Purpose – The purpose of this paper is to discuss issues relating to stress testing methods for credit risks in banks. Also, it suggests a solution to bank supervisors on evaluating stress test results. Design/methodology/approach – Discussion is based on cases analysis on a stress period of...

Although reasonably well developed in the general management literature, the source and use of power in organizations has received little attention in relation to its effect on the management of construction projects. This paper reviews the literature on power and its relationship to both formal...

The construction industry in Hong Kong heavily relies on conventional cast in-situ construction involving extensive use of timber formworks and wet trades. In 2001, the Construction Industry Review Committee (CIRC) report described the construction activities in Hong Kong as 'labour intensive,...

Corporate Governance (CG) has been viewed by many in the Western world as a particularly Western concept and mechanism. Current expectations by executive management groups of their Board run the gamut of “sober second thought” and conservative oversight focused on compliance issues, through...

This study looks at the time-varying nature of systematic risk in the Greater China equity markets. The Shanghai and Shenzhen markets both have a low average systematic risk when measured against the world market. The short outbursts in systematic risk for these two markets seem to be directly...

This study introduces a combined method, on the basis of both system dynamics and econometric modeling, in forecasting the office rental values in Hong Kong. The findings suggest that the office rental values in Hong Kong appear to be more fluctuating when the price level of the office ownership...

This study captures the essential elements of the price expectations of market participants in a rising market. Adopting a forward-looking approach, this paper explores the effectiveness of expectations as an indicator of forthcoming housing price changes in Hong Kong. Examination of the...

This paper develops a forecasting model of residential property prices for Hong Kong using an artificial neural network approach. Quarterly time-series data are applied for testing and the empirical results suggest that property price index, lagged one period, rental index, and the number of...

Although there have been many recent studies of the housing market and the possible housing bubble, very few studies take a micro-oriented approach. We construct a repeat-sales housing price index from a new data set for Irvine, California to understand recent trends in its housing market. Our...