Global Finance Journal



Editor::Manuchehr Shahrokhi





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Aims & Scope

Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management.

Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia.

Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.

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Current Abstracts (EBSCO), Gale Academic OneFile, Gale Infotrac Custom, Journal of Economic Literature, ProQuest, RePEc, Scopus, The CFA Digest
Editor: Manuchehr Shahrokhi Craig School of Business, California State University, Fresno, CA 93740-0007, USA, Editorial Board: Reena Aggarwal Georgetown University, Washington, DC, USA, Yakov Amihud New York University, New York, NY, USA, Giovanni Barone-Adesi Università della Svizzera Italiana (USI), Lugano, Switzerland, Christine Brown Monash University, Caulfield East, VIC, Australia, K.C. Chen California State University, Fresno, CA, USA, Huifang Cheng Zhejiang University of Technology (ZJUT), Hangzhou, China, Cheol Eun Georgia Institute of Technology, Atlanta, GA, USA, Ali M. Fatemi DePaul University, Chicago, IL, USA, Michael Frenkel Koblenz School of Corporate Management - WHU, Vassendari, Germany, Dilip Ghosh James Madison University, Harrisonburg, VA, USA, Jack Glen International Finance Corporation (IFC), Washington, DC, USA, Anthony F. Herbst University of Texas at El Paso, El Paso, TX, USA, Phillipe Jorion University of California at Irvine, Irvine, CA, USA, Colm Kearney Monash University, Clayton, Australia, Yong Kim University of Cincinnati, Cincinnati, OH, USA, Lisa Kramer University of Toronto, Toronto, Canada, Chuck Kwok University of South Carolina, Columbia, SC, USA, Ricardo Leal Federal University of Rio de Janeiro, Rio De Janeiro, Brazil, Jeff Madura Florida Atlantic University, Boca Raton, FL, USA, Arvind Mahajan Texas A&M University, College Station, TX, USA, Michael Moffett The Garvin School of Int. Management-Thunderbird, Glendale, AZ, USA, Ehsan Nikbakht Hofstra University, New York, NY, USA, Edgar Ortiz Universidad Nacional Autónoma de México (UNAM), Mexico City, Mexico, James E. Owers Georgia State University, Atlanta, GA, USA, Sunil Poshakwale Cranfield University, Cranfield, Bedford, UK, Yochanan Shachmurove University of Pennsylvania, Philadelphia, PA, USA, Bruno Solnik HEC Paris, Jouy en Josas, France, René Stulz Ohio State University, Columbus, OH, USA, Adrian E. Tscheogl University of Pennsylvania Wharton School, Philadelphia, PA, USA, Gordon Walker La Trobe University, Bundoora, VIC, Australia
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