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Article
Optimal portfolio liquidation with cross-price impacts on trading
Consider the portfolio liquidation problem in which a risk-neutral investor unwinds a large portfolio because of urgent liquidity issues. To measure market liquidity, both permanent and temporary cross-price i...
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Article
Identifying environmental and health threats in unconventional oil and gas violations: evidence from Pennsylvania compliance reports
With unconventional oil and gas booming in commercial development, its inevitable environmental damage has aroused the public’s vigilance. To support the regulation improvement and early-warning system buildin...
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Article
Open AccessHow time-inconsistent preferences influence venture capital exit decisions? A new perspective for grandstanding
Considering that the assumption of time consistency does not adequately reveal the mechanisms of exit decisions of venture capital (VC), this study proposes two kinds of time-inconsistent preferences (i.e., ti...
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Article
Research on value and factors of the guarantee payment in the energy performance contracting in China
Mistrust of the Energy Using Organisation (EUO) in Energy Services Company (ESCO) is a key factor that hinders the development of Energy Performance Contracting Projects (EPCPs) in China, especially the EPCP i...
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Article
Using jump-diffusion modeling for valuing real options in infrastructure projects
In infrastructure financed projects, in order to attract private investors, host governments often provide some guarantees. This paper develops a value model of minimum revenue guarantee with multiple-exercise...
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Article
Forecast of China’s grain production development and its self-support rate analysis
This paper discuses four stern difficulties and challenges faced by the development of grain production in China. According to the basic national conditions of China and the amount of grain resources in the wo...
