This paper evaluates a comprehensive list of metrics proposed for detecting earnings management in a setting where managers manipulate earnings to round up reported EPS. I find that deferred tax expense is able to detect earnings management in the rounding-up setting while discretionary accruals models are not. Further analysis provides evidence that firms manipulate bad debt expense for the pu...

A semi-implicit form of spectral deferred corrections is used in a method of lines approach to create a projection method that is sixth-order accurate in both time and space for simple domains. The derivation of spectral deferred corrections is presented and compared to traditional deferred correction methods. An auxiliary variable form of the equations for Boussinesq flow is presented which fa...

Deferred shading has gained popularity in recent years, but some aspects about its performance are still unclear. In this work we make an initial evaluation of deferred shading’s performance and evaluate it with respect to the number of light sources, the type of light sources, the illumination model, the complexity of the scene, and the influence range of the light sources. We compare measured...

Deferred imitation (DI) is an established procedure for behavioral measurement of early declarative-like memories in infancy and previous work has indicated a link between this type of memory and brain potentials in infants. The present study compared infants' memory performance in this paradigm with electrophysiological indices of associative learning. Thirty children (M = 14.5 months) partici...

If debt markets can price the risk of projects accurately, then the interests of shareholders and the regulator diverge. Shareholders see their value maximised by an equity-rewarded executive. However we demonstrate that such executives destroy welfare by selecting excessively risky projects due to two types of government-induced distortions: the debt tax shield and the implicit too-big-to-fail...

Spectral deferred correction (SDC) methods for solving ordinary differential equations (ODEs) were introduced by Dutt, Greengard and Rokhlin, [3]. In this paper, we study the properties of these integral deferred correction methods, constructed using high order integrators in the prediction and correction loops, and various distributions of quadrature nodes. The smoothness of the error vector a...

φ(t) = F (t, φ(t)), t ∈ [a, b], φ(a) = φa. (1.1) where φa, φ(t) ∈ C n and F : R × C → C. Let {t}n=0 be equally spaced nodes in the interval [a, b] with t0 = a, tN = b. Let {t j n} M j=0 be the Legendre-Gauss-Lobatto nodes in the subinterval [tn, tn+1] with t 0 n = tn, t M n = tn+1. Denote ∆n = t j+1 n − t j n. 1.1 Forward Euler Scheme The Picard integral equation in each [tn, tn+1] associated w...

Deferred action is the axiom that agents act in emergent organisation to achieve predetermined goals. Enabling deferred action in designed artificial complex adaptive systems like business organisations and IS is problematical. Emergence is an intractable problem for designers because it cannot be predicted. We develop proof-of-concept, conceptual proto-agent model, of emergent organisation and...

The offer of a delayed period for payment from suppliers may help retailers to order more but also improve the total supply chain performance. In this paper, we adopt Conditional Value-at-Risk, CVaR, as the performance criterion to examine how supply chain performance is affected through the deferred payment contract. Analytical results are yielded for the newsvendor retailer’s optimal order qu...