Large investors often advertise private information at private talks or in the media. To analyse the incentives for information disclosure, I develop a two-period Kyle (1985) type model in which an informed short-horizon investor strategically discloses private information to enhance price...

Policymakers and managers have increasingly adopted green bonds as a direct fnancing tool to address environmental degradation and climate change in emerging economies; however, the increasing green washing sentiments in the green bond market raise questions on whether green bonds can nudge...

Online product ratings offer information on product quality. Scholars have recently proposed the potential of designing multi-dimensional rating systems to better convey information on multiple dimensions of products. This study investigates whether and how multi-dimensional rating systems...

We contribute to the growing literature on moral hazard by offering empirical evidence of the effectiveness of insurance pricing incentives at improving road safety by comparing the claim frequency following a regulatory reform introduced in a pilot city in China with the experience of another...

We model a two-tiered market structure in which an investor can trade an asset on a trading platform with a set of dealers who in turn have access to an interdealer market. The investor's order is informative about the asset's payoff and dealers who were contacted by the investor use this...

China has a very suitable environment for the development of the express industry. The growth rate of online stores in the world has exceeded the GDP growth of China and other countries. In the past five years, the express service market of China had expanded rapidly, reaching an annual growth...