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Scientific and technological flows between the United States and China : prepared for the Office of the Secretary of Defense

Schmid, Jon; Edenfield, Nathaniel - National Defense Research Institute <Santa Monica, Calif.> - 2023

States and China is contested. Scientific and technological dominance-the prize of this competition-has been recognized as a … investigated three types of flows between the United States and China: the inflow of U.S. technology inputs into Chinese military … technology, the bilateral movement of scientific researchers between the United States and China, and scientific collaboration …

Persistent link: https://www.econbiz.de/10014437949

The Chinese Warrants Bubble : Evidence from Brokerage Account Records

Pearson, Neil D. - 2020

We use brokerage account records to study trading during the Chinese put warrants bubble and find evidence consistent with extrapolative theories of speculative asset price bubbles. We identify the event that started the bubble and show that investors engaged in a form of feedback trading based...

Persistent link: https://www.econbiz.de/10012855245

The Real Value of China's Stock Market

Carpenter, Jennifer N. - 2018

This paper shows that, counter to common perception, stock prices in China are strongly linked to firm fundamentals …. Price informativeness is significantly correlated with corporate investment efficiency. For international investors, China …

Persistent link: https://www.econbiz.de/10012929566

Can Innovation Help Existing Firms Resist Shock from New Stock Issuance? Evidence from the Launch of China’s STAR Market

Yan, Chao; Wang, Jiaxin; Feng, Yi - 2022

The launch of China’s STAR market (officially known as the Science and Technology Innovation Board of Shanghai Stock …

Persistent link: https://www.econbiz.de/10013405246

Market Integration and Asset Prices : Evidence from the Inclusion of China A-Shares in MSCI Global Indices

Li, Bo; Sun, Qian - 2022

We examine the stock price reactions to the mass inclusion of China A-shares in the Morgan Stanley Capital …

Persistent link: https://www.econbiz.de/10013292527

Do Sell-Side Analysts Say "Buy" While Whispering "Sell"?

Hirshleifer, David; Shi, Yushui; Wu, Weili - National Bureau of Economic Research - 2022

We examine how sell-side equity analysts strategically disclose information of differing quality to the public versus the buy-side mutual fund managers to whom they are connected. We consider cases in which analysts recommend that the public buys a stock, but some fund managers sell it. We...

Persistent link: https://www.econbiz.de/10013210060

Growth Tilt of Chinese Stock Mutual Funds

Chi, Yeguang - 2018

We show that Chinese actively managed stock mutual funds persistently exhibit a preference for growth stocks over value stocks, despite the fact that value stocks outperform growth stocks on average. Moreover, funds with a growth tilt do not under-perform their value-oriented peer funds. To...

Persistent link: https://www.econbiz.de/10012915752

Coreversal : The Booms and Busts of Arbitrage Activities in China

Liu, Xin; Qiu, Zhigang; Shen, Luyao; Zheng, Weinan - 2022

This paper investigates arbitrage activities in China’s stock market to examine whether arbitrageurs destabilize stock …

Persistent link: https://www.econbiz.de/10013406050

Fiduciary Finance : Investment Funds and the Crisis in Financial Markets

Gold, Martin - 2012

This multi-faceted analysis of institutional investment defines fiduciary finance institutions as the third pillar of the financial system, alongside banks and insurers. It documents the role played by investment funds and the money management industry during the recent financial crisis, and...

Persistent link: https://www.econbiz.de/10013115823

Big Data as a Governance Mechanism

Zhu, Christina - 2019

This study empirically investigates two effects of alternative data availability: stock price informativeness and its disciplining effect on managers' actions. Recent computing advancements have enabled technology companies to collect real-time, granular indicators of fundamentals to sell to...

Persistent link: https://www.econbiz.de/10012899541