New York University

About: New York University is a education organization based out in New York, New York, United States. It is known for research contribution in the topics: Population & Poison control. The organization has 72380 authors who have published 165545 publications receiving 8334030 citations. The organization is also known as: NYU & University of the City of New York.

Leverage, Investment, and Firm Growth

Abstract: We show that there is a negative relation between leverage and future growth at the firm level and, for diversified firms, at the segment level. Further, this negative relation between leverage and growth holds for firms with low Tobin's q, but not for high-q firms or firms in high-q industries. Therefore, leverage does not reduce growth for firms known to have good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not recognized by the capital markets or are not sufficiently valuable to overcome the effects of their debt overhang.

The Second Data Release of the Sloan Digital Sky Survey

Abstract: The Sloan Digital Sky Survey (SDSS) has validated and made publicly available its Second Data Release. This data release consists of 3324 deg2 of five-band (ugriz) imaging data with photometry for over 88 million unique objects, 367,360 spectra of galaxies, quasars, stars, and calibrating blank sky patches selected over 2627 deg2 of this area, and tables of measured parameters from these data. The imaging data reach a depth of r ≈ 22.2 (95% completeness limit for point sources) and are photometrically and astrometrically calibrated to 2% rms and 100 mas rms per coordinate, respectively. The imaging data have all been processed through a new version of the SDSS imaging pipeline, in which the most important improvement since the last data release is fixing an error in the model fits to each object. The result is that model magnitudes are now a good proxy for point-spread function magnitudes for point sources, and Petrosian magnitudes for extended sources. The spectroscopy extends from 3800 to 9200 A at a resolution of 2000. The spectroscopic software now repairs a systematic error in the radial velocities of certain types of stars and has substantially improved spectrophotometry. All data included in the SDSS Early Data Release and First Data Release are reprocessed with the improved pipelines and included in the Second Data Release. Further characteristics of the data are described, as are the data products themselves and the tools for accessing them.

The Economics of Networks

Abstract: We analyze the salient features of networks and point out the similarities between the economic structure of networks and the structure of vertically related industries. The analysis focuses on positive consumption and production externalities, commonly called network externalities. We discuss their sources and their effects on pricing and market structure. We distinguish between results that do not depend on the underlying industry microstructure (the macro approach) and those that do (the micro approach). We analyze the issues of compatibility, coordination to technical standards, interconnection and interoperability, and their effects on pricing and quality of services and on the value of network links in various ownership structures. We also briefly discuss the issue of interconnection fees for bottleneck.

The limits to scale? Methodological reflections on scalar structuration

Abstract: Fruitful new avenues of theorization and research have been opened by recent writings on the production of geographical scale. However, this outpouring of research on scale production and on rescaling processes has been accompanied by a notable analytical blunting of the concept of geographical scale as it has been blended unreflexively into other core geograph- ical concepts such as place, locality, territory and space. This essay explores this methodological danger: first, through a critical reading of Sallie Marston's (2000) recent article in this journal on 'The social construction of scale'; second, through a critical examination of the influential notion of a politics 'of ' scale. A concluding section suggests that our theoretical grasp of geographical scale could be significantly advanced if scaling processes are distinguished more precisely from other major dimensions of sociospatial structuration under capitalism. Eleven methodological hypotheses for confronting this task are then proposed.

Accelerated universe from gravity leaking to extra dimensions

Abstract: We discuss the idea that the accelerated universe could be the result of gravitational leakage into extra dimensions over Hubble distances rather than the consequence of a nonzero cosmological constant.