In this study, we aim to discover whether the performance of Corporate Social Responsibility (CSR) can lead to abnormal returns, i.e., whether the execution of CSR can enhance the generation of abnormal returns. We sort companies according to their ratings in each sector (environmental, social,...

We propose a stepwise test, Step-SPA(k), for multiple inequalities testing. This test is analogous to the Step-SPA test of Hsu, Hsu, and Kuan (2010, Journal of Empirical Finance) but has asymptotic control of a generalized familywise error rate: the probability of at least k false rejections....

We seek to understand why the difference between wages earned by skilled and unskilled labor, the so-called “wage premium”, varies across developing countries, using South Korea and Taiwan as empirical case studies. South Korea and Taiwan are both small developing countries with export-led...