This study uses text mining technology to construct an index of digital transformation and discusses the impact of digital transformation on enterprise innovation and its mechanisms from theoretical and empirical perspectives. It also analyzes whether digital transformation can significantly...

The nature of water resources can be divided into four categories: water for life, water for agriculture, water for industry, and water for ecology. On this basis, the regional right allocation model for water resources is built, and to make the model more operable, we calculate the weight of...

We apply the potential game approach to analyze the problem of two-sided platform entry competition. According to the equilibrium results, the platform with the bigger “value” will capture the entire market, and the incumbent has the “incumbent value advantage” over the entrant. When the...

In this paper, we analyze whether the voluntary purchase of audit reviews lowers firms' cost of debt. An audit review is a tool through which boards assess interim financial reports' quality on a timely basis throughout the year. The voluntary purchase of an audit review is therefore likely to...

Within a sample of firms undergoing financial distress, where the incentive to send false positive signals is high, we show that insider trading serves as a credible information channel about potential recovery for outside investors. We employ credit rating downgrades as confirmation of the...

Firms placed on negative credit watch face the threat of a credit rating downgrade. At the same time, they are given the opportunity to put recovery efforts in place to retain their current credit rating. In this paper, we test to what extent firms use earnings management as a short-term...

We propose a novel method of measuring the comparability of reported accounting numbers from the perspective of creditors. We demonstrate the validity of the measure and show that new bond issues of firms with superior comparability have better credit ratings and reduced bond yields, ceteris...

The rank list model is a general non-parametric choice model that provides an intuitive and flexible framework to capture rational consumers' preferences. The rank list model assumes that each customer has a fixed and consistent preference ranking over all products and chooses the product that...

In this work, [P(W 3 O 10 ) 4 ]-g-C 3 N 4 composite catalyst is prepared from phosphotungstic acid and thin-layer carbon nitride at high temperature, which can efficiently remove Rhodamine B (RhB) organic wastewater by photocatalysis. The results of UV-vis, TPC, PL and EIS tests show that the...