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Call Auction Transparency And Market Liquidity, Evidence From The Shanghai Stock Exchange, Gary G. Tian, Dionigi Gerace, Alex Frino

Faculty of Commerce - Papers (Archive)

This paper examines the impact of pre-trade information transparency in pre-open call auction on market liquidity on the Shanghai Stock Exchange (SHSE). We examine the natural experiment affected by the Shanghai Stock Exchange in July 2006 when it changed its pre-open auction algorithm from an entirely black box into a limited transparent system with a closed order book. We find that the increase in pre-trade information transparency coincides with a statistically significant reduction in spread at the best quotes. The reduction in spread persists even after controlling for known determinants of depth. Furthermore, there is also evidence of a statistically …

Segmenting The Senior Travel Market By Means Of Travel Motivation - Insights From A Mature Market (Switzerland), Philipp E. Boksberger, Christian Laesser

Faculty of Commerce - Papers (Archive)

The paper reports on the segmentation of Swiss senior travellers on the basis of their travel motivation. Switzerland is considered a mature market which is why this country serves as a role model for future travel behaviour. In contrast to previous studies, which identified up to six clusters, the results reveal that in the case analysed there are three clusters. Two of them partially represent a life cycle concept: TIME HONOURED BON VIVANTS (phase 1; towards the end of a professional life), and GRIZZLED EXPLORERS (phase 2; from the start of a retired life). These two segments are complemented by …

From Hatred To Genuine Peace: A Dynamic Formulation Of Conflict Resolution, Amnon Levy

Faculty of Commerce - Papers (Archive)

This paper highlights the role of hatred and its evolution in determining the nature of peace between groups, or nations, after reaching, and while implementing, truce. It proposes that weak inertia, diminishing memory of hatred and low propensity to reciprocate hatred are essential for reaching a genuine and stable peace. In the case of mutual abstinence from violence, genuine peace process prevails if both groups have sufficiently weak inertia and strongly diminishing memories of hatred and low proponsities to reciprocate hatred. When these conditions are not satisfied, genuine peace may still be reached if one of the groups has weak …

Developing And Refining Outcome Measurement Suites: An Example From The National Continence Management Strategy, Janet E. Sansoni, Nicholas Marosszeky, Emily Sansoni

Sydney Business School - Papers

This paper provides a brief overview of the Australian National Continence Management Strategy with respect to its activities related to the assessment of incontinence, the use of measures to evaluate the outcomes of incontinence treatment interventions, and the production of Australian prevalence and burden of disease estimates.

It highlights the Continence Outcomes Measurement Suite (COMS) project, in particular, which has moved through a number of developmental stages. Stage 1 involved the scholarly review of commonly used self-report and clinical assessment measures for both urinary and faecal incontinence against the current definitions provided by the International Continence Society (Thomas, et al., …