This study investigates the role of higher co-moments on stock returns in two important stock markets: China and the UK …-moments play different roles in the two markets. In China, investors price only coskewness risk, while UK investors price both … coskewness and cokurtosis risks. Our results also show that China investors use a shorter one- to two-year window period to …

listed companies, more particularly, to find out whether China patent's claim impacted on China listed company's stock return … business. Design/methodology/approach: This research used a company integrated China patent database in which all subsidiary …'s patents were merged with their parent company's patents. Three China patent species of the invention publication, the …