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Short Constraints Are Persistent Constraints


Short Constraints Are Persistent Constraints
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Short Constraints Are Persistent Constraints


Short Constraints Are Persistent Constraints
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Author : Jesse Blocher
language : en
Publisher:
Release Date : 2018

Short Constraints Are Persistent Constraints written by Jesse Blocher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.


Short selling constraints predict negative stock returns at the monthly frequency, but is it a monthly phenomenon? We show that short selling constraints are persistent, lasting nine months on average, and therefore measured subsequent negative returns cannot be due primarily to an easing of these constraints. Instead, negative returns from short constrained stocks result primarily because stock owners sell the constrained stock. Many common measures of short selling constraints in the literature actually measure persistent short selling constraints. 43.6% of all traded firms experience a persistent short-selling constraint episode lasting at least two months. Because persistent stock overpricing is predictable over long periods of time, CEOs and other insiders may be able to exploit it more easily.



The Soft Budget Constraint The Emergence Persistence And Logic Of An Institution


The Soft Budget Constraint The Emergence Persistence And Logic Of An Institution
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Author : Gun Eriksson Skoog
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-18

The Soft Budget Constraint The Emergence Persistence And Logic Of An Institution written by Gun Eriksson Skoog and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-18 with Business & Economics categories.


This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget constraint is suggested. This introductory chapter presents an argument showing why this story is worth telling. It discusses the research topic and how the problem it presents is attacked. THE SOFT BUDGET CONSTRAINT The soft budget constraint is today a popular metaphor. Originally it was seen as a characteristic of the socialist system. It refers to the tendency of primarily state-owned enterprises to have their liquidity gaps or losses accommodated by the state, or some other external funding body, and to the resulting expectations of such bail-out. The concept was coined by the Hungarian economist Hmos Kornai. ' He distinguishes between four major forms of external financial assistance that contribute to the soft budget constraint: soft subsidies, soft taxation, soft credit and soft 2 administrative pricing.



Constraints And Solutions For Energy And Electricity Development


Constraints And Solutions For Energy And Electricity Development
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Author : Zhixuan Wang
language : en
Publisher: Springer
Release Date : 2018-09-17

Constraints And Solutions For Energy And Electricity Development written by Zhixuan Wang and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-17 with Business & Economics categories.


This book primarily focuses on constraints and solutions for energy and electric power development. On the basis of analyses, proposes a planning index system including 26 binding indicators and the breaking constraints measures. Offering significant insights and proposals concerning the current status of energy development and the key limiting factors to sustainable energy development in China, it is a valuable resource for policy-makers, managers and researchers in the energy sector.



Integration Of Ai And Or Techniques In Constraint Programming


Integration Of Ai And Or Techniques In Constraint Programming
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Author : Claude-Guy Quimper
language : en
Publisher: Springer
Release Date : 2016-05-12

Integration Of Ai And Or Techniques In Constraint Programming written by Claude-Guy Quimper and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-12 with Computers categories.


This book constitutes the proceedings of the 13th International Conference on Integration of Artificial Intelligence and Operations Research Techniques in Constraint Programming for Combinatorial Optimization Problems, CPAIOR 2016, held in Banff, Canada, in May/June 2016. The 21 full papers presented together with 8 short papers were carefully reviewed and selected from 51 submissions. The conference brings together interested researchers from constraint programming, artificial intelligence, and operations research to present new techniques or applications in combinatorial optimization and provides an opportunity for researchers in one area to learn about techniques in the others, and to show how the integration of techniques from different fields can lead to interesting results on large and complex problems.



Principles And Practice Of Constraint Programming


Principles And Practice Of Constraint Programming
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Author : Alan H. Borning
language : en
Publisher: Springer Science & Business Media
Release Date : 1994-10-12

Principles And Practice Of Constraint Programming written by Alan H. Borning and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-10-12 with Computers categories.


This volume is the proceedings of the Second International Workshop on the Principles and Practice of Constraint Programming, held at Rosario, Orcas Island, Washington, USA in May 1994 in cooperation with AAAI and ALP. The volume contains 27 full revised papers selected from 87 submissions as well as a summary of a panel session on commercial applications of constraint programming. The contributions cover a broad range of topics including constraint programming languages, algorithms for constraint satisfaction and entailment, and constraints and their relation to fields such as artificial intelligence, databases, operations research, problem solving, and user interfaces.



Development Expenditures And The Local Financing Constraint


Development Expenditures And The Local Financing Constraint
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Author : Albert D. K. Agbonyitor
language : en
Publisher: World Bank Publications
Release Date : 1998

Development Expenditures And The Local Financing Constraint written by Albert D. K. Agbonyitor and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Ayuda al desarrollo categories.


April 1998 The inadequacy of local funds is a major financing problem in most low-income economies. It is undercutting the absorption of aid and the sustainability of development projects. Focusing on the local financing constraint sheds new light on issues of aid, fiscal reform, and the management of public spending. The fungibility of aid need not translate into resource flows to fill the local financing gap. Indeed, project aid can widen the local financing gap. To augment direct local financing of development, aid must be nonproject aid that can generate local currency. In the longer term, project aid's effect on local financing lies in its impact on growth and on expanding the base for tax revenues, seigniorage, and borrowing. When inadequate local financing limits project implementation and effective use of aid, local currency funds are more valuable than project aid, at the margin-and it becomes important to reallocate local funds, to leverage project aid, and to raise the quality of investment projects. A persistent gap in local financing complicates programs of fiscal reform. For such programs to be effective, the local financing gap has to be confronted directly by matching planned local fund expenditures against expected local fund receipts. This requires a transparent database to develop indicators and to monitor the allocation and use of local resources. This paper-a product of the Macroeconomics Division II, Eastern Africa Department-is part of a larger effort in the department to understand the effectiveness of development expenditures.



Public Investment Growth And Fiscal Constraints


Public Investment Growth And Fiscal Constraints
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Author : Massimo Florio
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

Public Investment Growth And Fiscal Constraints written by Massimo Florio and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.


This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union. It provides new data, policy evaluation, and offers national and regional perspectives. The core research questions are the effect of public investment in the context of macroeconomic disequilibrium and how it is possible to finance capital accumulation in the present and future conditions of mounting public sector debt. The contributors reveal that there is now a convincing case for public investment as an essential driver of convergence and growth in Europe. However, a new international and inter-generational fiscal pact to frame a more optimistic view of the role of government is needed. This book explores how public investment matters for growth, how fiscal conditions may support investment, and the role EU regional policy can have in terms of structural change and investment needs. Public Investment, Growth and Fiscal Constraints provides new data analyses on the EU New Member States in Central and Eastern Europe making it an essential tool for academics, students and practitioners interested in public finance and European Economics. The structural and public finance issues in these former transition economies raised in this book will also strongly appeal to policymakers, officials and consultants. The book is based on an independent research project of the University of Milan, supported by the European Investment Bank.



External Imbalances And Policy Constraints In The 1990s


External Imbalances And Policy Constraints In The 1990s
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Author : Chris Milner
language : en
Publisher: Springer
Release Date : 1992-12-01

External Imbalances And Policy Constraints In The 1990s written by Chris Milner and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-12-01 with Business & Economics categories.


Reconsiders the current account in the context of integrated world capital markets. The case of the UK receives particular emphasis with financing and competitiveness issues fully appraised.



Wireless Sensor Networks


Wireless Sensor Networks
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Author : Jorge Sá Silva
language : en
Publisher: Springer
Release Date : 2010-02-05

Wireless Sensor Networks written by Jorge Sá Silva and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-05 with Computers categories.


It is our great pleasure to present the proceedings of the European Conference on Wireless Sensor Networks 2010 (EWSN 2010). As the field of wireless sensor networks matures, new design concepts, experim- tal and theoretical findings, and applications have continued to emerge at a rapid pace. As one of the leading international conferences in this area, EWSN has played a s- stantial role in the dissemination of innovative research ideas from researchers all over the globe. EWSN 2010 was organized by the University of Coimbra, Portugal, during February 17–19, 2010 and it was the seventh meeting in this series. Previous events were held in Berlin (Germany) in 2004, Istanbul (Turkey) in 2005, Zurich (Switz- land) in 2006, Delft (The Netherlands) in 2007, and Cork (Ireland) in 2009. A high-quality selection of papers made up EWSN 2010. Based on the reviews and the recommendations from the four live TPC discussions, we selected a total of 21 papers from 109 submissions (19.26% acceptance rate) for EWSN 2010. Topics of interest included hardware design and implementation, operating systems and so- ware, middleware and macroprogramming, communication and network protocols, information and signal processing, fundamental theoretical limits and algorithms, prototypes, field experiments, testbeds, novel applications, including urban sensing, security and fault-tolerance. Putting together EWSN 2010 was a team effort. We would like to thank the P- gram Committee members, the reviewers, our sponsors, all authors, and the Organ- ing Committee for their respective contributions.



Isotopic Constraints On Earth System Processes


Isotopic Constraints On Earth System Processes
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Author : Kenneth W. W. Sims
language : en
Publisher: John Wiley & Sons
Release Date : 2022-06-01

Isotopic Constraints On Earth System Processes written by Kenneth W. W. Sims and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-01 with Science categories.


Using isotopes as a tool for understanding Earth processes From establishing the absolute age of the Earth to providing a stronger understanding of the nexus between geology and life, the careful measurement and quantitative interpretation of minor variations in the isotopic composition of Earth’s materials has provided profound insight into the origins and workings of our planet. Isotopic Constraints on Earth System Processes presents examples of the application of numerous different isotope systems to address a wide range of topical problems in Earth system science. Volume highlights include: examination of the natural fractionation of non-traditional stable isotopes utilizing isotopes to understand the origin of magmas and evolution of volcanic systems application of isotopes to interrogate and understand Earth’s Carbon and Oxygen cycles examination of the geochemical and hydrologic processes that lead to isotopic fractionation application of isotopic reactive transport models to decipher hydrologic and biogeochemical processes The American Geophysical Union promotes discovery in Earth and space science for the benefit of humanity. Its publications disseminate scientific knowledge and provide resources for researchers, students, and professionals.