The previous research of capabilities development has largely focused on the established capabilities, i.e., quality, delivery, cost and flexibility, although there are a wide variety of possible dimensions. Few studies report the accumulation effect about adding new capabilities on an...

Involving customers to co-create value is an important strategy for businesses competing to satisfy personalized demands and to gain competitive advantages. However, the research in the area is still in an early stage. In a search for this new competitive strategy, the literature on value...

Asymmetric effects and regulatory focus are two fundamental rules behind an individual’s judgment and motivation. While recent research on loss aversion presents inconsistent evidence, the literature on satisfaction studies provides little insight into the influence of regulatory systems on...

The drawdown in the price of an asset shows how much the price falls relative to its historical maximum. This paper considers the pricing problem of American style drawdown call options, which allow the holder to optimally choose the time to receive a call payoff written on the drawdown. Our...

Green product design is an effective instrument for achieving a circular economy. Topromote green product development, downstream retailers often enter into contracts with upstreammanufacturers and market green products. This study considers a decentralized green product supply chain comprising...

This paper uses two large panel data sets in China to study the effects of a health shock on household income mobility from 1991 to 2016. We compare outcomes of households with a member who receives a health shock with comparable households that do not receive any health shocks. To do so, we...

Current Economic Policy Uncertainty (EPU) indicators are highly correlated with macroeconomic growth. To better reveal the EPU perceived by each firm, a firm-level EPU index is constructed using a text mining method. Using data of Chinese A-share listed companies from 2011 to 2020, this study...

The Omega performance measure introduced by Keating and Shadwick (2002a, 2002b) is widely used in asset allocation and performance measurement. We contribute to the debates around this measure by focusing on its relation and compatibility with Second-order Stochastic Dominance, introducing two...

Energy efficiency improvement is key to achieving energy conservation. Based on China's microdata from 2000 to 2010, this study systematically analyzes the impact of carbon reduction policies on energy efficiency through propensity score matching and the difference-in-differences method. The...