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 examine the strategies of different types of investors (the insider, the information follower, and the price follower) who have asymmetric information about future news events and how these strategies affect stock prices. We show that stock price jumps occur when the insider receives accurate...

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...