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ISSN: 2146-4138    frecuency : 4   format : Electrónica

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Volume 3 Number 3 Year 2013

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

Pags. 559 - 569  

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

Pags. 570 - 579  

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

Pags. 580 - 590  

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

Pags. 591 - 601  

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

Pags. 602 - 605  

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

Pags. 606 - 624  

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

Pags. 625 - 636  

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

Pags. 637 - 661  

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

Pags. 662 - 672  

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

Pags. 673 - 682  

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

Pags. 683 - 693  

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

Pags. 694 - 700  

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

Pags. 701 - 709  

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

Pags. 710 - 722  

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

Pags. 723 - 733  

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

Pags. 734 - 742  

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

Pags. 752 - 762  

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

Pags. 763 - 771