This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...

We examine takeover auctions when an informed bidder has better informationabout the target value than a rival and target shareholders. The informed bidder'sinformation is either hard or soft, and only hard information can be credibly disclosed.We show that withholding information creates a...

We examine the corporate governance roles of information quality and the takeover market with asymmetric information regarding the value of the target firm. Increasing information quality improves the takeover efficiency, however, a highly efficient takeover market also discourages the manager...

The Lower Paleozoic reservoir in the Micangshan tectonic zone is a new shale gas exploration area with excellent potential. However, the hydrocarbon migration and accumulation histories of this reservoir have not been thoroughly elucidated and urgently require further research. Fluid inclusions...