Artificial intelligence (AI) aims to supplement and even substitute for practically all tasks currently performed by humans. Under the drive of external forces and technological advances, AI is used in various domains. Among these, AI applications in finance is facing a promising future. This paper reviews...

The effectiveness of momentum strategies and contrarian strategies is an important component to reflect market characteristics. This paper employs the market adjustment model, which segmentally examines the effectiveness of the momentum strategies of the Shanghai stock market from July 2014 to April...

Decentralized enterprises, such as multinational enterprises (MNEs), adopt transfer prices to coordinate the strategies of the operating functional divisions and marketing divisions in a multinational environment. This paper analyzes the existence of profit transfer though transfer pricing among MNEs...

This paper takes an empirical study to examine and evaluate different effects on earnings management of four kinds of Executive power by taking the samples of 216 listed enterprises with equity incentive plan. Executive power was decomposed into four types: organization structure power, expert power,...

This paper exams how managerial power affect the governance effectiveness within the audit committee from the cases of A-share listed companies in 2013-2015. Studies show that the power erosion of the audit committee has a negative effect on the earnings quality of listed companies, while the management...

As a kind of market anomaly shared by various national stock markets, week effect has important research value in EMH study, and "black Thursday effect" is a part of all the week effects. In this paper, Shanghai Stock index and Shenzhen A share index were analyzed to verify the existence of week effect....

The risks of real estate finance are related to economic stability and financial development in a region. In Wenzhou real estate market, the falling house price and folk borrowing crash in recent years have increased the risks of real estate finance. Based on the data of Wenzhou statistical yearbook...

Dividend puzzle is the phenomenon that private investors take dividends and capital gains as two things and like dividends more. This problem was once a difficult problem of behavioral finance. However, with continuous development of traditional financial theory, dividend puzzle explicated by related...

Based on the revised Jones model, this paper studies the relationship between earnings management and other comprehensive income using the sample date of Chinese A-share listed companies in 2008-2015. It is found that the presentation of other comprehensive income can reduce the degree of earnings management...

The reduction of major shareholders of listed companies has always been the focus of the market, the important shareholders "clearance" reduction of the case is more common. As of today, the GEM in April 2016 to now, there are 479 listed companies, which have a significant reduction in the behavior of...

Interest rate risk emerges with the development of interest rate marketization in China, which makes rate risk management become more and more important. Interest rate risk sensitive gap is one of the most useful management tool to assess and control interest rate risk. This paper uses interest rate...

This paper calculates the risk spillover effect of China's securities companies based on the GARCH CoVaR model, and makes an empirical analysis on the contribution of 10 listed securities companies to the systemic risk of the securities industry. The study shows that the size of the risk spillover %CoVaR...

The core competitiveness of commercial banks is reflected in the ability of risk management, and the most important of all risk management is credit risk management. In addition, for commercial banks, real estate loans are a very important source of income, therefore, investment in real estate funds...

The development of behavioral finance makes the relationship between investor sentiment and stock market becoming the research center of academic circles. On the basis of some literatures, it is important to explain the relationship between investor sentiment and stock returns, which is important to...

This paper presents multiscale cross sample entropy (MSCE) analysis for the synchrony relationship between China stock markets and international crude oil price. Shanghai and Shenzhen Stock Exchange (SSE, SZSE) Composite Indexes are used to represent China stock markets. WTI (West Texas Intermediate...

Capital structure is directly related to the operating performance of commercial banks. Thus, the effect that a capital structure had on the operating performance draws the attention of the industry and academia. This paper used SPSS19.0 software, selected return on assets, non-performing loan ratio,...

Equity incentive is an effective long-term incentive system to solve the principal-agent problems appeared in the middle of the twentieth Century, making managers able to participate in corporate decision-making with the identity of shareholders, share the profits and risks. Equity incentive promote...

This paper empirically examines whether the Business Tax reformed to VAT policy has an impact on the bargaining power of reformed industry firms based on DID Model by using the A-share companies listed in both Shanghai Stock Exchange and Shenzhen Stock Exchange from 2010-2015. The bargaining power of...