This paper documents regularities in the comparative skewness characteristics across
several classes of assets and over time. We find smaller capitalized stock indices are more …

This paper examines the extent or usage of capital budgeting techniques in Small and
Medium Enterprises (SMEs) and the effect of non-financial factors on the choice of capital …

Distributional properties of emerging market returns may impact on investor ability and
willingness to diversify. Investors may also place greater weighting on downside losses, …

This study examines the determinants of target cash reserves among publicly listed Chinese
firms in the 1998 to 2009 period, and how actual levels of cash holdings adjust towards …

This article examines the issues and challenges involved for institutions, policy makers, and
law-makers in less developed countries in their efforts to implement asset securitization …

As downside risk has been identified as a separate risk exposure to investors, we investigate
whether downside beta and co-skewness exposure impact on the return to investors in …

This paper employs Bayesian dynamic linear forecasting techniques to investigate the factors
driving the predictability of Australian stock market. The unanticipated components of a set …

This study examines the empirical relation between the yield spread of the term structure of
interest rates and future economic activity in Australia. Results indicate that the term spread …

There is evidence of regularities in the skewness of asset returns reported in the literature.
The literature, however, offers no adequate explanations for these phenomena. Based on a …

The objective of this article is to offer further investigation of the practice of investors to
concentrate their investments in cash or bonds as they grow older, and their investment horizons …