The q-theory of asset pricing predicts a negative relation between a firm's investment and its future stock returns, and the negative relation is stronger among firms with higher investment frictions. These predictions arise from each firm's decision. Therefore, testing it does not require that...

This paper shows and highlights the broad development friendly ties between Afghanistan and the People's Republic of China (PRC) and wants to investigate the effective factors which affect the relationship with the help of theoretically informed sources and historical narratives. The study shows...