This paper investigates bond return predictability and its economic value. Using regression models, we first examine both the statistical and economic significance of bond return predictability in the Chinese market, and analyze the non-Markov and stochastic volatility properties of bond yields....

This study explores the impact of patented innovation on downside stock tail risk, measured as the value at risk (VaR) and expected shortfall (ES) (Atilgan et al., 2020). Using the sample of all listed firms in China's A-share market from 2007 to 2020, we find that, first, the quantity and...

Purpose – Reverse innovation plays an important role in the innovation catch-up by latecomer enterprise. With the development of economic globalization, reverse innovation of the latecomer enterprise research has received increased attention day by day. The purpose of this paper is to reveal...