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Volume 34 Number 2 Year 2018

16 articles in this issue 

Leem Wook-Bin, Jee Hoon Yuk

This study investigates whether the cost of capital of Korean listed firms was substantially reduced after the IFRS adoption in long-term aspect and which firms listed in KOSPI or KOSDAQ market had been more enjoyed the benefit. Prior studies related to t... see more

 

Soo-Hyun Kim

Measuring risk is the key component in many asset pricing models. Although volatility is the most widely used measure for the risk, Value at Risk (VaR) and Maximum drawdown (MDD) are also considered as alternative risk measure. This article questions whet... see more

 

Tola Zizile, Chimucheka Tendai

The study investigated the importance of entrepreneurial competencies on the performance of women entrepreneurs in East London, South Africa. The objectives of this study were to identify key entrepreneurial competencies that influence the performance of ... see more

 

Jifu Wang, Yuzhu Diao, Xisheng Li, Liza Lybolt

This paper systematically elaborates the theory of productivity in consumption society, the mainstay theory in Dr. Bingxin Wu’s (Wu, 1997, 2008, 2011, 2013, 2015 & 2017) comprehensive consumption theoretical system.  An analysis on history and curren... see more

 

Zheng Wang, Yongjune Kim

As the e-commerce market evolves from being primarily transactional to being more subtle, sellers now seek to form online strategies. Previous studies have investigated buyers’ purchasing patterns, online transaction trust, electronic word-of-mouth, onlin... see more

 

Dae-Hyun Kwon

This study examines the relation between cost asymmetry and stock option grants. I posit that managers’ incentives to decrease the strike price of subsequent option awards may affect manager’s resource adjustment decisions. Using U.S. firm data, I find th... see more

 

Murat Ocak, Evrim Altuk Ozden

The purpose of this paper is to examine the effect of signing auditor-specific characteristics on the audit report lag using 968 firm-year observations from Borsa Istanbul in the period 2008-2013. The main findings indicate that the gender and education l... see more

 

Zeleke Worku

The textile industry of the City of Tshwane has been overwhelmed by cheap imports from countries such as China, India, Pakistan, Bangladesh, Malaysia, South Korea and Vietnam. Although support is provided to black entrepreneurs in the textile industry of ... see more

 

Daecheon Yang, Kyoungwon Mo

This study examines the monitoring role of institutional investors in both mitigating the degree of downward-sticky CEO compensation and alleviating the undesirable effects of the sticky compensation on shareholder wealth. Particularly, we parallel the li... see more

 

Young-Hee Kang, Kyunga Na, Yang Sok Kim

Despite the great amount of attention to emerging markets, much still remains unknown about firm performance in emerging economies. To fill this gap, this study aims to investigate factors that influence labor productivity of firms in Brazil, China, India... see more

 

Salma Zaiane

The aim of this paper is to study the impact of political uncertainty, driven by the Tunisian Revolution, on return and volatility of major sectorial stock indices in the Tunisian Stock Exchange. We specifically use EGARCH (1.1) model from 01/12/2010 to 3... see more

 

Soo Yeon Park, Younghyo Song

This paper examines the effect of ownership structure on firm-specific stock price crash risk using listed firm (KOSPI) data in Korea. Prior literatures suggest that corporate governance has an impact on the level of disclosure and the quality. Managers m... see more

 

Kyungkook Im, Chaechang Im

Overall, this paper examines and finds the relation between the ratio of accounting treatment for capitalization of research and development expenditure (RCR&D). The theoretical model derived from panel analysis resource on Korean defense industry informa... see more

 

Shamim Akhtar, Yanping Liu

Financial statements comprise of insightful statistics about likely risk and the return associations of many decisions and have significant role in firms’ success, particularly for SMEs. Thus, through a sample of 94 Pakistani small and medium enterprises ... see more

 

Jieun Choi

Previous research on message framing has argued that fit between message framing and consumer regulatory focus influences consumer response. That is, positive frames are more persuasive for promotion-focused individuals, while negative frames are more per... see more

 

Yufan Shang, Jun Xu, Fuli Li, Xinyu Zhao, Haiyun Li

Scant research has focused on how to increase the value of monetary rewards when they are delivered by leaders to employees. Drawing upon the perspectives of sensegiving and sensemaking, this study explores how leaders generate meanings of monetary reward... see more