Managerial Finance: Volume 32 Issue 11

Capital expenditures and corporate earnings: Evidence from the Taiwan Stock Exchange

Ching‐Hai Jiang, Hsiang‐Lan Chen, Yen‐Sheng Huang

The purpose of this paper is to examine the relationship between capital expenditures and corporate earnings for 357 manufacturing firms listed on the Taiwan Stock Exchange over…

Stock bonus compensation and firm performance in Taiwan

Wen‐Chung Guo, Shin‐Rong Shiah‐Hou, Yu‐Wen Yang

The main purpose of this paper is to investigate the relative firms’ performances of equity‐based compensation schemes using a panel regression approach from Taiwanese experience.

A stochastic process approach in setting the appropriate margin level for the TAIFEX stock index futures

Jian‐Hsin Chou, Hong‐Fwu Yu

The main purpose of this paper is to compute the appropriate margin level for the stock index futures traded on the Taiwan Futures Exchange (TAIFEX) and, then, to examine the…

Market condition, number of transactions, and price volatility: Evidence from an electronic, order driven, call market

Vivien W. Tai, Yao‐Min Chiang, Robin K. Chou

Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more…

Taiwan multi‐factor model construction: equity market neutral strategies application

So‐de Shyu, Yi Jeng, W.H. Ton, Kon‐jung Lee, H.M. Chuang

With the development of the modern portfolio theory and the advancement of information technology, the employment of quantitative approaches to practically measure asset risks and…