This study suggests a new measure for a firm's operating cost flexibility. Flexible firms are less risky and, therefore, require lower stock returns. This analysis of 126,202 firm-year observations from the U.S. cross-section of stock returns finds that the new measure explains a negative...

This paper explores the determinants of the net interest margin (NIM) using unbalanced panel data from 2003 to 2017. This paper's objective is achieved by using a two-step system generalised method of moment (GMM) for estimation. Three different models are to account for two alternative measures...

This paper explores the determinants of the net interest margin (NIM) using unbalanced panel data from 2003 to 2017. This paper's objective is achieved by using a two-step system generalised method of moment (GMM) for estimation. Three different models are to account for two alternative measures...

The number of dairy operations and cow numbers in the United States is declining. This leads to the question of whether the decline is nationwide or in specific areas of the country and what regional effects may cause a drop in cow cumbers. This question was analyzed in many ways. Using the GLM...

This study focuses on analyzing the variables affecting the average operating cost per aircraft movement. Since airlines around the world are operated on thin profit margins and with increasing competition from Low Cost Carriers it will be important for an airline to get a complete understanding...

If banks solve an inter-temporal problem under adverse selection and moral hazard, then bank specific factors, regulatory and supervisory features, market structure, and macroeconomic factors affect banks loan interest rates and their spread over deposit interest rates. To examine post...

If banks solve an inter-temporal problem under adverse selection and moral hazard, then bank specific factors, regulatory and supervisory features, market structure, and macroeconomic factors affect banks loan interest rates and their spread over deposit interest rates. To examine post...

A Remedial Investigation/Feasibility Study (RI/FS) is in progress at the Laboratory for Energy Related Health Research (LEHR) at the University of California, Davis. The purpose of the RI/FS is to gather sufficient information to support an informed risk management decision regarding the most...

The impact on a utility incorporating wind turbine generation due to wind speed sampling frequency, wind turbine performance model, and wind speed forecasting accuracy is examined. The utility analyzed in the study was the Los Angeles Department of Water and Power and the wind turbine assumed...

Successful commercialization of fusion energy requires economic viability as well as technical and scientific feasibility. To assess economic viability, we have conducted a pre-conceptual level evaluation of LIFE economics. Unit costs are estimated from a combination of bottom-up costs...

Mechanization is a key to agricultural productivity growth in developing countries. Farm implements, ranging from hand tools to draft animals to milling machines to power tillers and tractors, often play complementary roles with each other, and supporting adoption of certain farm implements may...

This Deliverable No. 18b - Capital and Operating Cost Estimates includes a detailed presentation of the 12,500 BPD coal-to-methanol-to-gasoline plant from the standpoint of capital, preoperations, start-up and operations cost estimation. The base capital cost estimate in June 1982 dollars was...

There have been many questions about the costs of providing medical services. These questions have resulted in the development of Resource-Based Relative Values Scale (RBRVS) at the national level. Policymakers view RBRVS as a potential tool to pay physicians. The questions, about the cost of...

This report contains the FY 1993 Congressional budget for the Bonneville Power Administration. The overview includes tables and summary statements of (1) Current services -- Program and financing; (2) Status of borrowing and cash flow; (3) Impact of repayment proposal on Federal Columbia River...

For the past several years, competing resource demands within BPA have forced the Agency to stretch Operations, Maintenance and Replacement (OM R) resources. There is a large accumulation of tasks that were not accomplished when scheduled. Maintenance and replacements and outages, due to...

This report presents estimated costs and cost indices for domestic oil and natural gas field equipment and production operations for 1992, 1993, 1994, and 1995. The costs of all equipment and services are those in effect during June of each year. The sum (aggregates) of the costs for...

Until the 1970s, it was commonplace for institutions and governments to purchase equipment based on lowest initial (first) costs. Recurring costs such as operational, maintenance, and energy costs often were not considered in the purchase decision. If an agency wanted to buy something, it...

For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the Energy Information Administration (EIA), natural gas-fired units account for nearly 90% of the total generating capacity added in the U.S. between 1999 and...

superior lighting services to low income people in off-grid areas of developing countries, many of whom currently rely on fuel based lighting sources such as kerosene. If this potential is to be achieved in the near term, however, manufacturers must produce off-grid lighting products that are...

Managers are often required to quickly and accurately estimate resource needs. At times, additional work can be absorbed without additional resources. At other times, threshold resource boundaries are exceeded requiring an additional quantum of a specific resource. Cost savings` estimates,...

The purpose of the research described in this paper was to examine the effects of using longer and heavier tractor-trailer combinations from the standpoint of the individual firm or shipper rather than from the viewpoint of the motor carrier. The objective was to determine the effect of longer...

The Office of Inspector General previously issued Report No. DOE/IG-0335, ``Report on Inspection of Selected Intelligence and Special Access Program Work-for-Others Projects``. In this report, the authors noted that Los Alamos National Laboratory had internal control weaknesses involving...

Renewable power technologies are inherently capital-intensive, often (but not always) with relatively high construction costs and low operating costs. For this reason, renewable power technologies are typically more sensitive to the availability and cost of financing than are natural gas power...

To help meet our nation’s energy needs, reprocessing of spent nuclear fuel is being considered more and more as a necessary step in a future nuclear fuel cycle, but incorporating this step into the fuel cycle will require considerable investment. This report presents an evaluation of financing...

To help meet the nation’s energy needs, recycling of partially used nuclear fuel is required to close the nuclear fuel cycle, but implementing this step will require considerable investment. This report evaluates financing scenarios for integrating recycling facilities into the nuclear fuel...

This paper analyzes net interest income in the Mexican banking system over the period 1993-2005. Taking as reference the seminal work by Ho and Saunders (1981) and subsequent extensions by other authors, our study models the net interest margin simultaneously including operating costs and...

This paper analyzes net interest income in the Mexican banking system over the period 1993-2005. Taking as reference the seminal work by Ho and Saunders (1981) and subsequent extensions by other authors, our study models the net interest margin simultaneously including operating costs and...

The Energy Policy and Conservation Act as amended (P.L. 94-163), establishes energy conservation standards for 12 of the 13 types of consumer products specifically covered by the Act. The legislation requires the Department of Energy (DOE) to consider new or amended standards for these and other...

This report presents estimated costs and indice for domestic oil and gas field equipment and production operations for 1990, 1991, 1992, and 1993. The costs of all equipment and serives were those in effect during June of each year. The sums (aggregates) of the costs for representative leases by...

The largest volume waste stream associated with oil and gas production is produced water. A survey conducted by the American Petroleum Institute estimated that 20.9 billion barrels of produced water were disposed of in 1985 (Wakim 1987). Of this total, 91% was disposed of through disposal wells...

In 2001, the U.S. Department of Energy (DOE) initiated a rulemaking process to consider whether to amend the existing energy efficiency standards for furnaces and boilers. A key factor in DOE's consideration of new standards is the economic impacts on consumers of possible revisions to...