Purpose – The purpose of this paper is to ascertain whether religions parables are relevant to finance. Design/methodology/approach – In the Gospel, one may find parallels to the capital asset pricing model in the context of the parables of the kingdom of God. For instance, the duality in...

This study examines empirically how risk management, financial management, and capital management are related to each other in the property/liability insurance industry, thereby reflecting interactions in managerial decisions such as the choice of derivatives and reinsurance use, the allocation...

This paper explores the cost and profit efficiencies of banks in China from 1996 to 2005 and their relation to the economic growth. We adopt the one-step stochastic frontier approach to estimate the cost and profit frontiers and efficiencies. The profit efficiency of banks has been improved...

Most companies use payback period in capital budgeting though it is often criticized lack of the concept of time value of money. Why should people like payback period so much? I list literature and illustrate models of both constant cash flows and stochastic cash flows. In these two models,...

This study is to explore differences between banking systems in Taiwan and China. We propose to study and assess the cost and profit efficiencies of the commercial banks and their relationships with the scope economies. The empirical evidence shows that the banks in Taiwan are operated more...