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Ease-of-processing Heuristics and Asset Prices : Evidence from the Exchange-traded Repo Market in China

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Prior to May 22, 2017, trading information displayed on certain days of the week and on days prior to market-closed holidays required investors in Chinese exchange-traded repos to infer repos' actual maturities to place orders at appropriate rates. Repo rates on these days exhibited remarkable...

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The decreasing value of non‐SOEs’ political connections during China’s anti‐corruption campaign : evidence and mechanism

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Fragmentation of licensing right, bargaining and the tragedy of the anti-commons

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