An Error Was Encountered

Error Number: 1054

Unknown column 'cache_on' in 'field list'

UPDATE `aff_pdf_cache` SET `cache` = 'a:10:{i:0;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"8973\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:66:\"The Effects of Uncertainty on the Leverage of Non-Financial Firms\";s:11:\"description\";s:741:\"The paper investigates the link between the optimal level of non-financial firms’ short-
\nterm leverage and macroeconomic and idiosyncratic sources of uncertainty. We develop
\na structural model of a firm’s value maximization problem that predicts a negative rela-
\ntionship between uncertainty and optimal level of borrowing. This proposition is tested
\nusing a panel of non-financial US firms drawn from the COMPUSTAT quarterly database
\ncovering the period 1993–2003. The estimates confirm that as either form of uncertainty
\nincreases firms decrease their levels of short-term leverage. This effect is stronger for
\nmacroeconomic uncertainty than for idiosyncratic uncertainty.
\n\";s:5:\"thumb\";s:81:\"images/t/90/the-effects-of-uncertainty-on-the-leverage-of-non-financial-firms.jpg\";s:6:\"thumb2\";s:82:\"images/t2/90/the-effects-of-uncertainty-on-the-leverage-of-non-financial-firms.jpg\";s:9:\"permalink\";s:65:\"the-effects-of-uncertainty-on-the-leverage-of-non-financial-firms\";s:5:\"pages\";s:2:\"26\";s:6:\"rating\";s:1:\"1\";s:5:\"voter\";s:1:\"1\";}i:1;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"99088\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"fazila\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:36:\"U.S. Financial Stability Plan (2009)\";s:11:\"description\";s:37:\"U.S. Financial Stability Plan (2009) \";s:5:\"thumb\";s:75:\"data/thumb/U.S.-Financial-Stability-Plan-2009-Document-Transcript-12712.jpg\";s:6:\"thumb2\";s:76:\"data/thumb2/U.S.-Financial-Stability-Plan-2009-Document-Transcript-12712.jpg\";s:9:\"permalink\";s:33:\"u-s-financial-stability-plan-2009\";s:5:\"pages\";s:1:\"7\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:2;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"125412\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"ishaan\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:74:\"Isa 220 – Quality Control For Audits Of Historical Financial Information\";s:11:\"description\";s:258:\"\n

  1.  
  2. ISA 220 – Quality Control for Audits of Historical Financial Information Zulfiqar A. Sheikh Senior Manager, Professional Standards Compliance & Evaluation Institute of Chartered Accountants of Pakistan Karachi. Sep. 23,…\";s:5:\"thumb\";s:115:\"data/thumb/Isa-220-Quality-Control-For-Audits-Of-Historical-Financial-Information-Presentation-Transcript-32950.jpg\";s:6:\"thumb2\";s:116:\"data/thumb2/Isa-220-Quality-Control-For-Audits-Of-Historical-Financial-Information-Presentation-Transcript-32950.jpg\";s:9:\"permalink\";s:70:\"isa-220-quality-control-for-audits-of-historical-financial-information\";s:5:\"pages\";s:2:\"19\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:3;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"280173\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:17:\"mowarrylvieefiper\";s:9:\"author_id\";s:6:\"110516\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:87:\"Cfp Certification Program-the Most Prestigious Certification Of The Financial Community\";s:11:\"description\";s:87:\"Cfp Certification Program-the Most Prestigious Certification Of The Financial Community\";s:5:\"thumb\";s:105:\"images/t/2802/cfp-certification-program-the-most-prestigious-certification-of-the-financial-community.jpg\";s:6:\"thumb2\";s:106:\"images/t2/2802/cfp-certification-program-the-most-prestigious-certification-of-the-financial-community.jpg\";s:9:\"permalink\";s:87:\"cfp-certification-program-the-most-prestigious-certification-of-the-financial-community\";s:5:\"pages\";s:1:\"4\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:4;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"467504\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:11:\"haryjackson\";s:9:\"author_id\";s:6:\"565780\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:75:\"Get the Advantage of Right Financial Translation Agency for Quality Results\";s:11:\"description\";s:222:\"The financial translation agencies may conclude highly qualified translators or data transformation experts. Such pioneers are known for their quality work of maintaining financial data of companies in distinct languages. \";s:5:\"thumb\";s:93:\"images/t/4676/get-the-advantage-of-right-financial-translation-agency-for-quality-results.jpg\";s:6:\"thumb2\";s:94:\"images/t2/4676/get-the-advantage-of-right-financial-translation-agency-for-quality-results.jpg\";s:9:\"permalink\";s:75:\"get-the-advantage-of-right-financial-translation-agency-for-quality-results\";s:5:\"pages\";s:1:\"3\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:5;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"127435\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"hubert\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:73:\"Audit Implications of Integrated Financial Management Information Systems\";s:11:\"description\";s:273:\"\n
    1. Audit Implications of Integrated Financial Management Information Systems (IFMISs) Dr. Paul Dorsey Dulcian, Inc. May 20, 2009
    2. Conventional Wisdom
      • IFMISs reduce audit risk.
      • Audit the IFMIS and the non-IFMIS independently…\";s:5:\"thumb\";s:118:\"data/thumb/Audit-Implications-of-Integrated-Financial-Management-Information-Systems-Presentation-Transcript-38216.jpg\";s:6:\"thumb2\";s:119:\"data/thumb2/Audit-Implications-of-Integrated-Financial-Management-Information-Systems-Presentation-Transcript-38216.jpg\";s:9:\"permalink\";s:73:\"audit-implications-of-integrated-financial-management-information-systems\";s:5:\"pages\";s:2:\"22\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:6;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"8292\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:85:\"Trade Credit and the Effect of Macro-Financial Shocks: Evidence from U.S. Panel Data\";s:11:\"description\";s:704:\"Many studies examine why firms are financed by their suppliers, but few empirical studies
        \nlook at the macroeconomic implications of such financial arrangements. Using disaggregated
        \npanel data, we examine how firms extend and use trade credit. We find that, controlling for
        \nthe transactions or asset management motive, both accounts payable and receivable increase
        \nwith tighter policy, implying that trade credit helps firms absorb the effect of a credit
        \ncontraction. A comparison of S&P 500 firms with smaller firms, however, provides no
        \nevidence that when policy is tightened, large firms play the role of credit suppliers more
        \nactively than small firms.
        \n\";s:5:\"thumb\";s:98:\"images/t/83/trade-credit-and-the-effect-of-macro-financial-shocks-evidence-from-u-s-panel-data.jpg\";s:6:\"thumb2\";s:99:\"images/t2/83/trade-credit-and-the-effect-of-macro-financial-shocks-evidence-from-u-s-panel-data.jpg\";s:9:\"permalink\";s:82:\"trade-credit-and-the-effect-of-macro-financial-shocks-evidence-from-u-s-panel-data\";s:5:\"pages\";s:2:\"35\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:7;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"10638\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:4:\"Dana\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:21:\"http://www.nyccah.org\";s:5:\"title\";s:49:\"Nourishing Kitchen of NYC - Soup Loop Winter 2009\";s:11:\"description\";s:47:\"Nourishing Kitchen of NYC Soup Loop Winter 2009\";s:5:\"thumb\";s:64:\"images/t/107/nourishing-kitchen-of-nyc-soup-loop-winter-2009.jpg\";s:6:\"thumb2\";s:65:\"images/t2/107/nourishing-kitchen-of-nyc-soup-loop-winter-2009.jpg\";s:9:\"permalink\";s:47:\"nourishing-kitchen-of-nyc-soup-loop-winter-2009\";s:5:\"pages\";s:1:\"5\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:8;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"92225\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:7:\"fickata\";s:9:\"author_id\";s:5:\"15697\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:43:\"Technical Analysis Of The Financial Markets\";s:11:\"description\";s:61:\"Technical Analysis Of The Financial Markets by John J. Murphy\";s:5:\"thumb\";s:60:\"images/t/923/technical-analysis-of-the-financial-markets.jpg\";s:6:\"thumb2\";s:61:\"images/t2/923/technical-analysis-of-the-financial-markets.jpg\";s:9:\"permalink\";s:43:\"technical-analysis-of-the-financial-markets\";s:5:\"pages\";s:3:\"596\";s:6:\"rating\";s:1:\"5\";s:5:\"voter\";s:1:\"1\";}i:9;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"127893\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"ludwig\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:45:\"Opera State Of The Mobile Web September 2009\";s:11:\"description\";s:185:\"\n
        1. State of the Mobile Web, September 2009\nNovember 27, 2009\n\n\n\nWelcome to another edition of our State of the Mobile Web report. I think this might be\nour most fascinating…\";s:5:\"thumb\";s:85:\"data/thumb/Opera-State-Of-The-Mobile-Web-September-2009-Document-Transcript-39567.jpg\";s:6:\"thumb2\";s:86:\"data/thumb2/Opera-State-Of-The-Mobile-Web-September-2009-Document-Transcript-39567.jpg\";s:9:\"permalink\";s:44:\"opera-state-of-the-mobile-web-september-2009\";s:5:\"pages\";s:2:\"16\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}}', `cache_on` = '2015-02-27 11:52:33' WHERE `aff_id` = '1676220'