China Finance Review International: Volume 13 Issue 1

Equilibrium policy portfolios when some investors are restricted from holding certain assets

Otto Randl, Arne Westerkamp, Josef Zechner

The authors analyze the equilibrium effects of non-tradable assets on optimal policy portfolios. They study how the existence of non-tradable assets impacts optimal…

Temporal changes in global stock markets during COVID-19: an analysis of dynamic networks

Kashif Zaheer, Faheem Aslam, Yasir Tariq Mohmand, Paulo Ferreira

COVID-19 evolved from a local health crisis to a pandemic and affected countries worldwide accordingly. Similarly, the impacts of the pandemic on the performance of global stock…

Lottery preference and stock market participation: evidence from China

Tingting Zhang, Desheng Wei, Zhifeng Liu, Xihao Wu

This paper studies the effects of lottery preference on stock market participation at the macro level.

Public pension and borrowing behavior: evidence from rural China

Conglong Fang, Qinghua Shi

The purpose of this paper is to investigate how China's rural public pension affects farmers' formal borrowing, which has always been rationed.

The dynamic interaction between investor attention and green security market: an empirical study based on Baidu index

Yang Gao, Yangyang Li, Yaojun Wang

This paper aims to explore the interaction between investor attention and green security markets, including green bonds and stocks.

How does investor sentiment impact stock volatility? New evidence from Shanghai A-shares market

Dejun Xie, Yu Cui, Yujian Liu

The focus of the current research is to examine whether mixed-frequency investor sentiment affects stock volatility in the China A-shares stock market.

Does governance quality matter in the nexus of inclusive finance and stability?

Mallika Saha, Kumar Debasis Dutta

Despite numerous evidence of policy trade-off in financial inclusion-stability nexus, little is known about the role of governance quality to align policy goals and maximizing the…

The role of model bias in predicting volatility: evidence from the US equity markets

Yan Li, Lian Luo, Chao Liang, Feng Ma

The purpose of this paper is to explore whether the out-of-sample model bias plays an important role in predicting volatility.