منابع مشابه
Windfalls and pitfalls
Association mapping can be viewed as an application of population genetics and evolutionary biology to the problem of identifying genes causally connected to phenotypes. However, some population-genetic principles important to the design and analysis of association studies have not been widely understood or have even been generally misunderstood. Some of these principles underlie techniques tha...
متن کاملThe distorting effects of acquisitions and dispositions on net operating cash flow
The cash flow statement is the third principal financial statement in a corporate financial report. It presents the cash inflows and outflows for the period, together with certain net cash flow subtotals, foremost being net cash flow from operating activities (henceforth NCFO). Under the cash flow statement classification rules of both the Financial Accounting Standards Board (FASB Statement No...
متن کاملGambler’s Ruin with Catastrophes and Windfalls
We compute ruin probabilities, in both infinite-time and finite-time, for a Gambler’s Ruin problem with both catastrophes and windfalls in addition to the customary win/loss probabilities. For constant transition probabilities, the infinite-time ruin probabilities are derived using difference equations. Finite-time ruin probabilities of a system having constant win/loss probabilities and variab...
متن کاملStates’ responses to shortfalls and windfalls
The ability of voters to monitor government officials is complicated by the large changes in government spending caused by the business cycle. Voters may be uncertain about the cumulative effect of changes in spending that occur over several years, and thus budget allocations may be different from voters’ ideal. For the years 1989 through 2006, we examine states’ responses to revenue shocks, wh...
متن کاملHousing Windfalls and Intergenerational Transfers in China
In this paper, we study the impact of housing reform and the rapid development of the housing market in China on intergenerational transfers and elderly well-being. During the 1990s, the Chinese government gave property rights to many urban residents who had been allocated housing by their danwei employers. These unexpected windfalls were substantial in size, and grew with the rapid increase in...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2018
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2018.02.009