A Stakeholder Rationale for Risk Management : Implications for Corporate Finance Decisions
Ordinarily, only the interests of shareholders, debtholders, and corporate management are taken into account when analyzing corporate financial decisions while the interests of non-financial stakeholders are often neglected. Gregor Gossy develops a so-called stakeholder rationale for risk management arguing that firms which are more dependent on implicit claims from their non-financial stakeholders, such as customers, suppliers, and employees, prefer conservative financial policies. In order to perform panel data analyses of the determinants of corporate financial decisions, the author uses data from Austrian and German industrial companies. He shows that variables for a firm’s most important non-financial stakeholders explain the firm’s capital structure and cash holding decisions. His findings suggest that a firm’s choice of accounting standards have a moderating effect on the determinants of corporate finance decisions.
Market-Consistent Actuarial Valuation
It is a challenging task to read the balance sheet of an insurance company. This derives from the fact that different positions are often measured by different yardsticks. Assets, for example, are mostly valued at market prices whereas liabilities are often measured by established actuarial methods. Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in the same way. The mathematical framework that leads to market-consistent values for insurance liabilities is explained in detail by the authors. Topics covered are Stochastic discounting, Valuation portfolio in life and non-life insurance, Asset and liability management, Financial risks, Insurance technical risks, and Solvency.
An Invitation to Quantum Cohomology : Kontsevich's Formula for Rational Plane Curves
This book is an elementary introduction to stable maps and quantum cohomology, starting with an introduction to stable pointed curves, and culminating with a proof of the associativity of the quantum product. The viewpoint is mostly that of enumerative geometry, and the red thread of the exposition is the problem of counting rational plane curves. Kontsevich's formula is initially established in the framework of classical enumerative geometry, then as a statement about reconstruction for Gromov–Witten invariants, and finally, using generating functions, as a special case of the associativity of the quantum product.
An Archaeological Evolution
An Archaeological Evolution is a personal recounting of his life as it is played out among some of the most important debates and movements in archaeology starting in the 1960's up to the 21st century.This seminal volume will be of interest to archaeologists (both professional and academic), anthropologists, historians, and conservators in or studying the United States but also, wherever archaeology is taught and practiced.
Algorithms in Real Algebraic Geometry
The algorithmic problems of real algebraic geometry such as real root counting, deciding the existence of solutions of systems of polynomial equations and inequalities, finding global maxima or deciding whether two points belong in the same connected component of a semi-algebraic set appear frequently in many areas of science and engineering. In this first-ever graduate textbook on the algorithmic aspects of real algebraic geometry, the main ideas and techniques presented form a coherent and rich body of knowledge, linked to many areas of mathematics and computing.
Advanced Time-Correlated Single Photon Counting Techniques
Time-correlated single photon counting (TCSPC) is a remarkable technique for recording low-level light signals with extremely high precision and picosecond-time resolution. TCSPC has developed from an intrinsically time-consuming and one-dimensional technique into a fast, multi-dimensional technique to record light signals. So this reference and text describes how advanced TCSPC techniques work and demonstrates their application to time-resolved laser scanning microscopy, single molecule spectroscopy, photon correlation experiments, and diffuse optical tomography of biological tissue. It gives practical hints about constructing suitable optical systems, choosing and using detectors, detector safety, preamplifiers, and using the control features and optimising the operating conditions of TCSPC devices. Advanced TCSPC Techniques is an indispensable tool for everyone in research and development who is confronted with the task of recording low-intensity light signals in the picosecond and nanosecond range.
Account management strategies in B2B sales : Generating customer value and building sustainable business relationships - methodology, processes, tools
Provides employees and managers in sales with a clearly defined process for building sustainable business relationships along the account journey. Using a structured method, you will learn how to set yourself up for success right from the start, increase your competitiveness, increase market share and generate more sales.
18 Unconventional Essays on the Nature of Mathematics
This essays edited by Reuben Hersh contains frank facts and opinions from leading mathematicians, philosophers, sociologists, cognitive scientists, and even an anthropologist. Each essay provides a challenging and thought-provoking look at recent advances in the philosophy of mathematics, demonstrating the possibilities of thinking fresh, sticking close to actual practice, and fearlessly letting go of standard shibboleths.
103 Trigonometry Problems : From the Training of the USA IMO Team
103 Trigonometry Problems contains highly-selected problems and solutions used in the training and testing of the USA International Mathematical Olympiad (IMO) team. Though many problems may initially appear impenetrable to the novice, most can be solved using only elementary high school mathematics techniques.








