industry. I consider economic context as well as the conservative accounting treatment of research and development investments as the major determinants of cross-sectional differences in market-to-book ratios. Investors are often concerned that the conservative accounting

of doctoral thesis July 1997 Branch: F10 - Nuclear Physics Matematicko-fyzik'aln'i fakulta Universita Karlova Praha Nukle'arn'i centrum Meren'i spinove z'avisl'ych ' ucinn'ych prurezu \Deltaoe T a \Deltaoe L v rozptylu neutronu na protonech pri energii 16 MeV Zdenek Dolezal Autorefer'at doktorandsk'e disertacn'i pr'ace Cervenec 1997 Obor: F10 - Jadern'a fyzika V'ysledky tvor'ic'i disertaci byly z'isk'any behem extern'iho doktorandsk'eho studia na matematicko-fyzik'aln'i fakulte UK v Praze v letech 1993--1997. Disertant: RNDr. Zdenek Dolezal Nukle'arn'i centrum MFF UK V Holesovick'ach 2 180 00 Praha 8 Skolitel: Doc. Ing. Ivan Wilhelm, CSc. Nukle'arn'i centrum MFF UK V Holesovick'ach 2 180 00 Praha 8 Skol'ic'i pracoviste: Nukle'arn'i centrum MFF UK Oponenti: RNDr. Pavel B'em, CSc. ' Ustav jadern'e fyziky AV CR Rez u Prahy Prof. Ing. Zdenek Janout, CSc. Fakulta jadern'a a fyzik'alne inzen'yrsk'a CVUT Praha 1 Autorefer'at byl rozesl'an dne: Obhajoba disertace se kon'a dne 9.10.19...

A central economic idea is that an asset’s risk premium is determined by its ability to insure against fluctuations in consumption (i.e., by the consumption beta). Cross-sectional differences in consumption betas mirror differences in the exposure of the asset’s dividends to aggregate consumption

in the level of financial development. Using both traditional cross-section, instrumental variable procedures and recent dynamic panel techniques, we find that the exogenous components of financial intermediary development is positively associated with economic growth. Also, the data show that cross

the representative-agent framework is the existence of uninsurable idiosyncratic risk, displays far less cross-sectional dispersion [Journal of Political Economy, 1998, vol. 106, no. 5] © 1998 by The University of Chicago. All rights reserved. 0022-3808/98/0605-0003$02.50 867 868 journal of political economy

class written in Java into one of a finite set of groups. A detailed description on how we enumerated all the possible groups of Java classes is also provided. Using TaxTOOLJ (a Taxonomy Tool for the Object-Oriented Language Java) we cataloged over 155k classes from a cross-section of Java applications

this paper with an empirical investigation into some of the risk factors and demographic variables that might explain these cross-sectional differences in portfolio composition. A number of previous studies have focused on the level and variability of wage income growth as one of the largest

. In this paper we propose a simple alternative where the standard ADF regressions are augmented with the cross section averages of lagged levels and first-differences of the individual series. New asymptotic results are obtained both for the individual cross sectionally augmented ADF (CADF) statistics

cross-section difference ∆σT in neutron-proton scattering at 16 MeV

. Using a panel of manufacturing firms in the Cote d'Ivoire. this paper measures changing profit margins and productivity following a 1985 trade reform. The paper also exploits cross-section differences in protection. using data on tariffs and import penetration. Ignoring the impact of liberalization