Under an incomplete market, we develop a utility-based pricing model for equity and contingent convertible bond (CCB) while the straight bond is priced by an equilibrium pricing method. We derive the semi-closed-form solutions of the utility-based prices of equity and CCB and the explicit...

"This book addresses and compensates for the lack of poverty measurement research in China. With regard to the multi-dimensional measurement of poverty, it is clear that the situation of Chinese farmers is problematic in terms of five major aspects: sanitation facilities, health insurance,...

This study examines whether ESG affects capital occupation in supply chain and firm value using a dataset of Chinese-listed firms. We demonstrate that focal firm with better ESG performance extend their receivable periods to customers and has access to longer payable periods provided by...