This paper considers a drone delivery system that delivers packages to multiple locations, using a model that captures three distinctive features of interest: first, a battery-operated drone that can fly a limited number of distance units on a fully charged battery; second, a set of demand...

We develop a dynamic model of interbank borrowing and lending activities in which banks are organized into clusters, and adjust their monetary reserve levels to meet prescribed capital requirements. Each bank has its own initial monetary reserve level and faces idiosyncratic risks characterized...

Purpose - The purpose of this study is to explore the impact of digital technology on promoting the equalization of basic regional public services based on measuring the level of digital technology and the equalization level of regional basic public services. Design/methodology/approach - Based...

The Theory of Planned Behavior (TPB) is a useful framework that helps explain people's behavior across a wide range of settings. The present study adopted the TPB to investigate factors that affect the complexity of the learning intention of workers involved with a lean manufacturing training...

Happiness is not only the main pursuit of people's lives but also an important factor that influences people's behavior. This study tested the impact of happiness on the stability of corporate top management team (TMT). We found that a higher happiness level at the corporate level leads to a...

Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section. Using Baker-Wurgler investor sentiment index, we find that a significant presence of sentiment-driven investors is important in accounting for both patterns. We...

We construct new indicators of financial regulatory intensity and find evidence that a "regulatory sine curve" generally exists: regulatory oversight increases following a recession and wanes as the economy returns to normalcy. We then build an asset pricing model, based on the idea that...