Conditional tests of the International CAPM in previous studies (e.g., Harvey, 1991) help identify predictability but not causality. In this paper, we take an event-study approach to examine if the world market risk premium is particularly higher on prescheduled USmacroeconomic announcement days. Empirically, we apply the Savor andWilson (2014) methodology to daily US stocks as well as foreign ...

In contrast to the existing literature on repeated games that assumes a Þxed discount factor, I study an environment in which it is more realistic to assume a ßuctuating discount factor. In a repeated oligopoly, as the interest rate changes, so too does the degree to which Þrms discount the future. I characterize the optimal tacit collusion equilibrium when the discount factor changes over time...

Digital Rights Management (DRM) refers to a collection of security mechanisms that are widely deployed on a number of copyright-protected digital assets. However, despite the existence of a number of studies of the technical architectures of rights management security systems, there is little scholarly/academic literature dedicated to the human aspects associated with circumvention of DRM secur...

This paper explores the causes and consequences of cross-country variation in mortgage market structure. It draws on insights from several …elds: urban economics, asset pricing, behavioral …nance, …nancial intermediation, and macroeconomics. It discusses lessons from the credit boom, the challenges of mortgage modi…cation in the aftermath of the boom, consumer …nancial protection, and alternati...

The VidShare project develops a management platform for Peer-toPeer multimedia asset distribution across heterogeneous access networks, fixed and mobile, with Intellectual Property Management and Protection (IPMP). A key objective is to build an architecture that is interoperable with different content management and IPMP solutions. The project utilises MPEG REL as a rights expression language ...

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due to the fact that assets are recorded at their historical value and they may include unrealized gains (losses), managers may manipulate earnings through the sale of these assets and provide financial information which is not accurate and reliable. the aim of this study is to investigate the relationship between income from asset sales, earnings change and leverage of companies listed on tehr...

The monitoring and control of urban critical infrastructures consists of the protection of assets such as houses, offices, government and private buildings, with low cost, high quality and high dependability. In order to satisfy all these requirements at the same time, the control of a number of assets has to be performed by means of automated systems based on networks of heterogeneous sensors....

As physical and information security boundaries have become increasingly blurry many organizations are experiencing challenges with how to effectively and efficiently manage security within the corporate. There is no current standard or best practice offered by the security community regarding convergence; however many organizations such as the Alliance for Enterprise Security Risk Management (...