Using a novel natural experiment, we provide causal evidence on how asset prices are affected when the media draws investor attention to stale information. We find that shortly after the announcement of a high-profile financial analyst award, stocks with preexisting recommendations from analysts...

This paper examines the impacts of air pollution on criminal activities by exploiting three dimensions of variations in a rich quasi-experiment: the NOx Budget Trading Program. This program has been well documented to decrease air pollution concentrations in participating states. Employing a...

Competition is widely used to increase effort and performance. However, in many domains, performance not only depends on individual effort but also on cooperation between agents. In such cases, competition may decrease individual performance because it may weaken the cooperation between agents...

In view of the fact that many watermarking algorithms used for copyright protection have ignored the correlation and synchronization between the color channels, a new quaternion Schur (QSchur) decomposition algorithm is presented in this paper. Firstly, the watermark image is encrypted by the...

By employing a panel dataset of Chinese listed companies spanning from 2010 to 2021, our study empirically examines the correlation between corporate financialization and corporate green innovation, and explores its heterogeneities in terms of property rights structure and digitalization. Our...

Joining a technical standards alliance is becoming increasingly crucial for latecomer enterprises' innovation catch-up in today's fast-paced technological environment. This study investigates the influence of latecomers' ambidextrous innovation on technical standards alliances while highlighting...