This paper uses a multi-factor latent variable model to examine the time variation of expected returns on Asian property stocks. Using data from 1990 to 1997, we found strong evidence of time-varying risk premium, suggesting property development based on constant discount rate may underestimate...

This paper uses a multi-factor latent variable model to examine the time variation of expected returns on Asian property stocks. Using data from 1990 to 1997, we found strong evidence of time-varying risk premium, suggesting property development based on constant discount rate may underestimate...

In this study, a new fenton system combined with electro-fenton and bio-eletro-fenton (EF-BEF system) was proposed for the ENR degradation and swine wastewater treatment, and the pitaya peel derived carbon modified by sulfidized nanoscale zerovalent iron (SnZVI) was developed as catalyst of the...

This paper studies the impact of foreign investment on domestic financial markets. It examines the empirical validity of some protectionist claims used by regulators to restrict foreign investment. These people argue that 1) trading by foreign investors tends to increase market volatility more...