This paper attempts to differentiate among the theories of corporate hedging by using treasury disclosures in the 1995 annual reports of the largest 400 UK companies and data collected via a survey to corporate treasurers. Univariate and multivariate logit tests indicate that firms with tax loss carryforwards, higher gearing, lower liquidity, foreign exchange exposure and larger firms are more ...

Many games and sports, including races, involve outcomes in which competitors are rank ordered. In some sports, competitors may play in multiple events over long periods of time, and it is natural to assume that their abilities change over time. We propose a Bayesian state-space framework for rank ordered logit models to rate competitor abilities over time from the results of multi-competitor g...

INTRODUCTION Recent years have witnessed a growing interest in improving bus safety operations worldwide. While in the United States buses are considered relatively safe, the number of bus accidents is far from being negligible, triggering the introduction of the Motor-coach Enhanced Safety Act of 2011. METHOD The current study investigates the underlying risk factors of bus accident severity...

producers use computers and how (or if) new software technology will be used. Agronomists rely increasingly on computers, and more than half Agricultural producers lagged behind other businesses of all producers have access to computers. Increasing farm computer in computer ownership and use in the 1980s, but observownership has resulted in intensified efforts to transfer new software technolog...

the present study aim is to offer a systematic method of assessing the credit risk of banks and also to identify key indicators using decision making trial and evaluation laboratory (dematel) technique as well as using logit regression in order to predict the credit risk of listed banks. the population of the study consists of the legal clients of the bank (ansar bank, bank saderat iran, bank m...

one of the really important challenges facing agricultural producers is the choice of their product distribution channels. the present study is aimed at investigating the citrus marketing channel strategy and its determinants among citrus orchardists of mazandaran using a nested logit model. some two hundred and fifty two orchardists from 15 cities of mazandaran were taken as the study samples....

capacity of garden productions in iran is such that is accounted as a country that produces thirteen garden products in the world but despite excellent condition in iran for producing garden products, natural disasters damage production of fruits in the country therefore farmers incur a loss. pistachio tree has been in danger of destruction and dryness. thus, in order to reduce loss incurred on...

This paper investigates the application of a nested logit model to urban transit networks where every set of competitive transit lines is described by a particular graph structure called hyperpath. It shows that the nested logit model transcends the inherent limitations of the simple logit model while retaining the algorithmic advantages similar to that obtained with the ordinary logit model fo...

Second-homes represent a very peculiar reality for the tourism market, particularly in Switzerland in which this segment has a long tradition and represents an important share in the accommodation sector. Very few studies took into account the intention of second-home owners to permanently move to the place (typically representing the destination of leisure trips) where they own their dwelling....