A large number of financial assets are traded in both exchanges and over-the-counter markets (i.e., centralized and decentralized markets, CM and DM hereafter, respectively). Moreover, as documented by Biais and Green (2019), the 20th century has witnessed a secular migration of asset trade from...

We develop a macroeconomic model with adverse selection. A continuum of households purchase goods from a continuum of anonymous producers. The quality of products can only be learned after trade. Adverse selection arises as low-quality goods deliver higher profits for producers but are less...

This paper describes research undertaken at the Nottingham Trent University which investigated body movements and their relationship to garment design. The study identifies the difference between ergonomic measuring positions and the natural postures used by real figures in real activities. A...

Purpose Emotion plays a significant role in both institutional and individual investors’ decision-making process. Emotions affect the perception of risk and the assessment of monetary value. However, there is a lack of empirical evidence available that addresses how investors’ emotions...

Carbon emissions, per capita carbon emissions, and carbon emissions per unit GDP are traditionally used as indicators of the real carbon emission of a region. However, input variables such as capital and labor and influential factors such as the industrial structure and regional differences are...

Purpose: This study aims to investigate the impact of family ownership on cooperative research and development (R&D). Drawing on the ability and willingness paradox framework in family business research, the authors suggest that family ownership influences cooperative R&D via two opposing...