This paper examines the impact of net buying pressure and the event of 9/11 on the implied volatility of the U.K. FTSE 100 (Financial Times and the London Stock Exchange) index options. Our findings indicate that when ...

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 ...

The food industry in China has been the subject of media attention in recent years. The number of recent high-profile scandals involving tainted food products has shaken China’s public confidence in the safety of domestic ...

This research extends the study of Boscaljon and Ho and test the effect of market response to bank loan announcement in the Hong Kong banking market after the 1997 Asian crisis. The study also investigates whether bank is ...

This paper examines key factors influencing the accessibility of microcredit by rural households in China. The empirical approach is built upon logistic regression and data are collected through a household survey. A total ...

This paper analyzes the dynamic effects of unexpected domestic and foreign monetary policy shocks on 'industrial output' in New Zealand based on a 'new open economy macroeconomic' (NOEM) model. Empirical analyses are ...

Corporate governance refers to the rules of the game that enables stakeholders to exercise appropriate oversight of a company to maximize its value and profits. Both financial and corporate governance restructuring is an ...

Customer retention is an important element of banking strategy in today's increasingly competitive environment. Bank management must identify and improve upon factors that can limit customer defection. These include employee ...

Increases in national income are usually treated as economic growth. If large enough to produce increases in per capita income, they are generally considered as welfare enhancing. Yet, at the same time, these increases in ...

There is a substantial and growing literature on the topic of sustainability, but no consensus on a working definition has emerged yet. The rational pursuit of sustainability is only possible if we can develop a working ...