In this paper, we introduce the MSCI China A-shares index (MCASI) and analyze MCASI’s properties. From the perspective of index investment, we found that MCASI’s investor sentiments, both overnight sentiment and BW sentiment, provide significant predictability for future MCASI returns,...

At the end of 2019, the outbreak of the COVID-19 has a huge impact on China and the world economy, highlighting the vulnerability of the economy in the face of major shocks. The capability to resist pressure and risk of economic resilience can significantly improve the capability of the economy...

This article explores the impact of language proficiency on international trade by using panel data analysis. To do so, we construct a time-variant test-score-based measure of common language. Controlling for the standard gravity model variables, we find strong empirical evidence that English...

The high cost of medical care and its association with poverty have given rise to a growing concern for developing countries, but how insurance plans affect household income and alleviate poverty has been rarely discussed. This study aims to bridge this research gap by examining a medical...

Appropriate risk sharing is crucial for the successful implementation of Public-Private Partnership projects. However, under different social systems, the international community lacks a clear risk-sharing framework in Public-Private Partnership research. This study employs a multi-case study...