Taking the inflation into consideration and making use of the quarter data of the actual foreign investment, housing and land prices in China from 1998 to 2006, this paper examines the relationship between housing prices and international capital flows using Error Correction Model (ECM) and...

The extant literature offers extensive support for the significant role played by institutions in financial markets, but implicit regulation and monitoring have yet to be examined. This study fills this void in the literature by employing unique Chinese datasets to explore the implicit...

Rayleigh waves significantly compromise the safety of tunnel portals. This paper establishes a three-dimensional numerical model, with a plastic-damage model for the concrete lining structure, to analyze the damage evolution of the tunnel portal during the longitudinal propagation of Rayleigh...

The paper builds a causal network for the Chinese financial system based on the Granger causality of company risks, studies its different topologies in crisis and bull period, and applies the centrality to explain individual risk and prevent systemic risk. The results show that this causal...

Sector rotation strategy is very important in the equity portfolio management. The paper builds a principal component regression model to design a sector rotation strategy, and uses a four-factor model to evaluate its performance in a frictional market. We concretely analyzes the emerging...

This paper examines the effect of the lead independent directors who serve on audit committees on financial reporting quality and external audit firm interactions. Lead independent director is a position on companies' boards of directors that encompasses several responsibilities, including...

This paper examines the effect that lead independent directors serving on the board have on corporate tax policy. Through reviewing and approving board meeting agendas, lead independent directors (LIDs) could affect corporate tax policy by influencing the tax-related content in board meeting...