China Finance Review International: Volume 9 Issue 4

Financial risk, uncertainty and expected returns: evidence from Chinese equity markets

Thomas C. Chiang

The purpose of this paper is to investigate the risk and economic policy uncertainty (EPU) shocks on China’s equity markets while controlling for changes in sentiments and…

On the day-of-the-week effects of Bitcoin markets: international evidence

Donglian Ma, Hisashi Tanizaki

The purpose of this paper is to examine the day-of-the-week effects of Bitcoin (BTC) markets on the exchange level from January 2014 to September 2018.

The impact of CEO pay and its disclosure on stock price crash risk: evidence from China

Jiahua Xu, Lan Zou

The purpose of this paper is to investigate whether CEO pay is related to stock price crash risk, and how ownership concentration mediates this relationship.

Economic validity analysis of housing reverse mortgages in China: The perspective of the financial decisions of the elderly

Wei Han, Yushi Jiang

The purpose of this paper is to empirically analyze the investment and pension functions of housing reverse mortgages (HRM) with redemption option and raise the participation…

China’s anti-corruption campaign, political connections and private firms’ debt financing

Yiming Hu, Mingxia Xu

The purpose of this paper is to shed light on the deleveraging impact of the anti-corruption campaign since the 18th National Congress of the Communist Party of China (CPC) on…

Market pricing of liquidity risk: evidence from China

Raheel Safdar, Mirza Sultan Sikandar, Tanveer Ahsan

The purpose of this paper is to investigate whether liquidity risk (i.e. the returns’ vulnerability to the unexpected changes in overall market liquidity) is a priced risk factor…