I develop a set-theoretic model of unawareness without making any structural assumptions on the underlying state space. Unawareness is characterized as a measurability constraint that results in players' reasoning about a "coarse" subjective algebra of events. The model is shown to be...

This study reviews the research on international investment strategy from a real options lens and discusses avenues for future research. Uncertainty has been a persistent feature in international business, and multinational enterprises (MNEs) have to deal with uncertainty (e.g., market,...

In his seminal paper, Lucas (1988) stresses the important role of human capital externalities in explaining long-term economic growth and points out two major determinants of human capital externalities: average human capital level and group interactions. Existing literature has well documented...

China’s transport sector has experienced a rapid growth in the last two decades, which causes heavy related carbon emissions and environmental pollutions due to its feature of high energy-intensive. A number of scholars have conducted studies to identify the sector’s potential energy savings...

Venture capital is certainly important to a country in that it finances entrepreneurship and innovation. In recent years, secondary markets for private shares have emerged as an important node in the VC cycle by both facilitating interim liquidity for non-listed firms and providing external...

In recent years, the increasing cross-border investments by sovereign wealth funds have aroused high profile controversies, particularly over the strategic motives behind them and the potential control they could exert over target firms. Using a hand-collected dataset consisting of 51 M&As, 5...

This paper provides an updated account of housing affordability research in top-tier urban and housing related journals. The theme and foci of affordability studies are reviewed based on a literature survey of 112 journal papers over the period 1990 to 2013. Six perspectives are encompassed,...