Advances in Pacific Basin Business, Economics and Finance

Cheng-Few Lee is a Distinguished Professor of Finance at Rutgers Business School, Rutgers University and was chairperson of the Department of Finance from 1988–1995. He has also served on the faculty of the University of Illinois (IBE Professor of Finance) and the University of Georgia. He has maintained academic and consulting ties in Taiwan, Hong Kong, China and the United States for the past three decades. He has been a consultant to many prominent groups including, the American Insurance Group, the World Bank, the United Nations and The Marmon Group Inc, and Polaris Financial Group. Min-Teh Yu is Chair Professor and President at China University of Technology, Taiwan. He is also Chair Professor at National Chiao Tung University and a research fellow at RIRC, National Cheng-Chi University. He was President of Providence University, Dean of National Chiao Tung University, Dean of Yuan Ze University, and Department Head at National Central University. He was also the President of Taiwan Risk and Insurance Association and a Board Director for the Asia-Pacific Risk and Insurance Association. He received his Ph.D. from Ohio State University.

Economists and business scholars report on recent findings and current conditions regarding commercial concerns around the Pacific Basin. Their topics include related party transactions and institutional investors in Chinese listed companies, the economic cost of myopic going concern practice, how equity mispricing and long-term growth opportunities influence the firm-level capital structured dynamics of Taiwanese publicly listed firms, how board structures of Thai firms influence different quantile levels of firm performance, the role of institutional quality on the environmental Kuznets curve: a comparative study in developed and developing countries, and an empirical analysis of the impact of employment on the first-birth decision for married women in Taiwan.

• Chapter 1. Related Party Transactions and Institutional Investors in Chinese Listed Companies; Chuan-Yang Hwang, Shaojun Zhang, Yanjian Zhu Chapter 2. Product Market Threat and Corporate Investment; Debarati Bhattacharya; Tai-Yu Chen, Wei-Hsien Li Chapter 3. Discretionary Idiosyncratic Risk, Firm Cash Holdings and Investment; Van Son Lai, Duc Khuong Nguyen, William Sodjahin, Issouf Soumaré Chapter 4. The Economic Cost of Myopic Going Concern Practice; Ren-Raw Chen, Hsuan-Chu Lin, Michael Long Chapter 5. The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry; Chai Aun Ooi, Chee Wooi Hooy, Ahmad Puad Mat Som Chapter 6. How do Equity Mispricing and Long-term Growth Opportunities Influence Firm-Level Capital Structure Dynamics of Taiwanese Publicly-Listed Firms?; Liang-Wei Kuo, Hsin-Yu Liang, Yung-Jang Wang Chapter 7. How do board structures of Thai firms influence on different quantile levels of firm performance?; Wonlop Buachoom Chapter 8. Information Security Risk and Costs of Capital: Evidence from Taiwan Semiconductor Companies; Yu-Jen Hsiao, Te-Chien Lo, Sheng-Che Lin Chapter 9. The Effect of Institutional Ownership Stability on Cash Dividend Policy: Evidence from Taiwan; Jia-Chi Cheng, Fang-Chi Lin, Tsai-Hui Tung Chapter 10. Role of Institutional Quality on Environmental Kuznets Curve: A Comparative Study in Developed and Developing Countries; Lin-Sea Lau, Chee-Keong Choong, Cheong-Fatt Ng Chapter 11. An Empirical Analysis of the Influence of Employment on the First Birth Decision for Married Women in Taiwan; Huoying Wu, Hwei-Lin Chuang