... intelligence dictionary Double machine learning Financial mismatch Inefficient investment G30 C21 O30 G10 Major Project of the National Social Science Fund of China 25&ZD190 Yunnan Province Philosophy and Social Science Innovation Team 2025CX05 Yunnan Fundamental Research Major...

... rights only CSR Systemic risk Financial performance External supervision G01 G10 Since the 2008 Lehman Brothers failures, systemic risk has emerged as a key concern for regulators and market participants (Acharya et al., 2017 ; Jackson and Pernoud, 2021). This is due...

... of debt Broadband China Market competition G10 G30 Broadband network, with its high-speed internet connectivity, facilitates seamless communication, data exchange, and access to digital services, which is considered as a strategic public infrastructure. However, in the earlier years, China...

... Momentum and reversal trader Local equilibrium BH curve C60 D01 D90 G10 G40 From the time of Adam Smith’s Wealth of Nations in 1776, one recurrent theme of economic analysis has been the remarkable degree of coherence among the vast numbers of individual and seemingly separate decisions...

... assets, is used as the main measure of firm valuation. In robustness checks, we also measure firm valuations with logarithmic Tobin's q (LogTobinQ) or logarithmic market-to-book equity (LogMB). E24 G10 G12 G15 J24 We proxy firm city with the headquarter city by following...

... Scaled momentum strategies Volatility Investment horizon Persistence G10 G12 G15 The positive returns from momentum strategy have shown resilience over time for different asset classes and across distinct samples [ 1 ]. These positive returns can be attained by going long and short...

... Emerald Publishing Limited Licensed re-use rights only Lottery preference Gambling preference Stock market participation Baidu index G00 G10 H31 Even in developed economies, many households do not participate in the stock market, which is well known as the stock market...

... Publishing Limited Licensed re-use rights only Stock–bond return correlation Stock-gold return correlation Downside risk Economic policy uncertainty Geopolitical risk Safe haven G10 G11 G14 G15 This paper investigates the impact of changes in economic policy uncertainty...

... volatility FOMC Risk-neutral density Target rates G10 G15 The monetary policy decisions of central banks are well recognized to have strong influence on price movements in the financial market. The decisions are announced on known and scheduled dates; however, market participants do...

... Market competition Trade credit supply G10 G21 G32 Whether the managers’ rational pandering to shareholders’ investment intentions, their irrational optimism, or the herd effect formed by investors in various channels in the securities market, all will bring the same result...

... correlation, thus meanings that the data can represent the US market as a whole [3] . Options Stock Volatility Risk premium G10 G12 C53 Volatility is recognised as being central to asset pricing. An accurate forecast of future volatility delivers important information...

... is the average ratio of the stock price to the sum of the stock price and the dividend, and κ is a nonlinear function of ρ. © Emerald Group Publishing Limited 2016 Bounce-back effect Markov-Switching model Stock market returns Volatility feedback C22 G10 Recently...