We investigate the relationship between a firm’s measures of corporate governance, macroeconomic uncertainty and changes in leverage. Recent research highlights the role of governance in financing decisions. Previous research also indicates that macroeconomic uncertainty affects a firm’s ability to borrow. In this paper we investigate how both these channels of influence affects firms’ financin...

In Unter den Brücken sieht man die Frauen oben auf Brücken. Am Fenster ihres Ullstein-Büros imaginiert Vicki Baum Idee einer Telefonistin vor der Schaltwand und transferiert so ihren Roman in ein Theaterstück. Baum, am Brückengeländer kehren alle Rücken zum übrigen Raum. Und genauso ausgerichtet sitzen auch Studierenden bei berühmten Sit-ins US-Bürgerrechtsbewegung Lunch Counter. Kaum bekannt h...

Baum and Katz (Trans. Am. Math. Soc. 120:108-123, 1965) obtained convergence rates in the Marcinkiewicz-Zygmund law of large numbers. Their result has already been extended to the short-range dependent linear processes by many authors. In this paper, we extend the result of Baum and Katz to the long-range dependent linear processes. As a corollary, we obtain convergence rates in the Marcinkiewi...

The well-known Baum-Eagon inequality I31 provides an effective iterative scheme for finding a local maximum for homogeneous polynomials with positive coefticients over a domain of probability values. However, in many applications we are interested in maximizing a general rational function. We extend the Baum-Eagon inequality to rational functions. We briefly describe some of the applications of...

In this paper, we employ the concept of HMM-Sufficient Statistics (HMM-Suff Stat) and N-best speakers selection to realize a rapid implementation of Baum-Welch and MLLR. Only a single arbitrary utterance is required which is used to select the N-best speakers HMM-Suff Stat from the training database as adaptation data. Since HMM-Suff Stat are pre-computed offline, computation load is minimized....

LetG be a discrete group and letX be aG-finite, properG-CW-complex. We prove that Kasparov’s equivariant K-homology groups KK∗ (C0(X),C) are isomorphic to the geometric equivariant K-homology groups of X that are obtained by making the geometric K-homology theory of Baum and Douglas equivariant in the natural way. This reconciles the original and current formulations of the Baum-Connes conjectu...

We investigate when Isomorphism Conjectures, such as the ones due to Baum-Connes, Bost and Farrell-Jones, are stable under colimits of groups over directed sets (with not necessarily injective structure maps). We show in particular that both the K-theoretic Farrell-Jones Conjecture and the Bost Conjecture with coefficients hold for those groups for which Higson, Lafforgue and Skandalis have dis...

In this paper, the first of a series of two, we continue the study of higher index theory for expanders. We prove that if a sequence of graphs is an expander and the girth of the graphs tends to infinity, then the coarse Baum-Connes assembly map is injective, but not surjective, for the associated metric space X. Expanders with this girth property are a necessary ingredient in the construction ...