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Sustainability of the Theories Developed by Mathematical Finance and Mathematical Economics with Applications A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Wong, Wing Keung (Ed.) Book — Published Version Sustainability of the theories developed by mathematical finance and mathematical economics with applications Provided in Cooperation with: MDPI – Multidisciplinary Digital Publishing Institute, Basel Suggested Citation: Wong, Wing Keung (Ed.) (2020) : Sustainability of the theories developed by mathematical finance and mathematical economics with applications, ISBN 978-3-03936-532-6, MDPI, Basel, http://dx.doi.org/10.3390/books978-3-03936-532-6 This Version is available at: http://hdl.handle.net/10419/230555 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. https://creativecommons.org/licenses/by/4.0/ www.econstor.eu Wing-Keung Wong Sustainability of the Theories Developed Mathematical by Finance and Mathematical Economics with Applications Sustainability of the Theories Developed by Mathematical Finance and Mathematical Economics with Applications Edited by Wing-Keung Wong Printed Edition of the Special Issue Published in Remote Sensing www.mdpi.com/journal/sustainability Sustainability of the Theories Developed by Mathematical Finance and Mathematical Economics with Applications Sustainability of the Theories Developed by Mathematical Finance and Mathematical Economics with Applications Special Issue Editor Wing-Keung Wong MDPI • Basel • Beijing • Wuhan • Barcelona • Belgrade • Manchester • Tokyo • Cluj • Tianjin Special Issue Editor Wing-Keung Wong Asia University Taiwan Editorial Office MDPI St. Alban-Anlage 66 4052 Basel, Switzerland This is a reprint of articles from the Special Issue published online in the open access journal Sustainability (ISSN 2071-1050) (available at: https://www.mdpi.com/journal/sustainability/ special issues/Mathematical Finance). For citation purposes, cite each article independently as indicated on the article page online and as indicated below: LastName, A.A.; LastName, B.B.; LastName, C.C. Article Title. Journal Name Year, Article Number, Page Range. ISBN 978-3-03936-531-9 (Hbk) ISBN 978-3-03936-532-6 (PDF) c 2020 by the authors. Articles in this book are Open Access and distributed under the Creative Commons Attribution (CC BY) license, which allows users to download, copy and build upon published articles, as long as the author and publisher are properly credited, which ensures maximum dissemination and a wider impact of our publications. The book as a whole is distributed by MDPI under the terms and conditions of the Creative Commons license CC BY-NC-ND. Contents About the Special Issue Editor ...................................... vii Preface to ”Sustainability of the Theories Developed by Mathematical Finance and Mathematical Economics with Applications” ............................. ix Sayyed Sadaqat Hussain Shah, Muhammad Asif Khan, Natanya Meyer, Daniel F. Meyer and Judit Ol´ah Does Herding Bias Drive the Firm Value? Evidence from the Chinese Equity Market Reprinted from: Sustainability 2019, 11, 5583, doi:10.3390/su11205583 ................ 1 David E. Allen, Michael McAleer Fake News and Propaganda:Trump’s Democratic America and Hitler’sNational Socialist (Nazi) Germany Reprinted from: Sustainability 2019, 11, 5181, doi:10.3390/su11195181 ................ 21 Zhiping Chen, Xinkai Zhuang and Jia Liu A Sustainability-Oriented Enhanced Indexation Model with Regime Switching and Cardinality Constraint Reprinted from: Sustainability 2019, 11, 4055, doi:10.3390/su11154055 ................ 41 Andy Wui-Wing Cheng, Nikolai Sheung-Chi Chow, David Kam-Hung Chui and Wing-Keung Wong The Three Musketeers Relationships between Hong Kong, Shanghai and Shenzhen Before and After Shanghai–Hong Kong Stock Connect Reprinted from: Sustainability 2019, 11, 3845, doi:10.3390/su11143845 ................ 55 Rangan Gupta, Zhihui Lv and Wing-Keung Wong Macroeconomic Shocks and Changing Dynamics of the U.S. REITs Sector Reprinted from: Sustainability 2019, 11, 2776, doi:10.3390/su11102776 ................ 75 Yanlin Yang and Chenyu Fu Inclusive Financial Development and Multidimensional Poverty Reduction: An Empirical Assessment from Rural China Reprinted from: Sustainability 2019, 11, 1900, doi:10.3390/su11071900 ................ 87 Michael McAleer, Tamotsu Nakamura and Clinton Watkins Size, Internationalization, and University Rankings: Evaluating and Predicting Times Higher Education (THE) Data for Japan Reprinted from: Sustainability 2019, 11, 1366, doi:10.3390/su11051366 ................105 Jamiu Adetola Odugbesan and Husam Rjoub Relationship among HIV/AIDS Prevalence, Human Capital, Good Governance, and Sustainable Development: Empirical Evidence from Sub-Saharan Africa Reprinted from: Sustainability 2019, 11, 1348, doi:10.3390/su11051348 ................117 Chi Dong, Hooi Hooi Lean, Zamri Ahmad and Wing-Keung Wong The Impact of Market Condition and Policy Change on the Sustainability of Intra-Industry Information Diffusion in China Reprinted from: Sustainability 2019, 11, 1037, doi:10.3390/su11041037 ................135 v Yijuan Liang and Xiuchuan Xu Variance and Dimension Reduction Monte Carlo Method for Pricing European Multi-Asset Options with Stochastic Volatilities Reprinted from: Sustainability 2019, 11, 815, doi:10.3390/su11030815 .................155 Riza Demirer, Rangan Gupta, Zhihui Lv and Wing-Keung Wong Equity Return Dispersion and Stock Market Volatility: Evidence from Multivariate Linear and Nonlinear Causality Tests Reprinted from: Sustainability 2019, 11, 351, doi:10.3390/su11020351 .................177 Bing Wang, Si Xu, Kung-Cheng Ho, I-Ming Jiang and Hung-Yi Huang Information Disclosure Ranking, Industry Production Market Competition, and Mispricing: An Empirical Analysis Reprinted from: Sustainability 2019, 11, 262, doi:10.3390/su11010262 .................193 Massoud Moslehpour, Purevdulam Altantsetseg, Weiming Mou and Wing-Keung Wong Organizational Climate and Work Style: The Missing Links for Sustainability of Leadership and Satisfied Employees Reprinted from: Sustainability 2019, 11, 125, doi:10.3390/su11010125 .................209 Alan T. Wang, Yu-Hong Liu and Yu-Chen Chang An Analysis of Gains to US Acquiring REIT Shareholders in Domestic and Cross-Border Mergers before and after the Subprime Mortgage Crisis Reprinted from: Sustainability 2018, 10, 4586, doi:10.3390/su10124586 ................227 Batmunkh John Munkh-Ulzii, Michael McAleer, Massoud Moslehpour and Wing-Keung Wong Confucius and Herding Behaviour in the Stock Markets in China and Taiwan Reprinted from: Sustainability 2018, 10, 4413, doi:10.3390/su10124413 ................241 Chia-Lin Chang, Shu-Han Hsu and Michael McAleer An Event Study Analysis of Political Events, Disasters, and Accidents for Chinese Tourists to Taiwan Reprinted from: Sustainability 2018, 10, 4307, doi:10.3390/su10114307 ................257 Wing-Keung Wong, Hooi Hooi Lean, Michael McAleer and Feng-Tse Tsai Why Are Warrant Markets Sustained in Taiwan but Not in China? Reprinted from: Sustainability 2018, 10, 3748, doi:10.3390/su10103748 ................335 WeiMing Mou, Wing-Keung Wong and Michael McAleer .Financial Credit Risk Evaluation Based on Core Enterprise Supply Chains Reprinted from: Sustainability 2018, 10, 3699, doi:10.3390/su10103699 ................353 vi About the Special Issue Editor Wing-Keung Wong obtained his Ph.D. from the University of Wisconsin-Madison, the USA with a major in Business Statistics (Statistics and Finance) and obtained his Bachelor degree from the Chinese University of Hong Kong, Hong Kong, with a major in Mathematics and a double minor in Economics and Statistics. Currently, he is a Chair Professor at the Department of Finance, Asia University. He was a Full Professor at the Department of Economics, Hong Kong Baptist University, and Deputy Director at Risk Management Institute, National University of Singapore. Professor WONG appears in “Who’s Who in the World” and gets Albert Nelson Marquis Lifetime Achievement Award. 2017, Marquis Who’s Who. His Erdos number is 3. He is ranked top 1% by Social Science Research Network and in the list of top Taiwan economists and Asian economists and top economists by RePEc. He has published more than three hundred papers including papers published in some top journals. He has more than 8400 citations in Google Scholar, more than 6100 citations in Researchgate, and more than 2400 citations in Mendeley. His h-index is 52, (36 since 2015) and i10-index is 177, (146 since 2015) by Google Scholar
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