How Does Network Structure Impact Follow-On Financing through Syndication? Evidence from the Renewable Energy Industry

Competition and R&D Financing: Evidence from the Biopharmaceutical Industry∗

What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We provide causal evidence supporting th...

Environmental sustainability enhancement of a petroleum refinery through heat exchanger network retrofitting and renewable energy

This paper presents a case study on the enhancement of environmental sustainability in a petroleum refining process based on an exergetic diagnostic approach. The Life Cycle Assessment (LCA) pinpointed crude oil production and electricity generating systems as the main sources of environmental unsustainability. The existing hot utility demand of the process is 78.4 MW with a temperature differe...

Empirical Evidence on Governance Mechanisms, Syndication Activities, and Partner Selection Strategies in Venture Capital Financing

Does One Size Fit All? The Impact of Liquidity Requirements on Bank\'s Insolvency: Evidence from Iranian Listed Banks

According to the Basel III regulatory framework, uniform minimum liquidity requirements have been imposed on all types of banks. Using an agent-based model of a banking system, we investigate the effects of liquidity requirements on banks' insolvency under two policy experiments in one of which the minimum liquidity requirements are applied uniformly and in the other differentially across banks...

How Health Care Can Lead The Way on Renewable Energy.

In 2009, the Lancet/UCL Commission for Global Health, a collaboration between The Lancet medical journal and University College London, UK, reported that climate change’s threat to human health is so great that it could overturn the last 50 years of development and public health gains worldwide.1 No one is immune from the health impacts of climate change. Rising temperatures and air pollution w...