Early-stage firms utilize venture debt in one-third of financing rounds despite their general lack of cash flow and collateral. In our model, we show how venture debt aligns incentives within a firm. We derive a novel theoretical channel in which runway extension through debt increases firm...

A growing body of literature has focused on the potential determinants of the green energy transition. This study is probably the first study to be conducted on a global sample of 214 countries/regions between 1960 and 2017. Empirical evidence supports a strong causal relationship between...

This work proposes a new auxetic lattice based on replacing the vertexes of traditional three-dimensional re-entrant structural with self-similar configurations. Derived by Castigliano's second theorem, a theoretical model is built to predict its elastic mechanical properties, including the...

With the great economic and social development achieved in China in the past 40 years of reform and opening-up has come the extensive flow of China’s very large rural labour force between urban and rural areas and among regions, as well as populations of left-behind children and migrant...