We describe existing and potential financial applications of the Mahalanobis distance. After a short motivation and a discussion of important properties of this multivariate distance measure, we classify its applications in finance according to the source and nature of its input parameters....

In this paper, we perform a graphical analysis of hegemonic leadership in international finance, based upon the historical studies by Kindleberger and Sobel about the Dutch and British financial hegemony in the 1600s-1800s. The socio-technical systems of public and of private finance in nations...

The decreasing ecological capital in the world is a major worry like the possibility of a global spread of a deadly decease like e.g. Ebola. The decline in global ecological capital has to do with the increasing emissions of CO2 equivalent stuff in the atmosphere, although other factors are also...

This paper investigates which US stock price index is strongly influenced by the Japanese stock markets. Our empirical tests as to the time-varying correlations derived from a multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) model reveal the following evidence....

Many Developing Countries in the process of economic transition have engaged themselves with outward-looking export oriented policies, aimed at making their manufacturing sector very competitive. In this regard, this study aimed at examining the factors that can influence both the level of...

The research evaluates the co-integration, magnitude and strength of the relationships between corporate retentions as proxied by retained earnings and some key financial performance indicators, in the Nigeria manufacturing industry using the Brewery sub-sector as a focal point. The ex- post...

This paper examines the effect of transactions carried out by legal persons or individuals on the formation of price bubbles for the companies listed in Tehran Exchange Market (TSE). At first through such tests as rows, skewness, stretching, and duration dependence, it was found out that price...

This paper presents an empirical analysis to improve our understanding of the catch-up and convergence tendencies of total factor productivity (TFP) growth across the Chinese provinces over 2003¨C2012. After controlling for the province heterogeneity, our regression results show that the...

This paper disaggregates the pay gap between men and women into four possible ¡®barriers¡¯: access to paid work; part-time versus full-time jobs; entrance into higher-paid jobs; and similar pay for equivalent work. UK data from 1968 to 2012 are analyzed, to investigate these possible...

The decision by economic migrants to leave their country of origin for the purpose of employment and to improve quality of life is generally regarded as an investment decision. Real or expected income differentials between the source and the host country and the possibilities of being employed...