Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...

Purpose – The literature on positive feedback trading has grown considerably in recent years. The purpose of this paper is to provide a review of the theoretical and empirical literature on positive feedback trading and especially the literature related to the Sentana and Wadhwani (1992)...

This paper, using Hong Kong as a test case, challenges one conventional theory and confirms another one in law and finance study: (i) legal families in relation to stock market development; (ii) transplant effect of foreign laws. Economists, most notably La Porta and colleagues, allege that...

Purpose – The purpose of this paper is to investigate changes in the relative importance to individuals of particular work values during the deterioration of external economic conditions. Design/methodology/approach – The paper employed longitudinal field survey techniques, comparing the...

Purpose – The purpose of this paper is to explore the nature and scope of corporate public reporting of human resource management (HRM) practices in selected Hong Kong companies, to identify the extent and emphasis in the reporting systems. Design/methodology/approach – Content analysis was...

Purpose – The purpose of this paper is to examine the mediating role of occupational safety and health (OSH) on the relationship between high performance human resource practices (HPHRP) and organizational performance. Design/methodology/approach – The authors collected data from 227 human...

With a focus on the purchasing behaviour of parents buying luxury brands of infant apparel, this paper considers the concepts of buying roles, conspicuous consumption/social consumption motivation, and materialism. A survey of 134 mothers who had purchased luxury brands of clothing for their...

Purpose – The purpose of this paper is to present a study that compares ownership and usage of new media among young “tween” consumers in Denmark and Hong Kong. Further, it shows the ways of finding new interesting web sites. Design/methodology/approach – In 2004‐2005 a survey was...

Purpose – This paper aims to examine how gender differs in environmental attitude, environmental concern, perceived seriousness of environmental problems, perceived environmental responsibility, peer influence, self identity in environmental protection and green purchasing behavior in Hong...

Purpose – The aim of the research reported in this paper was to identify for which types of products and services consumers find the advertising to lack credibility and in which media this effect is most serious. The association between self‐esteem and skepticism towards advertising was also...