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Top banking and finance scholars from the East and West bring their expertise to bear on the regional economic reform issues raised by the Asian financial crisis of the late 1990s.

Table of Contents

Foreword by Ahmad Fawzi and Mohd Basri Introduction From Turbulence to Tranquility: Reform and Restructuring in Malaysia by Dilip K. Ghosh Portfolio Investments in Australia: 1988-1997 by W. Leong and J. Wickramanayake The Level of Managerial Ownership, Leverage, and Dividend Policies: Hong Kong Evidence by Rohit Jain and Kam-wah Lai Examining the Performance of the Malaysian Life Insurance Sector: Efficiency and Productivity Growth by Alias Radam and Shazali Abu Mansor Assessing 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. Puri Linking Commercial Bank Lending into Determinants of Price Level in Malaysia by Tuck Cheong Tang Optimal Financial Structure: A Modigliani and Miller Dynamic Model for Mexican Corporations by Edgar Ortiz and Jonathan Torres Thai Capital Market Integration Using Relevant Assets by Pornanong Budsaratragoon and Sunti Tirapat Intraday Systematic Patterns, Lead-Lag Relationships and Pricing Efficiency: Evidence from the Kuala Lumpur Composite Index Futures by Fauzias Mat Nor and Tea Lee Choo The 1997-98 Asian Financial Crisis, Corporate Restructuring, and Earnings Per Share of Listed Companies by Zainal A. Mohamed, Haim H. Abdullah, and Ahmad Yakob The 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 Mad Cost Efficiency and Economies of Scale in Asian Banking by Mohd Zaini Abd Karim Factors in Capital Structure in Japan, Malaysia, and Pakistan by Mansor Isa and Mohamad Mahmud

About the Author

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.