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Substantial Information (substantial + information)
Selected AbstractsHow Much New Information Is There in Earnings?JOURNAL OF ACCOUNTING RESEARCH, Issue 5 2008RAY BALL ABSTRACT We quantify the relative importance of earnings announcements in providing new information to the share market, using the R2 in a regression of securities' calendar-year returns on their four quarterly earnings-announcement "window" returns. The R2, which averages approximately 5% to 9%, measures the proportion of total information incorporated in share prices annually that is associated with earnings announcements. We conclude that the average quarterly announcement is associated with approximately 1% to 2% of total annual information, thus providing a modest but not overwhelming amount of incremental information to the market. The results are consistent with the view that the primary economic role of reported earnings is not to provide timely new information to the share market. By inference, that role lies elsewhere, for example, in settling debt and compensation contracts and in disciplining prior information, including more timely managerial disclosures of information originating in the firm's accounting system. The relative informativeness of earnings announcements is a concave function of size. Increased information during earnings-announcement windows in recent years is due only in part to increased concurrent releases of management forecasts. There is no evidence of abnormal information arrival in the weeks surrounding earnings announcements. Substantial information is released in management forecasts and in analyst forecast revisions prior (but not subsequent) to earnings announcements. [source] Does the résumé open the door to age discrimination for older workers?AUSTRALASIAN JOURNAL ON AGEING, Issue 2 2003Lynne Bennington Objective: This exploratory study examined the amount of information provided in résumés that could form the basis for unlawful discrimination. Method: The covering letters and résumés of secretarial job applicants were examined and coded under strict ethical guidelines. Results: Substantial information upon which unlawful discrimination could be based was provided by applicants, particularly by older applicants. Conclusion: Applicants may reduce their chances of an interview and aid and abet unlawful discrimination by including personal information in their résumés. Suggestions to minimize this problem are offered. [source] Borehole-guided AVO analysis of P-P and P-S reflections: Quantifying uncertainty on density estimatesGEOPHYSICAL PROSPECTING, Issue 5 2006Hugues A. Djikpesse ABSTRACT Seismic properties of isotropic elastic formations are characterized by the three parameters: acoustic impedance, Poisson's ratio and density. Whilst the first two are usually well estimated by analysing the amplitude variation with angle (AVA) of reflected P-P waves, density is known to be poorly resolved. However, density estimates would be useful in many situations encountered in oil and gas exploration, in particular, for minimizing risks in looking ahead while drilling. We design a borehole seismic experiment to investigate the reliability of AVA extracted density. Receivers are located downhole near the targeted reflectors and record reflected P-P and converted P-S waves. A non-linear, wide-angle-based Bayesian inversion is then used to access the a posteriori probability distributions associated with the estimation of the three isotropic elastic parameters. The analysis of these distributions suggests that the angular variation of reflected P-S amplitudes provides additional substantial information for estimating density, thus reducing the estimate uncertainty variance by more than one order of magnitude, compared to using only reflected P-waves. [source] A weak degeneracy revealing decomposition for the CANDECOMP/PARAFAC modelJOURNAL OF CHEMOMETRICS, Issue 2 2010Roberto Rocci Abstract The CANDECOMP/PARAFAC (CP) model is a well known and frequently used tool for extracting substantial information from a three-way data array. It has several useful characteristics and usually gives meaningful insights about the underlying structure of the data. However, in some cases it has a ,strange' behaviour suffering from the so-called ,degenerate solutions', i.e. solutions where the components show a diverging pattern and are meaningless. Several authors have investigated the causes of degeneracy concluding that the phenomenon is due to a lack of minimum of the loss function. In this paper, we study the degeneracy of CP limiting our attention to the two-component case. The study is done by introducing a canonical form, called 2DR, which is ,weakly degeneracy revealing'. On the ground of this framework, degeneracy is studied along with some of the remedies proposed in the literature by using a Tucker3 model having a core in the 2DR form. The analysis gives new insights about the behaviour of the CP model and suggests new ideas on how to deal with degeneracy. Copyright © 2010 John Wiley & Sons, Ltd. [source] Network influences on scholarly communication in developmental dyslexia: A longitudinal follow-upJOURNAL OF THE AMERICAN SOCIETY FOR INFORMATION SCIENCE AND TECHNOLOGY, Issue 14 2003Claudia A. Perry Author cocitation analysis was used to explore ongoing changes in the intellectual structure of the hybrid problem area of developmental dyslexia for the period 1994,1998, and to address ambiguities in results raised by an earlier study of these researchers for the years 1976,1993. Results suggest that: (1) discrepancies between the structure of the sociometric (personal) and author cocitation networks reflect real differences, not temporal factors; (2) differences between cocitation patterns and reports in the literature, and corresponding delays in the visibility of emerging perspectives, are likely due to the "inertia" of aggregate cocitation data and/or by shifts by neuroscience-vision researchers to publication in more prominent journals; (3) a sharp rise in link density for the neuroscience-vision subgroup indicates increased cohesiveness and growing maturation for this emerging perspective; (4) shifts in subgroup membership, link density, patterns of coauthorship, and multiple factor loadings suggest possible convergence between other subgroups in the network and identify individuals who may play boundary-spanning roles within the network; and (5) changing patterns of cocitation throughout the network suggest the increasing influence of studies relating to neurobiological mechanisms underlying dyslexia. The possible contributions of such boundary spanners in addressing the substantial information and communication challenges posed by the increased interdisciplinary character of scholarship in general, also are discussed. [source] Evaluation of a Non-Targeted "Omic" Approach in the Safety Assessment of Genetically Modified PlantsPLANT BIOLOGY, Issue 5 2006S. B. Metzdorff Abstract: Genetically modified plants must be approved before release in the European Union, and the approval is generally based upon a comparison of various characteristics between the transgenic plant and a conventional counterpart. As a case study, focusing on safety assessment of genetically modified plants, we here report the development and characterisation of six independently transformed Arabidopsis thaliana lines modified in the flavonoid biosynthesis. Analyses of integration events and comparative analysis for characterisation of the intended effects were performed by PCR, quantitative Real-time PCR, and High Performance Liquid Chromatography. Analysis by cDNA microarray was used as a non-targeted approach for the identification of potential unintended effects caused by the transformation. The results revealed that, although the transgenic lines possessed different types of integration events, no unintended effects were identified. However, we found that the majority of genes showing differential expression were identified as stress-related genes and that environmental conditions had a large impact on the expression of several genes, proteins, and metabolites. We suggest that the microarray approach has the potential to become a useful tool for screening of unintended effects, but state that it is crucial to have substantial information on the natural variation in traditional crops in order to be able to interpret "omics" data correctly within the framework of food safety assessment strategies of novel plant varieties, including genetically modified plant varieties. [source] A simple and highly successful C-terminal sequence analysis of proteins by mass spectrometryPROTEINS: STRUCTURE, FUNCTION AND BIOINFORMATICS, Issue 8 2008Hiroki Kuyama Dr. Abstract A simple and efficient method for C-terminal sequencing of proteins has long been pursued because it would provide substantial information for identifying the covalent structure, including post-translational modifications. However, there are still significant impediments to both direct sequencing from C termini of proteins and specific isolation of C-terminal peptides from proteins. We describe here a highly successful, de novo C-terminal sequencing method of proteins by employing succinimidyloxycarbonylmethyl tris (2,4,6-trimethoxyphenyl) phosphonium bromide and mass spectrometry. [source] Stress Testing of Financial Industries: A Simple New Approach to Joint Stress Testing of Korean Banking, Securities, and Non-Life Insurance Industries,ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, Issue 4 2009Kook-Hyun Chang Abstract This paper proposes a simple joint stress testing model useful in studying the effects of specific stress scenarios on a financial sector. In doing so, we adopt the principal component analysis (PCA) as a main device to interpret various financial information contained in figures and numbers on a financial company. We repeat the principal component analysis across different levels from individual company to a financial industry, and eventually to a financial sector as a whole to derive a financial sector risk index. We then link the sector risk index with stress macro variables, which constitute a much simpler task than devising individual models for each financial components. Once a relationship is established, a joint stress test is conducted by repeating PCA conversely. As a sample of stress scenario in the paper, we use the case of the 2003 credit card distress. We find that securities industry is more sensitive to market stresses than two other industries-bank and insurance-and that financial institutions in such a stress-sensitive industry are, consequently, more affected by the stresses than those in other industries. Despite the simplicity of the proposed model, this model is expected to provide substantial information, particularly for financial supervisors without having to build a complicated joint stress testing model. [source] | |||||||||||||