In this paper, we consider a new corporate bond-pricing model with credit-rating migration risks and a stochastic interest rate. In the new model, the criterion for rating change is based on a predetermined ratio of the corporation’s total asset and...
Undoubtedly, it is important to have an empirically effective credit risk rating method for decision-making in the financial industry, business, and even government. In our approach, for each corporate bond (CB) and its issuer, we first propose a cre...
Capturing determinants of bond default risks has aroused heated discussions ever since the “rigid payment” system collapsed in China. Within this context; this paper aims to clarify the relation between an issuer’s environmental; so...
Credit risk modeling by debt pricing has been a popular theme in both academia and practice since the subprime crisis. In this paper, we devote our study to the indifferent price of a corporate bond with credit risk involving both default risk and cr...
This paper proposes a method for classifying crystal planes based on the bond angle characteristics of quartz unit cells and constructs an etch rate model for quartz crystal planes at both macro and micro scales. By omitting oxygen atoms from the qua...
This paper compares actively managed bond vs. equity mutual fund performance using modified False Discovery Rate (
The issuance of multiple-event catastrophe bonds (MECBs) has the potential to increase in the next few years. This is due to the increasing trend in the frequency of global catastrophes, which makes single-event catastrophe bonds (SECBs) less relevan...
In adhesive bonding, two different substrate materials are joined together, usually by forming chemical bonds. The adhesive can stick things together. The loading rate and deformation mode can easily change the mechanical properties of the adhesive m...
This paper microscopically investigated progressive failure characteristics of brittle rock under high-strain-rate compression using the bonded particle model (BPM). We considered the intact sample and the flawed sample loaded by split Hopkinson pres...
This study investigated the effect of supersolidus liquid-phase sintering conditions on the powder particle bonding and the AlN-phase formation of an AlSi10Mg alloy. Sintering was conducted at temperatures between 550 and 579 °C, with a holding d...
This study aimed to evaluate the failure rates and relevant factors of bonded orthodontic brackets with a computer-aided design and manufacturing (CAD/CAM)-based 3D-printed indirect bonding jig system (IDBS) using 2531 natural teeth selected from 99...
The association of the V-prep and a resin-modified glass ionomer cement (RMGIC) has shown to be a suitable alternative for the orthodontic bracket bonding procedure in vitro. The aim of this study was to evaluate over eighteen months the clinical bon...
FRP bars and steel strands are widely used in civil engineering. In this study, three different types of high-strength reinforcement materials, carbon fiber reinforced polymer (CFRP) bar, glass fiber reinforced polymer (GFRP) bar, and steel strand, w...
Austenitic stainless steel diffusion bonding was performed, and the effects of the surface roughness and bonding temperature on the interface microstructure and mechanism of hole closure were investigated. The bonded interface microstructure was anal...
In order to study the bond performance between desert sands engineered cementitious composites (DS-ECC) and corrosion steel bars, seven groups of specimens were designed and manufactured. Through the center pull-out test, the effects of different typ...
This study explores the historical evolution and short-term predictive modeling of the U.S. 10-year Treasury bond yield, a critical indicator in global financial markets. Recognizing its sensitivity to macroeconomic conditions, the research integrate...
Bonding failure is a clinical issue frequently encountered in orthodontic practice. The aim of this study was to evaluate enamel pretreatment both in vitro and clinically using agents with different RDA values before brackets’ bonding, to asses...
China is commonly viewed as a country with weak legal institutions and disclosure regulations. The validity and effectiveness of credit rating in China are controversial topics. Bond ratings provide information about the quality and marketability of...
Polymer-coated steel (PCS) is a new type of metal packaging material under development, which has better performance in saving resources, energy, and environmental protection. The lamination process has an important influence on the bonding quality o...
Au/Si eutectic bonding is considered to BE a promising technology for creating 3D structures and hermetic packaging in micro-electro-mechanical system (MEMS) devices. However, it suffers from the problems of a non-uniform bonding interface and comple...
The interfacial bonding process and mechanical properties of AISI (American Iron and Steel Institute) stainless steel/Q235A carbon steel were investigated by deformation bonding, heat preservation, and tensile tests. The results reveal that the defor...
A carbon fiber-reinforced polymer (CFRP) is a common material utilized for the enhancement in reinforced concrete (RC) constructions. Previous research indicates that the bonding performance between a CFRP sheet and concrete determines whether the bo...
Interface debonding between fiber reinforced polymers (FPR) and substrates is the principal failure mode for FRP-reinforced structure. To understand the bond–slip relationship at FRP-to-brick interfaces under dynamic loading, the influences of the dy...
This paper examines the behavior of the interest rate risk management measures for bonds with embedded options and studies factors it depends on. The contingent option exercise implies that both the pricing and the risk management of bonds requires m...
This study analyzes the relationship between Environmental, Social and Governance (ESG) scores and bond returns using the corporate bond data in Korea during the period of 2010 to 2015. We find that ESG scores include valuable information about the d...
This article investigated the mechanical performance and corrosion behaviour of a diffusion-bonded A5083 aluminium/A36 mild steel dissimilar joint with a Gallium (Ga) interlayer. The bonding parameters were the bonding temperature (525 and 550 °C...
Green bonds are a new financial tool that has developed rapidly in the context of climate change risks. Their proceeds are used to finance only environmentally friendly projects. This paper aims to examine the determinant factors of the green bonds i...
This paper empirically explores the determinants of stop episodes driven by bond flows using quarterly data from 38 economies over the period 1995–2011. Drastic bond-led stop episodes may greatly destabilize domestic financial markets and lead...
Catch bond, whose lifetime increases with applied tensile force, can often mediate rolling adhesion of cells in a hydrodynamic environment. However, the mechanical mechanism governing the kinetics of rolling adhesion of cells through catch-bond under...
Cochrane (2014) shows that high-powered money balances and short-term government bonds can be considered as perfect substitutes for the U.S economy during the past twenty years. We build on this claim and consider a variant of the standard cashless n...
Background/Objectives: Conservative options for single-tooth replacements in the anterior region include all-ceramic one-retainer resin-bonded fixed dental prostheses (RBFDPs) and three-unit fixed partial dentures (FPDs). Methods: This systematic rev...
We consider the problem of short term immunization of a bond-like obligation with respect to changes in interest rates using a portfolio of bonds. In the case that the zero-coupon yield curve belongs to a fixed low-dimensional manifold, the problem i...
Current corn kernel-cob bonding mechanics models (LSD models) uniformly consider the bonding force changes during the maize threshing operation as an elastic change, resulting in computational errors of up to 10% or more in discrete element simulatio...
After the 2007 financial crisis, many central banks adopted policies to lower their interest rates; the dynamics of these rates cannot be captured using classical models. Recently, Meucci and Loregian proposed an approach to estimate nonnegative inte...
This study investigates the relationship between bond-specific factors, macroeconomic variables, and green bond (GB) yields issued in the Indonesian bond market. The study sample includes 468 GBs issued by 30 issuers from both corporate and governmen...
The national scale of catastrophic losses risk linked to state catastrophe bonds (SCB) is enormous. It can reduce investors’ interest in buying them because the capital required and the loss probability are also significant. To overcome this, t...
In this study, the influence of graphene oxide nanoparticles on the bond-slip behavior of fiber and fly-ash-based geopolymer paste was examined. Geopolymer paste incorporating a graphene oxide nanoparticle solution was cast in half briquetted specime...
This paper addresses a critical inconsistency in models of the term structure of interest rates (TSIR), where zero-coupon bonds are priced under risk-neutral measures distinct from those used in equity markets. We consider a unified TSIR framework th...
One of the responses of the monetary policies of central banks to the sustainable development on financial markets, which also affected other markets and economic growth, is the role of non-standard monetary policies, referred to as quantitative easi...
17 January 2018
This study examines factors associated with the physical health of Korea’s growing immigrant population. Specifically, it focuses on the associations between ethnic networks, community social capital, and self-rated health (SRH) among female marriage...
Motivated by tunnel accidents in the recent past, several investigations into the sustained load behavior of adhesive anchors have been initiated. Nevertheless, the reliable lifetime prediction of bonded anchor systems based on a relatively short tes...
Issuance effects are regarded as one of the most important aspects referring to the regulatory guidelines of green corporate bond ratings. This paper developed a new incentive difference Hotelling model, considering four major factors, i.e., the dire...
The aim of the present study was to evaluate in a clinical setting the bracket survival of lingual brackets bonded with the KommonBase system, and to compare it to the survival of a customized lingual bracket system. Two convenience samples of 13 con...
This article introduces a new approach for dealing with the diversification/concentration risk of fixed income assets. Because Government bonds, corporate bonds, and mortgage backed securities constitute a large proportion of the assets of institutio...
This study explores how surprise shocks in Indonesia’s macroeconomic environment—specifically interest rates, inflation, and exchange rates—affect the returns and volatility of key financial assets, including gold, Bitcoin (BTC), st...
Financial stability analysis requires volatility modeling, especially in emerging nations where pension fund systems are very vulnerable to macrofinancial risks. In order to examine the volatility dynamics of Romania’s private pension system, t...
This paper investigates the incentive of credit rating agencies (CRAs) to bias ratings using a semiparametric, ordered-response model. The proposed model explicitly takes conflicts of interest into account and allows the ratings to depend flexibly on...
This study investigates the use of nanocrystalline Cu (NC-Cu) to suppress interfacial voids in low-temperature Cu-Cu bonding for 3D IC packaging. We quantitatively compared the void characteristics of electrodeposited NC-Cu (grain size ~89.3 nm) and...
Austenitic stainless steels X4CrNi18-12 and X8CrMnNi19-6-3 were processed by accumulative roll bonding (ARB). Both materials show an extremely high yield strength of 1.25 GPa accompanied by a satisfactory elongation to failure of up to 14% and a posi...
Post-annealing treatments constitute a simple and cost-effective strategy to tailor the structure and photocatalytic performance of polymeric carbon nitride (PCN). In this work, PCNs synthesized from melamine and urea were subjected to post-annealing...
of 65