Under the influence of national economic reform and development, China has changed the way that it finances healthcare from a government-based system to a more market-oriented system. China has done this without a sophisticated healthcare payment system, and this has resulted in the rapid growth...

This study examines the tuition elasticity of student enrollment for a public regional comprehensive master's university, Pittsburg State University in Kansas. Tuition elasticity is a measure of the responsiveness of student enrollment decisions due to changes in tuition over time. This measure...

The mean work required to drive a bistable system from one equilibrium state to another is calculated by using a Langevin simulation combined with Monte Carlo sampling. The resulting work depends not only on the proposal form but also on the temperature, because the particle subjected to thermal...

Prior studies indicate that institutional investors are informed, in the sense that their trades predict price changes. In this study we show that return predictive ability of institutions arises (after controlling for size, book-to-market, and momentum) mainly from institutional sales of...

We confirm prior evidence that bonds on average are offered at prices below their immediate post-offer secondary market prices. However, in cases where banks lead-manage their own bond offerings the underpricing is significantly less as compared to other non-self-marketed offerings. These...

Tack-on bond issues are additional offerings, with the same terms and CUSIP, of an existing bond series. We provide new evidence of systematic underpricing for tack-on corporate bonds. These bonds are offered at prices significantly below their immediate post-offer secondary market prices. By...