We propose a novel method for interactive editing of motion data based on motion decomposition. Our method employs Independent Component Analysis (ICA) to separate motion data into visually meaningful components called style components. The user then interactively identifies suitable style components and manipulates them based on a proposed set of operations. In particular, the user can transfe...

We study the effect of the mandatory adoption of IFRS in Europe in 2005 on conditional conservatism. To capture conditional conservatism, we use three measures: the Basu (1997) measure, the Khan and Watts (2009) measure, and a measure controlling for potential shifts in unconditional conservatism and cost of capital after the adoption of IFRS. From a sample of 7,251 firm-year observations drawn...

Recently, the major U.S. music and movie companies have pursued a dramatic renovation in their approach to copyright enforcement. This shift, from the ‘code’ of law to the ‘code’ of software, looks to technologies themselves to regulate or make unavailable those uses of content traditionally handled through law. Critics worry about the ‘compliance’ rules built into such systems: design mandates...

The ratio of total household debt to aggregate personal income in the United States has risen from an average of 0.6 in the 1980s to an average of 1.0 so far this decade. In this paper we explore the causes and consequences of this dramatic increase. Demographic shifts, house price increases and fi nancial innovation all appear to have contributed to the rise. Households have become more expose...

This paper develops a model of financial institutions that borrow short term and invest in longterm assets that can be traded in frictionless markets. Because these financial intermediaries perform maturity transformation, they are subject to potential runs. We derive distinct liquidity, collateral, and asset liquidation constraints, which determine whether a run can occur as a result of changi...

In this work we prove the generic simplicity of the spectrum of the clamped plate equation in a bounded regular domain of Rd. That is, given Ω ⊂ Rd, we show that there exists an arbitrarily small deformation of the domain u, such that all the eigenvalues of the plate system in the deformed domain Ω + u are simple. To prove this result we first prove a nonstandard unique continuation property fo...

We examine the holography bound suggested by Bousso in his covariant entropy conjecture, and argue that it is violated because his notion of light sheet is too generous. We suggest its replacement by a weaker bound.

South Africa is an important country within the continent of Africa. Its full adoption of International Financial Reporting Standards (IFRS) in 2005 for listed firms is unique. In this paper, I study the effects of IFRS adoption on accounting quality. I define accounting quality as earnings quality and value relevance, and hypothesize that both will increase post IFRS adoption. In a variety of ...