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I provide new evidence on the failure of the Q-theory. The Q-theory implies the state-by-state equivalence of stock and investment returns|a important implication of many asset pricing models. Using aggregate US data, I find there exists a realistic parameterization of the aggregate production...
Persistent link: https://www.econbiz.de/10009440954
Although corporate environmental accountability is receiving unprecedented attention in the United States from policy makers, the capital market, and the public at large, extant research is limited in its examination of the implications of strategic corporate environmental initiatives on...
Persistent link: https://www.econbiz.de/10009460502
With ever increasing traffic loadings, highway pavement maintenance needs continue to outpace the availability of resources, and transportation agencies seek cost-effective maintenance practices. This study investigated the effectiveness of maintenance treatments in the short-term and the cost...
Persistent link: https://www.econbiz.de/10009430745
The purpose of this research is to find out and to analyze whether Local Own Revenue, General Alocation Fund, Special Alocation Fund, Tax-sharing Fund, and Natural Resources Revenue-sharing Fund influence the Capital Expenditure in regencies and municipalities of North Sumatra Province.The...
Persistent link: https://www.econbiz.de/10009464363
Previous studies suggested that a monopoly durable goods seller can useleasing to effectively avoid the time-inconsistent problem raised byCoase Conjecture. This paper extends those previous works by examiningthe monopoly seller's selling and leasing strategy for a special type ofdurable good...
Persistent link: https://www.econbiz.de/10009435103
history and worst-case data from RMP*Info. Risk Analysis, 23(5), 865–881.] summarize the accident frequencies and severities …. Systematic analyses of the databases also help to avoid future accidents, thereby reducing the risk.More specifically, this paper … estimate the capital at risk within an industry utilizing the frequency and loss-severity distributions. …
Persistent link: https://www.econbiz.de/10009438527
A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value...
Persistent link: https://www.econbiz.de/10009438770
In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...
Persistent link: https://www.econbiz.de/10009441242
In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...
Persistent link: https://www.econbiz.de/10009441300
infrastructure projects in more than 85 countries. PPPs are a procurement methodology that brings a rigorous risk-weighted approach … depth and state/government risk allocation with lenders expected to take a tougher approach to the support of delivery and … scientifically costed approach to risk allocation, state guarantee support, improved underlying credit credentials and a rethinking …
Persistent link: https://www.econbiz.de/10009441751