This study focuses on the stocks that are listed in A- and H-share markets from January 2000 to December 2009. Following Chan, Jegadeesh and Lakonishok (1996), we test the profitability of price momentum and earnings momentum strategies under different market systems and accounting standards. In...

Gramm-Leach-Bliley Act (GLBA) was signed into law on November 12, 1999.This act is regarded as the most influential deregulation for the U.S. financial servicesindustry in the past one-century. The purpose of this study is to determine and analyze thewealth effects of the GLBA on U.S. and...

Gramm-Leach-Bliley Act (GLBA) was signed into law on November 12, 1999. This act is regarded as the most influential deregulation for the U.S. financial services industry in the past one-century. The purpose of this study is to determine and analyze the wealth effects of the GLBA on U.S. and...

In this paper, we show that relaxing credit constraints and increasing access to finance by lifting state-level restrictions on interstate bank expansions from the 1970s through the early 1990s benefited the U.S. agricultural industry by increasing farm sales and profits. In our empirical...

"Privacy Matters: Payments Cards Center Workshop on the Right to Privacy and the Financial Services Industry," summarizes the main points of a workshop sponsored by the Bank's Payment Cards Center. The workshop, led by University of Pennsylvania law professor Anita L. Allen, covered the privacy...

In the wake of the passage of the Gramm-Leach-Bliley Act, the separation of banking from commercial activity is now one of the few remaining pieces of Depression-era banking law. In this article I explore the incentives that banks and commercial firms might have to affiliate. I also outline some...