This paper finds positive evidence of return predictability and investment gains for individual corporate bonds for an extended period from 1973 to 2017. Our sample consists of both public and private company bond observations. We have implemented multiple machine learning methods and designed a...

This article explores why the economic caseloads in China have declined in recent years. Based on data collected at the national, provincial, and local levels, it evaluates four possible explanations - structural changes in dispute resolution, economic development, social transformation, and...

Drawing on fieldwork investigations of shoe manufacturers in Southeast China, this article provides empirical evidence for understanding their taxpaying practices. We find that since the legitimacy of tax law is largely absent amongst business taxpayers, instrumental considerations dominate...

Schwertmannite is a promising material for environmental applications with excellent for metal oxygen anions. The acid mine drainage (AMD) rich in iron and sulfate ions could be mineralized into schwertmannite to achieve resource recycling while purifying water quality. Conventional chemical...

We introduce a class of interpretable tree-based models (P-Tree) for analyzing (unbalanced) panel data, with iterative and global (instead of recursive and local) split criteria. We apply P-Tree to split the cross section of asset returns under the no-arbitrage condition, generating a stochastic...

Existing literature regards flexibility and authority as key characteristics of informal justice. We further contend that the combination of the two is crucial for informal justice to be effective. We investigate the process of dispute resolution by a Chinese labor agency. Following the life...

Drawing from detailed courtroom discourses on divorce cases in China, this article provides a micro-level comparison between two styles of case handling: mediatory and legalistic. The two styles differ in discourse multiplicity, discourse interchange, interruption, and dispute processing. It...

Based on in-depth fieldwork investigations and extensive interviews, this article demonstrates that adjudication has replaced mediated reconciliation and become the dominant way of handling seriously contested divorce petitions in contemporary China. Specifically, for first-time petitions,...