Advances in Pacific Basin Business, Economics and Finance

Dr. Cheng-Few Lee is a Distinguished Professor of Finance at Rutgers Business School, Rutgers University, USA. He is the founding editor of Review of Quantitative Finance and Accounting (1990) and Review of Pacific Basin Financial Markets and Policies (1998), and former chair of the Department of Finance at Rutgers (1988–1995).Dr. Min-Teh Yu is a Distinguished Professor of Finance at National Tsing Hua University, Taiwan. He has been recognized among the top 0.5% of scholars by ScholarGPS for his research contributions in the fields of insurance and risk management. Dr. Yu has served as associate editor and guest editor for journals, including the Pacific Basin Finance Journal, Review of Pacific Basin Financial Markets and Policies, and International Review of Economics and Finance.

• Chapter 1. Information Risk in the Corporate Bond Market; Ruixiang Jiang, Chunchi Wu, and Yanyi YeChapter 2. How Can We Hedge against Systematic Risk in High Yield Bond Portfolios?; Hélyoth Hessou and Van Son LaiChapter 3. Does Housing Affordability Pressure Hinder Education Investment? Evidence from Education Spending in European Countries; I-Chun Tsai and Che-Chun LinChapter 4. Auditor Signing Networks and Corporate Investment Efficiency: Evidence from Taiwan’s Dual-Attestation System; Wuchun Chi, Yan-Yi Chiou, and Shu-Ling YehChapter 5. Examining the Predictive Values of Accounting Summary Numbers in Annual Reports; Zhefeng (Frank) LiuChapter 6. Explaining the Momentum Spillover from Stocks to Bonds; Hai Lin, Junbo Wang, and Chunchi WuChapter 7. Linear Regression for Currency European Call Option Pricing in Incomplete Markets; Ahmad W. BitarChapter 8. Predicting Stock Moves: An Example from China; Ren-Raw Chen, Leon (Xing) Li, and Shih-Kuo YehChapter 9. Risk Factors for Motorcycle Accident Probability and Severity: Evidence from Taiwan's National Insurance Data; Chu-Shiu Li, Shin-Ming Guo, and Yung-Chuan LeeChapter 10. What Drive Market-State Conditioned Momentum?; Hsiao-Peng Fu and Shu-Fan HsiehChapter 11. Is It Feasible to Implement Tobin Tax in China?; Chien-Chi Chu and Xiaowen TanChapter 12. Exploring Market Dynamics in Taiwan's Financial Holding Industry: A Hidden Markov Approach; Ren-Der Chao, Yenming J. Chen, and Chu-Hsiung Lin