Many studies found that financial data exhibits non-normal characteristics such as Asymmetry and Leptokurtosis. Though the third-moment or skewness has been studied. there is not yet a good in-depth analysis in fourth moment or leptokurtosis. This study aims to provide an extensive literature on leptokurtosis discuss the importance and use of this measure in relation to financial data and develop suitable tests for testing kurtosis in the presence/absence of skewness.
Pearson family of distributions has not been used extensively in economics though there are few applications in finance. The objective of this study is to explore the behavior of economics data in relation to this family of distributions.
This study aims to search for a new sensitivity measure that can explain the behavior of returns and volatility. Using some preliminary work available in the literature a measure can be developed theoretically and tested empirically.
The Association of Southeast Asian Nations (ASEAN) is undergoing a paradigm shift from Government-to-Government (G2G) to Community-to-Community relationships with the emphasis on integration and collaboration. The relatively recent developments of Information and Communication Technology (ICT), especially Social Networks, Web 2.0, mobile technology and its related technologies have become the main drivers of this paradigm shift. This study assesses each leading ASEAN members to take advantage of the the digital marketplace as a platform for innovative business survavibility and economic diversification strategy to build Business-to-Consumer (B2C) or Consumer-to-Consumer (C2C) integration and collaboration. Digital marketplaces have enabled new types of transactions and are becoming an increasingly important part of the economic development. The research will be benefiting Brunei in understanding and preparing the potential of digital marketplace based on the lesson learnt from neighboring ASEAN countries that have been utilizing the digital business platform. The outcome of the research will be the framework and modelling digital marketplace based on successful implementations without leaving the local wisdom of Brunei’s identity. The research will deploy qualitative method by interviewing experts and players of digital marketplace in ASEAN countries. Case studies will be conducted on a particular e-commerce segment such as social commerce in Brunei.