We show that the positive relation between institutional ownership and future stock returns documented in Gompers and Metrick () is driven by short-term institutions. Furthermore, short-term institutions' trading forecasts future stock returns. This predictability does not reverse in the long...

We show that the positive relation between institutional ownership and future stock returns documented in Gompers and Metrick (2001) is driven by short-term institutions. Furthermore, short-term institutions' trading forecasts future stock returns. This predictability does not reverse in the...

The Chinese inflation of 1949-1950 was fueled by large budget deficits but was ended in March 1950 before significant deficit reduction occurred. We discuss the fiscal strains that gave rise to this inflation and consider the role played by early Communist market-based anti-inflationary measures...

In view of the importance of deliberate R&D activities in achieving productivity gain via exports for firms in developing economies, this study explores a potential complementarity between firms' decision to export or to invest in R&D empirically. The evidence from Chinese manufacturing firms...

Risk for an organization is associated with uncertainties in all areas of its operations. As firms move toward global sourcing, supply chain risk increases dramatically, which is linked to lower financial performance and market value. One major type of supply chain risk is disruptions caused by...

Academic productivity and research funding have been hot topics in biomedical research. While publications and their citations are popular indicators of academic productivity, there has been no rigorous way to quantify co-authors’ relative contributions. This has seriously compromised...

Selective catalytic reduction (SCR) of NO from simulated flue gas by ammonia with Fe2O3 particles as the catalyst was performed using a magnetically fluidized bed (MFB). X-ray diffraction (XRD) spectroscopy and Brunauer–Emmett–Teller (BET) method were used to analyze Fe2O3 catalyst....

A new model is proposed to investigate the structure of electricity price in different time periods. A popular method — the multifractal detrended fluctuation analysis (MF-DFA) method is employed to analyze the features achieved from three types of electricity price data after filtering some...

A 50kg/h autothermal two-stage gasifier, consisting of a fluidized bed (FB) pyrolyzer and a downdraft fixed-bed gasifier, has been designed and built according to our previous laboratory researches. In the experiments, lignite gasification was performed in this innovative two-stage gasifier to...

This paper provides new evidence of regional warming trends from local Chinese observations covering the period 1951–2010. We used satellite-derived land data and weighted urban and rural temperature records (a weighted method) and estimate the regional warming trend, which involves natural...