Digital Commons Network^™

Corporate Governance And Stock Liquidity: Panel Evidence From 2001 To 2013, Searat Ali, Benjamin Liu, Jen Je Su

Faculty of Business - Papers (Archive)

Constructing a new index of corporate governance quality (CGQ), we provide comprehensive and robust evidence for the association between governance quality and stock liquidity in the pure order-driven stock market of Australia. We hypothesize that governance quality affects stock liquidity because effective governance alleviates information asymmetries between insiders (e.g., managers) and outsiders (e.g., investors), as well as among outsiders by improving the financial transparency of a firm. Consistent with this theoretical argument, by using a large sample of 1,207 firms (10,179 firm-year observations) over the long period from 2001 to 2013, we find a significant positive relationship between governance quality …

What's Happening To Per Capita Gdp In The Asean Countries? An Analysis Of Convergence, 1960-2001, Muhammad K. Chowdhury

Faculty of Commerce - Papers (Archive)

In this paper we have examined the issue of convergence of per capita GDP across 9 ASEAN countries during 1960-2001 using World Bank data.

A Perspective On Food Policies Evolution And Poverty In The Indian Republic (1950-2001), E. J. Wilson, D. P. Chaudhri

Faculty of Commerce - Papers (Archive)

This paper analyses the rural food sector of the Indian Republic in an intertemporal growth context. A model is developed which includes the government's conflict between its poverty reducing attempts through public distribution of food, subsidized issue and support food prices and long term developmental goals. The ARDL cointegration procedure for mixed order dynamic processes identifies the major determinants of rural head count poverty for the period, 1953-2000.

The long run elasticity estimates clearly show the real consumer subsidised issue price and the real producer support price dominate the quantity effects of the per capita public distribution on rural head …