Using changes in the MSCI Standard Country Indices for 29 countries between 1998 and 2001, we document that stock returns and volumes exhibit quot;index effectsquot; in international markets similar to those detected by the studies of US stocks. The stocks added to the indices experience a sharp...

Using changes in the MSCI Standard Country Indices for 29 countries between 1998 and 2001, we document that stock returns and volumes exhibit quot;index effectsquot; in international markets similar to those detected by the studies of US stocks. The inclusion of a stock generally leads to higher...

Using changes in the MSCI Standard Country Indices for 29 countries between 1998 and 2001, we document that stock returns and volumes exhibit quot;index effectsquot; in international markets similar to those detected by the studies of US stocks. The inclusion of a stock generally leads to higher...

The creation and development process of College Student Loan (CSL) in China is the one that is fulfilled gradually and interlacing with Chinese higher education system reform and fiscal financial system reform. To ensure limited CSL to flow to millions of poor college students from limited...

The creation and development process of College Student Loan (CSL) in China is the one that is fulfilled gradually and interlacing with Chinese higher education system reform and fiscal financial system reform. To ensure limited CSL to flow to millions of poor college students from limited...

To reveal the cooperation relations and structure characters of China's educational economics (EE) by social network analysis (SNA), 4,632 authors have been statistically analysed in this article, of which 4,884 articles were published by 12 correlative academic journals of EE from 1980 to 2009,...

It is a distinct trend in the development of education economics (EE) that accurate quantitative analyses are replacing vague literal description. In this paper, we studied 1,600 papers which were published on Education and Economy from 1985 to 2008, and analysed the 5,773 keywords of those...

We investigate whether recent country-level evidence of global pricing is particular to large-cap stocks. Specifically, we examine cross-country return correlations and conduct asset pricing tests on three size-based stock portfolios for nine developed countries over the 1980 to 2004 period. We...

The empirical evidence on the cross-sectional relation between idiosyncratic risk and expected stock returns is mixed. We demonstrate that the omission of the previous month's stock returns can lead to a negatively biased estimate of the relation. The magnitude of the omitted variable bias...

We propose a measure for extreme downside risk (EDR) to investigate whether bearing such a risk is rewarded by higher expected stock returns. Constructing an EDR proxy with the left tail index in the classical generalized extreme value distribution, we document a significantly positive premium...