In this study, we mathematically model and empirically investigate the operational performance of container-vessel schedules under three management policies: the non-collaborative policy, the slot-sharing policy, and the total-sharing (the total collaboration) policy. A hypothesized shipping...

We examined the lead-lag relationship between the Samp;P/ASX200 Share Price Index as the underlying security of the Samp;P/ASX 200 Index Options traded on the ASX.We investigated the information content of the index and option markets in the price discovery process. Based on conditional...

Unsatisfied with little evidence provided on various hypotheses concerning the revenue-expenditure relation in China, this paper is an empirical endeavour to fill the gap through a battery of econometric tests for causality based on VEC and VAR models. A more comprehensive testing strategy for...

Investment competition between local governments is a well-reported phenomenon accompanying the stage of economic take-off in China. Thus it is of important practical significance to investigate how the central bank can effectively realise its objectives in the context of such a competition when...

Following recent studies on evolving stock markets in some of the European transition economies, we revisit the weak-form efficiency of China's stock markets by examining its changing behavior over the entire history of the Shanghai and Shenzhen Stock Exchanges for which data are available. The...

This short paper studies the efficient market hypothesis using four New Zealand Stock Exchange indexes (NZSE 10, NZSE 30, NZSE 40, and NZSE SC) within the random walk, cointegration and Granger causality test framework. The test results have shown that the small-firm stock market is semi-strong...

This paper employs newly developed techniques of nonlinear cointegration analysis to study international stock market integration. The stock price indexes of Australia, Japan, New Zealand, the United Kingdom and the United States are used in both linear and nonlinear cointegration tests on...