Although a firm’s use of shorter-term debt can potentially help it to reduce agency costs of debt and align managers’ interests with those of shareholders, the use of this type of debt increases the firm’s refinancing risk. We hypothesize that firms with debt that has a shorter maturity hold larger cash reserves to reduce important costs they could incur if they have difficulty refinancing thei...

Although storm tracking algorithms are a key ingredient of nowcasting systems, evaluation of storm tracking algorithms has been indirect, labor intensive or non-specific. In this paper, we introduce a set of easily computable bulk statistics that can be used to directly evaluate the performance of tracking algorithms on specific characteristics. We apply the evaluation method to a diverse set o...

The Eskimo language Kalaallisut (alias West Greenlandic) has traditionally been described as having a rich tense system, with three future tenses (Kleinschmidt 1851, Bergsland 1955, Fortescue 1984) and possibly four past tenses (Fortescue 1984). Recently however, Shaer (2003) has challenged these traditional claims, arguing that Kalaallisut is in fact tenseless. This paper settles the debate, i...

Depending on whether and how argumental Free Relatives (FRs) resolve instances of case conflict between the requirements of the External (i.e., the matrix) and the Internal (i.e., the relative) Predicate, they can be classified into three main categories: (i) Strictly Matching FRs (e.g., Polish), where the FR pronoun has to comply in morphological case with both predicates (Citko 2000), (ii) I(...

Abstract Most people who use the word ‘Latin’ as name of a language in antiquity (not Medieval or Neo-Latin therefore) seem unaware that Latin was continuum made up many different varieties, Classical (which they identify with Latin) being only one them. So when talk spoken mean Latin, no other variety from available is suitable to be spoken. This ironic on two counts. First, overwhelming major...