In order to help enterprises to achieve high-quality development and improve the capital market regulatory policies by supporting with more factual basis from China, this paper conducts research on clarifying impact mechanism of digital transformation on M&A efficiency of listed companies....

This paper explores the issue of understanding time-varying relative risk aversion with household-level data. First, we derive an analytic form for a parsimonious portfolio choice model with the preference given by Greenwood, Hercowitz and Huffman (1988, GHH), and then, the analytical solution...

Examining the effect of beauty on labor market outcomes has become a growing field of labor economics. In fact, the way the labor market rewards physical attractiveness has become an important underlying determinant of wage discrimination, as well as the gender wage gap. In this article, we...