While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying optimal managerial decisions under the enterprise reform.

In this paper, linear and non-linear Granger causality tests are used to examine the dynamic relationship between daily Korean stock returns and trading volume. We find evidence of significant bidirectional linear and non-linear causality between these two series. ARCH-type models are used to...

The roots of the feminist economics which has come, the 1990s, to be widely recognized as in a distinct field of economics are to be found in theoretical developments in both neoclassical economics and in feminist theory from around the 1960s. The aims of this paper are to (1) delineate and...