Stock Options and Credit Default Swaps in Risk Management
Journal Article
Al-Own, B., Minhat, M., & Gao, S. (2018)
Stock Options and Credit Default Swaps in Risk Management. Journal of International Financial Markets, Institutions and Money, 53, 200-214. https://doi.org/10.1016/j.intfin.2017.09.021
The use of stock options and credit default swaps (CDS) in banks is not uncommon. Stock options can induce risk-taking incentives, while CDS can be used to hedge against credi...
The Impact of Target Capital Structure and Market Mispricing on Takeover Financing: Empirical Evidence from China
Journal Article
Li, J., & Gao, S. S. (2016)
The Impact of Target Capital Structure and Market Mispricing on Takeover Financing: Empirical Evidence from China. Global Review of Accounting and Finance, 7(2), 80-92
The dynamic trade-off theory and the market timing theory of capital structure are applied to analyze 5,923 Chinese takeover events from 2007 to 2014 with a view to identifyin...
The Motivation and Effectiveness of Adopting EVA® in China’s Central Government-Owned Enterprises
Conference Proceeding
Gao, S. S., & Zhang, J. (2015)
The Motivation and Effectiveness of Adopting EVA® in China’s Central Government-Owned Enterprises. In Proceedings of World Business Research Conference
China’s central government-owned enterprises (CGOEs) were required to implement Economic Value Added (EVA®) in 2010 as a part of introducing innovative performance evaluation ...
Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses
Journal Article
Gao, S. S., Oreal, S., & Zhang, J. (2014)
Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses. International journal of risk and contingency management, 3(2), 31-42. https://doi.org/10.4018/ijrcm.2014040103
This study investigated the current perceptions and practices of financial risk management at small businesses in China. The researchers took an interpretative approach, using...
The usefulness of derivative disclosures for investment decision-making: Perceptions of Chinese institutional investors
Journal Article
Huang, Z., & Gao, S. (2014)
The usefulness of derivative disclosures for investment decision-making: Perceptions of Chinese institutional investors. Journal of Chinese Economic and Foreign Trade Studies, 7(3), 173-192. https://doi.org/10.1108/jcefts-02-2015-0009
Purpose – The purpose of this study is to examine the usefulness of derivative disclosures from the
perspective of Chinese institutional investors in relation to their investm...
Emerging market financial services development: the case of leasing in Poland and China
Journal Article
Jaworski, P. M., Sliwinski, A., & Gao, S. S. (2014)
Emerging market financial services development: the case of leasing in Poland and China. International Journal of Innovation and Learning, 15, 365-382. https://doi.org/10.1504/IJIL.2014.062473
The aim of this paper is to present Polish and Chinese developments in this area in the period of 1999–2009 for the former and 2005–2008 the latter and then to compare both ma...
Investors' Reactions to Analysts' Forecast Revisions and Information Uncertainty: Evidence of Stock Price Drift.
Journal Article
Hou, T. C., Hung, W., & Gao, S. S. (2014)
Investors' Reactions to Analysts' Forecast Revisions and Information Uncertainty: Evidence of Stock Price Drift. Journal of Accounting, Auditing and Finance, 29, 238-259. https://doi.org/10.1177/0148558X14530129
This study examines the relationship among analysts’ earnings forecast revisions, information uncertainty, and stock returns and provides new evidence that stock price drift o...
Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms
Journal Article
Wang, L., Li, S., & Gao, S. S. (2013)
Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms. Business Strategy and the Environment, https://doi.org/10.1002/bse.1790
Previous studies that have attempted to relate corporate environmental performance to financial performance have generated conflicting results. This paper presents the finding...
Markowitz efficiency and size effect: evidence from the UK stock market
Journal Article
Hwang, T., Gao, S. S., & Owen, H. (2013)
Markowitz efficiency and size effect: evidence from the UK stock market. Review of Quantitative Finance and Accounting, https://doi.org/10.1007/s11156-013-0390-8
Academics and practitioners have frequently debated the relationship between market capitalization and expected return. We apply the Markowitz efficient frontier approach to d...
Narrative disclosure of corporate social responsibility in Islamic financial institutions
Journal Article
Aribi, Z. A., & Gao, S. S. (2012)
Narrative disclosure of corporate social responsibility in Islamic financial institutions. Managerial Auditing Journal, 27, 199-222. https://doi.org/10.1108/02686901211189862
Purpose – This study aims to examine the influence of Islam on corporate social responsibility (CSR)
and corporate social responsibility disclosure (CSRD) in Islamic financial...