This paper examines the structure and cost of a large sample of bank loans to private firms. Compared to public firms, private firms are more informationally opaque and riskier. The results suggest that the design of a loan to a private firm is significantly different from that to a public firm....

This paper examines time series patterns of external financing decisions and shows that publicly traded U.S. firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...

This paper examines time series patterns of external financing decisions and shows that publicly traded U.S. firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...

This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...

We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...

We examine whether firms' earnings exhibit higher degrees of conservatism after restating their financial statements. Conservatism is defined as more timely recognition of gains than losses in earnings (Basu, 1997). Using a sample of restatements derived from the Government Accountability Office...

We develop a model for optimal location of retail stores on a network. The objective is to maximize the total profit of the network subject to a minimum ROI (or ROI threshold) required at each store. Our model determines the location and number of stores, allocation of demands to the stores, and...

In this paper, we consider a supply chain consisting of a supplier and a retailer selling the product manufactured by the supplier in a market, in which the demand for the product is decreasing in the price set by the retailer. Previous research on coordinating the supply chain with...

Sentiment contagion such as the spread of panic in emergencies is a common phenomenon in human society. Considering the difference between sentiment contagion and epidemic contagion, we define the transition probabilities of the binary emotional state (optimism, pessimism) and establish a...

Similarities exist between the rumor spreading and the infectious disease transmission. Some researches on the disease spreading involve two or more diseases which are cross-infection propagation. Similarly, two or several kinds of rumors may spread at the same time. In this paper, we study a...