This study examines suppliers’ decision-making regarding supply chain ethics and transparency using an agent-based model with Q-learning agents. A supplier may not accurately identify the demand for its product because the impact of supply chain ethics on the market is opaque. Thus, we define...

This study examines price disagreements and adjustments between actual futures prices and options-implied futures prices in an elaborate setting. We identify which market triggers each type of price disagreement and find that the market that initiates the disagreement adjusts more to eliminate...

This study examines the response of intraday options-implied volatilities to scheduled announcements of major macroeconomic indicators. By analyzing the KOSPI 200 options intraday data, we find that the abnormal implied volatility significantly increases around announcements of macroeconomic...

This study examines price disagreements and adjustments between actual futures prices and options-implied futures prices in an elaborate setting. We identify which market triggers each type of price disagreement and find that the market that initiates the disagreement adjusts more to eliminate...

This study aims to examine the impact of option incentives on corporate innovations in the representative emerging and transition economy. By utilizing the Chinese dataset, we find a noteworthy positive impact of option incentives on two dimensions of innovation: inputs and outputs. These...

This study shows that analysts generate firm-specific information rather than market-wide information. While previous studies just report the positive relationship between stock price synchronicity and analyst coverage, we newly suggest that the positive relation can be attributed to the...

This study explores the relationship between financial firms' environmental, social, and governance (ESG) activities and their financial stability measured by Altman's Z-score. Based on a dataset of listed financial institutions in Korea, our results indicate a positive association between...