This paper examines the relation between political turnover and cash holding of listed-firms in an emerging market.Using a hand-collected dataset on changes
We find consistent evidence that institutional shareholders influence firms to engage in better CSR performance using two separate quasi-natural experiments
In understanding risk-return relation and in predicting market return,we find the strong predictive power among the industry correlation and variance in exp
This paper studies the optimal portfolio selection problem in jump-diffusion models where there are potentially a large number assets and/or state variables