The paper analyzes the profitability of banks in Korea, while controlling for a wide array of bank specific and macroeconomic determinants. We find that Korean banks with lower liquidity levels tend to exhibit higher profitability. Furthermore, higher diversification regarding banks' income...

This study assesses the efficiency analysis of the 25 Taiwan-based life insurance companies during the period 2003 to 2006 by examining three different subgroups, namely, old domestic companies, new domestic companies and foreign companies. The primary goal of the present study is to compare two...

This study employs industry weekly return data for Taiwan in order to investigate the industry momentum profit sources of an emerging country. It differs from past studies (e.g., Pan et al., 2004 and Du, 2008), which adopted weekly data to observe the industry momentum sources with a short...

The natural rate of unemployment is the equilibrium unemployment rate. If the actual unemployment rate does not fluctuate around some "natural" rate, it is implied that the unemployment rate may follow a non-stationary process. Existing studies using the conventional ADF unit-root test generally...

We examine the nexus of stock prices and exchange rates for the G-7 countries by using the vector error correction model, the bounds testing methodology and linear and non-linear Granger causality methods. The empirical results substantiate that a long-run level equilibrium relationship exists...