We investigate state share transfers of Chinese listed companies on how financial conditions and ownership structure affect such restructuring decision and shareholders' wealth. Chinese stock market reacts positively to all state share transfers around announcements. The short term positive...

We provide a first look at the performance of Chinese open-end mutual funds from 2001 to 2008 using data from a high quality mutual fund database provided by the GTA Information Technology Co., Ltd. From daily return data, we find that some Chinese open-end mutual funds can provide statistically...

This paper compares the changes in implied volatilities of options on Nasdaq 100 and Russell 2000 value and growth portfolios. Following Stein (1989) and Heynen, Kemna, and Vorst's (1994), we assume mean reversion, GARCH and EGARCH models for volatility. The empirical evidence using put options...

Most aging countries in the world are experiencing the problems of insufficient motivation for technological innovation and excessive medical costs. This research thus utilizes medical patent applications and medical innovation efficiency to measure medical innovation for 41 countries covering...

The thermal performance of a solar thermosyphon system for water heating depends on its design characteristics and manufacturing quality. For product improvement and quality control purposes, standardized tests are performed and system characteristic parameters are determined through statistical...

As natural gas becomes increasingly important in our daily life, studies have been carried out on trace elements such as mercury and arsenic within it. Other than those, the existence of radioactive gaseous radon from the combustion of natural gas indoors can cause severe diseases and damages to...

The development mode of mid-small cities in northern Jiangsu is analyzed on the Growth Pole theory. Depending on scales, endowment of resources, geographical positions, and industrial advantages of mil-small cities, we can divide the development mode of those mid-small cities within this context...