84,591 research outputs found
Recommended from our members
The impact of mandatory IFRS adoption on accrual anomaly and earning conservatism
This paper investigates the impact of mandatory IFRS adoption on earning management and accounting conservatism by European countries. Using firm-level data of nine European countries within G20 who mandatorily adopted IFRS in 2005, we found that IFRS either increase or decrease accounting conservatism within the sample countries. With Mishkin test to market efficiency at valuation with disaggregated earning components, the results show that the accrual anomaly is not a generalized phenomenon within Europe, especially the Common Law countries. The market seems to be less able to distinguish abnormal accrual from normal accrual estimated by Jones model, which in term cause the mis-valuation of the future earnings forecast. Cross country characteristics examination, including law enforcement, protection of shareholder and accounting structure, etc. suggests that the change of accounting standard itself cannot solely improve the valuation information environment. Relevant commercial law should change to support IFRS to make accounting information informative and comparable
Critical behaviours of contact near phase transitions
A central quantity of importance for ultracold atoms is contact, which
measures two-body correlations at short distances in dilute systems. It appears
in universal relations among thermodynamic quantities, such as large momentum
tails, energy, and dynamic structure factors, through the renowned Tan
relations. However, a conceptual question remains open as to whether or not
contact can signify phase transitions that are insensitive to short-range
physics. Here we show that, near a continuous classical or quantum phase
transition, contact exhibits a variety of critical behaviors, including scaling
laws and critical exponents that are uniquely determined by the universality
class of the phase transition and a constant contact per particle. We also use
a prototypical exactly solvable model to demonstrate these critical behaviors
in one-dimensional strongly interacting fermions. Our work establishes an
intrinsic connection between the universality of dilute many-body systems and
universal critical phenomena near a phase transition.Comment: Final version published in Nat. Commun. 5:5140 doi:
10.1038/ncomms6140 (2014
Analyticity of the Susceptibility Function for Unimodal Markovian Maps of the Interval
In a previous note [Ru] the susceptibility function was analyzed for some
examples of maps of the interval. The purpose of the present note is to give a
concise treatment of the general unimodal Markovian case (assuming real
analytic). We hope that it will similarly be possible to analyze maps
satisfying the Collet-Eckmann condition. Eventually, as explained in [Ru],
application of a theorem of Whitney [Wh] should prove differentiability of the
map restricted to a suitable set.Comment: 8 page
Diving Deep into Sentiment: Understanding Fine-tuned CNNs for Visual Sentiment Prediction
Visual media are powerful means of expressing emotions and sentiments. The
constant generation of new content in social networks highlights the need of
automated visual sentiment analysis tools. While Convolutional Neural Networks
(CNNs) have established a new state-of-the-art in several vision problems,
their application to the task of sentiment analysis is mostly unexplored and
there are few studies regarding how to design CNNs for this purpose. In this
work, we study the suitability of fine-tuning a CNN for visual sentiment
prediction as well as explore performance boosting techniques within this deep
learning setting. Finally, we provide a deep-dive analysis into a benchmark,
state-of-the-art network architecture to gain insight about how to design
patterns for CNNs on the task of visual sentiment prediction.Comment: Preprint of the paper accepted at the 1st Workshop on Affect and
Sentiment in Multimedia (ASM), in ACM MultiMedia 2015. Brisbane, Australi
IKEA: global sourcing and the sustainable leather initiative
The leather industry has traditionally been characterized by global operations across both developed and developing countries. Due to the long distance and contextual differences, there are numerous sustainability issues occurring along the global leather supply chain. Addressing these issues is both a responsibility and a challenge for multinational companies, especially in their global sourcing (GS) activities. This teaching case provides an example of implementing the sustainable leather initiative in the global sourcing process at IKEA. The case demonstrates IKEA’s sustainable leather initiative supported by its tailored GS strategy and GS structure and provides a benchmark of Sustainable GS for multinational companies and allows for a thorough discussion of how to implement a sustainability initiative while conducting GS. The case can be used to teach graduate/postgraduate in agricultural business, MBA and executive students on sustainable supply chain management and corporate social responsibility
- …