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How Does Value Relevance of Accounting Information React to Financial Crisis?

by Editor DLSUBER | | Volume 28 No.2

Karl Louis Eugenio*, Rhobe Mitch Ailarie Parel, Katrina Marie Reyes, Keith Brian Yu, and Cynthia Cudia De La Salle University, Manila, Philippines karl_eugenio@dlsu.edu.ph   Abstract: The relevance of financial reports rests on the value relevance of accounting...

Time-Varying Weather Effects on Thai Government Bond Returns

by Editor DLSUBER | | Volume 28 No.2

Anya Khanthavit Thammasat University, Bangkok 10200, Thailand akhantha@tu.ac.th   Abstract: This study proposed a state-space model that allows time-varying weather effects on asset returns. It resolves the model misspecification of the unrealistic, fixed effect...

Legal Setbacks, Disbursement Sudden Stops, and Fiscal Stimulus: An Empirical Characterization of a Recent Philippine Fiscal Experience

by Editor DLSUBER | | Volume 28 No.2

Lawrence B. Dacuycuy* and Mariel Monica R. Sauler De La Salle University, Manila, Philippines lawrence.daculcuy@dlsu.edu.ph   Abstract: Recognizing the importance of expanding fiscal spending programs and improving disbursement rates, the Aquino administration...

On Implementation Delays, Marginal Costs and Price Dynamics: A Theoretical Note With Implications for the Philippines

by Editor DLSUBER | | Volume 28 No.2

Lawrence Dacuycuy, Mariel Monica Sauler and Dickson Lim De La Salle University, Manila, Philippines lawrence.dacuycuy@dlsu.edu.ph   Abstract: It has been known that longer implementation delays in public investments result in sluggish accumulation of public capital....

Can Government Bond Replace Rational Bubbles?The Empirical Investigation on Singapore and Thailand

by Editor DLSUBER | | Volume 28 No.2

Athakrit Thepmongkol and Pichet Kaytanyaluk National Institute of Development Administration, Thailand tong_econ@hotmail.com   Abstract: This paper aims to test the theoretical policy implication on rational bubbles. Many works, including Caballero and Krishnamurthy...

How Does the Thai Stock Market Respond to Monetary and Fiscal Policy Shocks?

by Editor DLSUBER | | Volume 28 No.2

Suthawan Prukumpai Kasetsart University, Bangkok, Thailand fbusswp@ku.ac.th Yuthana Sethapramote National Institute of Development Administration, Bangkok, Thailand   Abstract: This study examines the impacts of monetary and fiscal policy on the Thai stock market...
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