Results 171 to 180 of about 7,362 (303)

The Debt‐Equity Spread

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We propose a measure of the valuation gap between debt and equity—debt‐equity spread (DES)—based on the difference between actual and equity‐implied credit spreads. DES predicts cross‐sectional stock and bond returns in opposite directions.
HUI CHEN, ZHIYAO CHEN, JUN LI
wiley   +1 more source

Random Carbon Tax Policy and Investment Into Emission Abatement Technologies

open access: yesMathematical Finance, EarlyView.
ABSTRACT We analyze the problem of a profit‐maximizing electricity producer, subject to carbon taxes, who decides on investments into CO2$\rm CO_2$ abatement technologies. We assume that the carbon tax policy is random and that the investment in the abatement technology is divisible, irreversible, and subject to transaction costs.
Katia Colaneri   +2 more
wiley   +1 more source

Contesting Nationalism: Global Citizenship and Chinese Identity in Hong Kong

open access: yesNations and Nationalism, EarlyView.
ABSTRACT Global citizenship highlights that one's identity transcends national borders, whereas nationalism prioritises individuals' identification with a specific nation‐state. In the context of nation‐building, tension could arise between global citizenship and national identity.
Shen Yang
wiley   +1 more source

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