This paper evaluates the respective impacts of investor protection on the R 2 and systematic risk of closed-end country funds (CECFs). The empirical results reveal that both the R 2 and systematic risk of CECFs of those countries with English legal origin are significantly lower than those of...

Using 'American depository receipt' (ADR) data on various countries, this paper sets out to investigate the relationship between investor protection and firm liquidity. Since weak investor protection and poor economic prospects lead to greater expropriation by managers - and thus greater...

We examine the impact of decimalization on the relative changes in trading costs, informed trading, and speed of information transmissions between Exchange Traded Funds (ETFs) and their corresponding index futures. The quotes of ETFs are decimalized on January 29, 2001, while those of index...

We set out in the present study to examine the market value of comprehensive disclosure of information relating to the compensation paid to directors and executives. Under the theory of self selection, firms with higher levels of board independence will tend to provide comprehensive disclosure...

We investigate the return and volatility spillovers between a Fintech ETF and the ETFs of the traditional financial industry with an empirical network model. We find that the traditional financial ETFs are still the main givers, and the Fintech ETF is the net receiver. The Fintech ETF does not...

We set out in this study to examine the market value of comprehensive disclosure of information relating to compensation paid to directors and executives. It is argued that firms with higher levels of board independence would self-select to provide comprehensive disclosure of compensation,...

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...

The dynamic logit model (DLM) with autocorrelation structure (Liang and Zeger Biometrika 73:13–22, <CitationRef CitationID="CR26">1986</CitationRef>) is proposed as a model for predicting recurrent financial distresses. This model has been applied in many examples to analyze repeated binary data due to its simplicity in computation and...</citationref>

This paper explores how the fearful market-based sentiment indicators affect investor trading behavior and market liquidity. Our results show that a high degree of fearful market-based sentiment induces more sell orders along with a reduction in market liquidity, and vice versa. In addition,...