Most of the existing data gathering strategies are based on the structure of stationary Sink in Wireless Sensor Networks, which will lead to rapidly energy consumption of sensor nodes near the sink for the reason that these nodes burden the data transmission from the whole network. This paper proposes a clustering-based routing algorithm in wireless sensor networks with mobile sink (CRA) to sol...

Credit ratings convey credit risk information to participants in financial markets, including investors, issuers, intermediaries and regulators. This paper proposes an automatic text analysis system for financial news and analyzes the effects of news coverage and sentiment factors on credit ratings. Our experiment results show that firms with higher news coverage received worse ratings in the n...

The Collective Resource Approach is an innovative Scandinavian approach to the design and implementation of new technologies in the work place. It attempts to empower trade unions and workers at the local level by exploiting the needs of the highly integrated Scandinavian economies to constantly improve their technology. In this paper we discuss the practical impact of the CRA in Scandinavia an...

We re-examine the evidence on the relationship between credit spreads and economic activity, by constructing a credit spread index based on an extensive micro-level data set of secondary market prices of outstanding senior unsecured corporate bonds over the 1973–2009 period. Compared with the standard default-risk and other financial indicators, our credit spread index is a robust predictor of ...

Due to increasingly noticeable environmental impacts of business activities and consequently rising demands for environmental information by organizational stakeholders, reliable sustainability reporting (SR) is ever more important for firms. As the task of detailed sustainability reporting is complex and involves gathering and processing of a considerable amount of data, green information syst...

The contribution of this paper is in emphasizing endogenous credit rationing in the analysis of effects of bankruptcy rules on entrepeneurs’ decisions with respect to risktaking and ex ante skill-development. Unlike most of the literature, both the debt claim and the amount of debt financing is endogenous in our exercise. This allows us to determine the extent of credit rationing that banks use...

Information asymmetries can severely limit cross-border border expansion of banks. When a bank enters a new market, it has incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients. We investigate the interaction of credit registers and bank entry modes (in form of branching and M&A) by using a new set o...

Recommended by Mark Bebbington We show how it is possible to construct efficient duration dependent semi-Markov reliability models by considering recurrence time processes. We define generalized reliability indexes and we show how it is possible to compute them. Finally, we describe a possible application in the study of credit rating dynamics by considering the credit rating migration as a rel...

The controversy over whether investment-cash flow sensitivity is a good indicator of financing constraints is still unresolved. We tackle it from several different angles and cross-validate our analysis with both balance sheet and qualitative data on self-declared credit rationing and financing constraints. Our qualitative information shows that (self-declared) credit rationing is (weakly) rela...

Traditionally, policymakers, communities, and industry have regarded the Community Reinvestment Act (“CRA”) as a positive mandate for banks and thrifts to do good by increasing investment in lowand moderate-income (“LMI”) neighborhoods. The specific purpose of CRA is to encourage federally insured depository institutions “to help meet the credit needs of the local communities in which they are ...