Asian Structured Products

Pitts, Clarke; Wu, Angel

doi:10.2139/ssrn.3088822

Cited by 1 publication

(2 citation statements)

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“…72% of the issuance comes from Equity indexes such as stock (11.88%), ETF (6.42%), and the basket of Stocks (3.69%). Wu and Pitts (2017) highlight the advantages of SPs offered to investors. These advantages are tax efficiency, currency protection, leverage, transparent pricing, and complexity.…”

Section: Resultsmentioning

confidence: 97%

“…The volume of SP offered in Asian Market, including Singapore, South Korea, Japan, Hong Kong, and China, have exceeded USD750 billion (CFA Institute Research Foundation, 2015). Japan was home for the biggest stock exchange in Asia and the third largest in the world contributing to the sale of SP of more than USD 570 billion at the end of 2015 (Wu and Pitts 2017). Vanini and Pohl (2015) conclude that between the periods of 2012 to 2014, at least 80% of the SP performed well and generated a positive return.…”

Section: Resultsmentioning

confidence: 99%

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Untitled

2019

jeb

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Corporate board is pressured from all stakeholders for better reporting on corporate health. Meanwhile, effective discharge of the responsibilities of a corporate board is assured by an appropriate balance of skills and diversity without compromising competence, independence, and integrity. This study examines the extent to which corporate board attributes drive the performance of non-financial firms in Nigeria. The study adopted ex post facto research design. Data were extracted through content analysis from the annual report of 93 out of 122 non-financial firms listed on the Nigerian Stock Exchange from 2006 to 2015. Collected data were analysed with pooled ordinary least square regression conducting diagnostic tests to confirm the assumptions of the regression. Analysis revealed that: Board size and board gender diversity have a positive and significant effect on corporate performance. While board independence and board remuneration have a negative and significant effect on corporate performance. Also, directors' shareholding has a negative but insignificant effect on corporate performance. Based on the findings, the study among other things recommends that companies in Nigeria should promote diversity in its membership across a variety of attributes particularly gender diversity considering that it is relevant for enhancing firm performance. Also, Company should remunerate fairly, responsibly and transparently so as to reduce the decreasing effect of board remuneration and promote positive outcomes in the short, medium and long term.

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Section: Resultsmentioning

confidence: 97%

Section: Resultsmentioning

confidence: 99%