Showing 1 - 8 of 8
that an individual petty corrupt behaviour is a consequence of the theoretically-optimal behaviour for the risk …) occasionally for the risk-seeking official, who subjectively underweight rare event and its probability. …
Persistent link: https://www.econbiz.de/10009482177
This paper presents a study of asset price volatility, correlation trends and market risk-premia. Recent evidence … correlation are trended up-wards. We estimate a linear model of the market risk-return relationship nested in an EGARCH …(I,I)-M model for conditional second moments. We then show that traditional estimates of the conditional risk-return relationship …
Persistent link: https://www.econbiz.de/10009482285
. China's impending commitments as a result of its entry into the World Trade Organization (WTO) further provide the …?" We address this question by first examining the legacy of China's telecommunications reforms. We then propose the …
Persistent link: https://www.econbiz.de/10009482031
While there is an influx of foreign investment into China, Chinese companies are also extending their interest overseas … using its flagship brand 'Taitai' from China to the neighbouring Asian countries. Both are able to achieve outstanding … performance and are the rising stars of China being labeled as the "hidden dragons". More of these enterprises are expected to …
Persistent link: https://www.econbiz.de/10009482041
This paper investigates the empirical relationship between intraday volatility and trading volume. Our primary data set consists of 5-minute returns and trading volumes for the period between January 1, 2000 and December 31, 2002, for a subset of thirty-nine stocks from the Shanghai Stock...
Persistent link: https://www.econbiz.de/10009482105
This Paper examines the intraday behaviors of bid/ask spreads, depths and their determinants on an order-driven market in the Shanghai Stock Exchange. Our analysis shows that the intraday 5-minute bid/ask spreads display an L-shaped pattern and the depths exhibit an inverted L-shaped pattern....
Persistent link: https://www.econbiz.de/10009482106
This paper investigates the empirical relationship between intraday volatility and trading volume. Our primary dataset consists of 5-minute returns and trading volumes for the period between January 1, 2000 and December 31, 2002, for a subset of thirty-nine stocks from the Shanghai Stock...
Persistent link: https://www.econbiz.de/10009482212
counterparts in the People's Republic of China (PRC). Design/methodology/approach ? Based on the differences in cultural dimensions … dimensions (namely: information utilization, complexity, group decision-making, risk acceptance and technology orientation) than … based on a comparison of cultural differences in a systematic way. Originality/value ? This paper contributes to the …
Persistent link: https://www.econbiz.de/10009482230