Showing papers in "Journal of Asian Economics in 2019"

TL;DR: In this article, the authors construct a corporate governance index based on seven measures pertaining to board size and composition, CEO characteristics, and ownership type, and estimate the two-way relationship between this index and each of five different financial performance indicators.

TL;DR: In this article, the authors investigate technical efficiency in crop production comparing family farms that are members of cooperatives, either as core members who took investment stakes or common members who have not, with their nonmember counterparts.

TL;DR: In this paper, the effects of bank capital ratios on liquidity creation and business diversification for Malaysia were examined for 28 commercial banks for the period 2001⬜2017, and the authors observed that the average equity capital and capital adequacy ratios trended upward over the period from 11 to 17% and from 19 to 27%, respectively.

TL;DR: This article examined the impacts of the 2011 mega flood on preferences, subjective expectations, and behaviors among rice-farming households in Cambodia, a country with weak formal institutions, and found that flood victims show greater risk aversion and altruism, and lower impatience and trust of friends and local governments.

TL;DR: In this article, the effects of FDI inflows on growth of GDP per capita, then distinguish between growth in manufacturing and services value added per capita are analyzed. But, the authors focus on the negative effect of trade services FDI on manufacturing output with no significant effect on services output.

TL;DR: In this article, the authors investigated the response to crisis of foreign investors versus domestic investors in the Malaysian stock market and found that foreign investors exhibited herding behavior during the Asian crisis and responded to the shock more quickly than domestic investors, but that foreigners did not act differently from their domestic counterparts during the Global Financial Crisis.

TL;DR: In this paper, the authors examined the relationship among mutual fund flows, stock market returns, and macroeconomic indicators for nine Asian developing economies and found that fund flows respond to past stock market return, equity fund flows positively so and bond fund flows negatively so.

TL;DR: In this article, the authors investigated the impact of micro-credit on food consumption in rural Vietnamese households and found that the burden of loan repayment may have diminished food consumption with a lag.

TL;DR: In this article, the authors investigated how educational attainment affects occupational choice for men and women in urban and rural areas and found that females in rural areas have difficulty finding regular work even when their educational attainment level is controlled, compared with males and urban females.

TL;DR: This article reported dynamic ordinary least squares findings indicating that appreciations in Asian supply chain countries reduce exports and increase imports, but despite large current account surpluses, there has been little exchange rate appreciation outside of China.

TL;DR: In this article, the authors investigated the strength of the bank lending channel in the transmission of monetary policy in Thailand and found that small banks show a greater degree of loan contraction than large banks because large banks are better able to fund continued lending through debt issuance.

TL;DR: In this paper, the authors examined the effect of mass media campaigns on income tax filing in Pakistan and found that tax filing increased in response to exposure to newspaper ads that provided information on tax eligibility.

TL;DR: In this article, the authors examined the validity of the Law of One Price (LOP) by using monthly retail price data for 24 commodities across 78 locations for the period January 2007-December 2017 in the linguistically and topographically diverse India.

TL;DR: In this article, the authors examined the effects of agglomeration economies on firm-level productivity in Vietnam and developed new measures of localization and urbanization economies using the cluster detection technique proposed by Mori and Smith (2014).

TL;DR: In this article, the conduct and the effects of macro-prudential policy in 11 Asian economies were analyzed for the period 2000-2014, and the results suggest that policy conflicts when credit growth is strong and the real economy is weak may be resolved through complementary use of macro prudential and monetary policy instruments.

TL;DR: In this paper, a theoretical framework is applied to analyze the saving behavior of households impacted by the 2008 earthquake in Wenchuan, China, revealing that the effect on cognitive self-control, as manifested in variables calibrating attention and mood, differs according to severity of damage and level of income.

TL;DR: This article analyzed the effect of foreign exchange intervention on components of the banking system's balance sheet for 19 emerging economies that pursued an independent interest rate policy and did not maintain an exchange rate peg.

TL;DR: In this article, the authors investigated the impact of monetary and fiscal policies on one another using a dynamic stochastic general equilibrium (DSGE) model calibrated for the Indian economy and found that under a high degree of interest rate smoothing, a passive monetary policy is consistent with the fiscal deficit targeting rule in that determinacy of the price level is assured.

TL;DR: This paper examined the impact of foreign direct investment in Vietnam on household and individual welfare and on migration using survey data for the period 2002 to 2016 and found that higher revenue from foreign invested firms measured at province level and normalized on population is associated with a variety of positive outcomes.

TL;DR: This paper explored the suitability of the officially used administrative definition of urban and rural in India through a study of the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGS), a demand-driven scheme targeted to rural areas.

TL;DR: In this paper, the authors investigated the role of altruism in the aftermath of a disaster and found that on average, senders in a dictator game transfer more money to a person affected by disaster losses than do those who face no loss.

TL;DR: In this paper, the authors quantified the impact of FDI on wages paid by domestic firms in the wholesale and retail trades, and found that an increased presence of foreign firms tends to lower wages of domestic firms.

TL;DR: In this article, the authors evaluate technological catch-up in the electronics industry by Chinese indigenous firms compared with foreign firms operating in the country and find that Chinese firms on the cutting edge have pushed their group productivity frontier outward at a rapid pace even as the broad mass of indigenous firms have slipped further inside this expanding frontier.

TL;DR: In this article, the effect of monetary policy on micro-finance institutions (MFIs) is analyzed in the context of the bank lending channel in Asia and Latin America, and it is shown that MFIs established as non-governmental or not-for-profit organizations respond in a direction contrary to that expected.

TL;DR: In this paper, the authors examined the stock and bond returns correlation in Korea as an emerging market case study and found that the sign of the correlation depends on the origin of risk triggering the crisis.

TL;DR: In this paper, the authors examined the effects of capital controls on investment flows using data for ten emerging East Asian economies for the period 2000-2015 and found that capital controls have limited effectiveness in reducing the flows to which they are directly applied.

TL;DR: In this article, the authors examined the role of power prices in the trajectory of industry share and found that higher power prices tend to amplify deindustrialization, causing industry share to turn downward at a lower peak and a lower per capita income, and to decline more steeply than otherwise.

TL;DR: In this paper, the authors explore the dynamics of the real yen-dollar rate and inflation rates by analysing Japan-US monthly economic data in recent years and derive a real interest differential (RID) derived from international parity conditions.

TL;DR: Wang et al. as mentioned in this paper analyzed the relationship between the second-hand house price index of Shanghai and Shanghai stock market indices distinguishing between the A-share market, in which Chinese investors predominate, and the B-share stock market in which foreign investors pre-dominate.

TL;DR: In this article, the authors analyzed the trends and determinants of external commercial borrowing (ECB) flows to India using monthly data for the period 2004M1 to 2015M12.