We examine the financing choices of undiversified large shareholders or owner-managers in a continuous time structural model with rational expectations. The interplay between the objective of the undiversified, self-interested owner-manager who controls the firm and the valuation of the firms...

Based on the meteorological and surface runoff data from Xinjiang for the past 50 years, this study examined the temporal-spatial variation characteristics of the air temperature, precipitation and runoff in Xinjiang using nonparametric tests and wavelet analysis. The results indicate that the...