We develop two novel approaches to solving for the Laplace transform of a time-changed stochastic process. We discard the standard assumption that the background process (X_t) is Levy. Maintaining the assumption that the business clock (T_t) and the background process are independent, we develop...

We develop two novel approaches to solving for the Laplace transform of a time-changed stochastic process. We discard the standard assumption that the background process (Xt) is Levy. Maintaining the assumption that the business clock (Tt) and the background process are independent, we develop...

By using the data of Chinese firms with the state ownership structure, we examine whether institutional investors can help reduce the required return of equity for state-owned enterprises (SOEs) and non-SOEs. We find that an increase in the shareholdings of institutions especially independent...

Grounded in the institutional theory and impressive management theory, this study establishes a link between star CEOs and environmental, social, and governance (ESG) performance. We first find that star CEOs are positively related to ESG performance and star CEOs related to the central...

Previous studies have been inconclusive as to whether national brands have greater or smaller price elasticities than private labels. This paper examines consumers' price sensitivity for private labels and national brands within different socioeconomic environments and investigates how...

Lithium-ion batteries suffer severe energy loss, significant pulse power decline, and reduced life cycle under cold weather. It is imperative to preheat the lithium-Ion batteries for electric vehicles (EVs) at low temperatures. At present, various internal alternative current (AC) heating...

Using data on Chinese firms with the unique state ownership structure of state-owned enterprises (SOEs), we examine whether institutional investors can help reduce the required returns on equity for SOEs or non-SOEs, and if so, the underlying channels. We find that an increase in the...

In this paper, we study a novel network design problem for the fourth-party logistics network (4PLN) to cope with accidental demand surges. A chance-constrained stochastic programming model is established to minimize the overall cost for 4PLN under service-level targets, where the stochastic...

We develop and estimate a dynamic model to study the impact of student debt on education, career, and marriage market choices of young female lawyers. Our model accounts for several important institutional features of the labor market for lawyers, including differences in the work hours across...