We develop a non-linear Markov error correction approach to examine the general co-integration relation between the H- and A-prices of cross-listed Chinese stock issuers across the period January 1999 to March 2009. We unravel three important dimensions of this relation. These pertain to (i) the...

Chen Y. P., Liu M. and Zhang Q. Development of financial intermediation and the dynamics of urban-rural disparity in China, 1978-1998, Regional Studies. This paper focuses on the impacts of financial intermediation development on the urban-rural income disparity (URID) in China. Using a...

This paper describes an integrated surface–subsurface modeling study of the Fuxianhu Lake catchment (southwest China). Pollution threats to this important water resource have led to the need to evaluate transport pathways and the overall water balance of the catchment. Catchment inputs to the...

Cellulosic ethanol made from cellulosic biomass is a promising alternative to petroleum-based transportation fuels. Enzymatic hydrolysis is a crucial step in cellulosic ethanol production. In order to better understand the mechanisms of enzymatic hydrolysis, relationships between cellulosic...

Non-catalytic direct conversion of liquid natural gas (LNG) to syngas and ethylene using pulse discharge technology was firstly carried out under the temperature of liquid nitrogen and atmospheric pressure. The liquefaction of natural gas increased tremendously the collision frequency between...

In the present study, an integrated planning model was developed to find economically/environmentally optimized paths toward future smart electricity systems with high level penetration of intermittent renewable energy and new controllable electric devices at the supply and demand sides...

The main products of lignin degradation are phenolic compounds. It is meaningful to study the processes by which cyclohexane is produced from phenolic compounds via hydrodeoxygenation (HDO), because it could be used as fuel additives, chemical feedstock and solvent. In this work, support...

We examine how information risk and transaction costs influence the initial and subsequent market reaction to earnings news. We find that the initial market reaction is higher per unit of earnings surprise for higher information risk firms (information content effect). Furthermore, it is...