"This book provides a snapshot of the COVID-19 pandemic situation from the perspective of the tourism, aviation and hospitality industries. The book analyzes the challenges and possible strategies for recovery to meet the urgent needs of the industry to deal with this catastrophic health crisis....

Food security is one of the main challenges facing humanity, and increasing crop yields is critical to meet the growing global food demand. Grain production in China has remarkably improved since its founding in 1949, but the growth remains uneven across regions. The goal of this research was to...

I study the liquidity of global stock exchanges and how it determines cross sectional returns on stock portfolios of the exchanges. I measure liquidity by turnover ratio computed as value of shares traded over the market capitalization. I obtain data from FIBV, an association of global stock...

We empirically investigate the role of host (U.S.) and home (Hong Kong) (HK) security market returns as common determinants of security returns for Chinese American Depository Receipts (ADRs) and their underlying H-shares. We also empirically determine the relation between return spread...

We examine the determinants of stock market and bank liquidity in an economy in a SUR framework in which stock market turnover and available bank credit denoting access to long and short term capital respectively are interdependent and the errors are correlated. The SUR results suggest that...

Using TORQ database we investigate the intra-day trading volume reactions to earnings announcements of five trader groups, individuals, institutions, exchange members, program traders, and specialists. The results of this study indicate that institutions are most active in the immediate...

I study how growth affects liquidity of global stock exchanges and how liquidity determines cross sectional returns on those stock exchange index portfolios. I measure portfolio liquidity by turnover ratio computed as value of shares traded over the market capitalization. I obtain data from...

We examine the determinants of stock market and bank liquidity in an economy in a SUR framework in which stock market turnover and available bank credit denoting access to long and short term capital respectively are interdependent and the errors are correlated. The SUR results suggest that...

We investigate if order time and short selling have any bearing on how prices are formed and adjusted towards full information value in the securities market. We model a competitive dealership market in which complete and incomplete information traders arrive in a probabilistic fashion to trade...

The effect of institutional trading on the bid-ask spread is of interest to regulators and market makers. It is often (casually) argued that greater institutional participation results in increased volatility in the market. On the other hand, some argue that greater liquidity trading by...