Purpose -With boards of directors playing both monitoring and guidance roles, the purpose of this paper is to examine the impact of board structure on firm value in large US and UK firms using the lenses of agency and resource dependence theories. Design/methodology/approach -Using a sample of...

This paper examines the bonding effect of cross-listing before and after the stock market liberalization reforms in China. Consistent with the bonding hypothesis, we find that Chinese firms with foreign listings attain higher valuations than firms without foreign listings. We also find that they...

This paper addresses the information asymmetry between Chinese local A-share and foreign B-share markets and its impact on the B-share discount puzzle, contingent upon Chinese stock market liberalization reforms in 2001 and 2002. In contrast with the widespread notion that domestic investors are...

The aim of the present study was to develop a scale to measure elementary school students’ subjective well-being (SWB) in school. Based on the tripartite model of SWB in school, this study developed three subscales to measure the three components of SWB in school for elementary school students...

We study the risk-averse newsvendor model with a mean-variance objective function. We show that stockout cost has a significant impact on the newsvendor's optimal ordering decisions. In particular, with stockout cost, the risk-averse newsvendor does not necessarily order less than the...

In a multi-component system, the assumption of failure independence among components is seldom valid, especially for those complex systems with complicated failure mechanism. For such systems, warranty cost is subject to all the factors including system configuration, quality of each component...

Purpose– The purpose of this paper is to identify the determinants for currency internationalization and forecast the potential of RMB as an international reserve currency. Design/methodology/approach - This paper performs linear or non-linear regressions of the shares of eight major...