Showing 1 - 10 of 129
We investigate the problem of dynamic optimal capital growth of a portfolio. A general framework that one strives to maximize the expected logarithm utility of long term growth rate was developed. Exact optimization algorithms run into difficulties in this framework and this motivates the...
Persistent link: https://www.econbiz.de/10010873106
Building the new countryside construction database plays an important role in improving the construction efficiency, and enhancing the level of major project management. On the basis of detailed analysis of features of the new countryside construction data, we give an overview of the database...
Persistent link: https://www.econbiz.de/10010918922
The impact of monetary policy changes on the monetary market and stock market in China is investigated in this study. The changes of two major monetary policies, the interest rate and required reserve ratio, are analyzed in a study period covering seven years on the interbank monetary market and...
Persistent link: https://www.econbiz.de/10011062919
Persistent link: https://www.econbiz.de/10009251576
While recent studies document increasing idiosyncratic volatility over the past four decades, an explanation for this trend remains elusive. We establish a theoretical link between growth options available to managers and the idiosyncratic risk of equity. Empirically both the level and variance...
Persistent link: https://www.econbiz.de/10012758105
While recent studies document increasing idiosyncratic volatility over the past four decades, an explanation for this trend remains elusive. We establish a theoretic link between growth options available to managers and the idiosyncratic risk of equity. Empirically both the level and variance of...
Persistent link: https://www.econbiz.de/10012779251
This research examines why and how brand owners in China adopt and use mobile media in marketing campaigns to deliver co-creation brand experiences and build consumer relationships. China represents an interesting case to study as it has leapfrogged into the age of consumer society and mobile...
Persistent link: https://www.econbiz.de/10009483231
Due to advantages such as high energy density, high power density, rapid charge and discharge, high cyclic-life, and environmentally friendly, flywheel energy storage systems (FESs) are widely used in various fields. However, the performance of FES systems depends on the performance of a high...
Persistent link: https://www.econbiz.de/10011261289
This paper investigated a 12-slot/11-pole flux switching permanent magnet (FSPM) machine used for electric vehicles (EVs). Five novel rotor teeth shapes are proposed and researched to reduce the cogging torque and torque ripple of the FSPM machine. These rotor teeth shapes are notched teeth,...
Persistent link: https://www.econbiz.de/10011093804
This paper investigates the valuation of currency options when the underlying currency follows a mean‐reverting lognormal process with multi‐scale stochastic volatility. A closed‐form solution is derived for the characteristic function of the log‐asset price. European options are then...
Persistent link: https://www.econbiz.de/10011198327