China Finance Review International: Volume 12 Issue 4

Regime shifts in a long-run risks model of stock and treasury bond markets

Kai Li, Chenjie Xu

This paper aims to study the asset pricing implications for stock and bond markets in a long-run risks (LRR) model with regime shifts. This general equilibrium framework can not…

Can gold or silver be used as a hedge against policy uncertainty and COVID-19 in the Chinese market?

Thomas C. Chiang

The purpose of this study is to present evidence as to whether the use of gold or silver can be justified as an asset to hedge against policy uncertainty and COVID-19 in the…

Management geographical proximity and stock price crash risk

Xin Jin, Shangkun Liang, Junli Yu

This study provides empirical support for the cultural economics model between executive team and firm performance and offers important implications for policy selection and…

Stock market reactions to COVID-19 shocks: do financial market interventions walk the talk?

Mutaju Isaack Marobhe, Jonathan Mukiza Peter Kansheba

Following the COVID-19 outbreak, various economies imposed different financial interventions as part of initiatives to cushion their stock markets from deteriorating performance…

Bank competition, interest rate pass-through and the impact of the global financial crisis: evidence from Hong Kong and Macao

Jingya Li, Zongyuan Li, Ming-Hua Liu

The authors examine the interest rate pass-through in Hong Kong (HK) and Macao both in the long term and short term.