This paper reexamines the dynamic relation between intraday trading volume and return volatility of large and small NYSE stocks in two partitioned samples, with and without identifiable public news. We argue that the sequential information arrival hypothesis (SIAH) can be tested only in periods...

This study examines the extent to which software diffusion and infusion affect the decision to replace 'off-the-shelf' software, using the example of spreadsheet software. Transaction cost economics motivates the propositions that higher levels of software diffusion and higher levels of software...

A number of papers have documented a significant decline in real GDP volatility in several major OECD economies. Some authors have presented evidence to suggest that this is the outcome of a one-off structural break from a high to low volatility state whilst others have estimated regime...

This report introduces a new perspective on the basic concept of dependent failures where the definition of dependency is based on clustering in failure times of similar components. This perspective has two significant implications: first, it relaxes the conventional assumption that dependent...

The government electronics community faces the exciting challenge of entering into new of types of partnerships with the commercial electronics industry. Past interactions have been based primarily on the needs of government. Future interactions will be based more on the needs of industry,...