The stock expected returns are positively related to operation performances and negatively related to investment and financing activities, we check the three indicators with significant predictive power in the cross-section of stock returns, across large, medium and small cap stock groups: Net...

The knowledge of portfolio analysis tells the Sharpe ratio and the mean-variance efficiency is important to the rational risk-averse investors in the portfolio selection in a single period. The asset pricing models, such as the CAPM, APT and ICAPM, give directions in search of mean-variance...

This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property...