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Discuss the theoretical underpinnings in (i) Yu and Yuan (2011) and Wang (2018a), and (ii) Wang (2018b) and Wang and Duxbury (2021) Requirement: 1) Provide

Discuss the theoretical underpinnings in (i) Yu and Yuan (2011) and Wang (2018a), and (ii) Wang (2018b) and Wang and Duxbury (2021)

Requirement:

1) Provide theoretical underpinnings of empirical findings in Yu and Yuan (2011) and Wang (2018b).

2) Provide theoretical underpinnings of empirical findings in Wang (2018b) and Wang and Duxbury (2021).

3) Make comparison between (i) and (ii)

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