This paper provides evidence on the significant impact of illiquidity or non-marketability on security valuation. A typical listed company in China has several types of share outstanding: (i) common shares that are only tradable on stock exchanges, (ii) restricted institutional shares (RIS) that are not tradable and can only be transferred privately or through irregularly scheduled auctions, an...

AIM To compare alcohol purchasing and consumption by ill drinkers in Edinburgh with wider alcohol sales in Scotland. DESIGN Cross-sectional. SETTING Two hospitals in Edinburgh in 2008/09. PARTICIPANTS A total of 377 patients with serious alcohol problems; two-thirds were in-patients with medical, surgical or psychiatric problems due to alcohol; one-third were out-patients. MEASUREMENTS ...

This paper examines the impact of two popular solid waste programs on the percent recycled of several different materials found in the residential solid waste stream. We examine a unique, national, household-level data set containing information on the percent recycled of five different materials: glass bottles, plastic bottles, aluminum, newspaper, and yard waste. We find that access to curbsi...

A financing model for bank loan financing, equity and portfolio under the manufacturer's capital constraints is constructed, level consumers are discussed in green preference on pricing, input level, market demand products, selection strategies of methods. Finally, it verified by numerical analysis. Consumers' positively correlated with retail prices, wholesale prices investment efforts, transf...

by approval of building advance-sale act in 2010, it is permitted to sell in advance the buildings to be built in future. in this act, certain rights and obligations are provided for the advance-sellers and advance-buyers. the approval of the said act is a development in the law of sale of buildings. amongst them are the requirement for official registration of any building advance-sale, statut...

BACKGROUND Diabetes Mellitus Type II (T2DM) is a major and growing medical, social and economic burden in the East-Asian country of Cambodia. However, no economic modelling has been done to predict the number of cases and the budget impact. OBJECTIVE This paper forecasts the epidemiological and economic consequences of T2DM in Cambodia. The Ministry of Health and related donor agencies are su...

Public–Private-Partnerships (PPPs) have been adopted worldwide to deliver infrastructure projects and/or provide public services. Having a reasonable concession price (operation and transfer) in place is pivotal for sustaining win-win relationship between governments private sectors. However, historical data shown that the of PPPs when transfer less than satisfactory due changing attribute pric...

This paper proposes a percolation-based model of new-product diffusion in the spirit of Solomon et al. (2000) and Goldenberg et al. (2000). A consumer buys the new product if she has formed her individual valuation of the product (reservation price) and if this valuation is greater or equal than the price of the product announced by the firm in a given period. Our model differs from previous pe...

Article history: Received 27 January 2009 Received in revised form 14 March 2009 Accepted 22 April 2009 Available online xxxx Communicated by F.Y.L. Chin