This study investigates the response of returns and volume to different information shocks in China's commodity futures markets using bivariate moving average representation (BMAR) and bivariate vector autoregression (BVAR) methodologies. Consistent with the conclusions from stock market studies...

This study investigates the efficiency of the Chinese metal futures (i. e. copper and aluminum) traded on China's Shanghai Futures Exchange. First, we thoroughly analyze the development of China's commodity futures markets, which provides a fundamental background. Then we examine the random walk...

We investigate performance effects for China's listed firms when there is a change in the controlling shareholder. These changes include ownership transfers from one state entity to another state entity and from a state entity to a private entity. We find positive performance effects when...

This study examines the relationship between returns and trading volume of four actively traded commodity futures contracts in China. Correlation analyses and Granger causality tests are used to investigate contemporaneous and lead-lag relationships between trading volume and both signed and...

We study the economic role of banks’ soft information, which evolved from repeated lending relationships, in the context of loan default. Using a proprietary database from one of the largest state-owned commercial banks in China, we find that the bank’s internal credit rating scores play a...

Numerous studies about the ground source heat pump building heating and cooling systems have been constructed in office building, hotel, residential building and school et al. However, few researches about the constant temperature and humidity air-conditioning system driven by ground-coupled...

Plastic film mulching is widely employed to improve crop yields. Mulching for the entire crop growth period is a widespread practice. However, a shorter plastic film mulching duration is suggested for obtaining larger grain yield recently. To quantify the effects of plastic film mulching...

During the past few decades, a large number of ground-coupled heat pump (GCHP) systems have been widely applied in various buildings around the world due to the attractive advantages of high efficiency and environmental friendliness. However, most buildings in warm-climate or cold-climate areas...

This article explores the dynamics of market selection by investigating of the relationships linking productivity, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find that productivity variations, rather than relative...