AGRICULTURAL BANK EFFICIENCY AND THE ROLE OF MANAGERIAL RISK PREFERENCES

We investigate the objectives of agricultural bank managers and their impacts on bank efficiency. If managers are non-neutral toward risk, then banks may appear inefficient when they are not. We find non-neutrality toward risk and efficiency gains due to firm size, loan shares, asset shares, and share of market deposits.Financial Economics, Risk and Uncertainty,

Information Spreading in Interacting String Field Theory

The commutator of string fields is considered in the context of light cone string field theory. It is shown that the commutator is in general non--vanishing outside the string light cone. This could have profound implications for our understanding of the localization of information in quantum gravity.Comment: 10 pages, 1 figure, harvmac and epsf, UCSBTH-94-07, SU-ITP-94-

On the local Lorentz invariance in N=1 supergravity

We discuss the local Lorentz invariance in the context of N=1 supergravity and show that a previous attempt to find explicit solutions to the Lorentz constraint in terms of $\gamma-$matrices is not correct. We improve that solution by using a different representation of the Lorentz operators in terms of the generators of the rotation group, and show its compatibility with the matrix representation of the fermionic field. We find the most general wave functional that satisfies the Lorentz constraint in this representation

EVALUATING THE PERFORMANCE OF AGRICULTURAL BANK MANAGEMENT: THE IMPACT OF STATE REGULATORY POLICIES

We evaluate agricultural bank management performance, focusing on the impacts of interstate banking laws on productivity change. The generalized Malmquist productivity index decomposes productivity change into technological change, technical efficiency change, and change in scale economies. While managerial productivity rose from 1982 to 1991, states that adopt the most liberal interstate banking laws experienced the greatest improvement in productivity. Large agricultural banks were more efficient in states that had more liberalized interstate banking laws while small agricultural banks fared better in states with more restrictive laws.generalized Malmquist index, interstate banking, productivity change, Agricultural Finance,

EVALUATING THE PERFORMANCE OF AGRICULTURAL BANK MANAGEMENT: THE IMPACT OF STATE REGULATORY POLICIES

We evaluate agricultural bank management performance, focusing on the impacts of interstate banking laws on productivity change. The generalized Malmquist productivity index decomposes productivity change into technological change, technical efficiency change, and change in scale economies. While managerial productivity rose from 1982 to 1991, states that adopted the most liberal interstate banking laws experienced the most improvement in productivity. Large agricultural banks were more efficient.generalized Malmquist index, interstate banking, Agricultural Finance, Financial Economics,

N-String Vertices in String Field Theory

We give the general form of the vertex corresponding to the interaction of an arbitrary number of strings. The technique employed relies on the ``comma" representation of String Field Theory where string fields and interactions are represented as matrices and operations between them such as multiplication and trace. The general formulation presented here shows that the interaction vertex of N strings, for any arbitrary N, is given as a function of particular combinations of matrices corresponding to the change of representation between the full string and the half string degrees of freedom.Comment: 22 pages, A4-Latex (latex twice), FTUV IFI

The de Sitter Relativistic Top Theory

We discuss the relativistic top theory from the point of view of the de Sitter (or anti de Sitter) group. Our treatment rests on Hanson-Regge's spherical relativistic top lagrangian formulation. We propose an alternative method for studying spinning objects via Kaluza-Klein theory. In particular, we derive the relativistic top equations of motion starting with the geodesic equation for a point particle in 4+N dimensions. We compare our approach with the Fukuyama's formulation of spinning objects, which is also based on Kaluza-Klein theory. We also report a generalization of our approach to a 4+N+D dimensional theory.Comment: 25 pages, Latex,commnets and references adde

WZW-like Action for Heterotic String Field Theory

We complete the construction of the Neveu-Schwarz sector of heterotic string field theory begun in hep-th/0406212 by giving a closed-form expression for the action and gauge transformations. Just as the Wess-Zumino-Witten (WZW) action for open superstring field theory can be constructed from pure-gauge fields in bosonic open string field theory, our heterotic string field theory action is constructed from pure-gauge fields in bosonic closed string field theory. The construction involves a simple alternative form of the WZW action which is consistent with the algebraic structures of closed string field theory.Comment: 22 pages, no figures, LaTeX2

Gauge and Poincare' Invariant Regularization and Hopf Symmetries

We consider the regularization of a gauge quantum field theory following a modification of the Polchinski proof based on the introduction of a cutoff function. We work with a Poincare' invariant deformation of the ordinary point-wise product of fields introduced by Ardalan, Arfaei, Ghasemkhani and Sadooghi, and show that it yields, through a limiting procedure of the cutoff functions, to a regularized theory, preserving all symmetries at every stage. The new gauge symmetry yields a new Hopf algebra with deformed co-structures, which is inequivalent to the standard one.Comment: Revised version. 14 pages. Incorrect statements eliminate

Gauge theories of spacetime symmetries

Gauge theories of conformal spacetime symmetries are presented which merge features of Yang-Mills theory and general relativity in a new way. The models are local but nonpolynomial in the gauge fields, with a nonpolynomial structure that can be elegantly written in terms of a metric (or vielbein) composed of the gauge fields. General relativity itself emerges from the construction as a gauge theory of spacetime translations. The role of the models within a general classification of consistent interactions of gauge fields is discussed as well.Comment: 8 pages, revtex; v2: minor improvements of text and formulas; v3: typo in formula after eq. (35) correcte