Factors affecting the yields of emerging market issuers: Evidence from the Asia-Pacific region

Author(s):  
Jonathan A. Batten ◽  
Thomas A. Fetherston ◽  
Pongsak Hoontrakul
2021 ◽  
Vol 12 (4) ◽  
pp. 1139
Author(s):  
Sakkarin NONTHAPOT

The objective of this research is to analyze the factors affecting the tourism supply and its efficiency of the tourism supply for countries in the Asia-Pacific region. The method uses the stochastic frontier with Maximum Likelihood Estimation (MLE) analyzed by Frontier software. 4.1. The data were collected from panel data from 2010 - 2019 for 23 countries. The results of the study revealed that 1) Tourism investment from the private sector and timing factors positively affect the tourism supply of countries in the Asia-Pacific region, while the tourism labor value factor has a negative effect on the tourism supply of countries in the region 2) For the technical performance measurement of tourism supply in each sub-region in the Asia-Pacific region, the average is between 0.387 and 0.657. East Asia shows the highest technical efficiency in China, Hong Kong, Japan, Macau and Mongolia while South Asia has the lowest technical efficiency in Bangladesh, India, Nepal, Pakistan, Sri Lanka and the Maldives, respectively.


2020 ◽  
Vol 23 (02) ◽  
pp. 2050014
Author(s):  
Nguyen Cong Thang ◽  
Tan Ngoc Vu ◽  
Trung Thanh Do ◽  
Vuong Minh Nguyen ◽  
Duc Hong Vo

Beta is considered an important measure of systematic risk which is arguably present in an emerging market. Daily data for 2200 Australian listed firms is collected for the January 2007–December 2016 period. Various portfolios are considered. Days with announcements (the a-day) related to crucial macroeconomic news are allocated into the group which is separated from the n-day (nonannouncement days) group. Findings indicate that beta is negatively related to daily expected excess returns in the announcement days in comparison with the nonannouncement days. It is the claim of this paper that portfolio formations do matter when empirical studies on asset pricing are conducted.


1995 ◽  
Vol 40 (4) ◽  
pp. 383-384
Author(s):  
Terri Gullickson

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