This paper addresses a comparative analysis of financial management effectiveness, which evaluates financial performance in the Indonesia’s construction state-owned enterprises (SOEs). State companies were established to make a significant contribution to the growth of national economy and...

This paper reviews the main development of approaches to modelling urban public transit users’ route choice behaviour from 1960s to the present. The approaches reviewed include the early heuristic studies on finding the least cost transit route and all-or-nothing transit assignment, the bus...

This thesis is targeting on proposing a new variable selection method and showing its applications in financial markets. Statistically, this thesis constructs a new adaptive variable selection criterion, proves its same asymptotic rate with mini-max estimator, and shows its effectiveness in...

This dissertation consists of two essays concerning search-theoretic monetary economics. The issues studied here are about search and matching, which requires models with an explicit microfoundation. The meaningful economic intuitions and policy implications we get justify the necessity of this...

This paper is concerned with developing a semiparametric panel model to explain the trend in UK temperatures and other weather outcomes over the last century. We work with the monthly averaged maximum and minimum temperatures observed at the twenty six Meteorological Office stations. The data is...

The White information matrix (IM) test is applied to the linear regression model with autoregressive conditional heteroskedastic (ARCH) errors. ARCH models are used widely in analyzing economic and financial time series data. However, in practice, the models are not often thoroughly tested. We...

The objective of this dissertation is to investigate the patronage refunds decision in the Farm Credit System (FCS) lending associations, and simulate the capital structure change of a representative association dynamically. Patronage refunds distribution is a unique feature of financial...

It is well known that most of the standard specification tests are not robust when the alternative is misspecified. We consider the three types of typical misspecification encountered in econometric model specification testing, namely, complete misspecification, underspecification, and...

We consider an extended spatial autoregressive model that can incorporate possible endogenous interactions, exogenous interactions, unobserved group fixed effects and correlation of unobservables. In the generalized method of moments (GMM) and the maximum likelihood (ML) frameworks, we introduce...

In this study, we formulate the adjusted gradient tests when the alternative model used to construct tests deviates from the true data generating process for a spatial dynamic panel data model (SDPD). Following Bera et. al. (2010), we introduce these adjusted gradient tests along with the...