Corporate Governance And Firm Value: Evidence From Lodging Companies,
2021
Mersin University
Corporate Governance And Firm Value: Evidence From Lodging Companies, Serban Bakay Ergene, Erdinc Karadeniz
Journal of Global Business Insights
This study examined the relationships and interactions between corporate governance and firm values of lodging companies with different characteristics. The companies were analyzed separately using a classification and regression tree (CRT) analysis. The analysis results did not show a direct relationship between value and governance, yet that does not mean there is no relationship between them. When the companies’ governance scores were similar, corporate governance showed no distinguishing variable on firm value but is a hygiene factor. The analysis also found negative relationships between value and size. This may be important in preventing companies from becoming cumbersome. Also, positive relationships …
Investment Decisions And Trading Behavior Of Institutional And Retail Investors,
2021
Singapore Management University
Investment Decisions And Trading Behavior Of Institutional And Retail Investors, Antonia Kirilova
Dissertations and Theses Collection (Open Access)
This dissertation consists of three studies in the areas of empirical asset pricing, market microstructure, and behavioral finance. I study the trading behavior and portfolio choices of institutions and retail investors in the equity and derivatives markets. Examining the ways in which different market participants make investment decisions allows us to understand their role in shaping financial market dynamics. This is important in order to know how to structure markets for enhanced market efficiency, and to protect less sophisticated investors through better policies and regulations. Although there is a considerable amount of literature disputing the ability of retail investors and …
Analysis Of Time-Phased Estimates Accuracy, Budget Profile And Under-Spending In Defense Acquisition Programs,
2021
Air Force Institute of Technology
Analysis Of Time-Phased Estimates Accuracy, Budget Profile And Under-Spending In Defense Acquisition Programs, Thinh Q. Tran
Theses and Dissertations
As fiscal resources become more limited due to the expanding range of mission needs, accurate cost estimating and budgeting have become more important than ever before. Accurate cost estimates allow the Department of Defense (DoD) to budget with confidence and to effectively communicate its needs to Congress. This research looks to analyze estimates from Air Force’s programs using Milestone B and Initial Operational Capability as the analysis window. Initial analysis of the linear interpolation of the percent budget change indicates that there is underspending in the earlier stages of acquisition programs’ development cycle. Additionally, looking at the cumulative budget change …
Traceable Monero: Anonymous Cryptocurrency With Enhanced Accountability,
2021
Singapore Management University
Traceable Monero: Anonymous Cryptocurrency With Enhanced Accountability, Yannan Li, Guomin Yang, Wily Susilo, Yong Yu, Man Ho Au, Dongxi Liu
Research Collection School Of Computing and Information Systems
Monero provides a high level of anonymity for both users and their transactions. However, many criminal activities might be committed with the protection of anonymity in cryptocurrency transactions. Thus, user accountability (or traceability) is also important in Monero transactions, which is unfortunately lacking in the current literature. In this paper, we fill this gap by introducing a new cryptocurrency named Traceable Monero to balance the user anonymity and accountability. Our framework relies on a tracing authority, but is optimistic, in that it is only involved when investigations in certain transactions are required. We formalize the system model and security model …
Santa Claus Rally And The Indian Stock Market: A Comprehensive Analysis,
2021
East Texas A&M University
Santa Claus Rally And The Indian Stock Market: A Comprehensive Analysis, Srinvias Nippani, Shekar Shetty
Faculty Publications
The study examines the leading Indian stock market indices all of which reflect the “Santa Claus rally” effect where significantly higher daily returns accrue to investors in the last five trading days of December and the first two trading days of the following January. The study also reveals that the BSE SENSEX started exhibiting this effect only during the post-1991 period. Additionally, the results indicate that there is a size effect associated with the Santa Claus rally effect wherein small-cap companies outperform mid-cap and large-cap companies. The evidence also suggests that the effect is prominent in eight industry-specific sub-sectors.
Sustainable Entrepreneurship And Business Performance: Evidence From Food And Beverage Outlets In East Coast Malaysia,
2021
Universiti Malaya
Sustainable Entrepreneurship And Business Performance: Evidence From Food And Beverage Outlets In East Coast Malaysia, Hajera Shah Syed
Student Works (2020-2029)
The concepts of sustainable entrepreneurship and measuring business performance using the tools of sustainability performance measurement and management have gained increasing attention over the decades. The terms such as sustainability and sustainable entrepreneurship have roots in the notion of sustainable development. On the other hand, the role of Small and Medium Enterprises (SMEs) in the economic make up of a country is a significant one. Despite, the important role of SMEs, the area of sustainable entrepreneurship practices among SMEs has been under-researched. Thus, this research aimed to study sustainable entrepreneurship practices of SME managers or manager-owners of Food and Beverage …
Japanese Monetary Policy And Its Impact On Stock Market Implied Volatility During Pleasant And Unpleasant Weather,
2021
Singapore Management University
Japanese Monetary Policy And Its Impact On Stock Market Implied Volatility During Pleasant And Unpleasant Weather, Marinela Adriana Finta
Research Collection Lee Kong Chian School Of Business
We investigate the effect of Japan’s Monetary Policy Meeting releases on the intraday dynamics of the Nikkei Stock Average Volatility Index and its futures during pleasant and unpleasant weather. We show that at the time of a monetary policy release when the temperature is pleasant, there is a significant decline in Japanese equities’ implied volatility and futures, which lasts for about 10 minutes and 5 minutes, respectively. This decline is longer and exhibits a greater variation when releases occur during cold days. Finally, we emphasize the achievable economic profits and losses, given the reaction of Nikkei VI futures to the …
Short-Term Institutions, Analyst Recommendations, And Mispricing: The Role Of Higher Order Beliefs,
2021
University of Notre Dame
Short-Term Institutions, Analyst Recommendations, And Mispricing: The Role Of Higher Order Beliefs, Martijn Cremers, Ankur Pareek, Zacharias Sautner
Department of Finance Faculty Research
We document that stocks that have optimistic (pessimistic) consensus recommendations and are currently held by many short-term institutions exhibit large stock-return reversals: Their large past outperformance (underperformance) is followed by large negative (positive) future alphas. The predictable return reversals originate from overreaction to past recommendation releases and the correction of these overreactions around future releases. Results are stronger when earnings news is released and at firms with higher fundamental uncertainty. Further, firms with more short-term institutions show stronger announcement returns and price drift after recommendation changes. Our results are consistent with models of higher order beliefs where short-term institutions coordinate …
Islamic Insurance On Research: Bibliometric Analysis,
2021
Faculty of Economics and Business, Siliwangi University
Islamic Insurance On Research: Bibliometric Analysis, Dedi Kusmayadi, Irman Firmansyah, Iwan Hermansyah
Library Philosophy and Practice (e-journal)
This study explains the development of articles on Islamic insurance. The data is taken from dimensions.ai database from 2014 to 2021. The data analysis is bibliometric using R biblioshiny software. The number of articles collected is 500 documents from the Journal 399 documents, Chapter 60 documents, edited book 8 documents, monograph 6 documents, preprints 13 documents, and proceedings 14 documents. The results of the analysis show that the development of articles with the theme of Islamic insurance has increased. The most productive author is Billah MM with a total of 12 articles, while the author who writes the most consistent …
The Determinants Of House Prices In Malaysia,
2021
Khazanah Nasional Berhad, Malaysia
The Determinants Of House Prices In Malaysia, Hazmi Hamizan Bin Mohd Zaki
International Journal of Management, Finance and Accounting
This paper studied how house prices were affected by macroeconomic factors from Q1 2009 to Q4 2018. The short and long-run effects of real income, nominal interest rates, inflation rate and stock prices on house prices in Malaysia were examined with the autoregressive distributed lag (ARDL) of a restricted error correction model (ECM). It was discovered that the selected macroeconomic factors were cointegrated with house prices. Income, represented by real Gross Domestic Product (GDP), significantly affected house prices in the short and long-run. Inflation and interest rate, proxied by Consumer Price Index (CPI) and Overnight Policy Rate (OPR), respectively, affected …
Factors Affecting Accumulation Of Household Debts In Malaysia,
2021
Faculty of Management, Multimedia University, Malaysia.
Factors Affecting Accumulation Of Household Debts In Malaysia, Yvonne Lean-Ee Lee, Vanisa Sukhavudh Charun, Hazmi Hamizan Mohd Zaki
International Journal of Management, Finance and Accounting
Since 2000, the ratio of debt to income among Malaysian households has been showing an upward trend. This paper examines the factors affecting accumulation of household loans into two main categories, housing loans and consumption loans. The purpose of this separation is to study the impact of savings on housing loans and consumption loans individually, which has not been researched in a Malaysian context prior to this. By adopting the Vector Error Correction Model (VECM), we found that cost of living, house prices and savings impacts accumulation of housing loans and consumption loans differently. There is a positive relationship between …
A Roller Coaster Ride,
2021
Faculty of Management, Multimedia University, Malaysia.
A Roller Coaster Ride, Hasni Binti Mohd Hanafi, Azman Bin Jantan
International Journal of Management, Finance and Accounting
Fun Extreme Park is a new theme park in town. After a few years in operation, the park is facing a crisis in declining number of visitors. Revenue is greatly affected as the biggest revenue stream comes from the sales of tickets. A few other challenges have been identified that may further contribute to the decline in the visitors’ numbers. The sales of retail products are not promising and there has been an increasing complaint from customers on the quality of food and services at their restaurants. Despite having ten rides in the park, some of the popular rides are …
Driving Inclusiveness From The Grassroots: The Tambunan Inventors,
2021
Faculty of Management, Multimedia University, Malaysia.
Driving Inclusiveness From The Grassroots: The Tambunan Inventors, Kamarulzaman Abdul Aziz, Jule Ashikin Julai Poh
International Journal of Management, Finance and Accounting
Reviews of recent studies indicated the growing importance of development and attainment of inclusive societies via inclusive innovations. This is especially relevant for addressing the disenfranchised or those at the base of the economic pyramid (BOP). Gaps in the literature pointed to; l) the need for understanding of inclusive innovation processes among small, medium and micro enterprises vis-à-vis among local entrepreneurs, ll) there is a lack of studies on inclusive innovation movement in Malaysia. Specifically under the SME Masterplan 2012-2020, there are a number of high impact programmes defined to drive numerous aims. Specifically, for driving inclusive innovation among Small …
Leveraging Business Data Analytics And Machine Learning Techniques For Competitive Advantage: Case Study Evidence From Small Businesses,
2021
Faculty of Management, Multimedia University, Malaysia.
Leveraging Business Data Analytics And Machine Learning Techniques For Competitive Advantage: Case Study Evidence From Small Businesses, Rathimala Kannan, Intan Soraya Binti Rosdi, Kannan Ramakrishnan, Haziq Riza Bin Abdul Rasid, Mohamed Haryz Izzudin Bin Mohamed Rafy, Sukinurlin Yusuf, Siti Nurfara Alia Binti Mohd Salamun
International Journal of Management, Finance and Accounting
Data analytics is the essential component in deriving insights from data obtained from multiple sources. It represents the technology, methods and techniques used to obtain insights from massive datasets. As data increases, companies are looking for ways to gain relevant business insights underneath layers of data and information, to help them better understand new business ventures, opportunities, business trends and complex challenges. However, to date, while the extensive benefits of business data analytics to large organizations are widely published, micro, small, and medium sized organisations have not fully grasped the potential benefits to be gained from data analytics using machine …
Aurora: The Pandemic Within,
2021
Faculty of Management, Multimedia University, Malaysia.
Aurora: The Pandemic Within, Nahariah Jaffar, Haslin Johari
International Journal of Management, Finance and Accounting
Aurora Layar Group (Aurora) had been experiencing losses for three consecutive years since 2017. Among factors contributing to these losses were high depreciation due to high capital expenditure and recognition of impairment losses. However, Aurora managed to reduce its losses from RM252 billion in 2017 to RM79.5 billion in 2019. Unfortunately, the Covid-19 pandemic had hammered many industries worldwide including Aurora, in the travel, leisure and hospitality sector. The implication from the restrictions on business operations due to the Covid-19 pandemic on Aurora was evidenced by its reported losses of RM371.3 billion in the first six months to June 2020 …
Examining Factors Influencing Behavioural Intention Of Managers In Fraudulent Financial Reporting: Evidence From Pakistan,
2021
Universiti Malaya
Examining Factors Influencing Behavioural Intention Of Managers In Fraudulent Financial Reporting: Evidence From Pakistan, Riaz Ahmed
Student Works (2020-2029)
The modern business world is substantially full of risks and challenges that the global crimes and illegal financial activities are growing rapidly. All the stakeholders such as the owners, shareholders, investors, and regulators have raised much concern over increasing number of corporate scandals. The growth of irregular accounting transactions, business scandals, and fraudulent financial reporting has developed a milieu of mistrust among the businesses and their stakeholders while making financial reporting decisions. It is essential to understand the fundamental factors related to unethical financial reporting intentions of corporate managers. This study aims to (1) examine the influence of managers� attitudes …
Financing Of Small And Medium Scale Enterprises And Its Growth Impact In Nigeria.,
2021
University of Lagos, Nigeria
Financing Of Small And Medium Scale Enterprises And Its Growth Impact In Nigeria., Charles Onyeiwu Ph.D, Obumneke Bob Muoneke, Udo Nkoyo
The Journal of Entrepreneurial Finance
Abstract: We examined the extent to which SMEs financing influenced economic growth in Nigeria through the use of time-series data from 1999-2018. After a literature search, other factors possessing the potential to influence the dependent variable ASGDP was added to the research model. Relying on Ordinary Least Squares estimation using E-views 10.0, findings shows that lending rate reduces ASGDP by 7% and gross capital formation reduces ASGDP by 5%. On the other hand, surprisingly, credit to SMEs did not retain the massive effect on growth as seen in previous studies. We can attribute this to our choice of adopting SME …
Mathematical Modeling On Islamic Economics And Finance: A Scientometric,
2021
SMART Indonesia
Mathematical Modeling On Islamic Economics And Finance: A Scientometric, Aam Slamet Rusydiana, Yulizar Djamaluddin Sanrego, Wahyu Ario Pratomo
Library Philosophy and Practice (e-journal)
This study aims to determine the development map of mathematic model in islamic economics and finance research that is indexed by Dimensions with the keyword "Mathematical in Islamic economics finance". The data analyzed were 76 selected publications. The development map of mathematic model in islamic economics and finance research analyzed using the Biblioshiny-R and VOSviewer application program to find out the bibliometric map. The results showed that the number of publications on the development of mathematic model in islamic economics and finance research from 1980-2020 experienced a significant increase and the highest impact …
Charles Wells,
2021
Pace University
Charles Wells, Charles Wells
Oral History
Charles Wells attended Pace from 1969 to 1972 and graduated with an MBA in Finance and Marketing.
Covid-19: World After The Crisis,
2021
PhD Candidate, Specialist at the Centre for International Economic and Political Studies, UWED
Covid-19: World After The Crisis, N. Rakhmatullaeva
International Relations: Politics, Economics, Law
The digest introduces readers with the main theses of Josep Borrell, High Representative of the EU reflected in his article COVID-19: le monde d’après est déjà là for the revue Politique étrangère.
