Purpose – The purpose of this paper is to study the effects of short-sale constraints and differences of opinions on the price premium of dual listed Chinese A-H shares. Design/methodology/approach – The analysis mainly follows the Miller's model, which indicates that the relaxation of...

A bond portfolio model with interest rate swaps is developed to carry out the mean-variance analysis. It is found that interest rate swaps can be used to reallocate non-marketable bonds in the portfolio by swapping out the non-traded fixed-rate bonds into LIBOR-based floating rate notes. The...