Self-assembled fungus-flexible fiber composite microspheres (SFFMs) were firstly combined with microbially induced calcium precipitation (MICP) in a continuous-flow bioreactor and achieved the efficient removal of fluoride (F−), nitrate (NO3−), and calcium (Ca2+), with the average removal...

The interactive effect is significant in the Chinese stock market, exacerbating the abnormal market volatilities and risk contagion. Based on daily stock returns in the Shanghai Stock Exchange (SSE) A-shares, this paper divides the period between 2005 and 2018 into eight bull and bear market...

High sensitivity plays a crucial role in the development of wearable electronic devices. For fiber-based wearable sensors, the sensitivity mainly depends on the conductive properties and surface structure of the fibers. Researchers have made great progress in exploring novel structures and...

Previous studies on ozone pollution primarily focus on the characterization of ozone on a large regional scale, yet much less attention has been paid towards the contrast between urban and surrounding suburban-rural areas. As anthropogenic emissions are projected to decrease in the coming...

Our paper investigates the stock non-participation puzzle through the lens of investors’ probabilistic pessimism. We depart from the conventional expected utility framework and adopt a one-period portfolio choice model under anticipated utility. We introduce a novel decision weighting...

Mutual fund managers' compensation packages often contain relative performance-dependent components such as year-end bonus. We examine the incentive effect of such compensation structure using a dynamic trading model with uncertain expected return and costly information. We show that relative...

This paper investigates the trading behavior of ambiguity-loving investors and the corresponding impacts on asset price. The ambiguity-loving attitude increases investors' willingness to participate in the risky asset market. Their rising participation gradually crowds out ambiguity-averse and...

This study extends the multi-asset model of Huang et al. (2017), who examine only two types of investors, by adding a new investor type with partial information on the correlation coefficient and re-explores the limited participation phenomenon under correlation ambiguity. We investigate whether...

We examine the roles of bank ownership and CEO political faction membership in facilitating or hindering the implementation of central bank policy in China. Specifically, we examine the response of China’s commercial banks to People’s Bank of China (PBC) guidelines intended to decrease...

This paper addresses whether institutionalization could improve market efficiency by differentiating the sector size effect and the market concentration effect and studies their respective impacts on investors' market participation and asset pricing. We develop a theoretical model under...