This study aims to determine the nature of entrepreneur behavior, business creation, and transformation of software companies in Dalian City through case studies. Four companies that were launched in the 2000s were studied. These companies' businesses initially involved labor-intensive processes...

In the world, wind power is rapidly becoming a generation technology of significance. Unpredictability and variability of wind power generation is one of the fundamental difficulties faced by power system operators. Good forecasting tools are urgent needed under the relevant issues associated...

In deregulated power market, hydro producer has in principle no other objective than to produce electricity and sell with maximum profit with lower market risk. Attention must focus on profit uncertainty caused by uncertainty in spot prices and reservoir inflow. The purpose of this review is to...

<section xml:id="fut21658-sec-0001"> We use high‐frequency data to better characterize price dynamics in global crude oil markets. Initially, we provide much‐needed quantitative evidence on interactions between physical and financial layers of the Brent market, highlighting the ICE Brent futures contract as the overwhelming...</section>

We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets. Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term. Results...

This paper provides new evidence regarding the bidder shareholder wealth effects of takeover announcements by utilizing a robust method not previously employed in the area, namely Barber and Lyon's (1997) control firm approach. Thereafter, the study offers the first Australian evidence of the...

We provide the first evidence on catalysts for price discovery in the European Union Emissions Trading System. Specifically, by employing high frequency data across a wide range of fungible securities, we find that trading costs are a more important determinant of price discovery than either the...

Hong Kong has almost perfect electricity reliability, the result of substantial investments ultimately financed by electricity consumers who may be willing to accept lower reliability in exchange for lower bills. But consumers with high outage costs are likely to reject the reliability...