This study examines and compares stock returns and volatilities between state-owned and non-stateowned firms on the Shanghai and Shenzhen stock exchanges. Results vary significantly by exchange. Returns for both firm types, on both exchanges, exhibit negative skewness and high kurtosis...

Purpose – Agent-based modelling and simulation (ABMS) has seen wide-spread success through its applications in the sciences and social sciences over the last 15 years. As ABMS is used to model more and more complex systems, there is going to be an increase in the number of input variables used...