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The Determinants of Credit Spread Changes.

by Pierre Collin-Dufresne , Robert S Goldstein , J Spencer Martin , Gurdip Bakshi , Greg Bauer , Dave Brown , Francesca Carrieri , Peter Christoffersen , Susan Christoffersen , Greg Duffee , Darrell Duffie , Vihang Errunza , Gifford Fong , Mike Gallmeyer , Laurent Gauthier , Rick Green , John Griffin , Jean Helwege , Kris Jacobs , Chris Jones , Andrew Karolyi , Dilip Madan , David Mauer , Erwan Morellec , Federico Nardari , N R Prabhala , Tony Sanders , Sergei Sarkissian , Bill Schwert , Ken Singleton , Chester Spatt , René Stulz - Journal of Finance , 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract - Cited by 422 (2 self) - Add to MetaCart
, Stanton, and Whitelaw (1997), who find that a 3-factor model explains over 90 percent of Ginnie Mae yields, but that the remaining variation apparently cannot be explained by the changes in the yield curve. 2 In contrast, our multiple-factor model explains only about one-quarter of the variation in credit

Behavioral theories and the neurophysiology of reward,

by Wolfram Schultz - Annu. Rev. Psychol. , 2006
"... ■ Abstract The functions of rewards are based primarily on their effects on behavior and are less directly governed by the physics and chemistry of input events as in sensory systems. Therefore, the investigation of neural mechanisms underlying reward functions requires behavioral theories that can ..."
Abstract - Cited by 187 (0 self) - Add to MetaCart
an additional means to investigate the kinds of information contained in the representations evoked by CSs. Time apparently plays a major role in behavioral learning, as demonstrated by the unblocking effects of temporal variations of reinforcement The uncertainty of reward is a major factor for generating

Self-determination and persistence in a real-life setting: Toward a motivational model of high school dropout.

by Robert J Vallerand , Michelle S Fbrtier , Frederic Guay - Journal of Personality and Social Psychology, , 1997
"... The purpose of this study was to propose and test a motivational model of high school dropout. The model posits that teachers, parents, and the school administration's behaviors toward students influence students' perceptions of competence and autonomy. The less autonomy supportive the so ..."
Abstract - Cited by 183 (19 self) - Add to MetaCart
Manpower and Immigration, 1990) and in the United States A survey of research on high school dropout reveals that one factor in a student's decision to drop out of school may be motivation (see Preparation of this article was facilitated through a grant and a doctoral fellowship from the Social

Whom You Know Matters: Venture Capital Networks and Investment Performance,

by Yael Hochberg , Alexander Ljungqvist , Yang Lu , Steve Drucker , Jan Eberly , Eric Green , Yaniv Grinstein , Josh Lerner , Laura Lindsey , Max Maksimovic , Roni Michaely , Maureen O'hara , Ludo Phalippou Mitch Petersen , Jesper Sorensen , Per Strömberg Morten Sorensen , Yael Hochberg , Johnson - Journal of Finance , 2007
"... Abstract Many financial markets are characterized by strong relationships and networks, rather than arm's-length, spot-market transactions. We examine the performance consequences of this organizational choice in the context of relationships established when VCs syndicate portfolio company inv ..."
Abstract - Cited by 138 (8 self) - Add to MetaCart
in their clout, investment opportunity sets, access to information, etc. In this study, we ask whether these differences help explain the cross-section of VC investment performance. We focus on the co-investment networks that VC syndication gives rise to, and leave the other two main networks VCs use (involving

UTR-CTOE: A New Paradigm Explaining CAATs Adoption Prachitee Ramhit

by Mootooganagen Ramen , Bhavish Jugurnath , Mauritius Barclays Bank
"... Computer assisted audit techniques (CAATs) are audit technologies that allow auditors to perform their audit work efficiently and effectively. However, little is known about CAATs adoption process by audit firms. Therefore, this paper adapts the technology readiness theory (TRI), the unified theory ..."
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the need for computer assisted audit techniques (CAATs) to allow auditors to be able to perform their review and monitor tasks effectively, as well as, to play key roles in the process of innovation in those businesses more generally. Problem Background Nowadays, as many businesses at present use

Bringing Context and Variability Back in to Causal Analysis Bringing Context and Variability Back in to Causal Analysis A New Methodology of Causal Graphs

by Dynarski Angrist , Kane
"... The methodology of causal analysis in the social sciences is often divided into two ideal type research scenarios: experimental social science and observational social science. For experimental social science, the researcher can manipulate the cause of interest. The most common research design is o ..."
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¤ects or to the context in which the experiment is conducted. 1 For observational social science, the analyst cannot manipulate the cause through intervention because some process outside of the analyst's control determines the pattern of causal exposure. To develop causal assertions, the analyst must adopt a model

Cultural Biases in Economic Exchange",

by Luigi Guiso , Paola Sapienza , Luigi Zingales , Franklin Allen , Marianne Baxter , Patricia Ledesma , Mitchell Petersen , Andrei Shleifer , Rene Stulz , Samuel Thompson , 2004
"... Abstract How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust European citizens have for citizens of other countries. First, we document that this trust is affected not only by objective characteristics of the country being trusted, but al ..."
Abstract - Cited by 57 (4 self) - Add to MetaCart
, and the commonality in religion and in ethnic origin), which are also the drivers of stereotypes. Since these factors are unlikely to have been driven by recent trade or investment flows, we can exclude the reverse causality question. In fact, to be sure, we drop the wars during the last 200 years, the ones

A Business Ethics Perspective on Sarbanes-Oxley and the Organizational Sentencing Guidelines

by David Hess , 1781
"... This Article assesses the ability of Sarbanes-Oxley and other recent changes in the law and stock exchange listing requirements to reduce the incidence of fraud and to increase the reporting of financial misconduct. It begins by examining the individual decision-makers within a corporation and anal ..."
Abstract - Cited by 4 (0 self) - Add to MetaCart
widely tested theory from the field of social psychology. It is a parsimonious model but has significant power in explaining variations in intentions. The simplicity of the model also makes it useful for understanding and explaining the various studies that have been conducted on ethical behavior

Effects of Task Autonomy on Performance: An Extended Model Considering Motivational, Informational, and Structural Mechanisms,

by Claus W Langfred , Neta A Moye - Journal of Applied Psychology, , 2004
"... A model explaining the relationship between task autonomy and performance is proposed that incorporates 3 different causal mechanisms. The performance benefits of task autonomy may be realized by increased motivation (motivational mechanisms), by capitalization of information asymmetries (informati ..."
Abstract - Cited by 15 (0 self) - Add to MetaCart
, there is empirical support for the relationship between task autonomy and performance We believe it would be beneficial to develop a comprehensive model of the causal linkages between individual task autonomy and performance and to explore multiple mechanisms or processes that explain how task autonomy influences

The process chain for peptidomic biomarker discovery. Dis

by Michael Schrader , Hartmut Selle - Markers , 2006
"... Abstract. Over the last few years the interest in diagnostic markers for specific diseases has increased continuously. It is expected that they not only improve a patient's medical treatment but also contribute to accelerating the process of drug development. This demand for new biomarkers is ..."
Abstract - Cited by 3 (0 self) - Add to MetaCart
. The risk factors for a disease might be defined genetically, but the development of a diseased state mostly does not involve changes in the genome itself. Changes occur usually downstream in regulatory processes like gene expression, protein synthesis and processing The new possibilities of mass
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