BUDGET FORECAST ERRORS AND BUDGET DEVIATION: FINANCIAL CAPABILITY INDEX AS MODERATING VARIABLE

Soft Budget Constraints, Pecuniary Externality, and China’s Financial Dual Track

I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the economic performances of firms. It differs from the existing theoretical framework, à la Dewatripont and Maskin (1995), in the soft budget constraint literature. In this paper, soft budget constraint syndrome arises when firms that are expected to lose money are financed. The pa...

Multi-Armed Bandit with Budget Constraint and Variable Costs

We study the multi-armed bandit problems with budget constraint and variable costs (MAB-BV). In this setting, pulling an arm will receive a random reward together with a random cost, and the objective of an algorithm is to pull a sequence of arms in order to maximize the expected total reward with the costs of pulling those arms complying with a budget constraint. This new setting models many I...

Transparency in Budget and financial performance of Universities of Medical Sciences

Index of Organizations and Funds 2003–04 Governor’s Budget

This Index lists organizations and fund condition statements in alphabetical order. The four-digit organization code represents the number assigned to a department or budget entity in the State Uniform Codes Manual. For ease of reference, budgets are in numerical order in the Governor’s Budget, and the organization code appears at the top of each page. The fund condition statements reflect the ...

The Politics of Budgeting: Evaluating the Effects of the Political Election Cycle on State-level Budget Forecast Errors

Budget forecasts are used by incumbent governments as a political tool to manage the elector particularly during an election cycle (Bruck and Stephan 2006). Incumbents apply budget forecasts strategically. They use short-term forecasts, which are more likely to be unbiased by political factors, annually. They rely on long-term forecasts, which are likely to be biased by political calculations, ...