The potential market demand has a major impact on the probability of Initial Coin Offerings (ICOs) success of Blockchain-based platforms. However, the exact market demand is difficult to estimate because the goods or services provided by the Blockchain-based platforms are generally hard to...

In typical robust portfolio selection problems, one mainly finds portfolios with the worst-case return under a given uncertainty set, in which asset returns can be realized. A too large uncertainty set will lead to a too conservative robust portfolio. However, if the given uncertainty set is not...

This study examines the relationship between litigation risk and stock price crash risk. Using a sample of Chinese A-share listed firms and a comprehensive range of lawsuits filed against their firms covering 2000 to 2020, we find that litigation risk is positively related to stock price crash...