In this paper a theoretical model of the heat-transfer processes in a solid adsorbent packed bed is established. Based on discretized energy control equations of the fluid in the heat-transfer coil and transient heat conduction equations of the adsorbent in the bed with unsteady boundary...

Crystalline cubic silicon carbide (3C-SiC) surface layers have been prepared by carbon-ion implantation into silicon (100) using a MEVVA ion source and subsequent annealing at 1250°C for 2 h. The obtained films have been characterized by SEM, XRD, and micro-Raman analysis. The effect of...

Modification of bioceramics by ion implantation of magnesium (Mg) is of interest as Mg is the fourth abundant cation in the human body. In this work, magnesium was ion-implanted into a ZrO2 based bioceramic stabilized with Y2O3 and Al2O3. Both Mg-implanted and unimplanted samples were soaked in...

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans initiated before restatement, loans initiated after restatement have significantly higher spreads, shorter maturities, higher likelihood of being secured, and more covenant...

We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time-invariant firm and, especially, manager fixed effects explain a majority of the variation in executive pay. We then show that in many...

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans initiated before restatement, loans initiated after restatement have significantly higher spreads, shorter maturities, higher likelihood of being secured, and more covenant...

Canada modified the capital adequacy test for property/casualty insurers to align regulatory surplus and firm risk. We explore the impact of this change on insurer surplus holdings. We find firms have not changed the level of surplus in response to risk characteristics in the capital adequacy...

We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...

We test the limits of arbitrage argument for the survival of irrationality-induced financial anomalies by sorting securities on their individual residual variability as a proxy for idiosyncratic risk -- a commonly asserted limit to arbitrage -- and comparing the strength of anomalous returns in...

This paper quantifies the “human costs of bankruptcy” by estimating employee wage losses induced by the bankruptcy filing of employers using employee-employer matched data from the U.S. Census Bureau’s LEHD program. We find that employee wages begin to deteriorate one year prior to...