We study the role of partial autocorrelations in the reparameterization and parsimonious modeling of a covariance matrix. The work is motivated by and tries to mimic the phenomenal success of the partial autocorrelations function (PACF) in model formulation, removing the positive-definiteness...

In this paper we want to analyze the internal divisional structure within an organi-zation in the framework of incomplete contract theory. We use the framework of Aghionand Tirole (1997) and define the managerial control structure as \sequence of search".A key feature of this paper which...

This thesis intends to add empirical evidence to a recently heavily debated regulatory issue, the necessity of promoting a clean surplus income statement. I document the magnitude, and assess the relevance of dirty surplus accounting flows in European member states. In particular, this thesis...

Recently the Dutch financial reporting standard setters have taken steps to make dirty surplus accounting flows more visible to parties outside firms, either by eliminating their possibility or by requiring comprehensive income type statements. These steps are presumably based on the idea that...

Widespread researches and studies on earthquake prediction show that seismo-ionospheric disturbances can be observed over seismic regions before an earthquake. However, it is still hard to detect accurate pre-seismic ionosphere anomaly and use them to predict earthquake. To solve the problem, we...