This paper studies inference for the realized Laplace transform (RLT) of volatility in a fixed‐span setting using bootstrap methods. Specifically, since standard wild bootstrap procedures deliver inconsistent inference, we propose a local Gaussian (LG) bootstrap, establish its first‐order...

Based on the data of Chinese listed family firms from 2008 to 2016, we investigate the impact of family involvement on firm innovation and the moderating effect of family member composition. The results show that increased family involvement significantly reduces R&D investment intensity and the...

Purpose - Sustainable development research assumes that startups, under extreme financial constraints, cannot sacrifice resources now for benefits later without risking their survival. Furthermore, their non-compliance with environmental regulations adds fuel to the fire. This paper aims to...

Our paper examines the financial preparedness of near-retirement individuals across five countries: the United States, Japan, and the Republic of Korea (developed economies) and the People's Republic of China and India (developing economies). It focuses on four channels of retirement support:...

Using two data sets (a Prudential Financial Wellness Survey and the Health and Retirement Study), this study demonstrates that although there is generally a natural upward trend for older (age 50+) Americans to progressively delay their expected retirement age, this trend has no statistically...

We construct a framework for the interaction between economic system reform and the technological-economic system in order to analyze the dynamic process of China's economic transformation and development. China has passed through three major phases of economic system reform, which have involved...

Using an aggregate credit spread index, we find that it has substantial predictive power for corporate bond returns over short and long horizons. The return predictability is economically and statistically significant and robust to various controls. The credit spread index and its components...

Trees play an important part in landscaping as well as thermal environment adjustment. This study selected a satellite city of Sichuan Province in China, Xindu, for field measurement about tree’s crown characteristics on their cooling performances on five sunny summer days during August 2019....

Power cable engineering is a critical method for urban power supply, and ductbank laying of cables is a way of underground cable lines. Considering the cost and construction, MPP pipes with poor heat dissipation performance are often used in ductbank. Many cables are arranged densely in the...