In an economy in which asset management firms compete both for money to manage and for managers to manage it, I show that a manager's compensation scheme is endogenously benchmarked against the market return when the expected market return is high whereas it is benchmarked against the...

This paper builds a model of a regulation game, in which the active regulator moves first and designs the regulation requirement with the consideration of the network formed by banks and the associated systemic risk. Banks form the network strategically and diversify their portfolios within the...

Although many central banks in the 21st century have become more transparent, Chinese monetary policy communications have been relatively opaque, making it more difficult for financial market participants to make decisions that depend on the future path of interest rates. We conduct a novel...

Prior studies of social-norms interventions have focused on nudging behavior in non-competitive settings. This research evaluates such interventions in competitive environments, e.g., a class with a competitive grading policy. Field experiments on a learning management system show that providing...

By integrating the fundamental principles of the theory of purposeful work behavior with cognitive-affective personality system (CAPS) theory, we examine how and when salespeople’s job-relevant personality traits relate to their performance. We argue that individuals with personality traits...

The modulation of metal-support interaction (MSI) is of particular interest in improving the catalytic performance of metal nanocatalysts. Herein, we adopt an alloying strategy to tune the MSI in graphene-supported Ni catalyst by introducing Cu. The NiCu/graphene cocatalysts (denoted as NxCyG)...

The structural plane of rock masses plays an important role in the long-term stability of deep hard rock engineering. To investigate the time-dependent failure characteristics of jointed rock masses and reveal the formation mechanism of time-dependent disaster induced by joint, a series of...

The interface photodynamic heat transformation technology is one of the most promising solar energy application technologies. Despite the vigorous development of high-efficiency interface conversion materials, hindrances such as low conversion rate and poor stability are still encountered....