The growth of Hong Kong SAR's corporate bond market has accelerated considerably since the global financial crisis, suggesting that local corporations increasingly regard market-based financing as a workable alternative to bank-based funding. The acceleration was driven by both cyclical and...

Market sentiments influence the dynamics of Hong Kong’s macro-critical property market, but the unobservable nature of market sentiments makes it difficult to assess systemically this sentiment channel. Using text-mining techniques, this paper sets up a news-based property market sentiment...

Manufacturers recognize that trusting, long‐term relationships with suppliers can contribute to improving the quality of their products. However, developing these relationships has proved quite challenging. This study uses the theory of co‐operation and competition to specify the nature of...