20k, then RA = 0.2, which is rather strict, as in average, ... rloc is depicted The rank levels are annotated at the bottom of the graphic The fundamental idea of the algorithm explained in Section is that, in general, a local optimal solution, for instance, ... ratios are obtained by the following equations: RT = Tlimit − Tmin , Ttotal − Tmin RA = Alimit , Atotal RS = Slimit Stotal (8) The totalised values for area Atotal , code size Stotal , and execution...
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Báo cáo toán học: "Solution to an Open Problem on the Integral Sum Graphs" ppt

Báo cáo toán học: "Solution to an Open Problem on the Integral Sum Graphs" ppt

Ngày tải lên : 06/08/2014, 05:20
... l (a3 ) + l(an ) = a − b − b = a − 2b = −l (a4 ), so l (a3 ) + l(an−1 ) is not a label Thus the sum of labels of any two nonadjacent vertices between {an−3, an−2, an−1, an } and {a1 , a2 , a3 } is ... have l(ai ) + l(an−3) = l(ai ) + a − l(an−4) = |l(an−4)| + l(ai ) + a < |l(an−4)| Solution to an Open Problem on the Integral Sum Graphs 293 On the other hand we have l(ai ) + l(an−3) − |l(an−5)| ... posed an open problem as follows Problem Is it true that any odd cycle is an Σ-graph ? In this section, we give an a rmative answer to the above open problem, namely Theorem 2.1 If n is an odd...
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Báo cáo toán học: "The polynomial part of a restricted partition function related to the Frobenius problem" pptx

Báo cáo toán học: "The polynomial part of a restricted partition function related to the Frobenius problem" pptx

Ngày tải lên : 07/08/2014, 06:22
... formula for PA (t) in [I] Let us define QA (t) by pA (t) = PA (t) + QA (t) From the partial fraction expansion above, it is clear that QA (and hence also pA ) is a quasi-polynomial, that is, an expression ... special case in which the are pairwise relatively prime, each PA,λ(t) for λ = is a constant, and thus QA (t) is a periodic function with average value 0, and this property determines QA (t), and ... denote by PA (t) and call the polynomial part of pA (t) It is easy to see that PA (t) is a polynomial of degree n − (More generally, the degree of PA,λ(t) is one less than the number of values of...
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Báo cáo khoa học: " Bench-to-bedside review: Sepsis is a disease of the microcirculation" pps

Báo cáo khoa học: " Bench-to-bedside review: Sepsis is a disease of the microcirculation" pps

Ngày tải lên : 12/08/2014, 20:20
... magnification of × 326) is used during measurements Data are recorded on a digital video recorder for later analysis and displayed on a black and white monitor Because the OPS machine is a small ... microcirculatory perfusion 464 Lactate levels are thought to reflect anaerobic metabolism associated with tissue dysoxia and might predict a response to therapy and prognosis [26] The balance between lactate ... microcirculatory perfusion is shut down and is the final common pathway in shock Especially in septic shock, alterations in metabolic pathways called ‘cytopathic hypoxia’ can lead to additional tissue...
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Báo cáo y học: " Modeling the signaling endosome hypothesis: Why a drive to the nucleus is better than a (random) walk" ppt

Báo cáo y học: " Modeling the signaling endosome hypothesis: Why a drive to the nucleus is better than a (random) walk" ppt

Ngày tải lên : 13/08/2014, 23:20
... to overcome the physical constraints of axonal distances and volumes [7] Specifically, this hypothesis states that the most efficient mechanism for signaling-at- a- distance involves the packaging ... above (assuming MDa mass and a four-fold increase in molecular radius to account for molecular packing of the statosome) and the root-mean-square displacement may be 50% of the value calculated ... Such a generalized hypothesis might state that the most efficient mechanism for communicating signals from the plasma membrane to the nucleus is the compartmentalization of signal transducers into...
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stevens - rich is a religion; breaking the timeless code to wealth (2008)

stevens - rich is a religion; breaking the timeless code to wealth (2008)

Ngày tải lên : 01/11/2014, 16:36
... can escape to relax and recharge • To afford multiple annual vacations that are more luxurious or stimulating than the cookie-cutter bargain getaways that I’m accustomed toTo make a fundamental ... think is imposed on him by parents, teachers, and others: what is seen or heard, what is taught, what is read All these influences shape the person and his assumptions about the right way to manage ... forever, there is a major difference between wanting to and having to And the major reason they have to is because they have never been taught to think of rich as a religion Instead, they think...
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DynamicProgramming Solution to the 01 Knapsack Problem

DynamicProgramming Solution to the 01 Knapsack Problem

Ngày tải lên : 24/12/2014, 21:11
... value to the solution S isVi plus the value of the subproblem We can express this fact in the following formula: define c[i, w] to be the solution for items 1,2, , i and maximum weight w Then ... upto the weight limit w, and get c[i 1, w] value The better of these two choices should be made Although the 0-1 knapsack problem, the above formula for c is similar to LCS formula: boundary values ... backwards where the optimal values came from If c[i, w] = c[i1, w] item i is not part of the solution, and we are continue tracing with c[i- 1, w] Otherwise item i is part of the solution, and...
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Is rising inequality a hindrance to the US economic recovery

Is rising inequality a hindrance to the US economic recovery

Ngày tải lên : 23/09/2015, 08:52
... of the latter rose relative to the debt of the former Another stock that was naturally affected by these changes was household wealth In Table we can see that the average wealth of the wealthiest ... private sector, becomes an unsustainable process that sooner or later leads to a crisis The dominance of fiscal conservatism makes matter worse; it means that the “burden” of borrowing falls on the ... unsustainable, and if it is allowed to continue, will lead to an era of anemic growth and high unemployment The authors would like to thank Ajit Zacharias and Fernando Rios-Avila for useful discussions...
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Báo cáo y học: "An Avian Connection as a Catalyst to the 1918-1919 Influenza Pandemic"

Báo cáo y học: "An Avian Connection as a Catalyst to the 1918-1919 Influenza Pandemic"

Ngày tải lên : 02/11/2012, 11:12
... either One, how does an intestinal virus change to that of a respiratory airborne-virus that is adapted to the mammalian lung? Second, the viruses must adapt to environmental changes, able to ... of the American Medical Association Influenza was not a reportable disease: the only evidence of the early occurrence was the registration of deaths reported as uncomplicated cases of pneumonia ... physicians to various public health departments [11] Medical researchers at the time offered the following hypothesis what had happen to the influenza when it went to France The first theory that was...
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UNIT 13:A TRIP TO THE COUNTRYSIDE

UNIT 13:A TRIP TO THE COUNTRYSIDE

Ngày tải lên : 01/06/2013, 08:47
... site next to the river It was a beautiful day, my friends and I decided to go on a picnic We took a bus to the countryside and then walked about 20 minutes to the picnic site next to the river ... blankets / lay out / food We put down the blankets and laid out the food We We put down the blankets and laid out the food After meal / play / games / “What song is it?” / blind man’s buff Late ... countryside / walk / 20 minutes / picnic site / river It was a beautiful day, my friends and I It decided to go on a picnic We took a bus to the countryside and then walked about 20 minutes to the picnic...
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Unit 3: A trip to the countryside. Lesson 18

Unit 3: A trip to the countryside. Lesson 18

Ngày tải lên : 21/06/2013, 01:25
... standard time 2- c 3- b 4- e 5- a b.Complete the summary Use information from the passage A VietNamese boy named Van is living with the Parker family in the American state of (1) …… Mr Parker is ... he also helps on the (7) ……… The family relaxes on Saturday farm afternoons and (8)…… Peter play (9) they watch …… Van likes the Parkers, and he baseball enjoys being a (10) …… of their family ... while Mrs Parker works part-time at a grocery store  a farmer F They have three children F Van feeds the pigs and collects their eggs  two  the chickens T The Parker family and Van eat hamburgers...
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