Demand for electricity in China kept accelerating in recent years; moreover, there exist serious mismatches among the distribution of power demand, energy resources, and power generation infrastructure across different regions in China, both of which indicate a necessity of a holistic and...

The invulnerability or robustness of complex networks against cascading failures under critical node failures is of great realistic meaning. Inspired by other related works, we propose a renewed cascading failure model which should be more suitable for real networks. In this model, the initial...

We study the effects of local religious beliefs on mutual fund risk-taking behaviors. Funds located in <i>low</i>-Protestant or <i>high</i>-Catholic areas exhibit significantly higher fund return volatilities. Similar differences persist when we use the religiosity ratios at fund managers' college locations....

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This study examines firm performance surrounding insiders' prepaid variable forward (PVF) transactions to infer insiders' information when they enter these off-market contracts. PVFs allow insiders to hedge downside risk, share performance gains, and obtain immediate large-sum cash...

We argue that a firm's suppliers and customers prefer it to account more conservatively due to information asymmetry and these stakeholders' asymmetric payoffs with respect to the firm's performance. We predict that a firm meets this demand for accounting conservatism when suppliers or customers...