This paper uses GARCH (1,1)-M modelling to examine the relationships between the systematic risk and the stock return in the banking industry in Taiwan, Hong Kong, and China from 1995 through 2003. The banking industry comprises the large banks and the small-medium size banks. A comparison of...

This article evaluates equity value by option pricing model taking a consolidated financial institute as a new portfolio to analyze consolidated situation of risk and equity value. Besides finding how the banks selecting portfolio to maximizing net equity value subject to capital regulation...

This study is designated to investigate the impact on market quality stemming from the reduction in transaction tax during the early stages of the development of Taiwan Futures Exchange (TAIFEX). Alongside an examination of the various impacts on market liquidity, volatility and government tax...