This study examines the impact of the California Nonprofit Integrity Act (2004) on CEO compensation costs in affected organizations. Contrary to the stated objective of the Act that executive compensation be “just and reasonable,” we find that CEO compensation costs for affected nonprofits...

In this paper we test whether the stock-market in India is driven by macro-economic fundamentals. We employ a non-parametric approach to determine whether any variables are non-linearly related with stock returns and the variability of stock returns by taking monthly observations from 1998 to...

The purpose of this paper is to examine the monetary policy transmission mechanism for the Fiji Islands using a structural vector autoregressive (SVAR) model for the period 1975 to 2005. Design/methodology/approach: The SVAR model investigates how a monetary policy shock - defined as a temporary...