67,606 research outputs found
Conservative accounting and linear information valuation models
Prior research using the residual income valuation model and linear information models has generally found that estimates of firm value are negatively biased. We argue that this could result from the way in which accounting conservatism effects are reflected in such models. We build on the conservative accounting model of Feltham and Ohlson (1995) and the Dechow, Hutton and Sloan (1999) (DHS) methodology to propose a valuation model that includes a conservatism-correction term, based on the properties of past realizations of residual income and other information. Other information is measured using analyst-forecast-based predictions of residual income. We use data comparable to the DHS sample to compare the bias and inaccuracy of value estimates from our model and from models similar to those used by DHS and Myers (1999). Valuation biases are substantially less negative for our model, but valuation inaccuracy is not markedly reduced
Dynamic model of fiber bundles
A realistic continuous-time dynamics for fiber bundles is introduced and
studied both analytically and numerically. The equation of motion reproduces
known stationary-state results in the deterministic limit while the system
under non-vanishing stress always breaks down in the presence of noise.
Revealed in particular is the characteristic time evolution that the system
tends to resist the stress for considerable time, followed by sudden complete
rupture. The critical stress beyond which the complete rupture emerges is also
obtained
Constituent quark model for nuclear stopping in high energy nuclear collisions
We study the nuclear stopping in high energy nuclear collisions using the
constituent quark model. It is assumed that wounded nucleons with different
number of interacted quarks hadronize in different ways. The probabilities of
having such wounded nucleons are evaluated for proton-proton, proton-nucleus
and nucleus-nucleus collisions. After examining our model in proton-proton and
proton-nucleus collisions and fixing the hadronization functions, it is
extended to nucleus-nucleus collisions. It is used to calculate the rapidity
distribution and the rapidity shift of final state protons in nucleus-nucleus
collisions. The computed results are in good agreement with the experimental
data on ^{32}\mbox{S} +\ ^{32}\mbox{S} at AGeV and
^{208}\mbox{Pb} +\ ^{208}\mbox{Pb} at AGeV. Theoretical
predictions are also given for proton rapidity distribution in ^{197}\mbox{Au}
+\ ^{197}\mbox{Au} at AGeV (BNL-RHIC). We predict that the
nearly baryon free region will appear in the midrapidity region and the
rapidity shift is .Comment: 40 pages, 16 Postscript figures, submitted to Phys. Rev.
Planning the digitisation, storage and access of large scale audiovisual archives
This paper presents ongoing work in PrestoSpace on how broadcast archives can plan large-scale, long-term digitization and storage projects. In our approach, carrier decay, technical obsolescence, and rapidly falling costs of mass storage are represented as a series of statistical and predictive models. The models include ongoing migration within a digital archive. The objective is to allow archive managers to investigate the trade-offs between how many items to transfer, the cost of transfer and storage, how long it will take, what quality can be achieved, how much will be lost, and what digital storage solutions to adopt over time. The process and models are based on digitization projects conducted by large broadcast archives that are currently migrating their collections into digital form. Whilst our focus is on broadcast archives, our findings should be readily transferable to other scenarios where there is a need to store large volumes of digital data over long periods of time
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The influence of national culture on the attitude towards mobile recommender systems
This is the post-print version of the final paper published in Technological Forecasting and Social Change. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. Copyright @ 2013 Elsevier B.V.This study aimed to identify factors that influence user attitudes towards mobile recommender systems and to examine how these factors interact with cultural values to affect attitudes towards this technology. Based on the theory of reasoned action, belief factors for mobile recommender systems are identified in three dimensions: functional, contextual, and social. Hypotheses explaining different impacts of cultural values on the factors affecting attitudes were also proposed. The research model was tested based on data collected in China, South Korea, and the United Kingdom. Findings indicate that functional and social factors have significant impacts on user attitudes towards mobile recommender systems. The relationships between belief factors and attitudes are moderated by two cultural values: collectivism and uncertainty avoidance. The theoretical and practical implications of applying theory of reasoned action and innovation diffusion theory to explain the adoption of new technologies in societies with different cultures are also discussed.National Research Foundation
of Korea Grant funded by the Korean governmen
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