Motivated by the recent debate on the implications of low <i>R</i>² in the U.S. market, we conjecture that lower <i>R</i>² is more likely to be associated with noise and low pricing efficiency because stock price tracks its fundamentals more loosely in a less efficient stock market such as China. We conclude...

This paper investigates the impact of CEOs' career experiences on corporate investment decisions. We hypothesize that CEOs with more diverse career experiences are less likely to be constrained by insufficient internal capital. The potential mechanism is that rich external experiences help CEOs...

This paper analyzes whether commodity futures prices traded in the United States reveal information relevant to stock prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive predictive powers of overnight futures returns of...

We provide an overview of selected recent operational applications of satellite remote sensing and marine Geographic Information Systems (GIS) procedures to the practice of sustainable aquaculture in southern Hokkaido, Japan, focusing mainly on kelp and scallop aquaculture. We also developed a...

We analyze China's sovereign debt by constructing balance sheets for China's government and public sector. We find that China's government debt-to-GDP ratio is lower than that of most large developed economies. We also find the debt-to-asset ratio of China's government and public sector...

The study of community networks has attracted considerable attention recently. In this paper, we propose an evolving community network model based on local processes, the addition of new nodes intra-community and new links intra- or inter-community. Employing growth and preferential attachment...

This paper proposes a new four-dimensional continuous autonomous hyperchaotic system, which is constructed based on a modified Lü system by introducing a nonlinear state feedback controller. The detailed dynamical behaviors of this hyperchaotic system are further investigated, including...

Macroeconomic policy making is a complex systematic process, which requires in-depth understanding of current economic situation, prediction of future economic trend, and proper policy evaluation measurements. Instruments of early warning, and policy simulation are often employed in...

The impact of extreme events on crude oil markets is of great importance in crude oil price analysis due to the fact that those events generally exert strong impact on crude oil markets. For better estimation of the impact of events on crude oil price volatility, this study attempts to use an...

We investigate collective behaviors of coupled phase oscillators on an extended network model which can develop two fundamentally different topologies, scale-free or exponential. Each component of the network is assumed as an oscillator and that each interacts with the others following the...