This study applies linear and nonlinear Granger causality tests to examine the dynamic relation between London Metal Exchange (LME) cash prices and three possible predictors. The analysis uses matched quarterly inventory, UK Treasury bill interest rates, futures prices and cash prices for the...

No prior research has (1) studied the relation between gold and stocks for the four severe bear markets since 1960s, (2) used different segments of stock markets simultaneously for analysis and (3) implemented a system of equations to control for exogenous and endogenous variables to investigate...

The effect of employee bonus plans may be difficult to ascertain empirically if the size of bonus is not large enough in magnitude compared to base salary. This study makes use of data from Taiwan where employee bonus payments are not only mandated by law but are quite often several times a...