scholarly journals AN EMPIRICAL EXAMINATION OF LINKAGES AMONG KARACHI STOCK EXCHANGE AND EMERGING EQUITY MARKETS OF ASIA PACIFIC REGION

2013 ◽  
Vol 01 (02) ◽  
pp. 55-61
Author(s):  
Arshad Hassan ◽  
Khalid Mehmood Awan
Keyword(s):  
Hong Kong ◽  
Stock Exchange ◽  
Equity Markets ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Empirical Examination ◽  
Cointegration Tests ◽  
International Investors ◽  
Multivariate Cointegration

This study analyses weekly stock indices for ten equity markets of Asia pacific region for the period January 1, 2001 to June 30, 2013 to explore the long run relationship among Karachi stock exchange and Asia Pacific equity markets . These markets include Hong Kong, Singapore, Indonesia, Korea, Malaysia, Pakistan, Taiwan, India and china. Multivariate Cointegration and VAR procedures are performed to observe the long term dynamic relationships among these market Results show that Karachi stock exchange is best performing market for the period under study as it offers the highest return at relatively low risk level. Multivariate Cointegration analysis provides an evidence of a single cointegrating equation among the markets studied. The results of the bivariate Cointegration tests indicate that the Pakistani stock market is not individually integrated with any of the emerging Asia Pacific markets except Hong Kong and Taiwan. Granger causality tests reveal a casual flow from Korea, Hong Kong, Taiwan and Indian indices to Karachi stock exchange index. This unidirectional causality is indicator of lead-lag relationship amongst them. Variance decomposition analysis shows that Karachi Stock Exchange (KSE) is exogenous as most of its vibrations are explained by its own unique shocks. Above results explain that international investors can derive the benefits of portfolio diversification and any volatility in emerging Asia Pacific markets does not expose the international investors in Karachi stock exchange to any immediate threat of spill over effect.

scholarly journals Hong Kong maritime arbitration under the Arbitration Ordinance 2011

2017 ◽  
Vol 2 (4) ◽  
pp. 367-375
Author(s):  
Sik Kwan Tai ◽  
Bing Chan
Keyword(s):  
Hong Kong ◽  
Design Methodology ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Legal Cases ◽  
Content Type

Purpose In 2011, the new Arbitration Ordinance took effect in Hong Kong. This paper aims to discuss the new features on maritime arbitration. Design/methodology/approach The relevant provisions of the Arbitration Ordinance 2011 and the legal cases are examined. Findings Hong Kong is a first class maritime arbitration centre in the Asia Pacific Region. Originality/value This paper is one of the very few general reviews of the maritime arbitration under the Arbitration Ordinance 2011.

An Investigation into the linkage between Malaysian Listed Manufacturing Companies' Business Health and Financial Results

2020 ◽  
Vol 8 (11) ◽  
pp. 157-164
Author(s):  
Shaakalya Pathak ◽  
Foo See Liang
Keyword(s):  
Stock Exchange ◽  
Asia Pacific ◽  
Pacific Region ◽  
Manufacturing Companies ◽  
Financial Health ◽  
Z Score ◽  
Kuala Lumpur ◽  
Asia Pacific Region ◽  
Return On Equity ◽  
Z Scores

Malaysia is widely considered to be a key leading economy in the Asia Pacific region. This research paper investigates the linkage between the business (or financial) health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in this market (the ‘BURSA’ or Bursa Malaysia Stock Exchange, formerly known as the KLSE or Kuala Lumpur Stock Exchange). A linear regression has been conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a five-year period have also been analysed. The analysis covers the period from 2013 to 2017 (inclusive) and yields a statistically positive correlation between ROE and the Z-Score for the market. Malaysia registered moderate-to-strong mean and median Z-Scores. These findings further support the strong economic position of this market as an Asian giant.

TIME-FREQUENCY NEXUS BETWEEN BITCOIN AND DEVELOPED STOCK MARKETS IN THE ASIA-PACIFIC

2020 ◽  
pp. 1-26
Author(s):  
NGO THAI HUNG
Keyword(s):  
Equity Markets ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Causality Test ◽  
Time Frequency ◽  
Long Run ◽  
Portfolio Managers ◽  
Developed Stock Markets ◽  
Additional Support

This study investigates the connectedness between Bitcoin prices and major stock indices in the Asia-Pacific region from February 2012 to August 2019. Based on the wavelet transform framework, we find evidence of significant unidirectional association from Bitcoin to the selected markets in the short, medium, and long-run in the Asia-Pacific region. Overall, Asia-Pacific equity markets and Bitcoin cryptocurrency are weakly correlated at higher frequencies throughout the sample period, but the dependence of Bitcoin on the equity markets steadily increases at lower frequencies. Further, we construct the wavelet-based Granger causality test at different time scales to provide additional support to our connectedness results. Our findings provide important implications for policymakers, portfolio managers, and investors who are invited to take into account the dynamic linkages between Bitcoin and equity markets.

SMALL AND MEDIUM SIZED RETAILERS' PROMOTION STRATEGIES IN THE ASIA PACIFIC REGION - A COMPARATIVE STUDY

1999 ◽  
Vol 07 (02) ◽  
pp. 179-196 ◽  
Author(s):  
FAM KIM SHYAN ◽  
BILL MERRILEES
Keyword(s):  
Hong Kong ◽  
Comparative Study ◽  
New Age ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Managerial Implications ◽  
Promotion Strategies

This paper examines and compares the promotion strategies used by clothing and shoe retailers in the Asia Pacific region, namely Hong Kong, New Zeal and Australia. To undertake this study, we postal surveyed the clothing and shoe retailers' perceptions of the importance of various promotion tools across the three countries. The results show that there are significant differences among the three countries in terms of promotion mix usage. Our main conclusion is that there are two approaches to strategic promotion, namely traditional and new age marketing. The paper ends by isolating the managerial implications of the research and identifies related areas that might be fruitfully exploited by international retailers.

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