Non-performing loans(NPLs) of commercial banks hamper the development of Chinese banking sector for long. The state-owned shareholdings representing the willingness of government intervention are taken as the driven factor for the high NPL ratio of commercial banks. In the process of deepening...

Unlike the efficient redistribution theory, which holds that firms with high credit levels, high liquidity and high market position are lenders among firms, we find that they may also be borrowers. We empirically tested the different effects of value enhancement, coordination and stability when...

We consider the fleet repositioning problem for a free-floating vehicle sharing system. The objective is to decide on the vehicle distribution dynamically in the network in order to maximize the long-run average social welfare, i.e., to match the vehicle supply and travel demand at the least...