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People diagnosed with pancreatic cancer suffer the worst five-year survival of any cancer. Resection of the primary tumour currently provides the only potential for cure. Increasing the proportion of ...
While new empirical findings and theoretical frameworks provide insight into the interrelations between socioeconomic development, gender equity, and low fertility, puzzling exceptions and outliers i...
This paper examines the time-varying conditional correlations of daily European equity market returns during the Irish sovereign debt crisis. A dynamic conditional correlation (DCC) multivariate GARCH...
The equity premium, return on equity minus return on risk-free asset, is expected to be positive. We consider imposing such positivity constraint in local historical average (LHA) in nonparametric ker...
The equity premium, return on equity minus return on risk-free asset, is expected to be positive. We consider imposing such positivity constraint in local historical average (LHA) in nonparametric ker...
New teachers in the US often are unprepared to meet the needs of culturally and linguistically diverse students. Preparing teachers for diversity has generated widespread interest in mentoring, yet li...
New teachers in the US often are unprepared to meet the needs of culturally and linguistically diverse students. Preparing teachers for diversity has generated widespread interest in mentoring, yet li...
Market dynamics have begun to entrench themselves in educational systems around the world. Although this phenomenon has been addressed in several recent writings (Ball, 1993; Dehli, 1996; Gerwitz, Bal...
Private equity critics claim that leveraged buyouts bring huge job losses and few gains in operating performance. To evaluate these claims, we construct and analyze a new dataset that covers US buy...
An economy populated by a representative agent with power utility predicts an equity premium which is far below the realized equity premium in postwar data, at least for “reasonable parameters” for ...
Corporate cash flows are highly volatile and strongly procyclical. We examine the assetpricing implications of the sensitivity of corporate cash flows to economic shocks within a continuo...
This paper provides evidence that credit constraints are an important determinant of international trade flows. I exploit shocks to the availability of external finance and examine the i...
The Efficiency of Equity in Organizational Decision Processes.
since desegregation, the most important changes to American elementary and secondary schooling have almost certainly been in the realm of school finance. This is not only because dramatic changes have...
Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Mille...

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