Using the data from the three waves (1995, 2002, and 2008) of the Chinese Household Income Project (CHIP), this paper investigates the impact of land tenure security on farmers’ labor market outcomes in rural China. To identify the effect of land tenure security, this paper used...

Stocks with higher forecast dispersion earn lower future returns and have a greater upward bias in the mean reported earnings forecast in the international markets. Both phenomena are stronger in countries with more transparent information environments, more developed stock markets, stronger...

Stocks with higher forecast dispersion earn lower future returns and have a greater upward bias in the mean reported earnings forecast in the international markets. Both phenomena are stronger in countries with more transparent information environments, more developed stock markets, stronger...

Contrary to the theoretical foundations of the asset-growth factor in both the Fama and French (2015) five-factor model and the q-factor model of Hou, Xue, and Zhang (2015), this study finds that investment level per se is not the reason asset growth is negatively associated with future stock...

This study quantifies the contributions of risk and mispricing to a comprehensive set of anomalies identified in the literature. Overall, risk and mispricing contribute equally to these anomalies; however, there is a wide variation across different categories. Mispricing is solely responsible...