Drawing on several theoretical perspectives (e.g., individual motivation, behavioral decision-making, social exchange theories, organizational justice theories, social cognition, institutional theories and neoclassical economics theories) from different disciplines (e.g., organizational...

We examine the price behavior of firms when monetary authority announces measures that can be considered as capital account liberalization. In particular, we investigate the reaction of stock market to the announcement of the relaxation revocation of capital control in Thailand on January 29,...

In this paper we investigate whether the imposition of the unremunerated reserve requirement on capital inflows influences exchange rate volatility and stock prices. Our analysis shows that exchange rate volatility of the Thai baht against four major currencies — the US dollar, the British...

We examine the spillover effects of the unremunerated reserve requirement (URR), which had been implemented in Thailand during 2006–2007, on stock returns through the Thai baht (THB) exchange rate against the euro (EUR) and the Japanese yen (JPY). Based on a sample of 270 firms listed on the...