Traditional handicraft apparel espouses ecological ethos and symbolises the harmonious coexistence between humans and nature. Owing to its distinct attribute of being handmade, it forms a characteristic branch of slow fashion and denotes a sustainable trend in the field of fashion design....

The Belt and Road Initiative (BRI) is an important strategy for China. This study examines the effect of political involvement on firms' outward foreign direct investment (OFDI) in belt-road countries after the BRI. Using merged Chinese nonfinancial listed firm data, the fDi Markets database,...

One challenge in environmental liability law is to apportion the liability appropriately among multiple parties, when these multiple parties generate a single and non-separable damage. This paper provides a method of designing efficient apportionment rule in the presence of product market...

This study examines the impact of husbands' wages on their wives' labor force participation rates and hours worked in urban China from 1995 to 2018. We find that an increase in husbands' wages reduces the labor force participation rate of married women with similar education levels. Controlling...

In this paper, we present a simple stock market model (the market game) which incorporates, as ab initio dynamics delayed majority dynamics, according to which agents (with heterogeneous strategies and price expectations) are rewarded if their actions at time t are the actions of the majority of...

Among growing concerns about potential financial stability risks posed by the asset management industry, herding has been considered as an important risk amplification channel. In this paper, we examine the extent to which institutional investors herd in their trading of U.S. corporate bonds and...

This study examines the impact of husbands' wages on their wives' labor force participation rates and hours worked in urban China from 1995 to 2018. We find that an increase in husbands' wages reduces the labor force participation rate of married women with similar education levels. Controlling...

Recently, energy efficiency and the sharing economy have become significant factors for sustainable economic development (SED), which require the attention of researchers and policymakers. Thus, the present research investigates the impact of energy efficiency and the sharing economy on SED in...

Post-crisis regulations apply stricter liquidity rules to both money market funds (MMFs) and banks, requiring MMFs to do more overnight lending and banks to borrow longer-term. MMFs and banks resolve this dilemma by developing a "bundling" strategy across overnight and longer-term markets. In...