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Dynamic Competition, Price Frictions and Institution Building: the CMA in 2022–2023
This article discusses three projects of economic significance that the Competition and Markets Authority (CMA) completed in the last year: First, we...
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Recent Developments at the CMA: 2021–22
This article discusses three important pieces of work that the Competition and Markets Authority has completed over the last year. The first two are...
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Recent Developments at the CMA: 2020–2021
We discuss three important projects that economists at the Competition and Markets Authority have completed over the past year. First, our work on...
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Recent Developments at the CMA: 2019–2020
We discuss three important cases that the Competition and Markets Authority (CMA) has completed over the past year: First, the coronavirus pandemic...
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Recent Developments at the CMA: 2018–2019
We discuss three important cases that the Competition and Markets Authority (CMA) has completed over the past year: The first two cases—the...
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Guidance of National Determined Contributions in the Rulebook of the Paris Agreement and Its Implications for China
The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) and the Conference of the Parties serving...
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Influence of Covid-19 on Consumption Related Industries of US Stock Market
Plenty of scholars have made great contributions to asset pricing theory and continue to try to find the best model to obtain the average return of...
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Analysis of Agriculture Industry Based on Fama-French Model Under COVID-19
COVID-19 is a severe global epidemic that began in 2019 and caused plenty of effects on people’s lives in various industries. Agriculture is one of...
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Recent Developments at the CMA: 2017–2018
We describe three interesting cases that the UK Competition and Markets Authority (CMA) has dealt with over the past year: first, we discuss the...
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The CMA’s assessment of customer detriment in the UK retail energy market
In 2016, the UK Competition and Markets Authority (CMA) found that “weak customer response” enabled incumbent UK energy retailers to set higher and...
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The Empirical Analysis of Asset Pricing Models in the Asia-Pacific Stock Market Under COVID-19
Through comparative analysis, this paper verifies that Fama and French Five-Factor Model (FF5) is more explanatory than other asset pricing models in...
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An Empirical Analysis of Asset Pricing Models
This paper presents a comparative analysis of three asset pricing models, namely, the Capital Asset Pricing Model (CAPM), the Fama-French Three...
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Role of human assets in measuring firm performance and its implication for firm valuation
The purpose of the study is to evaluate the role of human asset in firm performance and its implication for firm valuation. To do so a modified...
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An Empirical Analysis of the Causal Relationship Between Equity Incentives and Idiosyncratic Volatility in Chinese A-Share Listed Companies
In recent years, the relationship between equity incentives (EI) and idiosyncratic volatility (IV) has become an increasingly important topic in...
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The role of industry membership and monetary policy in generating the size effect
We examine how the small-minus-big (SMB) size premium changes when firms from different industries are included and excluded from its calculation....
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Post-Earnings Announcement Drift, Momentum, and Contrarian Strategies in the Saudi Stock Market: Risk Explanation vs. Behavioral Explanation
We studied the strategies exploiting the post-earnings announcement drift, the momentum, and the long-term return reversal in the Saudi stock market...
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Evolution and Challenges of the Global Climate Governance System
After a brief review of the history about how the legal framework of global climate governance is established, this paper analyzes the main content...
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Asset pricing in the Brazilian financial market: five-factor GAMLSS modeling
We model asset prices in Brazil using the five-factor asset pricing model. We show that Gaussian regression models fail to capture the full data...
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Economic Analysis of Horizontal Agreements and Vertical Agreements (Section 3)
Horizontal agreements between competitors are normally associated with cartels but can refer to any anti-competitive agreements. Vertical agreements...