China Finance Review International: Volume 8 Issue 1

Does a unique “T+1 trading rule” in China incur return difference between daytime and overnight periods?

Xundi Diao, Hongyang Qiu, Bin Tong

The purpose of this paper is to examine the difference between the daytime (open-to-close) and overnight (close-to-open) returns of CSI 300 index and its derivative futures.

Are Chinese market-neutral strategy hedge funds really market neutral?

Xucheng Huang, Jie Sun

The purpose of this paper is to empirically analyze the “market-neutral” characteristics of the market-neutral strategy hedge funds in Chinese A-share market.

Validity of generalized compensation contract for PPP project with consideration of private fair reference depending on concession profit

Xiaoling Wu, Yichen Peng, Xiaofeng Liu, Jing Zhou

The purpose of this paper is to analyze the effects of private investor's fair preference on the governmental compensation mechanism based on the uncertainty of income for the…

The impact of cash flow volatility on firm leverage and debt maturity structure: evidence from China

Zulfiqar Ali Memon, Yan Chen, Muhammad Zubair Tauni, Hashmat Ali

The purpose of this paper is to investigate the influence of cash flow volatility on firm’s leverage levels. It also analyzes how cash flow volatility influences the debt maturity…

The co-movement and causality between housing and stock markets in the time and frequency domains considering inflation

Jiaojiao Fan, Xin Li, Qinghua Shi, Chi-Wei Su

The purpose of this paper is to examine the causal relationship between Chinese housing and stock markets. The authors discuss the three transmission mechanisms between the two…

On the survival of earnings fixated traders in an informational environment

Guo Ying Luo

The purpose of this paper is to examine the long-run survival of earnings fixated traders.