Financial anomalies in emerging markets can be caused by forces that are very different from that in mature markets. In a GARCH model, we investigate the political aspect of financial anomalies and show that financial anomalies can be caused by political intervention. In the case of China, while...

The purpose of this paper is to put forward the hypothesis that a transformation from closed integral architecture to quasi-open modular architecture contributes to the achievement of a low-cost competitive strategy by Chinese carmakers. Since 2006 China has become the 3rd largest player in the...