Extant theory claims a firm's information environment impacts the choice between debt and equity financing. However, empirical evidence supporting this contention is limited. We evaluate this relation within the context of Regulation FD (Reg FD) which prohibited the use of selective disclosure. We find firms with high proprietary costs of public disclosure are more likely to resort to debt fina...

Mining, Minerals and Sustainable Development is a project of the International Institute for Environment and Development (IIED). The project was made possible by the support of the World Business Council for Sustainable Development (WBCSD). IIED is a company limited by guarantee and incorporated in England. Reg. No. 2188452. VAT Reg. No. GB 440 4948 50. Registered Charity No. 800066 Mining, Min...

MSNE assumes players use a random device privately and independently, that tells them which strategy to choose for any given play. The Bayesian environment, we have discussed so far assumes that signals are random, private and independent. The question that we address here is what happens if the signals are random but public (not private) and not independent across the agents and further, the a...

Mining, Minerals and Sustainable Development is a project of the International Institute for Environment and Development (IIED). The project was made possible by the support of the World Business Council for Sustainable Development (WBCSD). IIED is a company limited by guarantee and incorporated in England. Reg. No. 2188452. VAT Reg. No. GB 440 4948 50. Registered Charity No. 800066 Mining, Min...

In VISIONS the segmentation a lgor i thms receive input from a d i g i t i z e d co lo r image as an array of p i x e l va lues , and generate output as a layered graph of symbo l i ca l l y named reg ions , boundaries, and endpoints — each w i t h t h e i r desc r i p t i ve a t t r i b u t e s . This processed sensory data provides the i n i t i a l input to the model -bu i ld ing system of V...