This paper introduces an alternate measure of idiosyncratic risk leveraged from the decomposition method to further eliminate the residual systematic risk inherent in the factor asset pricing model. Combining both complementary techniques contributes to a more comprehensive firm-level...

This paper examines the role of common, country, and industry effects on international diversification potential in ASEAN (Association of Southeast Asian Nations) stock markets. Following a decomposition approach, we extract these effects from stock returns and further examine the determinants...

This paper measures the knowledge-based development of nine countries in the two categories of developed and emerging economies. The developed economies selected include the three bench-marking developed countries from three different regions; they are the United States form the North American...

This paper introduces an alternate measure of idiosyncratic risk leveraged from the decomposition method to further eliminate the residual systematic risk inherent in the factor asset pricing model. Combining both complementary techniques contributes to a more comprehensive firm-level...

Purpose: This study investigates the effect of board independence on private information-based trading (PIBT) events. This study also examines the interaction effects of firm's disclosure quality and the statutory and demographic roles of independent directors and board diversity attributes,...