The paper analyses how close relationships to banks influence a firm's choice of financing its debt through publicly marketed bonds or bank loans. It is shown that large Japanese firms use less bank debt, if banks own shares in the firm or bank employees are members of the firm's board. This...

The book attempts to give a comprehensive description and testable theory of the complicated, but not unintelligible system of bank-firm relationships in the dynamic environment of a gradually deregulated financial market. It provides both theory and empirical evidence that close bank-firm...

This paper was focused on thermal stability of molten salts and their thermo-physical properties at high temperature. In this experiment, multi-component molten salts composed of potassium nitrate, sodium nitrite and sodium nitrate with 5% additive A of the chlorides were prepared by statical...

The nonuniform heat transfer model and performance of parabolic trough solar receiver are theoretically investigated due to the energy balances between the heat transfer fluid, absorber tube, glass envelope and surroundings. The absorber tube and glass envelope are both divided into two regions...

In order to obtain molten salt with lower melting point, higher thermal stability and reduced cost relative to previously available materials, a variety of molten salt mixtures of alkali nitrates are investigated by experimental methods. However, since measurements are generally expensive and...

The Lp-metric Δh,p(X) between the survival function F¯ of a random variable X and its distortion h∘F¯ is a characteristic of the variability of X. In this paper, it is shown that if a random variable X is larger than another random variable Y in the location-independent risk order or in the...

The purpose of this paper is to establish the stochastic comparisons of order statistics from two samples in the sense of likelihood ratio order. We strengthen and complement some results in Zhao and Balakrishnan (2012) and Ding et al. (2013).

Referring to the national environmental protection standard of PR China, HJ479-2009, NOx emissions and the effect of 45# carbon steel (1045, ASTM) on it in thermal energy storage (TES) process of binary molten nitrate (BMN) salts (a eutectic salt mixture named as solar salt with the component of...

This paper describes an hourly incident solar radiation model, which could be used to estimate long-term global radiation, direct radiation and diffuse radiation with high spatial and temporal resolution under its de facto weather and terrain in large regions. The model is based on parameterized...

Let W=(W1,...,Wn) be a random vector of n independent random variables, and let R=(R1,...,Rn) be another random vector having the permutation distribution on {1,2,...,n}, independent of W. If the Wi's are ordered in the likelihood ratio order [resp. the hazard rate order, the reversed hazard...