Double taxation traditionally occurs when a taxpayer is taxed twice on the same income by two jurisdictions (source jurisdiction & residence jurisdiction). Relief is usually made on a unilateral basis (domestic laws) ...

Motivated by a desire to enhance market liquidity, exchanges around the world have recently shown increasing interest in so-called `maker-taker' fee structures. However, little is currently known about the e ectiveness of ...

This paper brings together two strands of the literature: Quantifying the impact of apocalyptic risk on capital markets, and the correct computation of the equity risk premium. For the former, we use events in four ...

Motivated by the recent gold price boom, this paper investigates whether rapidly growing investment activities have caused a new asset price bubble. Drawing on gold's role as dollar hedge, inflation hedge, portfolio ...

In 2013 China overtook Australia as New Zealand’s largest merchandise trade partner, with China-New Zealand trade volumes growing by over 350% over the last decade. However, as trade steadily increases, so does the ...

Purpose: The legitimacy of CEO pay in large U.S. firms has been repeatedly challenged in first decade of the 21st century. However, increases in CEO pay have continued to outpace corresponding changes in firm size and ...

Purpose: Corporate Logic and Investor Logic are the two dominant institutional logics of corporate governance in Anglo-Saxon countries (Lok, 2010; Zajac and Westphal, 2004). Corporate Logic portrays executives as trustworthy ...

Employees perform better, are healthier, happier, and stay longer in environments in which they fit (Kristof-Brown, Zimmerman, & Johnson, 2005). In line with this, organizations wish to improve fit, and research has typically ...

In this paper, we present a new methodology for modeling intraday volume which allows for a reduction of the execution risk in VWAP (Volume Weighted Average Price) orders. The results are obtained for the all stocks ...