The Role of Sunk Costs in Digitalization – Empirical Evidence from Accounting and Finance

IT investments are researched in theory and practice from different theoretical perspectives. In accounting and finance, corporate practice in particular shows that large IT investments are either not made or are abandoned during the investment and implementation process. In our view, the economic role of sunk costs has not been given sufficient attention in the literature to date. From a theoretical point of view, the objective or subjective assumption of sunk costs could be a barrier against the adoption of new digital technologies. This paper can partly support this thesis on the basis of empirical data

Adoption of Articial Intelligence in German SMEs – Results from an Empirical Study

Artificial intelligence (AI) is on everyone\u27s lips and will dominate the coming years of business. This is true not only, but also in the context of the global COVID-19 pandemic (Vaishya et al. 2020). Despite the potential of technologies such as machine learning (Alpaydin 2020), deep learning (Goodfellow et al. 2016), neural networks, and others, implementation in enterprise practice is not as advanced in itself as one would hope. This is particularly the case in Germany, which has been rather late in providing political support for AI technologies and implementing them in corporate practice by international comparison (Harhoff et al. 2018). The global success of the German economy is mainly due to her SMEs, so the following questions are of interest from a research perspective: - do German SMEs know artificial intelligence as well as AI-related technologies? - what is the level of digitization in German SMEs in general and in which areas could AI be used? - who is responsible for the introduction of AI in SMEs? - what barriers to introduction exist? - are there already ongoing pilot projects and experiences? These and other questions were explored in a quantitative-exploratory study of 283 German SMEs in 2020, the approach and initial findings of which are presented in this TREO talk paper.The data was collected with the aid of a standardized online questionnaire. Finally, the survey period ranged from October 22nd to November 11th, 2020. A total of 12,360 companies were contacted by e-mail, whereby 1,112 e-mails could not be delivered. Thus, 11,248 companies received the link to the online survey. The online questionnaire was answered 283 times during the survey period, corresponding to a participation rate of 2.5 percent. The initial empirical results of this study show that German SMEs are not yet fully aware of the relevance and potential of AI technologies. They mainly use classic technologies that have been known for a long time, such as rule-based systems.Not yet apparent from the analysis to date are the reasons why AI has not yet been used extensively in German SMEs. This could be due on the one hand to restrictions in terms of financial and human resources, but on the other hand also to decision-making specifics that can be traced back to the influence of one or more entrepreneurial families. Contextual factors such as company size, industry and the general level of digitization of the company as well as the potential influence of an entrepreneurial family and a capital market orientation were also queried in the study, but not yet evaluated. It is assumed that these contextual factors have a significant influence on the fundamental importance, the assessment of opportunities and risks, organizational responsibility and ultimately also the budget for AI implementation

Cloud-based management information systems - an upper echelons perspective on the adoption and use of online MIS

So-called cloud-based management information systems are a fairly new phenomenon in management accounting in recent years. Quite a few companies (and especially their business managers and management accountants) do not always work via the cloud, but with hybrid solutions or on-premise solutions of ERP software such as SAP or Oracle, but often still with "manual" solutions such as Microsoft Excel

Signatures in a Giant Radio Galaxy of a Cosmological Shock Wave at Intersecting Filaments of Galaxies

Sensitive images of low-level, Mpc-sized radio cocoons offer new opportunities to probe large scale intergalactic gas flows outside clusters of galaxies. New radio images of high surface brightness sensitivity at strategically chosen wavelengths of the giant radio galaxy NGC 315 (Mack et al. 1997,1998) reveal significant asymmetries and particularities in the morphology, radio spectrum and polarization of the ejected radio plasma. We argue that the combination of these signatures provides a sensitive probe of an environmental shock wave. Analysis of optical redshifts in NGC 315 vicinity confirms its location to be near, or at a site of large-scale flow collisions in the 100 Mpc sized Pisces-Perseus Supercluster region. NGC 315 resides at the intersection of several galaxy filaments, and its radio plasma serves there as a `weather station' (Burns 1998) probing the flow of the elusive and previously invisible IGM gas. If our interpretation is correct, this is the first indication for a shock wave in flows caused by the cosmological large scale structure formation, which is located in a filament of galaxies. The possibility that the putative shock wave is a source of gamma-rays and ultra high energy cosmic rays is briefly discussed.Comment: accepted by Astrophysical Journal Letters, 4 pages, 3 figures (incl. 2 color), uses emulateapj5.sty (included), aastex.sty (included) and psfig.st

TERT promoter mutation and chromosome 6 loss define a high-risk subtype of ependymoma evolving from posterior fossa subependymoma

Subependymomas are benign tumors characteristically encountered in the posterior fossa of adults that show distinct epigenetic profiles assigned to the molecular group "subependymoma, posterior fossa" (PFSE) of the recently established DNA methylation-based classification of central nervous system tumors. In contrast, most posterior fossa ependymomas exhibit a more aggressive biological behavior and are allocated to the molecular subgroups PFA or PFB. A subset of ependymomas shows epigenetic similarities with subependymomas, but the precise biology of these tumors and their potential relationships remain unknown. We therefore set out to characterize epigenetic traits, mutational profiles, and clinical outcomes of 50 posterior fossa ependymal tumors of the PFSE group. On histo-morphology, these tumors comprised 12 ependymomas, 14 subependymomas and 24 tumors with mixed ependymoma-subependymoma morphology. Mixed ependymoma-subependymoma tumors varied in their extent of ependymoma differentiation (2-95%) but consistently exhibited global epigenetic profiles of the PFSE group. Selective methylome analysis of microdissected tumor components revealed CpG signatures in mixed tumors that coalesce with their pure counterparts. Loss of chr6 (20/50 cases), as well as TERT mutations (21/50 cases), were frequent events enriched in tumors with pure ependymoma morphology (p < 0.001) and confined to areas with ependymoma differentiation in mixed tumors. Clinically, pure ependymoma phenotype, chr6 loss, and TERT mutations were associated with shorter progression-free survival (each p < 0.001). In conclusion, our results suggest that subependymomas may acquire genetic and epigenetic changes throughout tumor evolution giving rise to subclones with ependymoma morphology (resulting in mixed tumors) that eventually overpopulate the subependymoma component (pure PFSE ependymomas)

[(18)F] fluoromisonidazole and [(18)F] fluorodeoxyglucose positron emission tomography in response evaluation after chemo-/radiotherapy of non-small-cell lung cancer: a feasibility study

BACKGROUND: Experimental and clinical evidence suggest that hypoxia in solid tumours reduces their sensitivity to conventional treatment modalities modulating response to ionizing radiation or chemotherapeutic agents. The aim of the present study was to show the feasibility of determining radiotherapeutically relevant hypoxia and early tumour response by ([(18)F] Fluoromisonidazole (FMISO) and [(18)F]-2-fluoro-2'-deoxyglucose (FDG) PET. METHODS: Eight patients with non-small-cell lung cancer underwent PET scans. Tumour tissue oxygenation was measured with FMISO PET, whereas tumour glucose metabolism was measured with FDG PET. All PET studies were carried out with an ECAT EXACT 922/47(® )scanner with an axial field of view of 16.2 cm. FMISO PET consisted of one static scan of the relevant region, performed 180 min after intravenous administration of the tracer. The acquisition and reconstruction parameters were as follows: 30 min emission scanning and 4 min transmission scanning with 68-Ge/68-Ga rod sources. The patients were treated with chemotherapy, consisting of 2 cycles of gemcitabine (1200 mg/m(2)) and vinorelbine (30 mg/m(2)) followed by concurrent radio- (2.0 Gy/d; total dose 66.0 Gy) and chemotherapy with gemcitabine (300–500 mg/m(2)) every two weeks. FMISO PET and FDG PET were performed in all patients 3 days before and 14 days after finishing chemotherapy. RESULTS: FMISO PET allowed for the qualitative and quantitative definition of hypoxic sub-areas which may correspond to a localization of local recurrences. In addition, changes in FMISO and FDG PET measure the early response to therapy, and in this way, may predict freedom from disease, as well as overall survival. CONCLUSION: These preliminary results warrant validation in larger trials. If confirmed, several novel treatment strategies may be considered, including the early use of PET to evaluate the effectiveness of the selected therapy

Apheresis therapies for NMOSD attacks A retrospective study of 207 therapeutic interventions

Objective To analyze whether 1 of the 2 apheresis techniques, therapeutic plasma exchange (PE) or immunoadsorption (IA), is superior in treating neuromyelitis optica spectrum disorder (NMOSD) attacks and to identify predictive factors for complete remission (CR). Methods This retrospective cohort study was based on the registry of the German Neuromyelitis Optica Study Group, a nationwide network established in 2008. It recruited patients with neuromyelitis optica diagnosed according to the 2006 Wingerchuk criteria or with aquaporin-4 (AQP4-ab)-antibody-seropositive NMOSD treated at 6 regional hospitals and 16 tertiary referral centers until March 2013. Besides descriptive data analysis of patient and attack characteristics, generalized estimation equation (GEE) analyses were applied to compare the effectiveness of the 2 apheresis techniques. A GEE model was generated to assess predictors of outcome. Results Two hundred and seven attacks in 105 patients (87% AQP4-ab-antibody seropositive) were treated with at least 1 apheresis therapy. Neither PE nor IA was proven superior in the therapy of NMOSD attacks. CR was only achieved with early apheresis therapy. Strong predictors for CR were the use of apheresis therapy as first-line therapy (OR 12.27, 95% CI: 1.04-144.91, p = 0.047), time from onset of attack to start of therapy in days (OR 0.94, 95% CI: 0.89-0.99, p = 0.014), the presence of AQP4-abantibodies (OR 33.34, 95% CI: 1.76-631.17, p = 0.019), and monofocal attack manifestation (OR 4.71, 95% CI: 1.03-21.62, p = 0.046). Conclusion: s Our findings suggest early use of an apheresis therapy in NMOSD attacks, particularly in AQP4-ab-seropositive patients. No superiority was shown for one of the 2 apheresis techniques

Influence of female sex and fertile age on neuromyelitis optica spectrum disorders

Background: Gender and age at onset are important epidemiological factors influencing prevalence, clinical presentation, and treatment response in autoimmune diseases. Objective: To evaluate the impact of female sex and fertile age on aquaporin-4-antibody (AQP4-ab) status, attack localization, and response to attack treatment in patients with neuromyelitis optica (NMO) and its spectrum disorders (neuromyelitis optica spectrum disorder (NMOSD)). Methods: Female-to-male ratios, diagnosis at last visit (NMO vs NMOSD), attack localization, attack treatment, and outcome were compared according to sex and age at disease or attack onset. Results: A total of 186 NMO/SD patients (82% female) were included. In AQP4-ab-positive patients, female predominance was most pronounced during fertile age (female-to-male ratio 23:1). Female patients were more likely to be positive for AQP4-abs (92% vs 55%;p40years. Conclusion: Our data suggest an influence of sex and age on susceptibility to AQP4-ab-positive NMO/SD. Genetic and hormonal factors might contribute to pathophysiology of NMO/SD