DILIP K. GHOSH is Professor of Finance at Rutgers University in New Jersey and serves as Kuala Lumpur Stock Exchange Chair Professor of Finance at Universiti Utara, Malaysia. He is also the editor of the International Journal of Finance.MOHAMED ARIFF is Professor of Finance at Monash University in Australia and Bumiputra-Commerce Bank Chair in Banking and Finance at Universiti Utara, Malaysia.

• Foreword by Ahmad Fawzi and Mohd BasriIntroductionFrom Turbulence to Tranquility: Reform and Restructuring in Malaysia by Dilip K. GhoshPortfolio Investments in Australia: 1988-1997 by W. Leong and J. WickramanayakeThe Level of Managerial Ownership, Leverage, and Dividend Policies: Hong Kong Evidence by Rohit Jain and Kam-wah LaiExamining the Performance of the Malaysian Life Insurance Sector: Efficiency and Productivity Growth by Alias Radam and Shazali Abu MansorAssessing Corporate Financial Distress in Malaysia by Zulkarnain M. S. and Shamsher M.Cross Sectional Predictability of Stock Return of Colombo Stock Exchange by Elyas Elyasiani, Priyal Perera, and Tribhuvan N. PuriLinking Commercial Bank Lending into Determinants of Price Level in Malaysia by Tuck Cheong TangOptimal Financial Structure: A Modigliani and Miller Dynamic Model for Mexican Corporations by Edgar Ortiz and Jonathan TorresThai Capital Market Integration Using Relevant Assets by Pornanong Budsaratragoon and Sunti TirapatIntraday Systematic Patterns, Lead-Lag Relationships and Pricing Efficiency: Evidence from the Kuala Lumpur Composite Index Futures by Fauzias Mat Nor and Tea Lee ChooThe 1997-98 Asian Financial Crisis, Corporate Restructuring, and Earnings Per Share of Listed Companies by Zainal A. Mohamed, Haim H. Abdullah, and Ahmad YakobThe National Economy Recovery Plan: Perception of Financial Market by Nasruddin Zainudin, Nor Hayati Ahmad, Engku Ngah Engku Chik, Nik Kamariah Nik Mat, and Che Ani MadCost Efficiency and Economies of Scale in Asian Banking by Mohd Zaini Abd KarimFactors in Capital Structure in Japan, Malaysia, and Pakistan by Mansor Isa and Mohamad Mahmud

DILIP K. GHOSH is Professor of Finance at Rutgers University in New Jersey and serves as Kuala Lumpur Stock Exchange Chair Professor of Finance at Universiti Utara, Malaysia. He is also the editor of the International Journal of Finance.MOHAMED ARIFF is Professor of Finance at Monash University in Australia and Bumiputra-Commerce Bank Chair in Banking and Finance at Universiti Utara, Malaysia.

• Foreword by Ahmad Fawzi and Mohd BasriIntroductionFrom Turbulence to Tranquility: Reform and Restructuring in Malaysia by Dilip K. GhoshPortfolio Investments in Australia: 1988-1997 by W. Leong and J. WickramanayakeThe Level of Managerial Ownership, Leverage, and Dividend Policies: Hong Kong Evidence by Rohit Jain and Kam-wah LaiExamining the Performance of the Malaysian Life Insurance Sector: Efficiency and Productivity Growth by Alias Radam and Shazali Abu MansorAssessing Corporate Financial Distress in Malaysia by Zulkarnain M. S. and Shamsher M.Cross Sectional Predictability of Stock Return of Colombo Stock Exchange by Elyas Elyasiani, Priyal Perera, and Tribhuvan N. PuriLinking Commercial Bank Lending into Determinants of Price Level in Malaysia by Tuck Cheong TangOptimal Financial Structure: A Modigliani and Miller Dynamic Model for Mexican Corporations by Edgar Ortiz and Jonathan TorresThai Capital Market Integration Using Relevant Assets by Pornanong Budsaratragoon and Sunti TirapatIntraday Systematic Patterns, Lead-Lag Relationships and Pricing Efficiency: Evidence from the Kuala Lumpur Composite Index Futures by Fauzias Mat Nor and Tea Lee ChooThe 1997-98 Asian Financial Crisis, Corporate Restructuring, and Earnings Per Share of Listed Companies by Zainal A. Mohamed, Haim H. Abdullah, and Ahmad YakobThe National Economy Recovery Plan: Perception of Financial Market by Nasruddin Zainudin, Nor Hayati Ahmad, Engku Ngah Engku Chik, Nik Kamariah Nik Mat, and Che Ani MadCost Efficiency and Economies of Scale in Asian Banking by Mohd Zaini Abd KarimFactors in Capital Structure in Japan, Malaysia, and Pakistan by Mansor Isa and Mohamad Mahmud

DILIP K. GHOSH is Professor of Finance at Rutgers University in New Jersey and serves as Kuala Lumpur Stock Exchange Chair Professor of Finance at Universiti Utara, Malaysia. He is also the editor of the International Journal of Finance.MOHAMED ARIFF is Professor of Finance at Monash University in Australia and Bumiputra-Commerce Bank Chair in Banking and Finance at Universiti Utara, Malaysia.

• Foreword by Ahmad Fawzi and Mohd BasriIntroductionFrom Turbulence to Tranquility: Reform and Restructuring in Malaysia by Dilip K. GhoshPortfolio Investments in Australia: 1988-1997 by W. Leong and J. WickramanayakeThe Level of Managerial Ownership, Leverage, and Dividend Policies: Hong Kong Evidence by Rohit Jain and Kam-wah LaiExamining the Performance of the Malaysian Life Insurance Sector: Efficiency and Productivity Growth by Alias Radam and Shazali Abu MansorAssessing Corporate Financial Distress in Malaysia by Zulkarnain M. S. and Shamsher M.Cross Sectional Predictability of Stock Return of Colombo Stock Exchange by Elyas Elyasiani, Priyal Perera, and Tribhuvan N. PuriLinking Commercial Bank Lending into Determinants of Price Level in Malaysia by Tuck Cheong TangOptimal Financial Structure: A Modigliani and Miller Dynamic Model for Mexican Corporations by Edgar Ortiz and Jonathan TorresThai Capital Market Integration Using Relevant Assets by Pornanong Budsaratragoon and Sunti TirapatIntraday Systematic Patterns, Lead-Lag Relationships and Pricing Efficiency: Evidence from the Kuala Lumpur Composite Index Futures by Fauzias Mat Nor and Tea Lee ChooThe 1997-98 Asian Financial Crisis, Corporate Restructuring, and Earnings Per Share of Listed Companies by Zainal A. Mohamed, Haim H. Abdullah, and Ahmad YakobThe National Economy Recovery Plan: Perception of Financial Market by Nasruddin Zainudin, Nor Hayati Ahmad, Engku Ngah Engku Chik, Nik Kamariah Nik Mat, and Che Ani MadCost Efficiency and Economies of Scale in Asian Banking by Mohd Zaini Abd KarimFactors in Capital Structure in Japan, Malaysia, and Pakistan by Mansor Isa and Mohamad Mahmud