In this paper, we develop new insights about the dynamics of corporate dividend policy by performing the natural experiment of comparing corporate dividend policies in Hong Kong and the U.S., two economies where the tax regime and equity ownership structure are significantly different. Our...

Production of high-quality syngas from biomass gasification in a dual fluidised bed gasifier (DFBG) has made a significant progress in R&D and Technology demonstration. An S&M scale bio-automotive fuel plant close to the feedstock resources is preferable as biomass feedstock is widely sparse and...

We compare the structure and performance of private (non-GSE) mortgage-backed securities sold by large issuers vs. those sold by small issuers over the period 2000-2006. Securities sold by large issuers have less subordination--a greater fraction of the deal receiving AAA rating--than those sold...

We develop a new rationale for initial public offering (IPO) waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to...

In many cases, the relationship between environmental pollution and economic development can be generally depicted by an inverted U-shaped curve, or an environmental Kuznets curve, where pollution increases with income at the beginning and decreases after a certain level of income. However, what...

Municipal solid waste management continues to be a major challenge for local governments in both urban and rural areas across the world, and one of the key issues is their financial constraints. Recently an economic analysis was conducted in Eryuan, a poor county located in Yunnan Province of...

In order to gain deeper insight into the impacts of FDI on the air pollution situation in Chinese cities, I construct a simultaneous system. This system supposes the air pollution indicators to be determined by economic scale, industrial composition and technical characters of a city and in...

This article presents a new modelling strategy that estimates individual valuation distributions with Multiple Bounded Discrete Choice (MBDC) data. An individual's valuation of a commodity or service is assumed to have a distribution rather than being a single number. Likelihood responses to the...

Trucks exceeding legal axle and gross vehicle weight limits can bring severe damage to infrastructure and increase the risk of traffic crashes. It is therefore important to ensure that freight carriers comply with weight regulations. This paper provides a comprehensive review of how...

We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...