We examine the dynamic relations between institutional ownership and a firm's capital structure. We find that a firm's leverage decreases when institutional ownership increases. This result implies that a firm reduces its debt level as institutional investors substitute for the monitoring role...

This article studies a sample of 225 Chinese A-share Seasoned Equity Offerings (SEOs) from 1999 to 2007. We compare a novel underpricing measure with a Stochastic Frontier Approach (SFA) as in Koop and Li (2001) to the conventional measure based on the difference between primary market price and...

We propose a new model for conditional covariances based on predetermined idiosyncratic shocks as well as macroeconomic and <italic>own</italic> information instruments. The specification ensures positive definiteness by construction, is unique within the class of linear functions for our covariance...

This article presents the trading behaviours of individual and institutional investors in Korean mergers and acquisitions market. Based on Chen <italic>et al.</italic> (2007), we consider a bidder's negative abnormal announcement-period return as a measure for bad merger. To investigate the investor trading...

This article examines the abnormal trading patterns by investor types around corporate mergers in the Korean financial market. Extending Han and Chung (2013), I investigate standardized abnormal net buy (SANB) of institutional and individual investors around both good and bad merger...

Decision making is a core problem in Supply Chains. A large number of studies in literature have reported various decision making techniques based on customers' requirements. Taking into account high risk transactions in virtual Supply Chain market, trust is a very critical element and should be...

Genome-wide association studies are now widely used tools to identify genes and/or regions which may contribute to the development of various diseases. With case-control data a 2x3 contingency table can be constructed for each SNP to perform genotype-based tests of association. An increasingly...

Porous NiTi shape memory alloy (SMA) with 48% porosity and an average pore size of 50–800 μm was synthesized by capsule-free hot isostatic pressing (CF-HIP). To enhance the surface bioactivity, the porous NiTi SMA was subjected to H2O2 and subsequent NaOH treatment. Scanning electron...

This study aims to interpret and analyze images of forest fires and to establish a standard procedure for image processing and interpretation. A forest fire in Victoria, Australia, that occurred in 2009 is used as an example. The extent of the disaster can be analyzed from Formosat-2 images and...

The active Chihshang fault in the southern segment of longitudinal valley of eastern Taiwan is part of the suture boundary between the Eurasia plate and the Philippine Sea plate. Radon anomalies in groundwater were recorded prior to three major earthquakes—(1) 2003 M <Subscript>w</Subscript> = 6.8 Chengkung, (2)...</subscript>