The outbreak of the COVID-19 pandemic caused numerous lockdowns in cities around the world. While lockdowns can generally be effective at reducing the spread of COVID-19, they also have substantial psychosocial impacts, such as causing distress and anxiety among residents. However, our knowledge...

We examine the effects of dealers’ inventories on the pricing and liquidity of OTC derivatives markets. Using position and pricing data on credit default swap (CDS) indices, we document that the change in index CDS spreads is negatively associated with the change in dealers’ net long...

This paper investigates whether venture-backed investments in clean technologies support carbon neutrality. Using Pitchbook’s data on more than 65,000 venture capital investments in 110 countries from 2011 to 2022, we document that venture-backed investments in clean technologies increase both...

This paper develops a systemic risk index for China (SRIC) using textual information from 26 leading newspapers in China. Our index measures the systematic risk from 21 topics relating to China’s economy and provides narratives of the sources of systemic risk. We examine the predictability of...

Purpose Currently, rehabilitation medical care is expensive, requires a large number of rehabilitation therapist and which can only limit in the fixed location. In addition, there is a lack of research on the structure optimization and theoretical analysis of soft actuators for hand...