In order to improve outage property of cooperative communication system, directional antenna technology could be introduced. The paper proposes single relay AF cooperative communication protocol based on directional antenna and deduces the outage probability of system in fully directional mode...

Purpose: The purpose of this paper is to identify the relation between cash flow volatility and trade credit offered by firms in developing Asian economies. Design/methodology/approach: The study conducts country fixed effect regressions testing the relationship between cash flow volatility and...

The IPO process is a way for companies to improve their corporate governance and for investors to assess company quality. This paper posits that investor choices vary with differences in investment ability and experience. Three groups of investors with large holdings, namely individual...

Purpose: The purpose of this study is to examine the relationship between independent director military service and monitoring effectiveness, focusing on chief executive officer (CEO) compensation. Design/methodology/approach: The authors identify independent directors with military experience...

This thesis covers three issues: the aggregate and welfare effects of environmental policies when plants are heterogeneous; what causes the different patterns of employment dynamics in small versus large firms over business cycles; and the welfare costs of expected and unexpected inflation. In...

Recently, a large number of empirical studies indicated that individual equity options exhibit a strong factor structure. In this paper, the importance of systematic and idiosyncratic volatility and jump risks on individual equity option pricing is analyzed. First, we propose a new factor...