In this paper we analyse firm level systemic risk for US and European banks from 2004 to 2012. We observe that common systemic risk indicators are primarily driven by firm size which implies an overriding concern for “too-big-to-fail” institutions. However, smaller banks may still pose...

We investigate the relationship between corporate social performance and institutional ownership. We distinguish between long-term and short-term institutional investors using holdings-based measures which directly capture the investment horizon of each institution. Our analysis shows that long...

Recent studies show that loss probability (LP) is a decisive factor when people evaluate risk of assets in laboratory experiments, suggesting a positive relationship between LP and expected stock returns. This corresponds to the classical "Safety-First" principle. We find empirical support for...

In this paper we analyse aggregate and firm level systemic risk for US and European banks from 2004 to 2012. We observe that common systemic risk indicators are primarily driven by firm size which implies an overriding concern for “too-big-to-fail” institutions. However, smaller banks may...

Newly deposited mercury (Hg) is more readily methylated to methylmercury (MeHg) and accumulates in rice than ambient Hg in soil. However, the geochemical fractionation of newly deposited (“new” Hg) Hg in the soil is still unknown. In this study, enriched stable Hg isotope was employed to...

The Performance Management (PM) is one of the important approaches to improve the benefit achievements of power industry; however, the PM of electric power industry in China is still in the initial stage, under which it should be concerned as one of the most popular issues of electric power...