Green economic recovery in the post-corona era has been proposed as an effective discourse in the field of solving environmental and ecological threats. In this paper, the effect of trade in green energy utilities and green economic growth in Central and Eastern European countries from 2010 to...

China’s traditional culture makes rural women and men take on different family responsibilities. We use the 2014 ‘China Family Panel Studies’ (CFPS) data to empirically study the impact of children care and elderly care on rural married women going out to work, and explore the welfare...

The shape of the term structure of credit default swap (CDS) spreads displays large variations over time and across firms. Consistent with the predictions of structural models of credit risk, we find that the slope of CDS spread term structure increases with firm leverage and volatility, but...

Capital Market Theory assumes that the ex ante market portfolio (which is cap-weighted) lies on the (ex ante) efficient frontier. However, we show that ex ante cap-weighted portfolios will always be interior portfolios relative to the end-of-investment-period ex post efficient frontier. This is...

This study investigates and compares the effects of frontline ambidexterity and their components implemented by AI chatbots on hedonic and cognitive smart experience co-creation. The findings first indicate that unlike human frontline employees, chatbots’ frontline ambidexterity is not an...

This paper documents that investors differentiate mutual funds’ stock selection and market timing abilities. Moreover, market volatility has an opposite impact on investors’ responses to the two kinds of abilities. With an increase in market volatility, there are more inflows to funds with...

We offer a new social approach to investment decision making and asset prices. Investors discuss their strategies and convert others to their strategies with a probability that increases in investment returns. The conversion rate is shown to be convex in realized returns. Unconditionally, active...