Systematic Risk in the Asia Pacific Region: A Clinical Death?

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.

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Characteristics and behavior of newly listed firms: Evidence from the Asia-Pacific region

Journal of International Financial Markets Institutions and Money ◽

10.1016/j.intfin.2006.03.002 ◽

2007 ◽

Vol 17 (5) ◽

pp. 420-436 ◽

Cited By ~ 2

Author(s):

Stephen P. Ferris ◽

Narayanan Jayaraman ◽

Sanjiv Sabherwal

Keyword(s):

Asia Pacific ◽

Pacific Region ◽

Asia Pacific Region ◽

Listed Firms ◽

And Behavior

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Understanding key drivers of attitudes toward income inequality in the Asia Pacific region

HCMCOUJS - ECONOMICS AND BUSINESS ADMINISTRATION ◽

10.46223/hcmcoujs.econ.en.9.1.175.2019 ◽

2020 ◽

Vol 9 (1) ◽

Author(s):

Vo Hong Duc ◽

Nguyen Cong Thanh ◽

Pham Ngoc Thach ◽

Vo The Anh ◽

Vu Ngoc Tan

Keyword(s):

Income Inequality ◽

Family Income ◽

Empirical Studies ◽

Demographic Factors ◽

Asia Pacific ◽

World Values Survey ◽

Pacific Region ◽

Asia Pacific Region ◽

Key Drivers

Attitude toward income inequality and its drivers have attracted great attention from policymakers around the globe. Nevertheless, it appears that there is a shortage of empirical studies on the issue, at least in the context of the Asia-Pacific region – the World’s most dynamic economic region. This study is conducted to determine key drivers of attitude toward income inequality from various demographic factors, including Gender, Age, Political party, Education, Supervision, Family income, and Class. Available data for 19 countries at a different level of economic growth and development in the region are collected from the World Values Survey in 2016. The findings from this empirical study suggest that the role of each demographic factor as a significant explanation of variation in the attitude toward income inequality is different across nations in the study. In addition, a set of demographic factors, significantly contributing to the variation in attitude toward income inequality, varies across selected countries in the study. Among the demographic factors, Supervision and Class tend to be dominant factors in explaining variation in the attitude toward income inequality.

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Integration processes in the Asia-Pacific region: features and potential of expansion

POWER AND ADMINISTRATION IN THE EAST OF RUSSIA ◽

10.22394/1818-4049-2020-92-3-20-31 ◽

2020 ◽

Vol 92 (3) ◽

pp. 20-31

Author(s):

D. A. Izotov ◽

Keyword(s):

Global Economy ◽

Empirical Studies ◽

The United States ◽

Asia Pacific ◽

Trade Barriers ◽

Pacific Region ◽

Negative Consequences ◽

Asia Pacific Region ◽

Trade Blocs ◽

Economic Ties

In the article, based on the analysis of theoretical and empirical studies, the features of integration processes in the Asia-Pacific region are determined, and the economic potentials of the large trade blocks in the sub-global economy are compared. The author shows that the noticeable results of the trade and economic ties expansion between the key countries of the Asia-Pacific region became possible by the production fragmentation and the trade barriers reduction. The assessment indicated that the weighed import duty in the trade interactions between the Asia-Pacific countries was characterized by the lower values compared to the other countries. The Asia-Pacific countries have a hidden potential for trade barriers increasing. It is shown that the main reason of the trade agreements expansion between the Asia-Pacific countries is to avoid the negative consequences of non-participation in such agreements. In the terms of economic, demographic and trade scales, the comparative potentials of various mega-formats in the Asia-Pacific region are shown. The author shows that only one trade mega-format was created in the sub-global economy, because the contradictions between the Asia-Pacific countries. The lack of mutual initiatives for a free trade zone creation between the United States and China significantly slows down the integration processes in the Asia-Pacific region. It is shown that in the long term, Russia may face a competitive choice in integration with the Asia-Pacific countries, which can join either the “pro-American” or “pro-Chinese” large trade blocs.

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