We show that firms collect more than 70% of their cash flow in the second half of the fiscal year, and firms that collect more cash by year-end earn a 6% higher per annum risk premium and save more cash. We rationalize these facts in a quantitative investment-based asset pricing model. Immediate...

Based on a platform supply chain network (PSCN), we examine optimal service level, quality and abatement decisions to be made by supply chain members under various conditions. The network consists of suppliers, two types of manufacturers, a platform, a carbon trading center, and demand markets....

In coal-combustion energy production, presence of water vapor in the flue gas causes catalyst deactivation and leads to the release of large quantities of volatile organic compounds (VOCs). In this study, design of a low-temperature, hydrophobic catalyst for flue gas purification was achieved by...

An on-demand delivery of chemotactic and osteogenic biomolecules to induce the recruitment and osteogenic differentiation of endogenous stem cells for in situ bone regeneration is appealing but challenging. To meet the changing demands at different periods of bone regeneration, a programmed...

In patent infringement cases, there is often a need to rely upon patent license agreements and patent sale agreements to determine the royalty that the alleged infringer should pay for using the patent-in-suit. When the payment in the license or sale agreement reflects compensation for more than...

This paper investigates how export destination concentration affects exporters' domestic capital investments. Using a large sample of Chinese export firms, we find strong evidence that firms invest less when destinations are more concentrated. The causal relationship is further confirmed by a...

The investment-cash flow sensitivity (ICFS) of Chinese firms declined during the global financial crisis, which contradicts the conventional financial constraint interpretation of ICFS. We analyze this phenomenon by examining how cash flow uncertainty affects the ways of financing investment. We...

In this study, a metal–organic framework (MOF)-supported Co-doped hollow carbon nitride (ZCCN) catalyst was constructed by etching zeolitic imidazolate framework-67 (ZIF-67). Excellent visible light capture and electron transfer performance of the catalyst were revealed, and 99% tetracycline...