The global financial crisis of 2008 illustrates the recent notion of a "Predatory economy" (Galbraith, 2006). This begins to answer the question of why near catastrophic corporate malfeasance exists with serious damaging consequences to the global financial system and the real economy. Indeed,...

In China, state governance in corporations serves the purpose of Party control over the political, social, and economic development and most importantly, stability of the country. Therefore, they have equally important corporate and social objectives. Both objectives must be controlled and...

In China, state governance in corporations serves the purpose of Party control over the political, social, and economic development and most importantly, stability of the country. Therefore, Chinese state owned firms have equally important corporate and social objectives. Both objectives must be...

This paper examines the effect of Decree No. 32 of August 11, 1989 on the stock price distributions of an emerging stock market: Istanbul Stock Exchange. After this date the stock market removed the restrictions on foreign investors. It is shown that the mean of stock price changes has stayed...

Value at Risk (VaR) is defined as the worst expected loss under normal market conditions over a specific time interval at a given confidence level. Given the widespread usage of VaR, it becomes increasingly important to study the effects of the portfolio optimization subject to the VaR...