Digital Commons Network^™

Estimating The Dynamics Of Mutual Fund Alphas And Betas, Harry Mamaysky, Matthew Spiegel, Hong Zhang

Research Collection Lee Kong Chian School Of Business

This article develops a Kalman filter model to track dynamic mutual fund factor loadings. It then uses the estimates to analyze whether managers with market-timing ability can be identified ex ante. The primary findings are as follows: (i) Ordinary least squares (OLS) timing models produce false positives (nonzero alphas) at too high a rate with either daily or monthly data. In contrast, the Kalman filter model produces them at approximately the correct rate with monthly data; (ii) In monthly data, though the OLS models fail to detect any timing among fund managers, the Kalman filter does; (iii) The alpha and …

Pengaruh Volatilitas Nilai Tokar Terhadap Volume Ekspor Beberapa Kelompok Komoditi Perdagangan Indonesia, Arindra A. Zainal

Jurnal Ekonomi dan Pembangunan Indonesia

The relationship between exchange rate volatility and export performance has been scrutinized by many economists since Bretton Wood System collapsed in 1971. Although most of the results show that there is a negative relationship between exchange rate volatility and export performance, we also find that some studies show a positive one. This study used some Indonesian group of commodities data to find the relationship between exchange rate volatility and export performance.

While General Autoregressive Conditional Heteroscedasticity (GARCH) was used to calculate exchange rate volatility, this study used Pesharan & Shin ARDL cointegration test in order to find long run relationship …

Is There Such A Thing As “Defended Community Homicide”?: The Necessity Of Methods Triangulation, Ryan Spohn

Center on Children, Families, and the Law: Faculty Publications

Data on homicides in Buffalo, New York, are analyzed to demonstrate the importance of “methods triangulation” for assessing the validity of quantitative measures. Defended community homicides are quantitatively operationalized as acts that occur in the offender’s community against a nonlocal victim. Poisson models provide strong support for the existence of defended community homicide, which is significantly more common in residentially stable and racially homogenous neighborhoods. However, subsequent qualitative analyses of the victim and offender characteristics and motives of these homicides undermine the “defended community” concept. Qualitative analyses are necessary to assess the validity of quantitative measures in criminological research.

The Vision Of Enoch: Structure Of A Masterpiece, Terrence L. Szink

Journal of Book of Mormon Studies

The seventh chapter of the Book of Moses portrays Enoch’s vision of the history and future of the world within a specific literary framework. The text, coming from the Joseph Smith Translation of the Bible, outlines three periods of time: (1) the days of Noah, (2) the meridian of time, and (3) the last days. The portrayal of each of these time periods contains five similar characteristics. Szink also compares this text with accounts in the Bible and other nonbiblical sources to further understand the vision and the significance of its framework. By presenting the three periods in a literary …

Identifying Our Best Candidate For Nephi's Bountiful, Warren P. Aston

Journal of Book of Mormon Studies

Scholars have presented and defended different viewpoints concerning the Lehite journey and the location of Nephi’s Bountiful. Aston explains that some of these arguments contain factual errors, such as claims regarding fertility and timber for Nephi’s ship and a lack of accounting for all possibilities. Discrepancies in theories and differences in opinion do not lessen the worth of all that has been found in Arabia and the supported theories, but acknowledging the sometimes contrary data will aid the search for the best candidate for Nephi’s Bountiful.

Journal Of The Book Of Mormon And Restoration Scripture Volume 17 Issues 1 & 2, Neal A. Maxwell Institute For Religious Scholarship

Journal of Book of Mormon Studies

The Journal of the Book of Mormon and Restoration Scripture is a peer-reviewed journal dedicated to promoting understanding of the history, meaning, and significance of the scriptures and other sacred texts revealed through the Prophet Joseph Smith.

Taxation Without Liquidation: Rethinking "Ability To Pay", Sergio Pareja

Faculty Scholarship

This Article proposes a novel way to tax wealth transfers. Specifically, it suggests that we divide all assets transferred by gift or bequest into two classes--illiquid assets and liquid assets. The recipient should include those assets in income but be allowed two options. With respect to illiquid assets, the recipient should be able to avoid immediate income inclusion if he takes the property with an income-tax basis of zero. With respect to liquid assets, the recipient should be allowed a full income-tax deduction if he rolls the gift or bequest into a deductible IRA. The combination of these simple rules …

Patent-Mediated Standards In Genetic Testing, Eileen M. Kane

Utah Law Review

Genetic testing can be used to identify disease susceptibility, establish diagnostic status, and design therapeutic regimens in medical care. The opportunities to apply genetic knowledge to medical problems have expanded rapidly in the DNA-based era of molecular genetics. Two legal realities are also shaping the development of the genetic testing field in the U.S. First, there is no FDA premarket review of most commercially available genetic tests. Second, many DNA sequences and genetic testing methods are patented. The intersection of these two realities explains some of the clinical dilemmas that have arisen in genetic testing.

The Politics Of Policing: Ensuring Stakeholder Collaboration In The Federal Reform Of Local Law Enforcement Agencies, Kami Chavis Simmons

Faculty Publications

Title 42 U.S. C. § 14141 authorizes the United States Department of Justice ("DOJ") to seek injunctive relief against local law enforcement agencies to eliminate a pattern or practice of unconstitutional conduct by these agencies. Rather than initiate lawsuits to reform these agencies, DOJ's current strategy is to negotiate reforms using a process that involves only DOJ representatives, municipality officials, and police management officials. While there are many benefits of negotiating the reforms, the current process excludes important stakeholders directly impacted by the reforms, including community members, who are the consumers of police services, and the rank-and-file police officers, whom …

The Perfect Compromise: Bridging The Gap Between At-Will Employment And Just Cause, Nicole Buonocore Porter

Faculty Publications

The debate [between the at-will employment rule and termination for just cause] has been raging for years, but it is not the primary purpose of this Article to rehash the debate over the value of employment at-will. Instead of taking sides, I find fault with both at-will employment and the just cause standard. Accordingly, the main purpose of this Article is to provide the perfect compromise between at-will employment and the just cause standard.

Under this proposed statute (which I have named the "Employment Termination Equity Act (ETEA)"), employers would be free to terminate without the burden of proving just …

Anna Fornalczyk, Biznes A Ochrona Konkurencji [Business And The Protection Of Competition], Oficyna A Wolters Kluwer Business, Kraków 2007, 220 P., Krzysztof Obłój

Yearbook of Antitrust and Regulatory Studies

No abstract provided.

Efficient Mining Of Heterogeneous Star-Structured Data, Manjeet Rege, Qi Yu

Articles

Many of the real world clustering problems arising in data mining applications are heterogeneous in nature. Heterogeneous co-clustering involves simultaneous clustering of objects of two or more data types. While pairwise co-clustering of two data types has been well studied in the literature, research on high-order heterogeneous co-clustering is still limited. In this paper, we propose a graph theoretical framework for addressing star- structured co-clustering problems in which a central data type is connected to all the other data types. Partitioning this graph leads to co-clustering of all the data types under the constraints of the star-structure. Although, graph partitioning …

The People-Profit Polarity, Donna Dickson, Sara Cegelski

Articles

No abstract provided.

Distance Relaying Algorithm For Double-Circuit Transmission Line With Compensation For Reactance Effect Under Standard Availability Of Measurements, Jan Izykowski, Marcin Bozek

Turkish Journal of Electrical Engineering and Computer Sciences

This paper deals with non-pilot distance protection of a double-circuit transmission line. Negative impact of the reactance effect, appearing in measuring a fault loop impedance, on operation of the relay is discussed. An adaptive algorithm allowing one to prevent the relay from mis- or mal-operation caused by the reactance effect is introduced. The algorithm is designed for a standard availability of measurements from one end of the double-circuit line, i.e. when three-phase voltage and current from the faulted line circuit, and additionally zero-sequence current from the healthy line circuit, are provided as the relay input signals. The algorithm is based …

History And Symptoms Of Psychology, Peter Hauser

Articles

The History and Systems of Psychology course provides background to the development of current psychological perspectives. It examines beliefs, practices, achievements and limitations of various systems of psychology from Greek times through to the late 20th century.

Canon Digital Rebel Vs. Fuji Is-1 Infrarecapd Able Camera, Andrew Davidhazy

Articles

This is an article on how one might make a makeshift infrared transmitting filter using two relatively easy to obtain glass filters to substitute for a true infrared filter, the Wratten #87. This test also compares the performance of a Canon camera not designed for IR use and a Fuji IS-1 that is infrared capable. Added here in February 2008.

Front Projection: A Useful Compositing Special Effects Technique, Andrew Davidhazy

Articles

Photographers have devised many different ways to place a subject of choice against some desired and visually interesting and appropriate background without going to the expense of traveling to exotic locations on the world or having at their disposal a large variety of background props. This article describes a novel "traditional" technique especially useful for social photography but also advertising and illustration. Added here in April 2008.

The Rewilding Of New York's North Country: Beavers, Moose, Canines And The Adirondacks, Peter Aagaard

Graduate Student Theses, Dissertations, & Professional Papers

This project examines the restoration histories of beavers (Castor canadensis), moose (Alces alces americana), and wild canines (Canis spp.) within the Adirondack Highlands of northern New York. Devastated by the depredations of nineteenth century woodsmen, the populations of these large mammals rebounded during the twentieth century. Numbering fewer than ten in 1895, the Adirondacks’ remnant beaver population recolonized the region’s lakes, ponds, streams, and rivers over the next twenty-five years, assisted by the presence of prime habitat, a state-enforced moratorium on beaver trapping, and timely reinforcements. Hunters shot the last of the Adirondacks’ moose near Raquette Lake in 1861. Moose …

Spatial Variability In Forest Fuels: Simulation Modeling And Effects On Fire Behavior, Russell Andrew Parsons

Graduate Student Theses, Dissertations, & Professional Papers

Forests in the western United States and elsewhere face a growing crisis arising from global warming, changes in fuel beds and an increasing human population. Fire management policy emphasizes fuel treatments, such as thinning and prescribed burning, to remedy this situation because fuels are the one component of the problem that we can directly affect through management action. At present, however, the tools we have for the evaluation of fuel treatments are inadequate because they do not describe the fuel bed, or effects of modifications to the fuel bed on fire behavior in sufficient detail. The work described here presents …

Congressional Responses To Judicial Decisions, Neal Devins

Faculty Publications

No abstract provided.

Self-Policing In A Targeted Enforcement Regime, Sarah L. Stafford

Faculty Publications

This paper adds to the debate over whether self-policing can increase environmental protection by considering an issue that has been ignored in previous models—that self-policing may influence future enforcement. The model combines self-policing with targeted enforcement and allows for both deliberate and inadvertent violations. As expected, rewarding self-policers with more lenient future enforcement increases auditing, remediation, and disclosure of inadvertent violations. Self-policing can also serve as a complement to deliberate compliance and can thus further increase environmental performance. However, under reasonable conditions, self-policing can be a substitute for deliberate compliance and could therefore be detrimental to environmental protection.

Objectivity And Subjectivity In Contract Law: A Copernican Response To Professor Shiffrin, Jeffrey M. Lipshaw

Suffolk University Law School Faculty Works

This is a response to Seana Shiffrin's recent and important contribution to the continuing debate whether there is a universal moral or economic truth at the heart of contract law. Her most significant advance toward a general theory of promise and contract is not, however, her analysis of the divergence of morality and contract, but instead her identification of the critical moment at which the interposition of the public in a private matter occurs or is contemplated. This essay carries that theme forward, suggesting that a universal justification for contract law is not possible because the law, by its very …

The Buck Stops Where? A Critique Of Vicarious Liability In The Medical Malpractice Context, C.J. Colwell

Dalhousie Journal of Legal Studies

In Canadian tort law, liability is almost always linked to some notion of fault, save for a few well-established exceptions. By far the most common exception is vicarious liability, i.e. the liability of employers for the torts of their employees. In its 1999 ruling in Bazley v. Curry, the Supreme Court of Canada articulated exactly why this kind of faultless liability exists in Canada, and how it is justified. In medical malpractice cases involving teaching hospitals, there are usually three possible defendants to a negligence action: the attending physician, the treating resident, and the hospital. Due to the legal nature …

Evolution Of Roots, Robin Eileen Browning

Graduate Student Theses, Dissertations, & Professional Papers

Browning, Robin, M.A., June 2008 Integrated Arts and Education Evolution of Roots Chairperson: Karen Kaufmann Committee Members: Jim Kriley and Dorothy Morrison Somewhere a seed was planted long ago. It grew, changed and developed. It was sheltered, nurtured, fed and pruned. This seed took form, evolving to become a tiny sprout. The sprout was exposed to warmth and rain, time and sometimes pain, a process lending to further maturation. This in turn, once again, changed the youngster to a young sapling. Education, unfamiliar concepts, and exposure to new and different areas and elements developed this young sapling into an adult …

Xylaric Acid, D-Arabinaric Acid (D-Lyxaric Acid), L-Arabinaric Acid (L-Lyxaric Acid), And Ribaric Acid-1,4-Lactone; Synthesis And Isolation - Synthesis Of Polyhydroxypolyamides Therefrom, Michael Raymond Hinton

Graduate Student Theses, Dissertations, & Professional Papers

This dissertation describes the nitric acid oxidation of the pentoses D-xylose, L-arabinose, D-arabinose, and D-ribose to produce xylaric acid, L-arabinaric acid (L-lyxaric acid), D-arabinaric acid (D-lyxaric acid), and ribaric acid, respectively, or salts therefrom. Isolation of the aldaric acids from nitric acid has proven difficult in prior reports and an improved nitric acid oxidation and isolation method for each aldaric acid is described.

Aldaric acids are the starting monomers for a class of polymers known as polyhydroxypolyamides (PHPAs) or "hydroxylated nylons," produced through condensation polymerization of the esterified aldaric acid and a diamine of choice. In an effort to obtain …

Second Language Instruction With Phonological Knowledge: Teaching Arabic To Speakers Of English, Khalid Y. Huthaily

Graduate Student Theses, Dissertations, & Professional Papers

This study examined whether explicit instruction in phonetics and the phonologies of English and Arabic improved the sound production and recognition skills of adult native speakers of English learning Arabic as a foreign language. The study utilized an intervention strategy that introduced the letters and sounds of Arabic to two groups of adult English-speaking learners of Arabic.

Forty-six students of Arabic 101 at The University of Montana participated in the study as the control and experimental groups. The experimental group received instruction on the letters and sounds of Arabic with an introduction to phonetics and the phonologies of English and …

The Vesicular Glutamate Transporter (Vglut): Heterologous Expression, Proteoliposome, Computational And Mass Spectral Studies, Chih-Kai Chao

Graduate Student Theses, Dissertations, & Professional Papers

Vesicular glutamate transporters (VGLUTs) are integral membrane proteins that uptake glutamate into synaptic vesicles and are involved in glutamatergic neurotransmission. Since VGLUTs were identified and cloned, efforts have been made to characterize their functional roles. However, due to experimental limitations, the structural features of VGLUT protein remain unclear. In an attempt to better understand VGLUTs, computational and biochemical approaches were employed to characterize them. Plasmid DNA encoding rat VGLUT1 was constructed, amplified and expressed in Pichia pastoris to produce VGLUT1 protein. Immobilized metal affinity chromatography (IMAC) was employed to purify the protein for structural analysis by mass spectrometry and to …

Place-Based Conservation Legislation And National Forest Management: The Case Of The Beaverhead-Deerlodge Partnership, Michael Thomas Fiebig

Graduate Student Theses, Dissertations, & Professional Papers

This paper investigates the use of place-based conservation legislation as a tool for conflict resolution, wilderness designation and unit-level administrative planning reform on national forests by analyzing the case of the Beaverhead-Deerlodge Partnership in Southwestern Montana. The codification of place-based negotiated compromises over forest management is a significant departure from the administrative planning approach used to resolve multiple-use conflicts by the U.S. Forest Service. The goals of this paper were to develop a place-based legislation typology for natural resources policy, to determine the motivations for seeking this approach, and to analyze its use. Preliminary research for this project was begun …

Fifty Years Of Memory Of College Grades: Accuracy And Distortions, Harry P. Bahrick, Lynda K. Hall, Laura A. Da Costa

All Faculty and Staff Scholarship

One to 54 years after graduating, 276 alumni correctly recalled 3,025 of 3,967 college grades. Omission errors increased with the retention interval, and better students made fewer errors. Accuracy of recall increased with confidence in recall. Eighty-one percent of commission errors inflated the actual grade. Distortions occur soon after graduation, remain constant during the retention interval, and are greater for better students and for courses students enjoyed most. Confidence in recall is unrelated to distortion. Courses that were not freely recalled, but had to be cued, were recalled less accurately and with less distortion. The data support a supplementary theory …

Mirabile Dictu: The Bryn Mawr College Library Newsletter 12 (2008), Bryn Mawr College Library

Mirabile Dictu: Newsletter of the Bryn Mawr College Libraries

No abstract provided.