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Sponsored Design Multi-Agent AI Systems Using MCP and A2A: Engineer your own Pyt Design Multi-Agent AI Systems Using MCP and A2A: Engineer your own Pyt

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Xuan Cheng

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Open access Aug 2026

Capital age and the cross-section of Chinese stock returns

This paper investigates the impact of capital age on the cross-section of stock returns in the Chinese stock market. Based on portfolio sorting and Fama‑MacBeth regressions, we find a significant premium for stocks with low capital age, with monthly risk‑adjusted returns that are 0.42%-0.49% higher than those of stocks...

Jia-Bei Dong, Xuan-Shu Zhang, Xuan Cheng · 0 citations

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