In this empirical study, three major documented stock market anomalies--seasonal, price/earnings
ratios, and firm size are examined with historical data from the Taiwan Stock Exchange…

This paper tries to explore an optimal capital structure for the purpose of maximizing firm
performance and analyzes the relationship between optimal capital structure and the value of …

This study proposes a new kind of monetary aggregates that explains the more moneyness
of money assets than the simple sum monetary aggregates. Our primary purpose is to shed …

This study applies equally weighted moving average (SMA), exponential weighted moving
average (EWMA), Bias-Corrected EWMA and quantile regression approach to improve Bias-…

Using a rolling regression approach with varying independent variables, this paper
investigates macroeconomic structural changes in the four main stock markets in China and …

This paper compares the different dynamics of simple sum monetary aggregates and PLS
indexes over the business cycle, which have turning points at economic expansion and …

Price-to-sales ratio (PSR) filters are tested with the stochastic dominance approach, by means
of which the ambiguities of the CAPM-based tests can be avoided. The major finding is …

This study used stochastic dominance analysis, which is distribution-free, to test for the effect
of price-to-earnings ratios (PER) and price-to-sales ratios (PSR) in the Taiwan stock market. …

In this paper, we follow Harvey (1991) to investigate whether rates of return on Pacific Basin
stock markets can be explained by conditional version of International Capital Asset Pricing …

This paper investigates whether the foreign exchange risk is priced in the Pacific Basin equity
markets. The test was performed in the conditional version which allows the world prices of …