This paper deepens our understanding of the importance of the cost channel of monetary policy, where inflation adjusts with a firm's marginal cost of working capital. A model extended for a small, open economy with financial frictions is proposed and examined with data from Taiwan. The cost...

This paper examines the inter-relationships among gold prices in five global gold markets, namely London, New York, Japan, Hong Kong (since 1 July 1997, a Special Administrative Region (SAR) of China), and Taiwan. We investigate the linkages between Taiwan and the other global gold markets to...

This paper examines the inter-relationships among gold prices in five global gold markets, namely London, New York, Japan, Hong Kong (since 1 July 1997, a Special Administrative Region (SAR) of China), and Taiwan. We investigate the linkages between Taiwan and the other global gold markets to...

This paper attempts to provide an alternative method of identifying the bank lending channel in a small open economy at the aggregate level, with emphasis on the degree of the asset substitutability. By testing the long-run relationships underlying a general equilibrium model, our results show...

This study attempts to investigate market power in the U.S. commercial banking industry since the U.S. government began to deregulate the banking sector in the early 1990s using the static Bresnahan–Lau model (SBLM) and dynamic Bresnahan–Lau model with error corrections (DBLEC). In...

This paper assesses the sensitivity of consolidated corporate performance to two aspects of foreign direct investment (FDI): international involvement and target market selection. Empirical evidence from China-bound FDI by Taiwan's listed companies between 2000 and 2010 is summarized as follows....

Once a national sport, baseball in Taiwan has been devalued with repeated cheating in local games and underperformance in international tournaments. Although some attribute its demise to the compensation structure, there does not seem to be any empirical assessment of whether Taiwan's baseball...

This article examines two datasets of Taiwan's relocated firms in China (TRFC) and discusses the pros and cons of equity financing alternatives as well as cross-sectional heterogeneity and inter-temporal dynamics in the pecking order of capital structure. On-site listing, regardless of the board...

This article examines, from a unique sample of once-oligopolized 'Top 10 Banks' in Taiwan between 1981 and 2001, the dynamic effect of cost-side efficiency structure and revenue-side market structure on performance gauged by the Return on Asset (ROA) and the Return on Equity (ROE). Financial...