This study examines the roles of internal and external search characteristics and attitudinal factors in investors’ decisions to utilize robo-advisor-based platforms. Using the 2015 state-by-state National Financial Capability Study and Investor Survey, this study finds that the need to free...

We develop a tractable growth model to study the dynamic macroeconomic effects of multinational production (MP) across countries. In this model, MP is the vehicle of international idea diffusion: when firms produce in a foreign country, they contribute to the local stock of knowledge. We...

Firms have substantial freedom of choice about whether to disclose essential financial statement line items (e.g., total assets) for their business segments. Counting the number of line items that a firm discloses for its segments presents both a simple measure and a new angle for capturing the...

This report explores the current landscape of Fintech development in the Hong Kong banking industry and how banks view the future of Fintech development in the next 10 years. It highlights the results of an industry-wide survey commissioned by the Hong Kong Institute for Monetary and Financial...

We incorporate the spatial dimension into a standard expanding variety growth model based on R&D. The spatial interaction is introduced through spatial production spillovers, knowledge diffusion across space, and the capability for spatial heterogeneity. Forward-looking agents who operate in a...

Massage therapy is widely licensed by the states. However, municipalities also often passed massage therapist licensing, motivated by preventing prostitution. Using a novel dataset on municipal licensing and crime data from the FBI, we test if local massage therapist licensing reduced...

Does knowledge from dirty technologies spill over to clean technologies? This question has implications for the ease of switching from dirty to clean R&D. We measure knowledge spillovers using the proportion of citations in clean patents that directly refer to dirty technologies and the degrees...

The choice of this work arises from the interest in the topics of entrepreneurship and technology transfer toward launching more innovative products/services. It focuses on delivering a technology, QR code, which brings more innovation to a product especially with the current growth of mobile...

The convergence of emerging technologies and commitments of manufacturing enterprises has formed a trend in reshaping the global manufacturing landscape. Hence, electrical and electronic (E&E) manufacturers should not be expected to ‘face it alone’ in the current manufacturing environment....