@incollection{,
	
					
					
					EF85FB73BA94D9E2AE13644C48F71221
				,
	author={{Yu-WeiLan} and {LuLin} and {Takming University of Science and Technology}},
	journal={{Global Journal of Management and Business Research}},
	journal={{GJMBR}}2249-45880975-585310.34257/GJMBR,
	address={Cambridge, United States},
	publisher={Global Journals Organisation}1442941
}

@book{b0,
	
	
		,
	title={{Studies of stock price volatility changes, proceedings of the 1976 meetings of the Business and Economics Statistics Section}}
		,
	author={{
			FBlack
		}}
		
			,
	year={1976}
			,
	publisher={American Statistical Association}
			
		
	

}

@book{b1,
	
	
		,
	title={{What do short sellers know? Unpublished working paper}}
		,
	author={{
			EBoehmer
		} and {
			CJones
		} and {
			XZhang
		}}
		
		
		
			,
	year={2010}
		
		
			University of Oregon, Columbia Business School, and Purdue University
		
	

}

@incollection{b2,
	
	
		,
	title={{Generalized autoregressive conditional heteroskedasticity}}
		,
	author={{
			TBollerslev
		}}
	
	
		,
	journal={{Journal of Economics}}
		
			31
			
			,
	year={1986}
		
	

}

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		,
	title={{Introductory Econometrics For Finance}}
		,
	author={{
			ChrisBrooks
		}}
		
			,
	year={2002}
			,
	publisher={Cambridge University Press}
			,
	address={Cambridge}
		
	

}

@incollection{b4,
	
	
		,
	title={{No news is good news: An Asymmetric model of changing volatility in stock returns}}
		,
	author={{
			JYCampbell
		} and {
			IHentschel
		}}
		
	
	
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	journal={{Journal of Financial Economcs}}
		
			31
			
			,
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}

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		,
	title={{Research on allowing QFIIs for speculation in domestic futures market, Taiwan Futures Exchange Decennial Special Issue}}
		,
	author={{
			CChen
		} and {
			CLi
		}}
		
		
			,
	year={2007}
			
		
	
	,
	note={in Chinese}

}

@incollection{b6,
	
	
		,
	title={{The Value of Active Mutual Fund Management: an Examination of the Stockholdings and Trades of Fund Managers}}
		,
	author={{
			HLCheng
		} and {
			NJegadeesh
		} and {
			RWermers
		}}
		
		
	
	
		,
	journal={{Journal of Financial and Quantitative Analysis}}
		
			35
			
			,
	year={2000}
		
	

}

@book{b7,
	
	
		,
	title={{Do Domestic Investors have more Valuable Information about Individual Stocks than Foreign Investors?}}
		,
	author={{
			HChoe
		} and {
			BKChan
		} and {
			RMStulz
		}}
		
		
		
			,
	year={2001}
		
	
	,
	note={NBER Working Paper No. 8073}

}

@incollection{b8,
	
	
		,
	title={{Informed trading before analyst downgrades: evidence from short sellers}}
		,
	author={{
			SChristophe
		} and {
			MFerri
		} and {
			JHsieh
		}}
		
		
	
	
		,
	journal={{Journal of Financial Economics}}
		
			95
			
			,
	year={2010}
		
	

}

@book{b9,
	
	
		,
	title={{Home bias at home}}
		,
	author={{
			MoskowitzCoval
		}}
		
			,
	year={1999}
		
		
			University of Chicago Working Paper
		
	

}

@incollection{b10,
	
	
		,
	title={{The valuation of options for alternative stochastic processes}}
		,
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			JCox
		} and {
			SRoss
		}}
		
	
	
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			3
			
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}

@incollection{b11,
	
	
		,
	title={{Do institutional investors have superior stock selection ability in China?}}
		,
	author={{
			YDeng
		} and {
			YXu
		}}
		
	
	
		,
	journal={{China Journal of Accounting Research}}
		
			4
			1
			
			,
	year={2011}
		
	

}

@incollection{b12,
	
	
		,
	title={{Short-sale strategies and return predictability}}
		,
	author={{
			KDiether
		} and {
			KLee
		} and {
			IWerner
		}}
		
		
	
	
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	journal={{Review of Financial Studies}}
		
			22
			
			,
	year={2008}
		
	

}

@incollection{b13,
	
	
		,
	title={{Autoregressive conditional heteroskedasticity with estimates of the variance of United Kingdom inflation}}
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	author={{
			RFEngle
		}}
	
	
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	journal={{Econometrica}}
		
			50
			
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}

@incollection{b14,
	
	
		,
	title={{Cointegration and error correction: representation estimation and testing}}
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	author={{
			RFEngle
		} and {
			CW JGranger
		}}
		
	
	
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	journal={{Econometrica}}
		
			55
			
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	year={1987}
		
	

}

@incollection{b15,
	
	
		,
	title={{Luck versus skill in the cross-section of mutual fund returns}}
		,
	author={{
			EFFama
		} and {
			KRFrench
		}}
		
	
	
		,
	journal={{Journal of Finance}}
		
			65
			
			,
	year={2010}
		
	

}

@book{b16,
	
	
		,
	title={{Econometric analysis and modeling}}
		,
	author={{
			TGao
		}}
		
			,
	year={2006}
			,
	publisher={Tsinghua University Publishing}
			,
	address={Beijing}
		
	
	,
	note={in Chinese}

}

@incollection{b17,
	
	
		,
	title={{Investigating causal relations by econometric model and cross-spectral methods}}
		,
	author={{
			CW JGranger
		}}
	
	
		,
	journal={{Econometrica}}
		
			37
			
			,
	year={1969}
		
	

}

@incollection{b18,
	
	
		,
	title={{Some recent development in the concept of causality}}
	
	
		,
	journal={{Journal of Econometrics}}
		
			39
			
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	year={1988}
		
	
	,
	note={_______}

}

@incollection{b19,
	
	
		,
	title={{On the survival of overconfident traders in a competitive security market}}
		,
	author={{
			DHirschleifer
		} and {
			HLuo
		}}
		
	
	
		,
	journal={{Journal of Financial Markets}}
		
			4
			1
			
			,
	year={2001}
		
	

}

@incollection{b20,
	
	
		,
	title={{Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan}}
		,
	author={{
			JKKang
		} and {
			RMStulz
		}}
		
	
	
		,
	journal={{Journal of Financial Economics}}
		
			46
			
			,
	year={1997}
		
	

}

@incollection{b21,
	
	
		,
	title={{Short sellers and financial misconduct}}
		,
	author={{
			JKapoff
		} and {
			XLou
		}}
		
	
	
		,
	journal={{Journal of Finance}}
		
			65
			
			,
	year={2010}
		
	

}

@incollection{b22,
	
	
		,
	title={{Measuring mutual fund performance with characteristic-based benchmarks}}
		,
	author={{
			DKent
		} and {
			MGrinblatt
		} and {
			STitman
		} and {
			RWermers
		}}
		
		
		
	
	
		,
	journal={{Journal of Finance}}
		
			52
			
			,
	year={1997}
		
	

}

@incollection{b23,
	
	
		,
	title={{Speculation duopoly with agreement to disagree: Can overcondifidence survive the market test}}
		,
	author={{
			WangKyle
		}}
	
	
		,
	journal={{Journal of Finance}}
		
			52
			
			,
	year={1997}
		
	

}

@incollection{b24,
	
	
		,
	title={{Are insiders' traders informative?}}
		,
	author={{
			JLakonishok
		} and {
			ILee
		}}
		
	
	
		,
	journal={{Review of Financial Studies}}
		
			14
			1
			
			,
	year={2001}
		
	

}

@book{b25,
	
	
		,
	author={{
			MHMiller
		}}
		,
	title={{Financial innovations and market volatility}}
				Blackwell, Cambridge, MA, and Oxford, UK
		
			,
	year={1991}
		
	

}

@book{b26,
	
	
		,
	title={{Behavioural Finance}}
		,
	author={{
			JamesMontier
		}}
		
			,
	year={2010}
			,
	publisher={Johan Wiley and Sons Inc., England}
		
	

}

@incollection{b27,
	
	
		,
	author={{
			DanielBNelson
		}}
	
	
		,
	booktitle={{Conditional heterodasticity in asset returns: A new approach}}
				
			,
	year={1991}
			59
			
		
	

}

@incollection{b28,
	
	
		,
	title={{Alternative models for conditional stock volatilities}}
		,
	author={{
			ARPagan
		} and {
			GWSchwert
		}}
		
	
	
		,
	journal={{Journal of Econometrics}}
		
			45
			
			,
	year={1990}
		
	

}

@incollection{b29,
	
	
		,
	title={{The Impact of short sales constraints on stock index futures prices: Evidence from FT-SE 100 futures}}
		,
	author={{
			PFPope
		} and {
			PKYadav
		}}
		
	
	
		,
	journal={{Journal of Derivatives Summer}}
		
			
			,
	year={1994}
		
	

}

@book{b30,
	
	
		,
	title={{Who Gains More by Trading-Institutions or Individuals? Working Paper}}
		,
	author={{
			GSan
		}}
		
			,
	year={2007}
		
		
			Tel-Aviv University
		
	

}

@incollection{b31,
	
	
		,
	title={{Smart Foreign Traders in Emerging Markets}}
		,
	author={{
			MSeasholes
		}}
	
	
		,
	journal={{Harvard Business School}}
		
			,
	year={2000}
		
	
	,
	note={Working Paper}

}

@incollection{b32,
	
	
		,
	title={{Short interest: bearish or bullish?}}
		,
	author={{
			JSeneca
		}}
	
	
		,
	journal={{Journal of Finance}}
		
			22
			
			,
	year={1967}
		
	

}

@incollection{b33,
	
	
		,
	title={{Financial crisis sharpens critique of securities lending}}
		,
	author={{
			LSwartz
		} and {
			Connolly
		} and {
			J
		}}
		
		
		
	
	
		,
	journal={{Employees Benefit News Canada}}
		
			,
	year={2009}
		
	

}