This article empirically tested the impact of investors' site visits on capital market pricing efficiency. Leveraging data from 2009 to 2022 Shenzhen Stock Exchange's listed companies, we found that: (1) Investors' could reduce stock price synchronicity, indicating improved efficiency market. (2) The mechanisms tests showed investors obtain private incremental information through visits. (3) co...

Synchronicity has long been described as an ‘acausal’ connecting principle. However, the use of this descriptor is not only misleading, but also outright false on any seriously considered picture of synchronicity due to admissions of multiple types of causes. Furthermore, previous attempts to clarify the ‘acausal’ label have served only to further muddy the waters of discussion. A ‘multi-causal...

U a consignment contract with revenue sharing, a supplier decides on the retail price and delivery quantity for his product, and retains ownership of the goods; for each item sold, the retailer deducts a percentage from the selling price and remits the balance to the supplier. In this paper we show that, under such a contract, both the overall channel performance and the performance of individu...

The present study was focused on supply chain analysis of fresh guava in order to evaluate existing marketing supply chains (SC1: Producer - Consumer, SC2: Producer - Retailer - Consumer, SC3: Producer - Commission agent - Retailer - Consumer, SC4: Producer - Commission agent - Wholesaler - Retailer - Consumer) for two variety (allahabad safeda and apple guava) of guava. The gross marketing pri...

This paper considers a duopoly price-choice game in which the unique Nash equilibrium is the Bertrand outcome. Price competition, however, is imperfect in the sense that the market share of the high-price firm is not zero. Economic intuition suggests that price levels should be positively related to the market share of the high-price firm. Although this relationship is not predicted by standard...

This paper examines the performance of three famous factor pricing models in markets bull, bear, and consolidation China. Empirical results show that these explain time-series variations portfolio returns bearish market reasonably well, but fail to cross-sectional variations. Another two findings are revealed by instability tests. First, more unstable trending (i.e., bullish) under regression d...