In this paper, we provide evidence that trading driven by investors' behavioral biases contributes to stock return momentum. In particular, we focus on two types of irrational trading, momentum trading and confidence-influenced trading, which could be driven by psychological biases introduced by...

A turn-of-the-month effect in U.S. equity returns was initially identified by Lakonishok and Smidt (1988) using the DJIA for the period 1897-1986. According to the turn-of-the-month effect, equity returns over the interval beginning the last trading day of the month and ending three days later...

By examining the post-retirement outside board seats held by former CEOs of S&P 1500 firms, we find that CEOs' post-retirement outside board memberships are influenced by the tone and level of media coverage given to the CEOs' firms while the CEOs were “on the job.” These results provide...

The Public Offering Review Committee plays a significant role in China’s capital market, in which the individual determines whether the company can be listed or not, then affect the issuance quality. Most of the previous research take the ‘social connect’ as committee members’ personal...

The increase in agricultural machinery input contribution rate has been the most significant structural change in the input factors of grain production in recent years. In this study, we constructed a threshold regression model and a spatial Durbin model to investigate the threshold effects and...

We find that the effectiveness of environmental regulations is contingent on local banking competition in China. Specifically, firms located in cities with more concentrated banking markets are less likely to reduce their SO2 emissions or increase investment in abatement equipment when faced...

In diesem Beitrag wird eine Niederschlagsoption unter Anwendung der Burn-Analysis, der Index-Value-Simulation und der Daily-Simulation bewertet. Dazu wird auf der Grundlage empirischer Wetterdaten aus Deutschland (Niederschlagsmengen aus Brandenburg) ein Tagesniederschlagsmodell entwickelt....

A large number of cities around the world today owe their land use growth to the rapid development of industrial areas. The spatial structure of industrial distribution in cities shape urban spatial morphology linking with land use, transportation, economic activities, and housing. Meanwhile,...

Purpose: To ascertain the relationship between the operation system function goal decision making and customer demand and competition strategy, can better discover and integrate all available resources (including important capital resources) to achieve business opportunities, the establishment...