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Volume 30 Number 5 Year 2014

23 articles in this issue 

Frederic Teulon, Khaled Guesmi, Salma Fattoum

This article studies the dynamic return and market price of risk for Chinese stocks (A-B shares). A Multivariate DCC-GARCH model is used to capture the feature of time-varying volatility in stock returns. We show evidence of different pricing mechanisms e... see more

 

Rashidah Abdul Rahman, Ahnaf Alsmady, Zuraeda Ibrahim, Aliyu Dahiru Muhammad

The results of the analysis revealed that factors, such as the level of understanding risk management, risk assessment and analysis, risk control, and monitoring, feature more prominently in Malaysian Islamic Banks than in their Jordanian counterparts. Ho... see more

 

Chanyoung Eom

This paper questions if the anomaly in the events of seasoned equity offerings has remained significant after it was first documented and analyzed in the year 1995. I find that U.S. domestic firms issuing primary and combined SEOs underperform in the thre... see more

 

Yunsung Koh, Hyunjung Choi, Sohee Woo

This paper examines the relationship between an auditors characteristics and the incidence rate of its client subject to the Accounting and Auditing Enforcement Release. Using the sample of AAERs from 2002 to 2006, we find that when a firm is audited from... see more

 

Paulo Duarte Silveira, Cristina Galamba Marreiros

Shopper marketing is a recent approach to marketing. Since shopper marketing is in the early stages of development, it is also an emerging research field and, consequently, questions and challenges to this approach are emerging across all the marketing-mi... see more

 

John Muteba Mwamba

This paper implements two types of framework to investigate the outperformance, selectivity, and market timing skills in hedge funds: uncertainty and probability. Using the uncertainty framework, the paper develops an uncertain fuzzy credibility regressio... see more

 

Tarek Ben Noamene

This paper's objective is to study the issue of employee ownership in the context of corporate governance. We show first that the literature is controversial on the role that employees-shareholders may play in the corporate governance system and consequen... see more

 

Seungjae Shin, Won-jun Lee, Dustin Odom Odom

As the Smartphone adoption rate increases, Smartphone users pay more attention to mobile payment. There are several options for mobile payment but there is no dominate method. Proximity mobile payment is the newest form of mobile payment. Security, cost, ... see more

 

Hong Zhao, Peiyu Ou, Jerry W. Lin, Junrui Zhang

Introducing foreign strategic investors is a vital step in Chinas ownership reform of commercial banks. Using data from 81 commercial banks in China between 1995 and 2010, we investigate the effects of introducing foreign strategic investors and ownership... see more

 

Maria Malik, Difang Wan, Muhammad Ishfaq Ahmad, Muhammad Akram Naseem, Ramiz Ur Rehman

This paper examines the relationship between board size and firm performance. This relationship is tested in the light of Pareto Approach for Pakistani banking sector. For this purpose a sample of fourteen listed commercial banks of Pakistan are taken for... see more

 

Abdesamad Zouine, Pierre Fenies

Many articles have been written on enterprise resource planning success in the last two decades in both the public and private sector. An important number of empirical studies attempt to delineate the steps of ERP project integration and their specificiti... see more

 

Maria-Lenuta Ciupac-Ulici, Mircea-Cristian Gherman, Anissa Chaibi, Christophe Rault

This paper contributes to the existing literature by investigating how recent developments in stochastic dominance can be implemented to better understand the statistical characteristic of distributions associated with traded financial assets. In particul... see more

 

Pei-Hui Hsu, Yao-Min Chiang

Studies often use earnings management to explain the setting of assumed expected rate of return (ERRs) on pension assets in the defined benefit plans. In this paper, we argue that a managers risk attitude toward investment may have an impact on setting ER... see more

 

Habib Hasnaoui, Ibrahim Fatnassi

In the current study, we investigate the effect of the subprime financial crisis on the time-varying beta of 10 U.S. industrial sectors. We use daily data, during the period 2002 through 2014, and the bivariate BEKK-GARCH model to the conditional capital ... see more

 

Jamal Ouenniche, Bing Xu, Kaoru Tone

Xu and Ouenniche (2012a) proposed an input-oriented radial super-efficiency Data Envelopment Analysis (DEA) based model to address a common methodological issue in the evaluation of competing forecasting models; namely, ranking models based on a single pe... see more

 

Dominique Geyer, Christoph Drechsler

Benfords law states that the frequency of first significant digit in certain samples decreases as those digits increase. This law is used in accounting to find rounding behavior. Several studies provided evidence that firms may round up earnings when they... see more

 

Charles F. Beauchamp

Master limited partnerships have grown in size, number, and economic importance over the past fifteen years. They now represent a stable and healthy component of many investment portfolios. MLPs have generated impressive risk-adjusted performance compared... see more

 

Elikanami Ole-Meiludie, Sizwe Mashinini, Chun-Sung Huang, Kanshukan Rajaratnam

Research has shown that the performance of defensive sectors is consistent during a recession. However, whether such consistency still holds during periods of market crisis, which is considered an economic anomaly, is not immediately obvious. This paper p... see more

 

Hachmi Ben Ameur, Jerome W. Senanedsch

This paper empirically analyses the performance of Socially Responsible Investments (SRI) by applying an asymmetric BEKK GARCH model which estimates conditional systematic risk and varying risk premiums. We evaluate the performance of SRI from an internat... see more

 

Heejin Park, Jinsoo Kim, Mihye Ha, Sambock Park

Based on a sample of Korean firms listed on the KOSPI and KOSDAQ from 2001 to 2011, we examined whether the affiliation of a firm with a Chaebol group affects the sensitivity of stock prices to earnings surprises. We found that the market response to posi... see more

 

Intaher Marcus Ambe

This article explores supply chain challenges faced by light vehicle manufacturers in South Africa and determines how difficult the challenges are to overcome. A mixed research design was employed. The supply chain challenges revealed in the findings were... see more

 

Jens Blumrodt

The sport entertainment industry has its most famous representative in Europe. Hundreds of professional football clubs are playing in their European football leagues. They attract supporters in front of the screen and in stadiums. The clubs in competition... see more

 

Pushpa Agrawal, Steven C. Hall

This study focuses on the information technology (IT) outsourcing decision and asks whether reported financial statement data can measure short-term financial effects of the IT outsourcing decision and thus add to the literature on the benefits of outsour... see more