In this study, we explored the impact of bank leverage and financial frictions on the transmission of real and financial shocks. Two new Keynesian dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions, were employ...
In this paper we aim, first, to examine how an economy’s financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirm...
How to raise productivity level has become the core issue of ensuring China’s sustained Economic Growth in the Future. The mixed-ownership has both the financing advantage of the SOEs and the competitive ability of the Private firms, which can...
This paper aims to examine the importance of financial intermediation in economic activity. We also explore the effects of monetary factors and financial frictions on the relationship between financial intermediation and economic growth, the drivers...
This paper considers the protection of intellectual property rights and financial development in the green low-carbon endogenous economic growth model, and also considers the total financing scale of the firms in the financial development sector, the...
This paper investigates the use of reinforcement learning (RL) algorithms to learn adaptive hedging strategies for derivatives under realistic market conditions, incorporating permanent market impact, execution slippage, and transaction costs. Market...
Recent developments in dynamic portfolio optimization have focused on the role played by portfolio frictions. Portfolio frictions make the portfolio’s response to financial shocks weaker and more gradual than in a model without frictions. At th...
The finite element method(FEM) is a powerful tool for studying friction and wear. Compared to experimental methods, it has outstanding advantages, such as saving financial costs and time. In addition, it has been widely used in friction and wear rese...
Given the recent Brazilian economic scenario, characterized by political uncertainties and economic instabilities, it is essential for companies to engage in hedging as part of their financial policy in order to prevent their results from being affec...
To improve financial sustainability and promote economic stability, it is important to understand the intricate relationship between finance and macroeconomy. Thus, focusing on financial stress and macroeconomic sectors, this paper investigates macro...
In this challenging and innovative article, we propose a framework for the consumer behavior named “consumer financial spinning”. It occurs when borrowers-consumers of products with high financial stakes accumulate unsustainable debt and disconnect f...
This paper aims to tackle the problem of low accuracy in predicting financial distress in Chinese industrial enterprises, attributable to data imbalance and insufficient information. It utilizes annual data on systemic risk indicators and financial m...
One route to reducing global CO2 emissions is to improve the energy efficiency of machines. Even small improvements in efficiency can be valuable, especially in cases where an efficiency improvement can be realized over many millions of newly produce...
This article presents the influence of lubricant on selected tribological properties of the rolling–sliding association, i.e., the wheel–rail system. Three solid lubricants were tested: soybean grease, molybdenum disulfide and graphite gr...
Machinery for internal transport in open-pit mines experiences excessive wear. Belt conveyors used for transporting aggregates are a type of equipment in which bearings are especially prone to failure. Considering the significant financial impact of...
In the context of tightening sustainability regulations and rising demands for transparent and responsible capital allocation, understanding how digital financial innovations influence market efficiency has become increasingly important. This study e...
Managing finances in a supply chain today is not as straightforward as it once was. The world is constantly shifting—markets fluctuate, risks emerge unexpectedly—and companies are continually trying to stay one step ahead. In all this, fi...
Steel and prestressed concrete traction poles can be fixed to reinforced concrete pile foundations using typical bolted connections. The stainless steel fastening screw is connected to the ordinary steel foundation pile reinforcement by friction weld...
Utilizing a dataset of 190 risk factors spanning over three decades, we apply a swarm-based classification model to estimate factor velocity and analyze its implications for asset pricing. Our results show that slower-moving factors generate higher a...
Smart speakers, such as Alexa and Google Home, support daily activities in smart home environments. Even though voice commands enable friction-less interactions, existing financial transaction authorization mechanisms hinder usability. A non-invasive...
The market imperfection hypothesis posits that market frictions undermine economic efficiency and amplify economic fluctuations. As an emerging corporate evaluation framework and behavioral norm, ESG (environmental, social, and governance) performanc...
As Thailand’s financial sector accelerates its digital transformation, cybersecurity has transitioned from a mere technical support function to a strategic imperative that governs operational risk and financial stability. This study empirically...
This article offers a clear and approachable introduction to the evolving landscape of money and the frictions developing between traditional government control and decentralized finance (DeFi). Tailored for readers with a basic awareness of cryptocu...
This paper examines the costs associated with installing PIP (Pile-in-Pile) slip joints compared to traditional tubular joints, focusing on investment, installation processes, and long-term benefits. Previous studies have indicated that the structura...
This study investigates the impact of countries’ fundamental risk on the speed of adjustment (SOA) towards firms’ target capital structures. Using a dataset comprising 17,747 non-financial firms from 44 countries, this study finds that a...
This study focuses on firefighters’ relationship with different types of change in their profession and what barriers and facilitators might contribute to how they respond. Informed by the Force Field analysis of change, interviews were conduct...
Convertible bond financing has gained significant traction in China’s capital market, yet it poses financial risks, particularly for highly leveraged firms. This study investigates how corporate financial traits influence the decision to issue...
Voluntary carbon markets (VCMs) are growing rapidly but remain structurally fragmented due to verification delays, lifecycle opacity, inconsistent metadata, and capital mobilisation bottlenecks. While blockchain is often proposed as a digitalisation...
This study investigates how perceived value influences user satisfaction and usage intention toward AI Digital Human Advisors in digital finance, drawing on the Stimulus–Organism–Response (S–O–R) framework. Perceived value is...
Recently, China has witnessed a continuously increasing Debt-to-GDP ratio and a vigorously expanding shadow banking sector. Housing prices hovering at a high level seriously affect the lives of ordinary residents. Disappointingly, a variety of activi...
To fight corruption, money laundering, and organized crime, a proposed APUNCAC Beneficial Owner Rule would require financial service personnel to obtain and submit certification by the true beneficial owner when covered funds are transacted in amount...
Empirical evidence demonstrates that credit standards, including lending margins and collateral requirements, move in a countercyclical direction. In this study, we construct a small open economy model with financial frictions to generate the counter...
Recent theoretical and empirical studies highlight that information asymmetry and owner–manager conflict of interest can distort corporate investment decisions. Building on this premise, we hypothesize that superior environmental, social, and g...
This paper introduces a novel multi-objective optimization framework for sustainable portfolio rebalancing under uncertainty. The model simultaneously targets return maximization, downside risk control, and liquidity preservation, addressing the comp...
Price transmission through global–domestic agricultural supply chains is a fundamental indicator of domestic market efficiency and producer welfare. Conventional price-transmission econometrics test for a theory-based spatial-arbitrage restriction th...
Small and medium-sized enterprises (SMEs) chronically face financing frictions. While supply chain finance (SCF) can help, reliable credit risk assessment in SCF is hindered by redundant features, heterogeneous data sources, small samples, and class...
In the modern corporation, understanding sustainable cost management practices is essential for promoting economic resilience and resource efficiency. This study investigates how ownership structures influence the behavior of selling, and general and...
The concept of a “flow network”—a set of nodes and links which carries one or more flows—unites many different disciplines, including pipe flow, fluid flow, electrical, chemical reaction, ecological, epidemiological, neurologi...
Despite the spread of digital payment systems, banknotes still play a vital role in the lives of people, financial institutions, and businesses. Automation is crucial in all cases where a large number of deposits/withdrawals need to be handled. In sp...
The literature on the climate transition risk–green innovation nexus remains divided: some studies find negative effects, while others report positive effects. Using data on Chinese A-share listed firms from 2011 to 2023, we analyze firm-level...
Drastic shifts in prices and housing market trends in recent years, representing shocks to the housing system, have led many residential developers to pause or cancel their projects. In the already heated housing markets of the Greater Toronto Area (...
In the context of industrial transitions and tariff frictions, financial markets are experiencing frequent defaults, emphasizing the urgency of upgrading credit scoring methodologies. A novel credit risk identification model integrating generative ad...
This paper describes and critically reviews an important but under-theorized value capture mechanism that we have termed “vertical allocations” (or vertical exactions). This mechanism enables cities to capture value vertically by allocating floor spa...
21 December 2022
Aims: Workplace stress for support workers in UK hospitals (Health Care Assistants; HCAs) is poorly understood. This study explores experiences of HCAs working in a National Health Service in-patient dementia unit after 10 years of national financial...
Since the COVID-19 outbreak, the global economy has undergone profound changes, and China’s real estate market has experienced dramatic turbulence. In order to stabilise the national economy during the epidemic, China’s macro-controls on...
The process of seismic retrofitting for inadequate RC frames is vital for enhancing structural integrity in areas susceptible to earthquakes. This research investigates a novel tube-in-tube (TnT) buckling restrained brace (BRB) system aimed at improv...
This study examines how geographic distance to Vietnam’s centralized securities regulator—the State Securities Commission (SSC)—influences firm-level stock price crash risk. In emerging markets characterized by weak governance, corr...
This paper presents a simulation-based artificial neural network (ANN) model to predict bit-rock interaction forces during drilling. Drill string vibration poses a significant challenge in the oil, gas, and geothermal industries, leading to non-produ...
Today’s world is experiencing a great change that has not been seen in a hundred years, with a tense and complex world situation; under the influence of the Israeli–Palestinian conflict, trade friction between China and the U.S., and othe...
Three-Phase Induction Motors (TIMs) are widely applied in industries. Therefore, there is a need to reduce operational and maintenance costs since their stoppages can impair production lines and lead to financial losses. Among all the TIM components,...
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