19 articles in this issue
Muhamad Muda,Amir Shaharuddin,Abdelhakim Embaya
This paper is conducted to compare the determinants of profitability of the domestic and foreign Islamic banks operating in Malaysia. The Generalized Least Square (GLS) is employed with unbalanced panel data on seventeen Islamic banks, using quarterly dat... see more
Asrafuzzaman .,Amit Roy,Sanat Das Gupta
This study attempts to investigate the evidence of twin deficits hypothesis, that is, the simultaneous existence of fiscal and foreign trade account deficits in Bangladesh. In this regard this paper examines the causal relationship between budget deficit ... see more
Mohamed Karim,Mohamed Bouzahzah
Via an unconditional sensitivity analysis, we wish to check that the variability of the model as a whole is not too important in the event of simultaneous modification of all the parameters. To do this, the Gaussian quadrature method is implemented as dev... see more
Han-Ching Huang,Yong-Chern Su,Chun-Chi Shih
This study investigates the convergence process toward efficiency of daily top losers. We find that significance of order imbalance coefficients decreases with increasing time interval, indicating evidences on convergence to market efficiency. A time-vary... see more
Suppanunta Romprasert
ASEAN Economic Community is active in Blueprint on 20 November 2007. One activity is exports with free movement of goods and services, investment, skill labors and free flow of capital. It implies that number of outputs will be crated relating to use more... see more
Kamal A. El Wassal
This paper aims to provide a framework for the main determinants of stock market development. Assessing stock market development requires not only an understanding of its main determinants but also a clear definition of what “stock market development” mea... see more
Tarek Ghazouani
The objective of this paper is to study the capital structure of firms and the explanation of their behavior in the context of trade-off theory. It analyzes the determinants of capital structure of Tunisian firms through the existence or not of a dynamic ... see more
Zouheir Mighri,Faysal Mansouri
This research examines the time-varying conditional correlations to the daily stock index returns. We use a dynamic conditional correlation (DCC) multivariate GARCH model in order to capture potential contagion effects between US and major developed and e... see more
Yen-Hsien Lee,Ya-Ling Huang,Shiuh-Sheng Hsu,Chien-Han Hung
This study adopts data envelopment analysis with Tobit regression analysis to measure the efficiency and investigate the influence of corporate governance on the efficiency of the biotechnology and medical equipment industries in Taiwan. The empirical res... see more
Chang-Yi Hsu,Jean Yu,Shiow-Ying Wen
In this study, we examine the analysts’ behavior in the pre-crisis and post-crisis period for IPO firms in the U.S. from 2005 to 2011. By controlling variables size, the proxy of underpricing, the number of the IPO firms and whether the company is listed ... see more
Imen Mahmoud,kamel Naoui,Hatem Jemmali
The purpose of this article is to provide a survey of the presence of speculative bubbles. The empirical study uses a new technique borrowed from statistical physics suggested by Pincus (1991). We use approximate entropy to test the presence of bubbles in... see more
Giray Gozgor
This study investigates whether stochastic properties of the unemployment rate in ten Central and Eastern European Countries (CEE) countries: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia can be ... see more
Guglielmo Maria Caporale,Alaa M. Soliman
This paper analyses the relationship between monetary policy and the stock market with the aim of gaining new insights into the transmission mechanism of monetary policy. The empirical findings shed light on the importance of stock prices for money demand... see more
Selim Yildirim,Bilge Kagan Ozdemir,Burhan Dogan
The interplay between the development of financial markets and economic growth is either undermined or considered to be debilitating for the economic performance after the recent global credit crisis. Such economic situations may arise due to the as... see more
Samih Antoine Azar
This paper analyses the statistical behavior of the US dollar, against nine different currencies, over the float period, with a monthly data set. The martingale hypothesis is rejected for all currencies. However, all currencies have a unit root. There is ... see more
Zeki Dogan,Ali Deran,Ayse Gul Koksal
One of the main problems of multinational companies occurs while determining the transfer pricing methodology on transfer pricing. Nevertheless, there are many different factors that influence the transfer prices. These factors can be classified as legal,... see more
Hoda Abd el Hamid Ali
-
Omer Iskenderoglu,Serpil Tomak
This paper examines the relationship between competition and stability in the Turkish banking sector using quarterly bank level data of 15 private commercial banks (domestic and foreigned-owned) between 2002-2012. There have been many theories stand out o... see more
Fabio Pizzutilo
We investigated the profitability of a simple and easily implementable pairs trading strategy that included trading costs and restrictions to short selling so as to replicate an effective strategy exploitable by an individual investor. Notwithstanding the... see more