Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is unable to forecast macroeconomic fluctuations or...

The pricing of equity in six European emerging capital markets is analysed using both the conventional CAPM and a ‘conditional’ CAPM wherein up and down markets are separated. International influences on the stock markets are also analysed. The empirical evidence from a sample of...

In this paper, the structure and control tasks are briefly summarized for ORC (Organic Rankine Cycle) based WHECSs (waste heat energy conversion systems). A control-oriented physical model is established for WHECSs. The energy conversion efficiency of ORC systems is investigated. A constrained...

With the rapid development of EVs (electric vehicles), the integration of PV (photovoltaic) generation with EV charging infrastructure can effectively improve the efficiency of clean energy utilization and carbon emission reduction. How to optimize the capacities of components in the PV-based...

The electricity to thermal energy output ratio is an important impact factor for the operating modes and performances of combined cooling, heating and power (CCHP) systems. If the energy requirements of users are managed to just match this ration, the system efficiency would reach the maximum....

Short-term load forecasting is an important part in the energy management of micro-grid. The forecasting errors directly affect the economic efficiency of operation. Compared to larger-scale power grid, micro-grid is more difficult to realize the short-term load forecasting for its smaller...

The excitation intervention of strategic alliance may change with the changes in the parameters of circumstance (e.g., external alliance tasks). As a result, the stable cooperation between members may suffer a complete unplanned betrayal at last. However, current perspectives on strategic...

In this paper, a framework is given to model the network of networks and to investigate the vulnerability of the network of networks subjected to failures. Because there are several redundant systems in infrastructure systems, the dependent intensity between two networks is introduced and...

We successfully synthesized a new organodisulfide poly 1,2-bis(thiophen-3-ylmethyl)disulfane by a facile preparation method. The types of the chemical groups of poly-3-thienylthiophene were characterized by Fourier transform infrared spectroscopy (FTIR). The electrochemical properties of S–S...

This paper investigates the relationship between market concentration, risk-taking, and bank performance using a unique dataset of the BRIC banks over the period 2003–2010. We find a negative association between market concentration and performance, in support of the “quiet life”...