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The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan

Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002

conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the …

Persistent link: https://www.econbiz.de/10014117201

Information Content of Unsolicited Credit Ratings : Evidence from Japanese Firms

Byoun, Soku; Shin, Yoon S. - 2014

Unsolicited ratings are credit ratings of firms that have not requested rating evaluation and therefore do not pay fees. Accordingly, unsolicited ratings are issued solely by the discretion of rating agencies based on public information. Given the controversy surrounding unsolicited ratings...

Persistent link: https://www.econbiz.de/10014101631

Foreign Exchange Interventions and Their Impact on Expectations : Evidence from the USD/ILS Options Market

Hertrich, Markus; Nathan, Daniel - 2022

Using confidential daily data, we analyse how the intervention episode of the Bank of Israel (BOI) from 2013 to 2019 has affected the foreign value of the Israeli new shekel (ILS) and the expectations about its future value. We find that interventions amounting to US dollar (USD) 1 billion are...

Persistent link: https://www.econbiz.de/10013492382

Intraday Volatility in International Stock Index Futures Markets : Meteor Showers or Heat Waves?

Booth, G. Geoffrey; Chowdhury, Mustafa; Martikainen, Teppo - 2022

The international transmission of intraday price volatility among the United States, United Kingdom, and Japanese stock index futures markets in the period 1988-1994 is investigated in this paper. The empirical results based on extreme-value estimators and vector autoregression indicate the...

Persistent link: https://www.econbiz.de/10013309647

Economic Integration in Asia : Quo Vadis Malaysia?

Lean, Hooi Hooi; Ghosh, B.N - 2009

Japan on the other. This study shows that Malaysia is more integrated with China and India than with the United States and … Japan. It is not that global integration is becoming less significant in Malaysia but that regional integration is becoming …

Persistent link: https://www.econbiz.de/10014210242

Price Discovery from Cross-Currency and FX Swaps : A Structural Analysis

Amatatsu, Yasuaki; Baba, Naohiko - 2013

This paper investigates the relative role of price discovery between two long-term swap contracts that exchange U.S. dollars for Japanese yen - the cross-currency basis swap and the foreign exchange (FX) swap - using structural state space models. Our main findings are that: (i) the currency...

Persistent link: https://www.econbiz.de/10014210969

Do foreign investors improve informational efficiency of stock prices? Evidence from Japan

He, Wen; Shen, Jianfeng - In: Pacific-Basin Finance Journal 27 (2014) C, pp. 32-48

This study investigates the impact of foreign investors on the informational efficiency of stock prices in local markets. Using a large sample of Japanese firms over the period 1976 to 2008, we find that prices deviate less from a random walk for stocks with a large change in foreign ownership....

Persistent link: https://www.econbiz.de/10010785045

Stock Option Grants and Managerial Risk Taking : Evidence from Japanese Intraday Stock Return Data

Moriyasu, Hiroshi - 2011

This paper investigates whether stock option grants increase managerial risk taking in Japan by using intraday stock … provides evidence that stock options give managers an incentive to take risk in a research environment that suffers less from …

Persistent link: https://www.econbiz.de/10013121347

The Nail that Stands is Hammered Down : Using Financial Reporting Comparability to Set Peer Groups on Benchmarking for Managerial Compensation in Japan

Hamamura, Jumpei; Inoue, Kento - 2023

In this study, we explore managerial compensation contracts in Japan, based on financial reporting comparability as a … basic peer firms’ setting. Although listed companies in Japan are required to disclose their managerial compensation … peer compensation is adopted as a benchmark for managerial compensation contracts in Japan. Our results propose that …

Persistent link: https://www.econbiz.de/10014351318

Fairness of performance evaluation procedures and job satisfaction : the role of outcome-based and non-outcome-based effects

Lau, Chong M.; Wong, Kuan M.; Eggleton, Ian R. C. - In: Accounting and business research : a research quarterly … 38 (2008) 2, pp. 121-135

Persistent link: https://www.econbiz.de/10003731936