In recent years, economic research has increasingly focused on the increase in local government debt, attracting the attention of government regulators. Using data from 2006 to 2022, this study empirically examines how local government debt affects financing activities. The results reveal local...

Purpose This paper examines whether there are differences in the nature of the price discovery process across established versus emerging stock markets using a twenty-country sample. Design/methodology/approach The authors analyse security returns for traces of predictability or non-randomness...

By decomposing and analyzing the quadruple helix model and N-tuple helices into interacting triple helices, Leydesdorff and Lawton Smith’s (2022) research promises to open further the black box inside the higher-order helices, and provides a theoretical basis and guidance for the subsequent...

In 2013, China launched its ‘Belt and Road Initiative’ (BRI) as a major effort to enhance international trade and economic development. An important feature of the BRI is that it supports free trade regimes and a world economy based upon open regional cooperation. The concept of BRI involves...

Purpose This paper examines the impact of corporate digital transformation on employee satisfaction. Therefore, this study extends our understanding of the economic consequences of corporate digital transformation from employees' perspectives. Design/methodology/approach The data used to...

In this paper, we study cooperation and coordination in a threshold public goods game with asymmetric players where players have different endowments 𝑒𝑖, productivities 𝑝𝑖, and rewards 𝑟𝑖. In general, this game has a defective Nash equilibrium (NE), in which no one contributes,...