The heavy reliance of Chinese local governments on land transfer revenues, which is termed land finance, has received much attention from researchers, practitioners and policy makers. Using a large sample of industrial firms, we explore the impact of local governments' dependence on land finance...

The study investigates the impact of arbitrage opportunities on feedback trading using intraday 5-minute Bitcoin futures and spot prices. The study uses quantile regressions to capture different market conditions and the conditional distribution of returns and finds episodic cases of positive...