In this paper we investigate whether the terms used in the design of a convertible debt issue act as a signal of the issuing firm's future growth prospects. Our general premise is that convertible debt design terms are interrelated and arranged in a manner that signals asymmetric information to...

We test the signaling and wealth transfer hypotheses around the announcement of share repurchases using a recent and larger sample of data than previously examined while employing a methodology designed to enhance the power of our tests. Disentangling the wealth transfer and signaling hypotheses...

We reconsider the role of asymmetric information in motivating the issuance of callable bonds. The previous literature has emphasized a possibility that a call feature serves as a signal of issuer quality. We demonstrate that asymmetric information can motivate use of a call even when this...

The concept of leadership inevitably concerns power structuring in which power is distributed unevenly between individuals. Indeed, leadership styles are closely associated with power distribution and its exercise. Power, in its diverse guises, combines inter-personal and structural elements and...

In this paper, we establish the upper semicontinuity and lower semicontinuity of solution mappings to a parametric generalized strong vector equilibrium problem with setvalued mappings by using a scalarization method and a density result. The results improve the corresponding ones in the...

A large number of ground-coupled heat pump (GCHP) systems have been used in residential and commercial buildings throughout the world due to the attractive advantages of high efficiency and environmental friendliness. This paper gives a detailed literature review of the research and developments...

In this article, the authors derive explicit formulas for European foreign exchange (FX) call and put option values when the exchange rate dynamics are governed by jump‐diffusion processes. The authors use a simple general equilibrium international asset pricing model with continuous trading...