... Keywords: Endogenous trading cost, Flight to liquidity, Flight to quality, Investment horizon, Investments, Investor heterogeneity, Stock markets, USA Xin Chen and Xian Chen This article originally appeared in Volume 2 Number 4, 2012, China Finance Review International...

... expectations, higher labor income risk or higher labor and financial market covariance risk. Research limitations/implications This study uses real economy investment return as a proxy of risky asset return. Practical implications Residents with higher background risks should hold less risky assets...

... investment risk preference of investors, with the decomposition and combination of bonds and options to connect the product investment returns with the price changes of reference interest rates, thereby increase the product yield or the expected productization of investors on the future trends of underlying...

...Shuang Xu; Ran Zhang Purpose The purpose of this paper is to investigate how to determine optimal investing stopping time in a stochastic environment, such as with stochastic returns, stochastic interest rate and stochastic expected growth rate. Design/methodology/approach Transformation...

... at: xah13605279591@126.com © Emerald Group Publishing Limited 2013 Institutional investors Involuntary trading behaviors Commonality in liquidity Stock price fragility Stocks Investments China Commonality in liquidity has great influence on stock markets. First, commonality in liquidity...

...Yiwen Fei; Xichi Xu; Rong Ding Purpose The purpose of this research is to empirically analyze the influence of the financial crisis on the investment behavior of sovereign wealth funds (SWFs). Design/methodology/approach Using 615 deals from 20 SWFs, a series of research are designed...

... in investors' investment horizon, and thus their sensitivity to changes in transaction costs in the stock and bond markets. When stock market deterioration results in higher trading costs, the existing marginal investor shifts wealth to bonds instead of remaining indifferent between stocks and bonds...

...Rongsheng Shi; Zhi Xu; Zhengrong Chen; Jing Huang Purpose The purpose of this paper is to theoretically and empirically explore the effects of attention levels on individual investors' investment return. Design/methodology/approach By introducing the heterogeneous attention, the authors first...

...Xiaodong Xu; Xia Wang; Nina Han Purpose The purpose of this paper is to analyze and examine the role of accounting conservatism on firm investment behavior in China. Design/methodology/approach By combining a developed theoretical framework and empirical study, this paper examines the impacts...

...Dongmin Kong; Tusheng Xiao; Shasha Liu Purpose The purpose of this paper is to explore the relations of investment and stock prices (Tobin‐Q), the impact of asymmetric information on the investment sensitivity to stock price, and the impact of asymmetric information on the stock price sensitivity...