Listing 1 - 10 of 19 | << page >> |
Sort by
|
Choose an application
Three of the eleven papers focused on groundwater recharge and its impacts on the groundwater regime, in which recharge was caused by riverbed leakage from river ecological restoration (artificial water replenishment). The issues of the hydrogeological parameters involved (such as the influence radius) were also reconsidered. Six papers focused on the impact of river ecological replenishment and other human activities on river and watershed ecology, and on groundwater quality and use function. The issues of ecological security at the watershed scale and deterioration of groundwater quality were of particular concern. Two papers focused on water resources carrying capacity and water resources reallocation at the regional scale, in the context of the fact that ecological water demand has been a significant topic of concern. The use of unconventional water resources such as brackish water has been emphasized in the research in this issue.
influence radius --- Dupuit --- Thiem --- groundwater flow system --- sustainable development --- hydrogeochemistry --- ionic ratios --- factor analysis --- inverse modeling --- Yangtze River --- water resources carrying capacity --- uncertainty analysis --- fuzzy comprehensive evaluation model --- weight sensitivity analysis --- Yongding River --- groundwater numerical simulation --- artificial ecological water supplement --- groundwater recharge resources amount evaluation --- alga control --- typical biological chain --- Ecopath model --- ecological restoration --- Lianshi Lake --- Songnen Plain --- groundwater --- fluorine --- distribution --- formation --- human health risk --- groundwater quality --- groundwater hydrochemistry --- drinking suitability --- irrigation suitability --- health risk assessment --- watershed ecological security assessment --- DPSIR model framework --- environmental management --- water allocation --- brackish water --- general algebraic modeling system --- water diversion project --- numerical simulation --- MODFLOW --- n/a
Choose an application
We construct accounting-based costs of equity for dollar neutral long-short trading strategies formed on a comprehensive list of anomaly variables. These variables include book-to-market, size, composite issuance, net stock issues, abnormal investment, asset growth, investment-to-assets, accruals, earnings surprises, failure probability, return on assets, and short-term prior returns. Our findings are striking. Except for the value premium, cost of equity estimates differ dramatically from average realized returns. If accounting-based costs of equity are reasonable proxies for expected returns, the evidence implies that returns of most anomalies are unexpected, and that mispricing, not risk, is the main driving force of capital markets anomalies.
Choose an application
Interpreting accruals as working capital investment, we hypothesize that firms rationally adjust their investment to respond to discount rate changes. Consistent with the optimal investment hypothesis, we document that (i) the predictive power of accruals for future stock returns increases with the covariations of accruals with past and current stock returns, and (ii) adding investment- based factors into standard factor regressions substantially reduces the magnitude of the accrual anomaly. High accrual firms also have similar corporate governance and entrenchment indexes as low accrual firms. This evidence suggests that the accrual anomaly is more likely to be driven by optimal investment than by investor overreaction to excessive growth or over-investment.
Choose an application
We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized betas for equity portfolios, relating them both to their underlying realized variance and covariance parts and to underlying macroeconomic fundamentals.
Choose an application
Choose an application
Choose an application
Choose an application
Choose an application
Choose an application
Listing 1 - 10 of 19 | << page >> |
Sort by
|