In the financial sector, alternatives to traditional datasets, such as financial statements and Securities and Exchange Commission filings, can provide additional ways to describe the running status of businesses. Nontraditional data sources include individual behaviors, business processes, and...

Most experts try their best to enhance investment performance of multifactor strategy by appending new useful factors or by optimizing existing factors. However, few people take the supply chain into consideration during multifactor strategy designing. Indeed, supply and demand relationships in...

We study historical tax revenue downturn episodes—where tax revenue-to-GDP ratios decline sharply—and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage point of GDP in one year are common. The tax types that account for these...