Social media not only is a new channel to obtain financial market information but also becomes the venue for investors to share and exchange investment ideas. We examine the performance consequences of providing monetary incentive to both existing and new amateur analysts on social media and its...

Using textual analysis for a large sample of analyst reports, we find that analysts are more likely to use a DCF model and to discuss more cash flow and discount rate information for firms with more uncertainty, especially under heightened aggregate economic uncertainty and bearish market...

Introduction -- A Study of the System of Capital from the Property Rights System and Its Evolution -- A Comparative Study of Marxist TPR and Modern TPR -- Institution, Institutional Change, and Economic Growth -- Property Rights Structure, Corporate Governance Structure and Its Issues in China...