Purpose – This paper aims to test the short‐ and long‐run interrelationships between Hong Kong's residential property market and stock market, as well as market fundamentals and China‐related factors, between 1990 and 2006. Design/methodology/approach – The authors observed changes in...

By focusing on the investors, IFRS disclosure is intended to support economic guidance. The scope of this study is, therefore, to highlight key indicators for value relevance of the IFRS framework. Through a pan-European event study, we first consider the problem of confidence in investments and...

This paper studies tests for covariance stationarity under conditions which permit failure in the existence of fourth order moments. The problem is important because many econometric diagnostics such as tests for parameter constancy, constant variance and ARCH and GARCH effects routinely rely on...