No news is not good news: evidence from the intra-day return volatility–volume relationship in Shanghai Stock Exchange

Through this research, we find that the asymmetric volatility phenomenon is reversed in the Shanghai Stock Exchange during bull markets. That is, volatility increases more with good news than with bad news. This evidence is inconsistent with the US markets. Further examination of this phenomenon reveals that the positive impact of good news on volatility is driven by the return-chasing behaviour of investors during bull markets. We also find that volatility increases after stock price declines in bear markets. After controlling for liquidity shifts, we observe similar patterns in volatility in both bull and bear markets. We posit that institutional and behavioural factors are the major driving forces of observed volatility patterns in the Chinese stock market.

A model of mixed signals with applications to countersignaling an the GED

We develop a job-market signaling model where signals may convey two pieces of information. This model is employed to study the GED exam and countersignaling (signals non-monotonic in ability). A result of the model is that countersignaling is more expected to occur in jobs that require a combination of skills that differs from the combination used in the schooling process. The model also produces testable implications consistent with evidence on the GED: (i) it signals both high cognitive and low non-cognitive skills and (ii) it does not affect wages. Additionally, it suggests modifications that would make the GED a more signal.

Šēm hag-Gedōlīm ha-Ḥādāš

Ḥājjīm Jōsēf Dāwīd Azūlāj. Aaron Walden [Hrsg.] [[Elektronische Ressource]]

Direct and general support maintenance repair parts and special tools list for lubricating and servicing unit, power operated, trailer mounted, 23 cfm, compressor, reciprocating, GED (Elliott Machine model ENG 3), NSN 4930-00-935-4451.

"18 May 1990."

Organizational maintenance repair parts and special tools list for lubricating and servicing unit, power operated, trailer mounted, 23 cfm, compressor, reciprocating, GED (Elliott Machine model ENG 3), NSN 4930-00-935-4451.

"10 May 1990."

Operator's, organizational, direct support, and general support maintenance manual : refrigeration unit, mechanical, panel type, 5000 Btu/hr, gasoline engine driven (GED), model ERU-5G (NSN 4110-01-076-1991).

"1 May 1981."

Operator, organizational, direct, and general support maintenance manual : compressor, reciprocating, air, wheel mounted, 2 wheel, pneumatic tires, GED, 4 cfm, 3000 psi (210.9000 kgs per sq cm) (Walter Kidde model 893811), NSN 4310-00-997-6004.

"June 1975."

Organizational maintenance repair parts and special tools lists : filter units, gas-particulate, EMD and GED, 300 cfm, ABC-M6, FSN 4240-368-6127, FSN 4240-368-6126 and ABC-M6A1, FSN 4240-889-2317, FSN 4240-889-2316.

"26 October 1972."

Operator and organizational maintenance manual : truck, lift, fork, GED, solid rubber tired wheels, 4000 lbs capacity, 180 in lift, Army model MHE 209, Allis Chalmers model F40-24PS, FSN 3930-459-5948.

"August 1970."

Unit, direct support, and general support maintenance repair parts and special tools lists (including depot maintenance repair parts and special tools lists) : truck, forklift, power shift GED, 6000 lb capacity, SRT, 180 in. lift height, Army model MHE-212 (NSN 3930-00-489-0263), Allis Chalmers model F-60-24PS-180.

"October 1992."

Direct support and general support maintenance repair parts and special tools list (including depot maintenance repair parts and special tools list) for : truck, lift, fork: GED, pneumatic tired wheels, 6000 lb. capacity, 168 in. lift (Allis Chalmers model FP60-24PS, Army model MHE 213).

"NSN 3930-00-935-7979."

Technical manual, organizational maintenance repair parts and special tools list for truck, lift, fork : GED, pneumatic tired wheels, 6000 lb. capacity, 168 in. lift (Allis Chalmers model FP60-24PS, Army model MHE 213).

"NSN 3930-00-935-7979."

Organizational maintenance repair parts and special tools lists : truck, lift, fork, power shift GED, 6,000 lb capacity, 100 in., 128 in., 168 in. lift Army model MHE 205, 100 in. NSN 3930-00-935-7856, 128 in. NSN 3930-00-935-7855, 168 in. NSN 3930-00-935-7857, Allis Chalmers model F-60-24PS.

Includes index.

Direct support and general support maintenance repair parts and special tools lists : truck, lift, fork, SRT, GED, 6,000 lb capacity, 100 in., 128 in., 168 in. lift, Army model MHE 205, 100 in., NSN 3930-00-935-7856, 128 in., NSN 3930-00-935-7855, 168 in., NSN 3930-00-935-7857, Allis Chalmers model F-60-24PS.

Includes index.

Operator, organizational, DS, GS, and depot maintenance manual : truck, lift, fork, power shift, GED, 6,000 lb. capacity, 100 in., 128 in., 168 in. lift (Allis Chalmers model F60-24PS) (Army model MHE205), FSN 3930-935-7856 (100 in.) ....

"January 1970."