This paper examines the relationship between profitability and financial capital for 1,276 small firms in Taiwan over the period 1992-97. The results indicate a statistically positive relationship between profitability and capital growth. When financial capital is further divided into debt and...

This paper examines the stock price behavior in the trading and non-trading periods for stocks listed on the Taiwan Stock Exchange over 1971-96. The results indicate that the trading-time return variances are higher than the non-trading-time return variances especially for the larger...

This paper examines the dividend policy for firms listed on the Taiwan Stock Exchange and test the life cycle hypothesis. The sample involves 6031 observations of dividend payments over the 16-year period 1992-2007. Consistent with the prediction of the life cycle hypothesis, the results...