Purpose: Attention resource is scarce. Organizing community activities in online forums faces the challenge of attracting users' limited attention. Understanding how users of online forums allocate, maintain, and change their attentional focus and what features of online forms influence their...

During the 2015 stock market crisis, the Chinese government used hundreds of billions of dollars to purchase shares directly in the secondary market. We find that, compared with un-rescued firms, rescued firms have significantly lower liquidity after the rescue. Policy uncertainty about...