A combined heat and power plant with regenerative closed-cycle gas turbine is considered. The heat transfer losses, irreversible adiabatic losses and irreversible pressure drop losses are considered in the plant. The expressions of dimensionless profit rate and exergy efficiency are gained. The...

Mutual fund families increasingly hold bonds and stocks from the same firm. We study the implications of such dual holdings for corporate governance and firm decision-making. We present evidence that dual ownership allows financially distressed firms to increase investments and to refinance by...

Equity pay has been the primary component of managerial compensation packages at US public firms since the early 1990s. Using a comprehensive sample of top executives from 1992-2020, we estimate to what extent they trade firm equity held in their portfolios to neutralize increments in ownership...

Wie bedeutend ist das menschliche Element für die Genauigkeit empirischer Erkenntnisse in den Wirtschaftswissenschaften? Die Unsicherheit empirischer Schätzungen wird üblicherweise als ein statistisches Phänomen betrachtet. Unbekannte Parameter einer Grundgesamtheit werden anhand einer...

This paper documents the rise of "poison bonds", which are corporate bonds that allow bondholders to demand immediate repayment in a change-of-control event. The share of poison bonds among new issues has grown substantially in recent years, from below 20% in the 90s to over 60% since mid-2000s....

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

Aiming at the outstanding housing problems of the high vacancy rate in our country, on the basis of analyzing the reasons for existing vacant housing, we used the smart growth theory as a guide to solve the problem of vacant housing, and to reduce resource waste caused by vacant housing from...

Low-temperature annealing-hardening effect was studied using a series of electro-deposited Ni and NiFe thin films. Despite the nearly unchanged grain size after annealing, nanoindentation testing showed apparent annealing-hardening effect for all nanograined samples. Contrast to the general...