This work examines the potential for precision measurement of a quantile and presents the impact of measurement error in the quantile of interest, finding it can materially impact estimations of highly integrated quantities of economic interest.
Distance education has two main forms of online learning – asynchronous (anonymous) and synchronous (face-to-face). Using data from over 24,000 respondents, this research reviewed previous literature and explored the increasingly popular teaching model in which students log on to a video platform instead of away from the home or other classroom for lectures. In this type of online learning, often the professors who deliver the lectures are present on the virtual platform
In this work, we present an efficient and robust principal component analysis (PCA)-based method to extract hidden factors in the first-order autocorrelation and heteroscedasticity of power prices. We consider data for 2000 to 2008
Some European countries have learned to prevent Dutch disease through fiscal-monetary policy. However, most countries - great or small - face similar erosion of domestic resources when commodity prices soar. Many prominent global financial institutions include Indonesia as one of the most favored locations for their offshore subsidiaries.
This paper examines the role of intrafirm quality advertisements on profitability and firm value to the extent public firms have more discretion to better meet their shareholders’ requirements. In particular, we study an experiment under which a private firm adopts legal disclosure requirements to disclose the quality of the reported accounting numbers. Using a sample of 371 U.S. firms taken from the 1990s–2000s, we find that firms with intrasegment quality advertisements perform significantly better than firms without it. We further find that the quality-adjusted return on equity is much higher when the non-public firms with quality advertisements are publicly-listed. By contrast, quality records do not affect firms’ stock market performance if they are privately-held. d2c66b5586