Purpose: There are many kinds of methods to evaluate the performance of enterprise, but they still have some distinct shortcomings. In order to achieve a better evaluation result, we put forward a new model named FLI-GA (Fuzzy logic inference & Genetic algorithm). Approach: This model, mainly...

Purpose: In order to solve problems in the current project management system, the paper presents the asymmetric information games existing in construction projects through information economics viewpoints. Design/methodology/approach: The owner has private information about the project...

We study the continuous time portfolio selection problem over a finite horizon for an investor who maximizes the expected utility of terminal wealth and faces transaction costs. The portfolio consists of a risk-free asset, and a risky asset whose price is modeled as a geometric Brownian motion....

Employing geopolitical risk historical indices (GPR) developed by Caldara and Iacoviello (2022), this study investigates the relationship between GPR and information asymmetry, finding that GPR enlarges bid-ask spreads with increasing uncertainty about firm value. Empirical results indicate that...