Advances in Pacific Basin Business, Economics and Finance
APBBEF is a peer-reviewed journal published by Emerald Publishing and is indexed in ABI/INFORM, EconLit, EBSCO, ProQuest, ResearchGate, and Google Scholar. APBBEF does not charge submission and publication fees. For the 2026 volume, the submission deadline is May 31, 2025. (ISBN: 978-1-83753-865-2, eISBN: 978-1-83753-864-5, ISSN: 2514-4650)
All published articles are peer-reviewed and recommended by an editorial board member. Editors will decide within two weeks whether the submitted manuscript will be rejected or sent out for review. For the 2017-2024 volumes, roughly 75% of submissions went into the review process, and 65% of the reviewed articles were accepted.
For submission to future issues, please review the following guidelines.
Originality of Manuscript: The manuscript should represent an original work that has never been published elsewhere nor is being considered for publication elsewhere.
Similarity checking: APBBEF will not consider any manuscript with a high Turnitin or Grammarly plagiarism checker score.
Layout of Manuscript: First page: title of paper and author information, 100–200 word abstract, JEL codes, six keywords and corresponding author email; second page and beyond: main text, appendix, references, figures, and tables.
Style and Length of Manuscript: 12 pt Times Roman font; double spacing; under 7,000 words or 39 pages.
Single-blind peer review: APBBEF adopts single-blind review. Authors are welcome to suggest up to 5 suitable independent reviewers.
Accepted Manuscripts: Microsoft Word or Latex are acceptable, and PDF is necessary.
Fees: No submission and publication fees.
APBBEF requires electronic submission. Please use an email attachment in Microsoft Word format or PDF to Dr. Min-Teh Yu (mtyu@nycu.edu.tw) or Dr. Cheng-Few Lee (cflee@business.rutgers.edu).
Advances in Pacific Basin Business, Economics and Finance Volume 12, 2024
Format: Hardback
ISBN: 9781837538652
ISSN: 2514-4650 (Series)
eISBN: 978-1-83753-864-5
Published: around 4 April, annually
Publisher: Emerald Publishing Limited
Dimensions:
480 pages - 152 x 229mm
EDITORS
Cheng-Few Lee
Rutgers University, USA
E-mail: cflee@business.rutgers.edu
Min-Teh Yu
National tsing Hua University, Taiwan
E-mail: mtyu@nycu.edu.tw
Web: https://sites.google.com/view/mtyu/
EDITORIAL BOARD
James S. Ang Florida State University
Hong-Yi Chen National Chengchi University
Ren-Raw Chen Fordham University
Sheng-Syan Chen National Taiwan University
Anna Chernobai Syracuse University
Thomas C. Chiang Drexel University
Lin Guo Suffolk University
Başak Tanyeri Günsür Bilkent University
Chee Wooi Hooy University Sains Malaysia
Chuan-Yang Hwang National Taiwan University
Nathan L. Joseph Brunel University
Tao-Hsien Dolly King University of North Carolina at
Charlotte
Van Son Lai Laval University
Siong Hook Law University Putra Malaysia
Hong Li University of Guelph
Che-Chun Lin National Tsing Hua University
Scott C. Linn University of Oklahoma
Yaw Mensah Rutgers University
Thomas H. Noe University of Oxford
Tatsuyoshi Hosei University
Miyakoshi
J. Huston McCulloch Ohio State University
Kwangwoo Park KAIST
Edward W. Sun KEDGE Business School
Fotios Pasiouras Montpellier Business School
Cindy S.H. Wang HSBC Business School, Peking
University
Junbo Wang City University of Hong Kong
K. C. John Wei Hong Kong Polytechnic
University
Chunchi Wu State University at Buffalo
JingJing Yang Guangdong University of Foreign
Studies
Tong Yu University of Cincinnati
Laixun Zhao Kobe University
Yang Zhao Nankai University
DESCRIPTION
Advances in Pacific Basin Business, Economics and Finance (APBBEF) is a series designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries. All articles published are peer-reviewed and recommended by one editorial board member. Topics of interest include, but are not limited to, the following:
1. Policy and management on financial markets and financial institutions;
2. Options, futures, and other derivatives markets;
3. Corporate finance and investment decisions;
4. Insurance and risk management;
5. Accounting, auditing, and taxation;
6. Artificial intelligence and new technology in finance;
7. ESG and sustainability;
8. Income, employment, and education;
9. Monetary and foreign exchange policy;
10. Other economic policies among the Pacific Rim countries.
2025, Vol 13, APBBEF (accepted papers)
Board Structure and CEO Compensation: Evidence from the 1999 Financial Services Modernization Act (Gramm-Leach-Bliley Act); I-Ju Chen, Hsin-Yu Liang, Carl R. Chen, and Jia-Ying Lin (Yuan Ze University and University of Dayton, USA).
The impacts of inflation, oil price appreciation, energy risk and climate policy uncertainty on stock returns: Evidence from G7 countries; Thomas C. Chiang (Drexel University, USA).
Information Event Intensity and Stock Return Synchronicity: Evidence from Credit Rating Changes; Haoyu Gao, Ruixiang Jiang, and Junchao Xiao (Hong Kong Polytechnic University, HK).
Transparency of financial statements on IPO pricing around the adoption of IFRS in an economy of little information asymmetry; Lanfeng Kao, Anlin Chen, and Chih-Hsiang Chen (National Sun Yat-Sen University, Taiwan).
Is CreditGrades Model Useful for Hedging CDSs?; Ricardo Esquil and Van Son Lai (Laval University, Canada).
What Drives Change in the A-Share Premium in China?; Hsiao-Peng Fu and Wei Hua (Nanjing Audit University, China).
Analyzing China’s Low Fertility Rate from the Social Activity Perspective; Lichun Cai, Wei-Chiao Huang, and Guangjie Ning (Western Michigan University, USA).
Regional Population Aging and Municipal Bond Financing Cost; Lin Hanwen, Tang Haobo, and Wu Yuhui (Xiamen University, China).
Institutional Analysis of Flood Insurance Market in Japan——Based on Evolutionary Game and Prospect Theory; Jie SHAO (Waseda University, Japan).
Does Corruption Matter for FDI in India? New Evidence from Nonlinear Autoregressive Distributed Lag; Karan Viresh Sangani, Kwang-Jing Yii, and Maggie May-Jean Tang (Swinburne University of Technology Sarawak Campus, Malaysia).
The Relationship between Fear Sentiment and Stock Liquidity during the COVID-19 Pandemic; De-Wai Chou, Chih-Chun Chen, and Hsin-Yu Hu (National Taiwan Normal University, Taiwan).
Time Latency in High-Frequency Trading within Cointegrated Financial Markets; Ting-Fu Chen, Chih-Chen Hsu, Kai-Chieh Chia, and Annjo Cheng (National Taichung University of Science and Technology, Taiwan).
The Relationship between Corporate Social Responsibility and Financial Performance Stability: The Moderating Effects of Board Diversity; Yu-Chen Wei, Chu-Hsiung Lin, Pai-Wen Cheng, Yi-Hung Lee (National Kaohsiung University of Science and Technology, Taiwan).
2024, Vol 12, APBBEF
Corporate Pension Funding and Investments: Evidence from Asia Pacific Countries; Yong H. Kim, Bochen Li, Miyoun Paek, and Tong Yu; pp.1-38. (University of Cincinnati, USA).
Seasoning Effects in Corporate Bond Markets; Haoyu Gao, Ruixiang Jiang, Junbo Wang, and Xiaoguang Yang; pp.39-76. (City University of Hong Kong, HK)
Evidence of Gold as a Hedge or Safe Haven Against Risks and Policy Uncertainty; Thomas C. Chiang; pp.77-109. (Drexel University, USA)
Smart Learning: Information Role of Leading Security Analysts; Chia-Wei Huang, Chih-Yen Lin, and Chin-Te Yu; pp.111-123. (Fu-Jen Catholic University)
How Well Do Banks Manage Their Credit Risk? A Data Envelopment Analysis (DEA) Approach; Ren-Raw Chen, and Chu-Hua Kuei; pp.125-163. (Fordham University, USA)
Liquidity and Other Risk Factors: Evidence from the Chinese Stock Market; Yan He, Ruixiang Jiang, Yanchu Wang, and Hongquan Zhu; pp.165-192. (Hong Kong Polytechnic University)
Optimizing Portfolios with ESG, Dividends, and Volatility Factors via Machine Learning; Hsing-Hua Chang, Chen-Hsin Lai, Kuen-Liang Lin, and Shih-Kuei Lin; pp.193-214. (National Chengchi University, Taiwan)
Investor Reactions to Major Events in the Global Financial Crisis in Europe and Asia-Pacific; Emre Bulut and Başak Tanyeri-Günsür; pp.215-250. (Agri Ibrahim Cecen University)
The Impacts of Institutional Shareholdings on Stock Price Informativeness, Stock Price Crash Risk, and Postcrash Returns; De-Wai Chou, Pi-Hsia Hung, and Lin Lin; pp.251-285. (National Chi Nan University)
Firms, Context, and Bribery in a Transition Economy; Phan Anh Tu; pp.287-312. (Can Tho University, VN)
Does National Culture Matter for Herding Behavior Among Stock Market Investors?; Kwang-Jing Yii, Zi-Han Soh, Lin-Hui Chia, Khoo Shiang-Lin Jaslyn, Lok-Yew Chong, and Zi-Chong Fu; pp.313-336. (Swinburne University of Technology)
Intertemporal Decision: Do Financial Literacy and the Framing Effect Matter in the Malaysian Context?; Tze-Wei Ooi and Wee-Yeap Lau; pp.337-349. (University of Malaya)
Value Relevance of Accounting Information and the Moments of Bias Rate: Evidence from the IT Companies in FTSE Taiwan 50; Chih-Chen Hsu, Kai-Chieh Chia, and Yu-Chieh Chang; pp.351-367. (Soochow University)
2023, Vol 11, APBBEF
Distance Matters: Evidence from Firms’ Financial Misconduct; Haoyu Gao, Ruixiang Jiang, Wei Liu, Junbo Wang, and Chunchi Wu; pp.1-26. (City University of Hong Kong and SUNY at Buffalo)
Great Ratios and Inflation Targeting: Small Open Versus Small Semiopen Economies; Wen-Ya Chang, Hsueh-Fang Tsai, and Juin-Jen Chang; pp.27-40. (Academia Sinica)
Disposition Effect and Contrarian/Momentum Behavior of Stock Traders; Hsiang-Hsi Liu, Pi-Hsia Hung, and Tzu-Hu Huang; pp.41-67.
Pricing Wastes for Financing Sustainable Circularity in Case of Data Deficiency: Mattress Recycling as an Example; Chih-Yu Ting, Chung-Huang Huang, and Allen H. Hu; pp.69-87.
Impacts of Macroeconomic News Announcements on Corporate Bond Market; Ruixiang Jiang, Bo Wang, Chunchi Wu, and Yue Zhang; pp.89-125.
Economic Policy Uncertainty, Bank Capital Adequacy, and Bank Profitability; Leese L. Mendy, Sheng-Yung Yang, and Wei-Zhong Shi; pp.127-143.
Impacts of Operational Risks and Corporate Governance on Corporate Bond Yield Spreads; Hui-Chu Shu, Jung-Hsien Chang, Chia-Fen Tsai, and Cheng-Wen Yang; pp.145-167.
Does the Spatial Mismatch Between Land Supply and Demand Intensify the Spatial Divergence of Human Capital?; Jia Wang and Wei-Chiao Huang; pp.169-199.
Bank Systemic Risk in Southeast Asian Economies; Xiaodan Li, Edward M. H. Lin, and Min-Teh Yu; pp.201-219.
Does Directors and Officers Liability Insurance Matter for Stock-Price Synchronicity?; Bin-Hsien Lo, Lon-Fon Shieh, Yi-Cheng Shih, and Min-Der Hsieh; pp.221-240.
Board Capital and Corporate Innovation; Anh Le and I-Ju Chen; pp.241-265.
Effect of the Trade-off Between Compensation and Corporate Social Responsibility on Taiwanese Multinational Corporations; Jui-Chuan Della Chang, Zhi-Yuan Feng, Wen-Gine Wang, and Fang-Chi Tsao; pp.267-304.
2022, Vol 10, APBBEF
Market Competition, Managerial Overconfidence, and Corporate Social Responsibility; James Juichia Lin, Edward M. Werner, and Ya-Chi Huang; pp.1-27.
Static Hedging Methods for Pricing Double Barrier Options; Yi-Ling Chen, Hong-Yu Luo, Wei-Che Tsai, and Hang Zhang; pp.29-58.
Does the P2P Credit Spread Predict Economic Activity? Evidence from LendingClub; Amy Yueh-Fang Ho, Wen-Chang Lin, and Hung-Yuan Yu; pp.59-90.
ESG Momentum Strategies: A Comparison between Taiwanese and Japanese Markets; Hong-Yi Chen, Chun-Huei Hsu, and Sharon S. Yang; pp.91-110.
A Direct Test of Attention Theory through an Examination of Retail Investor Behavior: Evidence from Taiwanese IPO Subscriptions; Lanfeng Kao, Anlin Chen, and Chih-Hsiang Chen; pp.111-123.
Impact of the Federal Reserve’s Corporate Credit Facility on S&P 500 during COVID-19 Pandemic; Yaxing Li, Wee-Yeap Lau, and Lim-Thye Goh; pp.125-144.
Market Sentiments and Artificial Intelligence Neural Network Algorithms in Taiwan Derivatives Markets; Chung-Gee Lin, Min-Teh Yu, Chien-Yu Chen, and Pei-Hsuan Hsu; pp.145-157.
The Effect of Cyber Risk Management Services in Insurance Policies; Yen-Chih Chen and Yin-Yee Leong; pp.159-172.
The Role of Real Exchange Rates in the Relationship between Tourist Arrival and Economic Growth: An Asymmetric Perspective from Malaysia; You-How Go and Cheong-Fatt Ng; pp.173-191.
Measuring Yield Curve Movements: A Principal Component Analysis of Spot Rate Changes in the JPY, USD, GBP, and CHF Interest Rate Swap Markets; Toyoharu Takahashi; pp.193-208.
Effect of Fair Value Accounting and Corporate Governance on Stock Prices: Evidence of Information Efficiency in Thailand; Wonlop Writthym Buachoom; pp.209-228.
2021, Vol 9, APBBEF
Limited Attention, Motivated Institutional Investors and IPO Survivability; Haoyu Gao, Ruixiang Jiang, Wei Liu, Junbo Wang, and Chunchi Wu; pp.1-35.
Evidence of Policy Uncertainty and Geopolitical Risk on Chinese Stock Prices; Thomas C. Chiang and Xi Chen; pp.37-56.
Does Deregulation Affect the Structure of Corporate Governance? Evidence from the US Trucking Industry; I-Ju Chen; pp.57-105.
Ride on Past? Evidence from Corporate Bond Offering Price Persistence; Haoyu Gao, Ruixiang Jiang, Chunchi Wu, and Xiaoguang Yang ; pp.107-135.
The Influence of IFRS Adoption on the Quality of Financial Reporting in Nigerian Listed Companies; Oyerogba Ezekiel Oluwagbemiga; pp.137-160.
Pricing Cyber Risk: The Copula-Based Approach; Karen C. Su, Chung-Bow Lee, Shu-Hui Lin, I-Chien Liu, and Hong-Chi Chen; pp.161-174.
Dynamic Common Properties of National Herd Behavior of Stock Markets; Yu-Fen Chen, Thomas C. Chiang, Fu-Lai Lin, and Sheng-Yung Yang; pp.175-193. (Drexel University, USA)
Google Search Trends and Exchange Rate Volatility– Evidence from India’s Currency Market; Hsiu-Chen Fan Chiang, Pei-Xuan Jiang, and Chia-Chien Chang; pp.195-210.
Green Bonds and Global Optimal Portfolio Allocation; Naoyuki Yoshino and Muhammad Zubair Mumtaz; pp.211-223.
Managing Credit Card Fraud Risks by Autoencoders; Chien-Hung Chang; pp.225-235.
The Exchange Rate Pass-Through Under the Inflation Targeting Framework in Indonesia, the Philippines, and Thailand; Mesa Wanasilp; pp.237-251.
Assessing Academic Performance for Economics Majors through Exam and Application-based Entrance Channels in Taiwan; Eric S. Lin, Yu-Lung Lu, Ming-Chia Lin, and Hui-Chen Wang; pp.253-273.
2020, Vol 8, APBBEF
Divergent Opinion, Trading Information, and Stock Price Co-movements; Lin Chen, Junbo Wang, Chunchi Wu, and Hongquan Zhu; pp.1-21. (https://www.emerald.com/insight/content/doi/10.1108/S2514-465020200000008001/full/html)
Assessing Asset Tail Risk with Artificial Intelligence: The Application of Artificial Neural Network; Ying L. Becker, Lin Guo, and Odilbek Nurmamatov; pp.23-52.
Option Pricing with Markov Switching Stochastic Volatility Models; Yiying Cheng; pp.53-63.
Further Evidence of Momentum in Corporate Bond Returns; Hai Lin, Xinyuan Stacie Tao, Junbo Wang, and Chunchi Wu; pp.65-97.
The Causes and Consequences of Stock Pledging by Controlling Shareholders: The Case of Taiwan; Alan T. Wang and Anlin Chen; pp.99-129.
Japanese SEOs before the Lost Decade: a Revisit of the Long-Run Stock Performance; Peter Dadalt, Sirapat Polwitoon, and Ali Zadeh; pp.131-148.
Firm Characteristics and Capital Structure: Evidence from ASEAN-4 Economies; Chin Chia Liang, Yuwen Liu, Carol Troy, and Wen Wen Chen; pp.149-162.
Impact of Oversubscription Ratio and Trading Volume on IPO First Three-day Initial Return; Hon-Wei Leow and Wee-Yeap Lau; pp.163-175.
Does Participating in Physical Activities Raise Starting Salaries of Female College Graduates? Evidence from an Asian Society; Shih-Yung Chiu; pp.177-200.
On Market Property Right, Its Cost Components and Economic Significance; Fanhua Zeng, Yangfen Wu, and Wei-chiao Huang; pp.201-211.
The Spillover Effect of the US-China Trade War on Taiwan’s Economy; Peter C.Y. Chow; pp.213-235.
2019, Vol 7, APBBEF
A Consumption-based Evaluation of the Cat Bond Market; Stephan Dieckmann; pp.1-26.
Optimal Trading and Tax Option Value of Defaultable Bonds with Asymmetric Capital Gain Taxes; Peter Huaiyu Chen, Sheen X. Liu, and Chunchi Wu; pp.27-62.
Empirical Analysis of Economic Policy Uncertainty and Stock Returns in Asian Markets; Thomas C. Chiang; pp.63-87. (Drexel University, USA)
A New Perspective on the Fama-French Five-factor Model; Hsuan-Yu Liu and Cindy S. H. Wang; pp.89-107.
The Impact of Corporate Social Responsibility on Financial Performance: Evidence from Commercial Banks in Mongolia; Amy Yueh-Fang Ho, Hsin-Yu Liang, and Tumenjargal Tumurbaatar; pp.109-153.
The Role of Duration and Trades in the Information Assimilation Process of the US Treasury Market; Peter Huaiyu Chen, Kasing Man, Junbo Wang, and Chunchi Wu; pp.155-200.
The Causal Factors behind Rising Non-performing Assets of India’s Commercial Banks: A Panel Study; T. K. Jayaraman, Chin-Yu Lee, and Cheong-Fatt Ng; pp.201-212.
What Makes Listed Subsidiaries Delist in Japan? A Logistic Analysis; Naoyuki Kaneda; pp.213-222.
Not All Firm Entries Are Made Equal: An Exploratory Note; Chin-Yoong Wong and Yoke-Kee Eng; pp.223-230.
Do Unsolicited Bank Credit Ratings Matter to Bank Leverage Decision? Evidence from Asian Countries; Yu-Jen Hsiao, Lei Qin, and Yueh-Lung Lin; pp.231-253.
Determinants of Bank Performance in Chile, Colombia, and Mexico; Alejandro Serrano; pp.255-277.
2018, Vol 6, APBBEF
Related Party Transactions and Institutional Investors in Chinese Listed Companies; Chuan-Yang Hwang, Shaojun Zhang, and Yanjian Zhu; pp.1-25.
Product Market Threat and Corporate Investment; Debarati Bhattacharya, Tai-Yu Chen, and Wei-Hsien Li; pp.27-50.
Discretionary Idiosyncratic Risk, Firm Cash Holdings, and Investment; Van Son Lai , Duc Khuong Nguyen, William Sodjahin, Issouf Soumaré; pp.51-75.
The Economic Cost of Myopic Going Concern Practice; Ren-Raw Chen, Hsuan-Chu Lin, and Michael Long; pp.77-103.
The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry; Chai-Aun Ooi, Chee Wooi Hooy, and Ahmad Puad Mat Som; pp.105-123.
How Do Equity Mispricing and Long-term Growth Opportunities Influence Firm-Level Capital Structure Dynamics of Taiwanese Publicly Listed Firms?; Liang-Wei Kuo, Hsin-Yu Liang, and Yung-Jang Wang; pp.125-155.
How Do Board Structures of Thai Firms Influence on Different Quantile Levels of Firm Performance?; Wonlop Buachoom; pp.157-189.
Information Security Risk and Costs of Capital: Evidence from Taiwan Semiconductor Companies; Yu-Jen Hsiao, Te-Chien Lo, and Sheng-Che Lin; pp.191-206.
The Effect of Institutional Ownership Stability on Cash Dividend Policy: Evidence from Taiwan; Jia-Chi Cheng, Fang-Chi Lin, and Tsai-Hui Tung; pp.207-222.
Role of Institutional Quality on Environmental Kuznets Curve: A Comparative Study in Developed and Developing Countries; Lin-Sea Lau, Chee-Keong Choong, and Cheong-Fatt Ng; pp.223-247.
An Empirical Analysis of the Impact of Employment on the First Birth Decision for Married Women in Taiwan; Huoying Wu and Hwei-Lin Chuang; pp.249-276.
2017, Vol 5, APBBEF
Insurance Contracts and Derivatives That Substitute For Them: How and Where Should Their Systemic and Nonperformance Risks Be Regulated?; Edward J. Kane; pp.1-17.
A Further Equity Premium Puzzle; J. Huston McCulloch; pp.19-26.
Credit Crunch and Saving Glut in Taiwan: Empirical Evidence; Cheng-Few Lee, Chiung-Min Tsai, and Lie-Jane Kao; pp.27-38.
Stock Market Activities and Industrial Production Growth: Evidence from 20 International Markets; Thomas C. Chiang and Xiaoyu Chen; pp.39-75.
Bank Capital Standards and Subordinated Debt Prices; Jin-Ping Lee, Edward M.H. Lin, Min-Teh Yu, and Yang Zhao; pp.77-99.
Accounting Fraud, Audit Fees, and Government Intervention in China; Jingjing Yang and Hao-Chang Sung; pp.101-120.
The Employment Status of Marriage Immigrants in Taiwan; Hwei-Lin Chuang and Eric S. Lin; pp.121-150.
Human Capital Investment Inequality and Rural-Urban Income Gap: Evidence from China; Xiaojun Yang and Wei-Chiao Huang; pp.151-172.
An Operational Efficiency Analysis for Organizational Consolidation in the Business Operating Departments of a Case Telecom Company; Chia-Jung Tu, Yu-Ping Huang, and Tyrone T. Lin; pp.173-187.
Financial Market Variables and Housing Prices: Evidence of Asean+2; Sayyed Mahdi Ziaei and Ghulam Ali Bhazztti; pp.189-201.
Vol 4, CONTENTS
Switching ARCH Models of Stock Market Volatility in Taiwan; Shyh-Wei Chen and Jin-Lung Lin; pp.1-22.
The Determinants of Capital Structure for Small and Medium Enterprises in Taiwan; Hsien-Chang Kuo, Lie-Huey Wang, and Sou-Shan Wu; pp.23-36.
On the Predictive Power of the Black-Scholes Formula: Evidence from Taiwan; Gili Yen and Eva C. Yen; pp.37-46.
How do Monetary Variation and Nonneutrality Relate to Credit Availability?; Ying Wu; pp.47-68.
A Cautionary Note on Extracting Priced Factors in the Conventional Arbitrage Pricing Model; Lie-Huey Wang, Cherng G. Ding, Sou-Shan Wu, and Her-Jiun Sheu; pp.69-80.
Incentive-Based Financing Contract for Small and Medium Business: Design and Survey; Yin-hua Yeh, Chen-en Ko, and Tsun-siou Lee; pp.81-104.
Equity-Style Classification and Investing Strategy: The Application of Artificial Neural Networks; Chung-Hua Shen, Ray Tsaih, Joungyol Lin, and Wei-Yuan Lin; pp.105-118.
Dynamic Index Option Trading Strategies: Direct Forecasting Versus Option Pricing; An-Sing Chen and Yueh-Chung Chu; pp.119-134.
Asia's New Form of Industrial Organization: The Town and Village Enterprises in Chin; Khairy A. Tourk; pp.135-156.
“Hot-Issue” Markets: Taiwan Experience; Chao Chen and Timothy H. Lin; pp.157-172.
Strategic Financing for International Business Expansion; Cheng-Min Chuang, Tung-lung Chang, and Peter Ping Li; pp.173-192.
The Monthly Effect in Taiwan: A Robustness Examination; Che-peng Lin; pp.193-204.
Market Structure and Performance in Taiwan's Banking Industry; Show-Ling Jang and Cheng-Hau Peng; pp.205-218.
Alternative Conditional Volatility Models of Taiwan's Stock Market with Applications to Covered Warrants; Chin-Shen Lee and Huimin Chung; pp.219-232.
Financial Markets Integration and Segmentation Under Regional Economic Blocs: A Dynamic Conditional Correlation Approach; Bwo-Nung Huang and Chin-Wei Yang; pp.233-250.
Valuation of Cross-Currency Two-Way Equity Swaps Without Currency Risks; Yi-Chein Chiang, Len-Kuo Hu, and Szu-Lang Liao; pp.251-276.
Risk-Adjusted Deposit Insurance Premiums for New Banks in Taiwan; Ya-Fen Yao; pp.277-288.
Vol 3, CONTENTS
The Changing Trade Structure in Pacific Basin Countries: Retrospect and Prospect; Peter C.Y. Chow and Mitchell H. Kellman; pp.1-44.
Accounting Standard-Setting Process and Financial Reporting in Southeast Asian Countries: An Evaluation and Recommendations; Bikki Jaggi and Bhabatosh Banerjee; pp.45-66.
Big Business Groups and Bank Reforms in Korea; Taehong Jinn; pp.67-78.
Dividend Omissions, Earnings Reversals, and Future Earnings: A Direct Test of the Dividend Information Hypothesis; Chih-Chiang Fang and Gili Yen; pp.79-92.
Hang Seng Index Options: The Efficiency of a New Market; Raymond C. Chiang, Richard Y.K. Ho, and Eric Y.W. Wang; pp.93-108.
A Comparative Study of the Economies and Financial Markets in Pacific Basin Countries; Cheng-Few Lee, Chunchi Wu, and Alice C. Lee; pp.109-140.
Competition in Trade between China and ASEAN; Chew Soon Beng and Liu Yunhua; pp.141-160.
Price Limits, Market Crash and IPO Long-Run Performance: A Case Study of Taiwan; Chih-Chiang Fang and Gili Yen; pp.161-174.
The Asset-Liability Structure of Australian Banks: Firm-Specific Factors; Jonathan Batten; pp.175-204.
The Unique Pattern of Foreign Direct Investment by Overseas Chinese in the Mainland; Khairy A. Tourk; pp.205-228.
Vol 2, CONTENTS
Implications of Mainland China and Taiwan's Joining WTO on Cross-Straits Economic Relations; Wuu-Long Lin; pp.1-14.
Regulating Futures Trading in Mainland China: A Reflection; Raymond Chiang; pp.15-22.
The Futures Market in Mainland China: A Growing Perspective; Tian Yuan; pp.23-32.
The Embryonic Development of a Stock Exchange in Communist China: The Shanghai Securities Exchange; Chuen-mei Fan and Liang-Shing Fan; pp.33-42.
Seasonality in International Portfolio Diversification; Gordon Y.N. Tang and Johnny K.H. Kwok; pp.43-52.
Capital Structure, Market Fundamentals, and Stock Returns: The Case of the Taiwan Stock Market; Chau-Chen Yang; pp.53-80.
International Diversification: A Focus on the Pacific Rim; J. Kenton Zumwalt and Christopher A. Parrillo; pp.81-92.
Empirical Investigation of the Efficiency of the Hong Kong Traded Warrants Market; Kam-hong Kwok; pp.93-108.
The Cost Structure of Philippines Banks; Ming-Hua Liu, Kah Hwa Ng, and Nanda K. Rangan; pp.109-120.
A Study of Financial Deregulation and Internationalization in Taiwan, the Republic of China; Peter Pei-Ta Yang; pp.121-158.
The Integration of International Capital Markets; Yong-chern Su and Chunchi Wu; pp.159-182.
Bringing Futures to Asia; K.C. Leong; pp.183-192.
Does the Underpricing of Unseasoned New Issues Imply Profitable Opportunity? An Aggregate Empirical Analysis; Eva C. Yen and Gili Yen; pp.193-202.
International Cooperation on Competition Policy: Issues, Existing Models, and Implications for Asia-Pacific Countries; Rong-I Wu and Yun-Peng Chu; pp.203-226.
Environmental Responsibility and Disclosures in the Global Business Environment; Bikki Jaggi; pp.227-244.
Japanese Toehold Investment in U.S. Companies: Some Empirical Evidence; Carl R. Chen and Nancy J. Mohan; pp.245-262.
The Sino-British Accord and the Changing Industrial Structure of Hong Kong; Ira Horowitz; pp.263-284.
On the Determinants of Mergers in the Manufacturing Sector: Japan Versus the United States; Kun-Ming Chen and Gili Yen; pp.285-320.
Public Pensions and the Factor Intensity of Manufacturing in Taiwan; Jain-Rong Su, Tsu-Han Yang, Ching-Huei Chang, and Sheng-Cheng Hu; pp.321-344.
Reexamining the Hedging Behavior and Investors’ Risk Aversion in the Currency Futures Markets: Mean-Variance Versus Extended Mean-Gini Approach; Dar-Yeh Hwang, Yu-Tsung Lin, Chung-Hua Shen, and ShouShan Wu; pp.345-358.
Vol 1, CONTENTS
Outlook for Japan-EC-United States Political-Economic Relations; Richard J. Sweeney; pp.1-14.
New Economic Policies for the United States; Jack Clark Francis; pp.15-18.
Japan and the Threat of Laura Tyson; Jeremiah J. Sullivan; pp.19-32.
An Overview of Recent Economic Development in China; Wuu-Long Lin and Thomas P. Chen; pp.33-48.
Linkage Effects of Foreign Enterprises on Chinese Economy: Problems and Prospects in the 1990s; Peter C.Y. Chow; pp.49-62.
Linkage Effects of Foreign Enterprises in China: Problems and Prospects－Comment; Chao-Nan Liu; pp.63-66.
Financial Systems in China; Frank C. Jen; pp.67-80.
Trade Policy of Taiwan; Rong-I Wu; pp.81-96.
A Reevaluation of Taiwan Domestic Economic Policy: A Political-Economy Approach; Pai-Hsien Pang and Shih-Meng Chen; pp.97-108.
China's Foreign Exchange Rate Policy; Jizu Wang; pp.109-120.
Trade and Investment Across the Taiwan Straits: Maintaining Competitive Advantage, Pursuing Complementarity; Koong-lian Kao; pp.121-130.
Privatization and Productivity Growth in China: 1979-1990; Chi-Chu Chou; pp.131-144.
Japan's ODA and Its Role in China's Economic Reform; David C. Cheng; pp.145-162.
A Comparative Study of Economic Development: The Case of Shanghai and Taiwan; Cheng-Hsien Chang, Chung Chen, Peter E. Koveos, and Yi-Min Zhang; pp.163-182.
Economic Relationships Between Taiwan and China; M. Dutta; pp.183-196.
Globalization of the Taiwanese Economy and U.S.-Taiwan Trade Relations; Frank S.T. Hsiao and Mei-chu W. Hsiao; pp.197-214.
The Pattern of U.S.-Asian Pacific Rim Trade, 1965-1987; Catherine Y. Co and Ira N. Gang; pp.215-228.
An International Comparison of the Accuracy of Analysts' Forecasts of Earnings; Jang Youn Cho and Andrew Pitcher; pp.229-246.
Earnings Forecasting in Efficient Japanese Portfolios; John B. Guerard, Jr., Makoto Suzuki, and Unmesh Bhide; pp.247-266.
The Role of Marketing in the Development of a High-Technology Industry in Taiwan: Strategic Marketing Efforts of the Government and the Firm; Tung-lung Chang; pp. 267-278.
A Comparative Study of the Weekend Effects in the United States, British, and the Pacific Rim Stock Markets: An Application of the ARCH Model; Bwo-Nung Huang, Yu-Jane Liu, and Chin W. Yang; pp.279-292.
Corporate Ownership Structure and Corporate Governance Mechanism: With Experience of Korean Firms; Ungki Lim; pp.293-310.
.Pricing Deposit Insurance in Taiwan; Jin-Chuan Duan, Mao-Wei Hung, and K. Thomas Liaw; pp.311-320.
The United States, Japan, and the Emerging Stock Markets of the Pacific Basin: A Test of Intertemporal Stability and Bloc Effect; Richard A. Ajayi, Jongmoo Jay Choi, and Seyed M. Mehdian; pp.321-336.
Excess Returns of Unseasoned New Issues in Taiwan: An Institutional Perspective; Gili Yen, Eva C. Yen, and S. Chen; pp.337-348.
The Performance of Mergers Between Mutual Banks and Credit Cooperatives in Japan; Yasuo Hoshino; pp.349-364.