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We define the probability that firm i is able to successfully avoid a potentially

that firm i incurs in order to increase the probability of avoiding an environmental

...

We define the probability that firm i is able to successfully avoid a potentially

**costly**environmental accident as pi £á ( 0 , 1 ) . ... Allow x ( pi ) to represent the**cost**that firm i incurs in order to increase the probability of avoiding an environmental

...

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Consistent with many existing models , we assume that if firm i is found

responsible for an environmental accident , it incurs a postaccident

which we refer to as firm i ' s environmental accident

following ...

Consistent with many existing models , we assume that if firm i is found

responsible for an environmental accident , it incurs a postaccident

**cost**, C ( qi ) ,which we refer to as firm i ' s environmental accident

**cost**, assumed to have thefollowing ...

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2 Learning Curve and Learning by Doing The ' learning curve ' is a function

relating the unit

advantages ' on the home firm with the infant or learning phase compared to the ...

2 Learning Curve and Learning by Doing The ' learning curve ' is a function

relating the unit

**costs**of the individual firm to ... The learning curve provides '**cost**advantages ' on the home firm with the infant or learning phase compared to the ...

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Christopher S Decker Mark E Wohar Environmental | 18 |

WonCheol Yun Predictability of WTI Futures Prices | 49 |

Geun Mee Ahn Trade Openness Real Exchange Rates | 73 |

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accident additional analysis approximation asset assumed assumption banks capital changes coefficient condition consider consistent consumption correlation cost currency currency composition debt dependent derivatives distribution Economic effect empirical environmental accidents equation equity errors estimates exchange rate expected firm's forecasting foreign function future given hedge higher home firm home government incentive increase industry initial interest rate swaps International investment Journal land learning linear lobbying activity LSTAR marginal mean measures Note optimal output parameters period portfolio positive predictability probability of default problem production profits ratio reduce regime regression relative reported representative respectively response risk sample second period selected shock shows significant specification spillover stage standard deviation statistic stock prices stock returns strategic subsidy substitute suggest swap Table takes term theory tion Trade transition University utility variable