In response to the China Securities Regulatory Commission's regulation of private equity placements (PEP) in 2006, this study investigates the impact of the announcements of PEP applications, withdrawals, rejections, approvals, and completions on the returns of the firms that issue private...

We provide new empirical evidence on the relationship among direct tax revenue and banking and non-banking activities in Malaysia's financial system, utilising monthly data for the period 1997–2008. The existence of the long run equilibrium relationship between tax revenue and the financial...

Purpose – The main aim of this paper is to report on a comprehensive survey of corporate financing decision-making process in Sri Lankan listed companies and to compare these results with those of similar studies conducted in developed markets. Design/methodology/approach – The study was...

This study seeks to explore the relationship between financial development and economic growth in Malaysia over the period of 1980 to 2008 using the Kuala Lumpur Composite Index (KLCI) and the Index of Industrial Production (IIP). Focusing on long term relationship, this investigation is carried...

This paper investigates the nature of the links between the development of financial markets and economic performances in five advanced economies. The vector error correction model (VECM) establishes the quantitative importance of long-run relationships among three financial variables and the...

Purpose – This paper aims to investigate the relationship between ownership structure and performance for a comprehensive sample of Chinese listed firms for the years 2000-2004. In particular, the paper seeks to explore the effect of the dominance of state and private blockholders and control...

This article explores the relationship between the level and identity of the largest equity blockholding and the proportion of outside directors on the boards of New Zealand corporations between 2002 and 2007, using models that allow for nonlinearity in the relationship as well as interaction...

This study examines the influence of macroeconomic variables on stock market equity values in Sri Lanka. We use the Colombo all share price index to represent the stock market and (a) the money supply, (b) the treasury bill rate (as a measure of interest rates), (c) the consumer price index (as...

Purpose – This paper seeks to examine the long-run financial and return performance of UK companies which are grouped according to whether or not they have changed their dividends and earnings. Prior research has been conducted using US data and they are limited to extreme dividend changes...