As a new strategy to combat global climate change and achieve sustainable development, a marine low-carbon economy has gradually gained attention in recent years. A variety of reasons are fueling the creation of a marine low-carbon economy. The digital economy (DE) has demonstrated a significant...

We document a gender-based attention effect in the sensitivity of mutual fund flows to fund performance using individual-level fund data from a fintech platform in China. Investors increase (decrease) flows to funds following positive and strong (negative and weak) prior- month performance....

We document a significant, up to 10-fold increase in the intra-day correlation of firm-specific and market returns over the last decade. This surge in the intra-day correlation of returns coincided with the advent of electronic, automated trading in U.S. markets. Using changes to the S&P500...

I create proxies for managers' cultural fit using one of the latest machine learning technologies – the sentence embedding model - by analysing 11.5 million speeches in earnings calls. A better cultural fit is significantly and positively correlated with managerial tenure. I demonstrate that...

The paper tries to establish for a large European car dealership whether target ratcheting and target achievements are associated with the type of contract offered to the franchisee in the dealership. We find that the franchisor sets different targets within a common stair-step incentive scheme...

Many firms operate multiple units that produce and sell similar products and services using similar marketing and operating practices. Although local managers may be exposed to varying local conditions, firms typically attempt to control their operations to assure that their customers experience...

In a crowdfunding campaign, customers are often uncertain about how much they like the product launched because the product description often lacks detailed information, in which case the product value for a customer is her expected valuation. When that information is provided, customers'...

In this paper, the influences of prior cold deformation and tempering time on the precipitation behaviors, substructure evolution, and mechanical properties of a novel G115 martensitic heat resistant steel were systematically investigated. It was found that the deformation reduction and...