We develop a mediation model in which the number of partners in a joint venture affects venture performance through contract completeness and partner cooperation. In a sample of 224 international joint ventures, we find that the number of partners is negatively related to venture contract...

We propose a new forward-backward stochastic differential equation solver for highdimensional derivative pricing problems by combining deep learning solver with least square regression technique widely used in the least square Monte Carlo method for the valuation of American options. Our...

This study examines the impacts of mandatory adoption of International Financial Reporting Standards (IFRS) and corporate governance on accounting accruals in the UK and Germany. There has been a long debate on whether mandating a single set of high quality accounting standards, i.e. IFRS, leads...

Climate change and the recent rapid expansion of residential areas into rural areas after the outbreak of COVID-19 expose more communities to the wildfire risk. This research adopts a unique database containing house transaction data from near the boundary of the Bushfire Prone Area (BPA), which...

Many countries have adopted lockdown measures to combat the coronavirus (COVID-19) pandemic. The lockdowns in the state of Victoria (VIC), Australia, however, are unique in that the government divides VIC into two distinct areas using Ring of Steel boundary, and consistently places more...

Premium public educational resources are scarce, and their accessibility is usually associated with the ownership and location of residential property in many countries such as China. With the aims of improving equality in allocating educational resources and suppressing the rapid growth of...