In this paper, a nonlocal Lakshmanan-Porsezian-Daniel equation is investigated with the help of the binary Darboux transformation (DT) method and asymptotic analysis. We derive the formulas of the Nth-order solutions through the binary DT, where N is a positive integer. Under certain conditions,...

Ownership type, legal system evolution and their interaction significantly affect the incentives and behaviors of independent directors. We use the 2019 Securities Law revision as an exogenous shock to examine how state-owned enterprises (SOEs) versus non-SOEs and their independent directors...

Using a sample of 1,103 Chinese private-sector firms that went public during 2004-2016, we find that founders from the country’s regions with stronger collectivist cultures engage more family members as managers, retain more firm ownership within the family, and share the controlling ownership...