David Canfield Smith

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workshops, where earlier versions of the paper were presented under different titles. We would also like to thank Nick Bradley, Ian Byrne, George Dallas, and Laurie Kizik for providing us with S&P Transparency Rankings and CLSA Corporate Governance Scores, Mara Faccio and Larry Lang for their generosity in sharing their ownership data, and Vlad Charniauski(More)
first commercial product based on PBD technology—Stagecast Creator, introduced in March 1999—enabling even children to create their own interactive stories, games, and simulations. Here, we describe this approach, offer independent evidence that it works for novices, and discuss why it works when other approaches haven't and, more important, can't. The(More)
oftware agents are our besf hope during the 1990s for obtaining more power and utility from personal computers. Agents have the potential to partiti$xzte nrtively in accomplishing tasks, rather than serving as passive tools as do today's applications. However, people do not want generic agents-they want help with lhtir jobs, their tasks, their goals. Agents(More)
  • CRISIS, Steven Ongena, David C. Smith, Dag Michalsen, Øyvind Bøhren, Doug Breeden +12 others
  • 2000
NOTE: International Finance Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment. References to International Finance Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Recent IFDPs are available on the Web at(More)
We present evidence on the duration of firm-bank relationships using a unique panel data set of connections between Oslo Stock Exchange-listed firms and their banks for the period 1979-1994. We focus on the determinants of the duration of a relationship and the causes for ending an existing bank relationship. We find that duration itself does not greatly(More)
The absence of data has, until now, precluded virtually all research on trading volume in the foreign exchange market. This paper introduces a new high-frequency foreign exchange dataset from EBS (Electronic Broking Service) that includes trading volume in the global interdealer spot market. The dataset gives volumes and prices at the one-minute frequency(More)
x crox introduced the 8010 " Star " Information System in April of 1Y8 I. That introductton was an important event in the history of personal computing because it changed notions of how interacttve systems should be designed. Several of Star's designers. some of us responsible for the origmal dectpn and others for recent improvements, describe in this(More)
A conceptual gap exists between the # representations that people use in their minds when thinking about a problem and the representations that computers will accept when they are programmed. Introduction During the past 30 years there have been many attempts to enable ordinary people-people who are not professional programmers to program computers.(More)
We estimate the impact of bank merger announcements on borrowers' stock prices for publicly traded Norwegian firms. In addition, we analyze how bank mergers influence borrower relationship termination behavior and relate changes in the propensity to terminate to borrower abnormal returns. We find that borrowers lose, on average, about 0.8 percent in equity(More)