We model financial market liquidity as provided by financially constrained arbitrageurs. Market liquidity increases with the level of arbitrage capital, i.e., internal and external capital arbitrageurs can access frictionlessly. We show that liquidity dry-ups follow periods of low returns of arbitrageurs’ risky investment opportunities, and that liquidity is correlated across markets. A welfare...

Technological innovations such as high frequency trading systems (HFT) and algorithmic trading systems have changed financial markets. We discuss technological and economic aspects of HFT and find that HFT have a major impact on all aspects of the internal market structure of exchanges. We use market quality measures on a unique dataset provided by NASDAQ in order to analyze the contribution of...

Various studies have shown that the external focus of attention is better than the internal focus of attention. But, so far no study has been investigated the level of electrical activity of the rectus abdominus muscle as a trunk stabilizer muscle. Therefore, the purpose of this study was to investigate the effect of focus of attention on electromyography activity of the rectus abdominus muscle...

The increasing mobility of technical and managerial personnel across firms. This paper explains the Open Innovation approach to managing innovation, with particular emphasis on the use of platform technologies in the Information Technology (IT) sector and, more specifically, on the personal computer industry. Platforms provide an architecture to combine internal and external innovations in ways...

Introduction: Cleaner productions in textile industry is achieved by reducing water and chemicals’ consumption, saving energy, reducing production of air pollution and solid wastes, reducing toxicity and noise pollution through many solutions. The purpose of the present research was to apply Strengths, Weaknesses, Opportunities, Threats (SWOT) and Quality Systems Planning Matrix (QSPM) te...

normal 0 false false false en-us x-none ar-sa microsoftinternetexplorer4 background : distraction osteogenesis is an established option for reconstruction of amputated fingers. in contrast to the primary method of distraction osteogenesis, using kirschner wire (k-wire) as an internal fixator is not common today. this study was conducted to evaluate distraction osteogenesis with and without k-wi...

background: tissue expanders are devices which are used to create enough skin to form suitable flap in restoration of great skin deficiencies which are not modified initially. the current study aimed at investigating the patients’ satisfaction and the complications such as rupture, hematoma, wound infection, seroma, leakage, chronic pain, and expander expose of internal (implanted under the ski...