This paper investigates the impact of public-listing age on the future operating performance of Chinese firms making initial public offerings (IPOs) during the period 1998-2010 and examines whether accounting accruals contribute to this impact. We found that, on average, public-listing age has a...

This paper deals with a stabilization problem for a class of dynamical complex networks with each node being a general Lur’e system. Based on a Lur’e–Postnikov function and a special decentralized control strategy, the problem of designing a linear feedback controller such that states of...

This study develops a consumption-based asset pricing model in which domestic consumers can buy goods from domestic and foreign markets but can only invest in domestic markets. In this model, the exchange rate influences asset prices through the marginal utility of consumption and increases the...

Plantation forests are the most effective and ecologically friendly way of absorbing CO2 and increasing carbon sinks in terrestrial ecosystems; mitigating global warming and beginning ecological restoration. China's forestation rate is the highest in the world, and contributes significantly to...

This paper is concerned with the problem of global synchronization for a class of dynamical complex networks composed of general Lur’e systems. Based on the absolute stability theory and the Kalman–Yakubovich–Popov (KYP) lemma, sufficient conditions are established to guarantee global...

Motivated from Fama’s (1991) conjecture of an explicit link between the cross-sectional and time-series stock return predictability, we investigate whether the investment factor constructed from the cross-section of stocks also has time-series predictive power for stock returns within...