University of Cyprus

About: University of Cyprus is a education organization based out in Nicosia, Cyprus. It is known for research contribution in the topics: Large Hadron Collider & Standard Model. The organization has 3624 authors who have published 15157 publications receiving 412135 citations.

Predicting corporate failure: empirical evidence for the UK

Abstract: The main purpose of this study is to examine the incremental information content of operating cash flows in predicting financial distress and thus develop reliable failure prediction models for UK public industrial firms. Neural networks and logit methodology were employed to a dataset of fifty-one matched pairs of failed and non-failed UK public industrial firms over the period 1988–97. The final models are validated using an out-of-sample-period ex-ante test and the Lachenbruch jackknife procedure. The results indicate that a parsimonious model that includes three financial variables, a cash flow, a profitability and a financial leverage variable, yielded an overall correct classification accuracy of 83% one year prior to the failure. In summary, our models can be used to assist investors, creditors, managers, auditors and regulatory agencies in the UK to predict the probability of business failure.

Constraints on the spin-parity and anomalous HVV couplings of the Higgs boson in proton collisions at 7 and 8 TeV

Abstract: The study of the spin-parity and tensor structure of the interactions of the recently discovered Higgs boson is performed using the H to ZZ, Z gamma*, gamma* gamma* to 4 l, H to WW to l nu l nu, and H to gamma gamma decay modes. The full dataset recorded by the CMS experiment during the LHC Run 1 is used, corresponding to an integrated luminosity of up to 5.1 inverse femtobarns at a center-of-mass energy of 7 TeV and up to 19.7 inverse femtobarns at 8 TeV. A wide range of spin-two models is excluded at a 99% confidence level or higher, or at a 99.87% confidence level for the minimal gravity-like couplings, regardless of whether assumptions are made on the production mechanism. Any mixed-parity spin-one state is excluded in the ZZ and WW modes at a greater than 99.999% confidence level. Under the hypothesis that the resonance is a spin-zero boson, the tensor structure of the interactions of the Higgs boson with two vector bosons ZZ, Z gamma, gamma gamma, and WW is investigated and limits on eleven anomalous contributions are set. Tighter constraints on anomalous HVV interactions are obtained by combining the HZZ and HWW measurements. All observations are consistent with the expectations for the standard model Higgs boson with the quantum numbers J[PC]=0[++].

Assessing Performance Outcomes in Marketing

Abstract: Research in marketing has increasingly focused on building knowledge about how firms’ marketing contributes to performance outcomes. A key precursor to accurately diagnosing the value firms’ marketing creates is conceptualizing and operationalizing appropriate ways to assess performance outcomes. Yet, to date, there has been little conceptual development and no systematic examination of how researchers in marketing should conceptualize and measure the performance outcomes associated with firms’ marketing. The authors develop a theory-based performance evaluation framework and examine the assessment of such performance outcomes in 998 empirical studies published in the top 15 marketing journals from 1981 through 2014. The results reveal a large number of different performance outcome measures used in prior empirical research that may be only weakly related to one another, making it difficult to synthesize findings across studies. In addition, the authors identify significant problems in how perform...

Statistical Foundations of Econometric Modelling

Abstract: Foreword David Hendry Preface Acknowledgements Part I. Introduction: 1. Econometric modelling, a preliminary view 2. Descriptive study of data Part II. Probability Theory: 3. Probability 4. Random variables and probability distributions 5. Random vectors and their distributions 6. Functions of random variables 7. The general notion of expectation 8. Stochastic processes 9. Limit theorems 10. Introduction to asymptotic theory Part III. Statistical Inferences: 11. The nature of statistical inference 12. Estimation I - properties of estimators 13. Estimation II - methods 14. Hypothesis testing and confidence regions 15. The multivariate normal distribution 16. Asymptotic test procedures Part IV. The Linear Regression and Related Statistical Models: 17. Statistical models in econometrics 18. The Gauss linear model 19. The linear regression model I - specification, estimation and testing 20. the linear regression model II - departures from the assumptions underlying the statistical GM 21. The linear regression model III- departures from the assumptions underlying the probability model 22. The linear regression model IV - departures from the sampling model assumption 23. The dynamic linear regression model 24. The multivariate linear regression model 25. The simultaneous equations model 26. Epilogue: towards a methodology of econometric modelling References Index.

Corporate boards and outside stakeholders as determinants of environmental litigation

Abstract: Each year, hundreds of firms are prosecuted for violating environmental laws and hundreds of millions of dollars in penalties are assessed. At the same time, a much larger number of firms escape the various costs associated with litigation by adhering to the provisions of the same laws and regulations. It is not a priori apparent why this dichotomy exists. In this paper we draw on corporate governance and stakeholder theories to empirically investigate environmental lawsuits. Specifically, we compare the pre-lawsuit profile of 209 violators to a sample of matched control firms between 1994 and 1998. We find that the likelihood of becoming a lawsuit defendant increases with board size, with the fraction of directors in industrial firms, and with the fraction of inside ownership, and decreases with the number of directorships held by outside directors. These findings are robust to alternative dependent variable specifications. Together, our results suggest that managers, researchers, and policy-makers need to direct their attention to the corporate board as the core decision-making unit forming corporate environmental policies. Copyright © 2002 John Wiley & Sons, Ltd.