We study the presence and distribution of private information in neglected firm stocks using a measure of private information first suggested by Roll (1988). Our results suggest that there is no shortage of information on neglected firms for investors and that this private information forms part...

In recent years, there are a lot of research on humanities and social science, but these researches are more general and substantial, less innovative. This mainly due to the academic evaluation system is not perfect. Therefore, to build a scientific and reasonable evaluation system of humanities...

CSSCI (Chinese Social Sciences Citation Index) has a certain influence and reorganization in Chinese humanities and social sciences, this paper tries to analyze the reasons for the spreading influence and characteristics of CSSCI to explore application prospect of citation analysis. It is...

The effect of government ownership on firm performance remains a controversial issue, especially in a transitional economy like China. Government ownership is typically viewed as adversely affecting firm performance. This study of that of Mainland China's privatization experience indicates the...

We link up the findings of Abraham and Ikenberry (1994) and Wang, Li and Erickson (1997) by showing that negative Monday returns concentrate on days 18 to 26 of a month and they can be completely explained in the statistical sense by the negative returns on the previous Friday. More importantly,...