Policies regarding the globalization of financial markets have long been investigated with conflicting results. This paper employs an event study approach with the EGARCH process to examine the effects of lifting restrictions on qualified foreign institutional investors in the Taiwanese stock...

Quantile regression allows one to predict the volatility of time series without assuming an explicit form for the underlying distribution. Financial assets are known to have irregular return patterns; not only the volatility but also the distribution functions themselves may vary with time, so...

This paper examines the recent interactive relationships between crude oil prices and stock performances of alternative energy companies. Oil prices and stock index of alternative energy sector are found independent from each other before late 2006. Contrary to existing studies, however, we find...