The COVID-19 pandemic has induced an exogenous shock to the face-to-face (FTF) economy and the use of commercial real estate (CRE). By linking tenants, properties, and CRE firms, we construct three novel FTF measures that capture tenant remote working, internal communication between coworkers,...

When liquidity providers for one asset obtain information from other asset prices, this may magnify the (upward or downward) comovement of asset liquidity. It also may yield an illiquidity multiplier. We empirically test the magnitude of this illiquidity multiplier for a sample of U.S. equity...

Overseas industrial parks (OIPs) offer platforms to host countries for foreign and domestic company agglomeration in key industries to promote economic development. This study examined 126 Chinese OIPs in “Belt and Road Initiative” (BRI) countries to study the productive effects in the host...

Research and development (R & D) competition is standard, and it heavily affects patent values. This study captures R&D competition's effects on patent values using game-theory approaches. Cost-reduction patent values increase with technology level and decrease with the competition. Technology...

The aim of the project was to reduce energy consumption and CO2-emissions of the steel industry by reusing waste low temperature heat (LTH) with T350°C from the typical production processes. Main LTH streams identified were cooling water, flue gas and radiation from hot products. Superheated...

The initial structure of real estate investment trusts (REITs) was predicated on real estate as a long-hold asset that would benefit from an ownership structure that fosters property portfolios held and managed for the long term. Using a sample of publicly traded U.S. REITs from 1995 to 2018, we...

Henan Province is a major birthplace of the Chinese nation and civilization; it has rich tourism resources, including many internationally famous cultural relics and historical sites. To ensure the sustainable development of humanistic tourism in Henan Province, it is essential to study the...