This study examines the relationship between how firms borrow from banks and various corporate financial characteristics in an emerging economy. Using Taiwanese listed firms over the 1990-2002 period, we find, on the one hand, that older firms tend to maintain a close relationship with a single...

This study examines the relationship between the corporate debt ownership structure and various corporate financial characteristics in Taiwan. The results show that differences in terms of financial characteristics exist among firms that are financed by a bank debt, public debt, or non-bank...

This study examines the statistical properties of volatility among New York, Tokyo, Taiwan, South Korea, Singapore, and Hong Kong stock markets. Fractal dimensions, probability distribution and two-point volatility correlation are used to measure and compare volatility among the six over the...

This study examines the statistical properties of volatility among New York, Tokyo, Taiwan, South Korea, Singapore, and Hong Kong stock markets. Fractal dimensions, probability distribution and two-point volatility correlation are used to measure and compare volatility among the six over the...

This study examined the relationship between the types of borrowers and the collateral and interest rate required in Taiwanese loan market. It was found that 1. The better the borrower's financial circumstances, the lower the interest rate required by the bank. 2. The worse the borrower's...

This paper studies how one currency market affects another currency market in a different time zone, using various contracts of the opening and closing yen-dollar exchange rates traded in Tokyo, London, and New York. We find strong and consistent evidence that the three major currency markets...

Scaling, phase distribution and phase correlation of financial time series are investigated based on the Dow Jones Industry Average (DJIA) and NASDAQ 10-minute intraday data for a period from Aug. 1 1997 to Dec. 31 2003. The returns of the two indices are shown to have nice scaling behaviors and...

This study investigates the relationships between debt maturity structure and corporation R&D investment. Using a large sample of US listed firms over the period of 1995 to 2015, it was found that the use of bank debt positively influences R&D investment, whereas the use of public debt exerts a...