Advances in Pacific Basin business, economics and finance / edited by Cheng Few Lee, Min-Teh Yu.

Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries.

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Bibliographic Details
Other Authors: Lee, Cheng F. (Editor), Yu, Min-teh (Editor)
Format: eBook
Language:English
Published: Bingley, UK : Emerald Publishing Limited, 2018.
Edition:First edition.
Series:Advances in Pacific Basin business, economics and finance ; volume 6
Subjects:
Online Access:Click for online access
Table of Contents:
  • Cover; Half Title Page; Series Page; Title Page; Copyright Page; Editorial Board; Contents; List of Contributors; Related Party Transactions and Institutional Investors in Chinese Listed Companies; Abstract; 1. Introduction; 2. Institutional Background and Related Literature; 2.1. Concentrated Ownership and Related Party Transactions in Chinese Listed Companies; 2.2. The Share-structure Reform in China; 3. Data Sources; 4. Empirical Analysis; 4.1. Factors That Influence the Annual Amount of RPTs; 4.2. Abnormal Returns in Response to RPT Announcements.
  • 4.3. Institutional Trades around RPT Announcements5. Summary and Conclusion; Acknowledgment; Notes; References; Product Market Threat and Corporate Investment; Abstract; 1. Introduction; 2. Literature Review and Hypothesis Development; 3. Empirical Design; 3.1. Regression Framework; 3.2. Variable Construction; 4. Sample and Summary Statistics; 5. Empirical Results; 5.1. Product Market Threat and Future Investment: Baseline Regression Analysis; 5.1.1. Robustness Analysis: Alternative Measures of Investment; 5.1.2. Robustness Analysis: Alternative Measures of Product Market Threat.
  • 5.2. Additional Analysis: Governance, Product Market Competition, and External Monitoring6. Conclusion; Acknowledgments; Notes; References; Discretionary Idiosyncratic Risk, Firm Cash Holdings, and Investment; Abstract; 1. Introduction; 2. Methodology; 2.1. Econometric Model Specifications; 2.2. Discretionary Idiosyncratic Risk Construction; 3. Empirical results; 3.1. Descriptive Statistics; 3.2. Effect of Discretionary Idiosyncratic Risk on Firms' Cash Holdings; 3.3. Effect of Discretionary Idiosyncratic Risk on Investment Decisions; 4. Conclusions; Notes; References.
  • Appendix: Measures of Idiosyncratic Risk and Discretionary Idiosyncratic RiskIdiosyncratic Risk Based on the Market Model (); Idiosyncratic Risk Based on the Three-factor Fama-French Model (); The Economic Cost of Myopic Going Concern Practice; Abstract; 1. Introduction; 2. Going Concern Status; 3. Economic Default and the Structural Agency Problem; 3.1. Background; 3.2. An Illustration; 4. The Agency Cost
  • Solved and Measured; 5. The Going Concern Decision; 6. Case Study: Lucent Technologies Inc.; 6.1. Background; 6.2. Data and Results; 7. Conclusion; Notes; References; Appendix.
  • The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel IndustryAbstract; 1. Introduction; 2. Literature Review; 3. Data and Methodology; 4. Results and Discussion; 4.1. Descriptive Statistics; 4.2. Regression Results and Discussion; 4.2.1. The Influence of Related and Unrelated Diversification Entropy Index on Firm Performance; 4.3. Nonlinear Relationship between Degree of Diversification and Firm Performance; 4.3.1. The Influence of Crisis on the Relationship between Diversification and Firm Performance; 4.4. Robustness Test.