This paper uses dynamic panel estimation approaches to investigate the relationship between shareholder value and efficiency for a large sample of commercial banks in 14 Asia-Pacific economies between 2003 and 2010. In general, the results indicate that shareholder value is positively linked to...

Analysis of the tradeoff between competition and financial stability has been at the center of academic and policy debate for over two decades and especially since the 2007–2008 global financial crises. Here we use information on 14 Asia Pacific economies from 2003 to 2010 to investigate the...

Slope of the yield curve has often been cited as an indicator of economic activity. Based on this premise, we extend the study to examine whether one can use the US zero-coupon yield spread to predict excess stock market volatility of three international stock markets - the United States, the...

This paper attempts to answer the question of whether the gain and loss in property market speculations and rate of information flow play a significant role in stock market volatility in Hong Kong. To test for our wealth-volume-volatility hypothesis, two different measures of volatility:...

Employing the stochastic frontier approach and expansion path measures, this article estimates economies of scale and scope in China's banking sector during the period 1985 to 2002. The objective is to assess whether different ownership types and banking reforms affect economies of scale and...

This paper investigates the relationship between market structure and performance in China's banking system from 1985 to 2002, a period when this sector was subject to gradual but notable reform. Using panel data estimation techniques, both the market-power and efficient-structure hypotheses are...

This article investigates the relationship between market structure and performance in the British retail banking market for the period 1993 to 2004. Using panel data estimation methods, both the Market Power (MP) and Efficient-Structure (ES) hypotheses are tested. This study is the first to...

China's banking system has undergone gradual reform since 1978, with a view to improving efficiency and resource allocation. Recent reforms have focused on allowing banks to list some shares on domestic and foreign exchanges, greater foreign equity participation in Chinese banks and the...

[fre] Cet article traite de la volonté affichée au cours de ces dix dernières années par les principales institutions bancaires de la planète de développer des activités de banques d’affaires à l’échelle mondiale. Cette industrie a de fait connu des phénomènes de concentration et...