This paper investigates the relationship between firm performance and corporate governancein China. Firm performance is measured by Tobin's Q, while corporate governance is determinedbased on ownership structure and concentration. Prior research, in both China and elsewhere,indicates that...

Abstract: In this trading strategy study, we ask three questions. ? does momentum exist in foreign exchange markets? ? what is the impact of transaction costs on excess returns? ? can a consolidated trading signal garner excess returns and if so, what is the source of such returns? Using total...

We investigate whether the two 2 zero cost portfolios, SMB and HML, have the ability to predict economic growth for markets investigated in this paper. Our findings show that there are only a limited number of cases when the coefficients are positive and significance is achieved in an even more...