Showing 1 - 10 of 736
Financial reports present assets, liabilities, and earnings on a nominal basis (unadjusted for inflation). Using a novel dataset of nearly a century of financial reports, this paper examines whether and how inflation affects the relation between accounting earnings and stock market value, i.e.,...
Persistent link: https://www.econbiz.de/10014528402
We study how the social transmission of public news influences investors' beliefs and securities markets. Using an extensive dataset to measure investor social networks, we find that earnings announcements from firms in higher-centrality locations generate stronger immediate price and trading...
Persistent link: https://www.econbiz.de/10013537754
Despite the dominance of retail investors in the Chinese stock market, there's a conspicuous absence of price momentum in weekly and monthly returns. This study uncovers the presence of price momentum in daily returns and, through a systematic analysis of trading heterogeneity among investors,...
Persistent link: https://www.econbiz.de/10014436970
. We conduct a randomized field experiment in northern China using three types of SMS campaigns targeting three potential …
Persistent link: https://www.econbiz.de/10014436972
China, we first document that individual LPs, on average, contribute about 50% of the capital of each fund in which they …
Persistent link: https://www.econbiz.de/10014437028
We investigate the phenomenon of trade re-allocations across countries as a result of the U.S.- China trade war. Using …, including products not targeted by U.S. tariffs on China. We are however the first to ask what seems to drive these trade ….S. tariffs on China. Second, we show that there is evidence of spillovers to similar non-targeted products: products in similar …
Persistent link: https://www.econbiz.de/10014437053
China. First, China has a comparative advantage in this technology. It is substantially more likely to export surveillance … democracies are more likely to import surveillance AI from China. This bias is not observed in AI imports from the US or in … imports of other frontier technologies from China. Third, autocracies and weak democracies are especially more likely to …
Persistent link: https://www.econbiz.de/10014372433
mothers' labor market outcomes. We employ individual-level survey data from China and leverage plausibly exogenous …
Persistent link: https://www.econbiz.de/10014372441
status information based on the timing of marriage from family histories in Central China, already in the early 1500s it is … fall in the returns to son education due to the decline of China's civil service examination …
Persistent link: https://www.econbiz.de/10014372452
human capital in STEMI areas. We conclude with a comparison of the US research ecosystem to that of China to understand how …
Persistent link: https://www.econbiz.de/10014372474