Estate Taxes and Family-run Firms: An Empirical Study of Publicly Traded Corporations in China, Hong Kong and Taiwan

2013 ◽  
Author(s):  
Kam-Ming Wan ◽  
Shi-Jun Liu ◽  
Hsihui Chang
Keyword(s):  
Hong Kong ◽  
Empirical Study ◽  
Publicly Traded ◽  
Estate Taxes

Empirical Study on the Behaviours of Different Types of Hong Kong Small Investorss in Their Investment

2015 ◽  
Author(s):  
Sheung-Chi Chow ◽  
Tai-Yuen Hon ◽  
Wing-Keung Wong ◽  
Kai Yin Woo
Keyword(s):  
Hong Kong ◽  
Empirical Study ◽  
Different Types

scholarly journals The Effect of Optimal Cash and Deviation from Target Cash on the Firm Value: Empirical Study in Indonesian Firms

2019 ◽  
Vol 10 (1) ◽  
pp. 1-13
Author(s):  
R Heru Kristanto HC ◽  
Mamduh M Hanafi ◽  
Wayan Nuka Lantara
Keyword(s):  
Corporate Governance ◽  
Empirical Study ◽  
Firm Value ◽  
Fixed Effects ◽  
Cash Holdings ◽  
Cash Holding ◽  
Fixed Effects Model ◽  
Publicly Traded ◽  
Dynamic Panel ◽  
Panel Fixed Effects

The aim of this paper is to examine the effect of cash, optimal cash holding, deviation from target cash (the target adjustment model) on the firm value. This research uses a sample of Indonesian publicly traded firms for the period 2001-2017 (3,349 observation). This paper uses a dynamic panel fixed effects model to estimate optimal cash holdings. Hypothesis testing uses GLS fixed effect and interaction effect uses regression moderated analysis. Research finds that: first, cash, optimal cash, and deviation from target cash have an effect on the firm value. Second, corporate governance moderates the effect of cash, optimal cash, and deviation from target cash on the firm value. Third, investment positively moderates the effect of cash on the firm value. Investment negatively moderates the effect of optimal cash, deviation from target cash on the firm value. Debt negatively moderates the effect of cash, optimal cash on the firm value. Debt positively moderates the effect of deviation from target cash on the firm value. 

Aggravating and Mitigating Factors in Context

2017 ◽  
Vol 20 (3) ◽  
pp. 506-533 ◽  
Author(s):  
Kevin Kwok-yin Cheng
Keyword(s):  
Hong Kong ◽  
Empirical Study ◽  
Social Norms ◽  
Significant Role ◽  
Social Order ◽  
Future Directions ◽  
Judicial Decisions ◽  
Cultural Expectations ◽  
Mitigating Factors ◽  
Specific Factors

Despite the significant role that aggravating and mitigating factors play in sentencing outcomes, they have been neglected by both policy and research. The purpose of this study is to examine the influence of culture—which has been deemed to be an “elusive” influence—in the plea mitigation and sentencing process. An empirical study was conducted to examine the effects of both offense-specific and offender-specific factors that may serve to aggravate or mitigate the sentence in a magistrate’s court in Hong Kong. Data was collected through courtroom observations of sentencing hearings (n = 712). Statistical analyses reveal that Chinese cultural and social norms motivate judicial decisions, as defendants who did not conform to the cultural expectations of family, industry, enduring hardships, and maintaining good social order are likely to be sentenced more severely when they are convicted of a crime. A disciplinary model of sentencing is proposed to explain why certain factors are considered as aggravating in Hong Kong’s penal culture. These factors, however, are extraneous to the offense or the culpability of the offender. Implications and future directions are discussed.

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