Ban, Boom, and Echo! Entrepreneurship and Initial Coin Offerings

2020 ◽  
pp. 104225872094011 ◽  
Author(s):  
Cristiano Bellavitis ◽  
Douglas Cumming ◽  
Tom Vanacker
Keyword(s):  
Large Scale ◽  
Entrepreneurial Finance ◽  
Long Term Effects ◽  
Market Selection ◽  
Short Term ◽  
Regulatory Approach ◽  
Short And Long Term ◽  
Initial Coin Offerings

Regulatory spillovers occur when regulation in one country affects either the expected regulatory approach and/or entrepreneurial finance markets in other countries. Drawing on institutional theory, we investigate the global implications of a regulatory spillover on entrepreneurship. We argue that regulatory spillovers have both short- and long-term effects on the number and quality of entrepreneurial finance initiatives such as Initial Coin Offerings (ICOs). Based on a large-scale sample of ICOs in 108 countries, we find that a regulatory ban of ICOs in one country causes a short-term increase in the number of low-rated ICOs in other countries and a long-term drop in the number of ICOs, especially low-rated, which increases the average ICO rating. That is, a restrictive regulation triggered a process of increased market selection.

scholarly journals Short- and Long-Term Effects of Nonconsciously Processed Ambient Scents in a Servicescape: Findings From Two Field Experiments

2019 ◽  
Vol 22 (4) ◽  
pp. 440-455 ◽  
Author(s):  
Anna Girard ◽  
Marcel Lichters ◽  
Marko Sarstedt ◽  
Dipayan Biswas
Keyword(s):  
Large Scale ◽  
Field Experiments ◽  
Field Studies ◽  
Long Term Effects ◽  
Short Term ◽  
Railway Company ◽  
Short And Long Term ◽  
Ambient Scents ◽  
Short Term Effects

Ambient scents are being increasingly used in different service environments. While there is emerging research on the effects of scents, almost nothing is known about the long-term effects of consumers’ repeated exposure to ambient scents in a service environment as prior studies on ambient scents have been lab or field studies examining short-term effects of scent exposure only. Addressing this limitation, we examine the short- and long-term effects of ambient scents. Specifically, we present a conceptual framework for the short- and long-term effects of nonconsciously processed ambient scent in olfactory-rich servicescapes. We empirically test this framework with the help of two large-scale field experiments, conducted in collaboration with a major German railway company, in which consumers were exposed to a pleasant, nonconsciously processed scent. The first experiment demonstrates ambient scent’s positive short-term effects on consumers’ service perceptions. The second experiment—a longitudinal study conducted over a 4-month period—examines scent’s long-term effects on consumers’ reactions and demonstrates that the effects persist even when the scent has been removed from the servicescape.

Enhancing Quality of Life of Families Who Use Adult Day Services: Short- and Long-Term Effects of the Adult Day Services Plus Program

2006 ◽  
Vol 46 (5) ◽  
pp. 630-639 ◽  
Author(s):  
L. N. Gitlin ◽  
K. Reever ◽  
M. P. Dennis ◽  
E. Mathieu ◽  
W. W. Hauck
Keyword(s):  
Quality Of Life ◽  
Long Term Effects ◽  
Adult Day Services ◽  
Short And Long Term ◽  
Day Services

Differential Effects of Worry and Imagery After Exposure to a Stressful Stimulus: A Pilot Study

1995 ◽  
Vol 23 (1) ◽  
pp. 45-56 ◽  
Author(s):  
Gillian Butler ◽  
Adrian Wells ◽  
Hilary Dewick
Keyword(s):  
Pilot Study ◽  
Emotional Processing ◽  
Long Term Effects ◽  
Short Term ◽  
Differential Effects ◽  
Short And Long Term ◽  
Intrusive Cognitions ◽  
Stressful Stimulus ◽  
Do So

Imagery appears to be associated with higher levels of anxiety than does worry. Borkovec has argued that worry could be a way of avoiding distressing imagery and the associated affect. Thus worry could suppress emotional activation, interfere with emotional processing, and contribute to the maintenance of anxiety. This hypothesis suggests that short and long-term effects of worrying after experiencing a distressing stimulus should differ from the effects of engaging in imagery. In the short term, imagery should maintain anxiety while worry should not do so, or should do so less. In the longer term, worry should be a less successful way of reducing anxiety associated with the stimulus than imagery, and should be followed by a greater number of intrusive cognitions (indicating the relative failure of emotional processing). These predictions were tested by asking subjects to worry, engage in imagery or “settle down” after watching a distressing video. The results were broadly consistent with the hypothesis. Other interpretations are also considered.

Percutaneous Nephrolithotomy: Short- and Long-Term Effects on Health-Related Quality of Life

2015 ◽  
Vol 29 (1) ◽  
pp. 13-17 ◽  
Author(s):  
Daniel Adolfo Pérez-Fentes ◽  
Francisco Gude ◽  
Benito Blanco ◽  
Camilo García Freire
Keyword(s):  
Quality Of Life ◽  
Percutaneous Nephrolithotomy ◽  
Health Related Quality ◽  
Long Term Effects ◽  
Related Quality ◽  
Health Related ◽  
Short And Long Term

Doubly modifiable synapses: a model of short and long term auto-associative memory

1989 ◽  
Vol 238 (1291) ◽  
pp. 137-154 ◽  
Keyword(s):  
Long Term Memory ◽  
Short Term ◽  
High Quality ◽  
Stage Process ◽  
Short And Long Term ◽  
Associative Recall ◽  
Term Performance ◽  
Long Term Experience

Synapses that can be strengthened in temporary and persistent manners by two separate mechanisms are shown to have powerful advantages in neural networks that perform auto-associative recall and recognition. A multiplicative relation between the two weights allows the same set of connections to be used in a closely interactive way for short-term and long-term memory. Algorithms and simulations are described for the storage, consolidation and recall of patterns that have been presented only once to a network. With double modifiability, the short-term performance is dramatically improved, becoming almost independent of the amount of long-term experience. The high quality of short-term recall allows consolidation to take place, with benefits from the selection and optimization of long term engram s to take account of relations between stored patterns. Long-term capacity is greater than short-term capacity, with little or no deficit compared with that, obtained with singly modifiable synapses. Long-term recall requires special, simply implemented, procedures for increasing the temporary weights of the synapses being used to initiate recall. A consolidation algorithm is described for improving long-term recall when there is overlap between patterns. Confusional errors are reduced by strengthening the associations between non-overlapping elements in the patterns, in a two-stage process that has several of the characteristics of sleep.

scholarly journals Modelling large timescale and small timescale service variability

2019 ◽  
Vol 293 (1) ◽  
pp. 123-140
Author(s):  
Marco Gribaudo ◽  
Illés Horváth ◽  
Daniele Manini ◽  
Miklós Telek
Keyword(s):  
Service Time ◽  
Large Scale ◽  
Service Time Distribution ◽  
Efficient Computation ◽  
Short Term ◽  
Service Unit ◽  
Long Term Effect ◽  
Short And Long Term ◽  
Short Term Variability

Abstract The performance of service units may depend on various randomly changing environmental effects. It is quite often the case that these effects vary on different timescales. In this paper, we consider small and large scale (short and long term) service variability, where the short term variability affects the instantaneous service speed of the service unit and a modulating background Markov chain characterizes the long term effect. The main modelling challenge in this work is that the considered small and long term variation results in randomness along different axes: short term variability along the time axis and long term variability along the work axis. We present a simulation approach and an explicit analytic formula for the service time distribution in the double transform domain that allows for the efficient computation of service time moments. Finally, we compare the simulation results with analytic ones.

scholarly journals INDUSTRIALIZATION AND TRANSPORT IN INDONESIA ON ENVIRONMENTAL DEGRADATION

TRIKONOMIKA ◽  
2020 ◽  
Keyword(s):  
Co2 Emissions ◽  
Environmental Degradation ◽  
Negative Impact ◽  
Positive Impact ◽  
Analysis Method ◽  
Long Term Effects ◽  
Short Term ◽  
Industrial Sectors ◽  
Short And Long Term

Economic development in a country is indicated by an increase in the number of industrial sectors and other supporting facilities such as transportation. However, there is another impact on developments industrial sectors and transportation, especially environmental degradation. Air pollution is one of the environmental degradation. This research was conducted to determine the short-term and long-term environmental impact of industry and transport in Indonesia. The data analysis method in this research used Autoregressive Distribution Lag (ARDL) to see the short-term and long-term effects between research variables. The data used are data on CO2 emissions, the amount of industries and transport in Indonesia from 1965 - 2018. The results showed that the industry had a negative impact on increasing CO2 emissions in the short and long term. Meanwhile, transportation has a positive impact in the short term and a negative impact in the long term.

Short and long-term effects of fire and vegetation cover on four lizard species in Amazonian savannas

2020 ◽  
Author(s):  
Erika dos Santos Souza ◽  
Albertina P. Lima ◽  
William E. Magnusson ◽  
RICARDO ALEXANDRE KAWASHITA-RIBEIRO ◽  
Rodrigo Ferreira Fadini ◽  
...  
Keyword(s):  
Vegetation Cover ◽  
Long Term Effects ◽  
Short Term ◽  
Lizard Species ◽  
Random Factor ◽  
Positive Effects ◽  
Temporal Sampling ◽  
Short And Long Term ◽  
Main Effects

Ecological succession in tropical savannas is limited by seasonal fire, which affects habitat quality. Although fire may cause negligible or positive effects on animals occupying savannas, most short-term studies (months to a few years) are based on a single temporal sampling snapshot, and long-term studies (decades) are rare. We sampled four lizard species in Amazonian savannas to test the effects of fire and vegetation cover on lizard densities at two temporal scales. In the short-term, we use three sampling snapshots to test the effects of fire and vegetation cover on estimated lizard densities over the subsequent 1–5 years. In the long-term, we test the effects of fire and changes in vegetation cover over 21 years on current lizard density differences. In the short-term, species responses were usually consistent with foraging and thermoregulation modes. However, the results were not consistent among species and years, although the variances in species density explained by year as a random factor were generally low. In the long-term, the main effects of fire and vegetation cover show that lizard densities may change spatially, but not necessarily temporarily. Wildfire is a natural resource of savannas and apparently have little impact on resident lizards of that ecosystem.

scholarly journals Short- and long-term effects of rearing dairy calves with contact to their mother on their reactions towards humans

2020 ◽  
Vol 87 (S1) ◽  
pp. 148-153 ◽  
Author(s):  
Susanne Waiblinger ◽  
Kathrin Wagner ◽  
Edna Hillmann ◽  
Kerstin Barth
Keyword(s):  
Dairy Calves ◽  
Long Term Effects ◽  
Young Stock ◽  
Human Contact ◽  
Significant Difference ◽  
Short And Long Term ◽  
Relationship Of ◽  
The Relationship

AbstractIn this Research Communication we address the hypotheses that reduced contact with humans during the first week of life would impair the relationship of dairy calves reared in dam-calf-contact systems to humans in comparison with artificially reared animals, but that this difference would vanish over time. Artificially reared calves (Artificial) that had been separated from their mother within 12 h after birth were bottle-fed with colostrum for 5 d and thereafter sucked milk from an automatic milk feeder. Animals reared with dam-calf contact (Dam-contact) were kept in the calving pen with their dam for 5 d, and then had permanent access to the cow barn and thus to their dam. Calves were weaned at an age of 12 weeks and kept in young stock groups mixed of both treatments until integration into the cow herd. We tested the animals’ relationship with humans by assessing the animals' responses towards an unfamiliar person in an avoidance distance (AD) test in the home environment at 4 weeks of age, at 15 months and at 33 months. In calves, we additionally measured AD in a novel arena after a stationary person test. Artificial animals had lower AD, i.e. showed lower level of fear, than Dam-contact calves. However, the AD in Dam-contact calves decreased with increasing number of days they experienced assistance for suckling. Further, there was no significant difference in later ages. In conclusion, gentle human contact in combination with feeding during the first 5 d of life improved calves' relationship to humans leading to differences between the two treatments as well as within the Dam-contact calves. Potential effects under different conditions regarding quantity and quality of human-animal interactions need further research.

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