Using NBER patent data and hedge fund holdings in U.S. firms during 1998-2006, we study the effect of hedge fund ownership on corporate innovation. We find that hedge fund ownership promotes both patent quantity and quality, even after controlling for endogeneity. This stimulating effect is more...

This article investigates whether and how changes in the world oil price affect the Canada/U.S. real exchange rate. We applied vector autoregression and vector error correction models for the real exchange rate, world oil price, monetary differential, government spending, and productivity...

Background: Elimination of poverty is an important part to achieve a comprehensive well-off in China, and financial means and tool play an important role in it. Methods: This paper employs credit capitalization model and future-oriented valuation method, uses the data from leading enterprise....

The emergence of dark pools facilitates trading with limited pre-trade transparency. This paper examines the impacts of dark trading and block trading on firm value using a sample of Australian stocks. We find that firms with more dark trading tend to have lower market valuation, while block...