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Capital stock is a key and indispensable variable in production analysis. However, there exist many problematic capital stock estimates in the previous studies due to the inappropriate capital stock concepts. This paper attempts to construct a series of capital stock for China's industrial sector with an appropriate concept. We discuss the statistical problems in detail and solve them with great caution...
The study on the coupling relationship between the variation of soil erosion and geomorphological factors in watershed scale will contribute to the effectiveness of soil and water conservation. Based on soil erosion database, the topographic variations of soil erosion in watershed and the relationship between it with different geomorphologic factors were analyzed in the paper, with a case study of...
This paper test whether managerial overconfidence is associated with corporate financing policies, it propose that managerial beliefs help to explain the remaining variation across and within firms, including variation in pecking-order behavior. Developing a proxy for managerial overconfident mainly based on the manager being board chairman as CEO and using the modified pecking order model of financing,...
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