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Investing in What You Know:The Case of Individual Investors and Local Stocks
Stocks Local Range Investment Equity
2015/5/13
This paper tests the performance of individuals' equity investments. We study over 40,000 accounts and 950,000 trades from a large discount broker. Individuals invest heavily in local stocks and put 1...
Investing Overseas Without Moving Factories Abroad: The Case of Chinese Outward Direct Investment
Chinese outward direct investment Chinese style ODI ODI lifecycle
2014/1/25
Chinese outward direct investment (ODI) is unique in the sense that it starts in the early stage of economic development and does not move factories overseas. Empirical analyses using firm-level data ...
Many studies using micro data from the 1980s have found that China’s urban wage structure was extremely compressed (Byron and Manaloto, 1990, Knight and Song, 1991, Zhao 1997 and Liu, 1998). There is ...
I. IntroductionMany studies using micro data from the 1980s have found that China’s urban wage structure was extremely compressed (Byron and Manaloto, 1990, Knight and Song, 1991, Zhao 1997 and Liu, 1...