We examine whether rating agencies act defensively toward issuers with a higher likelihood of default. We find that agencies’ qualitative soft rating adjustments are more accurate as issuers’ d…
This study develops and tests a simple model of voluntary disclosure in which managers can choose to withhold (i.e., redact) certain elements from mandatory disclosure. We consider a setting in whi…
In jobs in which workers have the flexibility to decide how much work to supply, such as in the gig economy, the effect of a wage change on work supply can be hard to predict. A wage increase offer…
Pondasi merupakan bagian dari elemen struktur yang mempunyai fungsi mentransfer beban dari bangunan ke lapisan tanah atau batuan di bawah pondasi. Dalam skripsi ini, digunakan jenis pondasi tiang…
Pada proses pembuatan pondasi pada jembatan yang harus diperhatikan adalah beban vertikal dan beban lateral, biarpun begitu terkadang faktor beban lateral terkadang terlupakan dan menjadi penyeba…
We show that the derivatives of the Sinkhorn–Knopp algorithm, or iterative proportional fitting procedure, converge towards the derivatives of the entropic regularization of the optimal transport…
Permintaan kertas tiap tahunnya semakin meningkat sehingga kayu pun permintaannya semakin meningkat. Besarnya kebutuhan kayu guna memenuhi permintaan tersebut merusak lingkungan, membuat perlu adan…
This article describes a new optical spectroscopy instrument achieving lock-in detection in all its spectral output channels in a parallel and simultaneous fashion. It is based on two identical com…
We report, to the best of our knowledge, the first monolithically-integrated silicon CMOS-photonic co-designed polarization tracking circuit implemented in a 90 nm CMOS SOI process. The Polarizatio…
Most models of epidemic spread, including many designed specifically for COVID-19, implicitly assume mass-action contact patterns and undirected contact networks, meaning that the individuals most …