... as the average of 24 temperatures which the Japan Meteorology Agency records on the hour of each day. In this risk swap one degree of the average temperature above 26.5° or below 25.5° corresponds to 8?61=488 million yen and the maximum limit of the payoffs is 700 million yen. The actual average temperature...

... for heteroskedasticity. Findings Using industry data from Japan and the USA, the authors find that although both exchange rate and global industry shocks are statistically significant in explaining the performance of these industries relative to their domestic markets, economically the global industry shock plays...

.... Pascal Nguyen can be contacted at: pascal.nguyen@uts.edu.au © Emerald Group Publishing Limited 2011 Dividends Distribution Corporate governance Corporate finances Japan Payout policy appears to be governed by the agency conflict between managers and shareholders. Rozeff (1982...

... and second sections of the Tokyo Stock Exchange with a daily observation frequency. The daily return series of the Nikkei Portfolio Master database was used, and the observation period was from January of 1977 to December of 2007. Capital asset pricing model Liquidity Momentum Stock markets Japan...

... in mean (MGARCH‐M) to examine the exchange rate exposure and its pricing. Findings Using industry data for Japan, similar to previous studies, foreign exchange risk is not priced based on the test of an unconditional two‐factor asset pricing model. However, strong evidence of time‐varying foreign...

...Ahsan Habib This paper investigates the impact of earnings management on value relevance of accounting information in the context of Japan. Researchers carrying out earnings management research usually rely on the Jones (1991) or the modified Jones model (1995) to disaggregate accruals into its...

... Kingdom Japan Volume 29 Number 8 2003 1 Nonlinear Dynamics in Multinational Financial Data by Dimitrios Tsoukalas, School of Management , Purdue University-Calumet, 2220 169th St., Hammond, IN, 463232, USA, Musa Darayseh, School of Management, Purdue University-Calumet, 2220 169th St., Hammond...

...Marios Mavrides This article examines predictability of returns and volatily in three major stock markets, the U.S., U.K., and Japan, using the Vector Autoregrassive and the Autoregressive Conditional Heteroskedastic (ARCH) approaches. We find that in all three markets dividendprice ratios...

... the study of different kinds of BFI in different macro environments, provides an opportunity to examine the effect of NFPM in different environments. The cross‐country studies help to demonstrate the rationale for the impact of EC on NFPM in three countries (Finland, Sweden and Japan). Results of this study...

... MCB UP Limited 2003 Accounting research Market share Exchange rates Pricing Vehicles New Zealand Japan Australia Germany United Kingdom Volume 29 Number 1 2003 55 The Effect of Exchange Rate Expectations on Market Share by Jui-Chi Huang, Department of Economics, American...

... of this to the real economy in Japan and briefly considers the implications for government policy. Volume 28 Number 10 2002 33 The Global Economy and Japanese Bank Performance by William L. Weber, Department of Economics, Southeast Missouri State University, Cape, Girardeau, Missouri, and Michael Devaney, Department...

... and Japanese markets and the Morgan Stanley Capital International indexes. Explains the methodology and presents the detailed results, which show that the Hong Kong adjustment is similar to the US and Japan for systematic and for all information; although the range of adjustment speeds depends on the sector...

... the transaction costs into account the benefits from static hedging disappear. Finally in special economic situations (e.g. Japan) hedging can lead to negative results. JEL classification: F3, G1 Keywords: International Diversification; Asset Allocation; Currency hedging; Mutual Funds. I. Introduction Research...

...Dimitrios Tsoukalas This study examines predicability and volatility in three major stock markets, (the US, UK, and Japan) using the Vector Autoregressive Approach and the Multivariate Autoregressive Conditional Heteroskedastic‐in‐mean (ARCH‐M) approach. We find that in the three markets: a) stock...

... on the predictability of stock returns in equity capital markets, investigating the predictive power of dividend yields, dividend growth rate, and the term structure of interest rates, in order to determine whether a) the predictability phenomenon exists in both US and Japan, and b) considering the signaling...

... that Japanese underwriters lead in currency securities and US underwriters in interest rate securities. Provides a glossary of technical terms. © MCB UP Limited 2000 Accounting research Derivatives Securities markets Financial institutions Europe USA Asia Japan Volume 26 Number 3 2000 51...

...Keshab Shrestha; Sheng‐Syan Chen Outlines the Fisher hypothesis, cites previous relevant research and develops mathematical models for long‐run and short‐run Fisher relationships. Applies them to the UK, USA, Canada and Japan, using 1978‐1997 monthly data and Eurocurrency interest rates to explore...

...Kazume Nishiyama Compares the aggregate stock returns of five countries in order to understand their behaviour, bearing in mind shocks and regime shifts. Applies a Markov‐switching model to examine discrete shifts in regime in equity markets from 1976 to 1991 in Germany, Japan, USA, United Kingdom...

...Roger W. Clark; George C. Philippatos Surveys the development of employee stock ownership plans (ESOPs) in the USA, Canada, Japan and the EU. Suggests that ESOPs are driven by management in the USA but are culturally approved by both sides of industry in Japan. Describes the European system...