We use a dynamic framework and panel methodology to investigate the determinants of a time-varying corporate capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...

We use a dynamic framework and panel methodology to investigate thedeterminants of a firms’ time-varying capital structure. Our sample comprises706 European firms from France, Germany, Italy and the U.K. overthe period from 1983 to 2002. If capital structure adjustment is costly, firmsmay...

Grid-connected inverters are key elements that interface the distributed energy sources with the grid. In this paper, a graphic modelling method based on switching flow graph is presented for modelling inverters, with a one-cycle controlled inverter as an example. This method features great...

Defining the industrial dynamics the important prerequisites that support achievement of a sustainable industrial and economic growth need to be identified. The industrial dynamics could be used as an instrument to analyze future economic behavior. In this paper we step on the basis of existing...

It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.

Seismic microzonation is one of the most important measures to mitigate earthquake hazards in urban areas. Because the ground motion varies significantly with the subsurface geology, it is needed for microzonation to account as much as possible for the local soil conditions. Noteworthy is that...

In this article, the authors put forward another viewpoint which shows how a "small noise" (which may be Gaussian) can cause great fluctuations because of the unstable structure of the model skeleton (i.e. its deterministic part) and whihc permits nevertheless to undertake forecast methods in...

We study the estimation of the marginal probability density function of an observable process associated to a weak bernoulli deterministic dynamical system. We use the Parzen-Rosenblatt naive kernel estimator and state conditions under which it is consistent in quadratic mean. We then discuss...