We study which characteristics provide incremental predictive information for the cross-section of expected returns in the Chinese stock market. Our results provide empirical evidence for strong nonlinear relations between expected returns and selected characteristics, especially in the Trading...

In this paper, we find that the upside asymmetry calculated based on a new distribution-based asymmetry measure proposed by Jiang, Wu, Zhou, and Zhu (2020) is negatively related to average future returns in the crosssection of Chinese stock returns. By contrast, when using a conventional...

We study which characteristics provide incremental predictive information for the cross-section of expected returns in the Chinese stock market. Our results provide empirical evidence for strong nonlinear relations between expected returns and selected characteristics, especially in the trading...

There has been a steady growth of goodwill impairments in the Chinese stock market since the adoption of the impairment approach in accounting. The influence of goodwill impairments on a firm's financial position and profitability give reason to doubt its current and future performance. We...