We examine whether institutional investors with different investment horizons exert different influences on a stock's liquidity effects. Our findings show that stocks increased by short-term institutions become more liquid while stocks increased by long-term institutions become less liquid....

We use a large laboratory experimental data involving 2,118 Chinese subjects from Singapore and 1,260 Chinese subjects from Beijing and 400 Jewish subjects from Israel to investigate gender and country difference in altruistic giving using the Andreoni-Miller dictator game (AMDG). Our results...

This study highlights the effects of policy deliberation and enactment, vis-à-vis policy implementation that is often the focus of policy analysis and evaluation. We study the building benchmarking law in Philadelphia that requires mandatory reporting, benchmarking and disclosure of commercial...

The United States Patent and Trademark Office (USPTO) grants many weak patents that would be ruled invalid if subjected to more thorough scrutiny. Some observers see weak patents as evidence of the need for allocation of more resources to increase the accuracy of patent examinations. Others...