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Full-Text Articles in Finance and Financial Management
China Financial Research: A Review And Synthesis, Kam C. Chan, Hung-Gay Fung Dr., Samanta Thapa
China Financial Research: A Review And Synthesis, Kam C. Chan, Hung-Gay Fung Dr., Samanta Thapa
GFCB Working Paper Series
We review the financial research on China as a transitional economy over the past fifteen years or so. This review sheds light on several important issues that are pertinent for an emerging financial market - how regulation can affect the prices of different financial assets; how and why markets are segmented; corporate governance effects between major and minor shareholders in an emerging market; the importance of a bank-based financial system; interactions between the financial market and the goods market; how market participants can complete the market; and how an emerging financial market emulates established markets and evolves over time. Many …
Membership On Editorial Boards And Rankings Of Schools With International Business Orientation, Kam C. Chan, Hung-Gay Fung Dr., Pikki Lai
Membership On Editorial Boards And Rankings Of Schools With International Business Orientation, Kam C. Chan, Hung-Gay Fung Dr., Pikki Lai
GFCB Working Paper Series
Using four-year data (1990, 1994, 1998, and 2002), we have provided a ranking of schools with international business (IB) orientation based on the membership on editorial boards of 30 leading international business journals. Participation on editorial boards of quality journals is highly selective, and should provide a quality indication of the schools. Both quality unadjusted and adjusted board membership based ranking are calculated in this study. Several interesting findings are worth noting. First, U.S. schools play a significant leadership role among the leading IB programs. Second, the findings of this study also show the major contribution of non-U.S. schools, which …
The Impact Of The Costs Of Subscription On Measured Ipo Returns: The Case Of Asia, Joseph K.W. Fung, Louis T. W. Cheng, Kam C. Chan
The Impact Of The Costs Of Subscription On Measured Ipo Returns: The Case Of Asia, Joseph K.W. Fung, Louis T. W. Cheng, Kam C. Chan
GFCB Working Paper Series
Asian initial public offerings (IPOs) require investors to pay subscription funds up-front upon submission of applications, and these funds are locked-up for one to three weeks without interest. Hence, the IPO process entails an explicit financing cost (opportunity cost) whether investors borrow funds or use their own funds to apply for IPO shares. The IPO subscription costs are not trivial, especially in a high interest rate environment or when an IPO is highly oversubscribed. These costs should be considered in any comparison of IPO returns across countries.
The Institutional And Individual Contributors To Research In Financial Education: 1991-2002, Kam C. Chan
The Institutional And Individual Contributors To Research In Financial Education: 1991-2002, Kam C. Chan
GFCB Working Paper Series
This paper provides an account of the contributors in financial education research during 1991-2002. We present the top institutions and individuals in financial education research that were published in Financial Practice and Education and Journal of Financial Education. In terms of institutional and individual contributors, doctoral programs faculty and institutions contribute significant large number of articles in financial education research. Similarly AACSB accredited academic programs also contribute significantly to the financial education literature. The findings in this study provide information to the potential college bound students, donors, and job applicants.