infonet-economy

The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) issued the publication Accounting and Financial Reporting Guidelines for Small and Medium-sized Enterprises (SMEGA) – Level 3 Guidance after deliberations during its seventeenth and eighteenth sessions. At its twenty-third session, ISAR requested the UNCTAD secretariat to...

Am 1. Januar treten die neuen Anlagerichtlinien für Schweizer Vorsorgeeinrichtungen in Kraft. Mit ihnen dürfte die Professionalisierung der zweiten Säule weiter vorangetrieben werden. Der Anpassungsbedarf bei den Vorsorgewerken ist unterschiedlich.

BACKGROUND: Computer-generated virtual faces become increasingly realistic including the simulation of emotional expressions. These faces can be used as well-controlled, realistic and dynamic stimuli in emotion research. However, the validity of virtual facial expressions in comparison to natural emotion displays still needs to be shown for the different emotions and different age...

We compare the forecasts of Quadratic Variation given by the Realized Volatility (RV) and the Two Scales Realized Volatility (TSRV) computed from high frequency data in the presence of market microstructure noise, under several different dynamics for the volatility process and assumptions on the noise. We show that TSRV largely outperforms RV, whether looking at bias, variance, RMSE...

This paper addresses the recent turn in strategy research to practice-based theorizing. Based on a data set of 51 meeting observations, the paper examines how strategy meetings are involved in either stabilizing existing strategic orientations or proposing variations that cumulatively generate change in strategic orientations. Eleven significant structuring characteristics of...

The neurophysiology of eye movements has been studied extensively, and several computational models have been proposed for decision-making processes that underlie the generation of eye movements towards a visual stimulus in a situation of uncertainty. One class of models, known as linear rise-to-threshold models, provides an economical, yet broadly applicable, explanation for the...

Non-monetary incentives in the form of awards have so far escaped the attention ofneconomists despite their widespread use. This paper presents an experiment conductednonline at IBM to assess the impact of these kinds of extrinsic incentives. Introducing a hypothetical award has statistically significant effects on stated contributions to a publicngood. Our design allows the...