This paper explores the cost and profit efficiencies of banks in China from 1996 to 2005 and their relation to the economic growth. We adopt the one-step stochastic frontier approach to estimate the cost and profit frontiers and efficiencies. The profit efficiency of banks has been improved...

Most companies use payback period in capital budgeting though it is often criticized lack of the concept of time value of money. Why should people like payback period so much? I list literature and illustrate models of both constant cash flows and stochastic cash flows. In these two models,...

This study is to explore differences between banking systems in Taiwan and China. We propose to study and assess the cost and profit efficiencies of the commercial banks and their relationships with the scope economies. The empirical evidence shows that the banks in Taiwan are operated more...

This article investigates the dynamic and stochastic behaviour of the beta coefficient of the one-factor international capital market asset pricing model (ICAPM), and its implications for the pricing of stock markets at the country level and the forecasting of stock returns in global stock...

This research uses Data Envelopment Analysis (DEA) models to examine the alignment of health insurers' efficiency measures from different perspectives. It also analyzes the linkage between efficiency measures and asset allocation as well as traditional financial ratios including medical loss...

This article examines the dynamic and stochastic behavior of the beta coefficient (to be referred to as the currency beta) of the unbiasedness hypothesis (UH) in foreign exchange markets. We argue that the dynamics and stochastics of currency betas can be attributed to the dynamic behavior...