The equity premium puzzle is found during the test of the Consumption-based Capital Asset Pricing Model (CCAPM) with aggregate consumption data. Because of income disparity, many consumers lack financial assets to intertemporally allocate their consumptions under income constraints. Thus, it is...

This paper introduces two key factors affecting business model innovation, including big data capability and user experience. The research results show that: organizational legitimacy, big data capability ,and user experience all contribute to business model innovation; organizational legitimacy...