To what extent did independent directors help firms’ recovery during the COVID-19 pandemic? In this paper, we answer this question by investigating whether independent directors contribute to Chinese listed firms’ operation income growth during the first and second quarters of the year 2020....

This paper examines the COVID-19 impact on Chinese farmers’ peer-to-peer (P2P) borrowings using transaction-level data. Our difference-in-differences estimation results suggest that farmers from the most pandemic-affected region, Hubei province, substantially reduced their P2P loans by 13%...

A dairy products manufacturer wishing to expand into university foodservice operations collaborated with a graduate marketing class to research student preferences regarding the Company’s products. Baseline and follow-up stated choice surveys and conditional logit analyses were conducted at a...

Metamaterials have innovative functionalities as a result of artificial design. By arbitrarily designing thermal conductivity, thermal metamaterials have achieved thermal invisible cloaks, camouflages, and deceptions in steady state. However, density and specific heat capacity have sometimes...

We study the gas-water transient imbibition and drainage processes in two-dimensional nanoporous media using our recently developed Lattice Boltzmann model (LBM). To describe the microscopic molecular interactions, the model employs a pseudopotential that correlates the local density and...

This paper investigates the impact of Contingent Convertible (CoCo bonds) on systemic risk. Based on the network and liquidity channel, we compare the differences in default contagion and clearing payment between financial systems with and without CoCo bonds. By analyzing the sensitivity of...

This paper investigates the impact of Contingent Convertible (CoCo) bonds on systemic risk using Eisenberg-Noe's financial network method, where the network is linked by debt relationship. The default contagion and loss amplification due to network linkage measure the systemic risk, from which...