It is generally accepted that excessive exuberance or gloom in investor sentiment contributes to booms and crashes in asset prices but, because of its complex interaction with other aspects of the valuation process, these effects are not easy to identify with statistical confidence and this...

The recent institutional reforms in China provide new settings to explore various important topics in finance. Three major reforms are namely the Anti-Corruption Campaign, Mass Entrepreneurship and Innovation and the Belt and Road initiative (also known as the land and maritime Silk Road...