9,373 research outputs found
Short-term debt maturity, monitoring and accruals-based earnings management
Most prior studies assume a positive relation between debt and earnings management, consistent with the financial distress theory. However, the empirical evidence for financial distress theory is mixed. Another stream of studies argues that lenders of short-term debt play a monitoring role over management, especially when the firm’s creditworthiness is not in doubt. To explore the implications of these arguments on managers’ earnings management incentives, we examine a sample of US firms over the period 2003–2006 and find that short-term debt is positively associated with accruals-based earnings management (measured by discretionary accruals), consistent with the financial distress theory. We also find that this relation is significantly weaker for firms that are of higher creditworthiness (i.e. investment grade firms), consistent with monitoring benefits outweighing financial distress reasons for managing earnings
Transonic flow studies
Major emphasis was on the design of shock free airfoils with applications to general aviation. Unsteady flow, transonic flow, and shock wave formation were examined
Vortex simulation of the pressure field of a jet
Fluctuations of the pressure field of a jet are simulated numerically by a flow model consisting of axisymmetric vortex rings with viscous cores submerged in an inviscid uniform stream. Vortex shedding time intervals, randomly created to imitate the time-history characteristics of the pressure signals of a jet, are generated based on a probability distribution of the intervals between successive pressure peaks obtained from experiments. It is found that, up to five diameters downstream of the jet exit, the characteristics of the pressure fluctuations and the most probable time intervals between experimental and numerical results show good qualitative agreements. The role played by the axisymmetric vortex model in pressure field as well as extensions of the model is also discussed
Misclassification analysis for the class imbalance problem
In classification, the class imbalance issue normally causes the learning algorithm to be dominated by the majority classes and the features of the minority classes are sometimes ignored. This will indirectly affect how human visualise the data. Therefore, special care is needed to take care of the learning algorithm in order to enhance the accuracy for the minority classes. In this study, the use of misclassification analysis is investigated for data re-distribution. Several under-sampling techniques and hybrid techniques using misclassification analysis are proposed in the paper. The benchmark data sets obtained from the University of California Irvine (UCI) machine learning repository are used to investigate the performance of the proposed techniques. The results show that the proposed hybrid technique presents the best performance in the experiment
An efficient method for computing unsteady transonic aerodynamics of swept wings with control surfaces
A transonic equivalent strip (TES) method was further developed for unsteady flow computations of arbitrary wing planforms. The TES method consists of two consecutive correction steps to a given nonlinear code such as LTRAN2; namely, the chordwise mean flow correction and the spanwise phase correction. The computation procedure requires direct pressure input from other computed or measured data. Otherwise, it does not require airfoil shape or grid generation for given planforms. To validate the computed results, four swept wings of various aspect ratios, including those with control surfaces, are selected as computational examples. Overall trends in unsteady pressures are established with those obtained by XTRAN3S codes, Isogai's full potential code and measured data by NLR and RAE. In comparison with these methods, the TES has achieved considerable saving in computer time and reasonable accuracy which suggests immediate industrial applications
On the theory of polarization transfer in inhomogeneous magnetized plasmas
Polarization transfer theory in inhomogeneous magnetized plasmas with mode couplin
Daily serum inflammatory cytokine (tumor necrosis factor-α, interleukin- 6) monitoring in liver transplantation focusing on allograft rejection: A five-case report
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