There has been a growing emphasis on the importance of long-term perspective in academia and practice. Yet understanding interdependency those factors – temporal preferences embedded organizations societal values as well influence orientation investors remains limited. We theorize whether how firm's corporate social responsibility (CSR) is affected by orientation, its time horizon, investors' h...

The optimal stopping problem for a Hunt processes on R is considered via the representation theory of excessive functions. In particular, we focus on in nite horizon (or perpetual) problems with one-sided structure, that is, there exists a point x∗ such that the stopping region is of the form [x∗,+∞). Corresponding results for two-sided problems are also indicated. The main result is a spectral...

A control law is constructed for a linear time varying system by solving a two player zero sum diierential game on a moving horizon, the game being that which is used to construct an H 1 controller on a nite horizon. Conditions are given under which this controller results in a stable system and satisses an innnite horizon H 1 norm bound. A risk sensitive formulation is used to provide a state ...

The fundamental question encountered in acquiring capacity to meet nonstationary demand over a multiperiod horizon is how to balance the trade-off between having insufficient capacity in some periods and excess capacity in others. In the former situation, part of the demand is subcontracted while, in the latter, capacity that has been paid for is rendered idle. Capacity and subcontracting decis...

Recently it has shown that Einstein’s field equations can be rewritten into a form of the first law of thermodynamics both at event horizon of static spherically symmetric black holes and apparent horizon of Friedmann-Robertson-Walker (FRW) universe, which indicates intrinsic thermodynamic properties of spacetime horizon. In the present paper we deal with the socalled f(R) gravity, whose action...

The relentless spread of photovoltaic production drives searches smart approaches to mitigate unbalances in power demand and supply, instability on the grid ensuring stable revenues producer. Because development energy markets with multiple time sessions, there is a growing need forecasting for steps, from fifteen minutes up days ahead. To address this issue, study both short-term-horizon three...

This paper shows that optimal fiscal and monetary policy is generally time consistent in a standard small open economy. Further, there exist many maturity structures of public debt capable of rendering the optimal policy time consistent. This result is in sharp contrast with that obtained by others in the context of closedeconomy models. In the closed economy, the time consistency of optimal mo...