Shen, Chung-Hua; Lin, Kun-Li - In: Emerging Markets Finance and Trade 46 (2010) 5, pp. 90-105
This study investigates whether corporate governance affects the impact of the relationship between fundamental signals and stock returns using Taiwanese data. The study employs the endogenous switching model (ESM) of Hu and Schiantarelli (1998), which combines the response equation and...