_________________________________________________________________________ Previous research has suggested that discrete and occasional plant-level capital adjustments have significant aggregate implications. In particular, it has been argued that changes in plants’ willingness to invest in response to aggregate shocks can at times generate large movements in total investment demand. In this stu...

in this research, the effect of 2.3 wt.% aluminum addition on the microstructure and tensile properties of high manganese austenitic steel fe-18mn-0.6c was studied. for this purpose, the samples were investment cast, homogenized and hot rolled. tensile testing was carried out at ambient temperature. microstructural investigations and fractography on the steel samples were carried out using an o...

Soybean (Glycine max Merr.) is the world's most widely grown legume and provides an important source of protein and oil. Global soybean production and yield per hectare increased steadily over the past century with improved agronomy and development of cultivars suited to a wide range of latitudes. In order to meet the needs of a growing world population without unsustainable expansion of the la...

I examine investors' within ESG investment preferences during the COVID-19 pandemic by investigating return spillover effects across three different corporate bonds and equities-based strategies. Investors prefer making investments in leaders investment-grade bond market over equity high yield markets times of uncertainty. It suggests that capital flows away from to market. find refuge firms wi...

Theory predicts that the quality of a firm’s information disclosure can affect the term structure of its corporate bond yield spreads. Using cross-sectional regression and NelsonSiegel yield curve estimation, I find that firms with higher Association for Investment Management and Research disclosure rankings tend to have lower credit spreads. Moreover, this transparency spread is especially lar...

FDI enterprises from the same source country agglomerated in a region in China, i.e., a geographical agglomeration, was a main trend in recent years. An oligopoly output competition model was therefore developed between FDI enterprises and host country enterprises, with a conjectural variable introduced to weigh up the cooperation level between relevant enterprises, thus simulating and analyzin...

I propose a bond-specific, time-varying friction measure of round-trip liquidity costs. The measure is robust to outliers in daily bond returns and accounts for the idiosyncratic information behind bond trading decisions. Using transactions from January 2004 to December 2010, I find that liquidity costs display a strong correlation with credit conditions and peaked during the sub-prime crisis. ...

This paper examines the effects of introducing competition into monopolized network industries on prices and infrastructure quality. Analyzing a model with reduced-form demand, we first show that deregulating an integrated monopoly cannot simultaneously decrease the retail price and increase infrastructure quality. Second, we derive conditions under which reducing both retail price and infrastr...

nowadays, participation plays an important role as an effective approach in achieving a permanent livelihood and establishing a sustainable economic system in rural areas. in fact, the approach of participation creates an appropriate field for the continuity of rural economic systems by providing a proper background of cooperation and establishing an informational flow in different parts of pro...