This paper introduces current situations of agricultural insurance market in Shaanxi Province. It is indicated that development of Shaanxi's agricultural insurance industry is faced with following difficulties. First, risks of agricultural production are various, occurrence frequency is high and...

We examine the simultaneous management of hedge funds and funds of hedge funds. Hedge fund firms can choose to simultaneously offer a fund of hedge funds. Similarly, fund of hedge fund firms can simultaneously offer a hedge fund. We find that while superior past performance and larger size drive...

The article uses a sample of four state-owned commercial banks, ten joint-share commercial banks, and all foreign banks in China to examine the changes in market structure and financial performance (profitability) of Chinese commercial banks. The market structure appears to have some influence...

It is well known that random forests reduce the variance of the regression predictors compared to a single tree, while leaving the bias unchanged. In many situations, the dominating component in the risk turns out to be the squared bias, which leads to the necessity of bias correction. In this...

Recently, a task force formed by the People's Court of Leling county, with the help of county agencies in charge of business administration, taxation, health, and epidemic prevention, conducted a preliminary survey of contract disputes among individually owned small businesses across the county....

It was not until the 1970s that the idea of "service trade" was proposed and generally accepted as an independent and separate concept [in the field of international commerce]. Since then, however, the international service trade has grown by leaps and bounds; not only has it developed into one...

Using a proprietary database of currency trades, this paper explores the effects of trading gains and losses on risk-taking among large institutional investors. We find that institutional investors, unlike individuals, are not prone to the disposition effect. Instead, institutions aggressively...

This paper explores institutional investor trades in stocks grouped by style and the relationship of these trades with equity market returns. It aggregates transactions drawn from a large universe of approximately $6 trillion of institutional funds. To analyze style behavior, we assign equities...