The U.S. subprime crisis in 2008 have raised concerns about bank performance and the incentive pay of CEOs. Whether the CEO's incentive compensation improves bank performance deserves further investigation. This research studies the improvement in bank performance by examining the CEO incentive...

The Panel Study of Income Dynamics (PSID), 1985–1992, are the data used to simultaneously examine the role of family stability to both market and household time allocation for both spouses and the role of couples’ time allocation in their probability of divorce. The study found that...

The main purpose of this paper is to study the effect on the stock price that a Taiwanese company may experience when announcing it is engaging in foreign direct investment in China. This study has been able to observe the influence of political risk on the FDI announcement effect during one of...

Prior studies consistently indicate that the announcement of an increase in the debt ratio will be accompanied by a rise in the stock price. In attempting to examine the long-term stock returns following a substantial increase in debt, this study shows that the stock price could negatively react...

Stock price volatility increases in times of political crisis. In examining the effects of corporate governance and performance on price volatility and the market's overreaction during the political crisis triggered by the controversial Taiwan presidential election of 2004, our results show that...

The main purpose of this study is to examine the impact of strategic alliances on shareholder wealth while also considering the role of firm growth opportunity. By focusing on Taiwan Stock Exchange-listed firms that announced the formation of such alliances from 1996 to 2000, a sample of 140...

This study uses the multinomial logit model in which comovements are categorized into three outcomes, namely (i) negative comovements, (ii) positive comovements and (iii) no comovements, with the purpose of the empirical analysis being to investigate the economic determinants that affect the...

This paper examines that the impact of firm-specific characteristic on firm capital structure in Chinese-listed companies and attempts to solve a few puzzles existing in previous related studies. The key factors include state ownership, institutional ownership, and the risk of default. From the...