This study examines the exogenous institutional impact of minimum wage policy on enterprise financialization in China. Empirical results show that an increased minimum wage significantly promotes the financialization of real enterprises. Moreover, the impact is more pronounced in enterprises...

Purpose - In the presence of coronavirus disease 2019 (COVID-19), due to the social distance restriction, consumers' regular consumption behaviors and patterns have been changing fundamentally. Thereafter, an innovative group buying model has emerged and developed explosively with a specific...

We examine whether supply shocks in the audit partner labor market induce clients to switch audit partners. We argue that audit partners in their early careers (i.e., junior partners) charge low audit fees to attract clients, which induces client firms to switch from senior partners to junior...

The Gulf Economic Update (GEU) is the product of the Economic Policy unit for Middle East and North Africa at the World Bank Group. It provides an update on key economic developments and policies in the Gulf Cooperation Council (GCC) countries over the past six months, places them in a...

Web APIs provide enterprises with a new way of driving innovations of new technology with limited resources. API recommendations greatly alleviate the selection burdens of enterprises in identifying potential useful APIs to meet their business demands. However, these approaches disregard the...

One of the best ways to optimally consuming fossil fuel thermal energy is to utilize combined cooling, heating, and power (CCHP) systems. In such systems, by recycling heat wasted from hot gases simultaneously generating power, heat, and refrigeration from combustion, as well as water and...

Recently, the application of the proton exchange membrane fuel cells (PEMFCs) is extensively increasing as a popular renewable energy source. PEMFCs need low temperature for the operation along with high power density and easy implementation ability. These characteristics turned them into the...

Model-identification and parameter extraction of the proton exchange membrane fuel cell (PEMFC) is a well-defined procedure for improving the PEMFC efficiency for designing and control purposes. This paper presents a new version of the improved fluid search optimization algorithm for optimal...

In this paper, a multi-objective optimization method has been established on a hybrid PV, wind, fuel cell, and battery system. The optimization is based on three models including energy supply reliability, electricity efficiency, and capital cost of the hybrid system. A new model of the Elephant...