Purpose – A large body of empirical literature has identified the key drivers of corporate cash holdings. The extant literature posits that the existence of real options significantly influences a firm's demand for liquidity. The literature, however, has relied on indirect proxies to assess...

The hypothesis that asset returns are log-normally distributed has been widely rejected. The extant literature has shown that empirical asset returns are highly skewed and leptokurtic (fat tails). The Affine Jump-Diffusion (AJD) model improves upon the log-normal specification by adding a jump...

We examine the impact of stock market wealth and business cycles on gambling. Rising stock market wealth is expected to increase expenditures on entertainment goods, including gambling. Conversely, rising volatility is expected to draw betting outlays to the stock markets. Gambling is also...

An inland container port is an intermodal terminal facility that handles containerized shipments at a site away from a seaport(s). Such facility is typically linked to a deep water port by highways and rail, and operates as a container transfer point between different transportation modes. The...

Rapid growth in global incomes and the world’s affluent population, coupled with changing consumer tastes and frequent shocks to food supplies, places unprecedented pressures on the world’s food demand and supply balance, and by extension, the worldwide “cold-chain” food transportation...

We are entering a period of dynamic and fundamental change in the transportation and logistics industry. The communication and collaborative aspects of the Internet are changing the way firms develop their logistics strategies, processes and systems. Internet and digital technologies help...