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Investment-financing maturity mismatches are common among firms worldwide, yet little is known about how government interventions can tackle them. This paper investigates China's Industry-Finance Cooperation Pilot Program as a quasi-natural experiment to examine whether, to what extent, and through what mechanisms government policies can address maturity mismatches. Using a multi-period differ...
This paper develops a nonparametric test for general functional inequalities that include conditional moment inequalities as a special case. It is shown that the test controls size uniformly over a large class of distributions for observed data, importantly allowing for general forms of time series dependence. New results on uniform growing dimensional Gaussian coupling for general mixingale proce...
While public attitudes regarding climate change have been widely explored in the global north, survey work is still limited in the global south countries. Here we analysed survey data (n = 8,400) from Chile, Colombia, India, Kenya, Nigeria, South Africa and Vietnam to understand climate knowledge, trusted information sources and policy preferences. Our results indicate that scientists stand out as...
金融基础设施发展需要密切关注国际监管动态,夯实相关法律基础,完善风险管理框架,增强应对风险的韧性,提升技术系统的独立性,保障体系安全高效运行。金融基础设施(Financial Market Infrastructure,FMI)是为各类金融活动提供基础性公共服务的系统及制度安排,是金融市场稳健高效运行的基础性保障。党的十八大以来,以习近平同志为核心的党中央高度重视金融基础设施建设与发展工作,多次作出重要指示。2024年1月,习近平总书记...
Urban computing leverages data analysis to improve urban areas’ efficiency and sustainability, tackling tasks like traffic management, crime forecasting, and air quality predictions. Current models, while efficient, often struggle with tasks beyond their initial training due to limited flexibility. Typically, new tasks require developing specialized models, which may not perform optimally with li...
The rapid advancements in single-photon detectors with picosecond timing resolution over the past decade have significantly driven the development of time-correlated single-photon counting (TCSPC) for computational imaging applications, including bioimaging and remote sensing. In this review, we utilize the CiteSpace tool to create knowledge maps and perform a bibliometric analysis of this researc...
Given the substantive influence of the digital revolution on the sharing economy, it is timely and relevant to ask why some sharing platforms (e.g. Airbnb and Uber) achieve significant success while others fail. To determine which factors encourage customers to participate in sharing goods and services on sharing platforms, and when they do so, this study conducts a meta-analysis of empirical find...
Abstract: Considering the United Nations’ 2030 Agenda for Sustainable Development, this paper explores the critical role of the energy sector in achieving the Sustainable Development Goals (SDGs). Employing a resource-based view perspective, this study investigates the enablers that facilitate SDGs implementation within global energy firms, distinguishing between renewable energy and fossil fuel ...
This article investigates supply chain recovery and resilience by examining how an automotive supply chain in Wuhan was revived after a complete shutdown. The focus is on the recovery process once the supply chain was reactivated. Using punctuated equilibrium theory (PET), the authors illustrate how such a complete shutdown triggers the reconfiguration of deep structures (i.e., durable organizatio...
The literature shows that social media enhances individual stakeholders’ ability to directly influence firm behaviors, paying less attention to how it enables different stakeholder groups to influence firms collectively. Drawing on the stakeholder multiplicity perspective in stakeholder theory, this study theorizes and empirically demonstrates that social media can empower lower-salience stakehol...
Online advertising is increasingly gaining traction on e-commerce platforms, offering advertisers an efficient and powerful means to promote their products to targeted audiences. This paper delves into the constrained bid optimization problem, a key component of online advertising that is critical for assisting advertisers in maximizing their benefits. The problem is initially formulated as a Mark...
Betting agreements, with their growing popularity in enterprises, may profoundly affect a firm's information environment. Using a sample of publicly listed firms in China from 2011 to 2021, this study explores the effect of betting agreements and stock price informativeness. We find strong evidence that betting agreements increase stock price informativeness. Two potential economic channels, n...