For a sample of 1866 privatizations from 37 countries, we estimate the impact of disclosure standards and legal institutions that discipline auditors on the method chosen to divest state-owned enterprises. The agency conflict between minority and controlling shareholders can impede a government from privatizing by selling its stake to diffuse investors in the public capital market with a share-...

According to the nature of their activities, banks are exposed to various types of risks. Hence, risk management is at the heart of financial institutions management. In this study, we intend to summarize the information content of bank financial statements on diverse risks faced by banks and then determine how stock markets react to bank's risk management behavior. The methodology used in this...

People make statements like these all the time. They use odds as a way of describing the likelihood of a particular event in relation to some more general experience. Maybe you do rollerblade; then you probably have had the experience of yelling “How do I STOP?!” But if you have never been rollerblading, you probably have not experienced the terror of having wheels on your feet and not being ab...

In many hypertext systems users are provided with a map of the underlying directed graph of their hypertext document. Arguably this is like filling a program with goto statements and then placating the readers of the program by providing a map of all the gotos. In this paper we present an alternative approach which goes some way — but not the whole way — towards providing a hypertext user inter...

This paper describes a new scheme for building static search trees, using multiway radix search trees. We present this method for code generation of switch statements in imperative languages. We show that, for sparse case sets, the method produces faster code on average than existing methods, requiring O(1) time with a small constant for the average search. We then apply this method to the prob...