On the basis of the principle of sustainable development, land-use planning often requires a compromise between economic development and environmental conservation with social justice advocated. Given that values, perceptions, and ideas vary among stakeholders, land-use planning often involves a...

Combining the characteristics of BM direction distance function, non- radial DEA model and Luenberger productivity indicators, we develop a non-radial BML-DEA model to measure Environmental Performance. And by using the panel data of 30 provinces from 1997 to 2011 in China, we measure and...

This paper provides new evidence on the effects of the risk profiles of firms on the returns to convertible bond issues. Liquidity risk, firm risk, and issue risk premium factors are examined as determinants of abnormal returns around the convertible bond issue dates. The market responds...

This paper provides new evidence on the effects of the risk profiles of firms on the returns to convertible bond issues. Liquidity risk, firm risk, and issue risk premium factors are examined as determinants of abnormal returns around the convertible bond issue dates. The market responds...

Taking the underlying technology heterogeneity into account, this paper uses a nonparametric metafrontier approach to estimate the CO2 emission efficiency and the potential emission reduction of China’s 30 provinces for the period 2006–2010. The sources of the potential emission reduction...

This paper investigates saving and retirement behavior using a quasi-hyperbolic discounting model with endogenous labor supply. The behavior of quasi-hyperbolic-discounting consumers is compared with optimal behavior, which is obtained under exponential discounting. The quasi-hyperbolic...

We use the global games approach to study key factors a?ecting the credit risk associated with roll-over of bank debt. When creditors are heterogenous, these include the extent of short-term borrowing and capital market liquidity for repo ?nancing. Speci?cally, in a model with a large...

The pig meat market in Australia is characterized by generic (fresh pork, bacon etc.) advertising. These advertising expenditures are funded from collective levies from pig producers. At the same time, there are extensive brand advertising activities in the pig market. So far, there have been...