This dissertation focuses on a phenomenon called appraisal bias in the residential mortgage market that stemmed from information asymmetry. It is composed of two essays, one theoretical and one empirical. The theoretical essay analyzes the existence of appraisal bias in a dynamic game of...

This study investigates risk-seeking and optimal decisions of annuity providers. On the basis of a sample of U.S. life and annuity (L/A) insurers between 1997 and 2016, the results show clear performance-dependent risk attitudes. Specifically, insurers with returns below aspiration levels take...

Clarifying the impact of digital inclusive finance (DIF) on green technology innovation is of great practical significance to promote the high-quality development of the green economy in developing countries. In contrast to existing research, this paper conducts a comparative study from the...

In this paper, we study an optimal reinsurance model from the perspective of an insurer, who has a general mean-variance preference. In order to reduce ex post moral hazard, we assume that both parties in a reinsurance contract are obligated to pay more for a larger realization of loss. We...

Based on the cost efficiency of individual banks, this paper constructs an indicator to clarify Chinese regional banking system's credit allocation efficiency in accordance with the panel data of the provinces and central-government-administered cities of China. When applying this variable into...

The Internet has turned out to be an appealing place for doing business, with its unprecedented ability to bring together a large number of buyers and sellers, cover a wide scale of market and automate transaction processes, etc. However, this powerful technology of information transformation...

With the large-scale development of shale gas, oil-based drilling fluids are widely used, generating significant amounts of solid wastes from oil-based shale drilling cutting (OBSDC), which are difficult to degrade and biologically toxic. The current treatment methods do not meet the...

Triethylamine gas is one of the harmful volatile organic compounds (VOCs) for human health and the ecological environment. Therefore, in order to prevent the detrimental effects of triethylamine gas, it has greatly requirement to be accurately detected. Unfortunately, Cu 2 O has a low...

Investor sentiment affects stock market liquidity by affecting noise trading and irrational market makers. Previous studies have focused on this effect with the time-series variation in sentiment and liquidity. This paper utilizes firm-specific news sentiment (FSNS) to examine its effect on...