We apply multiple machine learning (ML) methods to model loss given default (LGD) for corporate debt using a common dataset that is cross-sectional but collected over different time periods and shows much variation over time. We investigate the efficacy of three cross-validation (CV) schemes for...

Many business decisions, such as managing investment instruments, selecting medical care, and managing various supply chains, are being made repetitively in uncertain environments. At times, decisions under uncertainty could be perceived as wrong ex-post even though they are really ex-ante...

Part 1. Fintech In China -- Chapter 1. Overview Of FIntech -- Chapter 2. Fintech Is Impacting The Financial Industry -- Chapter 3. The Rise Of Bigtechs In The Financial Market -- Chapter 4. Digital Currency -- Chapter 5. Financial Consumer Protection In Fintech Field -- Part 2. Suptech In China...

The disruption of sharing economy services to incumbent firms has attracted growing attention. Yet, the literature is silent on how incumbents respond to the rivalry and the resulted consequences. We investigate incumbent hotels' adjustment on quality after home sharing's entry using management...