Nowadays digitalization has played an increasingly important role in firms’ manufacturing operations. However, the performance outcomes of a firm’s digital transformation practices are still debated. There is also a lack of quantitative research that analyzes their associations using large...

Nowadays digitalization has played an increasingly important role in firms’ manufacturing operations. However, the performance outcomes of a firm’s digital transformation practices are still debated. There is also a lack of quantitative research that analyzes their associations using large...

ISO14001 certification, as an innovative environmental self-regulation, has been widely utilized to facilitate relevant firms to implement low-carbon technologies and mitigate environmental impacts. Although ISO14001 certification has gained much attention from researchers and practitioners, its...

Recent increases in Chinese elderly living alone or only with a spouse has raised concerns about elderly support, especially when public support is inadequate. However, using rich information from the China Health and Retirement Longitudinal Study, this paper finds that the increasing trend in...

Classic option pricing theory values a derivative contract via dynamic replication, and views the derivative as redundant relative to the replicating portfolio. In practice, while dynamic replication proves highly effective in drastically reducing the risk in derivative investments, the...