Adopting stochastic frontier analysis, this article studies the pricing model and underpricing phenomenon of the initial public offerings (IPOs) in Taiwan and further elucidates the potential impact of offering mechanisms on underpricing. The sampling period is from 1996 to 2003, in which 647...

Using the eruption of Argentina debt crisis in 2001 as a natural experiment, we investigated the correlated default at the sovereign level for some Latin American countries. Daily closing market quotes for sovereign Credit Default Swaps (CDS) of Argentina, Brazil, Mexico and Venezuela were...

Investors often need to evaluate investment strategies according to their own subjective preferences based upon various criteria. This situation can be regarded as a Fuzzy Multiple Criteria Decision-Making (FMCDM) problem. The purpose of this study is to propose an FMCDM approach with fuzzy...