The empirical evidence on the cross-sectional relation between idiosyncratic risk and expected stock returns is mixed. We demonstrate that the omission of the previous month's stock returns can lead to a negatively biased estimate of the relation. The magnitude of the omitted variable bias...

We conduct comprehensive analyses of the return characteristics of stock portfolios sorted by idiosyncratic volatility. We show that the relationship between idiosyncratic volatility and expected stock returns depends on whether the portfolio is composed of stocks with extreme performance and...

The empirical evidence on the cross-sectional relation between idiosyncratic risk and expected stock returns is mixed. We demonstrate that the omission of the previous month's stock returns can lead to a negatively biased estimate of the relation. The magnitude of the omitted variable bias...

This study investigates the relationship among preference for full-time employment, primacy of part-time employment, and work-related outcomes in a nationally representative sample of part-time college instructors. Results based on multilevel cross-classified random effects models indicate that...

A combined heat and power plant with regenerative closed-cycle gas turbine is considered. The heat transfer losses, irreversible adiabatic losses and irreversible pressure drop losses are considered in the plant. The expressions of dimensionless profit rate and exergy efficiency are gained. The...

Purpose of this paper is to compare the performance of an alkali metal thermal electric converter (AMTEC) and thermoelectric generator (TEG) as a subsystem for utilizing rejected heat from the molten carbonate fuel cell (MCFC). AMTEC and TEG have various advantages such as; higher power density,...

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

Based on constructal theory, the disc-shaped solid–gas reactors combined heat and mass transfer are investigated in this paper. Radial- and branched-pattern of the discs are considered, and the two pattern discs are optimized based on entropy generation rate minimization. The results show that...

A physical and numerical model of two-stage thermoelectric energy harvesting system driven by blast furnace slag water waste heat is established. The performance of the system with counter-flow type heat exchangers is investigated by numerical simulation. In the case of the temperatures of heat...

A performance analysis is performed on the air-standard Diesel cycle using finite-time thermodynamics. The relations between net work and/or power, efficiency, and compression ratio, and the maximum net work and/or power and the corresponding efficiency bound are derived for the cycle with...