This article applies the Granger causality test in quantiles to investigate causal relations between stock returns and exchange rate changes for nine Asian markets over the period 1 January 1997 to 16 August 2010. Our empirical results indicate that the quantile causal relations vary across...

Because the energy crisis and environmental pollution are significant concern, a next-generation combustion mode for internal combustion engines that can simultaneously reduce exhaust emissions and substantially improve thermal efficiency has attracted increasing attention. In the last two...

This study theoretically proposes and experimentally demonstrates the simultaneous reductions of NOx and soot using a novel combustion mode, (dual-fuel sequential combustion) DFSC, on a single-cylinder engine. DFSC introduces a well-mixed, lean fuel/air mixture into the cylinder by injecting...

A residual-based moving block bootstrap procedure for testing the null hypothesis of linear cointegration versus cointegration with threshold effects is proposed. When the regressors and errors of the models are serially and contemporaneously correlated, our test compares favourably with the...

When a Make-To-Order (MTO) enterprise receives a bidding invitation from a customer, he does not know the demand is price-sensitive or time-sensitive. In order to increase the possibility of winning this contingent order, the enterprise tenders his bid with two options characterized with price...

Department: Business.

Stocks with recent past high idiosyncratic volatility have low future average returns around the world. Across 23 developed markets, the difference in average returns between the extreme quintile portfolios sorted on idiosyncratic volatility is -1.31% per month, after controlling for world...