Now showing items 1-3 of 3
Duration dependence test of rational speculative bubbles: a case study of the Hong Kong stock market
(Business Perspectives, 2012)
This study tests the presence of rational speculative bubbles in the Hong Kong stock market over a sample period from 1993-2008 using the duration dependence test. The duration dependence test shows no evidence of duration ...
Predictive ability of low-frequency volatility measures: Evidence from the Hong Kong stock markets
We employ low-frequency data to estimate historical volatility measures for Hong Kong stocks and examine the relationship between these measures and the one-month ahead stock return over thirty-five years. First, we employ ...
Impact of microcredit on rural households: an evaluation using panel data
(Lincoln University. Faculty of Commerce, 2013-09)
This paper investigates the impact of microcredit on rural households. The impact of a microcredit program on target households is subject to two main sources of bias, observed and unobserved bias. To evaluate the microcredit ...