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Ke Xu：It is Not Easy Being a Flipper: Term Structure of Idiosyncratic Risk in the Housing Market

Chen Shen：The Effect of Local Labor Competition on Mergers and Acquisitions

Shunming Zhang：Trading Behavior and Market Quality: Based on Probabilistic Attitude

Yanan Wang：Court Enforcement and Corporate Innovation: Evidence from China

Zhen Zhou：Let A Small Bank Fail: Implicit Non-guarantee and Financial Contagion