Using textual analysis and nonparametric estimation approach, we construct a measure of managerial optimism and examine its role in firm’s operation and financial performance. We find that managerial optimism positively impacts the stock return in next year through internal operational...

A highway network plays an important role in sustaining business operations in a regional economy. However, in the event of catastrophic earthquakes, a highway network is very vulnerable to suffering physical damage as a result of the violent ground shaking. The failure of the highway network...

Quantifying potential renewable energy sources from tourist attractions is a pivotal initial step in developing energy policies and strategies for low-carbon tourist industry development. Although solar energy and wind power have been in use for providing power for tourist attractions, the value...