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The impact of conventional energy markets on connectedness dynamics among eco-friendly assets 传统能源市场对生态友好型资产间关联动态的影响
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2024-03-04 DOI: 10.1080/10293523.2024.2312706
Oktay Özkan, Asil Azimli, Tomiwa Sunday Adebayo
This study examines the connectedness among eco-friendly assets and how volatility in fossil energy markets affects this connectedness. Using a broad coverage for eco-friendly assets such as a clea...
本研究探讨了生态友好型资产之间的关联性以及化石能源市场的波动如何影响这种关联性。本研究采用了广泛的生态友好型资产覆盖范围,如清洁能源和可再生能源。
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引用次数: 0
Do changes in star selection criteria affect analyst behaviour? 明星遴选标准的变化会影响分析师的行为吗?
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2024-03-01 DOI: 10.1080/10293523.2024.2312709
Karam Kim, Doojin Ryu, Jinyoung Yu
This study examines whether the star analyst selection criteria affect analysts’ coverage decisions and the informativeness of their reports. We focus on a change to the star evaluation criteria th...
本研究探讨了星级分析师评选标准是否会影响分析师的覆盖决策及其报告的信息量。我们将重点放在星级评估标准的变化上。
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引用次数: 0
Under- or -overreaction: Investors’ response to black swan events 反应不足或过度:投资者对黑天鹅事件的反应
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-12-02 DOI: 10.1080/10293523.2023.2269668
Luu Thu Quang
The objective of this study is to explore whether four categories of investors overreact or underreact to specific black swan events in the Vietnam Stock Exchange (HSX) and whether their trading pa...
本研究的目的是探讨四类投资者是否对越南证券交易所(HSX)的特定黑天鹅事件反应过度或反应不足,以及他们的交易是否…
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引用次数: 0
Pairs trading in cryptocurrency markets: A comparative study of statistical methods 加密货币市场的配对交易:统计方法的比较研究
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-12-02 DOI: 10.1080/10293523.2023.2268386
Po-Chang Ko, Ping-Chen Lin, Hoang-Thu Do, Yuan-Heng Kuo, Linh My Mai, You-Fu Huang
This study aims to identify a secure and efficient trading approach for investors in highly volatile cryptocurrency markets. While pairs trading is a promising strategy, the available literature on...
本研究旨在为高度波动的加密货币市场中的投资者确定一种安全有效的交易方法。虽然配对交易是一种很有前途的策略,但现有的关于……
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引用次数: 0
Rating to economic profit: Valuation properties, implementation issues, and the justification of target prices 对经济利润的评级:估值属性、实施问题和目标价格的合理性
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-11-26 DOI: 10.1080/10293523.2023.2269669
Apostolos Ballas, Grigoria Chlomou, Efthimios Demirakos
This study offers a comprehensive theoretical and empirical analysis of a fundamentals-based investment criterion (HSBC’s Rating to Economic Profit – REP). By employing a large sample of US-listed ...
本研究对基于基本面的投资标准(汇丰银行经济利润评级- REP)进行了全面的理论和实证分析。通过对在美国上市的…
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引用次数: 0
Quantile dependencies between exchange rate volatility and sectoral stock returns in South Africa 南非汇率波动与行业股票回报之间的分位数依赖关系
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-11-24 DOI: 10.1080/10293523.2023.2268372
Darren Mubaiwa, Ismail Fasanya
This study assesses the effect of USD-Rand exchange rate volatility on South African sectoral stock returns between 29 March 1996 and 28 July 2022. Using the quantile-on-quantile regression (QQR) t...
本研究评估1996年3月29日至2022年7月28日期间美元-兰特汇率波动对南非部门股票回报的影响。使用分位数对分位数回归(QQR) t…
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引用次数: 0
Tracing cancer evolution and heterogeneity using Hi-C. 利用Hi-C追踪癌症的进化和异质性。
IF 16.6 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-11-06 DOI: 10.1038/s41467-023-42651-2
Dan Daniel Erdmann-Pham, Sanjit Singh Batra, Timothy K Turkalo, James Durbin, Marco Blanchette, Iwei Yeh, Hunter Shain, Boris C Bastian, Yun S Song, Daniel S Rokhsar, Dirk Hockemeyer

Chromosomal rearrangements can initiate and drive cancer progression, yet it has been challenging to evaluate their impact, especially in genetically heterogeneous solid cancers. To address this problem we developed HiDENSEC, a new computational framework for analyzing chromatin conformation capture in heterogeneous samples that can infer somatic copy number alterations, characterize large-scale chromosomal rearrangements, and estimate cancer cell fractions. After validating HiDENSEC with in silico and in vitro controls, we used it to characterize chromosome-scale evolution during melanoma progression in formalin-fixed tumor samples from three patients. The resulting comprehensive annotation of the genomic events includes copy number neutral translocations that disrupt tumor suppressor genes such as NF1, whole chromosome arm exchanges that result in loss of CDKN2A, and whole-arm copy-number neutral loss of homozygosity involving PTEN. These findings show that large-scale chromosomal rearrangements occur throughout cancer evolution and that characterizing these events yields insights into drivers of melanoma progression.

染色体重排可以启动和驱动癌症进展,但评估其影响一直具有挑战性,特别是在遗传异质性实体癌症中。为了解决这个问题,我们开发了HiDENSEC,这是一种新的计算框架,用于分析异质样品中的染色质构象捕获,可以推断体细胞拷贝数改变,表征大规模染色体重排,并估计癌细胞分数。在用计算机和体外对照验证HiDENSEC后,我们用它来表征来自三名患者的福尔马林固定肿瘤样本中黑色素瘤进展过程中的染色体尺度进化。由此产生的基因组事件的综合注释包括破坏肿瘤抑制基因(如NF1)的拷贝数中性易位,导致CDKN2A丢失的全染色体臂交换,以及涉及PTEN的全染色体臂拷贝数中性纯合性丢失。这些发现表明,大规模的染色体重排发生在整个癌症进化过程中,对这些事件的描述有助于深入了解黑色素瘤进展的驱动因素。
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引用次数: 0
Does stock market liberalisation reduce earnings management? Evidence from China 股市自由化会减少盈余管理吗?来自中国的证据
4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-11-03 DOI: 10.1080/10293523.2023.2268368
Chen Song, Leqin Chen
ABSTRACTThis paper employs the Stock Connect programme to examine the impact of stock market liberalisation on the earnings management activities of listed firms in China. Using the time-varying difference-in-difference model, we find that both accrual-based and real earnings management activities decrease after firms join the Stock Connect programme. This reduction effect disappears once the firms leave the programme. These firms may even resume their earnings management activities. We further find that the participation of international investors, the improvement of the information environment, and the strengthening of monitoring power are potential transmission channels for this reduction effect.KEYWORDS: stock market liberalisationearnings managementcorporate governanceJEL CLASSIFICATION: G15G34M41 Disclosure statementNo potential conflict of interest was reported by the authors.Data availability statementThe data that support the findings of this study are available from CSMAR. Data are available from the authors with the permission of CSMAR.Notes1 A-shares, also called domestic shares, are denominated in Chinese yuan (RMB) and traded on the Shanghai, Shenzhen, or Beijing Stock Exchange. B-shares are denominated in foreign currencies and traded on the Shanghai or Shenzhen Stock Exchange. H-shares are the shares of mainland Chinese firms that are traded on the Hong Kong Stock Exchange (HKEX). The QFII programme allows qualified international institutional investors to invest in A-shares. The RQFII programme further allows qualified international institutional investors to invest in A-shares with offshore RMB. China–Japan ETF connectivity enables the listing of feeder ETFs of ETFs investing in Chinese or Japanese assets.2 Composition of the SC programme: all constituent stocks of the SSE 180 and 380 Indices, the SZSE Component Index, the SZSE Small/Mid Cap Innovation Index with a market capitalisation of at least RMB6 billion, and all other AH shares. AH shares refer to Chinese companies which are dual-listed in the A-share market and the HKEX.Additional informationFundingThis work was supported by the Macau University of Science and Technology Research Funding [Award Number: FRG-23-048-MSB] and Shenzhen Technology University.
摘要本文采用“沪港通”项目考察了中国股市自由化对上市公司盈余管理活动的影响。利用时变的差中差模型,我们发现在企业加入沪港通计划后,基于权责发生制和真实盈余管理活动都有所减少。一旦企业退出该计划,这种减少效应就会消失。这些公司甚至可能恢复盈余管理活动。我们进一步发现,国际投资者的参与、信息环境的改善和监督力量的加强是这种减少效应的潜在传导渠道。关键词:股票市场自由化;盈余管理;公司治理;el分类:G15G34M41披露声明作者未报告潜在利益冲突。数据可用性声明支持本研究结果的数据可从CSMAR获得。数据由作者提供,并得到CSMAR的许可。注1 a股,也称为国内股票,以人民币计价,在上海、深圳或北京证券交易所交易。b股以外币计价,在上海或深圳证券交易所交易。h股是指在香港证券交易所(HKEX)上市的中国内地公司的股票。QFII计划允许合格的国际机构投资者投资a股。RQFII计划进一步允许合格的国际机构投资者用离岸人民币投资a股。中日ETF互联互通使投资中国或日本资产的ETF的支线ETF能够上市沪深成分股项目构成:沪深180、380指数成分股、深证成分股、深证中小创指数成分股中市值不低于60亿元人民币的成分股,以及其他所有AH股。AH股是指在a股和港交所两地上市的中国公司。本研究得到了澳门科技大学研究基金[奖励号:FRG-23-048-MSB]和深圳科技大学的支持。
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引用次数: 0
Sector exposures in factor portfolios: Why neutralise when you can optimise? 要素投资组合中的行业风险敞口:当你可以优化时,为什么要中和?
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-10-18 DOI: 10.1080/10293523.2023.2253624
Andrew Paskaramoorthy, Emlyn Flint
Managing sector risk within factor portfolios has traditionally been viewed as a binary decision problem: to neutralise sector risk or not. Challenging this view, we introduce a novel conceptual fr...
传统上,管理因素投资组合中的行业风险被视为一个二元决策问题:是否中和行业风险。挑战这一观点,我们提出了一个新的概念…
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引用次数: 0
Leveraging defence into offence: enhancing absolute and risk-adjusted equity returns with tail risk management overlays 将防御转化为进攻:通过尾部风险管理覆盖,提高绝对和风险调整后的股本回报
IF 0.9 4区 经济学 Q3 BUSINESS, FINANCE Pub Date : 2023-09-15 DOI: 10.1080/10293523.2023.2245243
Bruno Schwalbach, Christo Auret
Research has shown that tail risk hedging using explicit option purchases and trend-following effectively mitigate equity tail risk. This paper demonstrates that these defensive qualities can be le...
研究表明,利用显性期权购买和趋势跟踪进行尾部风险对冲可以有效地缓解股票尾部风险。本文论证了这些防御特性是可以被去除的。
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引用次数: 0
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Investment Analysts Journal
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