We track trading activity in the days preceding acquisition announcements for target firms, and find that abnormally high trading volume precedes significant price movement. Using additional intraday data, we find increased active-selling in target stocks before acquisition announcements that...

In this paper, we quantify the degree of confusion in subprime credit crisis. It's well known that huge confusion and anarchy of financial system come to light in the subprime credit crisis. By using concept in traffic network as a source of reference, this paper originally poses financial price...

After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...

We conduct analysis on the urban construction's demand for land, tourism's demand for land, infant industry's demand for land and infrastructure's demand for land in Hainan Province, respectively, and forecast the amount of newly-added land in Hainan Province in 2015 compared to 2008. Based on...

We consider the implications of expanding enrollment through lower standards in a model with human capital externalities and a market failure. Workers and firms make uncoordinated investment choices prior to random matching. Investment choices depend on the expected productivity of the...

We track trading activity in the days preceding acquisition announcements for target firms and find that abnormally high trading volume precedes significant price movement. Using additional intraday data, we find increased active-selling in target stocks before acquisition announcements that...