6,102 research outputs found

    Two theories on information asymmetry in finance

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    This dissertation includes two essays which investigate the effects of information asymmetry in liquidity risk pricing and in agency problems. The brief abstracts of these two essays are presented as follows. The first essay investigates how a risk averse liquidity provider sets optimal limit order book under information asymmetry. I extend the model proposed by Copeland and Galai (1983). First, in response to increasing trade size, a severe risk averse liquidity provider offers convex negatively-sloped bid curves and concave positively-sloped ask curves under information asymmetry. In addition, the simultaneous existence of the risk averse liquidity provider and market information asymmetry is the necessary condition that the liquidity provider offers negatively-sloped bid curves and positively-sloped ask curves. Both numerical analysis and empirical evidence on the limit order book of Taiwan Index Futures support the findings in this essay. In the second essay, I investigate the effects of information asymmetry under the two-tiered agency problem which is commonly observed in a typical organizational structure. I propose the two-tiered agency model and shows that imposing Joint Responsibility policy between Agent_1 (Chief Executive Officer) and Agent_2 (Chief Financial Officer) is NOT a good policy for Principal (Shareholders). Joint Responsibility is that Agent_1 is accused of not identifying in advance Agent_2 who takes on destructive risky projects. I design two cases (Case_1 excludes Joint Responsibility and Case_2 includes it) and prove that Principal’s payoffs in Case_1 weakly dominate that in Case_2. In addition, static comparative analysis shows that how the change of the losses from the bad state of the high risky project, or the parameter of Agent_1’s monitoring costs, alters Agent_1’s monitoring and Principal’s payoffs in equilibrium.Ph. D.Includes bibliographical referencesIncludes vitaby Te-Chien L

    Chevalier contre chien : l'étrange duel du «Tirant lo Blanc»

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    Roubaud Sylvia. Chevalier contre chien : l'étrange duel du «Tirant lo Blanc». In: Mélanges de la Casa de Velázquez, tome 6, 1970. pp. 131-159

    Grace S. Fong, Herself an Author : Gender, Agency, and Writing in Late Imperial China, 2008

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    Zufferey Nicolas. Grace S. Fong, Herself an Author : Gender, Agency, and Writing in Late Imperial China, 2008. In: Études chinoises, n°28, 2009. Numéro spécial sur le droit chinois. pp. 243-247

    Assessing Graduate and Undergraduate Student Needs to Redesign a Chemistry Seminar Course

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    The Chemistry Seminar course at Rutgers University-Newark consists of newer graduate students and upper-level undergraduate students. To maximize student learning, the physical sciences librarian and professor assessed the knowledge and needs of both groups at the beginning of the course and utilized the results in course redesign. The course objectives of learning chemical information literacy skills to prepare for an oral presentation and engagement in department seminars remain of utmost importance, but addressing general curriculum gaps is also considered. Post-course assessments show students find the redesigned course highly useful and valuable for their short and long term needs.Peer reviewe

    Fables: Fong Siue-Fong

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    I already have a similar book with English translations of Feng Hsueh-Feng, now here written Fong Siue-Fong. In fact, I have it in a hardbound first edition of 1953 and a paperbound second edition of 1955. Here is the hardbound French edition of 1955. The artist in those editions was called Huang Yung-yu; here he is Houang Yong-yu. The translator is not here acknowledged. This copy adds a picture of the author at the head of two new pages devoted to him. Surprisingly, the first full-page illustration -- for Le Paysan, les Moineaux et les Alouettes -- is reduced in size (5). Not all of the printer's designs used in the second edition are used here, perhaps because some texts run longer on the page. The order of fables seems to differ from the respective orders in the English editions. As I mention there, the fables are often directly admonitory and/or of a highly political slant. Un Rat Original may have the best illustration (77). Among the most overtly political is the fable on the imperialist weasel munching a duckling (26-8); here again the illustration is reduced, this time to fit horizontally and not vertically onto its page. There is a T of C at the back. The Foreign Languages Press in 1983 also did a paperbound version in smaller format but using the same illustrations, and I have that edition too.This is a hardbound book (hard cover)Language note: FrenchOriginal language: chiStated first editionFong Siue-Fon

    Ji nian guo ji shi ren hui

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    Side A. 1. 雞年國際诗人会 : 序.Live recording."1/1/93"--Spine & side A label."from Loh Wai Fong Jan '93"--Side B label.Electronic reproduction from Rulan Chao Pian Audio Cassette Collection.Spoken by author.Spoken in English and Chinese.Detailed contents in vernacular field only

    [[alternative]]The Initiative of A Waldorf School in Taiwan--the Experience of Fong-Le School (2000-2005)

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    [[abstract]]The focus of this case study is to document the process of the development of Fong-Le School, a ‘ becoming’ Waldorf school which is located in the central part of Taiwan. Fong-Le School was just established in March of 2005, however her initiators worked together after December of 2000. Based on the participation of the researcher who is also one of parents of Fong-Le School, the data of school files, and formal and informal interviews, the school life history since 2000 was reconstructed and written in this thesis. Therefore, the purpose of this study is: (1) to analyze the periods and tasks of development of Fong-Le School; (2)to find the problems and resolutions during the process of school-building; (3)to realize the threefold structure of Fong-Le School’s organization; (4)to research the life of community of Fong-Le School and the practice of Waldorf education; (5)to clarify the role of parents of Fong-Le School during the process of establishment of the school. Finally, the researcher tries to summarize the discoveries and to offer some suggestions to Fong-Le School , the other alternative schools and public schools. Briefly speaking, Fong-Le School is “reborn” by her initiators! After the disappointment of the first trial, the parents and teachers tried again and strived to move to another place to begin a new Waldorf school, Fong-Le School. The process of the initiative of the school was very difficult. Lack of money, buildings, and facilities, parents and teachers of Fong-Le School work together to practice Waldorf education in the light of Anthroposophy and to manage the school in the guidance of the Threefold Social Order. In conclusion, it is realized from the experience of development of Fong-Le School that although the school was just established, her aim to become a Waldorf school is strongly supported by her initiators. However, the Fong-Le School community still faces challenges: her vision and direction in the future, the organization and management of the school, her finances and facilities, her own buildings, etc. And the destiny of Fong-Le School, becoming a Waldorf school, means that there needs more Waldorf teachers trained, more research on Waldorf curriculum suitable for the children in Taiwan. Of course, the survival and prosperity of the school is dependent on the cohesion and striving of the whole community of the school.

    Embedded Data Librarianship: A Case Study of Providing Data Management Support for a Science Department

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    This case study details how a data services librarian and a science librarian collaborate to provide embedded data management support for the research-oriented Department of Earth and Environmental Sciences at Rutgers University–Newark. Combining their familiarity with emerging professional practices and resources, their efforts to gain a deeper understanding of the specific data management needs of researchers in the department, and their research into the evolving research data infrastructure in that particular discipline, the two are able to successfully connect researchers with the best practices in data management, suitable data repositories, and experts in the campus’ Computing Services unit.This is an Accepted Manuscript of an article published by Taylor & Francis in Science & Technology Libraries, published online on 24 September 2015, available online: http://www.tandfonline.com/10.1080/0194262X.2015.1085348.Peer reviewe
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