Using a large panel dataset that covers 116 countries and 5013 products over the period 1998–2010, this study evaluates the effects of export experience on the geographic expansion of China's exports. The results suggest that past export experience in geographically close and culturally...

Extreme values are often correlated over time, for example, in a financial time series, and these values carry various risks. Max-stable processes such as maxima of moving maxima (M3) processes have been recently considered in the literature to describe timedependent dynamics, which have been...

Extreme values are often correlated over time, for example, in a financial time series, and these values carry various risks. Max-stable processes such as maxima of moving maxima (M3) processes have been recently considered in the literature to describe timedependent dynamics, which have been...

Analogous to first stochastic dominance option bounds, second stochastic dominance option bounds give the range of possible option values baring second order arbitrage opportunities. Using linear programming, Constantinides et al. (Review of Financial Studies, 2008) show that violations of these...

Family firms face the dual challenge of succession and innovation. Based on the attention-based view, this study empirically investigates the effect of intergenerational power gap on corporate R&D investment, using a sample of Chinese listed family firms. We find that intergenerational power gap...

Demand response program is being implemented in the National Electricity Market of Singapore, which boosts the flexibility of demand side to actively participate in the real-time electricity market. Meanwhile, it is also significant to implement such a program in the day-ahead market, since load...