Index
Advances in Pacific Basin Business, Economics and Finance
ISBN: 978-1-78756-446-6, eISBN: 978-1-78756-445-9
ISSN: 2514-4650
Publication date: 6 September 2018
This content is currently only available as a PDF
Citation
(2018), "Index", Advances in Pacific Basin Business, Economics and Finance (Advances in Pacific Basin Business, Economics and Finance, Vol. 6), Emerald Publishing Limited, Leeds, pp. 277-288. https://doi.org/10.1108/S2514-465020180000006012
Publisher
:Emerald Publishing Limited
Copyright © 2018 Emerald Publishing Limited
INDEX
“Ability to pay test”
, 81
Acquisitions/assets
, 56
Agency cost
, 102–103
Black–Scholes–Merton theory
, 89
conceptual equity value
, 91
under credit risk
, 91, 92
debt value
, 90
exercise decision
, 89
log normal process
, 89
total asset value
, 90
“worthless” equity
, 89
Agency costs
, 52, 96, 98
Agency theory
, 162
Asset size
, 56
“Balance sheet solvency test”
, 81
Black–Scholes–Merton theory
, 89
Board of directors and firm performance
accounting-based and market-based performance
, 162
agency theory
, 162
board meeting frequency
, 164–165
board size
, 163
characteristics
, 162
dual role of leadership on board (DRL)
, 163–164
Quantile Analysis results
, 175–183
board independence (BI)
, 175
board meeting frequency (BMF)
, 182
board of directors’ characteristics and firm performance relationship
, 175–180
board size (BS)
, 175
control variables
, 182
dual role of leadership on board (DRL)
, 181
executive–chairperson duality
, 181
moderate-performing firms
, 175
performance indicators
, 175
stock market
, 181
return on assets (ROA)
, 162
return on equity (ROE)
, 162
return on stock (RET)
, 162
Book equity value
, 138
Business risk
, 54
Business transactions
, 7
Capex/assets
, 56
Capital Asset Pricing Model (CAPM)
, 52
Capital expenditures
, 54, 64
Capital-intensive industries
, 235
Cash flow/assets
, 56
Cash holdings
agency problems
, 64
and flow volatility
, 52
Industry Sigma
, 59
model specifications
, 64
regression results
, 59, 62–63
Cash management
, 52
CashRatio
, 56
Center of China Economic Research (CCER)
, 8
China Securities Regulatory Commission (CSRC)
, 3
China Stock Market and Accounting Research (CSMAR) database
, 8
Chinese listed companies. See Related party transactions (RPTs)
Closed-end fund
, 2
Computerized order matching system
, 10
Concentrated ownership
, 7–8
Constant Maturity Treasury (CMT)
, 96
Corporate decision-making process
, 8
Corporate financing behavior
, 126
Corporate governance
, 158, 208
consulting services
, 160
Corporate Governance Centre (CGC)
, 160
decision-making
, 159
independent directors
, 161
information service
, 160
internal control mechanisms
, 160
monitoring system
, 159
National Corporate Governance Committee (NCGC)
, 160
policies
, 160
Stock Exchange of Thailand (SET)
, 160–161
Corporate Governance Centre (CGC)
, 160
Corruption control
, 237
Cumulative stock price impact
, 20, 23
Debt ratio
, 127, 129, 192
Degree of diversification vs. firm performance, nonlinear relationship
multivariate regression
, 115, 116
nonlinear curve
, 116
regression results
, 116, 118
returns on assets (ROA)
related industrial diversification and
, 113, 115
unrelated industrial diversification and
, 113, 115
Direct/indirect state control
, 6
Discretionary idiosyncratic risk
agency costs
, 52
business risk
, 54
capital expenditure
, 54
cash flow risk effect
, 54
cash holdings
agency problems
, 64
and flow volatility
, 52
Industry Sigma
, 59
model specifications
, 64
regression results
, 59, 62–63
cash ratios
, 52
cash-rich firms
, 55
components
, 58
definitions
, 58
empirical analysis
, 53
equity residual risk
, 53
idiosyncratic risk
market model
, 74
three-factor Fama-French model
, 74–75
volatility component
, 52
implications
, 54
investment decisions
acquisition transactions
, 69
capital expenditures
, 64
control variables
, 64
dependent variables
, 69
external acquisitions
, 64, 67–68
internal vs. external
, 64–66
investment types
, 54
linear regression
, 54, 58
Pearson correlation matrix
, 59, 61
private benefits extraction
, 54
“quiet life” enjoyment
, 53
stock market
, 52
data
, 58
returns
, 59, 60
trends in
, 52, 53
Dividend dummy
, 56
Dual-career families
, 254
Dual role of leadership (DRL)
, 163–164, 181
Durbin–Wu–Hausman test
, 168
Econometric model
acquisitions/assets
, 56
asset size
, 56
capex/assets
, 56
cash flow/assets
, 56
CashRatio
, 56
dependent variable
, 55
dividend dummy
, 56
first-stage regression model
, 55
Industry Sigma
, 56
leverage
, 56
Market-to-Book
, 56
net debt issue
, 56
net equity issue
, 56
net working capital (NWC)
, 56
R&D/Sales
, 56
second stage model
, 56
variables and data sources
, 56–58
Economic cost, going concern practice
“ability to pay test”
, 81
agency cost
, 102–103
Black–Scholes–Merton theory
, 89
conceptual equity value
, 91
under credit risk
, 91, 92
debt value
, 90
exercise decision
, 89
log normal process
, 89
total asset value
, 90
“worthless” equity
, 89
audit decision
, 77
“balance sheet solvency test”
, 81
bankruptcy resolution
, 80
business law
, 80
“capital adequacy test”
, 81
decision process
, 80, 93
double entry system
, 79
financial factors
, 80
going concern index (GCI), definition
, 93
Lucent Technologies Inc.
, 78
agency costs
, 96, 98
benefit
, 97
capital structure
, 94, 96
Constant Maturity Treasury (CMT)
, 96
going concern index (GCI)
, 96, 98
vs. Nasdaq
, 94, 95
revenue goals
, 94
vs. S&P500
, 94, 95
stock price
, 94
structural agency problem
, 96, 97
two-period model
, 96
maximum agency cost (MAC)
, 93, 94
measurement and valuation concepts
, 79
negative warning signal
, 80
qualifications/warnings
, 93
short-term debt obligations
, 78
solvency test
, 80
Statement on Auditing Standards
, 79
structural agency cost
, 93
structural agency problem and economic default
, 78
agency problem
, 83
balance sheet
, 83–86
capital market assumption
, 81
capital structure
, 81
claim dilution
, 82, 85
credit risk
, 89
debt holders
, 83
default difference vs. agency problem cause
, 87, 88
equity and bond holders
, 83
equity value and asset value plot
, 84, 87
fixed investment assumption
, 82
Geske analysis
, 83
ideal economy
, 83
market value of debt vs. asset
, 85, 86
“me-first” protection
, 82
multi-period situation
, 82
periodic debt payment
, 82
survival criterion
, 88
total agency costs
, 81
structural agency theory
, 78, 92
Type I errors
, 80
Type II errors
, 80
Economic default
, 78
agency problem
, 83
balance sheet
, 83–86
capital market assumption
, 81
capital structure
, 81
claim dilution
, 82, 85
credit risk
, 89
debt holders
, 83
default difference vs. agency problem cause
, 87, 88
equity and bond holders
, 83
equity value and asset value plot
, 87
fixed investment assumption
, 82
Geske analysis
, 83
ideal economy
, 83
market value of debt vs. asset
, 85, 86
“me-first” protection
, 82
multi-period situation
, 82
periodic debt payment
, 82
survival criterion
, 88
total agency costs
, 81
Economic development process
, 226
Entropy index
, 106
returns on assets (ROA)
related industrial diversification and
, 113, 115
unrelated industrial diversification and
, 113, 115
Environmental costs
, 224
Environmental degradation
, 224, 225
Environmental Kuznets Curve (EKC)
in all countries
, 230
capital-intensive industries
, 235
corruption control
, 237
economic activities
, 236
economic development process
, 226
environmental costs
, 224
environmental degradation
, 224, 225
environmental protection
, 238
foreign direct investment (FDI)
, 226, 235
generalized method of moments (GMM) technique
, 227
dynamic panel estimation methodology
, 229
instrument variables
, 230
global CO2 emissions
, 224
gross domestic product (GDP)
, 227, 228
Hecksher-Ohlin trade theory
, 236
in high-income countries
, 230, 231
institutional factors
, 225
institutional indicators
, 225–226
institutional variables
, 228
Kyoto Protocol
, 224, 225
linkages
, 225
in lower-middle income countries
, 230, 233
in low-income countries
, 230, 234
policy implications
, 238–242
policy makers
, 224
quality
, 225
Sargan test
, 230
scale effects
, 234
technology-intensive service economy
, 234
technology/productivity effect
, 225
trade openness
, 236
in upper-middle income countries
, 230, 232
World Bank Income Group Classification
, 226, 247
Equity-for-guarantee
, 52
Equity market timing hypothesis
, 136
Equity misvaluation
, 127, 128
and equity valuation model. See Equity valuation model
leverage adjustment speed
, 142–143
financing deficits
, 147–149
long-term growth opportunities quality
, 144–146
Equity valuation model
book equity value
, 138
capital structure
, 140
element
, 138
equity market timing hypothesis
, 136
firm-specific and sector-wide misvaluation
, 137
industry-level classifications
, 138
linear function
, 138
logarithm form
, 137
long-run value and book equity value (LRVB)
, 138
market-to-book ratio
, 136
descriptive statistics
, 140, 141
regression model
, 138
time-invariant sector-level multiples
, 140
time-series average conditional regression multiples
, 138, 139
time-t sector-specific misvaluation (TSSE)
, 138
Family-planning program
, 253
Family structure and background
, 272–273
Financing deficit interactions
, 147, 148
Firm-level capital structure dynamics
capital structures
, 127
cash-flow realizations
, 130
corporate financing behavior
, 126
debt ratio
, 127, 129
emerging markets
, 128
equity issuance/repurchase activities
, 127
equity misvaluation
, 127, 128
See also Equity misvaluation
equity value
, 127
financing decision
, 126
firm-fixed effects
, 129
firm-specific and time-series sector errors
, 128
growth opportunities
, 130
leverage ratios
, 126
long-term growth opportunities
, 127
market timing model
, 126
market-to-book ratios
, 128
Ohlson’s estimation approach
, 129
overvalued (undervalued) firms
, 129
partial adjustment model
, 126
See also Partial adjustment model
pecking order model
, 126
robustness tests
, 149–152
speed of adjustment (SOA)
, 126
stock prices
, 131
Taipei Exchange (TPEx)
, 128
Taiwan Stock Exchange (TWSE)
, 128
tradeoff model
, 126
two-step estimation approach
, 129
Foreign direct investment (FDI)
, 226, 235
Generalized method of moments (GMM) technique
, 227
dynamic panel estimation methodology
, 229
instrument variables
, 230
Geske analysis
, 83
Going concern index (GCI)
definition
, 93
Lucent Technologies Inc.
, 96, 98
Gross domestic product (GDP)
, 227, 228
Growth opportunities interactions
, 144, 145
Hecksher-Ohlin trade theory
, 236
Herfindahl-Hirschman Index (HHI)
, 33
Idiosyncratic risk
market model
, 74
three-factor Fama-French model
, 74–75
volatility component
, 52
Industrial diversification strategy, hotel industry
advantages and disadvantages
, 106
business activity
, 108
classification
, 108
correlations
, 112
degree of diversification vs. firm performance, nonlinear relationship
multivariate regression
, 115, 116
nonlinear curve
, 116
regression results
, 116, 118
related industrial diversification and returns on assets (ROA)
, 113, 115
unrelated industrial diversification and returns on assets (ROA)
, 113, 115
descriptive statistics
, 112
diversified industrial segments
, 111
entropy index
, 106, 110
financial data
, 109
firm fundamental variables
, 109
firm-level research
, 109
FirmSize
, 110
food-related industrial segments
, 108
horizontal strategies
, 108
implications
, 121–122
industrial-specific risks
, 107
internal market efficiency hypothesis
, 108
Leverage
, 110
market-concentric strategies
, 108
multicollinearity test
, 112
nonlinear relationship
, 107
operational efficiency
, 106
post-investment monitoring and control environment
, 107
product-concentric strategies
, 108
regression models
, 112
results, firm performance
, 113, 114
regression results
, 107
Related Diversification
, 110
robustness test
geographical markets
, 117
nonlinear effect
, 121
regression results
, 120
statistics
, 119
Standard Industry Classification (SIC) code
, 106
TobinQ
, 110
Unrelated Diversification
, 110
unrelated industrial diversification
, 109
vertical strategies
, 108
Industry Sigma
, 56, 59
Information security risk
costs of debt
, 197, 200
endogeneity issue
, 200, 203
subsample analysis
, 199, 201
costs of equity
, 197, 201
endogeneity issue
, 199, 204
subsample analysis
, 199, 202
management
, 193–194
Insider and Insidersquare
, 216
Institutional buy trades
, 6
Institutional investment
, 210
Institutional investors
, 208
Institutional ownership stability, cash dividend policy
agency costs of debt
, 209
cash holdings and firm-level governance
, 210
civil law countries
, 210
conflicts of interest
, 208
corporate governance
, 208
empirical results
descriptive statistics
, 213, 214
Insider and Insidersquare
, 216
investment coefficient
, 217
Pearson correlation
, 213, 215
regression models
, 213, 216
institutional investment
, 210
institutional investors
, 208
monitoring management
, 209
near-term earnings vs. long-term value
, 208
regression model
, 212–213
self-motivation
, 209
sensitivity analysis
, 209
agency costs of debt
, 217, 218
agency costs of equity
, 219, 220
agency problems control mechanism
, 217
convergence-of-interest
, 217
institutional holding proportion
, 219
Taiwan Economic Journal (TEJ)
, 213
Taiwan’s financial markets and companies
, 208
transient institutions
, 210
variables
, 211
Institutional sell trades
, 6
Institutional shareholders
, 46
Internal market efficiency hypothesis
, 108
Investment decisions
acquisition transactions
, 69
capital expenditures
, 64
control variables
, 64
dependent variables
, 69
external acquisitions
, 64, 67–68
internal vs. external
, 64–66
Investment model
, 32
Investment ratio
, 168
Korean chaebols
, 2
Kyoto Protocol
, 224, 225
Leverage
, 56
adjustment speed
, 142–143
financing deficits
, 147–149
long-term growth opportunities quality
, 144–146
ratios
, 126
Linear regression
, 54, 58
Logit model
, 13
Long-term growth opportunities
, 127
Long-term investment opportunities
, 147
Lucent Technologies Inc.
, 78
agency costs
, 96, 98
benefit
, 97
capital structure
, 94, 96
Constant Maturity Treasury (CMT)
, 96
going concern index (GCI)
, 96, 98
vs. Nasdaq
, 94, 95
revenue goals
, 94
vs. S&P500
, 94, 95
stock price
, 94
structural agency problem
, 96, 97
two-period model
, 96
Managerial decision-making
, 16
Market-based performance
, 170
Market timing model
, 126
Market-to-book ratio
, 56, 128, 136, 145
descriptive statistics
, 140, 141
Marriage age and age cohort
, 271–272
Married women employment, Taiwan
characteristics
, 259
childbearing process
, 251
conceptual issues
, 254–256
demographic transition
, 250
dependent variables
, 262
descriptive statistics
, 259–261, 263–264
determinants
, 273
dual-career families
, 254
duration dependence
, 273
econometric results
, 253
econometric specification
, 256–258
education
, 271
employment status
, 259
family-planning program
, 253
family structure and background
, 272–273
fertility behavior
, 252
fertility history
, 258
first birth
, 262, 265–267
health techniques
, 253
labor force participation
, 250
rate of
, 251, 252
labor market experience
, 271
logistic model, age group
, 262, 268–269
marriage age and age cohort
, 271–272
motivation
, 270
physiological capacity
, 253
positive correlation
, 252
pre-birth and post-birth employment experience
, 258
reproduction behavior
, 251
social learning and influence process
, 251
socioeconomic characteristics
, 259
Taiwan’s economy
, 253
Taiwan Women and Family Survey
, 258
“tenure”
, 270
Maximum agency cost (MAC)
, 93, 94
National Corporate Governance Committee (NCGC)
, 160
Net debt issue
, 56
Net equity issue
, 56
Net present value (NPV)
, 38
Net working capital (NWC)
, 56
Non-tradable shares
, 9
Ohlson’s estimation approach
, 129
Open-end fund
, 3
Ordinary Least Squares (OLS) method
, 10
Overfirm
, 32, 33, 37
Ownership structures
, 13, 14, 168
Pairwise correlation analysis
, 34, 39
Partial adjustment model
and baseline adjustment speed
with alternate target leverage proxies
, 135
debt ratio
, 131, 132
descriptive statistics
, 132, 133
financial distress cost
, 136
firm-fixed effect model
, 136
firm-level capital structure
, 135
GMM approach
, 133
interest-bearing debts
, 132
market-to-book asset ratio
, 132
natural logarithm
, 132
OLS regression
, 134
regression equation
, 131
regression results
, 132, 134
robust standard errors
, 135
total assets
, 132
tradeoff theory
, 136
regression model
, 129
Partial privatization process
, 6
Pecking order model
, 126
Price-to-book ratio
, 145
Product fluidity
, 29, 32–34, 37
Product market threat
agency conflicts
, 29
competition efficiency
, 31
disciplinary role
, 29
external monitoring mechanisms
, 29
governance mechanisms
, 44
institutional shareholders
, 46
investment efficiency
, 28
investment opportunity
, 28
market competition
, 29
market share
, 28
loss
, 29
monitoring mechanisms
, 28
overinvestment and underinvestment
, 29
pairwise correlation analysis
, 34, 39
physical and intangible investments
, 29
postponed investment decisions
, 46
product fluidity
, 29
regression framework
, 31–32
agency cost, overinvestment
, 41
corporate governance-related variables
, 37
net present value (NPV)
, 38
Overfirm
, 37
product fluidity
, 37
robustness analysis. See Robustness analysis
standard deviation
, 37
unconditional and conditional relation
, 37, 40
strategic equilibrium model
, 28
subsample analyses
, 46, 47
substitution hypothesis
, 31, 46
uncertainty level
, 28
unconditional and conditional investment models
, 44
unconditional and conditional regression framework
, 29
variable construction
control variables
, 34
definitions
, 34–37
Herfindahl-Hirschman Index (HHI)
, 33
Overfirm
, 33
physical investment rate
, 34
product fluidity
, 32–33
statistics
, 34, 38
text-based network (TNIC) industry
, 34
total investment rate
, 33
Z-score
, 37
Quantile Analysis
estimator
, 166
results
board independence (BI)
, 175
board meeting frequency (BMF)
, 182
board of directors’ characteristics and firm performance relationship
, 175–180
board size (BS)
, 175
control variables
, 182
dual role of leadership (DRL)
, 181
executive-chairperson duality
, 181
moderate-performing firms
, 175
performance indicators
, 175
stock market
, 181
R&D/Sales
, 56
Regression framework
, 31–32
agency cost, overinvestment
, 41
corporate governance-related variables
, 37
net present value (NPV)
, 38
Overfirm
, 37
product fluidity
, 37
robustness analysis. See Robustness analysis
standard deviation
, 37
unconditional and conditional relation
, 37, 40
Regression models
, 11, 12
Related party transactions (RPTs)
agency costs
, 2
China Securities Regulatory Commission (CSRC)
, 3
closed-end fund
, 2
concentrated ownership
, 6–7
data sources
, 8–9
empirical analysis
, 3
abnormal returns
, 15, 16
buying/selling shares
, 17
corporate governance and disclosure quality
, 11
correlation coefficients
, 11
cumulative stock price impact
, 20, 23
dependent variable
, 11
goods purchase and sale
, 9
independent variables
, 9
individual trading behavior
, 17
institutional ownership
, 10, 11
loan guarantee
, 9
Logit model
, 13
managerial decision-making
, 16
market model
, 15
non-zero loan guarantee
, 10
non-zero operational RPTs
, 14
operational RPTs
, 11
Ordinary Least Squares (OLS) method
, 10
ownership structure
, 14, 15
pre-announcement period
, 21
pre-opening auction
, 20
price impact
, 21, 22
regression models
, 11, 12, 16
return on equity (ROE)
, 10
services purchase and sale
, 9
stock price response
, 13
Tobit model
, 11
trade size
, 17
trading activities
, 17–20
value-based breakpoints
, 17
value-destroying RPTs
, 20
value-enhancing announcements
, 15
Wall Street Rule
, 16
external markets
, 2
firm characteristics
, 3
firm-level factors
, 21
firm-level variables
, 4–5
incentive and resources
, 3
institutional buy trades
, 7
institutional investors
, 2
institutional ownership
, 3
institutional sell trades
, 7
institutional trading
, 3
investment decisions
, 2
Korean chaebols
, 2
open-end fund
, 3
post-reform announcements
, 3
pre-reform announcements
, 3
share-structure reform
, 7–8
“tunneling” phenomenon
, 2
value-enhancing announcements
, 3
Return on assets (ROA)
, 162
Return on equity (ROE)
, 11, 162
Return on stock (RET)
, 162
Sargan test
, 230
Self-motivation
, 209
Sensitivity analysis
, 209
agency costs of debt
, 217, 218
agency costs of equity
, 219, 220
agency problems control mechanism
, 217
convergence-of-interest
, 217
institutional holding proportion
, 219
Shanghai Stock Exchange
, 8
Share-structure reform
, 7–8
ownership structure
, 13, 15
Shenzhen Stock Exchange
, 8, 9
Social learning and influence process
, 251
Standard Industry Classification (SIC) code
, 106
State Assets Management Bureau
, 6
Statement on Auditing Standards
, 79
State-owned enterprises (SOEs)
, 6
Stock Exchange of Thailand (SET)
, 160–161
Stock market
, 52
data
, 58
returns
, 59, 60
Stock price
, 7
Structural agency
agency problem
, 83
balance sheet
, 83–86
capital market assumption
, 81
capital structure
, 81
claim dilution
, 82, 85
credit risk
, 89
debt holders
, 83
default difference vs. agency problem cause
, 87, 88
equity and bond holders
, 83
equity value
, 84
equity value and asset value plot
, 87
fixed investment assumption
, 82
Geske analysis
, 83
ideal economy
, 83
market value of debt vs. asset
, 85, 86
“me-first” protection
, 82
multi-period situation
, 82
periodic debt payment
, 82
survival criterion
, 88
total agency costs
, 81
Substitution hypothesis
, 31, 46
Taipei Exchange (TPEx)
, 128
Taiwan Economic Journal (TEJ)
, 195, 213
Taiwanese publicly listed firms. See Firm-level capital structure dynamics
Taiwan Security Exchange
, 195
Taiwan semiconductor companies
costs of capital
, 194
debt ratio
, 192
dependent and independent variables
, 195–196
empirical results
descriptive statistics
, 198
information security risk and costs of debt
, 197, 199
information security risk and costs of equity
, 197, 200
OLS regression model
, 197
Tobit model
, 197
financial theories
, 193
information security management
, 193–194
regression model
, 197
robustness tests
endogeneity issue
, 199, 203–204
ISO 27001-certified firms
, 204
subsample analysis
, 199, 201–202
two stage least square regression model
, 202
security market
, 192
“Standard ISO 27001”
, 192
Taiwan Economic Journal (TEJ)
, 195
Taiwan Security Exchange
, 195
Taiwan Stock Exchange (TWSE)
, 128
Taiwan Women and Family Survey
, 258
Technology-intensive service economy
, 234
Text-based network (TNIC) industry
, 34
Thai firms board structures
agency problem
, 158
annual reports
, 165
board of directors and firm performance
accounting-based and market-based performance
, 162
agency theory
, 162
board meeting frequency
, 164–165
board size
, 163
characteristics
, 162
dual role of leadership on board (DRL)
, 163–164
return on assets (ROA)
, 162
return on equity (ROE)
, 162
return on stock (RET)
, 162
corporate governance
, 158
consulting services
, 160
Corporate Governance Centre (CGC)
, 160
decision-making
, 159
independent directors
, 161
information service
, 160
internal control mechanisms
, 160
monitoring system
, 159
National Corporate Governance Committee (NCGC)
, 160
policies
, 160
Stock Exchange of Thailand (SET)
, 160–161
disclosure reports
, 165
empirical models
board of directors’ characteristics
, 167
control variables
, 172
descriptive statistics
, 170, 171
Durbin–Wu–Hausman test
, 168
economic/business environment
, 170
economic efficiency
, 168
endogeneity problem
, 167
firm leverage level
, 170
firm size
, 168
human capital, characteristics
, 168
investment ratio
, 168
market-based performance
, 170
ownership structures
, 168
Pearson correlation
, 170, 173–174
Quantile Analysis estimator
, 166
Quantile Analysis results
, 175–183
social status
, 172
stock market
, 170, 172
variables measurements
, 168, 169
Variance Inflating Factor (VIF) reports
, 172
financial statements
, 165
managerial behavior
, 158
ownership and control
, 158
Quantile Analysis
, 159
rehabilitation (REHABCO)
, 165
robustness test
, 183–185
samples
, 165, 166
statistical method
, 166
Threat score
, 44
Time-t sector-specific misvaluation (TSSE)
, 138
TobinQ
, 110
Tobit model
, 11
Tourism-related industrial segments. See Industrial diversification strategy, hotel industry
Tradeoff theory
, 126, 142, 144
Two stage least square regression model
, 202
Two-step estimation approach
, 129
Variance Inflating Factor (VIF) reports
, 172
Wall Street Rule
, 16
WIND database
, 8
World Bank Income Group Classification
, 226, 247
- Prelims
- Related Party Transactions and Institutional Investors in Chinese Listed Companies
- Product Market Threat and Corporate Investment
- Discretionary Idiosyncratic Risk, Firm Cash Holdings, and Investment
- The Economic Cost of Myopic Going Concern Practice
- The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
- How Do Equity Mispricing and Long-term Growth Opportunities Influence Firm-level Capital Structure Dynamics of Taiwanese Publicly Listed Firms?
- How Do Board Structures of Thai Firms Influence on Different Quantile Levels of Firm Performance?
- Information Security Risk and Costs of Capital: Evidence from Taiwan Semiconductor Companies
- The Effect of Institutional Ownership Stability on Cash Dividend Policy: Evidence from Taiwan
- Role of Institutional Quality on Environmental Kuznets Curve: A Comparative Study in Developed and Developing Countries
- An Empirical Analysis of the Impact of Employment on the First Birth Decision for Married Women in Taiwan
- Index