In this paper, we follow Jegadeesh and Titman's (1993, Journal of Finance) approach to examine 25 momentum/contrarian trading strategies using monthly stock returns in China for the period from 1994 to 2007. Our results suggest that there is no momentum profitability in any of the 25 strategies....

We test conditional consumption capital asset pricing models (CCAPMs) in the Australian equity market. The conditional variables used are Lettau and Ludvigson’s (2001a, b) consumption–wealth ratio, Campbell and Cochrane’s (1999) surplus consumption ratio and Santos and...

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...

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,...

We investigate whether effective corporate governance mechanisms help improve firm-level community engagement activities, using a sample of Australian mining companies for the period 2005–2013. We firstly document that effective board structure and functionality positively contribute to mining...

Axial flux permanent-magnet synchronous machines (PMSMs) are very suitable candidates for the power train of electric vehicles (EVs) due to high power density and high efficiency. This paper researches an axial flux PMSM with radially sliding permanent magnets (PMs) to fulfill field-weakening...

In this paper, we propose a new drawdown-based regime-switching (DBRS) Lévy insurance model in which the underlying drawdown process is used to model an insurer’s level of financial distress over time, and to trigger regime-switching transitions. By some analytical arguments, we derive...

In this paper, we consider an optimal control problem in which the control takes values from a discrete set and the state and control are subject to continuous inequality constraints. By introducing auxiliary controls and applying a time-scaling transformation, we transform this optimal control...

Under globalization and international market integration, exploring seasonality in global equity markets is imperative for portfolio managers and individual investors to timely reconstruct their portfolios and for firms to optimally schedule the issue of either new shares or IPOs. Prior research...

Drought is one of the most detrimental natural disasters. Studying the changing characteristics of drought is obviously of great importance to achieve the sustainable use of water resources at river basin scales. In this paper, the satellite-based Vegetation Condition Index (VCI) and Vegetation...