In this paper, we study the behavior of innovation and imitation among a group of firms in a competitive industry. To survive, firms have two fundamental choices. They can choose to be innovative firms that develop cost-reducing technology by their own efforts. Alternatively, they can also...

In discussing the relationship between the successful probability of a binary random variable and a certain set of explanatory variables, the logistic regression is popular in various fields, especially in medicine researches. For example, (1) using remedy methods to explain the probability of...

This paper examines why the majority of private placements of equity sell at substantial discounts, while a few sell at premiums. We compare private equity offering (PEO) firms with comparable seasoned equity offering (SEO) firms and find that PEO firms had poorer financial performance than SEO...

Wireless communications technology has rapidly made its way into most people¡¦s daily life in Taiwan. This study surveyed 400 college students in the Taichung region to investigate the relationship between Internet services and convenience features of mobile phones. The results showed that...

The paper applies the two-stage GJR-GARCH model to investigate the intra-day return and volatility transmission behavior between ADRs and their underlying stocks using data from Japan, Taiwan, Korea, Hong Kong, and Singapore. Empirical results show that the return transmission of ADRs and their...

In this short paper we summarize and elaborate on a few well-known misconceptions that often occur when people conduct statistical hypothesis testing. For example, when the truthfulness of the null hypothesis is a random event and the formal hypothesis testing procedure cannot reject the null,...