Using a large sample of firms from 30 countries, we find that the integration of corporate social responsibility (CSR) criteria into executive compensation is associated with greater innovation output in countries around the world. We also find that this positive association is stronger in...

We build a game theoretical model to examine how the level of information advantage of insiders and the competition between insiders and sophisticated investors affect stock price movements and traders' trading strategies and profits. We show that the competition between insiders and...

Climate change has significant impacts on economy because the carbon emission, which plays an important role in climate risk, can rise the temperature with the rate never seen before leads to enormous uncertainty in the long term. This paper proposed a novel measure termed the carbon adjusted...

The selection criteria for the traditional momentum strategy do not take into account that the tails of security returns follow a power-law distribution and most of them assign equal weights to the winner and loser portfolios. With the help of fractal theory, we construct a fractal momentum...

Balancing supply and demand for a dockless bike-sharing system is difficult as users are allowed to pick up and return bikes anywhere within a large service area. One strategy to help manage the amount of dockless bikes scattered within a service area is to offer monetary rewards for users who...