Securities regulators in China occasionally suspend their IPO market. We explore the impact of IPO market suspension on IPO pricing. We find that IPOs interrupted by market suspensions are eventually priced at a higher level. The positive impact of IPO suspension on IPO offer price is more...

More than one in five listed firms in China initiate dividend payments during the year right before their initial public offerings (IPOs). This tendency, which seems to contradict the purpose of raising capital, constitutes the pre-IPO dividend puzzle. This paper examines this puzzle using...

Mitigating the adverse effects of uncertainty in appointment systems, arising from heterogeneous patient needs and preferences, is critical to the effective use of scarce medical resources and patient satisfaction. This study addresses an online scheduling problem with multiple servers and...

We study the impact of celebrity endorsements, hiring celebrities as firm ambassadors, on stock mispricing. We find that celebrity endorsements can result in more severe stock mispricing for focal firms. Such an effect is stronger when endorsers are more popular. In addition, the occurrence of...

Existing techniques to recover phosphorus from urban sewage in the form of vivianite face difficulties in separating the crystals from the sludge. The present work proposes a new process for the efficient online recovery of phosphorus by growing vivianite crystals through fluidized bed...

Existing techniques to recover phosphorus as vivianite from urban sewage face difficulties in separating the crystals from the sludge. This study proposes a new process for the recovery of phosphorus as vivianite crystals through fluidized bed crystallization (FBC) from biofilm-enriched...