Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century

2005 ◽  
Keyword(s):  
Financial Markets ◽  
21St Century ◽  
Comparative Perspective ◽  
Asia Pacific

scholarly journals The Promise of Artistic Research in the Asia Pacific

MANUSYA ◽  
2020 ◽  
Vol 23 (3) ◽  
pp. 328-334
Author(s):  
Danny Butt
Keyword(s):  
21St Century ◽  
Local Environment ◽  
Asia Pacific ◽  
Institution Innovation ◽  
Scientific Methods ◽  
University Mission ◽  
Artistic Research

Abstract Artistic research has sought to gain academic legitimacy through adapting to scientific methods, while also retaining the mandate of the humanities in the reproduction of culture. In both cases, Western epistemologies have structured what constitutes knowledge and how it is circulated and shared. The contemporary university is far more connected to its local environment, bringing the potential of engaging broad publics in the life of the institution. Innovation and experimentation with local artistic forms is one way that artistic research can powerfully animate the 21st century university mission in the Asia Pacific.

scholarly journals Do Cash Holdings Differ in Europe and Asia Pacific?

2019 ◽  
Vol 7 (2) ◽  
pp. 1-32
Author(s):  
Ummar Aftab ◽  
Waseem Akhter Qureshi ◽  
Attiya Yasmin Javid
Keyword(s):  
Financial Markets ◽  
Cash Holdings ◽  
Cash Flows ◽  
Negative Influence ◽  
Asia Pacific ◽  
Cash Holding ◽  
Financial Assets ◽  
Dividend Payment ◽  
Financial Strength ◽  
Cash Reserves

This paper identifies the determinants that contribute towards the variation in financial assets that make up a firm’s total cash reserves, specifically in two important regions of the world i.e. Asia Pacific and Europe. The findings of the research reveal that firms in the region of Asia Pacific have slightly higher cash holdings, as compared to firms in Europe. Moreover, the study also identifies that the elevated cash holdings in Asia Pacific are not a result of the agency problem, as is generally viewed, rather, the shareholder power hypothesis is a more appropriate measure to elucidate this elevation in the level of cash holdings in the region. When shedding light on to the firm specific cash holding determinants, the findings of the research reveal that leverage, dividend payment, profitability, growth and net working capital, cash flows and financial strength, influence cash reserves in both the regions, exactly in the same manner. This shows the application of transaction, and precautionary motives in both the regions. The study further identifies that size, and investments have a varying effect in both the regions that are taken into consideration. Again, this difference may be attributed to Shareholders’ Power Hypothesis, specifically for Asia Pacific and the Agency View, specifically for Europe. Shareholders’ Right Index influences cash reserves in Asia Pacific in a positive manner, while in Europe, the same index shows a negative influence. The development in the financial markets has a negative negatively influence on cash holdings in Asia Pacific, and a positive one in Europe.

An Analysis of Long Memory in Volatility for Asian Stock Markets

2000 ◽  
Vol 03 (03) ◽  
pp. 309-330 ◽  
Author(s):  
Huimin Chung ◽  
William T. Lin ◽  
Soushan Wu
Keyword(s):  
Financial Markets ◽  
Memory Effect ◽  
Long Memory ◽  
Stock Markets ◽  
Asia Pacific ◽  
Size Distortion ◽  
Asset Return ◽  
Semiparametric Method ◽  
Aggregation Size ◽  
And Shifts

One of the important questions in studies of asset return and volatility has been how long the effects of shocks persist. In this article, the modified R/S statistic of Lo (1991) and the robust semiparametric method of Lobato and Robinson (1997) are applied to investigate the long memory properties in return and volatility of Asian financial markets. For the return series, we find little evidence of long memory, while the empirical results support the hypothesis of long memory in volatility for Asia-Pacific stock markets. We also discuss the possible causes of spurious long memory effect in volatility, namely aggregation, size distortion, and shifts in variance. Our empirical evidence shows that spurious long memory effect in volatility might occur as a result of shifts in variance for some Asian stock markets.

An Army of Influence

2021 ◽  
Keyword(s):  
21St Century ◽  
Regional Cooperation ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
The Third ◽  
The World ◽  
The Future ◽  
Capacity To Change

The importance of regional cooperation is becoming more apparent as the world moves into the third decade of the 21st century. An Army of Influence is a thought-provoking analysis of the Australian Army's capacity to change, with a particular focus on the Asia-Pacific region. Written by highly regarded historians, strategists and practitioners, this book examines the Australian Army's influence abroad and the lessons it has learnt from its engagement across the Asia-Pacific region. It also explores the challenges facing the Australian Army in the future and provides principles to guide operational, administrative and modernisation planning. Containing full-colour maps and images, An Army of Influence will be of interest to both the wider defence community and general readers. It underscores the importance of maintaining an ongoing presence in the region and engages with history to address the issues facing the Army both now and into the future.

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