This paper utilizes VAR techniques to examine the relationship between a policy related variable and selected macro-variables in China. Johansen’s cointegration tests fail to find a moving equilibrium among the related variables. Based on a VAR model in first differences, we find that an...

This study evaluates equity mutual fund performance in the Chinese mutual funds industry by employing Goetzmann and Ibbotson's (1994) method. The data set consists of all open-end equity mutual funds in China and is free of survivorship bias. The research period covers January 2002 to December...

This study analyzes the efficiency of the banking industry in Ghana over the period of 2001-2010 using the data envelopment analysis. The study investigates the impact of size, capitalization, loan loss provision, inflation rate and GDP growth rate on Ghana's bank efficiency using both static...