In this paper, we study credit risk transfer (CRT) in an economy with endogenous financing (by both banks and non-bank institutions). Our analysis suggests that the incentive of banks to transfer credit risk is aligned with the regulatory objective of improving stability, and so the recent development of credit derivative instruments is to be welcomed. Moreover, we find the transfer of credit r...

This study examines the association between different institutional investors’ ownership and earnings management practice using a neural networks approach. It investigates this relationship for a sample of 121 US firms. We examine also the effect of institutional ownership on the level of accruals management of firms having different information environment (S&P 500 versus non S&P 500). Results...

nowadays, tube bonding in vehicles structure is noticeably considered by many researches. in this paper, local tube compression process by a rubber ring has been studied. firstly, simulation of the process was performed by fem. then, experimental test has been carried out to validate the numerical results. numerical and experimental results were compared showing a good agreement. in the second ...

To effectively control the stress state and spatial alignment of arch ribs in cable hoisting construction a long-span, concrete-filled, steel tube bridge ensure safety structure, it is necessary to calculate determine appropriate force. Based on actual project double-span, tubular bridge, stage left span from beginning closure taken as an example. The linear method “quiet do not move” adopted. ...

chest tube (ct) or tube thoracostomy placement is often indicated following traumatic injuries. premature movement of the chest tube leads to increased hospital complications and costs for patients. placement of a chest tube is indicated in drainage of blood, bile, pus, drain air, and other fluids. although there is a general agreement for the placement of a chest tube, there is little consensu...

carbon dioxide flooding is considered to be one of the most effective enhanced oil recovery methods for the light oil reservoirs. depending on the operating pressure, the process might be miscible or immiscible. minimum miscibility pressure (mmp) is the most important parameter for assessing the applicability of any miscible gas flood for an oil reservoir. the miscibility condition is determine...