This paper examines the main drivers of the returns of gold miner stocks and ETFs during 2006-2017. We solve a combined optimal control and stopping problem to demonstrate that gold miner equities behave like real options on gold. Inspired by our proposed model, we construct a method to...

When analyzing modes of navigating a multi-cultural environment in a multinational corporation (MNC), most studies employ an etic approach that delineates how, for example, multi-cultural companies thrive and maneuver in a likewise multi-cultural business contexts. This approach implies the use...

Flexible and wearable energy devices have become an important support and indispensable product of the era of artificial intelligence and Internet of Things. Enzyme biofuel cells (EBFCs) have received much attention for their ability to convert the body's abundant biochemical energy into...

Financial regulators often focus on containing risks in financial services, while paying inadequate attention to regulation’s adverse effects on the underprivileged. This study examines how the upward mobility of borrowers was affected by China’s suppressive regulation of P2P lending in...

A large finance literature has documented an important role for aggregate credit supply. However, there has only been a small amount of research on the role competition plays in influencing the overall importance of credit. This paper explores the possibility that changes in credit market...