Chinese Abstract: A股关联公司的股票动量溢出效应研究:...

The English version of this paper can be found at "http://ssrn.com/abstract=3486211" http://ssrn.com/abstract=3486211.Chinese Abstract:...

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...

The restriction of short-sale prices, which stated that short-sale prices must not be lower than the closing price of the previous trading day, no longer applies to the constituent stocks of the Taiwan Top 50 Index. This study investigates the abnormal returns and volatility changes of those...

Chinese abstract: 我们发现了半均衡定价方法，它先求解投资者的最优组合，这一步与均衡定价方法一致，但半均衡定价的第二步只使用市场出清条件的一部分而不是全体约束。据此，我们揭示了 CAPM...

Chinese Abstract: 风险教条认为资产价格是由某种风险决定的，而均衡定价认为是由供需均衡决定的。基于 CAPM...

Chinese Abstract: 如果每个投资者投入市场组合的金额增加一倍，那么市场组合的总市值将增加一倍。此时，市场组合的权重仍然保持不变吗？答案是否定的，作为半均衡定价的 CAPM...