Numerous technopreneurs start their ventures at college age, but the entrepreneurship of computer and electrical engineering (CEE) students remains under-studied. This study analysed both the combined and interactive effects of psychological factors on the entrepreneurial intentions of CEE students. In this study, entrepreneurial intention comprised two dimensions, conviction and preparation. Regarding the direct effects, the results indicated that self-efficacy affected entrepreneurial conviction the most, followed by negative emotion, intrinsic motivation, and metacognition. Negative emotion affected entrepreneurial preparation the most, followed by self-efficacy and positive emotion. The results also revealed several crucial interactive effects resulting from psychological factors. An increase in cognitive load increased the entrepreneurial intention of students exhibiting high intrinsic motivation and reduced the intention of students exhibiting low intrinsic motivation. An increase in metacognition increased the entrepreneurial conviction of students exhibiting either high or low intrinsic motivation. An increase in positive emotion reduced the entrepreneurial intention of students exhibiting high negative emotion and increased the intention of students exhibiting low negative emotion. An increase in self-efficacy increased the entrepreneurial intention of students exhibiting either high or low negative emotion.
{"title":"Interaction of Psychological Factors in Shaping Entrepreneurial Intention Among Computer and Electrical Engineering Students","authors":"C. Liang, Jia-Ling Lee, C. Liang","doi":"10.7341/20151121","DOIUrl":"https://doi.org/10.7341/20151121","url":null,"abstract":"Numerous technopreneurs start their ventures at college age, but the entrepreneurship of computer and electrical engineering (CEE) students remains under-studied. This study analysed both the combined and interactive effects of psychological factors on the entrepreneurial intentions of CEE students. In this study, entrepreneurial intention comprised two dimensions, conviction and preparation. Regarding the direct effects, the results indicated that self-efficacy affected entrepreneurial conviction the most, followed by negative emotion, intrinsic motivation, and metacognition. Negative emotion affected entrepreneurial preparation the most, followed by self-efficacy and positive emotion. The results also revealed several crucial interactive effects resulting from psychological factors. An increase in cognitive load increased the entrepreneurial intention of students exhibiting high intrinsic motivation and reduced the intention of students exhibiting low intrinsic motivation. An increase in metacognition increased the entrepreneurial conviction of students exhibiting either high or low intrinsic motivation. An increase in positive emotion reduced the entrepreneurial intention of students exhibiting high negative emotion and increased the intention of students exhibiting low negative emotion. An increase in self-efficacy increased the entrepreneurial intention of students exhibiting either high or low negative emotion.","PeriodicalId":11044,"journal":{"name":"delete","volume":"218 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89109204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
High-performance concrete (HPC) is widely used in large scale concrete constructions that require high strength, high flow ability and high durability. Various studies are performed on high performance concrete with respect to workability, strength and durability. The effect of various mineral admixtures on HPC is studied. The incorporation of various mineral and chemical admixtures is found to increase the strength and durability of HPC. The deformability of concrete and fracture properties of HPC was investigated. The effect of temperature variation on HPC was also studied. HPC is a highly promising building material and has wide range of application due to its expectional properties.
{"title":"A Review on High Performance Concrete","authors":"A. K. Jacob, Nivin Philip","doi":"10.2139/ssrn.2668127","DOIUrl":"https://doi.org/10.2139/ssrn.2668127","url":null,"abstract":"High-performance concrete (HPC) is widely used in large scale concrete constructions that require high strength, high flow ability and high durability. Various studies are performed on high performance concrete with respect to workability, strength and durability. The effect of various mineral admixtures on HPC is studied. The incorporation of various mineral and chemical admixtures is found to increase the strength and durability of HPC. The deformability of concrete and fracture properties of HPC was investigated. The effect of temperature variation on HPC was also studied. HPC is a highly promising building material and has wide range of application due to its expectional properties.","PeriodicalId":11044,"journal":{"name":"delete","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82746978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Present paper describes the ways to make intelligent fabrics by making them conducive materials, i.e. breaking away from its traditional use as electrically insulating materials. For this purpose synthetic core/cotton sheath friction spun and disk spun yarns were used and incorporated in the fabric. Two models represented structures combining sensory materials others represented structures combining highly conductive materials with traditional fibrous material production trials in producing the electric wire core/cotton – polyester sheath yarns showed more challenges than the case of optical fiber core/cotton – polyester sheath yarn
{"title":"Development of Synthetic Core / Cotton Sheath Friction Spun Yarns Suitable for Specialty Industrial Fabrics / Garments","authors":"Mohamed Saad, Yehia Hazem Abdelmo","doi":"10.2139/ssrn.2796686","DOIUrl":"https://doi.org/10.2139/ssrn.2796686","url":null,"abstract":"The Present paper describes the ways to make intelligent fabrics by making them conducive materials, i.e. breaking away from its traditional use as electrically insulating materials. For this purpose synthetic core/cotton sheath friction spun and disk spun yarns were used and incorporated in the fabric. Two models represented structures combining sensory materials others represented structures combining highly conductive materials with traditional fibrous material production trials in producing the electric wire core/cotton – polyester sheath yarns showed more challenges than the case of optical fiber core/cotton – polyester sheath yarn","PeriodicalId":11044,"journal":{"name":"delete","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82459170","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article investigates software process diversity, defined as the project condition arising out of the simultaneous use of multiple software development process frameworks within a single project. Software process diversity is conceptualized as the response of a project team to such contingencies as requirements volatility, design and technological novelty, customer involvement, and the level of organizational process compliance enforced on the project. Moreover, we conceptualize that the degree of fit (or match) between a project's software process diversity and the level of process compliance enforced on the project impacts overall project performance. This conceptualization was empirically tested by utilizing data collected from 410 large commercial software projects of a multinational firm. The results show that higher levels of requirements volatility, design and technological novelty, and customer involvement increased software process diversity within a project. However, software process diversity decreased relative to increases in the level of process compliance enforced on the project. A higher degree of fit between the process diversity and process compliance of a project, rather than the effects of those variables independently, was found to be significantly associated with a higher level of project performance, as measured in terms of project productivity and software quality. These results indicate that increasing software process diversity in response to project-level contingencies improves project performance only when there is a concomitant increase in organizational process compliance efforts. The implications of these results for research are discussed and prescriptive guidelines derived to manage the fit between process diversity and process compliance for improving software project performance.
{"title":"Software Process Diversity: Conceptualization, Measurement, and Analysis of Impact on Project Performance","authors":"Narayan Ramasubbu, A. Bharadwaj, G. Tayi","doi":"10.2139/ssrn.2627173","DOIUrl":"https://doi.org/10.2139/ssrn.2627173","url":null,"abstract":"This article investigates software process diversity, defined as the project condition arising out of the simultaneous use of multiple software development process frameworks within a single project. Software process diversity is conceptualized as the response of a project team to such contingencies as requirements volatility, design and technological novelty, customer involvement, and the level of organizational process compliance enforced on the project. Moreover, we conceptualize that the degree of fit (or match) between a project's software process diversity and the level of process compliance enforced on the project impacts overall project performance. This conceptualization was empirically tested by utilizing data collected from 410 large commercial software projects of a multinational firm. The results show that higher levels of requirements volatility, design and technological novelty, and customer involvement increased software process diversity within a project. However, software process diversity decreased relative to increases in the level of process compliance enforced on the project. A higher degree of fit between the process diversity and process compliance of a project, rather than the effects of those variables independently, was found to be significantly associated with a higher level of project performance, as measured in terms of project productivity and software quality. These results indicate that increasing software process diversity in response to project-level contingencies improves project performance only when there is a concomitant increase in organizational process compliance efforts. The implications of these results for research are discussed and prescriptive guidelines derived to manage the fit between process diversity and process compliance for improving software project performance.","PeriodicalId":11044,"journal":{"name":"delete","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91212823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study identifies upcoming trends for XBRL (Extensible Business Reporting Language). While most of the articles focus on technological aspects such as ontology and software engineering this article relates to accounting-related aspects of the taxonomy. The taxonomy can be regarded as a main cornerstone of each XBRL financial reporting submission. As taxonomy do not develop standards, laws and regulations newly, they only derive standardized reporting elements the current landscape of taxonomy is still characterised by multiple heterogeneous taxonomies. Based on the harmonization requirements and requests from regulators for better comparison of financial reports among peers, it can be concluded that taxonomies will adapt and merge to each other. In an endgame scenario it is probable that only one taxonomy remains and prevails.
{"title":"XBRL: Towards an Unified Taxonomy","authors":"D. Beerbaum","doi":"10.2139/ssrn.2661294","DOIUrl":"https://doi.org/10.2139/ssrn.2661294","url":null,"abstract":"This study identifies upcoming trends for XBRL (Extensible Business Reporting Language). While most of the articles focus on technological aspects such as ontology and software engineering this article relates to accounting-related aspects of the taxonomy. The taxonomy can be regarded as a main cornerstone of each XBRL financial reporting submission. As taxonomy do not develop standards, laws and regulations newly, they only derive standardized reporting elements the current landscape of taxonomy is still characterised by multiple heterogeneous taxonomies. Based on the harmonization requirements and requests from regulators for better comparison of financial reports among peers, it can be concluded that taxonomies will adapt and merge to each other. In an endgame scenario it is probable that only one taxonomy remains and prevails.","PeriodicalId":11044,"journal":{"name":"delete","volume":"136 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80248832","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Functional Dependency Network Analysis (FDNA) is a tool developed by engineer management researchers for developing systems that are more resilient and less prone to catastrophic failure. Considering financial networks as a system-of-systems, we introduce FDNA for analyzing non-engineering systems. This paper applies FDNA to the financial system to investigate not only what causes contagion but also how it spreads through a financial network, specifically to understand how the failure of one bank affects others in the system. A simple agent-based model of interbank lending will be presented and FDNA will be applied to it. A main goal of the paper is to promote application of a new tool from systems engineering to financial networks.
{"title":"Investigating Interbank Contagion with Agent-Based Modeling and Functional Dependency Network Analysis (FDNA)","authors":"Amy Costa, Michael K. McShane, C. Pinto","doi":"10.2139/ssrn.2608937","DOIUrl":"https://doi.org/10.2139/ssrn.2608937","url":null,"abstract":"Functional Dependency Network Analysis (FDNA) is a tool developed by engineer management researchers for developing systems that are more resilient and less prone to catastrophic failure. Considering financial networks as a system-of-systems, we introduce FDNA for analyzing non-engineering systems. This paper applies FDNA to the financial system to investigate not only what causes contagion but also how it spreads through a financial network, specifically to understand how the failure of one bank affects others in the system. A simple agent-based model of interbank lending will be presented and FDNA will be applied to it. A main goal of the paper is to promote application of a new tool from systems engineering to financial networks.","PeriodicalId":11044,"journal":{"name":"delete","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87093471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
David Chinarro-Vadillo, E. Martínez-Budría, S. Sosvilla‐Rivero
The term ”wavelets” covers a set of resources from the mathematical analysis that have proven their efficiency in system identification on areas such as hydrology, geology, glaciology, climatology and energy resources optimization. The methodology undergone on systems engineering could be extrapolated to everything conceptualized as ”complex system” whatever its nature. The wavelet techniques provide the description of non-stationary components and the evolution of macroeconomic variables in the frequency domain. The identification of predominant frequential scales and transient effects in time series, highlights the multiresolucional analysis, that would be more difficult to treat with traditional methods of econometrics. A review of the literature will show the potential problems that can be solved with these techniques, such as prediction of benefits calculated on the evolution of the risk premium of a country, the extraction of symmetric macroeconomic shocks in country clusters, or detection of transient effects on the mutual influence of sovereign bonds between pairs of countries, among others. The dissertation will culminate in specific applications that show the power of wavelet techniques in identifying possible determinants and correlation of the evolution of sovereign bond yields in the euro area countries.
{"title":"Analysis of the Evolution of Sovereign Bond Yields by Wavelet Techniques","authors":"David Chinarro-Vadillo, E. Martínez-Budría, S. Sosvilla‐Rivero","doi":"10.2139/ssrn.2546936","DOIUrl":"https://doi.org/10.2139/ssrn.2546936","url":null,"abstract":"The term ”wavelets” covers a set of resources from the mathematical analysis that have proven their efficiency in system identification on areas such as hydrology, geology, glaciology, climatology and energy resources optimization. The methodology undergone on systems engineering could be extrapolated to everything conceptualized as ”complex system” whatever its nature. The wavelet techniques provide the description of non-stationary components and the evolution of macroeconomic variables in the frequency domain. The identification of predominant frequential scales and transient effects in time series, highlights the multiresolucional analysis, that would be more difficult to treat with traditional methods of econometrics. A review of the literature will show the potential problems that can be solved with these techniques, such as prediction of benefits calculated on the evolution of the risk premium of a country, the extraction of symmetric macroeconomic shocks in country clusters, or detection of transient effects on the mutual influence of sovereign bonds between pairs of countries, among others. The dissertation will culminate in specific applications that show the power of wavelet techniques in identifying possible determinants and correlation of the evolution of sovereign bond yields in the euro area countries.","PeriodicalId":11044,"journal":{"name":"delete","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90840550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this paper is to provide a framework and novel methodology geared towards mapping technological change in complex interdependent systems by using large amounts of unstructured data from various recent on- and offline sources. Combining techniques from the fields of natural language processing and network analysis, we are able to identify technological fields as overlapping communities of knowledge fragments. Over time persistence of these fragments allows to observe how these fields evolve into trajectories, which may change, split, merge and finally disappear. As empirical example we use the broad area of Technological Singularity, an umbrella term for different technologies ranging from neuroscience to machine learning and bioengineering, which are seen as main contributors to the development of artificial intelligence and human enhancement technologies. Using a socially enhanced search routine, we extract 1,398 documents for the years 2011-2013. Our analysis highlights the importance of generic interface that ease the recombination of technology to increase the pace of technological progress. While we can identify consistent technology fields in static document collections, more advanced ontology reconciliation is needed to be able to track a larger number of communities over time.
{"title":"Mapping the (R-)Evolution of Technological Fields -- A Semantic Network Approach","authors":"Roman Jurowetzki, D. Hain","doi":"10.2139/ssrn.2500081","DOIUrl":"https://doi.org/10.2139/ssrn.2500081","url":null,"abstract":"The aim of this paper is to provide a framework and novel methodology geared towards mapping technological change in complex interdependent systems by using large amounts of unstructured data from various recent on- and offline sources. Combining techniques from the fields of natural language processing and network analysis, we are able to identify technological fields as overlapping communities of knowledge fragments. Over time persistence of these fragments allows to observe how these fields evolve into trajectories, which may change, split, merge and finally disappear. As empirical example we use the broad area of Technological Singularity, an umbrella term for different technologies ranging from neuroscience to machine learning and bioengineering, which are seen as main contributors to the development of artificial intelligence and human enhancement technologies. Using a socially enhanced search routine, we extract 1,398 documents for the years 2011-2013. Our analysis highlights the importance of generic interface that ease the recombination of technology to increase the pace of technological progress. While we can identify consistent technology fields in static document collections, more advanced ontology reconciliation is needed to be able to track a larger number of communities over time.","PeriodicalId":11044,"journal":{"name":"delete","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90059853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This is an edited transcript of the proceedings of the Yale Law School Center for the Study of Corporate Law’s Sullivan & Cromwell Conference on Challenges in Global Financial Services, which was held on September 20, 2013. The conference brought together policymakers, legal practitioners, members of the financial community, and academics from finance, economics and law to discuss the current challenges in the organization and regulation of global financial services. The roundtable consisted of four panel discussions. The first panel considered “Bank Capital and Liquidity Requirements.” Panelists were Stijn Claessens, Assistant Director, Research Department, International Monetary Fund; Michael H. Krimminger, Partner, Cleary Gottlieb Steen & Hamilton LLP and former General Counsel, Federal Deposit Insurance Corporation (FDIC); Andrew Metrick, Deputy Dean for Faculty Development & Michael H. Jordan Professor of Finance and Management, Yale School of Management; and Roberta Romano, Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law. Ian Ayres, William K. Townsend Professor of Law, Yale Law School, moderated. The second panel addressed “Bank Transparency and the Financial Crisis.” Panelists were Robert J. Giuffra, Jr., Partner, Sullivan & Cromwell LLP; Gary B. Gorton, Frederick Frank Class of 1954 Professor of Management and Finance, Yale School of Management; Henry T. C. Hu, Allan Shivers Chair in the Law of Banking and Finance, University of Texas Law School, and former Director, Division of Risk, Strategy, and Financial Innovation, U.S. Securities and Exchange Commission; and Frederick Schauer, David and Mary Harrison Distinguished Professor of Law, University of Virginia School of Law. Donald Kohn, Senior Fellow, Brookings Institution and former Vice Chairman, Federal Reserve Board, moderated. The third panel focused on the “Accountability and Structuring of Systemically Important Financial Institutions (SIFIs).” Panelists were H. Rodgin Cohen, Senior Chairman, Sullivan & Cromwell LLP; Edward J. Kane, Professor of Finance, Boston College; Andrew W. Lo, Charles E. and Susan T. Harris Professor, MIT Sloan School of Management and Director, MIT Laboratory for Financial Engineering; and John F. Simonson, Deputy Director for Systemic Resolution Planning and Implementation, Office of Complex Financial Institutions, FDIC. The moderator was Henry B. Hansmann, Oscar M. Ruebhausen Professor of Law, Yale Law School. The fourth panel on “Cross-Border Resolution” had the following panelists: James W. Giddens, Chair, Corporate Reorganization and Bankruptcy Group, Hughes Hubbard & Reed LLP and Liquidation Trustee, Lehman Brothers Inc. and MF Global Inc.; Seth Grosshandler, Partner, Cleary Gottlieb Steen & Hamilton LLP; Richard J. Herring, Jacob Safra Professor of International Banking & Professor of Finance, The Wharton School, University of Pennsylvania; and Jonathan R. Macey, Sam Harris Professor of Corporate Law, C
以下是2013年9月20日在耶鲁大学法学院公司法研究中心召开的沙利文与克伦威尔全球金融服务挑战会议的编辑记录。会议汇集了政策制定者、法律从业人员、金融界人士以及金融、经济和法律领域的学者，讨论当前全球金融服务组织和监管面临的挑战。圆桌会议由四个小组讨论组成。第一个小组讨论了“银行资本和流动性要求”。小组成员包括国际货币基金组织研究部助理主任Stijn Claessens;Michael H. Krimminger, Cleary Gottlieb Steen & Hamilton LLP合伙人，前联邦存款保险公司(FDIC)总法律顾问;耶鲁大学管理学院副院长、Michael H. Jordan金融与管理学教授Andrew Metrick;罗伯塔·罗马诺，斯特林法学教授，耶鲁大学法学院公司法研究中心主任。伊恩·艾尔斯，耶鲁大学法学院威廉·k·汤森法学教授，主持。第二个小组讨论的主题是“银行透明度与金融危机”。小组成员包括Sullivan & Cromwell LLP合伙人Robert J. Giuffra, Jr;Gary B. Gorton，耶鲁大学管理学院弗雷德里克·弗兰克1954届管理与金融学教授;Henry t.c. Hu，得克萨斯大学法学院银行和金融法Allan Shivers主席，美国证券交易委员会风险、战略和金融创新部门前主任;以及弗吉尼亚大学法学院David and Mary Harrison杰出法学教授Frederick Schauer。布鲁金斯学会高级研究员、美国联邦储备委员会前副主席唐纳德·科恩主持。第三个小组讨论的主题是“具有系统重要性的金融机构的问责制和结构”。小组成员包括:Sullivan & Cromwell LLP高级主席H. Rodgin Cohen;Edward J. Kane，波士顿学院金融学教授;罗Andrew W. Lo, Charles E. and Susan T. Harris，麻省理工学院斯隆管理学院教授，麻省理工学院金融工程实验室主任;John F. Simonson，联邦存款保险公司复杂金融机构办公室系统解决方案计划和执行副主任。主持人是耶鲁大学法学院奥斯卡·鲁勃豪森法学教授亨利·汉斯曼。第四个关于“跨境清算”的小组成员包括:James W. Giddens，公司重组和破产小组主席，Hughes Hubbard & Reed LLP和清算受托人，雷曼兄弟公司和MF Global Inc.;Seth Grosshandler，佳利律师事务所合伙人;Richard J. Herring，宾夕法尼亚大学沃顿商学院Jacob Safra国际银行及金融学教授;Jonathan R. Macey，耶鲁大学法学院山姆·哈里斯公司法、公司财务和证券法教授。该小组由耶鲁大学法学院法学副教授John D. Morley主持。注:Erica Gorga, Roberta Romano和Natalya Shnitser是本文的编辑，而不是作者。
{"title":"Challenges in Global Financial Services","authors":"Érica Gorga, R. Romano, Natalya Shnitser","doi":"10.2139/SSRN.2382022","DOIUrl":"https://doi.org/10.2139/SSRN.2382022","url":null,"abstract":"This is an edited transcript of the proceedings of the Yale Law School Center for the Study of Corporate Law’s Sullivan & Cromwell Conference on Challenges in Global Financial Services, which was held on September 20, 2013. The conference brought together policymakers, legal practitioners, members of the financial community, and academics from finance, economics and law to discuss the current challenges in the organization and regulation of global financial services. The roundtable consisted of four panel discussions. The first panel considered “Bank Capital and Liquidity Requirements.” Panelists were Stijn Claessens, Assistant Director, Research Department, International Monetary Fund; Michael H. Krimminger, Partner, Cleary Gottlieb Steen & Hamilton LLP and former General Counsel, Federal Deposit Insurance Corporation (FDIC); Andrew Metrick, Deputy Dean for Faculty Development & Michael H. Jordan Professor of Finance and Management, Yale School of Management; and Roberta Romano, Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law. Ian Ayres, William K. Townsend Professor of Law, Yale Law School, moderated. The second panel addressed “Bank Transparency and the Financial Crisis.” Panelists were Robert J. Giuffra, Jr., Partner, Sullivan & Cromwell LLP; Gary B. Gorton, Frederick Frank Class of 1954 Professor of Management and Finance, Yale School of Management; Henry T. C. Hu, Allan Shivers Chair in the Law of Banking and Finance, University of Texas Law School, and former Director, Division of Risk, Strategy, and Financial Innovation, U.S. Securities and Exchange Commission; and Frederick Schauer, David and Mary Harrison Distinguished Professor of Law, University of Virginia School of Law. Donald Kohn, Senior Fellow, Brookings Institution and former Vice Chairman, Federal Reserve Board, moderated. The third panel focused on the “Accountability and Structuring of Systemically Important Financial Institutions (SIFIs).” Panelists were H. Rodgin Cohen, Senior Chairman, Sullivan & Cromwell LLP; Edward J. Kane, Professor of Finance, Boston College; Andrew W. Lo, Charles E. and Susan T. Harris Professor, MIT Sloan School of Management and Director, MIT Laboratory for Financial Engineering; and John F. Simonson, Deputy Director for Systemic Resolution Planning and Implementation, Office of Complex Financial Institutions, FDIC. The moderator was Henry B. Hansmann, Oscar M. Ruebhausen Professor of Law, Yale Law School. The fourth panel on “Cross-Border Resolution” had the following panelists: James W. Giddens, Chair, Corporate Reorganization and Bankruptcy Group, Hughes Hubbard & Reed LLP and Liquidation Trustee, Lehman Brothers Inc. and MF Global Inc.; Seth Grosshandler, Partner, Cleary Gottlieb Steen & Hamilton LLP; Richard J. Herring, Jacob Safra Professor of International Banking & Professor of Finance, The Wharton School, University of Pennsylvania; and Jonathan R. Macey, Sam Harris Professor of Corporate Law, C","PeriodicalId":11044,"journal":{"name":"delete","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84847766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Improving financial reporting calls for achieving a fine balance between codification of accounting rules, and development of norms whose enforcement depends on judgment about shared values and expectations in society. Over the past century, financial reporting has pursued codification in excess with unfortunate consequences. Development of mathematical finance, and concomitant financial engineering makes written rules of accounting almost instantaneously obsolete through creation of new transactions and instruments. A more open system in which multiple standard setting bodies compete with one another to attract following among the preparer and user communities may help keep financial reporting useful.
{"title":"The Problem of Improving Financial Reporting","authors":"S. Sunder","doi":"10.2139/ssrn.2286821","DOIUrl":"https://doi.org/10.2139/ssrn.2286821","url":null,"abstract":"Improving financial reporting calls for achieving a fine balance between codification of accounting rules, and development of norms whose enforcement depends on judgment about shared values and expectations in society. Over the past century, financial reporting has pursued codification in excess with unfortunate consequences. Development of mathematical finance, and concomitant financial engineering makes written rules of accounting almost instantaneously obsolete through creation of new transactions and instruments. A more open system in which multiple standard setting bodies compete with one another to attract following among the preparer and user communities may help keep financial reporting useful.","PeriodicalId":11044,"journal":{"name":"delete","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2013-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81966742","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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