In this study, we aim to discover whether the performance of Corporate Social Responsibility (CSR) can lead to abnormal returns, i.e., whether the execution of CSR can enhance the generation of abnormal returns. We sort companies according to their ratings in each sector (environmental, social,...

Numerous studies investigate the relationships between fund manager characteristics and fund performance. However, most evaluate fund performance by using traditional factor alphas, such as the Fama–French–Carhart four- and six-factor alphas. In the present study, we analyze data from...

This study analyses the relationship between ownership structure and board of director composition and their influences on the total factor productivity (TFP) of Taiwan's firms. The empirical results show that the curvilinear specification is better to capture the relationship between inside...

We propose a stepwise test, Step-SPA(k), for multiple inequalities testing. This test is analogous to the Step-SPA test of Hsu, Hsu, and Kuan (2010, Journal of Empirical Finance) but has asymptotic control of a generalized familywise error rate: the probability of at least k false rejections....

We seek to understand why the difference between wages earned by skilled and unskilled labor, the so-called “wage premium”, varies across developing countries, using South Korea and Taiwan as empirical case studies. South Korea and Taiwan are both small developing countries with export-led...