Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...

This paper examines the impact of law firm expertise on bidder and target shareholder wealth gains during mergers and acquisitions. After controlling for endogeneity in the matching between the mandating firm (bidder or target firm) and the law firm, we find that top-tier law firms increase the...

Alexander, Arnold and Wu (2020) introduce an algorithm for multi-stage stock pricing that uses a present value annuity structure. This algorithm is adapted for a financial calculator by using an iterative bond pricing structure

A process for multi-stage stock pricing is presented with evidence of improved classroom performance. The technique is expanded upon for more advanced class presentations and for potential fintech applications by taking advantage of present value annuity and future value annuity due structures

The use of panel data in corporate finance is ubiquitous to estimate the impact of managers' and/or shareholders' choices on firm value. We evaluate the properties of four existing and widely used estimators (pooled OLS, random-effects, first-difference, and fixed-effects), and find them to be...

Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...

To promote the heat transfer capacity of the condenser end in the heat pipe heat exchanger, the experimental and numerical investigation have been carried out to study the heat transfer and fluid flow characteristics for three densely longitudinal fins enhanced annular heat exchanger (AHE)...