Pulp and paper production, an energy-intensive process, is among the main light industries contributing to energy saving and pollution emission reduction in China. The improvement of energy efficiency is essential for energy consumption and sustainable development. This study analyzes the...

This paper examines the relationship among daily information flow, return volatility, and bid-ask spreads based on the framework of the Mixture of Distribution Hypothesis (MDH). The MDH model is modified to permit separate effects of informed and liquidity trading volume on return volatility....

This unique book intends to provide a focused analysis of the main Chinese industrial sectors through case studies, data analysis and review of new state-initiated policies. In response to the global economic crisis in the short run and to cope with the existing structural problems of production...

Water and sediment samples were collected from 45 lakes along the middle-lower Yangtze River, China. Each lake was sampled seasonally, over a period of one year. Water quality variables and metals in sediments were measured. Lakes along the lowest part of the river, within the Yangtze River...

This paper examines short‐run information transmission between the U.S. and U.K. markets using the S&P 500 and FTSE 100 index futures. Ultrahighfrequency futures data are employed—which have a number of advantages over the low‐frequency spot data commonly used in previous studies—in...

This study examines the effect of cash market liquidity on the volatility of stock index futures. Two facets of cash market liquidity are considered: (1) the level of liquidity trading proxied by the expected New York Stock Exchange (NYSE) trading volume and (2) the noise composition of trading...