Mostafa Saidur Rahim Khan

Momentum in stock returns: evidence from an emerging stock market

ABSTRACT This study examines the presence and sources of momentum profits in the Dhaka stock exchange (DSE). Although the short-term reversal and intermediate-term momentum are found to be evident, short-term reversal is not as consistent and significant as intermediate-term momentum. Further examination shows that momentum profits in the DSE cannot be explained by the rational source like market factor but can be explained by the size factor. We argue that presence of large number of small stocks and lack of arbitrage opportunity could be the possible causes of momentum effect in the DSE.

Can Financial Literacy Reduce Anxiety about Life in Old Age

This study examines the role of financial literacy in reducing anxiety about life in old age. We hypothesize that financial literacy increases preparedness for old age through better savings and investment decisions, leading to the accumulation of more assets and earning more income, which enhances financial capacity and reduces anxiety. Using data from a nationwide panel survey in Japan, we provide evidence that financial literacy can reduce anxiety about life in old age by making people capable of accumulating more assets and earning more income. Moreover, the interaction of financial literacy with age and spouse reduces anxiety, while living with children increases anxiety about life during old age. We check the robustness of our results using an alternative measure of financial literacy, changing composition of the sample, controlling for residents’ geographical dispersion, and testing for endogeneity bias. The major findings remain unchanged after considering these factors.

Can concern for the long-term care of older parents explain son preference at birth in India?

ABSTRACT This study examines whether concern for the long-term care of older parents is the primary reason for son preference in India. Controlling for important socioeconomic factors that are believed to affect son preference, we find that concern for long-term care is the principal cause of son preference in India. Sons serve as the primary caregivers to elderly parents, while daughters are mostly engaged in caring for parents-in-law. This trend is more acute in rural than in urban areas. Our study also finds a strong implication of the filial relationship for the long-term care of elderly parents.

Gender differences in the long-term care of older parents: evidence from India

ABSTRACT This paper examines gender differences in the long-term care of older parents in India by studying the expected provision of care by married sons and daughters. Gender differences in long-term care are important, as the sociocultural environment of India shapes the role of married children. While married sons are expected to provide long-term care for their biological parents, married daughters have limited scope to do so, a tendency that was revealed through our data from Osaka University’s ‘Preference Parameters in India, 2011.’ Other family members are also expected to play a significant role in parental care, while neither gender expects their parents to rely on professional long-term care. This paper contributes to the scarce empirical evidence on long-term care for older parents by married children, as opposed to previous research that has focused on the division of caregiving activities between sons and daughters in general.

Effects of China's one-child policy on group cooperation: survey evidence

ABSTRACT This study examines whether Chinese workers born after the one-child policy (OCP) regime are really less cooperative in the workplace as postulated by the ‘little emperors syndrome.’ The increasing share of OCP generation workers in the Chinese workforce has created diversity in the group that requires examining whether intergenerational gap exists in the personality that can affect the level of cooperation in the group. We provide evidence that workers from the OCP generation are no less cooperative than the workers from the pre-OCP generation. We argue that strong Chinese culture influenced by the Confucius roots makes OCP generation workers cooperative although this generation is self-centric in the daily life.

What determines financial literacy in Japan

This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University’s Preference Parameter Study in Japan. We examined fourteen variables covering respondents’ demographic, socio-economic, and psychological backgrounds drawn from social learning, consumer socialization, and psychology theories of learning. The results indicate that the demographic factors of gender, age, and education; the socio-economic factors of income and occupation; and the psychological factor of perceptions about future significantly affect the level of financial literacy. We checked the robustness of results using a different measure of financial literacy, which also confirmed our findings. The results emphasize the need for a formal financial education and social contact to boost financial literacy levels in Japan.