We examine the informativeness of quarterly disclosed portfolio holdings across four institutional investor types: hedge funds, mutual funds, pension funds, and private banking firms. Overweight positions outperform underweight positions only for hedge funds. By decomposing holdings and stock...

This paper provides the first systemic study of China’s policy and legal responses to security-related actions and disputes in the international trade regime. It starts with a brief review of the law and practices relating to the security exceptions under the World Trade Organization to...

As the “new” economy which is supposedly mainly fueled by knowledge and ideas relentlessly marches on with globalization, intellectual capitals (IC), such as human capitals, structural and relationship capitals, are getting more and more attention, as they are expanding the horizon of the...

This paper investigates convergence patterns among 113 market economies. Incorporating different grouping methods, both ADF and KPSS tests are used to examine whether countries converge to the group average. The test results support the finding of a "convergence club," specifically, that the...