Search results for " asymmetry."

"Table 1" of "The spin-dependent structure function g1(x) of the deuteron from polarized deep-inelastic muon scattering."

1997

Measurements of the transverse virtual photon asymmetry A2. Statistical errors only.

Effects of Carbon Emissions, Environmental Disclosures and CSR Assurance on Cost of Equity in Emerging Markets

2021

The objective of the paper is to empirically test the relation between carbon emissions, environmental disclosures, assurance of sustainability reports and firms&rsquo

Supplier switching decisions

2007

Abstract In order to maximize profit, a buying firm should continuously search for and access sources which offer more favorable prices. While the literature is replete with works on the formation and development of buyer–supplier relationships, there is surprisingly only scarce research on the termination of such relationships and supplier switching. Using the concept of switching costs in a principal-agent framework, we at first analyze whether a firm switches the entire or a partial quantity to an alternative supplier when there is either symmetric or asymmetric information about the alternative supplier’s cost structure. Information asymmetry results in inert supplier switching decision…

Information asymmetry in the agri-food sector and territorial marks: The case of the olive oil Val di Mazara PDO

2022

This article analyzes the importance of information in the agri-food market, since the presence of information asymmetry favors market failure. This analysis ex-amines the information asymmetry in the agri-food market and its geographical brands, PDO and PGI, focusing on the Sicilian oil sector of the olive oil Val di Mazara PDO. A quality product has specific organoleptic characteristics that give it flavors, fragrances and various nutritional properties. To protect this, there are the brands that are essential to avoid that between sellers and consumers there is information asymmetry and consequently the failure of the market. In fact, through this analysis are examined the evolution of t…

Information processing in the stock market around anticipated accounting information: earnings release

2012

Earnings announcements are anticipated events with significant price impacts. This fact can motivate informed traders to trade on private information and liquidity providers to reduce liquidity in order to be careful about insider trading. In this paper, we examine the effect of earnings announcements on information asymmetry. Specifically, we investigate whether liquidity suppliers value the possibility of trading with informed agents and whether market behaviour reflects this. To achieve this objective, we take into account the sign of the surprise, the quarter of the announcement, the quantity of previous information and the quality of the information released. One of the main results of…

The Underpricing of Spanish REITs When Going Public

2019

This study analyses underpricing in a sample of 41 Real Estate Investment Trusts (REITs) from the Spanish market between November 2013 and January 2019. The results show a significant underpricing on the initial-day (either when we compute raw or market-adjusted initial returns) concentrated in the primary market. Besides, price adjustment continues until the third day as we find significant raw and market-adjusted buy-and-hold returns. This underpricing is not accounted for by the theories of information asymmetry but instead by some signalling theories related to capital structure, by the pre-listing stock market conditions and by the peculiarities of the market analysed.

Internet Cafés in Asia and Africa – Venues for Education and Learning?

2007

ABSTRACT
 This paper examines the use of Internet cafés in two developing countries; Indonesia and Tanzania. The research is based on surveys of about 500 respondents in the two countries, supported by in-depth interviews. The findings show that Internet cafés are used for competence development today, and that they have the potential to be suitable arenas for human resource development for a wide range of users. For the users, access speed and price are important obstacles to increased use. More research is needed to see how Internet cafés can attract new user-groups to help reduce the digital divide within a developing country.

Managerial Behavior in the Lab: Information Disclosure, Decision Process and Leadership Style

2019

This paper reports the results from a lab experiment in which subjects playing the manager role can implement either an efficient / inegalitarian allocation or an inefficient / egalitarian allocation of payoffs. The experiment simulates a stylized managerial context by allowing the manager to manipulate information and select the decision process and by allowing the stakeholders to retaliate against the manager given different choices in the decision process. We found that the inefficient allocation is often selected and that this choice depends on whether the employees can retaliate against the manager and on whether the manager can hide information about the payoffs. The social preference…

2019

Aims To report corneal topometric and aberrometric values in mucopolysaccharidosis (MPS) and to investigate their correlation with biomechanical corneal parameters. Methods One randomly chosen eye of 20 MPS patients with no to moderate corneal clouding and one eye of 23 healthy controls with comparable age were prospectively included into this study. Corneal surface regularity was assessed by index of surface variance (ISV), -vertical asymmetry (IVA), -height asymmetry (IHA), -height decentration (IHD); keratoconus index (KI), central keratoconus index (CKI) and Zernike indices of anterior and posterior corneal surface using Scheimpflug imaging (Pentacam). Corneal resistance factor (CRF) an…

Transcranial direct current stimulation over left and right DLPFC: Lateralized effects on planning performance and related eye movements.

2014

Left and right dorsolateral prefrontal cortex (dlPFC) were recently found to be differentially affected by unilateral continuous theta-burst stimulation, reflected in an oppositional alteration of initial thinking time (ITT) in the Tower of London planning task. Here, we further explored this finding using bilateral transcranial direct current stimulation (tDCS) and simultaneous tracking of eye movements. Results revealed a decrease in ITT during concurrent cathodal tDCS of left dlPFC and anodal tDCS of right dlPFC. Eye-movement analyses showed that this facilitating tDCS effect was associated with the actual planning phase, thus reflecting a planning-specific impact of stimulation. For the…