Neoliberal politics in China have changed the roles of, and the interrelationships between, the state, the market and society in urban restructuring. Since 2008, the central state has initiated the Shantytown Redevelopment Projects (SRPs) to improve the living conditions of low-income residents....

Insurance firms are a key player in the corporate bond market. In this study, we consider the role of life insurers as "rainy day" liquidity providers who improve liquidity in stressful conditions due to the nature of long-term buy-and-hold investments. To this end, we present evidence that...

Purpose: We model group advertising decisions, which are the collective decisions of every single advertiser within the set of advertisers who are competing in the same auction or vertical industry, and examine resulting market outcomes, via a proposed simulation framework named EXP-SEA...

Photos play a critical role in online shopping. To examine their impact on consumers, most previous studies rely on human assessments to develop measures for photos. Such an approach limits the number of dimensions and samples that can be investigated in one study. This study exploits...

Over 85% U.S. firms set their pension discount rates higher than benchmark rates, particularly when interest rates fall. This paper offers explanations to this phenomenon --- mandatory contributions to underfunded pensions constrain corporate investments, thus a relaxation of such constraint...

Electric vehicle (EV) use is increasing rapidly all over the world. This is especially true in China, which brings a dramatic rise in demand for power batteries. After the end of their service life, irregular disposal of spent power batteries would lead to great threaten to environment and human...