Purpose: The purpose of this paper is to investigate the impact of factor-based trading strategies on pricing and volume. Design/methodology/approach: The authors employ a regression discontinuity approach to identify abnormalities in volume or pricing around expected portfolio changes. In...

Past literature has proven that liquidity plays a role in stock pricing, but our study shows that this role is remarkably bigger during an unstable period – the subprime crisis. The market became more sensitive to illiquidity costs and investors were paying a higher premium in crisis than in...

Contents: 1. Introduction -- 2. Some key points of the solar photovoltaic sector -- 3. Sector evolution under innovation cascade -- 4. The catch-up of the Chinese solar pv sector -- 5. Anchored clusters: the rise and fall of solar pv -- 6. Star scientists in pv technology and the limits of...

"The solar photovoltaic sector is moving forward very fast, both in terms of its own technological advancement and its standing among global renewable energy technologies. Rapid increases in solar cell efficiencies, fast technical change in solar batteries and solar glass, and economies of scale...