In this study, N-methyl-N'propyltrimethoxysilylimidazoliummodified LUS-1 and MCM-48 nonoporous materials were prepared and employed as adsorbent for removing Reactive Blue-19 from aqueous solutions.LUS-1 and MCM-48 were made based on the previous procedure and modified with N-methyl-N'propyltrimethoxysilylimidazolium chloride. XRD analyses did not show any lattice alteration between modified an...

The volatility of future earnings growth is a significant determinant of Fama and French’s Value premium. We use a stochastic earnings model of firm valuation to establish a formal link between the volatility of future earnings growth and the value premium. Furthermore we empirically confirm this relationship at the macro-level.

This report shows how to determine in analytic form the security prices implied by the market equilibrium model described by Fama in his book "Foundations of Finance", Chapter 8, Section III. The model assumes that all investors agree on the expected values and covariances of the random final prices at the end of an investment period. The investors interact so that the initial prices lead to an...

We develop a specification test and a sequence of model selection procedures for nonnested, overlapping, and nested models based on the second Hansen-Jagannathan distance, which requires a good asset pricing model to not only have small pricing errors but also be arbitrage free. Our methods have reasonably good finite sample performances and are more powerful than existing ones in detecting mis...

Background: Internal Medicine (IM) is one of the main medical specialties. In this paper, the features of the Iranian IM residency training program, duties and salary were evaluated and compared with some countries. Methods: Using the Iranian Ministry of Health and Medical Education (IMHME) directive, the features of educational curriculum, compulsory working hours, duties and salary were extra...

Capital Asset Pricing Model (CAPM) provides an equilibrium linear relationship between expected return and risk of an asset. The purpose of this paper is to investigate a risk-return relationship within the CAPM framework. The study also aims at exploring whether CAPM is a good indicator of asset pricing in Bangladesh. For this study, a period 19992003 have been considered. Fama-French [1992] m...

This paper proposes an investment-based explanation and resolves the post-merger performance puzzle. Traditional asset pricing models fail to take into account the link between investment and performance, and hence, resulting in post-merger performance puzzle. Upon observing that disproportionately high fraction of acquirers are high Tobin’s Q firms, a group characterized with high investment r...

We derive new bounds and distance measures for stochastic discount factors (SDFs) that generalize the original variance bounds and distance of Hansen and Jagannathan (1991, 1997) and higher moment bounds of Snow (1991). These generalized measures are suitable to analyze nonlinearities in asset pricing models and trading strategies. They imply nonlinear admissible SDFs that provide a more robust...