The existing literature shows that, due to locality and familiarity, spatial investor-firm adjacency plays a key role in determining stock investor attention, as proxied by the location where investors initiate an Internet search of the ticker symbol. This paper investigates whether Chinese...

In China, large lakes and reservoirs usually span a few administrative areas therefore are co-managed by a multitude of government agencies at different levels. This generates a typical tragedy of the commons problem: water bodies with more administrative areas involved tend to be more polluted...

This study investigates the lead–lag relationships of volatility among European stock markets. Using weakly realized variance measures, we examine volatility spillover dynamics between the UK and other major stock markets in Europe, thereby identifying a long-run leading role for the UK market...