1,628 research outputs found
Exponential sums with automatic sequences
We show that automatic sequences are asymptotically orthogonal to periodic
exponentials of type , where is a rational fraction, in the
P\'olya-Vinogradov range. This applies to Kloosterman sums, and may be used to
study solubility of congruence equations over automatic sequences. We obtain
this as consequence of a general result, stating that sums over automatic
sequences can be bounded effectively in terms of two-point correlation sums
over intervals.Comment: 14 page
Cost of capital in an international context: Institutional distance, quality, and dynamics
Cost of debt is a key cognitive anchor for managerial decisions and an important determinant of firm profitability. We extend international management research by analyzing the effects of institutional distance, institutional quality, and their dynamics on the cost of debt in the context of foreign direct investments (FDI). We test our conceptual model on a sample of companies making 3,764 greenfield foreign direct investments from developed into less developed markets. Using hierarchical linear modelling, we show that the financial consequences of internationalizing into countries with weak institutions depend on both the institutional distance between countries, as well as their institutional quality. Furthermore, we find that recent changes in institutional quality form expectations about future development and ultimately influence post investment financing costs
Trojan Horses or Local Allies: Host-country National Managers in Developing Market Subsidiaries
We investigate a multinational corporation's (MNC) decision to appoint host-country national (HCN) managers to foreign subsidiaries based on the institutional context of and familiarity with the host country. HCN managers are commonly associated with specialized knowledge, superior responsiveness, and higher legitimacy. Yet, we argue that local familiarity of HCNs can also be perceived as risky or harmful by MNC parents. We analyze how formal and informal institutions affect the trade-off between positive effects and potential costs associated with HCN managers ("Local allies" vs. "Trojan horses"). We find that legal institutions protect foreign MNCs from potential costs, encourage the use of HCNs and reinforce their benefits. Corruption and corruption distance, however, increase perceived costs associated with HCN managers up to a point at which they outweigh their perceived benefits
Detached house, Prace
PĹ™edmÄ›tem tĂ©to bakalářskĂ© práce je novostavba jednopodlaĹľnĂho částeÄŤnÄ› podsklepenĂ©ho rodinnĂ©ho domu v Praci, kterĂ˝ je pĹ™ilehlĂ˝ k sousednĂmu domu. Jedná se o stavbu s obytnĂ˝m podkrovĂ. DĹŻm je navrĹľen pro bydlenĂ petiÄŤlennĂ© rodiny. Jedná se o rodinnĂ˝ dĹŻm obdelnĂkovĂ©ho pĹŻdorysu, se sedlovou stĹ™echou. Orientace pobytovĂ˝ch mĂstnostĂ je na vĂ˝chodnĂ a západnĂ stranu. Orientace stavby je ovlivnÄ›na pĹ™ilehlĂ˝mi stavbami. SvislĂ© nosnĂ© konstrukce jsou tvoĹ™eny keramickĂ˝mi tvárnicemi. StropnĂ konstrukce je ze keramickĂ©ho stropnĂho systĂ©mu. Projekt byl zpracován pomocĂ poÄŤĂtaÄŤovĂ©ho programu AutoCAD.The subject of this thesis is newly built single-storey brick house from partially in Prace, which is adjacent to a neighboring house. It is a building with a residential attic. The house is designed for housing a family of five . This is a family house rectangular plan with a gabled roof . Orientation residential rooms on the east and west side. Orientation of the building is affected by adjacent buildings . Vertical constructions are made of ceramic bricks and concrete blocks. Ceiling construction is of ceramic ceiling system . The project was prepared by a computer program AutoCAD .
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