Using transaction-level credit card spending from a leading Chinese commercial bank, we show that consumers prefer firms with higher Environmental, Social and Governance (ESG) profiles. Specifically, we show that consumers increase their consumption by 4.9 percentage points as the ESG rating...

Most existing text-based sentiment measures in finance are lexicon-based which are effectively based on word counts of positive and negative sentiment dictionaries, and naturally lose most information. We measure news sentiment using BERT, a state-of-the-art large language model, which reads and...

Results from a large sample of individual Chinese investors demonstrate that they were more likely to trade stocks for short-term speculation after experiencing trauma such as natural disasters, serious illness, or death in their immediate family. They exhibited higher impulsivity, a greater...

In this paper, we examine the trade-offs firms make in their voluntary disclosure decisions following negative media coverage of climate change incidents. We combine a keyword discovery algorithm and a fine-tuned BERT model to identify “hard” and “soft” climate disclosures on Twitter. We...

The advancement of the study of time poverty in the field of organizational behavior has been stymied by the lack of a validated time poverty measure. We proposed a new way of seeing freely disposable time by introducing the concept of perceived time poverty, distinguish it from related...

The first purpose of this paper is to assess the short-run forecasting capabilities of two competing financial duration models. The forecast performance of the Autoregressive Conditional Multinomial-Autoregressive Conditional Duration (ACM-ACD) model is better than the Asymmetric Autoregressive...

Production of jet fuel with high performance is attractive in the field of biomass utilization. This paper provides a way to controllably produce renewable jet fuel with high-density and low-freezing point by the condensation of biomass-derived cyclopentanone and followed hydrodeoxygenation. It...

As a common filler in polymer electrolytes , Metal-organic frameworks (MOFs) has been studied extensively in recent years. In this study, we propose a novel solid composite electrolytes (SCEs) based on PEO/LiTFSI/a-MIL-100 (Fe)/PVDF by using a straightforward solution-casting method. Unactivated...

Isothermal compression experiments were performed on the EA4T alloy at different strain rates (0.01s-1,0.1s-1,0.5s-1, and 1s-1) and different temperatures (950,1000,1050, and 1100℃). Based on the true stress-strain curves, the strain-related Arrhenius constitutive model and Hensel-Spittel...