Purpose – The effect of corporate governance on firm performance has long been of great interest to financiers, economists, behavioural scientists, legal practitioners and business operators. Yet there is no consensus over what constitutes an effective corporate governance mechanism that...

Purpose – The purpose of this paper is to test the role of corporate governance instruments in affecting the value of a firm (CGVF) in isolation and in combination of each other in a developing financial market characterized by the existence of additional imperfections in this market....

Efficient Market Hypothesis (EMH) has attracted a considerable number of studies in empirical finance, particularly in determining the market efficiency of an emerging financial market. Conflicting and inconclusive outcomes have been generated by various existing studies in EMH. In addition,...

These days companies are competing in a fast changing environment. To keep its competitiveness, the company needs not only to seek and select new investment opportunities but also to adjust its existing projects. This paper discusses an optimal project selection and adjusting problem under...

The importance of good health of a population is crucial when determining social welfare. A new health-adjusted national income indicator that explores the relationships between economic growth, health and social welfare in Bangkok, Thailand from 1975 to 1999 is applied. This new approach to...

This paper presents measures for the performances of 12 selected Asia Pacific countries in developing knowledge-based economies (KE). The performances of the selected countries are evaluated using Data Envelopment Analysis (DEA). The DEA scores indicate that four of the emerging countries...