News sentiment has been empirically observed to have impact on financial market returns. In this study, we investigate firm-specific news from the Thomson Reuters News Analytics data from 2003 to 2014 and propose an optimal trading strategy based on a sentiment shock score and a sentiment trend...

In this paper, a novel conditional focus probability learning model, termed MCNN, is proposed for multi-focus image fusion (MFIF). Given a pair of source images, their conditional focus probabilities can be generated by using our MCNN trained well, which is further converted into the binary...

We extend the constant-elasticity regression that is the default choice when equities' exposure to currencies is estimated. In a proper real-option-style model for the exporters' equity exposure to the foreign exchange rate, we argue, the convexity of the relationship implies that the elasticity...

This paper studies the single-warehouse assortment selection problem that aims to minimize the order fulfillment cost under the cardinality constraint. We propose two types of fulfillment-related cost functions, which correspond to different preferences toward spillover fulfillment and...

In this paper, I study the competition of platforms which offer differentiated products à la Hotelling in the presence of network effects when the location choices are endogenous. I mainly find that undermill pricing policy and unbalanced competition, a tendency of agglomeration emerges in...

This paper considers the non-monotonic effect of the partial privatization campaign on the capital allocation distortion of large SOEs in China by using the Chinese firm-level panel data. We construct a theoretical model to show that the rise in the degree of partial privatization has the...

A retailer sells a single product for a single period. During transportation and storage, some of these products are consumed by the retailer either (1) due to unavoidable damages (passive self-consumption), or (2) distributed for free to the customers (proactive self-consumption). This creates...