Current financial reporting guidance allows managers flexibility as to whether to disaggregate income statement items. Such flexibility is problematic if managers prefer to aggregate in some situations and disaggregate in others because we conjecture that investors’ evaluations of firms will predictably differ depending on whether performance information is shown in an aggregated or disaggregat...

To think quantitatively about comovement, we specify the model of Section I. We use a CES production function for one final good. 42 Thus, we can solve the structure of this economy in closed form, and quantify its comovement. Our model differs in a series of small ways from 43 Its main virtue is that it is solvable in closed form, so that the mechanisms are fairly transparent.

BACKGROUND Evidence supports the validity of individual components of the psychological flexibility model in the context of chronic pain. However, there is a need to test the inter-relationships amongst measures of individual components of psychological flexibility in a more integrative manner. In particular, research is needed to examine whether a model with discrete facets as proposed is inde...

Our study examined the impact of heroin on frontal executive functioning in three cognitive domains, namely attention, impulse control, and mental flexibility and abstract reasoning. It was hypothesized that heroin addiction would lead to deficits in these three cognitive domains. Fifty-five participants, 30 heroin addicts, and 25 normal controls were invited to participate in this study. Each ...

I describe two studies that were designed to illustrate the potential applicability of laboratory-derived ESP effects in trying to predict events of practical consequence in the “real world.” Both studies attempt to predict the behavior of sets of fi nancial indices over a designated week in the future. The studies followed up on earlier work on the prediction of scoring direction and scoring e...

Th is paper investigates the role of information technology in fi nancial reporting as well as the relationship between using information technology and its impact on the quality of fi nancial reporting. To identify the impact of information technology on quality of fi nancial reporting, a questionnaire was designed and developed. In order to test the hypotheses, T-Test, ANOVA and Duncan’s Test...

The level 1 highest weight modules of the quantum affine algebra Uq(ŝln) can be described as spaces of certain semi-infinite wedges. Using a q-antisymmetrization procedure, these semi-infinite wedges can be realized inside an infinite tensor product of evaluation modules. This realization gives rise to simple descriptions of vertex operators and (up to a scalar function) their compositions. 1 R...