Interest rate swaps are the most popular financial derivatives used by US firms. In this paper, the effects of swap usage on corporate financing decisions are empirically examined. Based on a dynamic capital structure theoretical model, we employ a seemingly unrelated regression model with a...

This paper examines the price discovery performance of futures markets for storable and nonstorable commodities in the long run, allowing for the compounding factor of stochastic interest rates. The evidence shows that asset storability does not affect the existence of cointegration between cash...

We study joint inventory-price control in which a firm chooses among a finite number of prices to influence the demand to be realized; also, the firm's ordering activities incur fixed setup costs. While intending to settle down on an optimal price and figure out an optimal ordering policy...

Using a semiparametric estimation technique, we show that the risk-return tradeoff and the Sharpe ratio of the stock market increases monotonically with the consumption wealth ratio (CAY) across time. While early studies have commonly interpreted such a finding as evidence of the countercyclical...

Using intra-day data, this paper investigates the contribution to the price discovery of Euro and Japanese Yen exchange rates in three foreign exchange markets based on electronic trading systems: the CME GLOBEX regular futures, E-mini futures, and the EBS interdealer spot market. Contrary to...

"The book gives an introduction to basic biometric image discrimination technologies including theories that are the foundations of those technologies and new algorithms for biometrics authentication"--Provided by publisher.

We consider a nonatomic game whose players have ambiguities over external factors. On top of a player $i$'s own action $a$ and the joint distribution $\delta$ of other players' identities and actions, also influencing the player's return $r$ is a state of the world $\omega$. Knowledge about the...

Aiming at the issues and defects triggered by the single power form of a traditional electric vehicle, a planetary gear-based master-slave electrohydraulic power-coupled electric vehicle (MS-EHPCV) was proposed. MS-EHPCV can decrease the peak torque during the frequent start-stop process and...

In quantum-dot light-emitting diodes (QLEDs), poly[(9,9-dioctylfluorenyl-2,7-diyl)-alt(4,4’-(N-(4-butylphenyl))] (TFB) has been one of the most widely used hole-transport layer (HTL) materials. However, for solution-processed especially ink-jet printed QLEDs, TFB normally suffers from low...

CO 2 mineral sequestration is a promising method for abating global warming. Mineral carbonation with titanium-bearing blast furnace slag (TBFS) can offer a sustainable option for simultaneous CO 2 emission reduction and comprehensive utilization of solid waste. In this study, a novel process...