For a long time, the traditional pattern of urban-rural human settlements has been shaped in reference to the existence of the urban-rural dual structure. In this paper, we put forward the notion of triaxiality of human settlements, and used the standards conversion entropy weight method to...

OpenStreetMap is a geographic information platform designed to provide real-time updates and user-generated content related to its freely available global map, and it is one of the most widely used examples of volunteered geographic information, a technique associated with so-called...

OpenStreetMap is a geographic information platform designed to provide real-time updates and user-generated content related to its freely available global map, and it is one of the most widely used examples of volunteered geographic information, a technique associated with so-called...

We build a dynamic capital structure model to study the link between firms' systematic risk exposures and their time-varying debt maturity choices, as well as its implications for the term structure of credit spreads. Compared to short-term debt, long-term debt helps reduce rollover risks, but...

In this paper, we intend to explain an empirical finding that distressed stocks delivered anomalously low returns (Campbell et. al. (2008)). We show that in a model where investors have heterogeneous preferences, the expected return of risky assets depends on idiosyncratic coskewness betas,...

We study optimal effort and compensation in a continuous-time model with three-sided moral hazard and cost synergies. One agent exerts initial effort to start the project; the other two agents exert ongoing effort to manage it. The project generates cash flow at a fixed rate over its lifespan;...

In this paper, we show that in a model where investors have heterogeneous preferences, the expected return of risky assets depends on the idiosyncratic coskewness beta, which measures the co-movement of the individual stock variance and the market return. We find that there is a negative...

This paper examines the impact of product market competition and corporate governance on the cost of debt financing and the use of bond covenants. We find that more antitakeover provisions are associated with a lower cost of debt only in competitive industries. Because they are exposed to higher...

The overall goal of this paper is to analyse the political economy of food price policies in China during the global food crisis. The results show that given China's unique economic and political context and the nature of its agricultural markets, the government's reaction to the crisis was...