Since the emergence of information technology, the integrated circuit industry has been a major contributor to sustained economic expansion. This paper proposes a theoretical model premised on the pertinent theories of technological progress in late-mover countries and concludes that it is...

This paper comprehensively examines the risk-return relation of cryptocurrency carry trade using realistic borrowing and lending interest rates. We find significant violations of the uncovered interest rate parity in the cryptocurrency market. The cross-sectional carry trade strategy yields an...

This paper comprehensively examines the risk-return relation of cryptocurrency carry trade using realistic borrowing and lending interest rates. We find significant violations of the uncovered interest rate parity in the cryptocurrency market. The cross-sectional carry trade strategy yields an...

Small businesses and the restaurant industry have been among the most severely impacted by the global pandemic and government-mandated restrictions. In this paper, we explore the impact of online food delivery platforms (e.g., via DoorDash, UberEats, Grubhub, Postmates) in mitigating revenue...

Selecting skilled mutual funds through the multiple testing framework has received increasing attention from finance researchers and statisticians. The intercept $\alpha$ of Carhart four-factor model is commonly used to measure the true performance of mutual funds, and positive $\alpha$'s are...

Reverse osmosis membranes have been producing high quality reclaimed water for portable and industrial use, but face inevitable fouling problems. In the constant flux RO membrane operation, fouling is manifested as increase in operational pressure. However, the pressure-time curves have no...