This study chooses two product technological elements (customized design and modular design) and two operations technological elements (process automation and process flexibility) from among a number of best practices to study their impact on organization structure, including centralization,...

We use transactions data to explore the magnet effects of price limit rules on the Shanghai Stock Exchange (SHSE). When limit hits are imminent, stock prices are found to approach the price limits at faster rates, with higher trading intensity and larger price variation, supporting the magnet...

In a stock market, the price fluctuations are interactive, that is, one listed company can influence others. In this paper, we seek to study the influence relationships among listed companies by constructing a directed network on the basis of Chinese stock market. This influence network shows...

This article applies the Granger causality test in quantiles to investigate causal relations between stock returns and exchange rate changes for nine Asian markets over the period 1 January 1997 to 16 August 2010. Our empirical results indicate that the quantile causal relations vary across...

The rapid growth of Chinese economy has tremendously stimulated the expansion of energy consumption. The structure of energy consumption in China is featured with the coal domination. Air pollution is becoming increasingly severe. As a result, we are confronted with the extremely arduous task to...

In a credit market, a low-cost foreign entrant is likely less informed than a domestic bank with information endowments. We present a steady-state model in an infinite-period framework, and analyze how the informational asymmetry affects the lending equilibrium and the foreign banks’ entry...

This paper presents a framework to analyze the controllability of opinion dynamics in social networks using DeGroot model (DeGroot, 1974). We show how the opinion, or attitude about some common questions of interest in a population can be controlled by a committed node who consistently...

Since Value-at-Risk (VaR) disregards tail losses beyond the VaR boundary, the expected shortfall (ES), which measures the average loss when a VaR is exceeded, and the tail-risk-of-VaR (TR), which sums the sizes of tail losses, are used to investigate risks at the tails of distributions for major...

Trans-jurisdictional conflict in both water quantity and quality is a general concern in large river basins. In this paper, the relative utility function combined with the asymmetric Nash bargaining method was established to analyze the trans-jurisdictional conflict between water quantity and...