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.. doi:10.1007/s11156-013-0390-8. ISSN 0924-865X
Academics and practitioners have frequently debated the relationship between market capitalization and expected return. We apply the Markowitz efficient frontier approach to d...
Hwang, T., Gao, S. S. & Owen, H. (2011). A two-pass model study of the CAPM: evidence from the UK stock market. Studies in economics and finance. 29, 89-104. doi:10.1108/10867371211229118. ISSN 1086-7376
Purpose – There has been considerable debate on the linear relationship between systematic risk and return. The purpose of this study is to investigate whether security return...
Hwang, T. & Gao, S. S. (2005). An empirical study of cost efficiency in the Irish life insurance industry. International journal of accounting, auditing and performance evaluation. 2, 264-280. doi:10.1504/IJAAPE.2005.007675. ISSN 1740-8016
Contemporary studies of cost efficiency in the insurance industry have predominantly focused on large economies. This paper investigates scale economies and cost efficiency in...
Hwang, T. & Gao, S. S. (2002). The determinants of demand for life insurance in an emerging economy - the case of China. Managerial Finance. 29, 82-96. doi:10.1108/03074350310768779. ISSN 0307-4358
In the past two decades, many emerging economies have been witnessed the strong growth of their life insurance industry. While research in the demand for life insurance has at...