Why can complex knowledge be produced in some places but not in others? Regional knowledge complexity possesses a powerful explanatory and predictive capacity for regional innovation and economic development, yet the mechanisms underlying the formation of regional knowledge complexity remain...

The efficient capital markets hypothesis (EMH) posits that security prices incorporate all available information in capital markets. Nevertheless, real stock markets often exhibit speculative behavior due to information asymmetry and the limited rationality of investors. This paper employs...

This paper examines how the economic relations between China and the Central Asian countries affect the economic development of the Central Asian countries in the context of the Belt and Road economy. China has come up with the global economic strategy initiative known as '"'One Belt, One Road"...

The purpose of this article is to empirically explore (1) the impact of political ties on international joint ventures' (IJVs) R&D strategy and (2) the moderating effects of market turbulence and governmental policy turbulence on the relationship between IJV political ties and R&D investment in...

Performance evaluation for universities or research institutions has become a hot topic in recent years. However, the previous works rarely investigate the multiple departments’ performance of a university, and especially, none of them consider the non-homogeneity among the universities’...

The risk-neutral density is a fundamental concept in pricing financial derivatives, risk management, and assessing financial markets' perceptions over significant political or economic events. In this paper, we propose a new nonparametric method for estimating the risk-neutral density using...

Currently, the global market for subscription services is facing a crisis of approaching saturation, prompting increased attention to the Asia-Pacific region. Meanwhile, digital content subscription services in Japan are late in the game but are on a continuous upward trend, indicating...