Showing 1 - 10 of 83
In recent years the world economy has become closely integrated due to increasing trade and financial capital flows across countries. In this study we investigate the cointegrating relationships between the stock price indices of 7 emerging Asian economies (Malaysia, South Korea, Singapore,...
Persistent link: https://www.econbiz.de/10009481918
This paper presents a critique of the traditional textbook representation of fiscal policy, and highlights the misleading policy implications perpetuated by this analysis. In particular, the conclusion that fiscal deficits are likely to be associated with higher interest rates is disputed, as is...
Persistent link: https://www.econbiz.de/10009481936
An increase in the credit rating on an organisation?s debt is generally perceived positively, as higher credit ratings are, in the main, associated with lower perceived volatility in the market value of the assets of the entity that has issued the debt. If banks price their assets to realise a...
Persistent link: https://www.econbiz.de/10009481958
The main objective of this thesis is to examine the extent of and the potential for Arab economic integration. It adds to the growing literature on the issue of economic integration by throwing the spotlight on several issues hitherto little considered in the existing literature. The thesis...
Persistent link: https://www.econbiz.de/10009481959
Preliminary results suggests that Australia's external holdings of equity and debt as a percentage of national income almost doubled between 1997 and 2001. However, Australia international investment position as a percentage of national income is one of the lowest among the major OECD countries....
Persistent link: https://www.econbiz.de/10009481971
This paper presents a critique of the traditional textbook representation of fiscal policy, and highlights the misleading policy implications perpetuated by this analysis. In particular, the conclusion that fiscal deficits are likely to be associated with higher interest rates is disputed, as is...
Persistent link: https://www.econbiz.de/10009481974
In recent years there has been an increased interest in the extent to which managers can improve their property portfolio position through international diversification. Much of this interest has centred on the use of various statistical/econometric tests of time-varying correlations and...
Persistent link: https://www.econbiz.de/10009481992
This study examines the stock price reactions to the announcements of corporate real estate disposals by listed non-property companies in Malaysia and whether disposals under different economic conditions lead to different price reactions. The results show that the cumulative abnormal returns...
Persistent link: https://www.econbiz.de/10009482007
Institutional investors have typically involved commercial property in their core portfolios for stable and income-oriented returns, particularly concentrated on low-risk traditional property sectors including office, retail and industrial property. Recent years have seen the strong growth in...
Persistent link: https://www.econbiz.de/10009482021
This study investigates the efficiency and productivity of a balanced panel of 10 Australian banks during the period 1995-2005. It begins with a preliminary analysis based on financial indicators (popularly referred to as financial ratios) covering aspects of profitability, operational...
Persistent link: https://www.econbiz.de/10009482028