Do shareholders gain when managers disperse corporate resources through activities classified
as corporate social responsibility (CSR)? Strategy scholars have recently developed a …

Much attention has been paid to the large decreases in value of non-agency residential
mortgage-backed securities (RMBS) during the financial crisis. Many observers have argued …

Comparisons of experimental and simulation results for a high-speed deep-V planing hull
are presented. The goal of this investigation is to improve the physical understanding of, as …

Part II of this two-part paper presents the results from experiments and simulations of a high-speed
deep-V planing hull operating in head waves (both regular and irregular). Results …

We focus on the decumulation decision that faces an individual upon entering retirement,
and seek a rational set of choices for an individual who receives a lump-sum settlement from …

One of the fundamental tenets of financial economics is that insurance companies, just as
other financial and non-financial firms, have a very strong incentive to maximize current …

Recent experimental campaigns provided the opportunity to measure radio wave propagation
and atmospheric conditions with the X-band beacon-receiver (XBBR) array system. The …

Many observers have argued that the fall in RMBS prices during the crisis was partly caused
by fire sales. Using a unique dataset of RMBS transactions for insurance companies, we …

Recently much attention has been given to the approaches insurers undertake in valuing their
liabilities and assets. For example, in 1994 the American Academy of Actuaries created a …

Many observers have argued that the fall in RMBS prices during the crisis was partly caused
by fire sales. We provide an explanation for why financial institutions may have engaged in …