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Asia-Pacific Contemporary Finance and Development.

By: Contributor(s): Material type: TextTextSeries: International Symposia in Economic Theory and Econometrics SeriesPublisher: Bingley : Emerald Publishing Limited, 2019Copyright date: ©2019Edition: 1st edDescription: 1 online resource (344 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781789732757
Subject(s): Genre/Form: Additional physical formats: Print version:: Asia-Pacific Contemporary Finance and DevelopmentDDC classification:
  • 330.1
LOC classification:
  • HB75-130
Online resources:
Contents:
Front Cover -- Asia-Pacific Contemporary Finance and Development -- Copyright Page -- Contents -- About the Contributors -- Editorial Advisory Board Members -- Acknowledgments -- About the Editors -- Chapter 1 Asia Pacific, Trans-Pacific Partnership, and the United States: The Network Perspective -- 1. Introduction -- 2. Relation to Literature -- 3. Theoretical Background -- 3.1. Degree Centrality -- 3.2. Path Length and Strength -- 3.3. Betweenness Centrality -- 3.4. Clustering Coefficient -- 3.5. Density -- 3.6. Modularity -- 4. Network Composition -- 5. Analysis of Asia Pacific Trade Network -- 6. Conclusion -- References -- Appendix -- Chapter 2 Short-term Cross-currency Basis Swap and Japanese Government Bond Markets under Non-traditional Monetary Policy -- 1. Introduction -- 2. Data -- 3. Methodology -- 3.1 Unit Root Test -- 3.2 Cointegration Test and Theoretical Background -- 4. Results -- 4.1 Unit Root Test -- 4.2 Cointegration Test -- 5. Conclusion -- Acknowledgments -- References -- Chapter 3 The Impacts of Working Capital Policy on Firms' Performances: An Empirical Study on Thai Listed Companies in Prod... -- 1. Introduction -- 2. Literature Review and Hypotheses -- 3. Research Methodology -- 3.1. Variables Used in the Study -- 3.2. Sample and Data -- 4. Analysis and Results -- 5. Conclusion -- References -- Chapter 4 Local Amenities and Geographic Disparity in Population and Industry Distribution in Korea -- 1. Introduction -- 2. Measuring Quality of Business Environment and Quality of Residential Environment -- 2.1. Theoretic Model -- 2.2. Estimating Quality-adjusted Average Wage and Rent of Each Location -- 2.3. Indices of Business Environment and Residential Environment for Each Area -- 2.4. Most and Least Preferred Locations -- 3. Local Attributes and Composition of Areas -- 3.1. Population Shares -- 3.2. Industry Shares.
4. Conclusion -- References -- Appendix -- Chapter 5 Modeling of Critical Success Factors of Thai Retailers: Interpretive Structural Modeling Approach -- 1. Introduction -- 2. Literature Review -- 2.1. Retailing Management -- 2.1.1. Department Stores -- 2.1.2. Convenience Stores -- 2.1.3. Supermarkets -- 2.1.4. Discount Stores and Superstores -- 2.1.5. Specialty Stores -- 2.2. Critical Success Factors (CSFs) for Thai Retailers -- 2.2.1. Customer Service -- 2.2.2. Location -- 2.2.3. Pricing -- 2.2.4. Merchandise Management -- 2.2.5. Store Design and Display -- 2.2.6. Marketing Channel -- 2.2.7. Communication Mix -- 2.3. Interpretive Structural Modeling (ISM) -- 2.4. MICMA Analysis -- 3. Research Methodology -- 3.1. Prioritization and Modeling of the CSFs Using ISM -- 3.2. MIMAC Analysis of Each CSF -- 4. Analysis and Discussion -- 5. Managerial Implications of Research -- 6. Conclusion -- References -- Chapter 6 Strategic Risk Management in the Chinese Property and Casualty Insurance Industry -- 1. Introduction -- 2. Literature Review -- 2.1. Taxes -- 2.2. Firm Size -- 2.3. ROA -- 2.4. Financial Distress and Leverage -- 2.5. Market Share -- 2.6. Diversification -- 2.7. Level of Hedging in the Industry -- 2.8. Number of Firms -- 2.9. Intensity of Competition in the Industry -- 2.10. Salary Position in the Industry -- 2.11. Product Type -- 3. Research Methodologies -- 3.1. Data -- 3.2. Econometric Analysis -- 4. Discussion -- 5. Conclusion -- References -- Chapter 7 Economic Consequences of Insider-ownership: An Emerging Market Perspective -- 1. Introduction -- 2. Literature Review and Hypotheses Development -- 2.1. Insider-ownership and Cost of Debt -- 2.2. Insider-ownership and Cost of Equity -- 2.3. Insider-ownership and Firm Performance -- 3. Research Methodology -- 3.1. Samples and Variables -- 3.2. Dependent Variable -- 3.2.1. Cost of Debt.
3.2.2. Cost of Equity -- 3.2.3. Firm Performance -- 3.3. Independent Variable -- 3.3.1. Insider-ownership -- 3.3.2. Control Variables -- 3.4. Estimation Technique -- 4. Results and Discussion -- 4.1. Fisher-type Test -- 5. Conclusion and Future Recommendations -- References -- Chapter 8 Central Asia and China: Financial Development through Cooperation with Russia -- 1. Introduction -- 2. Literature Review -- 3. Methodology -- 4. Economic Implications -- 4.1. Additional Financial Resources for the Development of the Countries of Central Asia and China -- 5. Recommendations for Attracting Additional Financial Resources -- 6. Conclusion -- References -- Chapter 9 The Impact of Risk-taking on Firm Volatility -- 1. Introduction -- 2. Hypothesis Developments -- 3. Methodology -- 3.1. Panel Regression Model -- 3.2. The Empirical Measure for Firm Volatility -- 3.3. The Empirical Measure for Risk-taking -- 3.4. The Empirical Measure for Stock Market Informational Efficiency -- 3.5. Corporate Governance Indicators -- 3.6. Descriptive Statistics and Correlation Matrix -- 4. Empirical Results -- 4.1. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) -- 4.2. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) with Selected Four Moderation Indicators -- 4.3. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) Before, During, and Post-crises Periods -- 5. Conclusion -- References -- Appendix 1: Definition of Variables -- Appendix 2: Estimation of Merton's Distance-to-Default -- Chapter 10 What Determines Sukuk Issuance Type in Indonesia? -- 1. Introduction -- 2. Theoretical Framework and Hypothesis Development -- 2.1. Mudharabah Sukuk -- 2.2. Ijarah Sukuk -- 2.3. Determinants of Sukuk Issuance Type -- 2.3.1. Sukuk-specific Characteristics -- 2.3.2. The Role of Sharia Supervisory Board.
2.3.3. Firm-specific Characteristics -- 2.3.4. Market Value -- 2.3.5. Macroeconomic Condition -- 3. Research Methods -- 4. Empirical Results and Discussion -- 4.1. Descriptive Statistics of Research Variables -- 4.2. Regression Results and Discussion -- 5. Conclusion -- References -- Chapter 11 Does the Method of Corporate Diversification Matter to Firm's Performance? -- 1. Introduction -- 2. Conceptual Development and Research Hypotheses -- 2.1. Studies on Developed Countries -- 2.2. Studies on Developing Countries -- 3. Methods and Measures -- 3.1. Measurement of Type of Corporate Diversification -- 3.2. Measurement of Degree of Diversification -- 3.3. Measurement of Firm's Performance -- 3.4. Curvilinear Measurement of Diversification and Firm's Performance -- 3.5. Control Variables -- 3.6. Model Specification for Corporate Diversification (EI) and Firm's Financial Performance (ROA and Tobin-Q) -- 4. Results -- 4.1. Descriptive Statistics -- 4.1.1. Number of Firms by Type of Industry -- 4.1.2. Type of Corporate Diversification -- 4.1.3. The Degree of Corporate Diversification - Entropy Index -- 4.1.4. ROA, Tobin-Q, and Corporate Diversification Strategy -- 4.2. Corporate Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 4.3. Related Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 4.4. Unrelated Corporate Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 5. Conclusion and Implications -- Reference -- Chapter 12 Corporate Political Activity and Financial Performance: A Corporate Social Responsibility Perspective -- 1. Introduction -- 2. Literature Review -- 2.1. Corporate Political Activities -- 2.2. The Relationship between CPA and CFA -- 2.3. Corporate Social Responsibility -- 3. Research Hypotheses -- 3.1. Effect of the CPA on the CFP -- 3.2. Effect of the Interaction between CPA and CSR on the CFP.
4. Empirical Model, Methodology, and Data -- 4.1. Measurement of Corporate Political Activity -- 4.2. Measurement of Corporate Social Responsibility -- 4.3. Measurement of Corporate Financial Performance -- 4.4. Control Variables -- 4.5. Empirical Model -- 4.6. Econometric Methodology -- 4.7. Data and Sample Period -- 5. Empirical Results -- 5.1. CPA-CFP Relationship -- 5.2. Determining the Interactive Effect of the CSR and CPA on the CFP -- 6. Robustness Test -- 7. Discussion and Conclusion -- 7.1. Implications for Theory and Literature -- 7.2. Managerial and Policy Implications -- 7.3. Future Research -- References -- Chapter 13 Consumption Propensity and Entrepreneurship: Evidence from China -- 1. Introduction -- 2. Literature Review -- 3. Data -- 4. Methodologies and Empirical Findings -- 4.1. Consumption Propensity and Risk Preference -- 4.2. Consumption Propensity and Entrepreneurship -- 4.3. Consumption Propensity, Financial Constraint, and Entrepreneurship -- 4.4. Consumption Propensity, Connection, and Entrepreneurship -- 5. Conclusion -- References -- Chapter 14 Explaining Systemic Risk in Latin American Banking Industry over 2002-2015 -- 1. Introduction -- 2. Measures of Systemic Risk -- 3. The Sample of Analysis -- 4. Methodology and Variables -- 4.1. The Methodology -- 4.2. Corporate Variables -- 5. Model Specifications and Empirical Results -- 6. Conclusion -- References -- Index.
Summary: This volume of The International Symposia in Economic Theory and Econometricsexplores and investigates contemporary challenges and issues facing the Asia-Pacific economies. For researchers and students of economics and finance, this volume is a fascinating exploration of emerging topics in one the fastest growing economies in the world.
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Front Cover -- Asia-Pacific Contemporary Finance and Development -- Copyright Page -- Contents -- About the Contributors -- Editorial Advisory Board Members -- Acknowledgments -- About the Editors -- Chapter 1 Asia Pacific, Trans-Pacific Partnership, and the United States: The Network Perspective -- 1. Introduction -- 2. Relation to Literature -- 3. Theoretical Background -- 3.1. Degree Centrality -- 3.2. Path Length and Strength -- 3.3. Betweenness Centrality -- 3.4. Clustering Coefficient -- 3.5. Density -- 3.6. Modularity -- 4. Network Composition -- 5. Analysis of Asia Pacific Trade Network -- 6. Conclusion -- References -- Appendix -- Chapter 2 Short-term Cross-currency Basis Swap and Japanese Government Bond Markets under Non-traditional Monetary Policy -- 1. Introduction -- 2. Data -- 3. Methodology -- 3.1 Unit Root Test -- 3.2 Cointegration Test and Theoretical Background -- 4. Results -- 4.1 Unit Root Test -- 4.2 Cointegration Test -- 5. Conclusion -- Acknowledgments -- References -- Chapter 3 The Impacts of Working Capital Policy on Firms' Performances: An Empirical Study on Thai Listed Companies in Prod... -- 1. Introduction -- 2. Literature Review and Hypotheses -- 3. Research Methodology -- 3.1. Variables Used in the Study -- 3.2. Sample and Data -- 4. Analysis and Results -- 5. Conclusion -- References -- Chapter 4 Local Amenities and Geographic Disparity in Population and Industry Distribution in Korea -- 1. Introduction -- 2. Measuring Quality of Business Environment and Quality of Residential Environment -- 2.1. Theoretic Model -- 2.2. Estimating Quality-adjusted Average Wage and Rent of Each Location -- 2.3. Indices of Business Environment and Residential Environment for Each Area -- 2.4. Most and Least Preferred Locations -- 3. Local Attributes and Composition of Areas -- 3.1. Population Shares -- 3.2. Industry Shares.

4. Conclusion -- References -- Appendix -- Chapter 5 Modeling of Critical Success Factors of Thai Retailers: Interpretive Structural Modeling Approach -- 1. Introduction -- 2. Literature Review -- 2.1. Retailing Management -- 2.1.1. Department Stores -- 2.1.2. Convenience Stores -- 2.1.3. Supermarkets -- 2.1.4. Discount Stores and Superstores -- 2.1.5. Specialty Stores -- 2.2. Critical Success Factors (CSFs) for Thai Retailers -- 2.2.1. Customer Service -- 2.2.2. Location -- 2.2.3. Pricing -- 2.2.4. Merchandise Management -- 2.2.5. Store Design and Display -- 2.2.6. Marketing Channel -- 2.2.7. Communication Mix -- 2.3. Interpretive Structural Modeling (ISM) -- 2.4. MICMA Analysis -- 3. Research Methodology -- 3.1. Prioritization and Modeling of the CSFs Using ISM -- 3.2. MIMAC Analysis of Each CSF -- 4. Analysis and Discussion -- 5. Managerial Implications of Research -- 6. Conclusion -- References -- Chapter 6 Strategic Risk Management in the Chinese Property and Casualty Insurance Industry -- 1. Introduction -- 2. Literature Review -- 2.1. Taxes -- 2.2. Firm Size -- 2.3. ROA -- 2.4. Financial Distress and Leverage -- 2.5. Market Share -- 2.6. Diversification -- 2.7. Level of Hedging in the Industry -- 2.8. Number of Firms -- 2.9. Intensity of Competition in the Industry -- 2.10. Salary Position in the Industry -- 2.11. Product Type -- 3. Research Methodologies -- 3.1. Data -- 3.2. Econometric Analysis -- 4. Discussion -- 5. Conclusion -- References -- Chapter 7 Economic Consequences of Insider-ownership: An Emerging Market Perspective -- 1. Introduction -- 2. Literature Review and Hypotheses Development -- 2.1. Insider-ownership and Cost of Debt -- 2.2. Insider-ownership and Cost of Equity -- 2.3. Insider-ownership and Firm Performance -- 3. Research Methodology -- 3.1. Samples and Variables -- 3.2. Dependent Variable -- 3.2.1. Cost of Debt.

3.2.2. Cost of Equity -- 3.2.3. Firm Performance -- 3.3. Independent Variable -- 3.3.1. Insider-ownership -- 3.3.2. Control Variables -- 3.4. Estimation Technique -- 4. Results and Discussion -- 4.1. Fisher-type Test -- 5. Conclusion and Future Recommendations -- References -- Chapter 8 Central Asia and China: Financial Development through Cooperation with Russia -- 1. Introduction -- 2. Literature Review -- 3. Methodology -- 4. Economic Implications -- 4.1. Additional Financial Resources for the Development of the Countries of Central Asia and China -- 5. Recommendations for Attracting Additional Financial Resources -- 6. Conclusion -- References -- Chapter 9 The Impact of Risk-taking on Firm Volatility -- 1. Introduction -- 2. Hypothesis Developments -- 3. Methodology -- 3.1. Panel Regression Model -- 3.2. The Empirical Measure for Firm Volatility -- 3.3. The Empirical Measure for Risk-taking -- 3.4. The Empirical Measure for Stock Market Informational Efficiency -- 3.5. Corporate Governance Indicators -- 3.6. Descriptive Statistics and Correlation Matrix -- 4. Empirical Results -- 4.1. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) -- 4.2. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) with Selected Four Moderation Indicators -- 4.3. Panel Regression Results of Risk-taking on Volatility (GARCH(1,1)) Before, During, and Post-crises Periods -- 5. Conclusion -- References -- Appendix 1: Definition of Variables -- Appendix 2: Estimation of Merton's Distance-to-Default -- Chapter 10 What Determines Sukuk Issuance Type in Indonesia? -- 1. Introduction -- 2. Theoretical Framework and Hypothesis Development -- 2.1. Mudharabah Sukuk -- 2.2. Ijarah Sukuk -- 2.3. Determinants of Sukuk Issuance Type -- 2.3.1. Sukuk-specific Characteristics -- 2.3.2. The Role of Sharia Supervisory Board.

2.3.3. Firm-specific Characteristics -- 2.3.4. Market Value -- 2.3.5. Macroeconomic Condition -- 3. Research Methods -- 4. Empirical Results and Discussion -- 4.1. Descriptive Statistics of Research Variables -- 4.2. Regression Results and Discussion -- 5. Conclusion -- References -- Chapter 11 Does the Method of Corporate Diversification Matter to Firm's Performance? -- 1. Introduction -- 2. Conceptual Development and Research Hypotheses -- 2.1. Studies on Developed Countries -- 2.2. Studies on Developing Countries -- 3. Methods and Measures -- 3.1. Measurement of Type of Corporate Diversification -- 3.2. Measurement of Degree of Diversification -- 3.3. Measurement of Firm's Performance -- 3.4. Curvilinear Measurement of Diversification and Firm's Performance -- 3.5. Control Variables -- 3.6. Model Specification for Corporate Diversification (EI) and Firm's Financial Performance (ROA and Tobin-Q) -- 4. Results -- 4.1. Descriptive Statistics -- 4.1.1. Number of Firms by Type of Industry -- 4.1.2. Type of Corporate Diversification -- 4.1.3. The Degree of Corporate Diversification - Entropy Index -- 4.1.4. ROA, Tobin-Q, and Corporate Diversification Strategy -- 4.2. Corporate Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 4.3. Related Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 4.4. Unrelated Corporate Diversification (EI) and Firm's Performance (ROA or Tobin-Q) -- 5. Conclusion and Implications -- Reference -- Chapter 12 Corporate Political Activity and Financial Performance: A Corporate Social Responsibility Perspective -- 1. Introduction -- 2. Literature Review -- 2.1. Corporate Political Activities -- 2.2. The Relationship between CPA and CFA -- 2.3. Corporate Social Responsibility -- 3. Research Hypotheses -- 3.1. Effect of the CPA on the CFP -- 3.2. Effect of the Interaction between CPA and CSR on the CFP.

4. Empirical Model, Methodology, and Data -- 4.1. Measurement of Corporate Political Activity -- 4.2. Measurement of Corporate Social Responsibility -- 4.3. Measurement of Corporate Financial Performance -- 4.4. Control Variables -- 4.5. Empirical Model -- 4.6. Econometric Methodology -- 4.7. Data and Sample Period -- 5. Empirical Results -- 5.1. CPA-CFP Relationship -- 5.2. Determining the Interactive Effect of the CSR and CPA on the CFP -- 6. Robustness Test -- 7. Discussion and Conclusion -- 7.1. Implications for Theory and Literature -- 7.2. Managerial and Policy Implications -- 7.3. Future Research -- References -- Chapter 13 Consumption Propensity and Entrepreneurship: Evidence from China -- 1. Introduction -- 2. Literature Review -- 3. Data -- 4. Methodologies and Empirical Findings -- 4.1. Consumption Propensity and Risk Preference -- 4.2. Consumption Propensity and Entrepreneurship -- 4.3. Consumption Propensity, Financial Constraint, and Entrepreneurship -- 4.4. Consumption Propensity, Connection, and Entrepreneurship -- 5. Conclusion -- References -- Chapter 14 Explaining Systemic Risk in Latin American Banking Industry over 2002-2015 -- 1. Introduction -- 2. Measures of Systemic Risk -- 3. The Sample of Analysis -- 4. Methodology and Variables -- 4.1. The Methodology -- 4.2. Corporate Variables -- 5. Model Specifications and Empirical Results -- 6. Conclusion -- References -- Index.

This volume of The International Symposia in Economic Theory and Econometricsexplores and investigates contemporary challenges and issues facing the Asia-Pacific economies. For researchers and students of economics and finance, this volume is a fascinating exploration of emerging topics in one the fastest growing economies in the world.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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