We investigate whether fair value information is value relevant within Australian firms in the extractive industries. The Australian accounting standard on financial instruments AASB 139 Financial Instruments: Recognition and Measurement requires measurement of financial instruments based on...

Accountants may find the journey through the eye of a needle hazardous, since they are implicated in wealth creation. Although there is evidence of a theological critique of economics and the world of business, there seems zero supply or demand for extending this to accountancy. There have been...

This study investigates the change in the productivity of banking industry during the period of 2000 to 2004. The data consists of a panel of 11 commercial banks in Malaysia namely Malayan Banking, Bumiputra-Commerce, Public Bank, RHB Bank, Hong Leong Berhad, EON Bank, Affin Bank, Southern Bank...

This study developed the Role of Banks Index (RBX) to characterize the role of banks in delivering its services in an uncertain interest rate and immediate fund requirement environment. We extend the model developed by Ramlee (2001) and Deshmukh, Greenbaum, and Kanatas (1983) by incorporating an...

The goal of regional integration is to promote greater macroeconomic coordination, and reduce the degree of macroeconomic volatility, in particular exchange rate fluctuations. This paper investigates how well optimum currency area (OCA) variables will work in the context of the ASEAN region when...

The purpose of this paper is to construct a financial distress pre-warning model for investors and risk supervisors. Through the Securities and Futures Institute Network, we collect the financial data of the electronic companies listing on the Taiwan Security Exchange (TSE) from 1998 to 2005. By...

Government bond issues have traditionally dominated primary and secondary Indian debt markets. Corporate bonds account for less than a fifth of outstanding issues. This study is a pioneering effort to identify the determinants of risk premium in the Indian corporate bond market between 1998 and...

The main objective of this paper is to evaluate the forecasting accuracy of two liquidity-based three-factor models, SiLiq and DiLiq, which have been developed as potential improvements on the Fama-French model. Using common stocks of 230 to 480 listed firms, this study constructs 27 test...

This study provides evidence on ownership structures and corporate diversification by analysing 355 public listed companies (PLCs) in Malaysia. The majority of the companies in the sample have an ultimate controlling owner, particularly an individual or family. As controlling owners have on...

This paper argues for the superiority of multifractal over ARCH methods where the objective is to understand market microstructure based on accurate volatility modeling. The paper examines the multifractality of index price series on daily data of Nikkei 225, All Ordinaries, Hang Seng, KLSE...