This paper examines whether there exists the effect of party alternative on Nikkei 225 stock behavior by the asymmetric GARCH model. The empirical work finds that the transition of ruling party effect is not a crucial variable to Nikkei 225 returns and volatility. Japanese feel apathy and...

Transient three-dimensional heat transfer numerical simulations were conducted to investigate a hybrid PCM (phase change materials) based multi-fin heat sink. Numerical computation was conducted with different amounts of fins (0 fin, 3 fins and 6 fins), various heating power level (2 W, 3 W...

This article examines the relationship of between political activity and TAIEX stock market behaviour by the asymmetric GARCH. The results found that the congressional effect is negative on stock returns but volatility is not significant. The congressional effect on stock market returns...

This paper tries to clarify whether change in political regime has an effect on the behaviour of the stock market in Japan. The empirical study finds that the transition of ruling party effect is not a crucial variable to the Nikkei 225. The alienation felt by the Japanese about the political...