In this article, we examine dynamic relationships between volatility and various microstructure measures of trade activity and quoted liquidity for each component stock in the Toronto Stock Exchange 35 Index and for the Toronto 35 Index Participation Shares. When volatility is conditioned on...

We investigate whether Jensen's free cash flow problem contributes to excess stock return synchronicity. We find that low-growth firms with high free cash flow have greater stock return synchronicity. These firms also engage in earnings management to lower their disclosure quality. To the extent...

Urban eco-efficiency, as an indicator to evaluate urban sustainability, has attracted increased attention, and green technology innovation has been proved to be an effective method to promote eco-efficiency. However, due to regional inequality, the level of eco-efficiency and green technology...

We propose that individual differences in the value placed on the principle of moderation exist and influence many aspects of consumer decision-making. The idea that moderation is an important guiding norm of human behavior is prevalent throughout history and an explicit theme in many...

We examine Chinese companies that issue both A-shares in mainland China and H-shares in Hong Kong. A-shares are restricted to mainland Chinese investors, while H-shares are available to Hong Kong and international investors. We find that H-shares exhibit significant exposure to Hong Kong market...

Urban eco-efficiency, as an indicator to evaluate urban sustainability, has attracted increased attention, and green technology innovation has been proved to be an effective method to promote eco-efficiency. However, due to regional inequality, the level of eco-efficiency and green technology...