Publicly traded Chinese firms recently reformed their ownership structures by converting non-tradable shares, which constituted two-thirds of shares outstanding and were held largely by the state, into shares that could trade on domestic exchanges. To facilitate this reform, tradable shareholders were compensated with stock grants from non-tradable shareholders. Our analysis focuses on the leve...

The aim of this study is to evaluate the effects of thermal processing of virgin olive oil, canola and frying oil on chemical oxidative indices (peroxide, p-anisidin value and oxidative stability), acid value and fatty acid compositions. The oil samples were exposed to heat treatment at 180 °C and qualitative parameters were determined at 0, 60, and 90 min after thermal processing. The...

Several political and economic factors are involved in choosing exchange rate policy in Organization of Islamic Cooperation (OIC) countries. In the present study, these factors  have been investigated with an emphasis on OCA and political economic factors during 1990 -2014. The result shows that OCA and political economic factors as well as tradable sector are influential on exchange rate poli...

We extend and unify existing international asset pricing models for perfect capital markets by allowing both exchange rates and inflation rates to be stochastic and investors to consume both tradable and nontradable goods. We argue that in the presence of stochastic inflation and exchange rates, the Adler-Dumas’ [1983] inflation-rate differential risks can be related neither to PPP deviation ri...

Oil and Gas sector, with notable participation in national product and funding public expenditures, plays a seminal role in Iran's economy. Although there is a relative lag in providing proportionate supply, Iran stands at the highest rank of owning world's related proven reserves. Using a Computable General Equilibrium (CGE) model, this study was aimed to investigate the effects of the increas...