Purpose – The purpose of this paper is to investigate whether mutual fund investors can make effective cash flow timing decisions and examine the sensitivity of these decisions to past fund performance using cash flow data at the individual fund level.Design/Methodology/Approach – This study...

Stock economic time series, such as end-of-month inventories, arise as the cumulative sum of monthly inflows and outflows over time, i.e., as accumulations of monthly net flows. In this article, we derive holiday regressors for stock series from cumulative sums of flow-series holiday regressors....

This study investigates the determinants of bank default probability and the predictive performance of the logit and the hazard models. Using accounting and market price information in the Taiwan bank sector for the period 1999 to 2010, the result shows both models provides adequate default...

Purpose – The purpose of this paper is to investigate whether mutual fund investors can make effective cash flow timing decisions and examine the sensitivity of these decisions to past fund performance using cash flow data at the individual fund level. Design/methodology/approach – This...

This study investigates the determinants of initial public offering (IPO) underpricing by focusing on variables relating to information asymmetry, investor sentiment, and corporate governance and examines whether the determinants of IPO underpricing in high-technology and non-high-technology...

This study investigates the direction of Granger causality between outward foreign direct investment (OFDI) and firm’s total factor productivity (TFP). Using a dataset of 347 large enterprises listed on the Taiwan Stock Exchange over the period 1997-2005, the result shows a one-way causality...