Over the last 3 decades, the product, labor, and capital markets of the People’s Republic of China have become gradually more integrated within its borders, though integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and cities in the...

This dissertation is a collection of essays on Asset Pricing: Predictability, Information, and Liquidity. The ?rst chapter, ?Predictability of Equity Returns over Di?erent Time Horizons: A Nonparametric Approach? aims to test an important hypothesis in ?nan, cial economics: whether equity...

Under the condition of the finite sample or the unknown distributed error term, testing for spatial dependence in panel data models is an unresolved problem in spatial econometrics. In this paper, a fast double bootstrap (FDB) method is used to construct bootstrap Moran's I tests for Moran's I...

Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and Chinese cities tend to be under-sized by...

This paper undertakes an intraday analysis of related investment vehicles traded in the NYSE and AMEX. This paper investigates how the trading behaviors of three related investment vehicles (American Depository Receipt, Exchange-traded Fund, and Closed-end Fund) differ across countries using...

Using account level credit-card data from six major commercial banks from January 2009 to December 2013, we apply machine-learning techniques to combined consumer-tradeline, credit-bureau, and macroeconomic variables to predict delinquency. In addition to providing accurate measures of loss...

Ultrafine CoSe2 nanoparticle/porous silicon oxycarbonitride composite (CoSe2/P-SiOCN) is developed as modifying material of separator to improve the electrochemical performance of lithium-sulfur batteries by promoting polysulfides (LiPSs) trapping and the redox kinetics of sulfur species....

The extreme economic conditions exhibited during the COVID-19 pandemic in 2020, in conjunction with the historic government policy response, posed an enormous challenge to the accuracy of credit-loss forecasting models trained on loan performance data prior to the pandemic. In this paper, we...