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China's Secondary Privatization: Perspectives from the Split-Share Structure Reform
The Split-Share Structure Reform granted legitimate trading rights to the state-owned shares of listed state-owned enterprises (SOEs), opening up the gate to China׳s secondary privatization. TheExpand
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Policy Uncertainty and Household Credit Access: Evidence from Peer-to-Peer Crowdfunding
This paper studies how policy uncertainty affects household credit access. Using crowdfunding data from a major peer-to-peer (P2P) crowdfunding platform, Prosper.com, and a news-based policyExpand
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Effects of inorganic arsenic on growth and microcystin production of a Microcystis strain isolated from an algal bloom in Dianchi Lake, China
Our previous data have shown that inorganic arsenic concentrations were high in Dianchi Lake, China, where Microcystis blooms often occur. To explore the relationship between arsenic and the growthExpand
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The mathematics of principal-agent problems
  • Bibo Liu
  • Mathematics, Political Science
  • 2008
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Rent Seeking, Brokerage Commissions, and Pricing and Share Allocation in Initial Public Offerings
Using investor bidding data from 175 Chinese IPOs, we examine the effects of underwriters’ rent-seeking incentives. We find that Chinese IPO underwriters, with no discretion to allocate more sharesExpand
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Information Discovery in Share Lockups: Evidence from the Split-share Structure Reform in China
We document a prominent abnormal stock return of -14% during the [-12''8 20] day window around 482 lockup expirations in the Split-share Structure Reform in China. The abnormal stock returns (sellingExpand
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Characteristics-Based Factors
Recent studies have proposed a large set of powerful characteristics-based factors in the stock market. This study examines the pricing of these factors using portfolios that are formed by directlyExpand
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The trophic state of lake water regulates spatial-temporal variations of bloom-forming Microcystis
Although biomass variations in Microcystis and microcystin have been widely reported, few studies have addressed whether different trophic states of natural lake water affect the spatial-temporalExpand
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Competition between toxic and nontoxic Microcystis (Cyanophyceae) under different light and temperature conditions
In aquatic environments, cyanobacteria usually proliferate faster than other phytoplankton assemblages during warm seasons, particularly in eutrophic waters (Ma et al., 2015). Microcystis, a commonExpand
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Dynamic Frequency Selection based on minimum interference and minimum occupation time in Licensed-Assisted Access
TLDR
We propose a novel approach in interference detection, introduce DFS in UE and make the implementation of DFS both in BS and UE. Expand
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