Finance & Economics Readings (eBook)

Selected Papers from Asia-Pacific Conference on Economics & Finance, 2017

Lee-Ming Tan, Evan Lau Poh Hock, Chor Foon Tang (Herausgeber)

eBook Download: PDF

2018 | 1st ed. 2018
175 Seiten
Springer Singapore (Verlag)
978-981-10-8147-7 (ISBN)

Infos

This book is a compilation of the best papers presented at the 2017 installment of the Asia-Pacific Conference on Economics & Finance (APEF), which is held annually in Singapore.  With a great number of submissions, it presents the latest research findings in economics and finance and discusses relevant issues in today's world. The book is a useful resource for readers who want access to economics, finance and business research focusing on the Asia-Pacific region.

Dr.Tan Lee Ming has a Masters in Applied Finance from The University of Adelaide and a Bachelor's degree in Statistics from the National University of Singapore. He is currently the conference director at East Asia Research Pte. Ltd and oversees the academic conferences organized by the company. Using his good knowledge in academic publishing, he is the co-editor for numerous proceedings published by the company.

Evan Lau is a well-trained Universiti Putra Malaysia graduate with vast experience and research excellence covering the areas of International Economics with numerous applications of econometrics techniques. Recently he ventured into socioeconomic discipline including Economics of Crime and Suicide. He joined Faculty of Economics and Business Universiti Malaysia Sarawak (UNIMAS) in 2005 soon after completing his Ph.D in 2004. He servicing as Associate Professor since June 2014 and the Managing Editor of International Journal of Business and Society (IJBS), an internationally refereed journal indexed in SCOPUS bibliographic database, Emerging Sources of Citation Index (ESCI), Malaysian Citation Centre (MCC), ProQuest publisher, Ulrich's Periodicals Directory, Cabell's Directories (Economics, Finance and Management) and EBSCO Host Publishing. He is the director of Centre of Excellence for Business, Economics and Finance Forecasting (BEFfore), UNIMAS which among other serves as a platform and reference point for business, economic and finance forecasting. He was the Visiting Scholar in Faculty of Economics in University of Cambridge from October 2013 - April 2014. Mr. Lee-Ming is the founder of East Asia Research and he obtained his Master of Applied Finance from the University of Adelaide. He is  deeply interested in how humans function and react with each other. An insight into how people's minds think and how they work together is invaluable in just about every field. Outside of work, he enjoys outdoor activities and occasional computer games. Dr. Tan Jing Hee is an Executive Director of East Asia Institute of Management as well as the Chairman of its Academic Board. He has worked as a Retail Manager,  a Senior Science Master of a government secondary school, and as a Merchandising Manager of Robinsons Departmental Store, with responsibilities in its Menswear Division. In 1973, he joined the Singapore Institute of Management, eventually becoming its Chief Operating Officer.  In 1994, he wrote doctoral thesis on Developing a Factor Model of Management Work in Singapore, for which he was awarded his Ph.D. from Henley Management College/Brunel University.

Autor

Lee-Ming Tan is the founder of East Asia Research and holds a Masters in Applied Finance from the University of Adelaide and a Bachelor’s degree in Statistics from the National University of Singapore. He is currently the conference director at East Asia Research Pte. Ltd and oversees the academic conferences organized by the company. Using his good knowledge in academic publishing, he is the co-editor for numerous proceedings published by the company. He is deeply interested in how humans function and react with each other. An insight into how people’s minds think and how they work together is invaluable in just about every field. Outside of work, he enjoys outdoor activities and occasional computer games. Evan Lau is a well-trained Universiti Putra Malaysia graduate with vast experience and research excellence covering the areas of International Economics with numerous applications of econometrics techniques. Recently, he ventured into socioeconomic discipline including Economics of Crime and Suicide. He joined Faculty of Economics and Business Universiti Malaysia Sarawak (UNIMAS) in 2005 soon after completing his Ph.D. in 2004. He servicing as Associate Professor since June 2014 and the Managing Editor of International Journal of Business and Society (IJBS), an internationally refereed journal indexed in SCOPUS bibliographic database, Emerging Sources of Citation Index (ESCI), Malaysian Citation Centre (MCC), ProQuest publisher, Ulrich’s Periodicals Directory, Cabell’s Directories (Economics, Finance and Management) and EBSCO Host Publishing. He is the director of Centre of Excellence for Business, Economics and Finance Forecasting (BEFfore), UNIMAS which among other serves as a platform and reference point for business, economic and finance forecasting. He was the Visiting Scholar in Faculty of Economics in University of Cambridge from October 2013 – April 2014. Chor Foon Tang is Senior Lecturer in the Centre for Policy Research and International Studies (CenPRIS), Universiti Sains Malaysia (USM). He holds a Ph.D. degree in Economics from the University of Malaya. He has been actively participating in academic research since 2006 and his research mainly revolves around argumentations pertaining to development economics, macroeconomics and growth catalysts in areas such as tourism, energy, savings, etc. utilising both time series and panel data econometric approaches. His research has resulted in over 100 publications in major international peer-reviewed journals, chapter in research books, and discussion papers, including Tourism Management, Cornell Hospitality Quarterly, Current Issues in Tourism, Economics Letters, Empirical Economics, Energy Economics, Applied Energy, Energy Policy, and Energy Journal. Besides, he is also an Associate Editor of International Journal of Social Economics which is a prominent economic journal under the umbrella of Emerald Publishing Group Ltd. 

Inhalt

Preface 5
APEF Advisory Board 7
Conference Chair 7
Committee Members 7
Conference Organizer 8
Conference Sponsors 8
Contents 9
1 Motivational Factors in International Nongovernmental Organizations in Vietnam 11
Abstract 11
1 Introduction 11
2 Literature Review 13
2.1 Classical Theories of Motivation 13
2.2 Contemporary Theories of Motivation 14
2.3 Conceptual Model 16
3 Methodology 18
3.1 Hypotheses 18
3.2 Data Collection Method 19
3.3 Method of Sampling for Questionnaire Survey 19
3.4 Data Analysis Method 20
4 Findings and Discussions 21
4.1 General Motivation—Findings and Discussions 21
4.2 An Overview of the Results 21
4.3 Motivation by Age—Findings and Discussions 24
4.4 Motivation by Position—Findings and Discussions 26
4.5 Motivation by INGO Length of Service—Findings and Discussions 28
5 Conclusions 30
6 Contributions of Findings and Recommendations 31
Appendix: Survey Questionnaire 33
References 33
2 The Linked Movement of House Price and Stock Price with Shocks 36
Abstract 36
1 Introduction 36
2 FIML Markov-Switching Model 37
3 Empirical Results 39
4 Conclusion 44
Acknowledgements 44
References 45
3 Bayesian Estimation of Irregular Stochastic Volatility Model for Developed and Emerging Stock Market 46
Abstract 46
1 Introduction 47
2 Literature Review 48
3 Research Methodology and Findings 49
4 Conclusions 55
References 56
4 Management of Mobile Financial Services—Review and Way Forward 57
Abstract 57
1 Introduction 58
2 MFS Terminology and State of the Industry 58
3 State-of-the-Art Theory and Related Research 60
4 The Easypaisa Case in Pakistan 62
4.1 Research Methodology 63
4.2 Growth of OTC Transactions and Mobile Wallets 63
4.3 Easypaisa—Background and Development 65
4.4 Critical Decisions and Events 67
4.5 Competitors 68
4.6 Government and Nongovernmental Organizations 70
5 Discussion and Implications 71
6 Summary 72
References 73
5 Effectiveness of Selected Knowledge-Based Determinants in Macroeconomics Development of EU 28 Economies 76
Abstract 76
1 Introduction 76
2 Theoretical Background 77
3 Research Methodology and Data 79
4 Results 82
5 Discussion and Conclusion 87
Acknowledgements 88
References 88
6 Determinants of Firms’ Innovation Activities: A Case Study of German Knowledge-Intensive Industries 91
Abstract 91
1 Introduction 92
2 Theoretical Background 93
3 Research Methodology and Data 94
4 Results 98
5 Conclusions 101
Acknowledgements 102
References 102
7 CVA for Discretely Monitored Barrier Option Under Stochastic Jump Model 105
Abstract 105
1 Introduction 105
2 Preliminary 107
2.1 EE, PFE, and CVA 107
2.2 Discretely Monitored Barrier Option 108
2.3 Stochastic Volatility Models 109
2.3.1 Heston Model 109
2.3.2 Bates Model 109
3 General Scheme for CVA Pricing for Discretely Monitored Barrier Option 110
3.1 Monte Carlo Simulation 110
3.2 Expected Exposure Estimation Based on Cosine Expansion Method 110
4 Numerical Results 112
4.1 Calibration 112
4.2 EE and PFE Profile for European Option and Barrier Option 114
4.2.1 European Option 114
4.2.2 Barrier Option 115
4.3 Impact of Parameters 117
4.3.1 Impact of Parameter /lambda_{{/rm J}} 117
4.3.2 Impact of Parameter /sigma_{{/rm J}} 118
4.3.3 Impact of Parameter /mu_{{/rm J}} 119
4.3.4 Impact of Parameter /sigma 119
4.3.5 Impact of Parameter /rho 119
5 Conclusion 120
References 120
8 Family Affair—Insider Trading and Family Firms: Evidence from Thailand 123
Abstract 123
1 Introduction 123
2 Literature Review and Hypotheses 124
3 Data Sources, Descriptive Statistics, and Methodology 126
3.1 Data 126
3.2 Family Firm in Thailand 127
3.3 Descriptive Statistics 128
3.4 Methodology 128
3.4.1 Event Study 128
3.4.2 Cross-Sectional Regression Analysis 130
4 Results 130
4.1 Abnormal Returns Around Insider Trading 130
4.2 The Effect of Family Ownership and Control 133
4.3 The Effect of Outside Blockholders and Governance Structure 134
5 Conclusion 136
References 137
9 Pattern of R& D Expenditure in the Indian Service Sector: A Firm-Level Analysis Since 1999
Abstract 139
1 Introduction 139
2 Literature Review on R& D and Service Firms
3 Pattern of R& D Expenditure and Indian Service Firms
4 Conclusion 158
References 159
10 The Role of Ownership Structure in Moderating the Effects of Corporate Financial Structure and Macroeconomic Condition on Financial Performance in Nigeria 161
Abstract 161
1 Introduction 161
2 Literature Review 166
2.1 Corporate Financial Performance 166
2.2 Corporate Financial Structure 167
2.3 Macroeconomic Condition 168
2.4 Corporate Ownership Structure 168
2.5 Corporate Ownership Structure as a Moderator 170
2.6 Theoretical Framework and Conceptual Model 171
3 Research Methodology 173
4 Conclusion 176
Acknowledgements 176
References 176

Produkt-Details

• Erscheint lt. Verlag: 5.3.2018
• Zusatzinfo: X, 175 p. 31 illus., 16 illus. in color.
• Verlagsort: Singapore
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Abenomics and the Disinflation in Japan • APEF 2017 • Asian Financial Markets and Economies • Asia-Pacific Centric Economics, Finance and Business Research • Business and Economics Research in East Asia • China's Economic Policy for Growth
• ISBN-10: 981-10-8147-6 / 9811081476
• ISBN-13: 978-981-10-8147-7 / 9789811081477