Purpose – The objective of this paper is to assess the relative efficiency of 12 selected Asia Pacific countries in their development of knowledge‐based economies (KEs). Design/methodology/approach – The performances of the selected countries are evaluated using data envelopment analysis...

The collapse of the Malaysian exchange rate and the stock market during the Asian financial crisis had elevated uncertainties in the financial market and increased the instability of the bank stock returns. Whilst it is commonly known that the crisis rooted from a complex interplay of various...