This study examines the tail dependence of returns in international public real estate markets. By using daily returns of real estate securities in seven countries from 2000 to 2014, we analyze how the interdependence of international securitized real estate markets has changed since the Global...

Currently, the real economy is the important basis for the development of a country, especially after the global financial crisis in 2008. Given that the manufacturing industry is the main part of the national real economy, many developed and developing countries have paid considerable attention...

To protect the conversion privilege from being called away too soon, the bond indenture commonly contains hard call constraint and soft call constraint, which makes the valuation for the convertible bond more complicated. In this paper, a valuation model for a callable convertible bond with...

The superhydrophobic photocatalytic self-cleaning coating has both physical and chemical self-cleaning properties, which has attracted wide attention of researchers in recent years. In this paper, ZnS superhydrophobic coating was prepared on the surface of zinc substrate by economic and...

We define decreasing higher-degree Ross risk aversion and provide an intuitive interpretation for it. We show that all deteriorations of background risk in the sense of n-th risk increase raise risk aversion in the Arrow–Pratt sense if and only if decreasing (n+1)-th degree Ross risk aversion...

This article focuses on the pervasive impact of culture on language and learning with the acknowledgment of individual differences. It explores international students‟ complex cultural and learning adaptation processes with a case-study approach consisting of participant observation, a...

The present study sought to (1) obtain expert opinion on the importance of low-risk limits for the field of gambling; and (2) establish the face validity for a tentative set of low-risk limits empirically derived from a recent analysis of population data on gambling (Currie <italic>et al.</italic>, 2006)....