This paper uses real option theory to explicitly derive an optimal foreign investment rule. In the setting we characterize the investment decisions and give rise to a theoretic analysis of optimal foreign direct investment ...

Considered by IPO underpricing in various markets, this article studied the IPO's abnormal market behavior in an emerging market environment such as Taiwanese stock market. The objective of this research paper is to evaluate ...

Based on the approach proposed by Blitz et al. (2013), we examined the performance of the firm portfolios constructed by the residual returns from the Fama-French three factor model (Fama and French, 1993) by sampling the ...