Purpose – Alternative corporate governance systems (CGSs) have attracted a significant bulk of research recently. While the connection between the adoption of an alternative system (one tier board or two tier board system) and firms’ performances has not been fully analysed yet, the purpose...

This article addresses the impact of productivity, corruption, and trade openness on the stock returns of 265 industrial companies listed in eight Eastern European fast-emerging markets, over the 2004–2013 period. Through a three-factor model that includes both measures at firm level and...

This paper investigates volatility spillover across crude oil market and wheat and corn markets. The corn commodity is taken here to assess the impact of change in demand for biofuel on wheat market. Results of multivariate GARCH model show evidence of corn price volatility transmission to wheat...

In this paper, we analyse Pakistan’s political risks and events that have affected the country’s stock markets since 1947. We collected data in the form of questionnaires from historians, economists, politicians, government officials, bankers and stock market analysts in Pakistan and make...

Over the past two decades in the Chinese banking system substantial progress has been made, and reforms have been mainly aimed at improving its governance and efficiency, but many governance problems still exist and hinder a complete transition to a market economy. Through the analysis of the...