We uncover a positive stock market risk-return tradeoff after controlling for the covariance of market returns with the value premium. Fama and French (1996) conjecture that the value premium proxies for investment opportunities; therefore, by ignoring it, early specifications suffer from an...

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...

In this work, lightweight and robust Ti 3 C 2 T x /CNTs foams were fabricated by a HCl induced self-assembly as well as vacuum freeze-drying process. In contrast to monolithic Ti 3 C 2 T x foams, the incorporation of CNTs effectively improves the electrical conductivity (EC) and mechanical...

We investigate the international transmission of inflation among G-7 countries using a data-determined vector autoregression analysis, as advocated by Swanson and Granger (1997). Over the period 1973 to 2003, we find that U.S. innovations have a large effect on inflation in the other countries,...

This study examines the long-run price relationship and the dynamic price transmission among the USA, Germany, and four major Eastern European emerging stock markets, with particular attention to the impact of the 1998 Russian financial crisis. The results show that both the long-run price...

We consider a semiparametric GARCH model where the functional form for the conditional density of the errors is unknown. Adaptive conditions of the parameters are examined. Semiparametric Maximum Likelihood (SML) estimators are constructed by maximizing the nonparametric pseudo log-likelihood...

Using high frequency data, this paper first time comprehensively examines the intraday efficiency of four major energy (crude oil, heating oil, gasoline, natural gas) futures markets. In contrast to earlier studies which focus on in-sample evidence and assume linearity, the paper employs various...