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2 edition of Empirical tests of the behaviour of Hong Kong exchange rates. found in the catalog.

Empirical tests of the behaviour of Hong Kong exchange rates.

King Wai Wong

Empirical tests of the behaviour of Hong Kong exchange rates.

  • 198 Want to read
  • 12 Currently reading

Published .
Written in English


Edition Notes

Thesis (M.A.) - Sheffield University Management School, 1992.

ID Numbers
Open LibraryOL13972839M

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Empirical tests of the behaviour of Hong Kong exchange rates. by King Wai Wong Download PDF EPUB FB2

The purpose of this article is the empirical testing of Capital Asset Pricing Model(CAPM) for the Romanian capital market, both for individual assets and for portfolios, using asample of daily. Introduction. The Capital Asset Pricing Model (CAPM) of Sharpe (), Lintner (), and Black () posits that there exists an unconditional, positive relation between expected return on an asset and its systematic risk as measured by beta.

However, empirical tests of the CAPM to date have employed ex post realized returns over a long historical period as proxy for the ex Cited by: The study presents the results of the empirical tests on the relationships between stock returns and various measures of risk in the Hong Kong Equity Market over the period – Several companies conduct preemployment personality tests.

Companies using them believe that these tests improve the effectiveness of their selection and reduce turnover. For example, Overnight Transportation in Atlanta found that using such tests reduced their on-the-job delinquency by 50%–% (Emmett, ; Gale, ). Personality tests at the crossroads: A response to Morgeson, Campion, Dipboye, Hollenbeck, Murphy, and Schmitt ().

Personnel Psychology, 60, – It is even possible that the ability to fake is related to a personality trait that increases. Downloadable (with restrictions). Utilizing the formal linearity test of Luukkonen, Saikkonen and Terasvirta (Biometrika, 75,) as diagnostic tool, the empirical finding suggests that the linear autoregressive (AR) model is inadequate in describing the real exchange rates behaviour of 11 Asian economies.

It is noted that the conventional battery of diagnostic tests. Price-Earnings ratios as a predictor of twenty-year returns based upon the plot by Robert Shiller (Figure9 source).

The horizontal axis shows the real price-earnings ratio of the S&P Composite Stock Price Index as computed in Irrational Exuberance (inflation adjusted price divided by the prior ten-year mean of inflation-adjusted earnings).

country specific factors such as dependence on commodities, exchange rate regime, and flexibility of the labour market. The key relationships in a typical model include: Consumer spending is driven by real income, wealth and interest rates.

Investment is driven by the return on investment and changes in capacity Size: 2MB. Downloadable. The empirical literature on long-run real exchange rate behavior has shown mixed evidence due to problems involving the lack of long time series data and the low power of time-series unit root tests in small samples.

The main objective of the present paper is to tackle these empirical issues by applying the recently developed panel cointegration techniques to. The result supports the empirical findings of Wang and Lee () that the lending rates in Hong Kong, Philippines, and Taiwan are rigid downward.

Also, Tai et al. () find that most Asian countries have a slower rate of adjustment, especially after the Asian financial by: The purpose of this paper is to investigate random walk in HongKong stock exchange.

The unit root, autocorrelation and the variance ratio tests are applied, using daily data on returns of two indexes in the period to Cheung and Wong () analyzed the Hong Kong equity market from the period of to to study the relationship between risk and return in Hong Kong equity market.

They concluded that applicability and validity of CAP model is very weak in Hong Kong stock market. Suicidal behaviour: Assessment of people-at-risk New Delhi: SAGE Publications India Pvt Ltd doi: / Kumar, Updesh and Manas K.

Mandal, eds. Suicidal Behaviour: Assessment of People-at-Risk. New Delhi: SAGE Publications India Pvt Ltd, doi: /   Abstract. We analyze the impact of credit default swap (CDS) trading on bank syndication activity.

Theoretically, the effect of CDS trading is ambiguous: on the one hand, CDS can improve risk-sharing and hence be a more flexible risk management tool than loan syndication; on the other hand, CDS trading can reduce bank monitoring by: 6.

Michael Smart, "Dividend taxation in Canada: Rates and revenues since ", Canadian Tax Journal, forthcoming. Michael Smart, "Incentives for Public Investment Under Fiscal Rules", in a book (edited by Luis Serven),to appear.

Behaviour & Information Technology, Vol. 24, No. 5 Proposing a framework to assess Internet usage in university education: an empirical investigation from a student's perspective British Journal of Educational Technology, Vol.

36, No. 2Cited by: Served as a Panelist of the Session (Topic: Successes and Limitations of the China Model: An Economic Perspective) for the Conference of 60 and Beyond: China's Modernization and the Roles of Hong Kong, organised by the Centre for Comparative and Public Law of HKU, Civic Exchange, Hong Kong Policy Research Institute, and SynergyNet.

14/11/ The impact of exchange rates on stock market returns: new evidence from seven free-floating currencies Academic Article The impact of macroeconomic and regulatory factors on bank efficiency: A non-parametric analysis of Hong Kong’s banking system Academic Article.

Since the inception of CNH, pricing gaps tend to persist between onshore and offshore exchange rates, however, it has narrowed over last couple of years. This pricing gap arises on account of different economic conditions in mainland China and. The mission of AMJ is to publish empirical research that tests, extends, or builds management theory and contributes to management practice.

All empirical methods including, but not limited to, qualitative, quantitative, field, laboratory, meta-analytic, and mixed methods are welcome. To be published in AMJ, the research must make strong. 3 1. Introduction Meisami () is the first academic study to investigate the returns of equity markets for the different Zodiac signs.2 He finds empirical evidence for high returns in the Year of the Rat and low returns for the Year of the Snake for the equity market in Hong Kong over the period to Author: Janice Phoeng, Laurentius (Laurens) Adrianus Petrus Swinkels.

3. Variables and Data Description. The sample period is January to August (⁠ T = months) and the start is dictated by the availability of data on large hedgers and speculators positions in the Commitment of Traders report published by the US Commodity Futures Trading Commission Commodity and Traditional State Variables.

Our leading Cited by: 4. There are significant geographical variations in human life expectancy, mostly correlated with economic development—for example life expectancy at birth in Hong Kong is years for girls and for boys, while in Swaziland, primarily because of AIDS, it is years for both sexes.

Earlier tests of the monetary models have usually not performed well. On the other hand, recent tests of the portfolio balance model have performed well. The purpose of this study is to test a model that can incorporate monetary as well as current account effects on exchange rates using the bilateral (SGD/USD) rate.

Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $ per hour ($14, per year) under certain US state laws (or $ for employees who receive tips, which is known as the tipped minimum wage), $ in the US state of Washington, or £ (for those aged Date/Time Location Type Title Papers; January 5, Regency C1: invited: Analysts, News, Media and Market Sentiment: 3: January 5, Furthermore, the empirical studies indicate that a significant inverse relationship exists between turnover rates and productivity (Shaw, Gupta & Delery, ).

Thus, voluntary turnover reduces an organization’s human capital component and therefore associates negatively with organizational performance. Tse Yiu Kuen December (15) ''Assessing Lund's critical values for testing for outliers in linear regression models'', Journal of Applied Statistics, 15,- (16) ''A sequential testing procedure for outliers and structural change'', Size: 69KB.

VaR value is far higher than the base VaR value. Kafai, Choi, and Fong () establish a stress test framework for Hong Kong retail banks on macroeconomic fluctuation, including macroeconomic factors such as gross domestic product (GDP), interest rates (HIBOR), real estate prices (RE), and Mainland China's GDP.

This study reviews and discusses empirical evidence corroborating the existence of overreaction in the short-term responses of real exchange rates. The amplification of shock responses, albeit occurring over a short time period only, can delay and substantially prolong the time it takes for the real exchange rate to converge to parity.

Intellectual Capital: More Than the Interaction of Competence x Commitment Abstract: Ulrich () has suggested that intellectual c.

a multiple case study in Hong Kong using Basic Psychological Needs Theory: Pam Burnard and Ros McLellan: Chia-Yi Wu: The role of digital social networking in the process of cultural transition: Case studies of East Asian young people studying in England.

current. Joseph L. Rotman Professor of Accounting, Rotman Faculty of Management, University of Toronto; Research Professor of Accounting, Stern School of Business, New York University.

Tourist behaviour towards self-service hotel technology adoption: Trust and subjective norm as key antecedents Tourism Management Perspectives, Vol. 16 The attitude cube—A three-dimensional model of situational factors in IS adoption and their impact on Cited by: Instead of personality tests, cognitive ability tests may do a better job of predicting who will be good performers.

Personality is a better predictor of job satisfaction and other attitudes, but screening people out on the assumption that they may be unhappy at work is a challenging argument to make in an employee selection context. Hong Kong-China Study Abroad Capstone.

Hong Kong-China Study Abroad (12 units) Hong Kong-China Study Abroad is a four week experience that takes place in springMini 4. The program runs for four weeks (beginning in mid-March ).

The partner school is The Chinese University of Hong Kong (CUHK) Business Read more. 40 Summary This dissertation aims to study the relationship between market timing and capital structure in Hong Kong.

This dissertation proves the existence and long-­lasting effects of market timing behaviour on changes in capital structure in Hong Kong listed companies from to BA Hons Politics and International Relations & Economics Apply Australia and Hong Kong. This exchange is undertaken in the third year of study and you must successfully complete second-year study to participate.

essays are supplemented by or, in part, replaced by project work or book reviews. At Honours level, all single Honours.

Incentives and barriers that influence clinical computerization in Hong Kong: a population-based physician survey.

Journal of American Medical Informatics Association. 10, Edward Ng - The Chinese University of Hong Kong 'Because the proportion of the world’s population living in urban areas is expected to approach % byit is urgent and timely to gain a comprehensive understanding of ' physical mechanisms underlying the workings of urban atmospheres (Preface)'.Cited by:.

Balance of trade; Price () examines the origins of this concept, the exact wording of which appeared in and the concept of which, without the wording, can be found as early as in England, when writers were concerned that by importing a greater value than it was exporting, England was losing money -- i.e., gold and silver.

Somewhat before the term "balance of .Financial contagion refers to "the spread of market disturbances – mostly on the downside – from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows".

Financial contagion can be a potential risk for countries who are trying to integrate their financial system with international financial markets. This chapter acts as a guide for academicians and, particularly practitioners, to understand the interactions between organisational justice, organisational citizenship behaviour, job satisfaction and leader–member exchange.

It highlights the spiralling effects of these interactions that ultimately affect the bottom line of an : Hooi Lai Wan.