Using a large panel dataset covering all manufacturing firms (above a minimum scale) in China from 1998 to 2005, this paper examines whether there exist productivity spillovers from foreign direct investment (FDI) to domestic firms. In estimating productivity, we control for a possible...

Many studies have purported to show that online investor sentiment measures could help to improve the prediction accuracy of stock return volatility. Unfortunately, most of them were lack of out-of-sample validations, had inadequate validation samples, or failed to include proper controls in...