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1.
In this paper, progressive stress accelerated life tests are considered when the lifetime of a product under use condition
follows a finite mixture of distributions. The experiment is performed when each of the components in the mixture follows
a general class of distributions which includes, among others, the Weibull, compound Weibull, power function, Gompertz and
compound Gompertz distributions. It is assumed that the scale parameter of each component satisfies the inverse power low,
the progressive stress is directly proportional to time and the cumulative exposure model for the effect of changing stress
holds. Based on type-I censoring, the maximum likelihood estimates (MLEs) of the parameters under consideration are obtained.
A special attention is paid to a mixture of two Rayleigh components. Simulation results are carried out to study the precision
of the MLEs and to obtain confidence intervals for the parameters involved. 相似文献
2.
Guglielmo Maria Caporale Peter Howells Alaa M. Soliman 《Review of Development Economics》2005,9(2):166-176
This paper re‐examines the relationship between stock market development and economic growth. It provides a theoretical basis for establishing the channel through which stock markets affect economic growth in the long run. It examines the hypothesis of endogenous growth models that financial development causes higher growth through its influence on the level of investment and its productivity. The empirical part of this study exploits techniques recently developed to test for causality in VARs. The evidence obtained from a sample of four countries suggests that investment productivity is the channel through which stock market development enhances the growth rate in the long run. 相似文献
3.
Using the big six Canadian chartered banks quarterly financial statements and daily stock market data from 1982 to 2018, we examine the impact of non-interest income on Canadian banks’ risk, performance and capital under the different major regulatory changes made to the Bank Act of Canada. Our results show that Canadian banks’ expansion into non-traditional activities had slightly decreased their risks and significantly improved their performance benefitting from income diversification. Moreover, while adhering to capital adequacy regulation, reshuffling banks’ portfolio towards non-traditional activities did not reduce Canadian banks’ capital ratio. In spite of the re-regulation towards universal banking against ring-fencing, this feature buttresses the effectiveness of capital adequacy regulation in Canada in linking banks capital allocation with their risk taking. 相似文献
4.
Alaa El‐Shazly 《Managerial and Decision Economics》2012,33(1):29-38
This article analyses the strategic moves of governments and investors under privatization programs in a game‐theoretic context. In sequential‐move games of both perfect information and incomplete information, the best response of the strategic investors to observing a slow pace of privatization is to have a low participation in economic activity because of concerns over public policy credibility. This is true even if the government chooses to randomize its action to send mixed signals to the investors while adopting a slow pace of privatization for budgetary reasons. However, the outcome is Pareto inferior to a situation of phased but fast implementation of privatization programs and high private‐sector participation under plausible assumptions. Copyright © 2011 John Wiley & Sons, Ltd. 相似文献
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Agricultural index insurance indemnifies a farmer against losses based on an index that is correlated with, but not identical to, her or his individual outcomes. In practice, the level of correlation may be modest, exposing insured farmers to residual, basis risk. In this article, we study the impact of basis risk on the demand for index insurance under risk and compound risk aversion. We simulate the impact of basis risk on the demand for index insurance by Malian cotton farmers using data from field experiments that reveal the distributions of risk and compound risk aversion. The analysis shows that compound risk aversion depresses demand for a conventional index insurance contract some 13 percentage points below what would be predicted based on risk aversion alone. We then analyze an innovative multiscale index insurance contract that reduces basis risk relative to conventional, single‐scale index insurance contract. Simulations indicate that demand for this multiscale contract would be some 40% higher than the demand for an equivalently priced conventional contract in the population of Malian cotton farmers. Finally, we report and discuss the actual uptake of a multiscale contract introduced in Mali. 相似文献
7.
Owusu Andrews Zalata Alaa Mansour Omoteso Kamil Elamer Ahmed A. 《Journal of Business Ethics》2022,175(4):815-836
Journal of Business Ethics - Prior research suggests that the presence of high-quality auditors (i.e. proxied by audit firm characteristics) constrains accrual-based earnings management, but it... 相似文献
8.
This paper identifies, evaluates and analyses the resulting impact of mandatory expensing of share‐based compensation (SBC) under IFRS2/FASB123R on a set of widely used performance measures in the EU and US banking industry. The paper shows that the accounting treatment of SBC schemes, following the mandatory adoption of IFRS2/FAS123R, has a statistically significant negative impact on the selected performance measures over the period 2004–11. The impact also seems to be material, yet modest, for US banks and only for large and high‐growth EU banks, indicating that earlier public concerns and criticisms of the implementation of IFRS2/FAS123R are largely unsubstantiated. The findings also show that banks continue to use SBC, but there is a reduction, albeit insignificant, in the recognised SBC expense over the period 2009–11. That is, earlier public concerns that firms would curtail employing SBC in their employees’ compensation schemes to avoid the effect of SBC expense recognition on their financial ratios came to light after the first option life‐cycle in the post‐adoption period was over. The findings also show a marked movement towards using cash‐settled‐based payments, possibly due to their manipulative accounting treatment, a potentially interesting issue for related accounting research and accounting standard setters. 相似文献
9.
Michael Savvas Ghada El‐Kot Eugene Sadler‐Smith 《International Journal of Training and Development》2001,5(1):64-73
Cognitive style has been described as consistent individual differences in the organising and processing of information. It is has been argued that it is an important factor in managerial learning and cognition. A number of authors have suggested that groups from different national cultures are likely to exhibit style differences and that this has important implications for management training and development. In the present study, which employed closely matched samples of business and management undergraduates from Egypt, Greece and the UK, there were no statistically significant differences in style. However, in post‐graduate samples from Egypt, Hong Kong and the UK that were less closely matched, statistically significant differences were observed. Comparison of these data with those from other studies suggests that amongst under‐graduates from a variety of national cultures there do not appear to be significant differences in style. Among post‐graduates and managers the picture that emerges was more equivocal and the extent to which any observed differences are artefacts of sampling and method remains unclear. The implications of the findings for style theory and management education, training and development are discussed. 相似文献
10.
Mohammed El-Dief Ghada El-Dief 《Journal of Human Resources in Hospitality & Tourism》2019,18(1):93-121
Little is known about the factors underlying students’ commitment to career choices in the hospitality industry in non-western contexts. This research explores the drivers of commitment to career choice among undergraduates studying hospitality in Saudi Arabia. Employing the Social Cognitive Career Theory, this research examines commitment to hospitality career against personal and contextual variables, together with two control variables of (i.e., “year of study” and “industry experience”), expected to influence students’ career decisions. From a valid sample of 227 students, it was found that “self-interest,” “outcome expectations,” “the nature of working environment,” “the nature of working day,” “nepotism (wasta),” “industry experience,” and “year of study” were the best predictors of students’ commitment to career choice; in contrary, “social status” and localization (saudization) of workforce were not significant determinants. Implications of the findings and avenues for future research are also discussed. 相似文献