The density function for the value-distribution of Lerch zeta-functions and its applications

The probabilistic study of the value-distribution of zeta-functions is one of the modern topics in analytic number theory. In this paper, we study a probability density function related to the value-distribution of Lerch zeta-functions. We prove a limit theorem with an effective error term, and moreover, we obtain an asymptotic formula on the number of zeros of Lerch zeta-functions on the right side of the critical line by applying the density function.Comment: 28 page

Texas in the most recent recession and recovery

Employment

Is today's architecture about real space, virtual space or what?

Nowadays digital technologies and information and telecommunication technologies are widely used in every aspect of our lives. This article focuses on the digital technologies and their effect on the place-making activities. First an overview of the digital technologies for the creation, occupancy and management of a building is given. Secondly, the concepts of space and virtual space are discussed. Through these discussions, the concept of places and its virtual alternatives and recombination the use of space are described. Finally some concluding remarks are made on whether today’s place making activities about real space or it extends beyond that

Value relevance of troubled debt restructurings and policy implications

This paper investigates the beneficial economic consequences and market and accounting based valuation effects of troubled debt restructurings (TDR) in financially distressed debtor firms. Relying on the implications of prior research and extant valuation theories, some empirical evidence on the beneficial outcomes and informativeness of TDR is first provided: significantly positive restructuring interval excess returns and higher excess returns to subsequently consummated restructurings and subsequent survivors. The market reaction to “full-settlement” and “modification of terms” types of TDR are also measured to evaluate the consistency of the FASB's binary classification and recognition criteria with the market participants' assessments. Finally, a valuation model conditional on book values and earnings is used to test the value relevance of the reported financial statement bottom lines and TDR related disclosure. The findings suggest that modifications are at least as beneficial and informative as full settlements. Hence, the recognition of the reduction in the liability and the related gain in the financial statements of firms that undertake modifications would be more congruent with the valuation effects assessed by market participants. Key words: Private workouts, Financial distress, Debt restructuring, Valuation, Capital markets, SFAS No.15. JEL: G14, G33, G38, M4

The Effects of Grass Carp on Aquatic Plants, Plankton and Benthos in Ponds

The effects of the grass carp (Ctenopharyngodon idella Val.)on aquatic plant biomass, water quality, phytoplankton, chlorophyll a, zooplankton and benthic fauna were investigated between May and September 2000 in earthen ponds at Cifteler- Sakaryabasi Aquaculture and Research Station. (PDF has 8 pages