The molecular-based magnet system consists of mixed spin-2 and spin- 5/2 honeycomb lattices with ferrimagnetic interlayer coupling. Within the framework the effective-field theory with self-spin correlations and differential operator technique, the effects of the transverse field on the...

Within the framework of the effective-field theory with correlations, the ferromagnetism of spin-32 Ising model with a transverse crystal field on honeycomb and square and simple cubic lattices is studied. Tricritical phenomena have been observed for the square and simple cubic lattices, but...

Low-temperature magnetic properties of a Heisenberg model consisting of ferro- and antiferromagnetic layer superlattices are studied by using spin-wave theory and retarded Green's function method. The four-sublattice magnetizations and internal energy and specific heat at low temperature are...

The method of the effective-field theory with self-spin correlations and the differential operator technique is used to study the magnetic properties of the spin-3/2 Ising model with biaxial crystal-field on the honeycomb lattice. The effects of a biaxial crystal-field described by two uniaxial...

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant-level information from the U.S. Census Bureau. A typical target firm improves its production efficiency within two years after activism, and this improvement is concentrated in...

This paper examines whether investors recognize the value of managerial flexibilities, as proxied by real options, in their valuation of new product introductions. We define a firm’s real options portfolio as the difference between the firm’s market value and its assets in place. A firm’s...

This paper formally analyzes the biases related to self-reporting in hedge fund databases by matching the quarterly equity holdings of a complete list of 13F-filing hedge fund companies to the union of five major commercial databases of self-reporting hedge funds between 1980 and 2008. We find...

This paper studies the confidential holdings of institutional investors, especially hedge funds, where the quarter-end equity holdings are disclosed with a delay through amendments to the Form 13F and are usually excluded from the standard databases. Evidence supports private information as the...

We study the effect of bank loans on Chinese publicly listed firms' investment decisions based on the underinvestment and overinvestment theories of leverage. Evidence from China is of particular importance because China is the world's largest emerging and transitional economy. At first we show...

In this paper, we develop heterogeneous agent models with equilibrium unemployment to study the optimal taxation and labour wedge. We find that the the presence of profits plays an important role in the determination of both optimal tax policy and labour wedge. Judd-Chamley optimal zero capital...