Purpose – The purpose of this paper is to compare foreign listings on regulated and unregulated exchanges, and civil and common-law companies to test the effects of cross-listing (CL) on the firm's number of analysts and the accuracy of their forecast. Design/methodology/approach – The study...

Purpose – The purpose of this study is to examine whether financial analysts mislead investors in recognizing the differential persistence of the three cash flow components of earnings, defined by Dechow et al., in forecasting annual earnings. Design/methodology/approach – The paper uses...

Purpose – This paper aims to use Australian analysts' forecast data to compare the relative accuracy of consensus and the most recent forecast in the month before the earnings announcement. Design/methodology/approach – Cross-sectional regression is used on a sample of 4,358 company-year...

This publication captures the presentations and discussions of high-ranking government officials and senior representatives from development partners and civil society organizations during the Forum on Building Resilience to Fragility in Asia and the Pacific, held on 6– 7 June 2013 in Manila....

This report reviews Kazakhstan’s progress towards gender equality and women’s empowerment, and focuses particularly on gender issues in the Asian Development Bank’s operations in transport, urban development, and support for entrepreneurship. Since the previous assessment in 2006,...

The Pacific developing member countries of the Asian Development Bank are highly vulnerable to the predicted effects of climate change, including higher sea levels, intense storm surges and cyclones, erratic rainfall patterns, and major temperature fluctuations. This study identifies the effects...

Purpose – The purpose of this paper is to outline the cause of global warming, its trends and consequences as indicated by the International Panel on Climate Change. Sea-level rise is one consequence of particular concern to Pacific Island states. It also reviews the views of economists about...

Purpose – Under the fixed exchange rate regime Fiji's currency, which is pegged to a basket of currencies of its major trading partners, has been experiencing severe pressures. The purpose of this paper is to study annual exchange market pressure (EMP) over a 31-year (1975-2005) period and...

Purpose – The purpose of this paper is to investigate the international information transmission of return and volatility spillovers from US and Japan markets to Asia-Pacific markets using daily stock market return data covering the period (1991-2004). Design/methodology/approach – This...

Purpose – The purpose of this paper is to analyze narrow money demand functions for the Pacific Island countries (PICs) and evaluate their stability. The selected PICs are Fiji, Vanuatu, Samoa (SAM), Solomons and the Papua New Guinea. The stability of the demand for money is vital for the...