In this paper, some decentralized control problems composed of two subsystems are addressed from a special perspective. First, it is pointed out that some subsystems must be unstable to stabilize the overall interconnected system in some special cases. Then, a special kind of decentralized...

This study develops a consumption-based asset pricing model in which domestic consumers can buy goods from domestic and foreign markets but can only invest in domestic markets. In this model, the exchange rate influences asset prices through the marginal utility of consumption and increases the...

This paper investigates the impact of public-listing age on the future operating performance of Chinese firms making initial public offerings (IPOs) during the period 1998-2010 and examines whether accounting accruals contribute to this impact. We found that, on average, public-listing age has a...

This paper deals with a stabilization problem for a class of dynamical complex networks with each node being a general Lur’e system. Based on a Lur’e–Postnikov function and a special decentralized control strategy, the problem of designing a linear feedback controller such that states of...

This paper is concerned with the problem of global synchronization for a class of dynamical complex networks composed of general Lur’e systems. Based on the absolute stability theory and the Kalman–Yakubovich–Popov (KYP) lemma, sufficient conditions are established to guarantee global...

Motivated from Fama’s (1991) conjecture of an explicit link between the cross-sectional and time-series stock return predictability, we investigate whether the investment factor constructed from the cross-section of stocks also has time-series predictive power for stock returns within...

In this paper, the commonly concerned issue of synchronization regions of complex dynamical networks is investigated, for the case when the synchronous state is an equilibrium point. Some simple sufficient conditions for a network to have or have no unbounded synchronization regions of the form...