This paper combines the CRSP market index with multiple factors to create a single multifactor market index. Empirical tests of different multifactor market indexes indicate that: (1) Sharpe ratios substantially increase and GRS test statistics decrease as multifactors are incrementally added to...

The informed options trading hypothesis posits that option prices lead stock prices. In this paper, we extended the research on this hypothesis to open-market share repurchases. Empirical tests showed that the implied volatility spread was not significantly related to buy-and-hold abnormal stock...

This study explores the dependency structure of S&P 500 survivor stocks. Using a hand-collected sample of stocks that survived in the S&P 500 since March 1957, we employ rescaled/range analysis to investigate survivors. First, we find nonlinearities in the return processes of survivor stocks due...

Purpose The socialist construction with Chinese characteristics must be based on history and reality. According to the requirements of liberation and development of productivity, efforts must be made to reform and improve the production relations, as well as continually consolidate the socialist...

The purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects. First, the multidimensional factors of due diligence for fintech-based financing alternatives of green energy investment projects...

Infrastructure construction is one of the basic driving forces of social and economic development. Since 1978, the construction of infrastructure in the People's Republic of China (PRC) has experienced rapid development, which has given a strong impetus to the PRC's modernization. But behind the...

As China’s economic growth slows down and the pressure of the economic downward increases gradually, the agricultural and rural economic development faces more serious challenges. Fortunately, thanks to the China’s rural land certification, it guarantees the security and stability of...

The agricultural ecological environment is the premise and foundation of rural economic development and the rural economy is an important manifestation of the vitality of the agricultural ecological environment. Taking 14 prefecture-level cities in Guangxi as the research object, this paper...

Emerging modes of advanced air mobility are potential alternatives to current ground transport. This study proposes a service network design approach for the air metro, a pre-scheduled service with fixed routes that accommodate passengers for intra- or inter-city trips. The scenarios of...

This paper first estimates the energy efficiency of 13 cities and 30 key industries in the Beijing-Tianjin-Hebei (BTH) region between 2008 and 2017 using the super-efficiency slacks-based measure (SBM) model. Structural deviation, Moore index, and coupling coordination degree quantify the...