2,235 research outputs found
Financial reporting in 1920: The case of industrial companies;
This study uses the 1920 Moody\u27s Analysis of Industrial Investments to assess the extent of financial reporting by U.S. industrial companies. The reporting of an income statement and a balance sheet, as well as the amount of disclosure in both of these statements, is examined empirically to determine which economic factors influence this reporting. The results show that corporate-governance, operating, and financing factors all significantly influence the reporting of financial statements and the extent of disclosure within those statements. However, the significant factors vary across the two financial statements and the two decisions considered (reporting a particular statement and the amount of disclosure within the statement to report). All factors are shown to influence significantly the decision to report both a balance sheet and an income statement and the amount of information to report in a balance sheet. The decision regarding the amount of information to report in an income statement is only influenced by corporate-governance and operating factors
Earnings management among firms during the pre-SEC area: a Benford\u27s Law analysis
This paper examines the existence of financial statement manipulation in the U.S. during a time period when many of the current motivations did not exist. The study looks for types of manipulations that would be motivated by the pre-SEC operating environment. To examine this issue, a sample of U.S. firms from the 1915 Moody\u27s Analyses of Investments is divided into industrial firms, railroads, and utilities. The railroad and utility companies faced rate regulation during this time period, providing incentives to manipulate the financial reports so as to maximize the rate received. Industrial firms were not regulated. These companies wanted to attract investors, motivating manipulations to increase income and net assets. To determine if manipulations are occurring, a Benford\u27s Law analysis is used. This analysis examines the frequency of numbers in certain positions within an amount to determine if the distribution of the numbers is similar to the pattern documented by Benford\u27s Law. Some manipulations consistent with expectations are found
An Analysis of Social Factors Influencing the Adoption of International Financial Reporting Standards
his paper examines the decision of 120 countries to permit or not to permit the use of International Financial Reporting Standards (IFRS) for listed companies incorporated within their borders. An empirical model is developed considering variables related to culture, political systems and economic systems of the countries. Least squares regression was used to examine which variables significantly influence the decision to allow the use of IFRS. The results from this regression indicate that literacy rates and net import activity positively influence the decision to allow IFRS. Less economically developed countries were also shown to be more likely to allow IFRS. A model using these three variables was used to predict whether countries would allow IFRS. The model was able to statistically improve on the prediction that all countries would use IFRS
The Jean Cocteau Collection: How \u27Astonishing\u27?
Between 1963 and 1971, the Syracuse University Library acquired more than two hundred fifty holograph manuscripts by Jean Cocteau. These are now to be found in the George Arents Research Library for Special Collections, where they enhance an already rich assortment of French manuscripts that have been thoroughly listed in a previous article in the Courier. An abridged history of their acquisition might be told here. The story is interesting, for it includes several of those ironical twists that made so much of Cocteau\u27s life seem like a chassé-croisé with Death, choreographed by the artist himself
An Interview with Emmanuel Le Roy Ladurie
The renowned historian Le Roy Ladurie dicusses his influences, his writing, his career as scholar and director of the Bibliotheque Nationale, and his views on Europe\u27s religious, economic, and political inheritance
Phylogeny of Poa (Poaceae) Based on trnTâtrnF Sequence Data: Major Clades and Basal Relationships
Poa, the largest genus of grasses (Poaceae) with over 500 species, occurs throughout temperate and boreal regions in both hemispheres. A phylogenetic study of Poa based on trnTâtrnF chloroplast DNA sequence data is presented focusing on basal relationships, major clades, generic boundaries, and placement of putatively closely related genera. Results support the monophyly of the main lineage of Poa if subgen. Andinae is excluded and Anthochloa, Austrofestuca, Dissanthelium (at least in part), and Eremopoa are included. The main Poa clade and subgen. Andinae resolve within a strongly supported PoinaeâAlopecurinaeâMiliinae clade (PAM). The subdivision of Poa into ïŹve major clades, proposed based on chloroplast restriction site data, is supported by sequence data. The basal-most clade (ArcSyl) comprises Poa subgen. Arctopoa and subgen. Poa sect. Sylvestres, two groups having disparate morphology, but similar cpDNA. The next-diverging clade (BAPO), comprising sects. Bolbophorum, Alpinae, Parodiochloa, and Ochlopoa, is strongly supported and characterized by highly divergent cpDNA. The majority of Poa species and sections form a strongly supported clade comprising major clades SPOSTA, PoM, and HAMBADD. Newly reported in this study is Eremopoa as a distinct lineage positioned between this higher Poa clade and BAPO. A revised infrageneric classiïŹcation of Poa comprising ïŹve subgenera is proposed. Two new subgeneric divisions of Poa are proposed: subgen. Stenopoa for the SPOSTA clade and supersect. Homalopoa for the HAMBADD clade. The monotypic genus Anthochloa is reduced to Poa sect. Anthochloa, and its one species recognized as Poa lepidula
Small Molecule Inhibitors of Human Papillomavirus Protein - Protein Interactions
Human papillomaviruses (HPV) have now been identified as a necessary cause of benign and malignant lesions of the differentiating epithelium, particularly cervical cancer, the second most prevalent cancer in women worldwide. While two prophylactic HPV vaccines and screening programs are available, there is currently no antiviral drug for the treatment of HPV infections and associated diseases. The recent progress toward the identification and characterization of specific molecular targets for small molecule-based approaches provides prospect for the development of effective HPV antiviral compounds. Traditionally, antiviral therapies target viral enzymes. HPV encode for few proteins, however, and rely extensively on the infected cell for completion of their life cycle. This article will review the functions of the viral E1 helicase, which encodes the only enzymatic function of the virus, of the E2 regulatory protein, and of the viral E6 and E7 oncogenes in viral replication and pathogenesis. Particular emphasis will be placed on the recent progress made towards the development of novel small molecule inhibitors that specifically target and inhibit the functions of these viral proteins, as well as their interactions with other viral and/or cellular proteins
Universal Fluctuations in Correlated Systems
The probability density function (PDF) of a global measure in a large class
of highly correlated systems has been suggested to be of the same functional
form. Here, we identify the analytical form of the PDF of one such measure, the
order parameter in the low temperature phase of the 2D-XY model. We demonstrate
that this function describes the fluctuations of global quantities in other
correlated, equilibrium and non-equilibrium systems. These include a coupled
rotor model, Ising and percolation models, models of forest fires, sand-piles,
avalanches and granular media in a self organized critical state. We discuss
the relationship with both Gaussian and extremal statistics.Comment: 4 pages, 2 figure
Finite-size effects on the Hamiltonian dynamics of the XY-model
The dynamical properties of the finite-size magnetization M in the critical
region T<T_{KTB} of the planar rotor model on a L x L square lattice are
analyzed by means of microcanonical simulations . The behavior of the q=0
structure factor at high frequencies is consistent with field-theoretical
results, but new additional features occur at lower frequencies. The motion of
M determines a region of spectral lines and the presence of a central peak,
which we attribute to phase diffusion. Near T_{KTB} the diffusion constant
scales with system size as D ~ L^{-1.6(3)}.Comment: To be published in Europhysics Letter
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