In this article, inspired by Shi et al., we investigate the optimal portfolio selection with one risk-free asset and one risky asset in a multiple period setting under the cumulative prospect theory (CPT) risk criterion. Compared with their study, our novelty is that we consider a stochastic...

The paper investigates the effect of monetary policy uncertainty on stock market volatility. Higher monetary uncertainty leads to lower stock market volatility both in sample and out of sample. Monetary policy uncertainty matters more for the volatility of big firms, profitable firms and past...

This paper considers a supply chain consisting of a manufacturer constrained by capital and a retailer with abundant capital and discusses the manufacturer’s and the retailer’s optimization decisions in bank financing, zero-interest early payment financing and in-house factoring financing...

The paper investigates the effect of monetary policy uncertainty on stock return volatility. Contrary to the widely accepted wisdom that higher uncertainty leads to higher volatility, we find that monetary policy uncertainty negatively predicts stock return volatility both in and out of sample...

Purpose: This paper mainly focuses on the application of adversarial risk analysis (ARA) in the pricing strategy with remanufacturing. We hope to obtain more realistic results than classical model. In fact, the classical Stackelberg model believes that since OEMs are the monopoly position, they...

This article focuses on the relationship between Fintech and bank risk-taking behavior. Since Robo-Advisor is one of the mature applications of Fintech, we found that the development of Fintech will have a greater impact on small and medium-sized banks through the establishment of a Robo-Advisor...