This paper documents the technical efficiency of Chinese banks over 1999–2010. With
stochastic frontier analysis, we find that Chinese banks are about 18% more efficient in …

There remain open questions regarding whether board of director ethnic and gender diversity
increases or decreases firm value. Additionally, prior research has yet to examine the …

Despite the apparent benefits of exporting, many small and medium-sized firms in the US
have not increased their export activities. Data from a recent survey of 279 Wisconsin …

Purpose – As part of the banking reform, major commercial banks in China went through
initial public offerings (IPOs) in the past two decades. Has this change in the ownership …

Using the most recent data sample, we documented that holiday effects persist in the Chinese
security exchanges. Consistent with evidence from other countries, the pre-holiday effect …

Purpose – The purpose of this paper is to investigate whether firms repurchase shares to
meet or just beat their dividend target as managers perceive share repurchases are more …

Most recent advances in the application of duration and convexity to bond valuation focus on
option free bonds or the so-called'plain vanilla'variety. But, as yet, no one has provided an …

… Jamshid Mehran (School of Business and Economics, Indiana University South Bend, …
Jamshid Mehran is a Professor of Finance at Indiana University South Bend. Jamshid Mehran is …

Global investors, banks and non-bank financial institutions, central banks, and portfolio
managers are all interested in finding a model to accurately determine future exchange rates. …

Purpose – This study aims to look into how volatility significantly impacts the tracking error
for daily-rebalanced leveraged bull and bear ETFs. Design/methodology/approach – Using …