Financial institutions that issue commodity-linked notes hedge their liabilities by buying commodity futures. Henderson, Pearson and Wang (2015) show that these futures trades impact commodity futures prices and interpret this as evidence that uninformed financial flows into the commodity...

This paper analyzes the topology of the network of common asset holdings, where nodes represent managed portfolios and edge weights capture the impact of liquidations. We consider the degree centrality as the degree in the subnetwork of weak links, where weak links are those that lead to...

We investigate the economic determinants of contract structure and entry in an empirical setting with transfer contracts, which specify that manufacturers directly sell their products in retail stores while retailers collect the sales revenue and return a transfer to the manufacturers. Using a...

It is widely known that leading Chinese universities are actively seeking ‘world-class' status, and that numerous policies have been put in place as a means to achieve this goal. Two such policies have been identified as central, however; recruiting faculty who have been trained overseas, and...

The last three decades have witnessed great social, political and economic change in China since the market reforms in the late 1970s. A market economy was adopted as a replacement to the planned economy in order to allocate resources more efficiently. Consequently, higher education in China has...

Following calls for further research in education inequality beyond input and output measures, especially with a qualitative approach, and building on the implications of capability deprivation on equality (Unterhalter, 2003a; 2003b), we extend the findings of Sen's (1979; 1990; 1992; 2000) capability approach...

The popularity of international league tables has intensified the competition in the global higher education market. Countries across the world have been actively participated in the global ranking exercises, aiming to enhance competitiveness and reputation of their higher education systems...